Aug 18, 2023
On December 9, 2022, the UAE Ministry of Finance (MoF) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, commonly referred to as the Corporate Tax Law. This new law introduces a corporate tax regime in the UAE, and it's essential to stay informed about...
Aug 01, 2023
To successfully grow your business in the UAE, it is essential to prepare for the upcoming corporate tax, or risk facing consequences. The UAE has been working towards becoming a global business hub by aligning its taxation practices with international standards. In December 2022, the Federal Law No. 47 of 2022...
Jul 15, 2023
In 2023, the Tax Residency Certificate (TRC) continues to be a significant document for individuals and companies in the United Arab Emirates (UAE) seeking to establish their tax residency status. The TRC serves as proof of tax residency in the UAE and is essential for availing tax benefits and exemptions,...
Jul 01, 2023
Dubai has experienced remarkable growth and is known for its business-friendly environment, making it a preferred destination for entrepreneurs and investors. To succeed in this market, it is crucial to understand the legal and regulatory requirements for setting up and operating a business in the UAE. Expert consultants specializing in company...
Jun 15, 2023
The UAE is experiencing rapid business growth, with the real estate sector playing a crucial role in its economy. However, due to the large sums of money involved, there is a high risk of money laundering and terrorism financing. To combat these issues, officials must monitor and regulate the industry...
Jun 01, 2023
Dubai, in the United Arab Emirates (UAE), has emerged as a popular destination for short vacations, business deals, and global economic opportunities due to recent economic reforms. The UAE's business-friendly policies and streamlined taxation regulations have attracted high net worth individuals (HNIs) and profitable businesses to establish residency in Dubai...
May 15, 2023
The United Arab Emirates (UAE) has been quick to recognize the potential of blockchain technology and cryptocurrencies, and has established a favorable regulatory framework to attract businesses and entrepreneurs. As a result, the UAE has become a major hub for cryptocurrency businesses, with Dubai emerging as a leading state for...
Apr 15, 2023
Every business requires expert financial advice to manage their finances, accounting, and corporate governance effectively. While some companies have in-house Chief Financial Officers (CFOs) to handle these tasks, not all businesses have the resources to support a full-time CFO. As a result, many organizations turn to virtual CFO services to...
Mar 15, 2023
Being proactive and well-prepared for corporate tax payments in the UAE can help businesses avoid last-minute financial challenges. This involves anticipating tax liabilities, setting aside funds, and creating a payment plan. By having a clear and comprehensive approach, businesses can reduce stress, uncertainty, and ensure financial stability for growth. It is essential...
Feb 15, 2023
Welcome to the UAE's Tax Procedure Law for Value Added Tax (VAT) in 2023! This comprehensive law outlines the rules and procedures for businesses and individuals to follow when it comes to VAT compliance, registration, reporting, audits, and dispute resolution. It also covers penalties for non-compliance and procedures for appeals and...