Blogs

Discover all the Information you need to know about establishing a corporate bank account in Dubai without resorting to copying someone else's work

Jan 30, 2023

Dubai is a popular destination for business ventures, as its government provides a supportive and flexible environment for entrepreneurs. The rules and regulations for licensing and trading are well-established to accommodate a diverse range of businesses, whether they are free zone, mainland, or offshore. The banking industry in Dubai is...

Company Setup in IFZA – Easy, Profitable, Flexible

Jan 15, 2023

The UAE, particularly Dubai, has established itself as a dominant player in the business world, with various developments taking place. One such noteworthy addition is the International Free Zone Authority (IFZA), located only 20 minutes away from the Dubai International Airport. IFZA aims to provide investors with a promising destination...

Checklist for Startup Business in UAE 2023

Dec 30, 2022

Starting a new business in the UAE can be an exciting venture with tremendous growth opportunities. However, navigating the requirements and regulations can be complex. A checklist is a helpful tool for entrepreneurs to ensure they cover all the essential steps when starting a business in the UAE in 2023....

Benefits of Outsourced Accounting Services in UAE

Dec 15, 2022

In recent years, the UAE has experienced a significant growth in business expansion. Among the various aspects that make up a business, accounting and finance are critical. It is essential for businesses to keep track and manage their financial and accounting transactions on a daily basis, which requires a considerable...

Assumptions of Corporate Tax in UAE

Nov 30, 2022

On January 31st, 2022, the Finance Ministry of the United Arab Emirates announced its plan to implement a federal corporate tax law in the country for the first time. The CT Law will be introduced with its executive regulations, and corporate tax will be governed by these laws once they...

An In-Depth Manual for Obtaining a Commercial Permit in Dubai

Nov 15, 2022

If you aspire to start your own business in Dubai, which is recognized as the most prominent business hub in the Gulf region, you must fulfill a crucial requirement of obtaining a trade license.The process of acquiring a trade license in Dubai is lengthy and involves determining the business's nature,...

An examination of CEPA, which is the trade agreement between India and UAE

Oct 30, 2022

A brief summary of the main features of the CEPA agreementCEPA stands for a bilateral trade agreement called the Comprehensive Economic Partnership Agreement.On February 18th, 2022, India and the UAE signed a trade agreement that is bilateral in nature.The CEPA agreement was officially enforced starting from May 1st, 2022.The CEPA...

A comprehensive understanding of the Tax Residency Certificate in the UAE

Oct 15, 2022

The United Arab Emirates has emerged as a preferred global business hub owing to its attractive tax system. However, with the increase in international business transactions, taxation issues have become more complex. To alleviate these concerns, the UAE has signed Double Taxation Agreements with several countries, exempting many businesses from...

A Complete Guide on UAE e-Commerce Accounting

Sep 30, 2022

The global trend towards e-Commerce has been accelerated by the COVID-19 pandemic, with an increase in demand for online shopping, marketing, and sales. The UAE has experienced significant growth in e-Commerce, with many individuals and businesses opting for digital transactions. e-Commerce involves the buying and selling of products and services...

11 Steps to Starting a Business in Dubai UAE

Sep 15, 2022

In recent years, the landscape for starting a business in Dubai has significantly changed, and the notion of minimal ownership or limited rights for foreign or expat entrepreneurs is no longer prevalent.At NSRM Taxation & Accounting, a trusted business consultancy firm in Dubai with over 35 years of experience in...