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Blogs

Sharjah Media City Free Zone- An Emerging Name in the U.A.E Business Market

Sharjah, the third largest emirate in the UAE, lies partly on the Persian Gulf and partly on the eastern coast of the Gulf of Oman. It is positioned between Asia, Europe and Africa, making it a strategic location with access to markets which total more than 3 billion people.

[Read more] AUG 07, 2019
Dubai International Financial Centre Introduces New Licensing Categories

Dubai International Financial Centre (DIFC) is the leading financial capital in the Middle East, Africa and South Asia (MEASA) region.

[Read more] JUL 31, 2019
DLD and RERA Introduce New Service For Real Estate Stakeholders in Dubai

The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), has launched an innovative electronic system called Mollak, an innovative, electronic web-based service developed by RERA for the purpose of...

[Read more] JUL 29, 2019
OWN FREEHOLD PROPERTIES IN DUBAI WITHOUT A DUBAI LICENSE FOR RAKICC REGISTERED COMPANIES

Dubai Land Department (DLD) strengthen ties with Ras Al Khaimah International Corporate Centre (RAKICC) by signing Memorandums of Understanding (MOU) for the registration of freehold properties in Dubai.

[Read more] JUL 21, 2019
DMCC introduces Dual Licensing Scheme by Partnering with DED

As part of a continuous effort to transform Dubai into an investment friendly ecosystem, Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and...

[Read more] JUL 18, 2019
100% Foreign Ownership in the UAE for certain Activities

His Highness Shaikh Mohammad Bin Rashid Al Maktoum chairman of the UAE cabinet, Vice President, Prime Minister and Ruler of Dubai has approved the sectors and economic activities eligible for up to 100% foreign ownership in the UAE.

[Read more] JUL 04, 2019
Why Invest In The United Arab Emirates?

The UAE is strategically located between the east and west, which makes it accessible to major emerging economies, linking shipping routes and facilitating goods' transportation between the various regions in the Middle East, Asia, Europe, and Africa.

[Read more] JUN 18, 2019
Double Tax Treaty: India & United Arab Emirates

Double taxation is defined when similar taxes are imposed in two countries on the same taxpayer on the same tax base, which harmfully affects the exchange of goods, services and capital and technology transfer and trade across the border.

[Read more] JUN 03, 2019
Transfer Pricing and United Arab Emirates

Transfer Pricing (TP) is a practice that allows for pricing transactions internally within businesses and between companies that operate under common control or ownership, including cross border transactions.

[Read more] MAY 28, 2019
Affiniax Partners joins Allinial Global

Affiniax Partners is very pleased to announce it has joined Allinial Global (formerly PKF North America), a member-based association that has dedicated itself to the success of independent accounting and consulting firms since its founding in 1969.

[Read more] MAR 21, 2019
Business Set Up with International Free Zone Authority (IFZA), Fujairah

International Free Zone Authority or IFZA is a newly launched free zone located in the heart of Fujairah. Fujairah is one of the seven emirates of the United Arab Emirates and it lies in the eastern side of UAE that has a coastline solely on the Gulf of Oman.

[Read more] MAR 06, 2019
Kingdom of Saudi Arabia and United Arab Emirates Double Tax Treaty – Official Publication

In its official gazette (Umm Al-Qura) the Kingdom of Saudi Arabia (KSA) on 1 March 2019 published its Double Tax Treaty (DTT) with the United Arab Emirates. This marks the first DTT among the Gulf Cooperation Council (GCC) countries.

[Read more] MAR 06, 2019
New Jafza Offshore Regulations

New Jafza Offshore Regulations with several benefits for international businesses and investors.

[Read more] FEB 06, 2019
Liquidations In the United Arab Emirates (Part 2)

The following article intends to familiarize oneself with the complete liquidation process and procedures for a Company in the United Arab Emirates.

[Read more] JAN 27, 2019
Liquidations in the United Arab Emirates (Part 1)

The following article intends to familiarize oneself with the complete liquidation process and procedures for a Company in the United Arab Emirates.

[Read more] JAN 24, 2019
The benefits of moving to a cloud accounting platform in the UAE

The world we live in is rapidly moving towards digital for all aspects of business, one of the most aggressive moves is that of the accounting world. With your company’s financials at stake, what are the real benefits of moving to a cloud accounting platform?

[Read more] JAN 10, 2019
Obtaining Tax Residency Certificate for a Company

Why should I obtain a Tax Residency Certificate for my UAE company? Tax Residency Certificates are crucial in substantiating your UAE company’s tax residence in the UAE.

[Read more] JAN 09, 2019
VAT: Impact on Businesses in Bahrain

One of our resident VAT experts, Adnan speaks about how VAT can have an impact on businesses in Bahrain by highlighting the following key points:

[Read more] DEC 27, 2018
Recent Development in UAE VAT Law

One of our resident VAT experts, Sudarshan speaks about the new guidelines and clarifications published by the FTA during last few months at IFA Dubai Branch Meeting on December 22,2018.

[Read more] DEC 27, 2018
Phishing Alert: UAE VAT

We are aware that a number of clients have been sent emails and letters from fraudsters pertaining to be the Federal Tax Authority or Banks and requesting for certain details from them.

[Read more] DEC 23, 2018
Bahrain VAT: Large Firms to Register before January 1, 2019

The Ministry of Finance in Bahrain has announced that companies with taxable revenue exceeding BHD 5M per annum are required to register by 20th December 2018. The effective date of registration will be 01st January 2019.

[Read more] DEC 10, 2018
VAT in United Arab Emirates: Profit Margin Scheme

The Federal Tax Authority (‘’FTA’’) issued a public clarification on Article 29 (VATP002) of the Executive Regulation of the Federal Decree-Law No. (8) of 2017 on Value Added Tax. They have further clarified at a recent awareness session organised at the Abu Dhabi Chamber of Commerce and Industry in order to raise awareness among the taxable persons.

[Read more] DEC 09, 2018
9 Key points to becoming a Proactive Accountant

The characteristics of a proactive accountant starts with the basics of sound technical ability and solid ethical foundation.

[Read more] DEC 08, 2018
UAE Foreign Investment Law Change

The UAE Government has now enacted Federal Decree-Law No. 19 of 2018 (“FDI Law”) in furtherance of its objective to allow increased foreign shareholder participation in UAE mainland registered companies beyond the current restriction of 49%.

[Read more] DEC 07, 2018
VAT in United Arab Emirates: What Is It And What Are The Impacts?

Why is VAT being introduced? The Ministry of Finance and the wider GCC have agreed to implement Value added tax (VAT) at a rate of 5% from 1 January 2018.

[Read more] NOV 18, 2018
Bahrain VAT: In Comparison

The government of Bahrain has announced the implementation of VAT from 1st January 2019. An Arabic version of the VAT law has been published. Implementing regulations will be released at a later date which will explain the VAT matters in further detail.

[Read more] NOV 14, 2018
Transforming HR and Strategizing Change Management

We were recently honored with “Mark of Excellence” for “Best HR Transformation & Change Management Strategy” at the Future Workplace Awards on November 13, 2018 at Park Hyatt, Dubai.

[Read more] NOV 13, 2018
KSA VAT: What are zero rated services and how can I ensure that I am not charging too much tax?

The tax treatment of services provided by registrants under the UAE VAT and KSA VAT legislation is often a complex area, with both sets of tax laws providing strict rules on when such services can be subject to the zero rate of VAT.

[Read more] NOV 07, 2018
UAE VAT and the exchange rate, how does tax affect currency exchanges and your business?

When a supply is made in any currency other than AED all taxable persons must use the Central Bank's published exchange rates for the purposes of converting invoices issued in foreign currencies into the local currency (UAE Dirham) and calculate the VAT liability accordingly.

[Read more] NOV 01, 2018
UAE VAT: What are designated zones and what does it mean to my business?

Under the VAT guide on Designated Zones (“DZs”) the Federal Tax Authority (“FTA”) has confirmed the VAT treatment applicable to businesses operating in DZs...

[Read more] OCT 24, 2018
Understanding VAT on entertainment expenses

Entertainment has been defined as hospitality of any kind, including the provision of accommodation, food and drinks not provided in the normal course of business meeting, and access to events or trips...

[Read more] OCT 17, 2018
5 things you must consider when setting up a business in Dubai

It is imperative to understand the model of your business before taking the plunge into entrepreneurship.

[Read more] JUL 10, 2018
What is the cost of outsourcing the accounting and finance function / department?

If you cannot measure something, how can you improve?

[Read more] JUL 10, 2018
How much does an accountant cost in Dubai?

The recent changes in the business world in the UAE, particularly the introduction in VAT, has seen significantly increased demand for accountancy services.

[Read more] JUL 10, 2018
The value of business consulting in the UAE?

Determining the value you can derive from business consulting is one of those things that often comes with hindsight and, on occasion is overlooked or missed entirely.

[Read more] JUL 10, 2018
IS THERE A LINK BETWEEN A CORPORATE CULTURE BASED ON SHARED VISION AND VALUES AND ORGANISATIONAL PERFORMANCE?

For vision and corporate values to have an impact on the organisation's performance, having a visionary leader is just a starting point.

[Read more] MAR 27, 2018
The Trends changing the Business Landscape and the Role of the Board

The role of the Board is evolving and is more proactive than reactive.

[Read more] MAR 20, 2018
VAT: Impact on Businesses in Bahrain

One of our resident VAT experts, Adnan speaks about how VAT can have an impact on businesses in Bahrain by highlighting the following key points:

[Read more]
The value of business consulting in the UAE?

Determining the value you can derive from business consulting is one of those things that often comes with hindsight and, on occasion is overlooked or missed entirely.

[Read more]
OWN FREEHOLD PROPERTIES IN DUBAI WITHOUT A DUBAI LICENSE FOR RAKICC REGISTERED COMPANIES

Dubai Land Department (DLD) strengthen ties with Ras Al Khaimah International Corporate Centre (RAKICC) by signing Memorandums of Understanding (MOU) for the registration of freehold properties in Dubai.

[Read more]
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