The legal regulation of issuing clarifications in the UAE has now got its legal framework with the issuance of Decision No. 5/2024 by the FTA. These Clarifications are official documents that offer rulings regarding certain transactions from the perspective of tax legislation, which assists businesses and people in dealing with the intricacies of distinguished tax … Read more
To enhance benefits for employees and employers in the private sector of UAE, the government of the United Arab Emirates has approved a new voluntary form of program known as the Alternative EOSB Scheme. This article will give fundamental knowledge of the new Alternative EOSB Scheme and how it is different from the end-of-service gratuity … Read more
Registration of a company name is one of the important preliminary steps an entrepreneur has to undertake before establishing a business in Dubai. The city offers a friendly business climate, combined with its strategic location and highly developed infrastructure, making it one of the prime business hubs. One has to follow some guidelines and steps … Read more
The labor laws of the UAE have clearly stated how end-of-service benefits are to be calculated, as they are a form of severance granted to employees upon the termination of their employment contract. This article will help you understand the basics of gratuity calculation in the UAE, keeping both employers and employees up to date … Read more
Dubai’s business landscape offers an attractive destination for investors seeking to establish a mark in UAE’s ever-growing financial sector and business-friendly ecosystem. Dubai’s strategic location enhances its appeal to foreign investors and entrepreneurs, providing them access to the global market. This creates demand for asset management companies in Dubai because new businesses often seek professional … Read more
The General Organization for Social Insurance (GOSI) was formed in 1973 in the Kingdom of Saudi Arabia with a view to implement the provisions of the Law of Social Insurance, promulgated under Royal Decree No M/2 of 1969. Its main function is to set and monitor the implementation of mandatory insurance provisions, receive employers’ contributions, … Read more