If you are a business owner in the UAE, then understanding payroll taxes and employer obligations is very crucial. While the UAE does not impose income tax on salaries, certain rules apply to companies in respect of employees. This includes contributions to social security, end-of-service gratuity, and the use of the Wages Protection System (WPS). … 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
In the most catastrophic situation, a company experiencing financial difficulties comes to the point when it becomes unable to settle its debts. The result is that the company goes bankrupt. When a business goes bankrupt, its creditors and investors eventually bear the burden. Financially distressed companies are liquidated for this reason. A firm’s company liquidation … Read more
Dubai is known as a globally recognized business center that values accuracy and transparency in financial records. For businesses to succeed here, it is important to work with the top audit firms in Dubai. This ensures accurate financial records and builds trust with confidence among shareholders. According to the UAE Commercial Companies Law (Federal Law … Read more
UAE businesses can change their names at their discretion. However, the name change for a company has to be done as per procedures and regulations stated in the UAE Companies Law In UAE, the law prescribes that name changes are to be approved by all stakeholders with the approval of relevant authorities. Usually, businesses go … Read more
A trade license is one of the most important requirements for business in Dubai. Getting a business license renewed involves a lot of documents being processed. Also, renewing a business trade license could be a long process if you are unfamiliar with it. Delay in filing a trade license renewal levies a penalty, or worse, … Read more