Global PEO services are those services that allow a business or entity to hire employees from anywhere on the globe and manage the hiring and other employment requirements for that business. The purpose of hiring these services is most commonly the need to expand a business on a global level. It is the best way … Read more
The United Arab Emirates (UAE) has implemented major changes regarding taxation with the implementation of Federal Decree-Law No. 47 of 2022 for the Taxation of Corporations and Businesses. To provide further clarity on this regard, concerning specific business activities, Ministerial Decision No. 265 of 2023 was issued by the Ministry of Finance to clarify Qualifying … Read more
There are a number of factors that cause the cancellation or revocation of a trade license in Sharjah business zone. Conducting a complete liquidation procedure is often a complex task for corporations, enterprise units close their roles during this process, and the firm’s assets and capital are distributed among the shareholders. Thus, it is essential to avail the services of UAE-accredited liquidators to seamlessly terminate a trade license and to enforce compliance with the regulatory authorities regulations and standards. Farahat & Co is a trusted and reputable liquidation firm in the UAE that offers streamlined liquidation services.
Tax agency refers to the legal entities approved by the Federal Tax Authority (FTA) to represent business entities and other entities in tax related issues. Tax agencies are the key responsibility holders in UAE for the proper implementation of tax laws such as corporate tax, Value Added Tax (VAT) and Excise Tax. They are allowed … Read more
The UAE corporate tax was introduced in June 2023 in line with international tax policies. Whereas, certain entities qualify for corporate tax exemption if they meet the exemption criterion, as provided by the Federal Tax Authority. This article details the entities that qualify for corporate tax exemption in UAE. Who can apply for corporate tax … Read more
The Federal Tax Authority (FTA) in the UAE receives complaints and requests for clarification from both individuals and businesses. Regardless of the nature of your concern, the FTA values all inquiries and feedback. As a result, the authority conducts investigations to address concerns effectively and ensures that feedback is properly considered, fostering transparency and open … Read more
