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
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
The UAE business regulations require all types of businesses either small or large to keep their accounting books of record for minimum past six years which also includes payroll accounting records. Payroll accounting involves many tasks including the calculation and dispensation of wages along with keeping a record of the whole process. It also involves … Read more
A professional license in Dubai permits individuals or groups to practice a service-based profession. It is for specialists whose work relies on intellectual or artistic talent. This license allows 100% foreign ownership for a business on the Dubai mainland. It is ideal for consultants, doctors, artisans, and similar professionals. Get a Professional License in Dubai … Read more
Auditing plays a crucial role of checking and verifying accounts of companies to ensure compliance with the accounting and financial reporting standards. The Audit Requirements in UAE differs depending on whether the company is operating in the mainland or in any free zone. This article will explain each and every aspect of audit requirements for … Read more