Dubai is a fast-growing city. It offers numerous opportunities for businesses to thrive. Sometimes, companies may need to cancel their trade licenses for various reasons. If you are in the process of restructuring, relocating, or even shutting down your business, it is essential to understand the steps involved in canceling your trade license in Dubai. … 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
Many people ignore Fujairah, preferring Dubai or Abu Dhabi, but entrepreneurs know it has many benefits. Its position along the seaside and welcoming business policies are helping Fujairah become a hidden source of new companies in the UAE. Getting your trade license is the primary (and most crucial) thing you must do if you’re starting … Read more
Companies registered in the Dubai Multi Commodities Centre (DMCC) must submit audited financial statements annually. For entities with a financial year ending on 31 December 2024, the final submission deadline is 30 June 2025. Meeting this requirement is essential for maintaining good standing, avoiding significant penalties, and ensuring your trade license can be renewed. Enquire … Read more
In the UAE, special provisions exist for the oil and gas industry, offering specific exemptions from corporate taxation, along with the criteria that must be met to qualify for such exemptions. This article details a thorough overview of the UAE Corporate Tax, particularly in relation to the oil and gas sector. Does corporate tax apply … Read more