According to the OECD guideline, a resident person shall have to pay taxes in his resident country based on the world income, while a non-resident person only needs to pay taxes in a contracting state based on the income derived from that state. According to this principle a resident person have to pay taxes twice … Read more
Financial audits are independent investigations into the records, processes, and statements of a company concerning their accuracy in line with accounting standards. It reviews whether the financial information presented concerning the company is presented fairly and according to the applicable Financial reporting standard. Laws Governing Audit in UAE The following regulations govern audits in UAE: … Read more
The UAE is swiftly becoming a global hub for the development of Artificial Intelligence (AI) innovations. With strategies like the UAE National AI Strategy 2031, which aims to integrate AI across sectors, the country is positioning itself as a premier AI hub. Nevertheless, it is sometimes difficult to raise funds for a company, especially for … Read more
In the United Arab Emirates (UAE), the goAML platform facilitates the seamless processing, analysis, and sharing of Suspicious Transaction Reports (STRs). Developed by the UNODC, goAML is an advanced software solution designed to combat global challenges related to money laundering. The UAE was among the earliest adopters of the goAML system in the Gulf region, … Read more
There are many advantages of having an offshore incorporation in the United Arab Emirates (UAE), including, ideal asset protection, complete foreign ownership, and tax exemptions. To seamlessly meet offshore company formation requirements and ensure compliance with relevant laws in the UAE, it is advisable to seek the expert services of reputable Business Consultants in UAE … Read more
Due to this reason, it offers a good environment for companies, investors, and businessmen in terms of low taxes, non-disclosure and ease of operation, United Arab Emirates (UAE) has emerged as a leading economic player in the world. RAK Offshore and JAFZA Offshore are among the most popular of the many options that individuals have … Read more