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
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
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
Businesses operating in the Dubai Multi Commodities Centre (DMCC) Free Zone must comply with certain regulatory requirements, such as an annual audit of their financial statements. With the DMCC audit deadline for 2025 fast approaching, companies need to find out what needs to be done, when to submit their audits, and which procedures to undertake … 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
Dubai is a global business hub that offers numerous opportunities for companies aiming to expand their businesses in the UAE. However, to prevent unfair competition and protect consumers, the UAE has enacted various laws that every company has to follow. One of the key requirements is product registration. In Dubai, product registration is a legal … Read more