Dubai Financial Market (DFM) is governed and regulated by the UAE Securities and Commodities Authority (SCA) which has the authority to impose laws and standards which DFM must comply. Two main financial securities exchange markets operate in the UAE under the Securities and Commodities Authority (SCA): Abu Dhabi Securities Exchange Dubai Financial Market Both markets … Read more
Let’s have some general insights to the Federal Law No. (2) of 2015 on Commercial Companies with regards to the company formation. What is a company? According to the Law a company is a contract whereby two persons or more are obliged to contribute to an economic project aimed to make profit, through providing a … Read more
Dubai is a world-famous destination for tourism and many people visit Dubai for the sole purpose of Shopping. Were you aware that you could claim refund on Vat paid for purchases you made in UAE? Yes, you heard it right. If you are planning to go to Dubai for shopping, here is good news for … Read more
The International Financial Reporting Standards (IFRS) is an international accounting standard that was developed to make recording and organizing the accounting data of a company easier. IFRS allows for a fair representation of the accounting data of the company and also takes care that the business is compliant with the various rules and regulations of the country. … Read more
In UAE, according to the Federal Law No 2 of 2015 on Commercial Companies and the UAE VAT law and relevant free zone laws, it is mandatory for the companies to maintain the books of accounts for at least 5 years. Maintaining proper books of accounts is compulsory in the UAE and any violations will … Read more
Federal tax authority has relieved businesses by reducing penalties to facilitate them in filing an accurate tax returns by June 27, 2021. Cabinet Resolution No. (49) of 2021 revises administrative penalties imposed for violations of tax laws. Among the changes to the penalty regime are the following: The late-payment penalty has been revised to be … Read more
Around the world men tend to participate in labor markets more frequently than women According to the statistics, female labor force participation rate of the world is 47.66 per cent while the male labor force participation rate is 74.7 per cent Overall, the global gender gap in labor force participation stood at 27 per cent. … Read more
As today, 5th of June, we celebrate the World Environment Day it is important to fulfill our responsibility to the environment as well. So lets get some idea about the Environmentally preferable purchasing as a baby step to be more environmental in our businesses. Environmentally preferable purchasing [EPP] or responsible purchasing is a process which … Read more
Risk management is a process in which businesses identify, assess and treat risks that could potentially affect their business operations. Risk management is consisted with the identification, analysis, and response to risk factors that form part of the life of a business. Effective risk management means attempting to control future outcomes by acting proactively rather … Read more
Dubai is one of the famous places to start up a business in today’s world. Dubai benefits from a strategic location at the heart of the Middle East, perfectly placed to conduct business with every corner of the globe. Country’s state-of-the-art infrastructure make it one of the most prestigious business hubs in the world. UAE … Read more
