In compliance with the private companies’ regulations 2016, all FZLLCs and branch offices are required to prepare and submit their Audited Financial Statement and Annual Return each financial year. Before all companies registered with DDA were required to prepare the report but not to submit it. Now companies are expected to submit their most recent...
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Red Flags often ignored by business owners: Business owners make every effort to make their business successful and deliver the desired profit levels. Being overwhelmed with day-to-day activities, business owners often miss out on red flags of underperformance. By identifying the issues earlier, it is easier to implement corrective actions. It becomes increasingly difficult and...
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UAE is a country that attracts businesses from all around the world and one of the main reasons for that was tax free environment in the country. UAE was known as a tax-free commerce hub. But now it has been announced by the Ministry of Finance that UAE will be introducing a federal corporate tax...
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Hello there this is Sudeshna helping you find and achieve Goals. Today we will be talking about step one out of five steps towards Goal setting. Every New Year comes with a New Year Resolution. Goals to achieve big dreams or maybe a short-term goal but very soon we find the goals lay forgotten and...
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Hello there, this is Sudeshna, a “Business Visionary Coach” helping you to reach your goals and your true potential. We are almost at the end of 2021 and 2022 is knocking at the door. It is the right time to act, to set up your goal for 2022. Let’s aim for the sky, choose a...
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One of the biggest challenges for a business is managing cash flow in the business. If you ever face a cash flow shortage that means more money is flowing out of the business than flowing in to the business. Therefore, a business should be ready to take necessary steps to avoid any crisis that may...
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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...
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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...
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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...
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We are in a period where sustainability is very crucial to the world. With the covid 19 pandemic everyone is talking about how we should get ahead after this pandemic and we constantly hear the word, ‘new normal”. According to the experts, post-pandemic, we need to build back better, and sustainability will be the key...
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