Tax residency is an important concept for individuals and businesses that operate across multiple countries. It determines where an entity is considered to be a tax resident and therefore where they are liable to pay taxes. In the United Arab Emirates (UAE), a tax residency certificate (TRC) is issued by the Federal Tax Authority (FTA) … Read more
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.
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
Let us have a look on women in management according to the researchers. In today’s world women tend to enter for the labour market and it is reported numerous benefits of being female. According to research, it has been argued that women in certain situations adopt appropriate behaviours and roles adapted to the context in … 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
We all come into business to earn money. Our primary goal, when starting a business is scaling up and providing job opportunities to the world and fulfill our personal goals yet, if we were to really think about it, we would notice that in reality, it all boils down to money. We work hard, we … Read more
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 … Read more
In the early stage of your business, it is not necessary to have an accountant in your business. Many business owners are capable enough to move forward without an accountant up to certain point. If you can handle a basic accounting software and have some knowledge about taxes you will be good to go in … Read more
Being a business owner does not necessarily make you understand the accounting. You did not start your business to be an accountant of course. But having understanding about the basic accounting will be an advantage for you to make informative and accurate decisions about your business. In the long run it will help you to … Read more
Business valuation is the process & procedures used to establish the economic value of a business. There are multiple reasons for the requirement of business valuation. The major reasons for business valuation are: Establish the price of the business in order to sale it due to retirement, health etc. Requirement for funds to expand the … Read more
