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 MoreIn 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 MoreAs 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 MoreRisk 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 MoreWe 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 MoreEvery business is vulnerable to fraud. That’s largely because there are so many different kinds of fraud that you don’t think will take place. Globally, organizations lose an estimated 5% of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners. It’s an employer’s worst nightmare, an employee is dissatisfied with...
Read MoreZoho Books is a very user-friendly app that will help you manage your everyday business finance needs efficiently and effectively. This is a little guide on how to migrate from wave to zoho without any complication. This conversion process is for the current customers of Wave who wish to move to Zoho Books outside the...
Read MoreAs you start your journey as an Entrepreneur, there will be a lot of challenges that you face. The first three years are the most challenging ones. To help you with this Roller Coaster of a journey of Entrepreneurship, here are 5 important things you should know: It is not about spending a lot...
Read MoreDubai has one of the most famously dynamic economies in the world. As a rapidly modernizing economy, Dubai is in demand of skilled workers who can quickly produce contract work. Freelancing is becoming more common in the Dubai especially with the younger generation. So if you’d like to settle in and live in Dubai for a...
Read MoreWhen you have a meeting with your accountant, most of you may have a problem of understanding the accounting language, he/she speaks. They might tell you that your accruals are higher in the last fiscal year. What does he mean by that? If you have the same thought process, fear not, you are not alone...
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