The new contribution to taxation in the UAE is VAT. It was placed into action on 1 January 2018. It is of interest in the current state that a corporation is registered in the UAE for VAT in order to be eligible to charge VAT to consumers. After the VAT registration procedure is complete, a…
What could be better than owning a small business? You get to make important business decisions but without the pressure of running a gigantic corporation. You get to lead a few employees with benevolence and wisdom. You get to panic come tax time when you realize that what the government is asking for is more…
Pest control business has the ability to provide you with a decent profit, but it is not for the cowardly, as rodents, rats, roaches, termites, and what not are ought to be dealt with to ensure the well-being of the occupants. In a place like Dubai, where the government and people place the safety of…
The UAE has introduced new rules for private companies incorporated in the country in its attempt to develop into a highly transparent and sustainable economy. Recently, the Economic Substance Laws have significantly changed the company set-up in Dubai and now businesses are expected to conform with the new Ultimate Beneficial Ownership law. Cabinet Resolution No.…
COVID-19 has already triggered wide-scale damage, both locally and internationally, to many sectors. Although attempts are underway to avoid the spread and effects of COVID-19, for several months to come, the financial and social effects of the virus will be felt. As firms come to grips with operating from home and the new world in…
Businesses in the UAE and Israel have been taking full advantage of a historic deal between the two countries signed in mid of August, as previously untapped markets become open for business. The news has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance,…