The upcoming Expo 2020 brings forth massive opportunities for businesses – big and small. It could lead to significant investment in the region through people and investors moving or expanding their businesses here when done right. If you are growing a business in the UAE, many will agree that this world event will boost your […]
It is no secret that millions of people are anticipating the upcoming EXPO 2020 in the Middle East. This is the most diverse and inclusive Expo to be organized welcoming all countries in the world. According to Vicente G. Loscertales, secretary-general of the BIE (Bureau International des Expositions), by inviting all countries of the world […]
Bringing VAT to the Emirates has not only stirred up many companies but also resulted to many organizations crossing government regulations and VAT laws in the UAE. Aside from not having to deal with it for so many years, there are a lot of details and basic do’s and don’ts of VAT are not followed. […]
VAT De-registration is a process where in the registered firm applies for cancellation of its registration. VAT De-registration is required when any taxable business no more exists or no more requires registration. De-registration of VAT means de-activation of the registration and the VAT number of the firm. Whenever a business stops trading or no longer […]
The Federal Tax Authority (FTA) has conducted several initiatives to help businesses in the UAE adapt to the implemented VAT. With VAT being in effect in the UAE for more a year and a half now, many businesses were able to successfully incorporate a system. However, it is inevitable for some, especially new entities, to […]
After a year of implementation, many companies in the UAE have smoothly adjusted to the existence of tax along the running of businesses. However, many are still adjusting and adapting the new system in their businesses and the need for proper tax accounting in the UAE – commonly for new entities. VAT is not a […]
Although many companies have adjusted into the VAT system in the UAE one year after implementation, it is not the same for new established entities. Several questions are raised about the Value Added Tax and when a company should register for it. Is it better to voluntarily register for VAT to avoid penalties? When should […]
Companies under DMCC Free Zone no longer have to provide their employees with a 3-year mandatory employment residence visa. From 22nd of May 2019, 1, 2, and 3 year visas will be available for companies to offer their employees. This gives companies greater flexibility and managing the workforce. With this, companies can the now align […]
Although ‘sales’, ‘revenue’, and ‘income’ are highly related terms, they have different meanings. These are to be carefully noted to strike a balance of your business’ needs as you do the business strategic planning. Here are strategies for businesses who aim to increase their ‘Sales and Revenue’. DIVERSIFY OFFERINGS If you’re not a new company, […]
Every business market has its ups and downs. It’s the other side of the coin that has always been half of the risk when building and running a business. The GCC has been a growing business hub yet, at the same time, we have seen businesses rising, succeeding, stagnating, and failing. The competitive market can […]
