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 […]
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 ‘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 […]
Companies are on a constant pursuit of growing the business through increase in sales and profit. As proven by many successful companies, growth has always been backed up with strategies and a practical execution plan. However, choosing a strategy is way more complex than picking a goal and planning a roadmap. An appropriate strategy is […]
Foreign investors now have a change to get longer visas with the new reform initiated by the government of the UAE last year. Investors who are willing to invest in real estate with a minimum investment of Dh5 million can now get a 5-year visa to stay in the emirates. Although the financial return of […]
