Author name: RM112

Need to know some key points of New UAE VAT Law-2023

[vc_row][vc_column][vc_column_text]The implementation of new VAT laws in Dubai in 2023 is expected to be a significant milestone, following the successful completion of a five-year period of VAT implementation in the city. These laws have been developed based on the challenges and experiences of the business community in Dubai, and are intended to provide a clearer […]

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A Complete Guide to Company Liquidation Services in UAE

[vc_row][vc_column][vc_column_text] The UAE is a thriving business region with numerous business hubs and free zones that encourage commercial activity. Companies and investors from around the world come here to establish businesses and pursue opportunities. New businesses are constantly being formed in such an advantageous location. A company’s survival and success are determined by a variety

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How Outsourcing Accounting is Beneficial for Small business

[vc_row][vc_column][vc_column_text] There is a saying “Behind every successful business, there is a good accountant as a good financial report gives the right insight about the business”. Accounting plays a crucial role in running every business successfully. Dubai being a commercial hub hosting a large number of international and local businesses, outsourcing accounting in Dubai is

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EmaraTax – The UAE Federal Tax Authority to launch a New Integrated Platform

[vc_row][vc_column][vc_column_text] The UAE’s Federal Tax Authority announced earlier this month that a new integrated platform will be launched later this year after extensive and intensive assessment and development. The FTA’s intention behind the platform is to centralize access to its services, pay the taxes and obtain refunds thus ensuring effective tax compliance. The new platform

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Real Estate Activity Report (REAR) filing in UAE

[vc_row][vc_column][vc_column_text] Real Estate Activity Report (REAR) submission by real estate brokers and agents and law firms as per Circular Number: 05/2022 issued by the Ministry of Economy (MOE), UAE [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1665133071749{margin-right: 15px !important;margin-left: 15px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}”] Ministry of Economy has recently issued a Circular (No.

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How to Get an ICV Certificate in UAE?

[vc_row][vc_column][vc_column_text] What is an ICV certificate? The In-Country Value Certification (ICV) was first introduced in Abu Dhabi in 2018 by the Abu Dhabi National Oil Company, ADNOC to promote Emiratization, GDP diversification, and strategic considerations. By 2021, ICV certification process was broadened as a National In Country Value program for suppliers across UAE.  The National

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DDA Audit report

[vc_row][vc_column][vc_column_text] In compliance with the Private Companies Regulations of 2016, FZLLCs and branch offices are required to submit their most recent Audited Financial Statement along with the summary sheet (as per the DDA template) by or before 30th November, 2022 or the due date as mentioned in their AXS portal. Thereafter, all companies are required

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