To initiate the process of company liquidation and ensure a comprehensive liquidation report, the following prerequisites must be meticulously compiled: Updated Know Your Customer (KYC): – Thoroughly updated KYC…
Sharjah Research, Technology, and Innovation Park Free Zone
Introduction to Sharjah Research, Technology, and Innovation Park Free Zone The Sharjah Research Technology and Innovation Park Free Zone (SRTI Park) established in 2016 by the royal decree of His…
Spectrum Auditing: Pioneers of Professional Services
Spectrum Auditing, a distinguished firm headquartered in the UAE since its establishment in 2015, has earned its reputation as a global leader in the realm of professional services. With a…
Dubai Unveils Innovative ‘Unified License’ to Revolutionize the Business Environment
In a groundbreaking move to enhance business operations and foster a more business-friendly environment, Dubai’s Department of Economy and Tourism (DET) has introduced the ‘Dubai Unified License’ (DUL). This innovative…
Exploring Offshore Company Establishment in the UAE: A Comprehensive Guide
Introduction: The United Arab Emirates (UAE) has become a global hub for commerce and trade, thanks to its strategic location, top-notch infrastructure, and favorable regulations. Many entrepreneurs and investors worldwide…
Economic Zones World (EZW) Free Zone
The Economic Zones World (EZW) Free Zone, operating under the Dubai World Group, is dedicated to owning, managing, operating, and developing free trade zones and industrial parks. Established in 2006,…
Best Practices for Building a Secure Financial Future
In an ever-changing and uncertain economic landscape, ensuring a safe and secure financial future has become a top priority for individuals and families. By adopting best practices and implementing smart…
RAK Digital Assets Oasis
Dubai introduced Virtual Assets and Related Activities (VARA) and now Ras Al Khaimah has come with RAK Digital Assets Oasis (RAKDAO) to help make it a mark in the world…
Electronic Commerce Supplies by Qualifying Registrants
From 1 July 2023, Qualifying Registrants are required to report supplies made through e-commerce in box 1 of the VAT Return based on the Emirate in which the supplies of…
Record Keeping Conditions for Electronic Commerce Supplies Made in UAE
The UAE Ministry of Finance today issued a Ministerial Decision on the criteria and conditions for electronic commerce for record keeping of the supplies made, introducing for some taxable persons…
Virtual Assets and Related Activities Regulations 2023
Dubai Government has released a new law on Virtual Assets and Related Activities (VARA). The Regulations set out a comprehensive Virtual Asset (VA) Framework built on principles of economic sustainability…
The Biggest Challenges Faced By UAE Auditors: A blog about the challenges that auditors face.
Due to the tight business rules in Dubai, every organization is serious about audits and frequently have its businesses audited. Auditing is essential for firms in Dubai to remain financially…