Blogs

In the UAE VAT, the Reverse Charge Mechanism is applicable while importing goods or services from outside the GCC countries. Under this, the busine...

Re-Domiciliation” or “Transfer of Domicile” is possible in RAK ICC  Existing offshore companies registered in other jurisdictions can transfer their Domicile to RAKICC. “Re-domiciliation” or “Tr...

How VAT affects the companies in the UAE and who will bear the increased cost of 5% VAT?  The burden of VAT needs to be borne by someone – either the businesses or consumers or both. Th...

6 Steps the Businessmen Should Take Now for Implementing UAE VAT   STEP 1: Check whether your company needs to be registered for  VAT or not. Whether your current year turnover is more than AED 375,000...

Is Financial Audit Mandatory for SME companies registered in UAE? Is financial audit  mandatory or not in the UAE? Should the books of accoun...

Licence to practice majority of the activities are directly issued by the Department of Economic Development. However, certain activities require prior approval from the relevant Ministry/Department such as:  ...

DTCM is empowered to issue relevant legislations and instructions to govern tourism industry in Dubai. DTCM is responsible for issuance of all kind of tourism licences, classification of hotels, hotel apartments and guest houses. DTCM is further resp...

There are two main factors which are going to affect the loan interest rates in GCC banks in the year 2017. One is the impact of increase in...

A Limited Liability Company (LLC) is the most common form of business entity formed in Dubai for engaging in commercial activities. A limited liability company can be formed by a minim...

Once you have decided to form your company in the UAE, the number of choices can be daunting. As with all business essentials, it is imperative that your choice of business structure is determined by the exact requirements of the business. Given belo...