Posts

Starting a Business in the UAE: How to Choose the Right Setup Consultants and Partners

Image
With its strategic location, tax incentives, and world-class infrastructure, a global magnet for ambitious entrepreneurs is the UAE. However, going through the regulatory landscape administered by different jurisdictions, such as Mainland, Free Zone, and Offshore, should be done with due expert advice. Who you entrust to handle your company formation, accounting, and compliance can make or break your venture.   The First Check has put together this guide to detail the key things involved with choosing the right business setup consultants in UAE and long-term financial partners so that your business is set up for success.   1. Vetting Your Business Setup Consultants in UAE The first, and possibly the most important, partner to have is the expert company formation. They will be the gatekeepers to trading licenses, VASAs, and corporate bank accounts, if the title must be specified. If efficiency and compliance are to be guaranteed, choosing a reputed business setup compa...
Post a Comment
Read more

Top Statutory Audit Firm and Compliance Auditing in Dubai

Image
  Selecting appropriate internal audit consultants in UAE which ensures financial transparency and compliance is much crucial in the Dubai’s dynamic business environment. There are several statutory auditing firms which offer compliance auditing in Dubai. These audits not only enhance a company’s credibility but also help in fraud prevention, risk management and informed decision making.  In this blog will get to know the significance of statutory audit firm in Dubai, tips to enhance business through compliance auditing and tailored solutions by the First Check Consultants which is audit and assurance consultant in UAE.   Significance of Statutory Audit Firm in Dubai   A statutory audit firm is mandatory for the evaluation of company’s financial records. So here you explore the significance of a statutory audit firm in Dubai.   l   Regulatory Compliance   With the help of audit and assurance consultants in UAE , businesses adhere wit...
Post a Comment
Location: Dubai - United Arab Emirates
Read more

Understanding Business Activities in UAE

Image
Business activity can be referred as any operation whether commercial, industrial or professional carried out by an entity with the intent of generating output.  It includes trading, manufacturing, services and other economic activities that require license from the regulatory authority . So a business set up consultant in UAE can help you out in the setting up of a business, licensing, and legal compliance and in proper strategic planning. For the smooth operation and growth of a business they provide expert guidance on Free Zone, Mainland or for the offshore businesses.   The aim of this blog is to provide comprehensive guide for operating business in UAE to ensure clarity and compliance.     Types of Business Activities in UAE   In UAE, business activities have been categorized as Commercial, Professional and Industrial activities. However Department of Economic Development (DED) has broadly categorized these activities including the specific...
Post a Comment
Location: Dubai - United Arab Emirates
Read more

Why to Choose the First Check Consultants for Accounting and Bookkeeping?

Image
  The Consultant firms in Dubai play a very crucial role for the business growth by implementing the proper financial management in compliance with the Dubai’s regulations and strategic growth. Within the Dubai’s dynamic economy companies are turning for outsourcing accounting and bookkeeping companies in UAE .  For the businesses of all sizes. The First Check Consultants is an audit firm in Abu Dhabi offering professional audit, accounting and related services that will definitely suits to every business need. Reasons for Choosing the First Check Consultants for the Accounting and Bookkeeping Services in Dubai If you want the best accounting and bookkeeping companies in UAE for the tailored services to meet your business needs, then The First Check Consultants can be the Best choice as the top audit firm in Abu Dhabi and for the hassle-free solutions for your business. Here are some of the key reasons to choose The First Check Consultants: l   Focus on Core Bus...
Post a Comment
Location: Dubai - United Arab Emirates
Read more

What Are The Mandatory Compliance Requirements In UAE?

Image
  Before entering into UAE market for starting a business, it is must to know the mandatory compliance requirements by the financial regulatory compliance services in UAE . This blog has curated a list of regulatory compliance to be followed in the UAE market.   l   Taxation in UAE   The Federal Taxation Authority of UAE has introduced Value Added Tax as effective from 1 st Jan, 2018. It is a mandatory tax for the businesses whose annual taxable revenue is above AED 375,000 must register for Vat while those businesses whose annual taxable revenue is above AED 187,500 can opt for voluntary registration. VAT is applicable on sales, file periodic Vat returns with FTA and claim input Vat on expenses. Exemptions from the VAT include sectors of health care and education.     l   Registration and Licensing   The mainland companies must be registered with the department of Economic Development and the offshore companies must be registe...
Post a Comment
Location: Dubai - United Arab Emirates
Read more