Accounting in Dubai: Red Flags Every Business Owner Should Know
Over the years, Dubai has transformed from a local trade centre to a global financial giant. The new law of VAT that came into effect in 2018 and the recent one for Corporate Tax in 2023 have significantly increased the complexity of the regulatory environment. The financial transparency for business owners now cannot be treated as a "best practice" but rather a necessity to avoid legal implications. Notably, the demand for financial services has increased, and with it, the number of service providers. But the quality-of-service provider varies. To safeguard your investment, it is essential to know how to tell a strategic financial partner apart from a liability. No matter the stage of your business, whether it is a startup or an established enterprise, the selection of the Best Accounting Firm in Dubai is not merely a matter of book-keeping, but it is a question of risk management. These are the major warning signs that every UAE business owner should monitor carefull...