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Showing posts from December, 2024

From Employee to Entrepreneur: Start Your Business in the UAE

Dubai’s globalized economy is the power house of entrepreneurs for matching the connectivity with the international market hub. With the business friendly environment, Dubai is a perfect place to start a business with the help of best business setup consultants in UAE . This place serves as a thriving hub for the finances, trade and innovation for the startups and the enterprises seeking scale globally.   Benefits of Starting a Business in the UAE   The benefits of starting a new business setup in UAE , Dubai Includes:   l   Quick Business Setup   The government of UAE always supports the new entrepreneurs with the streamlined process to register their business, licensing and application of Visa especially with in the free zones.   l   Tax Advantages   The UAE government offers a zero corporate and personal policy for most business activities and business in Dubai’s free zones are completely exempted from import or export duties, 100...

A Guide to Choosing The Best Audit Firm in 2025 in UAE

Choosing the best audit firm from the accounting companies in UAE needs certain considerations and requirements to be performed for a business domain. With the following guide, you can take the firm decision to select the best accounting firm in Abu Dhabi in 2025.   l   Identify your requirements   There is availability of numerous accounting and bookkeeping companies in UAE , for selecting the best one always identify the type of audit you are in need of as - financial, forensic, compliance or internal audit. Evaluate the workings of the audit firms who have expertise with in your industry, so as to analyse the scaling of the audit firm to handle with the complexities of a firm.   l   Assess with Regulatory Compliance   Take a research in evaluating the assess of the accounting companies in UAE , whether they are expertise in UAE Vat laws, Corporate tax or in the Excise tax. Always ensure that the firm follows International Financial Report...

Corporate Finance in UAE: An Essential Guide to Trust Receipts

  As Dubai is emerging as a trading hub in the world for new business setup,so corporate finance services in Dubai are facilitating numerous methods of finances including Trust receipts. Trust receipt is a financial instrument of trade and corporate financing services in UAE to manage working capital and smooth flow of goods and services too. How trust receipts work in UAE? Trust receipt is a financial document that becomes necessary when a trader is in need of funding requirements from the banks. In such a circumstance the buyer imports the goods from the supplier and bank issues a Letter of Credit to the supplier for ensuring the payment upon the receipt of the required documents. After this bank settles the payment with the supplier. This is when the Trust Receipt agreement is generated and buyer takes the possession of the goods. After the selling of goods, the buyer repays the bank with in the specified period and hence the bank relinquishes its claim. Consult with the ...