Spain to UAE Business Relocation: Tax Benefits, Setup Process & Key Insights
Spain to UAE business relocation has become a serious strategy for Spanish founders, consultants, digital businesses, and SME owners who want more tax efficiency, easier cross-border operations, and a stronger base for global growth. The opportunity is real. So is the risk—especially if your Spain UAE tax residency position is not handled correctly, or if […]
Small Business Relief
Small Business Relief: Zero Tax for Qualifying SMEs Take advantage of UAE’s Small Business Relief program — businesses with annual revenue up to AED 3 million may pay 0% corporate tax for eligible tax periods. We guide you through eligibility, election, and filing so you benefit while staying fully compliant. Contact Us Understanding Corporate Tax […]
Economic Substance Regulations
Intoduction As a part of international tax planning, companies especially multinational groups tend to shift profit from high corporate tax jurisdictions to low tax jurisdictions to maximize overall group profit. UAE has no corporate income tax and has very low rate for VAT i.e. 5%. This makes UAE a favorable profit shifting destination for multinationals.UAE […]
Importance of Internal Audit for SMEs
Intoduction To understand the importance of internal audit, it is important first to differentiate between internal audit and external audit. Generally, there are two main types of audit i.e. external audit and Internal audit. For majority of people who are not from financial background, the word audit implies only external audit i.e. audit of year-end […]
VAT in UAE – Time of Supply
Intoduction It has been experienced that businesses acting as indirect tax collectors on behalf of the statutory bodies are often confused in determining when is the time for payment of the VAT to the Federal Tax Authority (FTA). For example: 1. At the time when the invoice against the service is raised or 2. At […]
How To Pivot Bookkeeping and Accounting Operations? Coping Post Pandemic
Intoduction The widespread of coronavirus around the globe has significantly impacted the economy and almost all the business sectors resulting in a temporary decline in revenues. The businesses that do not cater to this situation are likely to put themselves at risk. But we all know the fact that whenever there is change, there is […]
10 Essential Bookkeeping Tips for Small Businesses in Dubai
Effective bookkeeping is the backbone of any successful business. For small businesses in Dubai, managing finances accurately is crucial to ensure compliance with local regulations and to maintain a healthy cash flow. In this post, we’ll provide 10 essential bookkeeping tips tailored specifically for small businesses in Dubai to help you stay on top of […]
Accounting Trends in Dubai
The accounting landscape in Dubai is continuously evolving, influenced by advancements in technology and changing business needs. As we look ahead to 2024, several trends are expected to shape the accounting industry, impacting how firms operate and deliver services. In this post, we’ll provide 10 examples of emerging accounting trends in Dubai for 2024 and […]
Understanding Corporate Tax in the UAE: What You Need to Know
Introduction: The United Arab Emirates (UAE) has long been a haven for investors and businesses, primarily due to its 0% tax rate. However, in December 2022, the UAE government announced a significant shift by introducing its first-ever corporate tax (CT) regime. This new tax structure, set at a 9% corporate tax rate, became effective for […]
What are the Benefits of Outsourcing Accounting Services in Dubai?
In the bustling business landscape of Dubai, efficient financial management is a cornerstone of success. Increasingly, businesses are turning to outsourcing accounting services as a strategic move to streamline operations and enhance profitability. This blog explores the significant advantages that outsourcing accounting services can offer businesses in Dubai. 1. Cost Efficiency Reduced Overhead Costs Outsourcing […]