Services

Accounting is the financial backbone of any business. In the world of accounts, bookkeeping can be regarded as the initial foundation whereas accounting is the building that stands on the support made by bookkeeping. It is referred to as one of the strongest pillars that hold the stability of a company and allows a company […]

AUDIT An audit is a routine check of records and/or procedures performed by the certified auditors who are not part of the company to be audited. It helps both the company and government to check accounting documents. An audit can be conducted voluntarily or non-voluntarily by the outsider. The audit is prepared to check the […]

VAT refers to Value Added Tax. VAT is a tax on the transactions of goods and services, applied at each stage of the supply chain and is based on the value-added at each stage. It has been considered as a mandated consumption tax on goods and services. VAT in the UAE Value Added Tax (VAT) […]

Company liquidation is the process of closing down a company. When the company operation ends, usually the organizational assets are distributed to creditors and shareholders, based on their priority of claims. In general, the person who conducts the overall liquidation process is called a Liquidator. A Liquidator is appointed by the court or the shareholders […]

New regulations have been issued in Cabinet Decision No. 57 of 2020 concerning Economic Substance Requirements (“Decision 57”) and Ministerial Decision No 100 of 2020 (“Ministerial Decision 100”).  It has been introduced as a legal requirement for all UAE entities to locally maintain ‘economic substance’ in line with the level and type of activity they undertake. Which Entities […]

What is the National In-Country Value (ICV) Certification program and the newly introduced unified ICV Program? The National In-Country Value Program (ICV) aims to enable the Ministry of Industry and Advanced Technology to improve the performance and sustainability of the industrial sector, by increasing the contribution of local industries and supporting local companies and their […]