July 25, 2022 / Other
Variable Capital requirements introduced by DFSA
Definition When we think of money, stored value means anything that is not cash, but one can still use it to transfer value – checks, debit cards, gift cards, and ... Read more
June 14, 2022 / Tax
UAE Corporate Tax Update – Impact on Free Zone businesses
On 31 January 2022, the Ministry of Finance (MOF) announced that the United Arab Emirates (UAE) will introduce a Federal Corporate Tax (CT) on business profits effective for financial years ... Read more
May 19, 2022 / Tax
UAE Corporate Tax Update — Stop and Rethink on the decision to Tax Group under the UAE Corporate Tax
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01 ... Read more
May 6, 2022 / Tax
UAE ESR Update: ESR Audit — What Process?
With the issuance of the new Cabinet Resolution No. 57 of 2020 concerning Economic Substance Requirements (“Regulations”) on 10 August 2020, the Federal Tax Authority (“the FTA”) was appointed as ... Read more
March 31, 2022 / HR Consulting & Advisory
Newsflash: If a UAE SME lets its financial control become ‘financial out-of-control’, the risks can be existential
In a long career in finance and accounting, I reckon I’ve pretty much seen it all…. and, frankly, some of it was not very pretty! For every role where my ... Read more
March 17, 2022 / HR Consulting & Advisory
Newsflash: Integrating Strategy, Business Plans and Budgets
In the UAE, as in other countries, businesses too often prepare a budget without first giving due consideration to strategy and medium-term business planning. This is particularly the case for ... Read more
February 24, 2022 / HR Consulting & Advisory
Newsflash: The Benefits to a UAE SME of a Non-Executive Director with a Financial Background
Although non-executive directors (NEDs) are only a legal requirement in the United Arab Emirates for joint stock companies (JSCs), they can be of significant benefit to small and medium-sized enterprises ... Read more
February 17, 2022 / HR Consulting & Advisory
Newsflash: Freeing-up UAE entrepreneurs to concentrate on business-critical activities
Like their counterparts in other parts of the world, UAE business leaders are constantly striving to maintain focus on revenue-earning and business-critical activities. Yet many are distracted and deflected from ... Read more
February 10, 2022 / HR Consulting & Advisory
Newsflash: A UAE start-up’s need for CFO Support
UAE government measures which have removed much of the red tape that previously hampered start-ups and which now allow 100 percent foreign ownership of companies have created an ideal incubator ... Read more
February 4, 2022 / Other
Newsflash: Liquidation process for UAE registered entities — An overall view
Liquidation is the process by which a company as separate legal person is brought to an end of its life through a formal process specified by the related jurisdiction. All the assets of ... Read more