The UAE Ministry of Finance announced amendments to some provisions of the VAT will come into effect from 01st Jan 2023 (reference: Federal Decree-Law No. 8 of 2017 – Issued 23 Aug 2017 (Effective from 1 Jan 2018) Federal Decree-Law No. 18 of 2022. FTA Major Amendments “SINGIRI & CO. Provides VAT Registration, Refund, Accounting …
UAE VAT, FTA Amended VAT Law Will Come Into Effect From 1st January 2023 Read More »
UAE Federal Customs Authority Draws the customs policies and supervises the execution of customs-related laws and regulations. UAE customs offices are located at UAE Airports, seaports, and entry/exit points on the land borders. UAE Customs Rate 5% on the value of Goods plus cost of freight and insurance. Customs Rate 50% on Alcohol and 100% …
UAE Customs Goods Import / Export for Personal / Commercial Use Read More »
UAE Joined the inclusive framework on the BEPS (Base Erosion and Profit Shifting) program to become 116th jurisdiction to join this framework UAE committed to implementing the following four BEPS minimum standards: Action 5: Countering Harmful Tax Practices Action 6: Prevention of tax treaty abuse Action 13: Transfer Pricing documentation and country-by-country reporting Action 14: …
UAE Federal Law No 20 of 2018 on Anti Money Laundering (AML) was introduced in the UAE for combating the financing terrorism and illegal organization. The law enforced responsibilities on DNFBP to tackle Money Laundering. DNFBP includes Broker and Real Estate Agent, Dealers in Precious Metal and precious stones, Legal professionals, Independent accountants and provider …
UAE Federal Law No 20 of 2018 on Anti Money Laundering (AML) was introduced in the UAE for combating financing terrorism and illegal organization. The law enforced responsibilities on DNFBP to tackle Money Laundering. DNFBP includes Broker and Real Estate Agent, Dealers in Precious Metal and precious stones, Legal professionals, Independent accountants and provider of …
UAE’s ‘Golden Visa’ is a long-term residency visa that allows you to live, work, or study in Dubai, UAE. With this visa, you’ll be able to enjoy all the great benefits that come with living in one of the most vibrant and exciting cities in the world! Benefits of Dubai UAE Golden Visa Residence visa …
What is Cash Again Documents (CAD) Cash Against Document is a payment method where the exporter ships the goods and sends the document representing the ownership of the goods to the importer’s bank through the banking system and where the delivery of the document to the importer is subject to the payment of the document …
Cash Against Document (CAD) Process, Documents, Benefits & Disadvantages Read More »
Looking to start a freelance business in Dubai? This complete guide will show you how to get started, including information on finding clients, setting up your business, and more. Dubai is one of the major business centers in the world, with many businesses and individuals coming to Dubai to get ahead. If you are one …
How to Start a Freelance Business in Dubai, UAE (Complete Guide) Read More »
Starting a restaurant business in Dubai is a big business. Many people have tried and failed. If you want your restaurant to be a success then you have to have a plan. In this article, we’ll walk you through the steps of how to start a restaurant business, from crafting a menu to choosing the …
Want to start a Handyman Business in Dubai? Here are the details about the government license and other registration requirements for performing handyman services in Dubai. What is a Handyman Business? A Handyman business is a service company that provides minor home repairs and maintenance. Services typically include tasks such as painting, drywall repair, door …
How to Start a Handyman Business in Dubai, UAE (Complete Step by Step Guide) Read More »
