Blogs
As the year draws to a close, businesses in Dubai face a crucial deadline – the Economic Substance Regulation (ESR) Reporting Due Date on 31st Dec 2023. Dec 19, 2023

Economic Substance Regulation (ESR) Reporting Due Date Reminder – 31st Dec 2023 in Dubai

Understanding the nuances of ESR is essential for licensees to avoid penalties and ensure seamless compliance.

A ground-breaking development has emerged in the UAE, where a new Bankruptcy Law is set to redefine the dynamics between debtors and creditors, fostering economic vitality. Dec 13, 2023

Exciting News in the UAE Business Landscape!

Expected to take effect on May 1, 2024, this law aims to strike a delicate balance between creditors' rights and debtors' control over business operations, all under the court's careful supervision. 

Since 2018 FTA has been conducting regular tax audits across UAE in all sectors and now it is expected to increase more in the coming period. Sep 06, 2022

How should businesses be ready for VAT audit by FTA?

 The issues or non-compliances reported in previous audits will be referenced to them in identifying the errors in similar entities or industries.

For a good reason audit firms are regarded as the gatekeepers to a company’s reputation. They uphold corporate governance while assisting shareholders and other company’s parties. Jul 25, 2022

How to achieve a successful annual audit for your company

Auditors have to deal with financial restrictions. Taking time to aid auditors with all the information they need will be beneficial for you and will make a smooth operation audit process

Trade finance is the financial instrument technique that is applied by business organizations for business and trading. It includes the financial instruments which the financial institutions use to do business transactions on a day-to-day basis. Jul 20, 2022

Types of trade finance options UAE businesses must be aware of

Businesses that trade internationally find it critical to avail themselves of accounting firms to help mitigate the key risks involved. Even if you have a confirmed order for products, banks may still be reluctant to provide a loan for such types of transactions. Businesses in such a situation take help from trade finance companies
A bank guarantee is a commitment made to the beneficiary by a commercial bank that, in the event that the major debtor is unable to uphold the terms of the agreement, will take over responsibility for them. Jul 13, 2022

Things Business owners should know about Bank Guarantee in the UAE

However, most businesses may find the process of obtaining a guarantee complex for which they can use the services of corporate finance firms in Dubai. Meanwhile, this blog will help business owners to find useful insights into the use of bank guarantees in the UAE.