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HOW TO START A BUSINESS IN DUBAI MAINLAND

Dubai is considered as the business city of the Middle East and the city is equipped with world-class infrastructure. It is also known as the ‘City of Gold’ and provides many business opportunities for the businesses. There is economic upsurge and investor-friendly government in Dubai so it is very much…
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WHY BOOKKEEPING IS VERY MUCH IMPORTANT FOR YOUR BUSINESS?

Bookkeeping is very equally essential for your business as your day-to-day business activities. Maintaining financial records is an important aspect of business that helps in developing strategies for your business. In this blog, we will let you know the reasons why Bookkeeping is important for your business: Developing strategies for…
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BENEFITS OF HIRING AN ACCOUNTING FIRM

Accountants are the specialists which will provide you help on ways to use your assets to get the best out of them. Business owners are good in their business but they may not be good at accounting or legal matters. Thus, they should take help of accountants because accountants have…
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How Auditing can be useful for Your Business in Dubai

An Audit is the inspection or checking books of accounts of your business. An Audit helps you to know whether or not your company finances are an accurate representation of your business. This type of audit is termed as a business audit; in business audit, you hire an independent auditor…
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How to Avoid Bankruptcy in Dubai

When anyone starts their business, their dream is to make business successful and continue it till long period of time, so it is very important to avoid bankruptcy. For this you should not only have good products or services or having good sales, but you have to keep your books…
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Relaxations In IFRS 9 Gives More Flexibility To UAE Banks

The Central Bank of UAE has issued a statement in which it has introduced a new requirement for all banks to apply anInternational Financial Reporting Standards 9’s (IFRS 9) expected credit loss (ECL) provisions to decrease provision necessities. Prudential filter aims to minimize the effects of IFRS 9 provisions on…
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Economic Substance Regulations

As a committed member of OECD inclusive framework, and in response to the UAE’s tax framework by the European Union (EU) Code of Conduct Group on Business Taxation, the UAE introduced a resolution on the Economic Substance on 30th April, 2019. Guidance that provides further clarity on the application of…
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DMCC Removes Trade Barriers For Its Member Companies

In Dubai, there are several free zones that provide particular locations for the establishment and operations of various industries, they also assist them in the growth & development of their business. One of the most significant free zones is the Dubai Multi Commodities Centre (DMCC). DMCC provides many advantages and…
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Disruption In Financial Statements

Disruption….Disruption….Disruption that’s what we are hearing from the past few months. Disruption on human lives, Disruptionin development, disruption in economies and for businesses disruption in financial statements. For now Let’s focus on problems faced by the business houses and how it is disrupting financial statements of the companies. Coronavirus today…
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