The Dubai Silicon Oasis Free Zone is a significant economic Free Zone that promotes advanced technology-based industries. As part of the Dubai Silicon Oasis Free Zone’s commitment to ensure the highest standards of corporate governance, all companies operating in the Free Zone are required to have their financial statements audited by approved Audit Firms in … Read more
In 2008, the buzz-generating decentralized digital currency ecosystem known as Bitcoin was first introduced, using blockchain as its foundational technology. The attractiveness of this technology is found in its use of cryptography and peer-to-peer network technology. This innovative technology is already starting to have a major impact on a wide range of industries, and the … Read more
Companies are required to preserve their books of account for at least five years after the end of each fiscal year under the UAE Federal Law on Commercial Companies. Legal action can be taken against a firm operating in the UAE with books that are determined to be inaccurate, or if a company fails to … Read more
UAE proceeds to draw hundreds of experts each year who are looking for stimulating employment possibilities. The UAE government has put out several progressive and refined actions to solidify the UAE’s role as a top location for relocating, laboring, and investing. This includes the creation of a creative locale in Dubai, the “Project of the … Read more
The employee benefit plan is a compensation or pension plan granted by an organization to its employees. The Employee Retirement Income Security Act (ERISA) mandates that every employee benefit plan be audited in order to establish credibility and ensure compliance with applicable laws and regulations. The audit process for EBP financial statements can be quite … Read more
The UAE Cabinet of Ministers issued Resolution No. (82) of 2022, regarding the procedure for recovering the input VAT borne on the construction and operation of Mosques. This resolution is said to take effect 60 days after the date of its publication. The UAE has adopted another category of refund that will provide financial support … Read more
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