Corporate financial advisors work as a financial planner for your company. They help to set your goals and to give an overview of the finances of the company. With the help of these skilled professionals, it helps your company to make the right decision in the future. This covers many areas of money and also … Read more
Partnerships can be very complicated setups that can turn nasty pretty quickly if the correct measures and buffers are not put into place. Here are a few ways to limit the chances of partnership disagreements. The Written Agreement It is important to have an agreement in writing. Usually, the type of business agreement that can … Read more
A business can have different kinds of creditors: secured and unsecured. Both types of creditors have rights when a company goes under company liquidation in Dubai. Secured creditors enjoy a defined hierarchy in terms of repayment. This means they are allowed in getting repaid before other creditor groups. There’s a general assumption that a company’s … Read more
Following a number of suggestions made by the Financial Action Task Force (“FATF”), the UAE published the Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organizations (the “AML Law”) in October 2018. The AML Law has introduced a number of concepts that are aimed at developing … Read more
The Sale and Purchase Agreement is a legally binding contract outlining the agreed terms and conditions of the buyer and seller mentioned in the contract. This agreement provides the legal framework to complete the sale of a property. It essentially sets out the agreed elements of the property and also, includes a number of important … Read more
Article 1 of VAT Law No. 8 of 2017, defines consideration as all that is received or expected to be received in return for the provision of taxable supplies i.e., goods and services, whether in the form of money or any other payment. A tax payer may therefore receive consideration in the form of donations, … Read more
Debt can be a great threat to any business with many companies in the UAE finding themselves either liquidating their assets or undertaking rehabilitation. It is important to know that both kinds of bankruptcies have different implications to a business. Businesses in UAE are trying not to file for bankruptcy as the business climate in … Read more
The United Arab Emirates is among the fastest growing nations across the globe. Myriads of local and foreign businesses do their utmost in taking advantage of the talent pool the country offers. For years, more and more SMEs and large corporations see the UAE as an economic hub, providing a lucrative market not only for … Read more
In the UAE, a taxable entity registered for excise tax in UAE may cancel the registration if any of the conditions apply: If the taxable entity hasn’t carried out activities that require excise tax registration as per Article 6 of Excise Tax Laws for one year from the registration date or ceasing of relevant activities. … Read more
A company’s fixed assets are assets that are utilized for an extended period of time, including equipment, machinery, buildings, and land. Another characteristic of fixed assets is their physicality. Compared to many equities, they can’t easily be converted into cash. The substantial nature of fixed assets and the fact they can’t simply be spirited away … Read more
