Blogs

Amendment in administrative penalties –UAE VAT The Federal Tax Authority (FTA) has announced a reduction in penalties for businesses to file accurate tax returns by June 28, 2021. The UAE Cabinet issued Resolution 49/2021 to amen...

Go for an appeal if the penalty on ESR is raised. Did you successfully submit the Economic Substance Notification & Economic Substance Report of your company to the Ministry of Finance? Did you get any response from the a...

Beneficial Owner Procedures / UBO – Adhering the Deadlines Beneficial Owner Procedures Regulation commonly known as UBO was introduced in the UAE vide Cabinet Decision No. 58 of 2020, on 24 August 2020. Beneficial Owner Procedure...

SAIF Zone Approved Auditor(Sharjah International Airport Free Zone Auditors)  Sharjah Airport International Free zone is also known as SAIF Zone runs attractive business facilities in the region, which includes the swiftness and s...

Free Zone License in Sharjah Media City (SHAMS) Shams Freezone License is a permit that allows a company to operate within Sharjah Media City (Shams) under specific business activities. We can assist you with all aspects of your F...

Auditing Firm in JAFZA-  Jebel Ali Free Zone Authority (JAFZA)  is one among the oldest free zones in the United Arab Emirates (UAE) catering to the needs of thousands of the business and supporting UAE’s objectives of...

New FDI Regulation allowing 100% ownership   It is anticipated that the new Foreign Direct Investment (FDI) Regulations would prompt an “unprecedented explosion” of foreign investments in the UAE. The Forei...

VAT in GCC Countries-Taxation in GCC Although taxation has a long history in the world, it played a relatively minor role in the Gulf Region until 2015. The Countries of the Gulf Region are colloquially known as GCC Countries....

Company Formation in Abu Dhabi Mainland Business set up in Abu Dhabi is progressed through the Department of Economic Development, with a recognized approach from the Abu Dhabi Chamber of Commerce & Industry. It is a legal body whi...

UAE Federal Court Verdict on Voluntary Disclosure Form Penalties Federal Court Verdict: October of 2020 was rather a significant month for the tax registrants of the country as FTA rolled out multiple clarifications an...