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How to understand the Comparable Uncontrolled Price (CUP) in UAE

One of the five primary transfer pricing techniques is the comparable uncontrolled price (CUP) method. It’s utilized to make sure that business dealings between connected companies cost about the same as those with unrelated businesses. Traditional transaction methods include the CUP technique. To maintain fair pricing everywhere, it examines the …

What is the new Golden Visa in UAE?

The golden visa was launched by the United Arab Emirates (UAE) in 2019 as a long-term residency scheme to grant professionals 10-year golden access. International investors and the best talent from around the world can obtain visas in Abu Dhabi under the UAE’s Golden Visa program. This covers professionals and …

VAT on transportation services in UAE

UAE or United Arab Emirates is a truly unique global place in this world where tradition and opulence go hand in hand, and that too sometimes synonymously. When opulence goes a long way in the UAE, its transportation services too must bear credibility of this statement. The transportation services and …

What is transfer pricing

United Arab Emirates or UAE or Emirates is the federation of seven Emirates, including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, and Ras Al Khaimah. Though taxation in UAE was initially restricted to corporate taxes levied on foreign banks and oil companies, the companies will have to follow the …

How to avoid common accounting problems for your business

Today’s small and medium-sized businesses have access to a wide variety of accounting tools, making it simpler than ever to maintain precise records of where your company’s money is going. Accounting software has simplified bookkeeping and accounting for small firms, but it has also increased the likelihood of errors and …

Things you need to know about Tax Residence Certificate in UAE

What is a UAE Tax Residence Certificate? A Tax Residency Certificate is a legal document that can be used to establish or prove the nation of tax residence. It is issued by the Federal Tax Authority (FTA) of the United Arab Emirates. The certificate has a one-year expiration date after …

A Guide for a better debt management for SMEs in UAE

The success of any firm depends on effective financial management. Without it, a company may be doomed to failure right away. Businesses need to understand how to handle their money effectively in order to safeguard themselves against global crises and other unforeseen catastrophes. This includes managing payments, planning cash flow, …

How to start an online business in Dubai?

The thought of you launching an online business in Dubai is the right choice at the right time with the boom use of technology and the growing online marketplace in the UAE as it is in progress of transforming as a center to grow businesses in Arab world. There’s so …

Why is financial literacy important for small business owners?

What is Financial Literacy? Understanding the financials of your company is the foundation of financial literacy. It requires solid financial education, or knowledge of financial terminologies, ideas, concepts, practices, and assertions. All of the information helps in your understanding of the financial state of your business and the variables that …

5 key benefits of outsourcing accounting services in Dubai

Benefits of outsourcing accounting services Delegating certain tasks to a business outside of your own in order to gain professional advantages is known as outsourcing. For complex accounting services and financial reporting, accounting outsourcing may be the best option. Mentioned below are some of the benefits of outsourcing accounting services …

How UAE is transforming as a center to grow businesses in Arab world

According to the IMD World Competitiveness Ranking for 2022, the UAE is the most competitive nation in the Arab world. One of the few remaining large, expanding economies that is still tax-free is the United Arab Emirates, which is well-known on a global scale.  Recently, a number of high-net-worth people …

Best case practices for payroll processing in Dubai, UAE

Setting up a payroll procedure in your corporation is a requirement if you run your enterprise worldwide. Even if you may just have a few, many, hundreds, or even thousands of workers in your office, they all need to be paid. Most importantly, they must be paid on time, consistently, …