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Ministry of Economy UAE

UAE has strived over many years to build a free, market competitive, and diversified economy that is always open to foreign investments and businesses, channeling inherent Oil wealth towards not only their oil sector but also broad non-oil related sectors...

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Central Bank of UAE

Central Bank provides the foundation of a country’s economy and contributes towards influencing and regulating the economy through various macro-economic and micro-economic tools at its disposal.  One of the major tasks of the central bank is t...

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CbCR Reporting Requirement UAE

UAE has made a conscious effort toward cementing its position as a regional and global business hub and has been able to attract significant foreign direct investment. Adoption of global regulations and best practices has been at its core. UAE embraced th...

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Ultimate Beneficial Owner Reporting

Over the years, UAE has strived relentlessly to become an ideal relocation as a business hub for global companies. With attractive free-zones, internationally recognized financial centers, low tax regime, extensive network of double taxation treaties and ...

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Economic Substance Regulations

UAE has always been at the forefront of implementing a business friendly environment and ensuring necessary legal and regulatory framework in alignment to international economic regulations. To fulfill its commitment as a member of OECD Inclusive Framewor...

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Business Valuation

Business Valuation in UAE is an elaborate process to determine the true economic value of a business or company. It is used to determine the company’s intrinsic worth for the purpose of a potential sale, merger, acquisition, restructuring, raising debt ...

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Wealth Management Service

Wealth Management Service is a core financial advisory service, actively sought by high income strata individuals and companies with surplus investable cash.  Instead of integrating isolated advice and products from multiple professionals, often high...

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Tax Shelter Strategies

There is a clear distinction between tax avoidance and tax evasion, the former being a legal means to reduce the overall tax burden, while the latter is illegal.  UAE being almost a tax free haven with a business friendly environment, has always attr...

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Private Company Valuation

Private company valuations are generally a bit arduous compared to public company valuations, where the company information is readily available. The publicly traded stock price on UAE local stock exchanges like DFM or ADX is multiplied with the company&#...

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Future of Auditing: A Post Pandemic Look

Year 2020 threw a curve ball most businesses had never imagined. With massive layoffs across North America, Europe, businesses closed down, the blurred line between work and home life further exacerbated the pain of human cost of Covid-19 Pandemic. Undoub...

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Regular Financial Audit: An Easy Win

Auditing is a wider business function that is oftentimes confused with just the assessment of procedures. The multifold aspect of auditing activity is what makes it so beneficial for a company. As a company has different aspects to it that need attention ...

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Has Technology Revolutionized Auditing?

Technology has given us many things, some in succession and the others all at once. Over the years we’ve learned to tackle the impact of IT on several different aspects of society and workings of a state. However, it is also a continuous and forever cha...

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Managing Risk of Internal Audit

While working on a SOX compliance internal audit report, auditors have a big responsibility to assess shortcomings and risks. This goes the same for any ISO compliance audit, including external ISO audit, and BCBS internal audit. Internal audit is a much ...

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Forensic Auditing Vs Financial Auditing

Forensic audit in Dubai and even Forensic audit in UAE as a whole is one  extensive procedure that involves analysis and investigation on specified matters that need a critical analysis to evaluate whether someone has carried out any unauthorized and...

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Statutory audit: a critical analysis

    Auditisadng is a major part of the accounting function for a healthy business. There are different types of auditing, but it basically entails reviewing the numerical aspect related to the business functions. By numerical, it means monetary....

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Massive 55% tax coming to the UAE

Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future....

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