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UAE’s new businesses take to 100% ownership as updated Commercial Agency Law comes into effect

UAE’s new businesses take to 100% ownership as updated Commercial Agency Law comes into effect

by Danissa Guotana | Jun 21, 2023 | Business, CFO

Dubai: As the UAE’s updated Commercial Agency Law comes into full effect, new businesses and their owners are making full use of the 100% ownership option that is now allowed across categories.. The benefits will cut through into multiple sectors – retail,...
UAE announces three new corporate tax exemptions

UAE announces three new corporate tax exemptions

by Danissa Guotana | May 31, 2023 | Accounting, Business, CFO, Corporate Tax, Other Tax

On Tuesday, the UAE Ministry of Finance announced three new around the nation’s corporate tax regime. The decisions, which fall under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, include various features related to...
MoIAT reduces government service fees to further ease doing business in UAE

MoIAT reduces government service fees to further ease doing business in UAE

by Danissa Guotana | Jan 27, 2023 | Business, CFO

The UAE has reduced and waived fees for certain government services as the country seeks to create an attractive business environment for investors and support small-and-medium enterprises in the industrial sector. The Ministry of Industry and Advanced...
New UAE rule: Attestation mandatory for import invoices worth Dh10,000 above; violators to face fines

New UAE rule: Attestation mandatory for import invoices worth Dh10,000 above; violators to face fines

by Danissa Guotana | Jan 20, 2023 | Accounting, Audit, Business, CFO

Companies in UAE will soon be subject to a new compliance requirement as they would be required to attest import invoices with a value of Dh10,000 and above by the UAE Ministry of Foreign Affairs and International Cooperation (Mofaic). According to a tweet issued by...

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