The Corporate Tax in UAE has made a drastic change in the business environment of UAE. Corporate tax was introduced to promote economic growth, transparency and fairness in all business dealings. It is the direct tax levied on the net income or profit of businesses. Corporate tax will apply to all businesses and individuals conducting …
How to Prepare for Corporate Tax in UAE: Corporate Tax Deadline 2025 Read More »
The UAE’s Golden Visa program was initially launched in 2019, It is a long-term residence visa that enables foreign talents to live, work or study in the UAE, along with enjoying exclusive benefits. The government allows qualifying investors and people with special talents, to be included in the UAE Golden Visa Program along with their …
How to Get a UAE Golden Visa: Who’s Eligible and How to Apply Easily Read More »
If you have dreamt of starting your Business abroad, look no further than Dubai. Dubai is recognized as one of the main trading hubs in the world. Though its strategic location plays a major role in the business success, Dubai’s economic policy too plays a crucial role in the business sector. Over the years UAE …
What is UAE Corporate Tax Penalty Waiver? The UAE Ministry of Finance and Federal Tax Authority (FTA) announced a Corporate Tax Penalty Waiver. This is a one-time concession introduced in April 29, 2025. Normally, businesses that fail to do their corporate tax registration on time, will have to bear a hefty fine of AED 10,000, …
Understanding UAE Corporate Tax Penalty Waiver 2025 Read More »
DMCC mandates that all registered companies must submit their audited financial statements every year to ensure compliance and maintain financial transparency. If you have a company registered in DMCC, it is important to prepare and submit the audit report before the deadline and that too by a DMCC approved auditor in Dubai. Timely audits are …
In today’s ever-evolving business environment of the UAE, ensuring financial transparency and compliance is critical for businesses. It adds credibility to the financial statements of the company and, in turn, instills confidence among investors. Whether your company is a startup or an established enterprise in the UAE, financial audits ensure that your business operates within …
Why Financial Audit is Essential for Businesses in UAE Read More »
The UAE Golden Visa is one of the most sought-after residency programs in the world, offering long-term residency to investors, entrepreneurs, skilled professionals, and outstanding students. The UAE government has introduced the Golden Visa to attract global talent and investment, thereby making it easier for foreign nationals to live, work, and study in the country …
UAE Golden Visa Guide 2025: Guide to Long-Term Residency Read More »
The UAE Federal Tax Authority urges all natural persons to register for Corporate Tax before end of March 2025 to avoid penalties of AED 10000. The UAE Corporate Tax Registration is a mandatory requirement that businesses must adhere to in order to align with the nation’s tax framework. Who is a Natural Person? According to …
UAE Corporate Tax Registration Deadline 2025: Complete Guide Read More »
In today’s evolving world of business, companies must ensure financial transparency, regulatory compliance, and risk mitigation to maintain stability and growth. Facing risks is an issue that companies cannot avoid. They will face financial uncertainties and risks related to meeting regulatory requirements, which could disturb their stability and slow down their progress. The importance of …
How Audit Services Help in Effective Risk Management to Safeguard Your Business Finances Read More »
The UAE is one of the best places for investment, thanks to its great location, growing markets, and smart government policies. One of the most attractive opportunities for foreigners is the Golden Visa for real estate investors. If you are planning to buy property in Dubai or other parts of the UAE, this long-term residency …
​​UAE Golden Visa for Real Estate Investors: A Comprehensive Guide Read More »
As UAE always stands to attract global talent and foster innovation, it provides long-term residency to exceptional talents through its prestigious Golden Visa program. The new updates in 2025 added three new categories: educators, gaming professionals, and luxury yacht owners to attract talent in education, technology, and high-net-worth individuals. Here you can learn more about …
Understanding New Updates on UAE Golden Visa 2025 Read More »
Annual audits are an inevitable part of every size of business. Audits, no matter if you are a startup, an SME, or a large corporation, will scrutinize your financial records in terms of the UAE legislation and international standards to check whether they are in compliance and whether they are a correct reflection of your …
Why Every UAE Business Needs Annual Audit Services Read More »
Corporate tax is a new financial regulation introduced in the UAE, starting from June 1, 2023. It is a direct tax applied to the profits of businesses operating in the country. The UAE government introduced a corporate tax to align with international tax standards and reduce its reliance on oil-based revenue. Corporate Tax Rates in …
Corporate Tax Services in UAE: What Every Business Owner Must Know in 2025 Read More »
Audit services are essential for every business to monitor and manage their financial transactions effectively. At Intellect Chartered Accountants Audit Services in UAE, we go beyond simply inspecting and approving financial records. We focus on delivering transparent and systematic financial statement audit and assurance services to provide valuable insights into your business operations. Our team …
The UAE’s business landscape is experiencing a significant transformation with the introduction of corporate tax. Since June 1, 2023, all UAE businesses must register for corporate tax. Some companies might want to wait until the last minute, but there are many reasons why it is smart to register early. Here are the key benefits of …
Benefits of Early Corporate Tax Registration for UAE Businesses Read More »
The UAE Golden Visa allows eligible people to gain permanent residency. With the UAE drawing in investors, entrepreneurs, and skilled professionals from around the globe, the Golden Visa was created to give these individuals a chance to live and work here long-term. This visa helps make the UAE one of the top choices worldwide for …
UAE Golden Visa for Entrepreneurs: Eligibility and Application Process Read More »
Ras Al Khaimah Economic Zone (RAKEZ) is a thriving free zone in the United Arab Emirates (UAE). It was formed by merging two major free zones: Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA). This combination brings together the best features of both zones, making the business setup …
Complete Guide to Setting Up Your Business in RAKEZ Read More »
If you are thinking about starting a business, the UAE is one of the top places in the Middle East to do business. It is a global hub that provides opportunities for businesses across various industries and for people from all over the world. The UAE’s liberal policies, stable economy, and business-friendly environment, along with …
Freezone vs. Mainland: Which is the Best Choice for Your UAE Business? Read More »
Dubai is the global hub for fastest growing and highly competitive businesses. For the last few years, Dubai has attracted international investors and entrepreneurs as there are immense investment opportunities. Along with this dynamic business environment, there come many financial challenges and regulatory compliances. The major challenges and compliances come after the effective implementation of …
Factors to Consider While Choosing the Best Audit Firm in Dubai Read More »
The UAE’s Golden Visa program now offers a 10-year residency option for property owners. This exciting opportunity allows foreigners who invest in real estate to secure long-term residency in the UAE through the Golden Visa for Property Owners program. By purchasing a property worth at least AED 2 million, investors and their families can enjoy …
According to the tax office’s announcement, December 31, 2024, is the deadline for Corporate Tax Return Filing for all businesses established in June 2023 in the UAE. This deadline applies specifically to companies that obtained their business license in June 2023. For these new businesses, the December 31, 2024, deadline replaces the previous September …
December 31, 2024, is the Deadline for Corporate Tax Return Filing Read More »
Corporate Tax is a tax on the money businesses make. The UAE wants to make its tax system fair and modern. This helps make the UAE a great place for businesses from all over the world. It also shows that the UAE plays by the same rules as other countries when it comes to …
October 31, 2024, is the Deadline For Corporate Tax Registration Read More »
The Golden Visa is a long-term investment visa and is a kind of residency by investment program. It was introduced in the year 2019. The UAE Golden Visa allows for a 10-year residency and another variant of 5 years for those planning for a short-term residency. It is an initiative to attract talent and foreign …
Your Guide to Securing a Golden Visa for Property Owners in Dubai Read More »
If you want to start a business and buy property in Dubai, you can get long-term visas to live there. These visas such as UAE Golden Visa, are for five years or ten years. You can also bring your family and business partners if you have a five- or ten-year residency visa in the UAE. …
UAE Golden Visa For Business Investors and Entrepreneurs Read More »
The Ministry of Finance announced the corporate tax in January 2022. This tax will be charged on the profits generated by businesses operating across the seven emirates of the UAE. The corporate tax in UAE will start on either June 1, 2023 or January 1, 2024, depending on when the company’s financial year begins. That …
UAE Corporate Tax Registration 2024 – Everything You Need to Know Read More »
The Dubai Multi Commodities Center (DMCC) free zone has recently announced a change in the DMCC audit deadline for the 2024 financial year. The previous deadline was June 30, 2024, but it has now been extended to September 30, 2024. This extended DMCC Audit Deadline 2024 gives businesses more time to prepare and file their …
September 30, 2024, is the Deadline for the Audit in DMCC Read More »
Doing business in Dubai’s prestigious DMCC free zone? Make sure you are aware of the annual financial statement audit requirement! This straightforward guide breaks down DMCC’s essential types of Audit for DMCC, required documents, 2024 deadlines, fines, and preparation tips to ensure a smooth DMCC Audit Process for DMCC Free Zone Companies. Who Needs a …
Dubai Multi Commodities Centre (DMCC) is a free zone authority in Dubai, established in 2002. It is the world’s largest and leading hub for global trade and innovation. DMCC has emerged as one of the most crucial economic drivers, contributing to 15%of foreign direct investment in Dubai. DMCC is home to over 20,000 registered companies …
We Are Approved Auditors in DMCC : All You Need To Know Read More »
Financial audit is an independent examination and objective assessment of a company’s financial statements to ensure their accuracy, completeness, and compliance with relevant laws and regulations. It plays a vital role in ensuring a stable financial health, transparency and accountability of the organization. Auditing can be a mere legal obligation for many business owners, but …
Why Regular Audits Are Essential For Business Success Read More »
For entrepreneurs and companies, Dubai’s business environment presents many opportunities. It is important to know the different types of business licenses available in Dubai for the success of your business. This blog explains the various types of licenses and what activities they allow. What is a Business License? A business license in Dubai is an …
Types of Business Licenses in Dubai: A Complete Guide for Entrepreneurs Read More »
As we have discussed in detail about the setting up process of a business in Dubai in the previous blog, it is essential to know about the various mistakes that an entrepreneur makes when starting their new business. Business setup after well aware of these mistakes will help you out in the easy business setup …
Mistakes to Avoid When Setting Up a Business in UAE Read More »
Dubai is a busy city where many companies from all over the world come to do business. It is a great place to make money, but running a business can be tricky here. That is where chartered accountants come in – they are the money experts who help keep businesses on track and running smoothly. …
The Essential Role of Chartered Accountants in Dubai’s Business Landscape Read More »
Setting up a company in Dubai would be a dream of many, but the question here would be where to start, the ideal location of the business. Dubai being the global hub for businesses, company set up in Dubai would be a great opportunity for investors to enter into the Middle East market. Both Freezones …
IFZA vs. Other UAE Free Zones: A Comparative Analysis Read More »
Are you planning to set up a business in the UAE free zones? The International Free Zone Authority (IFZA) is a perfect choice for you offers an excellent opportunity for entrepreneurs and companies looking to establish their presence in this thriving business hub. In this guide, we will walk you through the process of setting …
How to Set Up Your Business in IFZA: Step-by-Step Process Read More »
IFZA Business Setup IFZA is the Free zone community designed for business growth. Established to support the growth of startups, entrepreneurs as well as established companies. The ultimate objective is to Ifza has the minimal Bureaucracy that makes it easy for the business setup in Dubai. Easy access to government services and support as Dubai …
Why Dubai IFZA is the ideal location for your business expansion Read More »
Accounting serves as the foundation for the prosperity of any thriving enterprise. It encompasses the essential tasks of documenting, consolidating, and evaluating financial transactions and operations. A well-established accounting system offers invaluable perspectives into a company’s financial well-being, enables informed decision-making, and guarantees adherence to tax and regulatory obligations. On the contrary, businesses that disregard …
Why do businesses without proper accounting systems fail? Read More »
UAE Corporate Tax Registration: Companies may need to register for corporate tax, even if they are already VAT registered. Starting June 1, 2023, corporate taxes will be implemented on businesses in the UAE. To effectively handle these new regulations, it is important to understand the administrative responsibilities like tax registration, deregistration, submitting corporate tax declarations, …
According to the International Free Zone Authority (IFZA), businesses must meet certain financial requirements to maintain their license. One common question is whether an audit is mandatory during the license renewal process. An audit involves a thorough examination of a company’s financial records, practices, and controls. While IFZA does not explicitly state that all businesses …
Do You Know Audit Is Mandatory For IFZA License And Renewals? Read More »
The UAE Ministry of Finance has recently declared the implementation of a 9% federal corporate tax on business profits, effective from the start of the financial year on June 1st, 2023. This tax will apply to companies earning above AED 375,000. It is worth noting that the corporate tax rate in the UAE is …
Audit firms strongly advise business owners in Dubai to adopt efficient document management practices to streamline and simplify the annual audit procedure. Regardless of the size of your organization, external audits can be time-consuming and demanding, necessitating extensive preparation and effort. When undergoing an audit, auditors in Dubai will request specific records and documents to …
The Role of Effective Document Management in Streamlining Audits Read More »
In the UAE, appropriate individuals frequently carry out the building and management of mosques. The UAE’s standard procedures for refunding VAT did not allow for the recovery of input tax because it does not qualify as a commercial activity. According to Cabinet Decision No. (82) of 2022, the UAE now permits the Refund of Input …
FTA Guide on Refund of VAT on Building & Running Mosques Read More »
One of the negative habits small business owners need to break is not balancing their bank accounts. For a small business, regular bank reconciliation is essential to identifying errors, preventing fraud, and confirming cash flow. Accounting firms in Dubai can help you with this important activity if you lack experience with bank reconciliation or are …
Why Bank Reconciliation Is Important for Accounting in a Small Businesses? Read More »
Not all nations impose a 9% corporation tax! Your company is fortunate to have its headquarters in one of the few tax haven nations in the world. Whether paid by businesses or people, a sizeable sum of money is typically paid to the government in the form of taxes (there are many!). A startling 60% …
The UAE Golden Visa system, which was put into place in 2019, has caused quite a stir among some expatriate groups with aspirations of obtaining permanent residency in the United Arab Emirates. Foreign nationals can live, work, conduct business, and study in the UAE without needing a local sponsor thanks to the Golden Visa system. …
UAE Golden Visa – Are You Eligible for the Highly Desired Residency Visa? Read More »
Insurance packages are being introduced to reach high-net-worth individuals as the number of UAE residents with Golden Visas grows daily. The National Health Insurance Company (Daman), a major health insurance provider in the UAE, states that the annual premium for holders of Golden Visas starts at just Dh2,393 and offers a coverage maximum of up …
UAE Golden Visa holders will receive a special insurance package Read More »
The UAE government has occasionally announced a number of programs and regulations to help and support its inhabitants’ needs, making living in the Emirates easier. For more information on Esaad, the advantages of the program, and how to apply, please continue reading. ESAAD was introduced in March 2017 as a special humanitarian community quality effort, …
What Are the Benefits of an Esaad Card in Dubai and How Do I Get One? Read More »
Holders of 5- and 10-year residency visas, which now number 65,000 inhabitants, will receive an Esaad card. The government-issued Esaad card, which was previously only accessible to selected government employees, will be given to holders of the UAE’s long-term Green and Golden Visas. With this card, they will have exclusive access to deals and …
UAE Golden Visa holders will receive a special Esaad Privilege Card from the government Read More »
The Sharjah Airport International Free Zone (SAIF Zone), which was founded in 1995, has a solid reputation as a preferred free zone among businessmen looking to invest in the Sharjah emirate. Companies operating in the free zone must have their books of accounts audited by auditing firms registered with the SAIF Zone, according to a …
Choosing the right audit firm in Dubai is key to your business’s success. The right auditors can help you save money, reduce stress, and organize your finances. Many midsize and multinational companies in Dubai use professional auditing services to meet UAE’s auditing regulations. However, with the UAE’s highly competitive business environment, picking the best audit …
Accounting could be a crucial element in a company’s operation. When their business activity rises and systems need to alter, several expanding organizations find it challenging to develop well-tuned accounting processes. Strong accounting procedures enable you to base your decisions on current information and improve them. You must verify the comprehension and application of the …
How well-versed in the fundamentals is your accounting service provider? Read More »
With the government’s announcement of the Corporate Tax, the landscape of tax compliance in the UAE is poised to undergo a paradigm transformation. Businesses have been obliged to evaluate their eligibility and compliance needs due to the UAE corporation tax, which is anticipated to go into effect on June 1st, 2023. Despite the fact that …
A Guide to Filing, Documentation, and Other Important Requirements for UAE Corporate Tax Read More »
In the long term, no startup can afford to be cash-strapped. Although many startup founders have amazing ideas, this does not guarantee that they will be able to pursue their ideal firm. In such a setting, attracting outside investment is vital for a firm to proceed to the next level. A solid business idea, on …
How Can Dubai Audit Firms Assist Startups in Attracting New Investors? Read More »
Free zones have traditionally been excluded from the territorial scope of the UAE’s VAT rules. Only those free zones mentioned in a Cabinet Decision are eligible for preferential VAT treatment, according to UAE VAT legislation. Designated Zones are such free zones, and enterprises must be aware of the VAT treatment of services obtained in them …
A VAT Guide for Services Received in UAE Designated Zones Read More »
Visas for jobs, business, tourism, visits, studies, and temporary labor missions are among the new forms of entry visas that do not require a sponsor. All entry visas are available for single or multiple entries, as well as a variety of visa categories for various purposes. This is a first because it does not require …
UAE visas for jobs, tourism, and visits: A new entry system has been announced. Read More »
UAE skilled employees can now get a 5-year residency visa without a sponsor The UAE Government Media Office has issued a pair of circulars with updated information on the country’s visa policy. Residence permits, entrance, and Golden visas are the three new categories of visas. The UAE Cabinet, led by His Highness Sheikh Mohammed bin …
Green Visa for the UAE: A 5-year residence program has been announced. Read More »
The UAE Government Media Office has published a pair of circulars with updated information on the country’s visa policy. The new visa types are divided into three categories: entrance, resident permits, and Golden visas. The UAE Cabinet, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab …
As part of the revised Entry and Residence Scheme, the UAE has modified the conditions for the Golden Residence visa. The UAE Government Media Office has issued a pair of circulars with updated information on the country’s visa policy. Residence permits, New Entry, and Golden visas are the three new types of visas. Each has …
UAE Golden Visa residence program has been enlarged, and the rules have been modified. Read More »
Approved Auditors in Fujairah Creative City for your Company Audit and Related Business Solutions Fujairah Free Zone (FFZ) stands among the most popular free zones within the Fujairah Emirate, positioned adjacent to the Fujairah port. Regulation of all businesses operating within the Fujairah Free Zone is under the Fujairah Free Zone Authority (FFZA) regulation, which …
Companies operating in the Dubai Airport Free Zone are required to have their books of accounts audited by one of the Dubai Airport Free Zone’s registered audit firms. Audit firms that are not registered with the Dubai Airport Free Zone Authority (DAFZA) are not permitted to undertake audits or liquidations for DAFZA-licensed businesses. It’s also …
Approved Auditors in Dubai Airport Free Zone Authority (DAFZA) Read More »
Auditing is required for all companies registered in the Dubai South Free Zone (DWC) under the SAIF Zone. According to the rules of the Dubai South Authority, companies registered under Dubai South (DWC) are required to appoint only approved auditors in DWC. Additionally, these licensed auditors should audit the books of accounts in DWC every …
Approved Auditors In Dubai South Free Zone (DWC) Read More »
Dubai Silicon Oasis (DSO) was first started in 2004 and has since maintained a very high standard both in the mode of operation and in the quality of services. Governed by very high standards, Dubai Silicon Oasis Authority (DSOA) is a free zone with a global reputation as owned and managed by the Dubai Government. …
Registered And Approved Audit Firms in Dubai Silicon Oasis (DSO) Read More »
For all companies registered within the expanse of Jebel Ali Free Trade Zone (JAFZA), it is mandatory that all financial audits for the company be conducted by a JAFZA approved auditor. This means that you should identify and go for one of the Auditing Services in the JAFZA free zone and have an external audit …
KIZAD Industrial Zone, otherwise called Khalifa Industrial Zone is an Abu Dhabi-based project featuring a Free Zone initiated by the UAE Government. The main motivation for this project was to introduce a new life to the country’s industrial sector. As a concept, Khalifa Industrial Zone Abu Dhabi (KIZAD) started in 2010 and took off two …
Top UAE Authorized & Approved Auditor in Khalifa Industrial Zone Abu Dhabi (KIZAD) Read More »
The UAE has laid the groundwork for the introduction of Corporate Tax, a type of direct tax levied against the net income or profit of a business or company. SSet to commence during the June 1, 2023 financial year, this federal law was initiated by the UAE Ministry of Finance on January 31, 2022. The …
Understanding the Corporate Tax UAE and Its Potential Impacts on Your Business Read More »
The business sector in UAE is promising and investors have identified the region as the go-to place for their investment. This is made possible by the positive business climate that the government of UAE has established, helping businesses grow. The political atmosphere in the UAE is also favorable for good business operations. One of the …
UAE Auditors Helps For All Your UAE Golden Visa Needs! Read More »
The Ministry of Finance department has declared that the UAE will introduce a federal corporate tax on business profits which will be effective for financial years beginning on or after June 1st, 2023. Businesses will become subject to UAE corporate tax from the beginning or start of their 1st financial year that starts on or …
UAE announced 9% Corporate Tax from 1st June, 2023. Read More »
The corporate landscape in Dubai endures a very tough regulatory environment that has raised the bar higher for organizations. Resultantly, most companies in Dubai are suffering losses financially, having to operate under losses versus imagined profit. Even in the presence of internal auditors, the challenges persist because of the question of objectivity and how it …
7 Benefits of Hiring External Auditors in Dubai, UAE Read More »
The UAE government has declared a vast modification to the working week for all federal government entities. The UAE will switch its weekend to Saturday and Sunday for government entities, as UAE wants to bring itself additional or more in line with the rest of the globe. The government stated it’ll adopt a 4-1/2 day working week, with Friday – …
VAT Registration Services Intellect Chartered Accountants is giving VAT registration services in Dubai, UAE to urge the Tax license number (TRN) for your company in UAE. It’s required for all the businesses and people having a year-end profit of DH 375,000 or additional to register for VAT within the United Arab Emirates. The UAE government-enforced VAT …
According to a new announcement from the RAKEZ Authority, the Ras Al Khaimah Economic Zone (RAKEZ), founded by the government of Ras Al Khaimah, has made auditing essential for enterprises operating in the RAKEZ starting in 2020. Within six months after the conclusion of the company’s financial year, companies must submit a copy of their …
Our Accounting Service and Vat Packages… Accounting Service We would like to be your financial partners to help you grow, hence would propose to work with you. We are a team of Chartered Accountants who can help you with daily, weekly and monthly financial reports while taking care of your accounting needs In this way, you as …
Accounting services in U.A.E Accounting firm in Dubai is one of the most vital functional area in a business. It helps to track the company’s financial transactions and keeps a check on future transactions. It also helps to determine the financial position, VAT transactions and to make any vital decision in a particular period. We …
Dubai says no new fees, additional capital required for 100% business ownership by foreign nationals Dubai: The foreign owner of a business enterprise in Dubai will not need to raise additional capital or pay new fees to become the sole owner of a the entity. This was clarified by the Dubai department for Economic Development …
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