No matter what type of business you own, you must follow certain steps and requirements to liquidate your company in Dubai. Voluntary liquidation of a Dubai Mainland Limited Liability Company (LLC) can be tricky and complex due to the extensive steps and regulatory requirements associated with it. For example, you may need to navigate requirements ..read more

Entrepreneurs juggling multiple tasks in their startups or SMEs may fail to detect whether their accounting is at risk. Hiring an in-house accountant may not be challenging for small businesses considering the costs and the difficulty in finding a qualified professional with the right skills. A viable solution is to outsource your accounting requirements to ..read more

Managing risks effectively is paramount for UAE businesses to ensure proactively identifying and controlling threats that can affect businesses such as regulatory compliance, safeguard reputation and maintain financial stability. Auditors can help you identify and mitigate potential risks that may put a dent in your UAE organization’s operations. In this blog, you can learn about ..read more

Accounting is a critical process that determines the life of a company in the UAE. Outsourcing the accounting process to accounting firms is essential for UAE businesses as they ensure financial accuracy, compliance, and strategic decision-making. However, the tasks performed by your UAE company’s accounting team can be time-consuming, monotonous, and vulnerable to human error ..read more

Business owners can successfully run a company by outsourcing their accounting requirements to leading accounting firms in Dubai. However, it is ideal for an entrepreneur to be familiarized with basic accounting essentials such as a Profit and Loss Statement (P&L) before seeking expert assistance. A P&L statement is one of the primary financial statements prepared ..read more

Ensuring compliance with Targeted Financial Sanctions (TFS) requirements in the UAE is critical for financial institutions and Designated non-Financial Businesses & Professions (DNFBPs). However, the sanctions landscape is a minefield for FIs & DNFBPs that can be navigated with the help of AML consultants in Dubai. The most critical and complex part of the TFS ..read more

SMEs account for nearly 95% of all companies operating in Dubai, contributing to around 42% of the emirate’s GDP. That makes SMEs the backbone of Dubai’s business landscape. Despite this status, many small businesses and startups struggle for finance and to grow as they don’t realise how important it is to have an auditors in Dubai ..read more

The UAE has shown a strong commitment to combat crimes related to money laundering and financing of terrorism (ML-FT) by enacting robust regulations. The Federal Decree-Law No. 20/2018 Anti-Money Laundering and Countering the Financing of Terrorism (AML-CFT) and its amendments are reflective of this commitment. The UAE’s AML-CFT regulations have laid a solid foundation for ..read more

The UAE has a strong law and framework to combat the menace of money laundering and financing of terrorism (ML/FT). The UAE’s Anti-Money Laundering (AML) law and related regulations require businesses under obligation to develop a robust AML framework and policies. However, many businesses still struggle to grasp the basics of money laundering and this ..read more

Financial Institutions (FIs), Virtual Asset Service Providers (VASPs) and businesses classified as Designated Non-financial Businesses and Professions (DNFBPs) are required to identify suspicious transactions and report them to the relevant UAE authorities. Filing of Suspicious Transaction Reports (STR) is a mandatory requirement as per the Federal Decree No. 20 of 2018 on Anti-Money Laundering and ..read more