Transfer Pricing in UAE: Navigating Corporate Tax Regulations Transfer Pricing in Corporate Tax UAE is a critical concept in global business operations. When businesses within the same group trade, setting prices for goods or services, is known as Transfer Pricing. This plays a vital role for multinational companies (MNCs) in strategizing their global moves and determining prices for products, services, or ideas traded across different countries. This process draws the attention of regulatory bodies and tax authorities, impacting a company’s tax payments and financial management. Objectives of ..read more

What is Due Diligence?  Due Diligence is the cornerstone of any successful business transaction. When it comes to Due Diligence Service in Dubai, it involves a comprehensive appraisal process that evaluates the legal, financial, and operational aspects of a business or individual.  Dubai is a global business hub with a complex and dynamic business landscape. In this setting, Due Diligence Service in Dubai becomes an indispensable tool for anyone looking to invest, merge, or enter into any form of business agreement.  This article aims to serve as a comprehensive guide to Due Dil ..read more

If you are not from a commerce background, bookkeeping and accounting might seem to you – doppelgangers. Although, they both are the kids of the same father i.e., finance management and are born with similar motives in the world of business but take different routes to reach their goal i.e., managing finances. Simply put, bookkeeping collects, organises and relays the raw material to accounting to process it further into a meaningful final product for the management. Basically, bookkeeping sits at the bottom of the business and is a foundation of accounting. Both bookkeeping and accounting are ..read more

Taxation in Dubai: What Every Business Owner needs to know #2023  Introduction In a significant shift from its long-standing tax policy, the United Arab Emirates (UAE) announced in January 2022,  introduction of a new corporate tax. This tax, set to come into effect from June 1st, 2023, marks a turning point in the UAE’s fiscal landscape, historically known for its low-tax jurisdiction. The new corporate tax, levied at a rate of 9%, will apply to businesses generating over 375,000 AED (approximately USD $100,000) in profits. This move is part of the UAE’s broader strategy to diversif ..read more

The United Arab Emirates (UAE) has long been known as a business-friendly environment with its strategic location, robust infrastructure, and favorable tax regime. However, as part of its commitment to enhance its tax system and align with global best practices, the UAE has recently introduced a new set of penalties for corporate tax violations. These penalties, which come into effect on August 1, 2023, are designed to ensure compliance with the UAE’s tax laws and procedures. This article aims to provide an in-depth understanding of these new penalties, their implications for businesses, and h ..read more

Table of Contents Introduction Adam Global Business Advisory recognizes the United Arab Emirates as the commercial cornerstone of the Middle East. The region has crafted a conducive and competitive business landscape that beckons investors and businesspeople from all corners of the world, reinforcing its position as a crucial financial fulcrum. The UAE’s banking sector operates under the watchful oversight of the Central Bank of the United Arab Emirates. With the rapid expansion of Islamic banks, the presence of 23 domestic and 28 international banks further amplifies its global significance ..read more

The UAE is all set to implement the first corporate tax groups. The creation of “tax groups” will be the next significant set of updates for many business owners, even as the UAE tax authorities continue to publish updates on corporate tax. Here, various companies run by one or more dominant shareholders get together to establish a tax group. The reduced administrative burden’ from filing corporation tax under a single consolidated return furnished by the parent firm will be the major benefit of doing so. Introduction to UAE’s Tax Group Formation The United Arab Emirates (UAE) is making signif ..read more

Introduction about Corporate Tax in UAE  The UAE, a global magnet for businesses, is ushering in a transformative era with its latest tax reforms. With the introduction of the Corporate Tax in UAE, what changes lie ahead for enterprises and investors? Dive into our comprehensive guide to navigate these new waters. UAE’s Tax Evolution: Embracing the Corporate Tax Era The United Arab Emirates, renowned for its tax-friendly allure, is charting a new course. The Federal Corporate Tax, a smart move in the UAE’s economic narrative, is set to redefine the business working. Key Insights into the ..read more

Introduction Dubai, the city of gold, is not just a global hub for trade and tourism but also a prominent centre for banking and finance. The city’s robust economy, strategic location, and business-friendly environment have attracted numerous international banks, making it a hotspot for global banking operations. In this comprehensive guide, we will delve into the world of international banking in Dubai, highlighting the top international banks, their services, and how Adam Global, a leading business setup consultancy, can assist you in opening an international bank account in Dubai Table of ..read more