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Stay Updated & Ahead with Expert Insights on Accounts & Finance Updates
Curated & Researched blogs on topics spanning accounts & finance in UAE by HKMS Group.
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Are you liable to register for AML Compliance?????
Background: UAE Federal Decree-Law 20 of 2018 on Anti-Money Laundering and Combating the Financing of…
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ESR Deadlines Announced
Ministry of Finance has announced deadlines for the Economic Substance Notification and Report for easy…
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Overview on the AMENDED Economic Substance Regulations in the UAE
The UAE introduced Economic Substance Regulations to honour the UAE’s commitment as a member of…
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UAE VAT Update
#Federal #Tax #Authority has clarified certain aspects as to COVID-19 expenses via online virtual workshop…
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ESR Notification Compliance in UAE
Brief Snapshot on Economic Substance Regulations (ESR) in United Arab Emirates. Background: The UAE introduced Economic…
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Proposed Change in Customs Tariff in KSA wef 10th June’20
The Government of KSA has decided to increase the customs duty rates for an extensive…
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ESR Notification Announced for UAE Mainland Entities 📢
UAE Ministry of Economy (MOE) has released Economic Substance Regulations (ESR) Notification Form for UAE…
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KSA – VAT Rate to Increase from 5% to 15%
The Ministry of Finance announced an increase to the value added tax (VAT) rate—measures to…
Recent Posts

Are you liable to register for AML Compliance????? Uncategorized

ESR Deadlines Announced Uncategorized

Overview on the AMENDED Economic Substance Regulations in the UAE Uncategorized

UAE VAT Update Uncategorized

ESR Notification Compliance in UAE Uncategorized

Proposed Change in Customs Tariff in KSA wef 10th June’20 Uncategorized

ESR Notification Announced for UAE Mainland Entities 📢 Uncategorized

KSA – VAT Rate to Increase from 5% to 15% Uncategorized
Brief Snapshot on Economic Substance Regulations (ESR) in United Arab Emirates. Uncategorized
FDI Highlights on upto 100% Foreign Ownership – UAE Mainland Uncategorized
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FAQ’s
Why companies seek valuation services?
Few reasons to seek valuation services are:
- Current position of business.
- Mergers & Acquisitions
- Estate Plamming
- Potential Growth
Why do we use business process mapping?
Business process mapping is used to provide proper designation to the employees where they fit in that particular organization.
Do we need a Business plan?
If you own a business, you may need more than one business plan. The latter is a day-to-day roadmap that details the tactics that will support your overall strategy. It may consist of spreadsheets, lists, research summaries, and other documents.
Why should we hire a consultant to write our business plan instead of doing it ourselves?
Preparing an investor-grade business plan, financial forecast, and investor presentation could take 500 hours or more. Now is the time to build your team, product, distribution channels, and customer base. You must assemble a team of experts.
Is it compulsory to have books audited in UAE?
As per Commercial Companies Law in UAE, Each Joint Stock Company or Limited Liability Company shall have one or more auditors to audit annually the books of accounts. The company shall apply the International Accounting Standards and Practices upon preparing its periodical and annual accounts, to give a clear and accurate view of the profits and losses of the company.
What is the standard rate of VAT in the UAE?
The standard rate of VAT in the UAE is 5%