Blog – N R Doshi & Partners

Boost the growth by boosting the Human Resources

Human resources define a company and how efficient the growth will be. If the human resources are talented, then the company has no issues in facing any challenge. It makes it easier to overcome the obstacles. The company with which we dealt in the current case study has a wide-spread presence in wholesale foodstuff in the UAE. The company imports…

Cabinet Resolution No (58) Of 2019 Determining The Regulatory Authorities Concerning Economic Substance Regulations

Cabinet Resolution No (58) of 2019 determining the regulatory authorities concerned with the business mentioned in cabinet resolution no (31) of 2019 concerning economic substance regulations. Serial Number Topic Description ( Economic Substance Regulations ) 1 Banking Business 1. The Central Bank of the United Arab Emirates for banking activities regulated by the Bank. 2. The competent authority in the…

United Arab Emirates Introduces Country By Country Reporting Rules

On 30 April 2019, the Cabinet Resolution No. 32 of 2019 (the “Resolution”) on Country-by-Country Reporting Rules (“CbCR”) was issued in the United Arab Emirates (“UAE”). The CbCR rules outlined under the Resolution are in line with the guidance issued by the Organization for Economic Cooperation and Development (“OECD”) on CbCR. The Resolution introduces a CbCR requirement (either filing or…

Country By Country (CBC) Reporting – Notification Issued By UAE Ministry Of Finance (MOF)

Country by Country (CbC) reporting is covered by the UAE’s cabinet resolution No. 32 of 2019. It is part of action 13 of the Base Erosion and Profit Shifting (BEPS) initiative led by the Organization for Economic Co-operation and Development (OECD) and the Group of Twenty (G20) industrialized nation. Groups of companies meeting the following criteria are required to file…

Dubai Offshore at Glance

In 2003, Dubai Ports and Customs Authority issued the Regulation “On Offshore Companies” and authority of Jebel Ali got authorized to register offshore companies in Dubai. JAFZA Offshore Company Formation The Jebel Ali Offshore Company is regulated by Jebel Ali Free Zone Authority Offshore Companies Regulations of 2003. It’s been designed in a manner that can hold freehold property in…

BVI Limited Liability Partnership Act – A Complete Guide

British Virgin Islands (BVI) is well known for its fabulous natural beauty, impressive mountain ridges, jewel-colored waters, and soft sandy beaches. Entrepreneurs prefer BVI company registration because of the endless benefits. Firstly, the BVI is a Caribbean business hub with close ties and excellent connectivity to North America. Over 90,000 companies are registered on the island, the bulk being financial…

UAE Residency Visa

The United Arab Emirates is one of the most attractive countries in the world in terms of the operation of business and residence. The attractive advantages of the country include tax free status, high standards of living, excellent opportunities for business development, economic and political stability. This makes the UAE Residency Visa the most sought after visa in the world.…

VAT Return Filing in the UAE

The UAE government introduced VAT on 1st January 2018, and with time it has witnessed a few changes. In the beginning, businesses were sorting out their registrations, and now it is time for their first VAT return filing. Moreover, individuals and businesses registered for VAT must now submit VAT return filing in the prescribed format stated by the FTA (Federal…

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