#financial audit companies

[vatfirmsindubai]

Corporate Tax in Dubai UAE!

Let's start our Tax Planning with the new corporate tax changes!

The implementation of Corporate Tax is intended to assist the UAE in achieving its strategic goals and accelerating its development and transformation. The certainty of a competitive Corporate Tax regime that adheres to international standards, combined with the UAE's extensive network of double tax treaties, will cement the UAE's position as a leading business and investment jurisdiction. The implementation of UAE CT will have an impact on planning, operations, and reporting systems, so it is prudent to plan ahead of time. TRC would be delighted to assist clients by scheduling personalized meetings or seminars with clients to assist their current corporate structures in assessing the impact of the proposed UAE CT rules. For more queries, reach out to us: https://www.trcpamco.com/corporate-tax-in-uae

[curiosity-killed]

Dance is such a funny and bizarre world

[winterdusktales]

the way junhoe's popularity peaked during his cocky era and again during his hoe era. coincidence? i think tf not

[morningstartranslation]

Professional Translation & Localization Services

The image beyond an image, the scene beyond a scene. 象外���象，景外之景（xiàng wài zhī xiàng，jǐng wài zhī jǐng）For more information, visit https://www.morningstartranslation.com

[spkauditors]

Choose SPK Auditors and Accountants for Zoho Creator Implementation in UAE!

Get professional advice and efficient implementation of Zoho Creator. Contact SPK today! Contact now +971558572143

[thefirstcheckconsultant]

Corporate Finance in UAE: An Essential Guide to Trust Receipts

As Dubai is emerging as a trading hub in the world for new business setup,so corporate finance services in Dubai are facilitating numerous methods of finances including Trust receipts. Trust receipt is a financial instrument of trade and corporate financing services in UAE to manage working capital and smooth flow of goods and services too.

How trust receipts work in UAE?

Trust receipt is a financial document that becomes necessary when a trader is in need of funding requirements from the banks. In such a circumstance the buyer imports the goods from the supplier and bank issues a Letter of Credit to the supplier for ensuring the payment upon the receipt of the required documents. After this bank settles the payment with the supplier. This is when the Trust Receipt agreement is generated and buyer takes the possession of the goods. After the selling of goods, the buyer repays the bank with in the specified period and hence the bank relinquishes its claim.

Consult with the First Check Consultants, for corporate finance services in UAE regarding specific aspects of trust receipts, top banks offering trust receipts in UAE and the step-by-step guidance for the application.

Requirements for Generating Trust Receipt in UAE

For generating the trust receipt in UAE, the traders must follow the specific requirements as:

Trading License

The applicant of trust receipt must have the trading license issued by Dubai Department of Economy and Tourism and along with that he must also have to open a corporate account with a UAE based bank offering trading services. Do not consider it a hassle process, for this always consult the corporate governance consultants in UAE. Their guidance will definitely help you for acquiring trust receipts in UAE.

KYC Documentation

For KYC Documentation the requirements will be,

Passport

Emirates ID of business owners

Trading license

Memorandum of Association

Business address proof

Banking relationship

Banks plays a vital role in the whole process of providing credit facility.After assessing the financial health of the applicant , bank agrees on the terms of issuing the trust receipts. It also involves trust receipts outlining terms, repayment period and interest rate too. For the extension of short-term financing the borrower must also have the good relationship with the bank as the maturity date of short- term finances always exist between 30 to 180 days and in case till the maturity date if no payment has been received by the bank, then bank may also dispose of the merchandise.

Import Documentation

The letter of credit always ensures that the bank guarantees for the payment to the supplier. The documentation required for the import is commercial invoice, packing list, airway bill, certificate of origin and custom clearance documents also.

Financial Guarantees

Trust receipts couldn't be generated without the possible financial guarantees. The bank may ask for any security depending on the agreement such as fixed deposits or personal or the corporate guarantees. Sometime financed goods themselves served as a collateral and hence reduces the need of any other additional security. Trust receipts is a short-term financing and the importer have to repay the bank with in the agreed credit period as decided with in the mutual agreement.

Wrap-up

Having any query regarding the Corporate Financing in UAE, feel free to consult The First Check Consultants as we are one of the best businesses set up consultants in UAEprovidescorporate finance advisory services in UAE and guide the people in maintaining liquidity and support trading activities effectively.

[bizedge]

Bizedge is top audit firm in Dubai, known for delivering precise and reliable financial audit services across the UAE. Our experienced team focuses on accuracy and efficiency, tailoring services to meet each client’s specific needs. With Bizedge, businesses can expect high-quality audits that help maintain financial transparency, meet regulatory standards, and make informed decisions

[jeanjane]

Chartford: Leading the Way in UAE Accounting and Auditing!

Chartford Enterprise Management is a premier choice among accounting and auditing firms in UAE, offering comprehensive audit services in UAE. Our expertise spans internal and external audit services, financial statement preparation, company formation, and financial restructuring and modeling. Trust us to lead your financial success!

[saicpaservices]

Simplify Your Sales Tax with SAI CPA Services

Navigating the complexities of sales tax compliance can be challenging for businesses of all sizes. At SAI CPA Services, we provide comprehensive sales tax services to ensure your business stays compliant with local, state, and federal regulations.

Why Sales Tax Compliance Matters

Failing to comply with sales tax laws can lead to penalties and disrupt business operations. Here’s how our sales tax services help keep your business on track:

Accurate Tax Calculations: We ensure that sales tax is calculated correctly for every transaction, considering the varying rates and rules across different jurisdictions.

Timely Filing: Our team handles all aspects of sales tax filing, ensuring your returns are submitted accurately and on time, helping you avoid costly penalties.

Audit Support: In the event of a sales tax audit, we represent your business and assist with providing the necessary documentation, ensuring a smooth and stress-free process.

How SAI CPA Services Can Help

SAI CPA Services takes the hassle out of sales tax compliance, allowing you to focus on running your business. Trust our experienced team to keep your sales tax matters in order and avoid surprises.

Connect Us:  https://www.saicpaservices.com https://www.facebook.com/AjayKCPA https://www.instagram.com/sai_cpa_services/ https://twitter.com/SaiCPA https://www.linkedin.com/in/saicpaservices/ https://whatsapp.com/channel/0029Va9qWRI60eBg1dRfEa1I

908-380-6876

1 Auer Ct, 2nd Floor

East Brunswick, NJ 08816

[theinnovativeindianaccountant]

The Indian Accountant. is an accounting company headquartered in Kolkata, India, with operations globally. Our experienced staff of professionals includes Certified Public Accountants (CPAs), Enrolled Agents (EAs), Chartered Accountants (CA-India), and other professional staff in various stages of certification

[jcmarchi]

Uplifting West African communities, one cashew at a time

New Post has been published on https://thedigitalinsider.com/uplifting-west-african-communities-one-cashew-at-a-time/

Uplifting West African communities, one cashew at a time

Ever wonder how your favorite snack was sourced? Joshua Reed-Diawuoh thinks more people should.

Reed-Diawuoh MBA ’20 is the founder and CEO of GRIA Food Company, which partners with companies that ethically source and process food in West Africa to support local food economies and help communities in the region more broadly.

“It’s very difficult for these agribusinesses and producers to start sustainable businesses and build up that value chain in the area,” says Reed-Diawuoh, who started the company as a student in the MIT Sloan School of Management. “We want to support these companies that put in the work to build integrated businesses that are employing people and uplifting communities.”

GRIA, which stands for “Grown in Africa,” is currently selling six types of flavored cashews sourced from Benin, Togo, and Burkina Faso. All of the cashews are certified by Fairtrade International, which means in addition to offering sustainable wages, access to financing, and decent working conditions, the companies receive a “Fairtrade Premium” on top of the selling price that allows them to invest in the long-term health of their communities.

“That premium is transformational,” Reed-Diawuoh says. “The premium goes to the producer cooperatives, or the farmers working the land, and they can invest that in any way they choose. They can put it back into their business, they can start new community development projects, like building schools or improving wastewater infrastructure, whatever they want.”

Cracking the nut

Reed-Diawuoh’s family is from Ghana, and before coming to MIT Sloan, he worked to support agriculture and food manufacturing for countries in Sub-Saharan Africa, with particular focus on uplifting small-scale farmers. That’s where he learned about difficulties with financing and infrastructure constraints that held many companies back.

“I wanted to get my hands dirty and start my own business that contributed to improving agricultural development in West Africa,” Reed-Diawuoh says.

He entered MIT Sloan in 2018, taking entrepreneurship classes and exploring several business ideas before deciding to ethically source produce from farmers and sell directly to consumers. He says MIT Sloan’s Sustainability Business Lab offered particularly valuable lessons for how to structure his business.

In his second year, Reed-Diawuoh was selected for a fellowship at the Legatum Center, which connected him to other entrepreneurs working in emerging markets around the world.

“Legatum was a pivotal milestone for me,” he says. “It provided me with some structure and space to develop this idea. It also gave me an incredible opportunity to take risks and explore different business concepts in a way I couldn’t have done if I was working in industry.”

The business model Reed-Diawuoh settled on for GRIA sources product from agribusiness partners in West Africa that adhere to the strictest environmental and labor standards. Reed-Diawuoh decided to start with cashews because they have many manual processing steps — from shelling to peeling and roasting — that are often done after the cashews are shipped out of West Africa, limiting the growth of local food economies and taking wealth out of communities.

Each of GRIA’s partners, from the companies harvesting cashews to the processing facilities, works directly with farmer cooperatives and small-scale farmers and is certified by Fairtrade International.

“Without proper oversight and regulations, workers oftentimes get exploited, and child labor is a huge problem across the agriculture sector,” Reed-Diawuoh says. “Fairtrade certifications try and take a robust and rigorous approach to auditing all of the businesses and their supply chains, from producers to farmers to processors. They do on-site visits and they audit financial documents. We went through this over the course of a thorough three-month review.”

After importing cashew kernels, GRIA flavors and packages them at a production facility in Boston. Reed-Diawuoh started by selling to small independent retailers in Greater Boston before scaling up GRIA’s online sales. He started ramping up production in the beginning of 2023.

“Every time we sell our product, if people weren’t already familiar with Fairtrade or ethical sourcing, we provide information on our packaging and all of our collateral,” Reed-Diawuoh says. “We want to spread this message about the importance of ethical sourcing and the importance of building up food manufacturing in West Africa in particular, but also in rising economies throughout the world.”

Making ethical sourcing mainstream

GRIA currently imports about a ton of Fairtrade cashews and kernels each quarter, and Reed-Diawuoh hopes to double that number each year for the foreseeable future.

“For each pound, we pay premiums for the kernels, and that supports this ecosystem where producers get compensated fairly for their work on the land, and agribusinesses are able to build more robust and profitable business models, because they have an end market for these Fairtrade-certified products.”

Reed-Diawuoh is currently trying out different packaging and flavors and is in discussions with partners to expand production capacity and move into Ghana. He’s also exploring corporate collaborations and has provided MIT with product over the past two years for conferences and other events.

“We’re experimenting with different growth strategies,” Reed-Diawuoh says. “We’re very much still in startup mode, but really trying to ramp up our sales and production.”

As GRIA scales, Reed-Diawuoh hopes it pushes consumers to start asking more of their favorite food brands.

“It’s absolutely critical that, if we’re sourcing produce in markets like the U.S. from places like West Africa, we’re hyper-focused on doing it in an ethical manner,” Reed-Diawuoh says. “The overall goal of GRIA is to ensure we are adhering to and promoting strict sourcing standards and being rigorous and thoughtful about the way we import product.”

[kulvindersassociates]

[masarca]

FEASIBILITY STUDY SERVICES IN DUBAI, UAE

Analyzing a company’s profitability is an integral part of business planning and helps predict and determine future prosperity. Consider all aspects of running a business: economic, legal, and technical. MASAR is a leading business start-up company in Dubai and the UAE and works with reputable. And successful partners to conduct a feasibility study for a potential business.

At MASAR, we leverage our extensive knowledge of the local and international markets and use traditional and new-age methodologies to evaluate. And deliver the most comprehensive result that will help you make the right decisions before starting your business. Each evaluation is conducted ethically and legally, considering industry-specific standards, regulations, and competition.

MASAR CONSULTANTS EXPERTS:

With the help of our feasibility study consultants. It is possible to produce a comprehensive report on various scenarios. Including the strengths, weaknesses, and potential implications of each possible scenario. Project leaders should review the results of the study and assess whether the benefits of the proposal outweigh the risks involved. Through the knowledge and experience of our feasibility study consultants, companies in Dubai and Abu Dhabi. Can determine the following:

Possible alternatives to the project.

Business alternatives.

New business opportunities.

Potential stumbling blocks.

Data necessary for making an informed decision on a proposal.

ELEMENTS OF A FEASIBILITY STUDY:

Feasibility study services in Dubai, UAE will consist of several elements and typically include:

Project Overview – An outline of the project, and products/services offered. The business model, and the method of delivery.

Market Feasibility – Defines the prospective buyers, competitors, and industry. Future and current market potential, and sales estimations.

Technical Feasibility – Lists the data about product or service delivery. Which could include labor and raw materials. transportation, the technology needed, business locations, etc.

Financial Feasibility – A forecast plan about the funding required, the type of funds, and projected P&L, Balance Sheet, Cash Flows, etc. This includes detailing the assumptions made in the study. Sensitivity analysis, and graphical presentation of key financial data.

Organizational Feasibility – An explanation of the corporate and legal frame of the company. This might include data about the founders, their professional history. And the skills they have that can help the company begin and continue its operations.

For more Details: FEASIBILITY STUDY SERVICES IN DUBAI, UAE

[thellawtoknow]

Annual financial audits

Topic: The Importance of Annual Financial Audits for Companies: A Legal PerspectiveTransparency and Disclosure:Accountability and Fiduciary Duties:Compliance with Legal Regulations:Navigating Regulatory Complexity:Verification of Compliance with Accounting Standards and Reporting Requirements:Identification of Non-Compliance and Regulatory Violations:Risk Management and Fraud…

[rakeshraseo321]

Company Secretary Singapore

ZE Global hires highly skilled experts who are well-versed in Singapore's regulatory landscape. They may help you run your Company secretary Singapore. To ensure that your company is constantly compliant, we keep up with the latest laws and business methods and our continued professional development.

[thefirstcheckconsultant]

5 Tips to Avoid Internal Audit Mistakes in Dubai, UAE

The First Check Consultants as aninternal audit consultant in UAE ensures to follow the standard procedures with the systematic methodology for internal audit and aims at providing the best solutions for the problems related with the internal audit mistakes. This article will provide you the 5 tips to avoid internal audit mistakes in Dubai.

Understanding Dubai Regulatory Requirements

As anaccounting firm in Dubai, UAE while conducting the internal audit, one should be familiar with the relevant and required laws of Dubai such as Anti-Money Laundering Laws, Dubai Financial Services Authority, VAT regulations, Central Bank of UAE guidelines for the whole companies which comes within their jurisdiction areas. An internal auditor must stay updated regarding the regulatory changes and make sure for the properly preparations of the report in terms of accuracy and compliance with the regulations.

Ensure Proper Documentation

Maintain proper records of the findings and evidences in order to compliance with the regulatory bodies. The documentation must be systematic and prepared with utmost care by the internal audit consultants in UAE. The documents and reports must be communicated to their intended users for the further improvements if required. An Internal Auditor detects and prevents irregular transactions and maintains the records for improving the productivity of the business. Incorrect data always leads to the misrepresentation of the financial statement of the business. Avoid the massive audit reports for conducting proper functioning of the operational auditing.

Be Prepare for Risk Factors

With the help of Business setup consultants in UAE, be preparing for the unexpected financial stability of the organization and make a feasible plan for the unexpected losses to overcome the hardships of the businesses. An internal auditor always formulates the contingency plans by identifying the key areas where the action must be taken to tackle the risks associated and also make necessary suggestions regarding the contingency funds for the future unforeseen expenses.

Effective Communication

Effective communication is much required for the successful completion of the

Internal audit. The First Check Consultants as the internal audit consultants in UAE establishes and upholds the open lines of communication with the clients, stake holders , management team and team members of an organization. Clear and transparent communication helps in reducing the resistance of the audit findings and misunderstandings as well.

Conduct Training and Learning Programs

Develop the specific training and learning programs relevant to the Dubai based industries to keep the audit team update with the audit standards of UAE. In the learning programs they must be updated regarding the audit management software and data analytics for streamlining the auditing process. Proper measures are performed in such training for the comprehensive audit to take place and identify the concerned issues that might be missed during the traditional approaches for the auditing. The First Check Consultant as an accounting firm in Dubai, UAE always follows the International Compliance Framework and provides the successful auditing services with the strong technical and theoretical aspects.

Conclusion

The First Check Consultants is a successful business setup consultant in UAE with the highly qualified and certified auditors who works with in Dubai regulatory environment with the specific industry requirement. It maintains professional decorum and respects cultural practices with the UAE regulatory landscape.

Read More:

Choosing the right license for your Dubai, UAE Business

·         Which is the best Accounting and Audit firms in Abu Dhabi?

·         How to Compute Corporate Tax Services in UAE?

·         Tips to Find The Business Setup Consultants in UAE