The Best Business Blog CAPEX Auditing company in Dubai, UAE

Business Model

A business model is a compact, simplified view of a business, designed for a holistic description and analysis of the entire system of interconnected business processes in a company.

In this review, we will mainly consider Business models that are used on the Internet.

Economic Substance Regulations Reporting Assistance

File your notifications accurately before the June 30th deadlineFile your notifications accurately before the June 30th deadline

• Understand the ESR provisions for your business

• Confirm what Economic Substance Regulations apply to your business

• Get your latest financial statements reviewed by experts

HR policy

The Human Resources Policy is implemented by the administration with the aim of forming a team of the required number of employees with:

• Honesty
• Loyalty
• Qualification
• Experience
• Potential

The Concept of Internal Control

One of the main functions of accounting is its protective function, which consists in ensuring the protection of the interests of the owner by creating a base for financial control. However, the implementation of a protective function requires the availability of controls. First of all, this is internal control.

Internal Audit Review

Now internal audit touches on a wider range of various aspects of the organization’s activities, helping management to identify and evaluate risks and develop measures aimed at reducing risks and improving the efficiency of systems and processes.

Internal audit is critical to managing company performance.

Tax Planning

Starting your business, you should consider a number of issues related to taxes. Business tax planning is a complex field and it is important to understand three main topics:

• Tax consequences when a business is formed
• Tax consequences when a business is already generating profit or loss
• Tax consequences of business distribution

Why Cash Flow is More Important

Cash flow is the lifeblood of any business

The goal of all business owners should be to have more cash. Cash is used to finance your salary, cover your overhead, pay your suppliers and purchase equipment.
Without a healthy and constant cash flow, your business will not survive. If you run out of money, then it’s time to pack.

4 Steps to Starting a Business in Dubai

Now, as never before, the best time to open a business in Dubai, UAE. The UAE is expected to grow in the Persian Gulf in 2021, as the flow of new tourists will sharply increase after the opening of the borders from July 01, 2020. The UAE is expected to significantly outperform the region’s largest economy, Saudi Arabia.

Business Collaboration

Collaboration is a powerful tool for all owners of small and large businesses, regardless of which industry you are in or what type of business you have. It is the relationships that you form with others, and the various ways of working with those people with whom you have created relationships that will help you take your business to the next level.

Cash Flow Checklist

Cash flow or cash flow, cash flow, cash-flow, cash-flow – a combination of time-distributed receipts (inflows) and payments (outflows) of money generated by the economic activities of an enterprise, regardless of the sources of their formation and appearance.

Cash flow is one of the most important concepts of financial analysis, financial planning and financial management.

Accounts Payable Management

Probably, it will not be an exaggeration to say that debt, the constant companion of mankind, has firmly entered our life and penetrated into all its spheres.

A special place in the life of modern society is occupied by monetary debt obligations. Their scope and prevalence are diverse. From a few rubles borrowed from a friend for a couple of days, to billions of dollars of government debt, which is almost never completely repaid.

The Main Areas of the UAE

Accounts receivable are legally enforceable claims for payment withheld by an entity for delivered goods and / or services that customers ordered but failed to pay. As a rule, they represent invoices issued by the enterprise and delivered to the client for payment within an agreed period of time.

Accounts receivable are recorded in the balance sheet as an asset. This is one of a series of accounting operations related to billing a customer for goods and services that a customer has ordered.

Abu Dhabi

Abu Dhabi is the capital of the United Arab Emirates and the Emirate of Abu Dhabi. The political, industrial, commercial and cultural center of the country, its contribution to the UAE’s GDP exceeds 56% (2008). The population of the city is 1,145,000 inhabitants (2013 data). Previously, the city was called Abu Zabi.

Abu Dhabi was founded around 1760. There is archaeological evidence of the existence of a settlement on this site from the 3rd millennium

Dubai

Dubai is the largest city in the United Arab Emirates and a deep-sea seaport, the administrative center of the emirate of Dubai, the most important trade and financial center of the UAE and the entire Middle East. Located on the shores of the Persian Gulf.

The Main Areas of the UAE

The main areas of the United Arab Emirates:

– Bur Dubai – the historical center
– Gardens – sleeping area
– Downtown – a business district under construction in the city
– Deira – the eastern trading part of the city
– Jumeirah – seaside residential area
– Dubai Marina – a residential area around the man-made bay

Sharjah

Sharjah – emirate in the UAE with the capital of the same name. Among the seven emirates that make up the country, it occupies the third place both in terms of area and population.

The emirate includes exclaves in the east of the country: Kalba, Dibba Al-Izn and Korfakkan. Near Sharjah is the second most important city in the UAE Dubai. The symbolic border between the cities is the road junction, which is half in Sharjah and half in Dubai.

Ras Al Khaimah

Ras al-Khaimah (the top of the tent) – the emirate in the north of the United Arab Emirates. The capital is Ras al-Khaimah. The area of the emirate is 2478 km², the population is 241,000 people (for 2009). The emirate has developed agriculture and fishing. Ras al-Khaimah running half marathon is held annually.

Fujairah (Al Fujairah)

Al-Fujairah (Fujairah; Arab, dawn) – the emirate in the United Arab Emirates. The capital is Al Fujairah. Area – 1166 km², population – 137,940 people (2008).

Unlike other emirates, it is located on the shores of the Gulf of Oman of the Indian Ocean. The territory of Al Fujairah stretches along the bay for more than 90 kilometers. A significant part of the territory of Fujairah is occupied by mountains, approaching the coast almost close to it.

Umm al-Qaivine

Umm al-Qaiwain (Arab, source of strength) – emirate as part of the UAE. The capital is Umm al-Qaiwain. Area – 777 km², population – 69 936 people.

In the south it borders with the emirate of Sharjah, in the northeast – with the emirate of Ras al-Khaimah. In the northwest is the Persian Gulf coast with a length of 24 kilometers. The territory extends to a depth of approximately 32 kilometers.

Ajman City

Ajman is the smallest emirate in the United Arab Emirates. The capital is Ajman. Area – 259 km² (0.3% of the country), population – 372 923 people (2008)

Population of the UAE in 2020

In 2019, the population of the United Arab Emirates will increase by 186 122 people and at the end of the year will be 10 018 218 people. Natural population growth will be positive and amount to 95,076 people. For the whole year, approximately 110,119 children will be born and 15,043 people will die. If the level of external migration will remain at the level of the previous year, then, due to migration reasons, the population will change by 91.045 people. That is, the total number of people entering the country for the purpose of long-term stay (immigrants) will be more than the number of people leaving the country (emigrants).

The Ethnic Composition of the UAE

Ethnic Arabs and indigenous people make up less than half the population. Most of all in the country of the Middle East live Indians, Pakistanis. In the UAE, the number of citizens from Bangladesh (700 thousand – 1 million), Iran, the Philippines (500 thousand), Egypt, Nepal, Sri Lanka (400 thousand), and Saudi Arabia is increasing every year. In the United Arab Emirates live 250 thousand Russians, residents of the CIS countries. The UAE is popular among Russians, Europeans in the tourism industry. About half a million Russian citizens visit the country every year.

Life in Dubai

Ethnic Arabs and indigenous people have privileges compared with immigrants. Indigenous people receive financial support from the state in social spheres and hold leadership positions. Free education, housing, the provision of jobs, the absence of tax obligations ensures UAE citizens a high material standard of living.