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Everything you need to know about UAE Golden Visa!

What is UAE Golden Visa? The UAE government had introduced golden visas in 2019 which allowed long-term residency up to 5 or 10 years. Being a great opportunity for many people, UAE had also imposed some restrictions on the eligibility criteria of the golden visa by restricting it to specific people only. One of the […]

BestaxCA Partners up with Zoho!

BestaxCA Partners up with Zoho, October 2021. Bestax Chartered Accountants is delighted to announce their partnership with Zoho ERP Software. Zoho Office Suite is one of the best accounting softwares in the market containing word processing, spreadsheets, presentations, databases, note-taking, wikis, web conferencing, customer relationship management, project management, invoicing, and other applications, and Bestax Chartered […]

How to Check TRN Verification in Dubai?

When the VAT registration application is submitted and approved, the authorities assign a TRN to each taxable business in the United Arab Emirates. The FTA issues this VAT number for tax group registration purposes, which should be attached to each supply. In this article, we will thoroughly discuss each point related to TRN verification in […]

Outsource Accounting and Bookkeeping Services in Dubai

Each small, medium and large size company needs accounting and bookkeeping services to keep track of its financial records. Maintaining well-defined books of account is more essential when your business deals with both national and international clients. The main aim of bookkeeping is to provide a clear insight into the business, predict its future growth. […]

How to Find Best Auditing Services in Dubai?

Every business registered in the UAE must conduct an audit by following UAE laws to generate revenues. It verifies the books of records, due taxes and claimed refunds and many more other financial or non-financial matters. There are multiple types of audit such as Internal audit, external audit, Statutory audit, excise tax audit, Financial audit, […]

A Complete Guide to Tax Residency Certificate UAE

The United Arab Emirates is the fastest developing business hub all around the globe. It converted itself from a desert city to a leading city of the world-class trade sector. The UAE has a diverse economy that attracts investors through its favorable tax policies. The government and the authorities are sincerely concerned about the fair […]

BestaxCA Provides Exclusive VAT Services in UAE

The United Arab Emirates government released value-added tax (VAT) on taxable supplies and imports with a 5% VAT rate. The VAT law has been enacted from 1st January 2018 on the mainland and free zones of UAE. Each taxable firm operating in Dubai, Sharjah, Abu Dhabi and other Emirates must take VAT services in UAE. […]

How to Apply for VAT Registration in UAE 2022

UAE belongs to the GCC group and promises to implement all necessary tax policies to ensure investors that setting up a business in UAE is a worthwhile endeavor. The important announcement is that all companies operating in the United Arab Emirates must record their financial records and transactions to obtain VAT compliance as per FTA […]

List of Documents Required for VAT Registration in UAE

Documents Required for VAT Registration in UAE Value Added Tax (VAT) is levied on all the stages of the supply chain to boost the economy of countries. Developing countries in the Gulf Cooperation Council have recently registered themselves under VAT laws and implemented them on January 1, 2018, with a VAT rate of 5%. All […]

Anti Money Laundering Laws and Penalties in the UAE

Money laundering and financing of terrorism are serious criminal acts that threaten the stability, safety & security of businesses and society as a whole. The UAE government enacted anti money laundering laws to stabilize the financial system of individuals, enterprises, and other related parties.  The AML Law made by the Financial Action Task Force (FATF), […]