Ghulam Farid is EZONE's Finance Manager, overseeing corporate tax, VAT and financial compliance guidance for UAE company formations.
A UAE business credit score reflects how reliably a company pays its obligations, and it increasingly affects loan approval, supplier credit terms, and even how banks price a corporate account relationship. Key Takeaways Business credit scores are separate from personal credit scores, even for a sole shareholder, since the company is its own credit-reportable entity. […]
UAE banks now scrutinise where a company’s money actually comes from, and a business that can’t clearly explain its source of funds is one of the most common reasons a corporate bank account gets delayed, frozen, or closed. Key Takeaways Source of funds and source of wealth are different questions. Source of funds asks where […]
An external audit in the UAE checks whether a company’s financial statements are accurate, and it is mandatory for most free zone companies and many mainland companies, not an optional extra. Key Takeaways Audit and accounting are different services. Accounting produces the financial records; auditing independently verifies them. Most free zones require the audit to […]
Who qualifies for UAE Small Business Relief, how to elect 0% Corporate Tax on revenue up to AED 3 million, and what the August 2026 extension to 2029 means.
When VAT deregistration is required in the UAE, the 20-business-day deadline, the penalty for missing it, and what obligations continue after deregistering.
MOHRE has issued Ministerial Resolution No. 0340 of 2026. Effective today, June 1, the 1st of every Gregorian month is now the unified wage payment deadline for all private sector businesses in the UAE. Non-compliance triggers automatic penalties with no warning period. This is what you need to know — and act on — right […]
The UAE introduced corporate tax in 2023. Free zone businesses weren’t simply exempted. Whether your company still pays 0% depends on a set of conditions that most founders haven’t checked — and most accountants haven’t explained clearly. Here’s the simple version. If you have a company in a UAE free zone, there’s a good chance […]
Table of Contents Anti-Money Laundering (AML) Requirements: In the UAE, Anti-Money Laundering (AML) requirements do not apply equally to all businesses. They apply to specific sectors—designated non-financial businesses and professions (DNFBPs), financial services activities, and other regulated categories that involve exposure to financial transactions, client funds, or high-value assets. If your business falls into one […]
A practical guide to the UAE VAT framework updates for 2026. Discover what’s changing and learn how to prepare your business in advance. Small businesses can check where they stand against the AED 375,000 threshold in the UAE VAT registration threshold explained. Introduction Significant changes are forthcoming to the UAE’s VAT regime, aimed at simplifying, […]
We could not confirm the timeline for smaller businesses in the sources we checked, so confirm the date for your revenue size with the Ministry of Finance or the FTA. The text…
