TGS Koya

  A set of predefined rules and regulations are made and adopted by the management or company board. Various companies worldwide operate under a set of pre-defined rules and regulations. Hence, the companies need to conduct any business with full transparency and fairness. Every country has different company laws and various businesses are governed by these company laws. These businesses are required to submit their periodic audits to concerned authorities and the company’s management. A business firm can hire the  best audit firms in Dubai   to resolve the issues. Mentioning below the different challenges faced by the company on the Audit front : 1. Legal Requirements & compliance:  As there are many Freezone companies in UAE so authorities in the UAE made it compulsory for such Freezone companies and Freezone Establishment to submit the audited financial reports annually. Only upon the submission of the annual audit report, the free zone license can be renewed....

  Dubai holds global significance as a business hub and is also considered as one of the most popular cities amongst the 7 emirates of the UAE. There are amazing benefits of opening a company in Dubai. The Dubai Government has allowed various types of business setups from around the globe as they are confident that foreign business will benefit both sides. Many people consider    Offshore company formation in Dubai   as one of the best ways to start their global business in the UAE. Mentioning below the advantages of opening a company in Dubai : Ease of business setup:  As the technologies are evolving rapidly in Dubai so starting a business there is easier now. In Dubai, the process of company formation is very easy to follow and requires less paperwork. Recruitment of Employees:  The business sector covers 60% of Dubai’s GDP.So there are a lot of business employment opportunities provided by private companies to recruit employees. No Taxation:  One o...

  Accounting functions can’t be ignored if an entrepreneur is running a small business in Dubai. Accounting is considered as a lifesaver for a business in both the cases of building an in-house accounting team or if an entrepreneur is outsourcing the process to  accounting firms in Dubai . An Entrepreneur cannot ignore accounts in any case as accountants show the mirror to the entrepreneur and the term accounting informs us whether our company is making a profit or running in loss, also helps them to evaluate the value of the company’s assets and liabilities, etc. Mentioning below the different types of accounting in Dubai : Financial Accounting : Financial Accounting refers to an accounting process that is mostly done by accountants. A process of keeping a track of a company’s financial transactions is known as Financial Accounting. Financial Reports are produced by the accountants by using specific procedures by local or globally accepted accounting standards. Accounting Man...

  As the Dubai Government has taken an initiative the Dubai Multi Commodities Centre (DMCC ) has come into existence. To provide business opportunities in the field of trading international commodities, the establishment of this free zone was done. The DMCC has become the topmost fastest-growing free zone with strategic location and important trade routes. To conduct the business easier, the free Zone provides different services such as transportation, logistics, and communication, etc. As per the rules and regulations, for All those companies which come under the free zone, only   DMCC approved auditors in Dubai  can conduct their financial audit. Mentioning below the reasons to choose the DMCC approved Auditor for free zones : As per the law, it is mandatory that only DMCC approved auditors can audit the financial audit of all the companies that come under free zones. This rule provides an edge to all the auditors to provide auditing services to the companies that come ...

  UAE has become one of the most attractive jurisdictions to set up an offshore company for large corporations as in 2003 the offshore companies were introduced in UAE. An offshore company is a business entity that does not carry out any business operations in its country of origin and it can be owned by individuals or a corporation.   Offshore company formation in Dubai   helped a large number of corporations to effectively manage their income and tax liabilities. Mentioning below the key benefits that make UAE the best destination for setting up Offshore Companies: 1.   Tax Advantages : In UAE, Most offshore companies are exempt from paying any taxes including personal income tax or corporate tax. 100% exemption from import and export taxes are enjoyed by Offshore companies. Value-added taxes (VAT) or taxes on capital gains or withholding tax are not applicable for offshore companies. 2.   The anonymity of the Business : Any kind of financial informa...

  Audit of Books of Accounts is compulsory for all the companies that are incorporated in the Mainland of UAE. As per the laws & regulations by the respective free-zone authority, Companies that are situated in all Free zones also need to get their Books of Accounts Audited. It is compulsory for Free zone Companies (FZCO) & Free zone Establishments (FZE). For the renewal of the company’s license, Free zone Authorities like DAFZA, DWC, JAFZA, Creative City Fujairah & DSO have made it mandatory to submit their audit reports. Auditing of books of accounts needs to be properly maintained to conduct a thorough, proper & comprehensive. As per the UAE Commercial Companies Law, all the companies in UAE are required to maintain the books of audit for at least 5 years.   Accounting and Auditing firms in Dubai  help these companies to maintain the books of auditing and accounting properly. Tgs Koya an auditing firm is also known as one of the  best Auditors in D...