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The feasibility study of a project examines and determines a number of variables and finally draws conclusion, whether the proposed venture is worthwhile or profitable, now or in near future. Although, factors like hard work, passion, a clever business idea and astute businessman, all contribute in the success of a business but before jumping for...

The UAE government issued Economic Substance Regulation (ESR) in April, 2019 and thus, introduced requirements for the UAE entities to maintain an adequate economic presence in the country, of course in relation to the activities they undertake. In fact, the UAE Federal Tax Authority (FTA) has begun the process of introducing many economic substance regulations...

Establishing and running a business in Dubai is fairly easy primarily due to the trade-friendly policies of the UAE government. Many Emiratis, expats and multi-national companies have jumped to the chance and availed the opportunity. If you’re looking for an expert for business plan writing in Dubai, partner with MBK Auditing. In the space of...

In UAE, the Central bank governs the banking laws. It regulates commercial banks, investment banks, Islamic banks, money changers, financial and monetary intermediaries, financial investment companies, finance companies, and commercial banks. The banking laws in Dubai also govern locally established banks or branches of foreign banks. These establishments are offering commercial banking services in the...

The anti-money laundering law (AML) describes  a perpetrator of money laundering offence as any individual, who is aware that the money is sourced from a felony or misdemeanour and still continues to transfer, conceal, acquire, helps someone to acquire such money, or possess such money intentionally and deliberately. Transporting or transferring the proceeds of crime,...

Running a business? If yes, then ask a few questions to yourself. Whether your staff has the necessary skills and experience to accomplish the complicated job of accounting and bookkeeping? Whether the employees have the ability to deal with the increasing responsibilities of accounting? And if the answer is no, then it’s the right time...