Recent content by John Doe GOLDEN STAMP

Gentlemen, Is it really surprising that proper documentation and compliance checks are necessary? If we compare doing business in the UAE to, say, the UK (excluding tax rates), then the UAE is remarkably simple — smooth as a baby’s skin, so to speak. Personally, I’ve always been — and remain —...

Allow me to share a brief comment. While many speak positively about IFZA (though I personally have a very different opinion based on numerous real-life cases), I’d like to highlight something important regarding their so-called "Professional Partners", since IFZA operates exclusively on a B2B...

A salary certificate is a simple and individual document for everyone (it is made by hand and with any content). The specific amount in the KPI should not be mentioned in any of their official documents (remuneration can be for anything and anything, but it is always better to have supporting...

Exactly! This is the "Shadow" side of IFZA's "Professional Partners" - they actually do nothing (they just hand over your documents and fill out 1-2 applications when you need something) and IFZA and the latter process it all + these Partners are usually unqualified, and you can wait several...

Greetings to you! Everything is very clear. The best advice for you if you do not want to hire an accountant or pay for a detailed consultation is to visit the FTA website.

According to the results of a global study for 2022, the United Arab Emirates ranked second in the world in terms of cryptocurrency penetration among the population. Today, about 34% of UAE residents own or have invested in crypto assets. The state actively supports the crypto industry. Dubai...

2% of the employee's employment cost? Another point, after 20 employees, you join the Emiratisation and hire 1 UAE citizen.

Friends, maybe someone has faced this problem before. I wrote about it myself, but I didn't know that the situation had gone so far. So, in order to open a company in IFZA, this can only be done through a professional partner (like Fred in DLS Dubai, for example) there are many such partners...

The IFZA agreement stipulates: We accept payments for final recipients (customers) only from business partners. So, find the right one. Just before the final selection, check its adequacy and qualifications 100 times. Then it will be almost impossible to abandon it, as a result, problems will...

Good question!) Very good. It's time to admit that the line between official offshore and Free Zones (for most of them) has been erased at 0. That's what they're doing, to put it mildly... But it will be very interesting to listen to the specialists who run their business there. One of my...

Colleagues, IFZA will never give direct invoices for services (new license, renewal, new visa, audit, and so on). This is why there are a huge number of business partners. It's as old as the world. There is no point in trying to change something, the VM will not be given. How it works: The Free...

Let me agree with you)) It's not dangerous for small businesses. But if we talk about companies "exceeding their income by 375K", then audits, reporting, registration...headache. And yes, we are all waiting for the template when they finally have a single document (draft to fill out) for...

I'm sorry, I forgot to clarify. No, Dubai. It's interesting to hear the opinions of owners after the "earthquake". Although everyone is somehow so overestimating the complexity of Corporate Tax..... Yes, the government itself doesn't know all the details yet (to say the least). But "increase...

I managed to open a number of companies in Free Zones (for myself and clients) before recent events. A tax-free paradise and no reporting? That's part of it. But in the year 24, the border between Mainland companies controlling foreign Trusts and Free Zones has practically been erased. in...

Emiratisation, yes. Keep your staff to 20 people and that's it.. It is also important to mix nationalities. But I don't see any problem to hire some familiar Emirati after 20 personal employees. P.S. Fines from 50 to 500 thousand dirhams.