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Latest insights, case studies and news
from across the network
Leave policies are not the same for all countries. Hence, it is obvious for employees to have doubts regarding the policies and their right to paid leaves.
December 1, 2020
Saudi Arabia has decided to increase the minimum wage of employees from 3000 riyals to 4000 riyals.
November 30, 2020
A perfect amalgamation of both, business valuation, relies on scientific evidence & methods and qualitative artful considerations.
November 29, 2020
The much-awaited law pertaining to 100% ownership for foreign nationals while starting a business in UAE
November 25, 2020
Dubai Owners’ Associations were required to apply for VAT deregistration..
November 19, 2020
In addition to any sums to which the worker is entitled to upon the expiry of his service, the employer shall pay the end of service gratuity to the worker...
November 18, 2020
Every company functioning in the Dubai mainland and free zones are required to maintain the book of accounts for at least five years, which makes it mandatory to audit their...
The benefits of auditing are still unknown to many; people still doubt the need of auditing to run a company. Auditing is the technical service to the economy to analyse...
Tax residency and commercial activities certificates will now be issued via the Federal Tax Authority and not the Ministry of Finance.
November 17, 2020
Auditing reports contain the opinion on the audit made by the independent auditor after going through the organization’s financial statements and other documents,
The UAE recently announced that it will grant the 10-year golden visa to all PhD holders, physicians, engineers in the fields of computer engineering
November 16, 2020
Accounting and auditing work hand in hand; while accounting encompasses all the activities of a business, auditing is more of a specialized process.
An auditor will help you sort out your business issues and will provide you with solutions for the projected problems.
UAE is home to different nationalities and has people with different cultures residing here Considering the wide cultural mix the government
November 15, 2020
The service charge budget review is mandatory for every owners association operating under the regulations of RERA.
November 12, 2020
The RDC or the Rental Dispute Center was established as the judicial wing of the Dubai Land Department to deal with the rental disputes and conciliation procedures
November 11, 2020
Auditing is quite a complex process, that demands immense hard work and dedication. Here we will discuss in detail about the auditing process in UAE.
November 2, 2020
Dubai has come up with yet another economic stimulus package to support the economy and people. The new package amounts to AED 500 million
October 28, 2020
UAE businesses, including the ones that had already filed ESR notification, are required to file or re-file ESR notification through MoF’s dedicated portal.
October 27, 2020
UAE based businesses will have to pay penalties for voluntary disclosures, from the date of the original VAT return in which the error
October 26, 2020
Upon the end of the work relation, the employer shall pay the worker an end-of-service award of a half-month wage for each of the first five years
October 25, 2020
UAE recently replaced Cabinet Decision No. 34 of 2020 with Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures Related to Real Beneficiaries (“Decision”)
October 20, 2020
Oman has been facing severe economic crisis even before the spread of the COVID-19 pandemic and the fall of the crude oil prices.
October 18, 2020
Article 116 of Bahraini Labor Law states, categories of workers to whom the Provisions of the social Insurance Law are not yet applicable,
October 14, 2020
Dubai International Financial Center (DIFC) has come up with a new Data Protection Law (DIFC Law No. 5 of 2020), replacing the current regime.
October 12, 2020
For a layman, payroll is all about getting your wages paid on a specific date of every month. But it is much more than that.
October 1, 2020
Oman has decided to set the minimum wage of all Omani national employees to 325 Omani riyals, irrespective of their educational qualification.
September 30, 2020
Designed to evolve with the needs of a business, HLB HAMT’s payroll Process in UAE help you save time and money and streamline payroll
September 23, 2020
Article 39 of the Labor Law (Royal Decree 35 of 2003) states as follows regarding Gratuity; On the termination of the relation
Qatar raises the minimum wages of laborers by 25% a month and the country also lifts restrictions on changing jobs. Initially the permission from
September 22, 2020
United Arab Emirates (UAE) becomes the first Arab country to grant 5 days of paternal leave to private sector employees.
There have been certain changes to the rules and regulations pertaining to economic substance regulations in the UAE.
September 21, 2020
To increase post-pandemic readiness and win in the new world, HLB International have identified five strategic priorities to unlock
September 17, 2020
The Dubai government has introduced “Retire in Dubai”, a scheme that gives expats an opportunity to apply for a retirement visa.
September 14, 2020
Leading management consultants today are articulating the same thought differently. They say that if you want to really know how your people are doing
September 7, 2020
Dubai passed the Executive Council Resolution (No. 23) of 2020 earlier this week, as per which no government-owned businesses
September 6, 2020
The employee who has completed one year or more in the continuous service is entitled to the end of service remuneration at the end of his service
August 19, 2020
The UAE Wages Protection System (UAEWPS) is an electronic salary transfer system that allows institutions and organisations in the private sector to pay their employees through banks,
August 18, 2020
COVID-19 has brought a major shift to the businesses, customer preferences and interests. It has become a question of survival
August 17, 2020
The United Arab Emirates has brought in a new measure to strengthen the economy by delivering a three-stage “flexible package”
August 13, 2020
Economic substance regulations is not a novel thing anymore. Entities in UAE are aware of the regulations and most of them have already filed the notification.
July 29, 2020
The government of Saudi Arabia has extended expatriate visas and residency permits for a period of three months, without any additional charges.
July 17, 2020
Dubai has announced a third stimulus package worth Dh1.5 billion to support the economy at the time of Covid-19. Sheikh Hamdan stated that
July 16, 2020
The citizens and business owners in the UAE are still processing the thought of being a VAT payer; it is applicable to every entity which has a minimum turnover of...
July 12, 2020
COVID-19 has ceased the flow of businesses and has caused a tremendous effect on the economy. The disruption in the business has forced people to adopt new
July 2, 2020
Key concern regarding the economic substance notification in the UAE is discussed detail here. Be free from doubts regarding Economic substance notification.
June 27, 2020
The entire world is united and fighting a pandemic that has disrupted lives and locked us inside our homes.
Key facts on UAE Economic Substance Regulations Relevant activities.
The United Arab Emirates Cabinet has issued the Cabinet of Ministers Resolution No.31 of 2019 and it requires all in-scope UAE entities to maintain an economic substance.
June 13, 2020
DIFC has extended the deadline to submit Economic Substance Regulations(ESR) notification from 12th June to 30th June.
June 10, 2020
The pandemic has resulted in unpredictable changes across the whole world. COVID-19 caused significant challenges to people and business organizations around,
June 4, 2020
The UAE government had come up with a landmark initiative last year, allowing complete ownership to foreign investors
May 25, 2020
The COVID-19 outbreak has brought about rapid changes around the world which has compelled governments to take drastic measures to contain its spread.
May 20, 2020
The impact of coronavirus on businesses has made us realize the importance of diversification. When a particular product or service suffers due to the pandemic,
May 17, 2020
Saudi Arabia has decided to triple its VAT, from 5 percent to 15 percent. The measure is being taken to support the coronavirus-hit economy and it will be effective from...
May 12, 2020
Expo 2020 has been one of the most anticipated events that the entire world was looking forward to. But, unfortunately the current pandemic
May 10, 2020
Robotic Process Automation does not need an introduction anymore; it has been in use for a while and is quite trending.
April 28, 2020
Robotic Process Automation is one of the most trending technologies in the world that uses software robots to streamline the tedious workflows
April 26, 2020
The current health crisis the world is witnessing today is truly unexpected and unfortunate. We have never experienced a crisis like this before that forced us to confine within the...
April 21, 2020
The UAE Ministry of Finance has recently published a document to provide guidance to UAE businesses on “Relevant Activities” and their associated “Core Income-Generating Activities”.
April 19, 2020
The phrase “we are living in unprecedented times” has probably never ever been used more often in history than in the last few weeks.
April 15, 2020
The coronavirus pandemic is creating enough havoc in our lives. People are worried about their health, job, and economy and to add to these, fraudsters are trying to take advantage...
April 12, 2020
Technology influences every aspect of the business landscape. Companies have started to embrace emerging technologies to keep pace with the competitive corporate world
April 9, 2020
Many of us have a notion that emergency and disaster planning are the core responsibility of IT team. While they do have a major role in managing crises,
April 8, 2020
Leave policies are not the same for all countries; it varies from one to another. It is indeed mandatory for a person to know the leave policies of the country...
April 7, 2020
The coronavirus outbreak has resulted in millions of employees working from home and there are many companies that are forced to cease their business
April 2, 2020
Companies based in Dubai free zones need not worry about paying rent for the next 6 months. The Dubai Free Zones Council has come up with a major relief package
March 31, 2020
The entire world has come to a halt because of the coronavirus pandemic. People are placed under home quarantine and there are many who are unable to go to their...
March 29, 2020
In today’s business environment, having employees work from home is something that organizations need to consider as a new reality.
Liquidating your business in the UAE might seem like an easy process when compared to starting one. But this is just a misconception as liquidation process..
March 28, 2020
Business is as unpredictable as life. Today you might be a successful businessperson, having built an impressive empire, but tomorrow
When a person fails to charge and account for the correct amount of output VAT or does not recover the correct amount of input tax,
March 16, 2020
Expo 2020 is a platform that promises creativity, innovation, and cultural diversity. With just months to go for the most awaited event,
March 5, 2020
There are many things that CEOs need to prepare or to be ready to accept in the next decade – and it won’t be as easy as the previous one.
March 4, 2020
HP’s $11.1 billion acquisition of Autonomy was one of the biggest tech acquisitions in history. What actually stole the headlines is not the news of acquisition or the money involved,
March 3, 2020
It has been 2 years since UAE introduced VAT and the implementation has been successful so far. But people are still skeptical about the whole process and its application across...
February 18, 2020
HLB’s Survey of Business Leaders aims to inform and stimulate the debate on how businesses are preparing for the 2020’s. Findings show CEO’s face an execution challenge in the new…
February 10, 2020
The Federal Tax Authority has issued a Public Clarification (VAT P017) for “TimeFrame for recovering Input Tax”. This Public Clarification clarifies the FTA’s position relating to
The UAE government is continuing to show leadership when it comes to clamping down on unhealthy products being produced for human consumption
February 9, 2020
Automation Anywhere has announced a partnership with HLB HAMT, to deliver RPA products as part of their Accounting, Audit Assurance, and Business Consultancy practices.
February 3, 2020
Dubai International Financial centre, a special economic zone in Dubai, has introduced a workplace savings scheme, which replaces the existing end-of-service gratuity benefits.
January 22, 2020
Accounting is not just about numbers; it’s much more than that. The field of accounting has undergone a significant transfiguration in the last decade, which is mainly due to the...
January 20, 2020
2019 was a significant year for UAE, with numerous new policies, amendments and developments. 2020 is not going to be any different; it is going to be the beginning of...
January 19, 2020
UAE has welcomed 2020 with a great news for tourists; a five-year multi-use visa. The visa will be implemented in the upcoming four months and people of all nationalities can...
January 8, 2020
Audit firms in the UAE have recently witnessed a transformation which has changed traditional audit styles, and this is mainly due to the emerging technologies such as artificial intelligence.
January 6, 2020
Dubai SME has recently introduced a new business incubator named Bedayat, to promote entrepreneurship and innovation in the emirate.
December 25, 2019
The year of tolerance has come to an end and its time for a new beginning. This time the government of UAE has decided to take a different route, by...
December 23, 2019
Blockchain and artificial intelligence are the latest buzzwords in technology, that has the potential to transfigure industries. The government of UAE realizes the power of these advanced technologies
December 12, 2019
In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors,the Department Economic Development in..
December 10, 2019
There has been widespread scepticism and fears that the integration of emerging new technologies like AI into an industry such as HR would inevitably lead to multiple job losses.
December 3, 2019
Expo 2020 is the current buzzword that has been stealing the limelight for quite a while. Ever since Dubai was selected as the venue to host the event,
November 27, 2019
UAE, a highly advanced digital economy, has been at the forefront of embracing technologies, be it blockchain, artificial intelligence or cloud.
November 20, 2019
The UAE Cabinet has approved a new Federal Law to manage insolvency cases, wherein support will be offered to debt-ridden individuals to repay debts within a span of three years.
November 18, 2019
IFRS 16 is an International Financial Report Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases.
November 5, 2019
The UAE has decided to implement excise tax on all e-cigarettes, e-liquids and several soft drinks. The government had initially planned to introduce the rule from the beginning of next...
October 27, 2019
The world logistic passport is the recent initiative by the government of UAE, which is a part of the implementation of the first phase of the Dubai Silk Road strategy.
October 21, 2019
The United Arab Emirates (UAE) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements, that will be applicable to businesses that have a legal entity
October 13, 2019
The UAE has the most diversified economy in the GCC. The country was reliant on oil and gas for centuries; but of late the government has started giving equal prominence...
October 9, 2019
Ever since the introduction of economic substance regulations in UAE, people have been raising queries about numerous things related to it.
October 6, 2019
With all industries evolving at a faster pace than ever before, making the right decisions based on consistent and clear data is key for any company.
September 23, 2019
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