Emirates ID
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What is Emirates ID? How To Apply For Your Emirates ID?

What is Emirates ID? Emirates ID is an identity card issued by the Federal Authority for Identity, Citizenship, Customs and Ports Security-ICP. UAE citizens and residents are legally required to apply for one and carry it with them at all times. Why and Who needs Emirates ID? Emirates ID is mandatory for all UAE citizens…

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Business Set up in Dubai. Mainland I Freezone I Offshore

Business Set up in Dubai Mainland I Freezone I Offshore What is Mainland in Dubai? Business setup in Dubai mainland allows companies to trade within the local markets as well as conduct business internationally. The company is registered under the government authority which is the Department of Economic Development (DED) — the relevant emirate’s DED…

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Difference Between Cash Accounting and Accrual Accounting

Cash Accounting vs Accrual Accounting Accrual accounting is the preferred method of recording transactions because it provides a more accurate representation of what actually happened during the period being reported. Cash accounting, on the other hand, records only those transactions that were completed during the reporting period. Your accounting system will affect several things. For…