How to register will at Abu Dhabi Courts?

The United Arab Emirates is the second home to a huge number of expatriates who leave their country of origin to live and work in the country in search of better jobs and lifestyles. Most of these expats are unaware of the local laws which leave them in a fix when a sudden challenge hits them. The Abu Dhabi Government allowed the non-Muslim expatriates in May last year to decide on the distribution strategy of their movable and immovable assets in an event of their loss of life. The local government also allowed the non-Muslim expats to distribute their assets without Sharia law being applied on their wills in Abu Dhabi.

The following step-by-step guide will help you in getting your will registered at the Abu Dhabi Judicial Department. First of all, you need to know that you can go about the whole procedure alone and don’t have to hire a legal expert, but it is always better to have a learned legal expert to ease up the process.

  1. The first step is to draft your will. An efficient legal will has roles of beneficiaries, executors, guardians (if any) defined in a detailed manner. Moreover, it also details how you want your assets to be distributed among your heirs after your demise. While mentioning the names of beneficiaries, executors, and guardians, always make sure to write their full names, nationality, date of birth, and place of birth besides mentioning your relationship with them. These details will help the legal authorities to streamline the process without any hassles.
  2. Your will must be translated in both Arabic and English languages. The translation in Abu Dhabi would cost around 1500 AEDs to 2000 AEDs (depends on the case). Always make sure to find a translator who is registered with the Abu Dhabi Ministry of Justice Department.
  3. You should bring your Emirates ID (both original and copy), passport (both original and copy), three copies of the will (one for the court, two for you), and title deeds (only if your will has a mention of properties).
  4. The next step is to book an appointment by logging on to the registry’s website. You can create your account on the website if you’re over 21 years of age. You will have to submit an online fee of 500 AEDs. After submission of fee, you would be able to fix an appointment.
  5. You may finally visit the court which is located at Al-Khaleej-Al-Arabi Street, close to Zayed Sports City. You should take a token from the reception and then wait for your turn. It is important to note that the Abu Dhabi courts operating from 7:30 a.m. to 3:00 p.m. from Sundays to Thursdays.

For information about the DIFC wills in Dubai, please follow the link.

What You Need to Know About VAT in UAE?

On January 1, 2018, the United Arab Emirates (UAE) and the Gulf Cooperation Council (GCC) member states are all set to join a list of 150 countries who have implemented Value Added Tax (VAT). The upcoming tax regime will not only affect the working class but will also have an impact on the businesses. Economic and taxation experts have been voicing concerns about the implementation of VAT as they believe the new tax would lead to operational risks for businesses and companies who will have to chalk out new and clear strategies to maintain growth of their businesses and not get majorly influenced by the VAT. You may know more on the complete VAT training Dubai here.

 

The new legislation has already sent shockwaves among the diaspora of international community living and working in the United Arab Emirates. According to a recent survey conducted by the CFA Society Emirates, around 82 percent of the recipients were of the belief that the implementation of Value Added Tax will skyrocket inflation rates across the seven states in the United Arab Emirates. As we look into the details, we come to know that four groups, i.e. government, business, consumers, and consultants, form the four stakeholders of the new legislation.

 

The International Monetary Fund (IMF) had predicted that the GCC governments will be facing a cumulative fiscal deficit of around 350 billion U.S. dollars over the next five years. The IMF released the forecast by basing its estimate on an oil price of 56 U.S. dollars per barrel. This is a massive amount for a five-year period, there the GCC states are forced to find the alternate ways to plug this deficit or they will end up borrowing from the international financial institutions. By implementing VAT, these governments can collect 1.5 percent of the total GDP, which is one-fourth of the total deficit. Wherever the VAT has been implemented so far, the end effect has been on the consumers who pay the tax on every purchase they make or every service they acquire.

 

In the equation of four stakeholders, governments are regarded as the main beneficiary but they will have a headache of ensuring proper collection of taxes. They will have to put into place a necessary infrastructure to supervise and collect the VAT. Another challenge for the governments would be to maintain their image of a tax-free haven for the expats. The recommended site will give your further insights into the full impact of the VAT on consumers in the UAE and GCC member states.

Know More About Pro Services

It is unique and loved, and has been used by many businesses in Dubai, and UAE. It is the services like sectorial where you as a businessperson can enjoy the best advice from industry pro service. Call it a pro or a company secretary, they offer pretty much the same service to entrepreneurs in different categories. These industry gurus know all the ups and downs, lefts and rights of business. Being in the know means they have more knowledge when compared to many businessmen around you. As such, hiring a pro service to make your business prosper is a great idea. However, before you go out and look to hire pro services in Dubai, there are things that you might need to consider. For instance, you must ensure that the pro service you are about to hire belongs to the same industry as your business. Also, the pro service is going provide you lessons on almost all aspects of your business, you must stride hard to find the right service only. Remember, for those of you who are new to Dubai and have little knowledge about the place, hiring a proficient, reputable pro service is perhaps the best deal. Here is more on why hiring a pro service is a great ideal:

Knowledge

The moment you land at the Dubai airport, you are excited for a number of reasons. Being at the finance and business capital of the Middle East is a unique but positive feeling. You have great ambitions but little knowledge. Similarly, you have great desire but know little about how to and where to look for business. In short, you have many ifs and buts in mind and perhaps don’t know where to look for. It is time to let go your worries, as finding a pro service is only a survey away. That’s right, the survey will not only help you find the best service, and it will provide you advices on various aspects of the business. For instance, the pro service will tell you which area of business to invest and why to do so. This means that you will have a solid reason to invest in a business in Dubai.

Moreover, your pro secretary will also inform you about precautions you need to make while investing in Dubai. Worry not, as these precautions are merely there to keep your money safe. If required, your pro service can also assist you in different departments like administration, legal and financial domains.

Visit website to learn more about Pro services and how to make the most out of yours.

Read This Before Renting Co-working Spaces

Are you satisfied with your premises? If not, you must have considered a number of options before deciding to move to another place. Now that you are at it, there is no harm in considering different options. Start by making a list of options that you expect from your new workplace. If you work alone or have a small team comprising of few members only, renting a co-working space may be a great idea. These are small suites where one or more small businesses join hands to share the space. They’ll share the monthly or yearly rent too. It is a great opportunity to work and communicate with different teams. You and your staff get to know others and learn a lot of things. Moreover, you get all the facilities that you would get in a large office suite. Here is more on why finding adequate co-working spaces in Dubai is a great idea:

Better Than Working From Home

if you’ve been working from home for a while, you know how difficult it can be at times. You tend to feel bogged down and there is no one to cheer you up. Off course, workplaces are not meant to cheer each other up, but you do need someone to help you grasp things and help you out of trouble sometimes. According to Harvard Business Review study, people who work in co-working spaces tend to thrive more than those who work alone. However, the study also reveals that people don’t just thrive out of thin air. In fact, they might not if the co-work shared space lacks proper work environment. It is now evident that the space should be adequately designed and must look like a workplace, not a drawing room.

Work Experience

The second most important facet of working in a co-working shared space is the experience. You tend to work with people you don’t know, and learn things you never heard off before. Apart from this, the same can be said about the other team. In essence, you don’t just learn, but also gain adequate experience out of working together in a shared space. This will prove pivotal to your career and business in the longer run. Who knows you might learn things that you could utilize better someday.  Autonomy is another benefit that allows people take their decisions with freedom.

So, whether you are exploring business centers in Abu Dhabi or a co-working shared space, you will likely benefit in both cases.

How you can benefit from ERP and business intelligence

ERP and business intelligence solutions are a set of prebuilt solutions which are aimed at delivering intuitive and role-based intelligence to all the staff members in an organization right from the front-line employee to the senior most managers.  These business applications are aimed at ensuring that the entire system can aid in better decision-making, ensure informed business actions and smooth flow of various business processes.

Those who have previously indulged in programming and database development and implementation would surely agree that the use of database management and ERP systems developed by ERP software companies in Dubai has become quite common in the recent times. Therefore, any ardent database management expert out there should understand the critical role that these business intelligence applications and enterprise accounting software play in an organization.  Remember, databases are not just created to store data and archive. The same data is required for purposes of decision making from time to time.

These business intelligence applications are normally created for use in heterogeneous cases. Therefore, these solutions are meant to enable an organization to gain the right amount of insight from a diverse range of sources and applications.  These applications might include as a minimum; Oracle e-business, Siebel, PeopleSoft, and other third-party applications such as SAP.

What are BI applications built on and what are their benefits?

Oracle business intelligence applications and ERP resource solutions are normally built on the Oracle business applications suite enterprise software edition. The said applications are then used to help organizations get to understand and explore their full potential.  These business benefits include inbuilt best practices, rapid deployment, and lower TCO.  A business can still extend the same business intelligence solutions so as to suit their internal needs and requirements.

Therefore, BI solutions are mainly used to enable a wide range of businesses of whichever size to thrive. This is achieved by making sure that these businesses are now able to discover the various ways through which they can strategize, optimize their business operations, plan and even capture new market opportunities for increased sales and profits.  Therefore, the role of business intelligence applications is felt in three major ways. These are:

Business performance management

Business intelligence applications and ERP systems by ERP solution providers in UAE help businesses to forecast and plan with more precision. These applications also help businesses to align their finances and critical business operations.  The same applications go further to accelerate business reporting processes thereby leading to increased transparency and consumer confidence in your business.

Gadgets and Tech Systems Must-Haves For Smart Offices

Smart offices are all the rage today. With all the gadgets and tech systems coming out and being up for grabs, business owners and managers take advantage of these advancement in able to help their subordinates.

If you are planning on giving your workspace a tech-makeover, here are some of the tech must-haves you need to procure for your office space:

  • Intercom system

Intercom and telecom system is an only system used by traditional companies, but smart offices can still reap from the benefits of having a trusted internal and external telecom system to ensure that communication amongst offices and departments are clear and messages are delivered to a specific person. To update the system, you can use state-of-the-art telecom system provided by intercom system Dubai companies. This would easily upgrade your communication channels.

 

  • Topnotch security system

Every business owner aims to protect their business as this is their investment. To elevate the level of your security, be sure to install cutting-edge CCTV and alarm system inside the office and as well your office perimeter. This could help on monitoring activities inside the workspace as well as to deter possible threats that will come from the outside. Ask your trusted CCTV companies UAE experts to install alarm system and security cameras on strategic locations.

 

  • Biometrics and access control system

Another added security feature that you can procure is having an access control system to control people coming in and out of your office. Normal ID can do very little when it comes to identifying people going inside your office premises. Having biometric and a tight access control system to secure entry and exit points. An access control system also allows your security team to monitor the movement of people inside the space and you can customized the access of each employee so should want to restrict them on going on places where they shouldn’t be.

 

  • State-of-the-art connectivity

Internet is what keeps the business moving. You and your employees use it to connect and communicate with your clients, look for necessary information needed for your business research, etc. With strong connectivity, office work is much easier and convenient. Be sure that you have strong internet connection in your office space at all times.

 

  • Big data storage

Data is considered gold nowadays. A lot of companies are providing data services to other companies. Even a small company needs to have a proper data storage system that would safekeep all your company’s sensitive information.