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The Cost of Living In Dubai: Your 2024 Guide

Do you have aspirations of opening your own company in Dubai? Or are you trying to find long-term ways to relocate to this vibrant city? This vibrant city is a great place to relocate and make investments! Before you leave for your trip, let’s discuss the cost of living in Dubai. This area has changed in cost of living and is renowned for its cutting-edge technology. We have addressed all of the major facets of food in Dubai for 2023 and 2024 in our extensive guide. You can decide wisely on your future in this amazing city with the help of our guide. ![Cost-of-Living-In-Dubai](https://www.penieltech.com/blog/wp-content/uploads/2024/02/The-Cost-of-Living-In-Dubai-1024x1024.png) Is Living in Dubai Affordable? ------------------------------- In comparison to other prominent expat destinations such as Hong Kong and Singapore, Dubai has made a name for itself as a low-cost living choice. As per the 2023 Mercer Annual Cost of Living Survey, living in Dubai is feasible without breaking the bank. Hidden Cost of Living in Dubai ------------------------------ Be ready to shell out extra cash for things like phone, internet, and utility bills, which run about AED 500 (INR 11,317 ) a month on average. Having health insurance is essential because healthcare in Dubai is quite expensive. AED 8,000 (INR 1.81 L) should be at least part of your monthly budget for a modest lifestyle, including sporadic social events and impulsive purchases. > **_Also Check_** > > **_[Top 10 Supermarkets in Dubai](https://www.penieltech.com/blog/top-10-supermarkets-in-dubai/)_** Here are some tips to help you reduce your monthly cost of living in Dubai even further. * Your cost of living is greatly impacted by your lifestyle choices. Put necessities before wants and go for affordable solutions like cooking at home and taking public transit. * Due to the current lack of income tax in Dubai, which means that you receive the exact amount stated in your offer letter, pay expectations differ significantly from the salary that is paid. Before making the change, find out what the typical salary in your field is. * Dubai is welcoming to all budgets and is not just for the wealthy. Adjust your way of living to your financial situation and discover the city’s undiscovered treasures that lie behind the flash and sparkle. Tips for Living in Dubai ------------------------ Being able to pay your “expenses” is not enough to survive in a place like Dubai. It also involves interacting with others and sharing a good tuning while fully immersed in the different working cultures. Because of this, we’ve included some extra survival tips for Dubai below. * Acquire some basic Arabic language skills to establish rapport with locals and possibly bargain for better terms. * Dubai is known for its opulent lifestyle, stunning scenery, and rich culture. Thus, behave appropriately, shake hands with new acquaintances, take off your shoes outside of houses and mosques, and abstain from spitting and littering in public areas. * Benefit from all of Dubai’s year-round bargains and promotions, particularly during shopping events like Dubai Summer Surprises. * Take into consideration obtaining a Dubai resident’s card, which provides savings on a range of facilities and services. * Recall that creating a budget is an ongoing effort. To make sure you stay within your means, keep track of your spending and modify your lifestyle as necessary. Analysing Dubai’s Cost of Living --------------------------------- Dubai has several attractions since it fosters both a prosperous financial climate and a vibrant city life. It is critical to comprehend the various elements that go into it. Housing accounts for over 30% of living expenses on average, making it the most major contributor. Transportation and food come in second and third, each contributing 15% to the overall cost of living. ### **Monthly Salary** Median salary (monthly) 13,800 AED Average salary (monthly) 15,700 AED **Cost of Living in Dubai: For Singles, Couples & Families** ------------------------------------------------------------ Monthly expenses for 1 person 5000-5500 AED Monthly expenses for a couple 8000-9000 AED Monthly expenses for a family of 4 17500 AED ### **Accommodation** ##### **Monthly rent:** Studio Apartment (Dubai City) 5648 AED Studio Apartment (Outside Dubai City) 3644 AED 1 Bedroom Apartment (Dubai City) 8359 AED 1 Bedroom Apartment (Outside Dubai City) 5125 AED 3 Bedroom Apartment (Dubai City) 16144 AED 3 Bedroom Apartment (Outside Dubai City) 11740 AED ##### **Apartment prices:** Studio apartment 475,000-775,000 AED 2 bedroom apartment 1,215,000-1,399,999 AED ### **Groceries** Milk (1 litre) 7 AED Bread (1 loaf) 6 AED Eggs (A dozen) 13 AED Chicken Breast (500g) 17 AED Apples (1kg) 8.2 AED Potatoes (1kg) 3.8 AED Tomatoes (1kg) 5.5 AED Onion (1kg) 3.5 AED Cheese (500g) 27 AED Bottle of wine (mid-range) 65 AED ### **Restaurants/Take-away** Fast food (meal for one) 35 AED Casual restaurant (meal for one) 50 AED Mid-range restaurant (meal for one) 90 AED Expensive restaurant (meal for one) 500 AED Bottle of wine 150 AED Domestic beer 40 AED Cappuccino 15 AED ### **Utilities** Basic (Electricity, Heating, Cooling, Water, Garbage) for an apartment 780 AED Home internet (monthly) 250 AED Phone plan (monthly) 50 AED ### **Travel & Transportation** Public transport monthly pass 300 AED Bus 3 AED Metro 4 AED Water taxi 10 AED Tram 5 AED Taxi (1km) 15 AED Rental car (daily) 100 AED Gasoline (1 litre) 3 AED Brand new car (small sedan) 80,000 AED ### **Entertainment** Movie theatre (for 2) 90 AED Monthly gym membership 270 AED Museum ticket (for 2) 120 AED Massage (30 minutes) 85 AED Theme park tickets 200 AED Bowling (for 2) 90 AED ### **Education** ##### **Preschool/kindergarten fees:** Preschool/kindergarten 32,736 AED ##### **Tuition fees** for international schools: Grade 5 30,000-40,000 AED Grade 6-8 40,000-50,000 AED Grade 8-10 50,000-60,000 AED Grade 11-12 60,000-70,000 AED ##### **Undergraduate fees:** Undergraduate degree (per student) 173,400 AED ### **Housemaid Services** Housemaid **services** (monthly) 1500-3500 AED Sponsorship fees (annually) 5500 AED Cleaning (per hour) 30 AED ### **Healthcare** Basic health **insurance** (annually) 600-800 AED Comprehensive **health insurance** (annually) 5500 AED Premium health insurance (annually) 10,000-15,000 AED Short visit to the doctors 240 AED X-ray 200-400 AED Ultrasound 200-400 AED Dental checkup 200-400 AED Health care card (adults) 320 Health care card (children under the age of 10) 120 Is Living in Dubai Cost-Effective for Expats? --------------------------------------------- Dubai is a popular place for foreign visitors looking to settle down permanently because of its growing metamorphosis and reasonably priced cost of living. Dubai is still a financially viable choice for international professionals trying to save expenditures, even in light of the growing costs. Get in touch with Penieltech to learn where to invest. As your go-to real estate partner providing you with Elate Property management software, we can offer you dependable assistance in navigating Dubai’s ever-changing real estate market. Our knowledgeable assistance will guarantee a smooth transfer as you assimilate into this energetic metropolis. Grow Real Estate Business with Elate PMS ---------------------------------------- Instead of just closing deals, real estate property management software cultivates connections and trust with potential clients. Expanding your network of contacts—friends, family, relatives, clients, and referrals—will help you boost sales. To save time and effort, you can also automate this process by using real estate lead services. Although the real estate industry is complicated, you may expand your company and close deals more quickly if you have the correct tools. Purchasing and selling real estate requires a significant investment of time and energy due to its complexity. To seal the transaction, you have to follow up and bargain constantly. This is where real estate CRM comes into play. It facilitates the seamless execution of realtors’ duties and the streamlining of their corporate processes. You can schedule work, keep an eye on the pipeline, manage contacts, and arrange information. Investing in a [CRM system](https://www.penieltech.com/crm-software.php) can help real estate agents close deals more quickly and expand their business. With real-time updates, the Elate [property management software](https://www.penieltech.com/property-management-and-real-estate-software.php) helps you organize and monitor every aspect of property management. designed to improve communication between all of the contractors, landlords, and tenants in your network. We strive to be the best real estate property management software Dubai has to offer with a robust feature set. You can easily market and advertise your properties to all major portals from a single platform with the Elate real estate management software. Additionally, you may monitor the source of your leads, the progress of each lead at any given time, and your leads themselves.

Wed Dec 11 2024 Real Estate Property Management By Admin

POS System

Top 10 Supermarkets in Dubai

Beyond its opulent automobiles and skyscraping structures, Dubai is a city that has much to offer everyone, particularly when it comes to food shopping. If you’re visiting or new to the area, you must know where to buy your regular necessities. Make your selections slowly! This is a brief guide to the top 10 supermarkets in Dubai. Every store is renowned for its high-quality goods, extensive assortment, and ease of use for customers. These stores therefore provide everything you need, whether you’re searching for international specialties, fresh fruit, or basics. Shop with assurance and delight in the variety of products Dubai’s supermarkets have to offer. **An overview of the top 10 supermarkets in Dubai as of 2024** -------------------------------------------------------------- Given how vibrant and opportunity-rich Dubai is, it is not surprising that the supermarket sector is doing so well. In 2024, the city is dotted with an abundance of supermarkets, each providing distinctive goods and services. Each of the top 10 supermarkets in Dubai tailors its products to meet specific needs. This showcases the city’s diverse consumer tastes. These supermarkets provide a wide range of options, from hypermarkets to exclusive food stores, catering to everyone’s preferences. They utilize cutting-edge technology, offer exceptional customer support, and are committed to providing high-quality goods. As a result, they have set a new standard for urban grocery shopping. **Carrefour** ------------- Carrefour is a significant player in the retail sector. The multinational retail behemoth is one of the biggest retailers in the world, with operations in over 30 countries and over 12,000 stores globally. Carrefour has fourteen locations in Dubai and sells a variety of products, including electronics and groceries. Numerous establishments feature a supermarket layout, enabling patrons to take advantage of additional savings. Carrefour is a household name for many families worldwide, thanks to its wide range of products, affordable prices, and excellent customer service. Carrefour has everything you need, whether it’s groceries, gadgets, household necessities, or clothes. Carrefour’s dedication to sustainability and social responsibility sets a high standard for other retailers in the sector. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_2" ).setAttribute( "value", ( new Date() ).getTime() ); **Spinneys** ------------ One of the top 10 supermarkets in Dubai, Spinneys is dedicated to offering high-quality organic products. There is a large selection of both domestic and foreign products here. Everything a consumer might need is available at Spinneys, including ice cream, seafood, chicken, and prepared dinners. Motor City is home to one of the biggest Spinneys stores in Dubai; other well-liked locations are on Jumeirah Beach Road and in Al Warqa 1. A Spinneys store recently opened near the JVC apartments for sale at the Circle Mall. **Choithrams Supermarkets** --------------------------- In the UAE, Choithrams is a well-liked retail destination featuring over 30 stores. This is the place to go if you’re searching for a grocery shop that carries a large selection of foods and is aware of the local tastes! Their fresh fruits and veggies are particularly well-known. Never forget that one of the best methods to keep healthy in the city is to eat fresh fruits and vegetables! Plus, their collection will thrill you if you like cuisine from many nations. Choithrams is a suggested option for anyone looking for high-quality foods or newcomers in the UAE. Keep in mind that going shopping at a store that offers a variety of options can add to the excitement of your culinary excursions! **Lulu Hypermarket** -------------------- Lulu Hypermarket is a place to shop that has grown to be a weekly ritual for many homes. This supermarket has more than 20 locations around the UAE and has established itself as a top grocery and home goods retailer. From gadgets to fresh fruit, the hypermarkets have an amazing selection of goods from local and worldwide companies. In addition, Lulu provides a range of services like grocery delivery, loyalty programs, and online ordering. This massive retail chain serves as a one-stop shop for all consumers with its wide selection of goods, which includes everything from electronics and clothing to food and home goods. All customers like shopping at Lulu Hypermarket because of its roomy aisles and customer-focused philosophy. Whether you’re shopping for everyday necessities or treating yourself to some retail therapy, Lulu Hypermarket provides a wonderful experience. **UNION COOP** -------------- Every grocery shopper in Dubai goes to Union Coop because it has established a reputation as one of the most trustworthy stores in the city. The supermarket contains everything you need, including fresh fruit, furniture, kitchenware, clothing, and stationery. Fresh produce and premium products are particularly well-known features of the Union Coop shops in Dubai. It has been servicing consumers for more than 25 years and has several locations throughout the city, including Al Barsha, Palm Jumeirah, Satwa, Rashidiya, Al Twar, and Umm Suqeim, to mention a few. **AL MAYA** ----------- Since its establishment in 1982, Al Maya has grown to be a well-known grocery shopping brand in Dubai. Al Maya operates in four GCC nations. They have garnered a devoted following by integrating five key values into their business strategy: freshness, product variety, reasonable prices, service, and strategic locations. The first grocery store in Dubai to offer free delivery was this 24-hour store. Customers can use their Facebook and WhatsApp login credentials to place grocery orders. The supermarket ships orders overseas as well! Al Maya now operates about 40 stores in the UAE alone. Al Maya Supermarket Dubai is available to help you around the clock, whether you need to buy last-minute stationery for your kids or are preparing a monthly grocery shop! **BAQER MOHEBI** ---------------- One of the well-known supermarkets in Dubai is Baqer Mohebi, which sells fresh food at very affordable prices along with other goods. Baqer Mohebi Enterprises (BME) is a supermarket that also distributes and markets fast-moving consumer goods (FMCG), including non-food items. Another well-known feature of Baqer Mohebi is its amazing bargains on chocolates and other candies. This store has several noteworthy locations throughout Dubai, but the main ones are in Al Mankhool, Bur Dubai, and Al Qiyadah, Deira. **Zoom Supermarket** -------------------- In Dubai, the Zoom Supermarket is the place to go for all of your grocery needs. With numerous locations throughout the city, it’s simple to pick one close to your house or place of business. You can find anything on your shopping list at this supermarket chain thanks to its extensive product selection, which includes everything from fresh vegetables to household necessities. Zoom Supermarket’s dedication to quality and value for money is among its top features. You should anticipate finding premium, freshly sourced goods at affordable costs. Zoom Supermarket is the ideal location whether you’re picking up a few snacks for your movie night or filling up on weekly necessities. So visit the branch that’s closest to you and treat yourself to a pleasurable shopping experience. **Waitrose** ------------ Waitrose supermarkets in Dubai are a favorite among British expats living there because they consistently maintain extremely high product quality. The supermarket has a rack full of organic fruits, fresh veggies, and tender meats that are just waiting for you to take them home. In addition, the supermarket carries a large assortment of pasta, dairy products, and confections. Waitrose is the ideal location for British expats in the city to indulge in nostalgia thanks to its extensive range of British goods and ingredients, as well as its comprehensive range of frozen dinners. Waitrose has several locations in Dubai, including large locations in Motor City, Jumeirah, The Dubai Mall, and Dubai Marina Mall. However, there are several Spinneys stores throughout the city that sell a selection of Waitrose products. **VIVA** -------- The first supermarket in the area to use a discount model, VIVA Viva Supermarkets in Dubai provides the best products at the lowest possible cost. Viva’s wide range of products has made it a choice among consumers searching for affordable grocery stores in Dubai. Products at Viva Supermarkets Dubai are carefully chosen and certified by European standards, ensuring excellence! One of Viva’s distinctive features is that, for a limited period, it offers “Special Buy” discounts on a variety of non-food items. With this offer, you can purchase goods at incredibly low costs! The Bottom Line --------------- Organizing campaigns and special offers well in advance will simplify your work. Your supermarket will operate more smoothly and conveniently with a good point-of-sale system (POS Software UAE). With the correct [point-of-sale system](https://www.penieltech.com/pos-software-system-machine-dubai-uae.php) (POS system), you can efficiently handle payments, effectively manage your inventory, and cultivate positive customer connections. Considerations for purchasing POS software for your grocery store or supermarket should include things like payment methods accepted and speed. To assist you in providing outstanding customer service, our supermarket Elate POS software has an integrated barcode scanner as well as a separate module for recording client information. See how simple it is to manage your sales, inventory, staff, accounts, and customers by trying out our product. Check out our [POS Software](https://www.penieltech.com/pos-software-system-machine-dubai-uae.php) today and book a free consultation.

Admin Tue Nov 05 2024

ERP Application

Top 10 Travel Agencies in Dubai

Vacationing is always enjoyable. However, planning a trip might not be the easiest thing to do. To assist you in creating a practical travel schedule, pick one of the best travel agencies in Dubai. This post is a selection guide for the best travel agency in Dubai. We’ve also included a list of the best service providers to help you choose a travel agency faster and easier. These travel experts can create amazing trips that are customized to your tastes because they have the enthusiasm, local knowledge, and experience. The best travel agencies in Dubai are listed below, and they can help you plan the trip of a lifetime. ![Top-10-Travel-Agencies-in-Dubai](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Top-10-Travel-Agencies-in-Dubai-1024x1024.png) Let us examine the advantages of the best travel agencies in Dubai. Why Choose a Travel Agency for Your Vacation or Trip? ----------------------------------------------------- Travel agents are your best travel partners since they provide a wealth of advantages that simplify the process of booking your vacation. Here are a few main benefits: * **Easy Planning:** Bid farewell to the stress of having to plan, schedule, and investigate every facet of your vacation. Travel agencies save you a great deal of time and effort by handling everything, including flights, lodging, tours, and activities. * **Professional Advice:** Travel agency specialists possess extensive knowledge of Dubai and its surrounding areas. They provide individualized advice and insider insights to maximize your trip experience. * **Savings:** Using a travel company can frequently result in cost savings, despite what the general public believes. These organizations can get you the greatest prices on travel, lodging, and activities since they have access to special offers and packages. * **Customized Itineraries**: Since no two tourists are alike, their itineraries shouldn’t be either. Travel agencies in Dubai create experiences that are tailored to your interests, tastes, and financial constraints, resulting in a vacation that is unique to you. * **24/7 Support:** You can be sure that your travel agency will take care of any unforeseen problems that may arise during your trip. They offer 24/7 assistance to guarantee a stress-free and seamless travel experience. DNATA TRAVELS ------------- Choose Dnata as your go-to travel agency in Dubai if you’re searching for a trustworthy one. With the assistance of their knowledgeable staff, you can arrange a trip overseas or a local staycation. By using their UAN, customers can reach them around the clock. You can maximize your vacation experience with Dnata, whether it’s in the UAE or outside. Dubai is home to numerous Dnata offices, including those in Business Bay, Motor City, Mirdif, Al Barsha, and other locations. MUSAFIR.COM ----------- The Arabic word for “traveler,” “Musafir,” refers to an online travel portal that offers first-rate vacation spots and experiences. When organizing a tour, Musafir places a higher priority on convenience, choice, and lifelong memories than a typical travel agency in Dubai. Are you hoping for a well-planned work trip or a peaceful vacation? Let Musafir.com handle all of the arrangements for you, including the visa, travel, and lodging. Additionally, Musafir has offices in Jebel Ali, Al Quoz, and the DIFC. Rayna Tours ----------- For a meticulously designed trip focused on Dubai, Rayna Tours is the best option. They have you covered for anything from thrilling quad bike trips to helping you obtain a visa for other countries. For a truly remarkable experience, they offer exclusive local tours and excursions. They provide a broad range of travel services, including visa assistance, flight and accommodation bookings, and international tours. They are renowned for offering fantastic bargains and reasonably priced trip packages. Simple, safe online reservations with round-the-clock customer service. Green Apple Travel & Tourism ---------------------------- Green Apple Travel & Tourism offers simple visa application procedures. is the agency of choice. They offer visa permissions for travel to foreign countries, such as Greece, Russia, and more, so you can begin crossing things off your bucket list. They also help with hotel and airline reservations, as well as visa processing. Services offered: pickup and delivery, multilingual crew. In addition to helping with visas, Green Apple offers hotel and airline reservations, making it a simple one-stop shop for all of your travel needs. Language barriers are nonexistent thanks to staff members who speak English, Arabic, Russian, Filipino, and other languages well. This ensures clear and efficient communication. To further enhance convenience, the agency goes above and above by providing pickup and delivery services for your documents. AL TAYER TRAVEL AGENCY ---------------------- Al Tayer has been a well-known travel company in Dubai since 1979. International vacations are the specialty of this travel management company. Customers can benefit from their services, which include simple hotel reservations, cruise planning, vehicle rentals, and interest-based trips. Should a scheduled tour not fulfill your requirements, a personalized one can be arranged at any time. Sharaf Travel ------------- Sharaf Travel in Bur Dubai offers a range of travel services, from booking hotels and flights to organizing business and leisure trips abroad. They provide round-the-clock customer support to assist you with all of your travel needs. CITY ONE TOURISM & TRAVEL ------------------------- In Dubai, City One Tourism can assist you with travel planning. They provide a variety of travel packages that include both business and vacation travel. Get the greatest deals for your trip, take advantage of a simple booking process, and get 24/7 customer support. The starting price for a trip to Marrakech is AED 2,999 per person, although there are additional offers for those on a budget. REGAL TOURS ----------- Regal Tours, with its headquarters in Al-Qusais, Dubai, offers more than ten years of experience in the travel business to ensure a hassle-free, seamless overseas trip. Also, Regal Tours takes care of everything, including travel insurance, hotel reservations, airline tickets, and visas. Regal Tours specializes in the fast processing of various U.A.E. visas for foreign nationals, a service they excel in through close collaboration with government offices in Dubai and the U.A.E. Regal Tours can plan your accommodation, airline ticket, and even travel insurance for a flawless travel experience, whether you’re a visitor to Dubai or a resident wishing to go abroad. The Travel Makers ----------------- Your go-to travel agency in Dubai for overseas vacation packages is The Travel Makers, which is tucked away on the 18th floor of the Burjuman Business Tower in Al Mankhool. This organization aims to fulfill your travel fantasies by offering a wide range of places, such as the Maldives, Europe, Georgia, Mauritius, Amsterdam, Switzerland, and more. We have partnerships with leading airlines like Etihad, Qatar Airways, and Emirates. This ensures smooth and affordable travel experiences. A dedicated team of professionals is available to assist with arranging accommodations, flights, and visa applications. We ensure every aspect of your vacation is meticulously planned. A top priority for The Travel Makers is client happiness. With customer support available around the clock, you can relax knowing that all of your issues will be resolved. Uranus Travel and Tours ----------------------- Situated in Oud Metha, adjacent to Lamcy Plaza, at 1G/2B Sultan Business Centre. Since 1994, Uranus Travel and Tours has established itself as a reputable brand in the travel sector. The agency provides numerous services to guarantee your travel experience is as seamless as possible, and it can arrange vacations and flights to over 10,000 places globally. Uranus can handle all of your travel requirements under one roof, including hotel reservations, travel insurance, and visa inquiries in addition to flight tickets. With a staff of about 65 qualified experts, Uranus promises individualized assistance that takes care of all of your queries and issues. Uranus offers you a wide range of flight possibilities because of its affiliation with numerous airlines worldwide. It is important to keep in mind, nevertheless, that there may be certain restrictions about locations in the Western areas. The Bottom Line --------------- It’s important to do your homework and select one of the travel agencies in Dubai that best suits your needs and interests because they can differ in terms of services and costs. Reviews from clients might offer insightful information about the caliber of services that these companies offer. It all comes down to the services you need, your budget, and your travel requirements when selecting the ideal travel firm. It’s important to consider the advantages and disadvantages of each agency before choosing one. Another key point is now to handle all the customers in one platform and getting help for booking stays for them has become easy. [Property management software](https://www.penieltech.com/property-management-and-real-estate-software.php) is here by Penieltech which will help you with every service you provide. Elate property management system and [ERP Software](https://www.penieltech.com/erp-software-uae-dubai.php) that has all modules including [CRM](https://www.penieltech.com/crm-software.php) will satisfy the customers to the next level. Contact Penieltech for more information today!

Alex Wed Dec 11 2024

VAT

What is Qualifying Income in UAE Corporate Tax?

The Federal Tax Authority (FTA) and the Ministry of Finance announced that corporate tax would take effect in the United Arab Emirates on June 1st, with a rate of 9%. For UAE Free Zones, the UAE has published a completely own set of company tax laws. The phrase Qualifying income under UAE corporate tax has been released by the government, and this is where the tax due will be determined. ![What-is-Qualifying-Income-in-UAE-Corporate-Tax](https://www.penieltech.com/blog/wp-content/uploads/2024/02/What-is-Qualifying-Income-in-UAE-Corporate-Tax-1024x1024.png) This session covers the [Corporate Tax](https://www.penieltech.com/corporate-tax-uae/) in the Free Zones and the Qualifying Income for Free Zone Individuals. What is Qualifying Income? -------------------------- Qualifying Income is any income received by a Qualifying Free Zone Person that is exempt from corporate taxes. The qualifying business activity or transaction carried out within the qualifying free zone is what yields or determines the qualifying income. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_4" ).setAttribute( "value", ( new Date() ).getTime() ); Criteria for Determining Qualifying Income ------------------------------------------ The following standards establish the qualifying income for the qualifying free zone person, as per Cabinet Decision No. 55 of 2023. Revenue from dealings with other individuals in the free zone contributes to the total revenue. This excludes revenue from excluded activities, which a ministerial decree determines. Eligible free zone individuals carry out these excluded activities, resulting in non-qualifying income. Revenue from dealings with a non-free zone individual is considered, but only for activities that meet the requirements and are not prohibited. > **_Try Our Corporate TAX Calculator_** > > **_[Corporate TAX Calculator](https://www.penieltech.com/corporate-tax-calculator.php)_** additional revenue that satisfies the De Minimis criterion for the person who qualifies for the Free Zone. (To learn more about De Minimis, read on.) If the beneficiary recipient of the relevant services or goods is a Free Zone Person, authorities will deem the income to have originated from dealings with that Free Zone Person. Who is a Beneficial Recipient? ------------------------------ A beneficial recipient is someone who has the right to use and enjoy a service or good. They have no contractual or legal obligation to transfer the service or goods. This applies to both tangible and intangible items. The obligation to transfer does not exist in their agreements or within the law. It is necessary to ascertain whether the Qualifying Free Zone Person possesses a permanent establishment within the country. In this situation, authorities may consider a “Non-Resident Person” as a “Qualifying Free Zone Person.” Qualifying Income for Domestic or Foreign Permanent Establishment ----------------------------------------------------------------- Payable Income to a Qualifying Free Zone Individual’s Domestic Permanent Establishment or Foreign Permanent Establishment would be Taxable Income, subject to 9% Corporate Tax for the Free Zone Business. Authorities treat the taxable income earned by a qualifying free zone person during a specific period as belonging to a separate and independent entity. This occurs if the qualifying free zone person has a permanent establishment, either domestic or foreign, and earns income for a tax period. Income Requirement for Free Zone-Located Immovable Property ----------------------------------------------------------- Income from these transactions, payable to an immovable property situated in a free zone, will be considered taxable income. It will be subject to the following taxes: Deals involving Commercial Property with Non-Free Zone Parties Deals involving any individual regarding real estate that is not commercial The income payable to the immovable property follows the Corporate Tax Law requirements. This income constitutes the taxable income for these two transactions during a specific tax period. What are the De minimis Requirements? ------------------------------------- If the non-qualifying revenue of the qualifying free zone person does not exceed the total revenue percentage for that tax period, the De minimis requirements are deemed met. Authorities compare the lower value between the total revenue percentage or the amount designated by the minister. When determining non-qualifying revenue and total revenue, we exclude the following revenue: **A. Real estate in a free zone owes income from the following transactions.** Transactions involving Commercial Property with Non-Free Zone Parties Deals involving immovable property that isn’t commercial property with a person **B. Income due to a Permanent Establishment of the Qualifying Free Zone Person, either domestically or abroad** During a tax period, non-qualifying revenue can come from any of the following sources: * Excluded activities * Activities that fail to meet qualifying requirements occur when the other party is not in a free zone. In such cases, certain criteria are not satisfied. This impacts eligibility for specific benefits or considerations. Total revenue refers to all revenue received by a qualifying free zone person during a tax period. Authorities consider a Related Party to a qualified free zone person separately. They view a qualified free zone person and its domestic or foreign permanent establishment as autonomous entities. Corporate Tax Services ----------------------- [Penieltech](https://www.penieltech.com/) is a tax consulting company with a wealth of experience in corporate tax law. The team offers updates. These updates are pertinent to the Qualifying Income of the Free Zone Person. Additionally, they cover Corporate Tax in Free Zones. Our FTA-approved [corporate tax experts in the UAE](https://www.penieltech.com/corporate-tax-uae/) offer a comprehensive corporation tax solution for free zones. They identify the required income and ensure adherence to rules for qualification as a qualifying free zone individual. This eligibility allows for 0% corporate tax in the UAE.

Sophia Thu Dec 12 2024

Information Technology

7 Emirates of the UAE

Overview -------- Situated in the Arabian Peninsula’s southeast, the United Arab Emirates (UAE) has borders with Saudi Arabia and Oman. The United Arab Emirates (UAE) was formed in December 1971 as a federation consisting of six emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, and Fujairah. Ras Al Khaimah became the seventh emirate to join the federation in 1972. The largest and richest of the seven emirates is home to the capital city, Abu Dhabi. Since federating in 1971, the United Arab Emirates (UAE) has grown quickly, becoming recognized for its state-of-the-art infrastructure, international events, and position as a center for trade and transportation. The United Arab Emirates (UAE) will play home to the WTO’s 13th Ministerial Conference (MC13) in February 2024, as well as the [COP28 international climate summit in Dubai in 2023](https://www.cop28.com/en/). ![All about the seven emirates of the UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/7-Emirates-in-UAE-1024x1024.png) Abu Dhabi: The Capital Emirate ------------------------------ The capital of the United Arab Emirates is Abu Dhabi, which is also its largest emirate. Abu Dhabi means “land of the gazelle” in Arabic. According to legend, the name came about when a juvenile gazelle on an island with some coral structures, a fort, and about 300 palm frond dwellings guided a lost tribe to fresh water. There, the tribe established themselves and modern Abu Dhabi was born. The fact that the first settlers in the area date to the third millennium B.C. is among the most fascinating facts about Abu Dhabi! These days, this flourishing archipelago combines a rich history with magnificent skyscrapers, breathtaking scenery, and a bustling high-end way of life. Abu Dhabi is a great place to explore some of the UAE’s greatest offerings. Dubai: The Eventual Multicultural Destination --------------------------------------------- Residents of Dubai, a multicultural city, come from more than 200 different countries. The emirate is well-known for its contemporary skyscrapers, ostentatious monuments, starry night cityscape, and upscale retail establishments. The tourism and real estate industries power the emirate’s economy. This wasn’t always the case, though. One of the fascinating things to know about Dubai is that, up until the 1700s, pearl farming and fishing were the main drivers of the city’s economy. In a similar vein, Dubai’s architectural past is fascinating. Sharah: The Center of Culture ----------------------------- Of the seven emirates that comprise the United Arab Emirates, Sharjah has the greatest support for the arts, culture, and history. It also has the richest legacy. Sharjah was named the “Cultural Capital of the Arab World” by UNESCO in 1998. The emirate is also peppered with numerous art galleries, museums, historical institutions, and stunning mosques. With a view of the Arabian Gulf, Sharjah seamlessly blends Islamic and historical elements. Ajman: When Traditional Meets Modern ------------------------------------ Ajman, the smallest of the United Arab Emirates’ seven emirates, is not short of historical sites and natural beauty. The Hajar Mountains and the Arabian Gulf form its borders, and the area around it is home to several beautiful beaches and other attractions. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_5" ).setAttribute( "value", ( new Date() ).getTime() ); The emirate deftly strikes a balance between modern services, urban expansion, and its traditions. Ras Al Khaimah – The World of Adventure --------------------------------------- The Arabic term for “top of the tent,” Ras Al Khaimah, refers to the northernmost emirate of the United Arab Emirates. With its rough terrain and occasional mountains, Ras Al Khaimah is a great place for outdoor activities and adventures. Ras Al Khaimah is renowned for preserving its historical roots. This is also evident in attractions found within Ras Al Khaimah. Examples include the ancient fishing town of Al Jazirah Al Hamra. Another notable site is Dhayah Fort, the only hilltop structure still standing in the UAE. Additionally, it is the location of the well-known Jebel Jais mountain, the highest mountain peak in the United Arab Emirates, and a global sensation. The beautiful scenery does make it worthy of being the UAE’s northernmost emirate. Other adventure tourism destinations have been crucial in helping to stabilize this emirate’s economy. Out of the UAE’s seven emirates, this one best represents the culture and customs of the Arabian people. While you’re there, don’t forget to check out Wadi Shawka and the National Museum of Ras Al Khaimah. Fujairah: The Most Authentic and Rugged City -------------------------------------------- Out of all the cities in the Seven Emirates, Fujairah has been declared the most untamed and genuine. Fujairah, with its 70 km of coastline, is a paradise for people looking for adventures and water activities. With activities ranging from snorkeling to scuba diving, the sandy beaches will immerse you in the natural environment. For the spectators, the intriguing scenery is the icing on the cake. Because of its pleasant summertime temperatures, Fujairah is one of the most tranquil cities among the seven Arab emirates and draws tourists year-round. Aside from this, fishing and agriculture are the main drivers of the economy. The UAE’s only point of contact with the Indian Ocean is because of its advantageous location. While visiting Fujairah, those seeking comfort should make sure to stop at Tim’s Reef, Wadi Wurayah, and Madhab Sulpheric Spring Park. Umm Al Quwain: Of the seven Arab Emirates, it has the least population. ----------------------------------------------------------------------- Of the seven Arab emirates, Umm Al Quwain has the fewest inhabitants. This emirate, which makes up just 1% of the UAE’s total area, is a veritable gold mine of undiscovered locations. With a history extending back to the Stone Age, the emirate offers a wide range of outdoor pursuits, like as sailing and skydiving. Umm Al Quwain is the least populous of the United Arab Emirates’ seven emirates. The name of the place, which comes from Umm Al Quwain, which describes the variety of activities available on land and in the water, also reflects these leisure pursuits. Mangroves and notable archaeological sites are well-liked tourist destinations. Among the largest islands in the emirate is Al Seniah Island. Additionally, deep-sea fishing spots in Umm Al Quwain provide tourists with an unparalleled fishing experience. When visiting, don’t miss the Ed-Dur site and the Falaj Almualla Fort. **EMIRATE** **RULING FAMILY** **PRESENT RULER** Abu Dhabi Al Nahyan His Highness Sheikh Mohamed bin Zayed Al Nahyan Dubai Al Maktoum His Highness Sheikh Mohammed bin Rashid Al Maktoum Sharjah Al Qasimi His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi Ajman Al Nuaimi His Highness Sheikh Humaid bin Rashid Al Nuaimi Umm Al Quwain Al Mualla His Highness Sheikh Saud bin Rashid Al Mu’alla Ras Al Khaimah Al Qasimi His Highness Sheikh Saud bin Saqr Al Qasimi Fujairah Al Sharqi His Highness Sheikh Hamad bin Mohammed Al Sharqi Political synopsis ------------------ His Highness (HH) Sheikh Mohammed bin Zayed Al Nahyan is the President of the United Arab Emirates. Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, holds the positions of Prime Minister, Vice President, and Minister of Defence. The Federal National Council, the Council of Ministers, and the Supreme Council—which consists of the rulers of each Emirate—are the three pillars of the UAE’s federal government. Each Emirate’s local administration, legal system, and police force are under the leadership of a different Ruler. The Federal National Council comprises forty members, with half appointed and the other half elected. The last election, which took place in October 2023, mandated that 50% of the members be female. Emiratis can voice concerns in the Federal National Council, which also serves as a platform.

Morgan Thu Dec 12 2024

Uncategorized

UAE Pass: Your Digital Gateway to Hassle-Free Services in the Emirates

What is the UAE Pass? --------------------- Through your login, you can access various online services offered by the government, semi-government, and private sectors. The UAE Pass is your secure digital identity in the United Arab Emirates and the first authorized and unified national digital identity for all citizens, residents, and visitors to the country. Regarding related websites and applications where you may now digitally sign documents, avoiding the need to visit service centers and saving you a great deal of time and work. By enabling easy access to more than 6000 services offered by these organizations by logging in to their websites and applications across the Emirates, the digital identity seeks to improve customer, citizen, resident, and visitor satisfaction with their experience with the services provided by the government, semi-governmental, and private sectors. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_6" ).setAttribute( "value", ( new Date() ).getTime() ); Features of the UAE Pass ------------------------ The UAE Pass comes with features designed to improve your overall experience and your ability to interact with various services more effectively. Digital identity verification, which enables safe online identity confirmation, is one important aspect. One further function is document signing, which eliminates the need for physical papers by enabling digital signatures on documents. Additionally, the UAE Pass offers easy access to more than 6000 services offered by government organizations. This implies that you can get a variety of services from several industries at one location. Additionally, a broad spectrum of users can access the UAE Pass because it works with both iOS and Android smartphones. Significance of the UAE Pass ---------------------------- The UAE Pass is an essential component of the country’s drive towards smart governance and digital transformation, not only a digital identity solution. The UAE Pass enhances customer happiness and the overall experience with government and private sector services. It provides individuals and businesses with a secure and easy means to interact with numerous services. You can use the UAE Pass in real-world apps for a variety of commonplace situations, including banking, healthcare, government services, and more. This indicates that firms wishing to optimize their transactions and processes can also use it as a tool. UAE Pass User Requirements -------------------------- Getting the UAE Pass is as simple as pie. To validate an email address and phone number, you will need to scan your Emirates ID, generate a PIN, use face recognition technology to authenticate the account, and create a ‘One Time Password’ (OTP). This technology provides an additional layer of protection in addition to making the registration procedure more convenient. After registering, you can access the UAE Pass in all emirates and combine it with a variety of services from the public and commercial sectors. The UAE Pass is a flexible solution for both you and businesses because of its compatibility. The UAE Pass has strong security measures in place to safeguard your privacy and preserve your data. It guarantees the security of personal data by being compliant with the UAE’s wider cybersecurity and digital governance standards. The UAE Pass has faced difficulties in its adoption and deployment, but they are being worked on, and new features and advancements are on the horizon to improve your experience even more. This indicates that the UAE Pass serves as a future-proof solution as well as a tool for the present. Getting a UAE Pass registered ----------------------------- Criteria for Registration ------------------------- All residents of the United Arab Emirates, regardless of age, are eligible for the UAE Pass as long as their fingerprints are on file with their Emirates ID account. Step-by-Step Instructions for Signing Up ---------------------------------------- Download the UAE Pass application to get started with the registration procedure. You don’t need an Emirates ID card to register for a basic account. After verification, an account is upgraded to include signature capabilities and access to the majority of services, while a basic account only provides limited access to some services. You have two options for verification: using the app or visiting the closest UAE PASS kiosk. Required Documents for Registration ----------------------------------- You’ll need your Emirates ID card to complete the registration process. This is how your identity is verified. Setting a password is also necessary for digital signatures. Fixing Common Registration Errors --------------------------------- Even though the registration procedure aims to be user-friendly, you may still encounter some issues. We are addressing these as part of the continuous upgrades to the UAE Pass experience. We plan to make even more improvements in the future to enhance the process. The UAE Pass is completely changing the way we interact with services in the UAE. Both customers and businesses are finding life easier as a result of streamlined operations and transactions. It’s a start in the direction of an easier and safer digital experience in the Emirates. Making Use of the UAE Pass -------------------------- The UAE Pass user interface is made to be simple to use and intuitive. You may get it on the iOS and Android operating systems. * **Services that are available with the uae pass.** Your digital key to a wide range of services provided by different industries is the UAE Pass. It is a handy tool that prevents you from having to make pointless excursions to service centers because it enables the digital signing of documents. * **Connecting to additional government services**. The UAE Pass is an adaptable tool for both individuals and businesses because it is accepted in all emirates and can be combined with a range of services. An important element in the UAE’s digital transformation process is this integration. * **Troubleshooting common problems**. If you experience any problems using the UAE Pass, don’t worry; we are fixing them as part of the system’s ongoing development. The UAE’s extensive cybersecurity and digital governance policies are consistent with the strict security measures in place to protect your data and privacy. Welcoming the UAE Pass’s Digital Future --------------------------------------- Without a doubt, the UAE Pass has a significant role in the country’s digital transition. Residents, citizens, and businesses can easily interact with a myriad of services thanks to this safe, user-friendly, all-in-one platform. Yes, there were some difficulties at first, but they’re working to make improvements all the time to guarantee a positive customer experience. The digital connections made possible by the UAE Pass truly demonstrate its adaptability and inventiveness. Adopting the UAE Pass is a need, not a choice, as we navigate this digital world. You’re entering a digital world that is more effective, safe, and hassle-free when you use the UAE Pass. This is the goal of the UAE’s vision for an intelligent, digitally-first future.

Drew Wed Dec 11 2024

HR and Payroll Software

Medical Certificate for Sick Leave in UAE

What is a medical certificate in UAE? ------------------------------------- A medical certificate is a crucial document that a doctor or other healthcare professional issues. It attests to the fact that a person has been evaluated and is either medically ill or damaged. This document often lists the condition(s) of the illness or injury and recommends a period of rest or time off from work or education. It acts as formal documentation that employers or educational institutions might use to support a worker’s absence for medical reasons. ![Medical Certificate for Sick Leave in UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Medical-Certificate-for-Sick-Leave-in-UAE-1024x1024.png) What is a Sick leave? --------------------- The time an employee is permitted to miss work due to illness is known as sick leave. The employee intends to use this time to heal from a medical ailment or recuperate from an illness. Recognizing that employees occasionally need to prioritize their health without the extra stress of job commitments, employers give sick leave as part of employee perks. Employees can concentrate on receiving the care and rest they need to ensure a quick recovery while on sick leave. Why Does Taking Sick Leave Need a Medical Certificate? ====================================================== Is that anything the employer requires? --------------------------------------- Yes, in most cases a medical certificate is required for sick leave. Employers ask for this certification for several important reasons. * Before granting a request for a leave of absence, employers must confirm that the worker is indeed ill and unable to perform their job duties. * By taking time off when they are not ill, employees can help prevent the abuse of sick leave. * It can assist in shielding the company from responsibility if a worker has an injury while on sick leave. * Ensuring that workers aren’t infecting their coworkers with infectious diseases can be beneficial. Is it necessary as per UAE Labour Law? -------------------------------------- Yes, an employee has a maximum of three days to tell their employer of a sickness, as stipulated by Article 31 of the UAE Labour Law. and turn in a medical report from a medical organization detailing their illness. In addition to the UAE Labour Law, various other legislations in the UAE regulate sick leave. For instance, the Ministry of Health and Prevention must certify the medical certificate of every employee taking more than five days of sick leave, according to a guideline enforced by the Dubai Health Authority. Does it increase the possibility of acceptance? ----------------------------------------------- Yes, you can improve your chances of getting accepted for sick leave by including a medical certificate with your request. This is because it demonstrates to your employer that you are treating your illness seriously and that you are working towards recovery. Under what circumstances is a medical certificate valid? There are several situations in which you can get a medical certificate for sick leave. Among the most typical conditions are: * The flu or the common cold * Other respiratory conditions like bronchitis or pneumonia * digestive disorders like food poisoning or gastroenteritis * Muscle and bone injuries, like sprains and strains * Chronic conditions like asthma or diabetes * Mental health issues include depression and anxiety * See your physician or the human resources office if you are unclear if you require a medical certificate to take sick time. In the UAE, How to Get a Medical Certificate for Sick Leave? ------------------------------------------------------------ In the UAE, you must see a licensed healthcare provider, such as a doctor or physician, to obtain a medical certificate for sick leave. You will then need to undergo a medical examination and acquire a legal document detailing your ailment and how it affects your capacity to work. This certificate is the formal record that your employer needs to confirm your sickness and grant your request for sick time. Healthcare professionals who hold a license to provide medical care can issue sick leave medical certificates, such as: **Hospitals:** General hospitals, specialty hospitals, and hospital-based clinics can provide medical certificates. **Physicians**: Hospitals, private clinics, and individual physician’s offices can also provide medical certificates. **Government Health Centres:** Additionally, public health facilities run by the Abu Dhabi Health Services Company (SEHA) or the Dubai Health Authority (DHA) can provide medical certifications. The UAE allows any licensed healthcare provider to provide a medical certificate for sick leave. They must guarantee the authenticity and correctness of the credentials they issue by rules and professional ethics. What does UAE Labour Law say about Sick Leaves? ----------------------------------------------- Per Article 65 of the UAE Labour Law, employees receive entitlement to up to ninety days of sick leave annually. You may take intermittent or continuous leave throughout this time. Illness or accident entitles an employee to sick leave if it prevents them from working. It includes conditions concerning one’s physical and mental health. If an employee requires more sick days than the ninety days permitted by law, they may be entitled to take additional unpaid leave. But the employer has the last say on this. Is it possible to cash in sick leave or does it carry over to the following year? --------------------------------------------------------------------------------- Sick leave does not carry over to the following year, sorry. Unused sick leave is forfeited at year’s end. The following table lists all of the UAE’s employees’ rights to sick leave: For the first 15 days, the employee gets the full salary. The next 30 days are half-pay. For the remaining 45 days there is no pay. How does Elate HRMS Software benefit UAE businesses? ---------------------------------------------------- Organizations now manage their workforces much differently thanks to Elate Human Resource Management Software (HRMS), which streamlines HR procedures and increases overall productivity. Leave management, which focuses on monitoring and handling employee leave requests, is an essential part of HRMS. HRMS Software is essential for managing leaves of absence optimally, guaranteeing legal compliance, increasing output, and elevating employee happiness. Elate [HRMS software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) plays an important role in leave management, which includes centralizing leave data, supporting employee self-service, planning for enough staff coverage, simplifying leave requests and approvals, and assuring compliance with leave legislation. Organizations may ensure long-term organizational success and contribute to a more productive and efficient staff by utilizing HRMS software for leave management. For more details [Penieltech’s](https://www.penieltech.com/) expert consultants and book a free demo.

Admin Wed Oct 16 2024

HR and Payroll Software

Ultimate Guide to Probation Period in the UAE

What is the Probation Period in UAE? ------------------------------------ During the probation period in UAE, both the employer and the employee can assess each other and determine whether they are a suitable fit. Stated differently, they are starting a new stage of getting to know each other before deciding whether or not to continue their relationship. It enables you to assess the new hire in light of the job’s requirements from both the company’s and the HR department’s perspectives. That is, based on their qualifications, needs, and capacity to properly carry out the position’s duties. In this approach, the HR division must determine whether the new hire is qualified for a long-term job arrangement. ![Probation Period in the UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Ultimate-Guide-to-Probation-Period-in-the-UAE-1024x1024.png) However, this is also when the employee can become more familiar with the specific needs and demands of the position. That is, getting a sense of the business culture or organizational atmosphere in which you would be working. This leads us to the conclusion that you are at ease in your new role at the organization. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_7" ).setAttribute( "value", ( new Date() ).getTime() ); Both the employee and the company have the option to end the trial period. That is, termination by either the employer or the employee during the probationary period is lawful. There is an agreement at the start of the job relationship, at least in the bilateral agreement, and it needs to be explicit and documented in writing. It follows that withdrawals during the trial period are permissible and can happen at the employer’s or employee’s discretion. It’s also critical to clarify that you are not obligated to adhere to any notice requirements. Here are some essential tips for handling this time by the February 2022 release of the new UAE Labour Law. The Duration of the Probation Period in UAE ------------------------------------------- Companies may engage workers on a probationary period of no more than six months by legislation under the Ministry of Labour. Businesses cannot extend it beyond six months, although some keep it shorter—around two to three months. If the staff member gets promoted or moves into a different position, they will not qualify for another probationary term. Termination of Contract ----------------------- Both the employer and the employee may start the process of ending the contract during the probationary period. Even during probation, the individual who initiates the termination must provide a minimum notice period under the new UAE Labour Law. Workers planning to depart the nation must offer a notice term of 14 days, while those relocating to the UAE for a new job must give the other party a notice time of 30 days. There are a few unique situations where workers could lose their jobs or decide to leave their companies. According to the clause, a worker has the right to resign right away if their employer violates their legal rights or if they feel threatened by them or their attorney. Sick Leave ---------- According to UAE labor law, employees on probation do not have entitlement to paid sick leave. This does not, however, preclude a business from following internal policies and permitting workers to take sick leave. Resignation ----------- If the employee decides to terminate the employment during the probationary period, the employer may be eligible for compensation. As previously mentioned, a longer notice time is necessary if an employee resigns to take a new post in the United Arab Emirates. Workers should also be aware that their new employer may have to pay the former employee back if they plan to return to the UAE within three months to begin a new job. Gratuity -------- According to the law, workers are only eligible for a gratuity after a year of employment with the current company. If an employee leaves during their probationary period, they can be eligible for payment for their worked time as per the outlined notice period in the employment contract. Additionally, they might receive payment for any unused annual leave accrued during the probationary period. Employees Under Limited Contracts --------------------------------- Limited and unlimited contracts are available in the UAE. As a result, workers with limited contracts do not receive any additional protection if their organization terminates their probationary period. Therefore, you must adhere to the same laws and guidelines as every other employee. If you are let go during the probationary period, the employer must provide you with a written notice. You also have to do this task in 14 days. But you must understand more about the UAE’s waiver of both limited and unlimited contracts. Protecting Employee Rights During Probation Period in UAE --------------------------------------------------------- It’s crucial that, as a probationary employee, you are aware of all of your rights. You should also be aware of your rights in the UAE regarding being fired after your probationary period. You will then be able to assert your right to equitable treatment and compensation for all of your labor. Even if you think your dismissal was unfair, you might be eligible for compensation. Employers must ensure that they follow all guidelines when terminating a probationary employee. In this manner, they could face legal repercussions if they fail to provide written notice or fire without a good reason. Wrapping Up ----------- Managing employee contracts is a crucial aspect of personnel management for organizations. Why not get an [HR software solution](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) that guarantees your procedures comply with UAE laws and automates repetitive tasks? [Elate HRMS software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) can assist SMEs and organizations with payroll, human resources, and employee leave management. It also includes a built-in employee management feature that helps you keep track of your employees’ visa letters and contracts. Create trust and lessen conflict in your organization. Any business benefits from having contented workers because they foster a more productive workplace. Contact [Penieltech](https://www.penieltech.com/) for employee management consultation and benefit from Elate HRMS Software today.

David Thu Dec 12 2024

Information Technology

Maternity Leave in UAE

Like many other governments, the UAE government has implemented maternity leave policies. These policies provide new moms with time to recover after childbirth, bond with their infants, and adjust to their new roles as mothers. It is imperative to provide maternity leave to workers to protect the health and welfare of new mothers and their babies, as well as the family unit. UAE govt. mandated maternity leave is a legal benefit for employees. It ensures working mothers have income and job security during this significant life stage. This handbook contains all the information employers need to know about maternity leave in the United Arab Emirates. ![Maternity Leave in UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Maternity-Leave-in-UAE-1024x1024.png) What is maternity leave? ------------------------ Maternity leave, also known as pregnancy leave or maternity leave, provides female employees with time off from work. They can use this time to care for both their newborn and themselves. Typically, employers compensate for this leave, aiming to allow mothers to recover from childbirth and bond with their children. An overview of the maternity leave in UAE rules and regulations --------------------------------------------------------------- Legal Framework --------------- It is required that female employees have the right to maternity leave under UAE Federal Law No. 8 of 1980, which is commonly referred to as the UAE Labour Law. All female employees in the United Arab Emirates are subject to this rule, including those with fixed-term contracts, part-timers, and those in free zones. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_8" ).setAttribute( "value", ( new Date() ).getTime() ); Duration Of Maternity Leave in UAE ---------------------------------- According to the UAE Labour Law, female workers are entitled to 45 days of paid maternity leave plus an extra 15 days of paid leave. Should the female employee experience a difficult birth, she might be eligible for an extra fifteen days of paid leave. It is possible for working women to start their maternity leave up to 30 days before the due date. If the child is ill or disabled, the mother can receive an extra thirty days of paid leave and an additional thirty days of unpaid leave. She only needs to provide a medical certificate from an accredited medical authority. In 2019, the UAE Cabinet enacted a labor law reform. This reform extended maternity leave from 45 days to 90 days. It accounted for unpaid or combined leave, including yearly or sick leave. The recently passed UAE Labour Law covers all female employees in the UAE, irrespective of whether they work in the government or the private sector. Eligibility Criteria -------------------- In the United Arab Emirates, female employees must have worked continuously for their employer for a minimum of a year to be eligible for maternity leave. A female employee may still be eligible for unpaid maternity leave even if she hasn’t worked for a full year. Compensation for Maternity Leave -------------------------------- Female employees receive full pay for the first 45 days of maternity leave. For the final 15 days, they are entitled to half-pay. The company covers this payment, which is separate from the worker’s remaining leave balance. This guarantees that moms won’t have to worry about money and can concentrate on their health and well-being. If pregnancy-related difficulties or diseases prevent female employees from returning to work, they can receive extended leaves in addition to the usual maternity leave. This extra leave is fully paid and can last up to 45 days. If the child has a premature birth or has a medical condition, the mother gets an extra 30 days of fully paid-leave. Additionally, she can take up to 30 days of unpaid leave. Latest UAE Maternity Leave Law Amendments ----------------------------------------- Recently, the UAE government enhanced maternity leave laws and increased support for expectant mothers. These improvements involve significant changes to the Labour Law. Among these modifications are: * Considering additional leave choices, the length of maternity leave has been increased from 45 days to up to 90 days in 2019. * In 2020, the UAE became the first Arab nation to introduce paternity leave. Private sector workers, regardless of gender, receive five days of paid leave following the birth of a child. * Enhanced leave for childcare and problems is also available. Authorities have strengthened the regulations regarding additional time off for childcare and pregnancy-related issues. Using Elate HRMS to Handle Leaves in UAE ---------------------------------------- The seamless implementation of maternity leave and the preservation of expectant mothers’ rights are largely dependent on employers. A smooth and helpful transition into parenting is something that expecting moms deserve when ushering a new baby into the world. Penieltech’s Elate HRMS, the leading [HR and payroll software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) in the Middle East, empowers businesses to efficiently manage employee breaks, including maternity leave. This streamlined process reduces stress for both employers and workers. Employees can easily submit leave requests through the user-friendly interface of Elate HRMS Software. They need to specify the type of leave, the requested dates, and any other pertinent details. The system automatically checks remaining leave balances and detects any conflicts or overlaps to ensure a smooth and efficient process. Employers and managers may simply manage their team’s leave schedules, receive real-time notifications, and review and approve leave requests directly from the Elate [HRMS Software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) platform. This optimized approach decreases the administrative load and eliminates the need for manual calculations. Elate HRMS offers an all-inclusive leave management system. It helps businesses support staff members during significant life transitions such as maternity leave. Employers and employees benefit from a seamless and stress-free leave management process. This is facilitated by the intuitive interface, effective workflows, and integrated payroll management of Elate [payroll software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php). Contact _[Penieltech](https://www.penieltech.com/)_ today for a free demo and business consultation.

Sophia Thu Dec 12 2024

HR and Payroll Software

Employment Contract in UAE

**Employment Contract in UAE** ------------------------------ An employment contract in UAE is a written agreement between an employer and an employee that specifies basic terms including the employee’s title, the start date of employment, compensation, and the length of the contract. Two drafts of the employment contract—one for the employer and one for the employee—should be made, and both should be signed. Federal Decree-Law No. 33 of 2021 on the Regulation of Labour Relations in the Private Sector allows employers to hire employees under a fixed-term contract for up to three years. Employers have the option to shorten or extend the duration beyond three years. In the United Arab Emirates, employment contracts guarantee a flexible workplace. ![Employment Contract in UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Employment-Contract-in-UAE-1024x1024.png) **Types of Employment Contracts in UAE** ---------------------------------------- According to UAE Labour Law No. 8 of 1980, there are two main categories of employment contracts: restricted and unlimited. There are a few differences between the two sorts, which you must first recognize. Now let’s get started! > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_9" ).setAttribute( "value", ( new Date() ).getTime() ); ### **Limited Contract** A legal agreement between an employer and an employee determines the duration of work. It is called a restricted or fixed-term contract. Usually, the limited contracts are for temporary or project-specific positions. They usually have a set expiration date that is no more than three years from the start of employment. This is a common choice for project, temporary, and fixed-term positions. ### **Unlimited Contract** An unlimited contract has no expiration date, in contrast to a restricted contract. Long-term projects and permanent positions are suitable for this contract. To secure long-term employment with a corporation, employees frequently sign unlimited contracts. However, this contract does not cover employees in the private sector. All private sector workers, except those at DIFC and ADGM, have fixed-term contracts as of 2023. **Probationary Period** ----------------------- Employers cannot extend probationary periods beyond six months. They have the option to terminate the employee during probation without notice or end-of-service benefits. However, if the employee completes the probationary term and remains employed, that period will count towards their overall service. If the employer or their representative assaults the employee, the employee can quit immediately. Also, if the employer doesn’t fulfill legal or contractual obligations, the employee can leave. If the employee terminates the contract for reasons other than specified ones, they’re required to compensate the employer for any resulting losses. However, this compensation cannot exceed half a month’s salary for the first three months or the remaining time, whichever is shorter. This is unless the contract specifies otherwise. **Contract Termination** ------------------------- There may be a termination of your employment contract in UAE; with terms and conditions. Additionally, it varies according to which end cuts the thread. Having said that, let’s examine both ends. ### **When An Employer Ends A Contract** When an employer chooses to end a contract, they have legal obligations under [UAE labor law](https://www.penieltech.com/blog/uae-labour-law-2023/) to provide employees with appropriate notice. The sender must also dispatch this notice one to three months before the anticipated termination. Nonetheless, there are some circumstances under Article 44 of the UAE labor code that allow employers to end a contract early without giving notice. During the notice period, the employer must allow the terminated employee to take one day of unpaid leave per week. This time off enables the employee to search for other job opportunities. ### **When An Employee Ends a Contract** Like the employer, the employee must give notice one to three months before the anticipated date of termination. Additionally, during the notice period (which starts when the notice is submitted), employees are entitled to receive their full pay as specified in the contract. However, they will have to pay an early termination compensation if the employee quits before the notice period has expired. According to the contract, the compensation is equal to half of three months’ worth of pay. Keep in mind that the compensation covers all of the employee’s regular pay. **Notice Period in UAE** ------------------------ Either the employer or the employee must provide written notification of termination of the agreement. Typically, the employer gives this notice between thirty and ninety days before termination. The time frame, known as the notice period, ranges from 30 to 90 days in the UAE. If the employer decides not to have employees serve the notice period, they’re entitled to full remuneration. Likewise, if employees opt out of serving the notice period, they must pay half of their three months’ salary as per the contract. **Non-Compete Restrictions** ---------------------------- Article 10 of the UAE Labour Law permits employers to include non-compete clauses in employment contracts. To safeguard the business’s legitimate interests, these restrictions need to be specified about time, location, and the type of work involved. The longest length of restriction once an employment contract expires is two years. All UAE enterprises (both onshore and in the free zones) must review contracts, employee handbooks, and any other employment rules and processes to guarantee compliance with the New Law. As they collaborate to ensure their compliance, they take pride and pleasure in their work. **Types of Work Permit** ------------------------ A new work permit is a document that enables businesses to hire employees, either citizens or residents, from within or outside the nation. * **Work permit under relatives’ residence**. The Ministry of Home Affairs (MOHRE) issues a two-year permit to companies. This permit allows them to hire an employee residing in the United Arab Emirates under their relatives’ sponsorship. * **Permit for part-time employment**. This document permits locals or citizens to work fewer hours than full-time employees who do the same tasks at the company. * **Temporary work permit**. This type of permission enables businesses to hire foreign or domestic workers who are residents of the United Arab Emirates to do specific tasks for a maximum of six months. * **Juvenile work permits**. Under specific circumstances, the permit enables citizens or residents between the ages of 15 and 18 to work in an establishment. * **Mission work permit**. The Ministry has granted permission for an establishment to issue an electronic mission work permit to carry out a specified fixed-term project or temporary work for a maximum of 90 days. You may renew this permit only once for an additional period. Authorities will grant this permission digitally. **Useful Tips for the Employment Contract in UAE** -------------------------------------------------- Make sure you read and comprehend the terms of your employment contract in UAE before signing it, as it is a legally binding agreement. After accepting a job offer, you’ll need to sign a copy of your contract in both Arabic and English. Before signing, ensure you review the Arabic translation. In case of a disagreement, the Arabic version will be considered the official one. Before signing a contract with your employer, if your spouse is your sponsor and you want to work, you must get a No Objection Certificate (NOC) from them. Your employer will then apply for your labor card. Your labor card is a legitimate official form of identification that you should always have on you.

Alex Thu Dec 12 2024

Tally Solution

Empowering MSMEs Through AI

Can MSMEs achieve unprecedented levels of production and efficiency through the use of AI? Even though AI has been around for more than 70 years in the tech industry, it is currently gaining prominence in previously unheard-of ways. The agents of change? A sea of data, measured in millions of gigabytes, an ocean of computer power, and enormous storage capacity. These three pillars are transforming the business environment for small and medium-sized firms and opening the door for a revolution that will fundamentally alter how companies function in the digital era. MSMEs and artificial intelligence --------------------------------- Like other firms, MSMEs find AI to be quite helpful. They use AI for a wide range of objectives, such as understanding consumer behavior, analyzing market trends, improving business efficiency, honing decision-making skills, controlling expenses, and smoothly automating operations. AI tools are more than simply tools; they are revolutionary allies in the path of MSMEs, reshaping their business environment in the process. Using Tally’s AI prowess to propel MSMEs to new levels ------------------------------------------------------ Tally effectively incorporates AI into two potent domains: analytics and automation. Let’s explore the wonders of Tally’s artificial intelligence, arranged under these two game-changing categories. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_10" ).setAttribute( "value", ( new Date() ).getTime() ); Automation powered by AI: increasing operational efficiency ----------------------------------------------------------- AI-driven automation becomes a silent hero, revolutionizing productivity in the heartbeat of MSME operations. [Tally](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) rises to the occasion with a range of features: * **Data input and operations.** optimizing processes such as bank statement reconciliation, compliance report matching, and invoice and bill processing. * **Integration.** Easily integrating with e-commerce platforms and automating procurement procedures. * **Extensibility.** TallyPrime Developer contributes by easily producing TDL code. * **Workflow assistance.** The incorporation of intelligent assistants within the product guarantees an organized and effective workflow. AI-powered analytics: revealing valuable business information ------------------------------------------------------------- AI-driven analytics serves as a lighthouse in the field of well-informed decision-making, giving MSMEs the following powerful tools: * **Deep insights.** Deciphering market patterns, making sure regulations are followed, controlling risk, spotting fraud, streamlining supply chains, and even fine-tuning energy use. * **Predictive insights.** Tally’s artificial intelligence capabilities encompass demand forecasting, cash flow management, predictive maintenance, and addressing the subtleties of workforce attrition. But in this blog, we get further into the nuances of transforming TallyPrime’s data entry procedure—a mainstay of the accounting software industry. Our whole attention is focused on the future, in which sophisticated and smooth automated processes will replace human data entry as a thing of the past. The innovative strategy that forms the basis of our investigation is the rethinking of data entry via automated invoice processing. Invoices, whether they be obtained electronically or in hard copy, are essential to business financial activities. In this article, we explore the technological wonders that enable us to extract the information from these bills and incorporate it into [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) with ease. The Challenge: Manual data entry obstacles ------------------------------------------ Conventional data entry procedures have long been a source of congestion for companies, eating up time and money that could be better spent making strategic decisions. We are excited to discuss how we are leading the integration of automatic data entry into accounting software, ushering in a new era of productivity and accuracy, after realizing the need for a more effective solution. An astounding 12.5% of invoices require a rework because of inaccuracies, with a staggering 90% of bills worldwide stalled in the manual processing stage. Imagine that the average cost of each invoice’s journey is nine euros! The guilty parties? Reporting methods are plagued by inefficiencies, laborious entry, and difficulties with manual reconciliation. It’s a laborious manual labyrinth that delays an inevitable data revolution while also consuming a great deal of time and causing accuracy issues! How Tally uses data entry automation to overcome the obstacles -------------------------------------------------------------- Have you ever wondered how Tally handles the mess of data entry so effortlessly? Let us dissect it into five strategies: * **Data extraction**. Think of data extraction as Tally’s digital detective—equipped with AI skills, it peruses digital and scanned documents, converting the disorganized chaos into orderly structures. * **Data validation.** To make sure the extracted data is as trustworthy as your most dependable ally, Tally applies a level of inspection by introducing a data validation layer. * **Data mapping**. After being extracted, the data sets out on a quest to locate the ideal match, smoothly mapping to the appropriate ledgers and masters as if the pieces of a puzzle had fallen into place. * **Exception handling**. Despite sporadic hiccups, Tally elegantly handles exceptions to maintain a smooth operation. * **Reporting and analytics.** Lastly, Tally isn’t just about entering data; it turns data into insightful understandings by providing a comprehensive perspective via reporting and analytics. Data entering becomes a symphony rather than a struggle while using Tally. Data input automation in Tally with a smooth user workflow ---------------------------------------------------------- The following succinctly describes the basic user path in Tally’s data entry automation process: **Document input.** To begin, upload documents using WhatsApp, email, or Tally’s Import option. With smartphone input and camera capabilities for quick data collection, things move more quickly. **Processing of documents**. See how Tally organizes papers like a wizard, whether they are purchase orders or sales invoices. It ensures that the correct transaction type is executed by extracting and mapping data to the Tally Schema. **Examining the uploaded files.** View extracted fields and documents side by side. Put prediction probabilities in the highlight for important fields. With the use of statistics dashboards, explore the fascinating world of Tally. Entering data has never been more fascinating! The Bottom Line --------------- To sum up, we have overcome obstacles posed by the on-premises nature of our project to transform data entry for TallyPrime while placing a high priority on data privacy measures. Our automated entry system demonstrates its flexibility in handling a wide range of formats and structures, including complicated B2B invoices. This ensures correctness and dependability in the ever-changing world of commercial transactions. Scalability has been a key priority, and the system easily meets the demands of TallyPrime’s large customer base, which consists of more than 2 million enterprises worldwide. Furthermore, we have achieved a balance between cost-effectiveness and innovation in our mission to democratize efficiency, enabling small and medium-sized businesses (SMEs) without placing a financial burden on them. [Penieltech](https://www.penieltech.com/) is a leading accounting software provider in the UAE. It offers [TallyPrime customization](https://www.penieltech.com/tally-customization.php) to all businesses to scale and grow their operations worldwide. Contact us today to grab a great deal after a free Tally consultation.

Drew Thu Dec 12 2024

HR and Payroll Software

Employment Visa Cancellation in UAE

It is important to comprehend the subtleties of employment visa cancellation in the United Arab Emirates (UAE) given its dynamic environment. Since the nation keeps drawing in a diversified labor force, people must understand the protocols involved in wrapping off their professional activities. This post explains the complex procedures, prerequisites, and important factors for canceling an employment visa in the UAE for 2024, making the move easy for anyone attempting to handle this part of being an expat. ![Employment Visa Cancellation in UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Employment-Visa-Cancellation-in-UAE-1024x1024.png) Who Can Cancel the Employment Visa in the UAE? ---------------------------------------------- For those getting ready for this big change, it is essential to comprehend the nuances of employing visa cancellation in the United Arab Emirates. There are crucial participants and processes in the cancellation process. You can’t cancel your resident visa on your own. Your sponsor bears the obligation, underscoring the cooperative aspect of this process. It’s also important to remember that, regardless of how long it is valid, your visa automatically expires if you are away from the UAE for longer than six months. Your sponsor has two choices to help with the revocation of the UAE employment visa: * Visit the General Directorate of Residency and Foreigners Affairs ([GDRFA](https://gdrfad.gov.ae/en)) headquarters in person. * Visit the relevant GDRFA emirate website or the Federal Authority for Identity and Citizenship website. **By Employer** Employers must be involved in the process of canceling a work visa for individuals who are employed in the United Arab Emirates. The employer must use the Ministry of Human Resources and Emiratization website to start the process of canceling the work permit (labor card) before they may terminate the resident visa. This phase requires active participation, which includes signing the application. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_11" ).setAttribute( "value", ( new Date() ).getTime() ); **Without Employer** If sponsors or employers refuse to cancel the resident visa, seek assistance from the Ministry of Human Resources and Emiratization. It’s crucial to understand that revoking an employment visa in the United Arab Emirates involves coordinated efforts and specific protocols. Process for Cancelling a UAE Employment Visa -------------------------------------------- The process for visa cancellation in UAE is rather simple to understand and follow. All you have to do is apply for the cancellation online or in person. Note that the person requesting the cancellation must be your sponsor. It is your responsibility to cancel the defendants’ visas if you are doing so. **GDRFA Visa Cancellation** Using GDRFA, you can cancel your visa. Every Emirati has access to an office; you are required to utilize the one where you reside or work. You can fill out the application form that is available from the offices, request it, and submit the completed form in person. **Labor Card Cancellation** application to revoke the worker’s labor card and labor contract. Contacting the Ministry of Human Resources and Emiratization is one way to accomplish this. The employee must also properly sign the application. Furthermore, the employer must furnish the Ministry of Human Resources with a signed letter. This letter should come from the concerned employee, confirming that they have received pay and benefits related to ending their employment. If you would want to complete the procedure online, they also provide an app. Please be aware that even though you can apply online, you still need to bring your actual passport and Emirates ID to the office. This is necessary to complete the cancellation procedure. **Family Members’ Visa Cancellation** As previously stated, if you are your family member’s sponsor, you will be responsible for revoking their visa. Keep in mind that your spouse may need to contact their employer to cancel that particular visa if they are living and working separately in the United Arab Emirates. It is important to remember that before you can ask your sponsor to revoke your visa, you must cancel the visas of your family members. Visa Cancellation Fee --------------------- A smooth transfer depends on navigating the financial terrain surrounding the revocation of an employment visa in the United Arab Emirates. Reliable sources’ insights—including information from unidentified sources—highlight the complexity of Dubai’s employment visa cancellation cost. The cost to cancel a UAE visa varies, mostly based on which office processes the application. This charge usually ranges from AED 100 to AED 200. Most importantly, the expenses related to the cancellation are your sponsor’s obligation. Required Documents for Visa Cancellation in UAE ----------------------------------------------- Paying close attention to the required documentation is essential when navigating the UAE’s employment visa cancellation procedure. To guarantee a smooth transition, people need to be aware of the crucial paperwork needed to comply. The essential documents required are listed in the list below: * **Valid Passport:** Keep your passport current and make sure it stays valid during the cancellation procedure. * **Application for Visa Cancellation:** Complete the required form completely and precisely. * **Emirates ID:** Don’t forget to include a copy of your Emirates ID, which is essential for proving your identification when canceling. * **Employer’s clearance letter:** Get a letter from your employer attesting to the end of your employment. Employers and employees alike must be aware of the UAE’s visa termination procedures. Trustworthy sources provide valuable information. This information enhances understanding of the paperwork needed for employment visa revocation. Providing this information helps people prepare for the process complexities. It ensures a smooth and effective departure. Grace Period after Visa Cancellation ------------------------------------ After officially canceling a UAE visa, there exists a 30-day grace period. Individuals have the option to renew their current visa or make changes to it during this time. Alternatively, anyone can choose to leave the nation at any point during this grace period. Talks about extending the grace period have circulated. However, no formal announcement has been made according to the most recent information. It is crucial to stay updated on changes to the UAE’s employment visa cancellation procedure. Pay close attention, especially to any updates on the length of the grace period. How Many Days Can You Stay In The UAE After The Employment Visa Cancellation? ----------------------------------------------------------------------------- When the authorities revoke your employment visa, the law currently permits you to remain in the United Arab Emirates for 30 days. Usually, the 30 days begin on the day your application is reviewed and accepted. The application letter contains the expiration date of your visa. Please keep in mind that you will be fined if you stay in the UAE for too long. If your visa expires and you continue to enter the country, there will be fines of AED 100 for the first day and AED 25 for each additional day. The Bottom Line --------------- It is essential to complete the canceling process precisely and on time. By doing this, a spotless record is guaranteed, which will help future visa applications. Remember that UAE immigration officials closely examine previous visa handling. You can cancel your UAE visa online or in person, and it’s a rather simple process. It would be wise to discuss the cancellation as soon as possible with your employer as they will need to take over. The process is rather easy because of Elate HRMS Software, so you shouldn’t be concerned about overlooking any important paperwork. Not only that [Elate HRMS Software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) does a lot more than that. HR management involves more than just calculating paychecks, as any HR or payroll specialist will tell you. Several repetitive duties need completion every month. These include adding new employees to the company’s payroll. It also involves ensuring flawless compliance and maintaining payroll records until employees leave. Professionals can easily monitor all of these actions from one location with the use of [payroll software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php). You can consult the list of visa application fees furnished by the UAE Ministry of Labour. Alternatively, you can easily reach the General Directory of Residency and Foreigners Affairs (GDRFA), if you require further information about cancelling a visa in the UAE.

Morgan Thu Dec 12 2024

HR and Payroll Software

Top 10 Insurance Companies in Saudi Arabia

Given that [COVID-19](https://covid19.moh.gov.sa/) pushed insurers to undergo a quick change, it ended up being a blessing in disguise for the local insurance market. Insurers seized the chance to reconsider their long-term strategies as concepts of trust and societal purpose became more important than ever in the insurance industry, not to mention the pressing need to start the digital transformation. These factors included changes in the customer base and their fast-changing needs and expectations, as well as a dynamic shift in purchasing behavior towards online channels. Insurance companies in Saudi Arabia are helping people with all their life challenges. At Penieltech Saudi Arabia, we understand that the moment has come to evaluate the direction the sector is taking and identify the long-term adjustments required for the sector to fulfill a greater purpose in a world that is changing quickly and with uncertainty. Thus, here is a list of some top insurance companies in Saudi Arabia. Tawuniya -------- Founded in Riyadh, Saudi Arabia, the Company for Cooperative Insurance (Tawuniya) is a Saudi Joint Stock Company. Its main business segments include insurance for * cars, boats, * fire, medical emergencies, * engineering, energy, * aviation, * takaful, and * casualties. Tawuniya can expand its product line to satisfy corporate and retail demands while also engaging in a variety of risk classes, from straightforward to complex. When Tawuniya introduces new insurance products, it makes an effort to listen to its customers and meet their needs. It constantly makes an effort to determine how the general public will react to Tawuniya’s media statements regarding the introduction of new products, changes to existing insurance plans, or both. Gulf Union Al Ahlia ------------------- Since its founding, Gulf Union Al Ahlia Cooperative Insurance Company has enjoyed great success, and it takes pride in its solid reputation and prominent position in the insurance industry. The business has maintained its position while offering a wide range of services to a sizable portion of the Saudi populace. Among its insurance offerings are * car insurance, * health insurance, * property insurance, * medical professional errors, * marine insurance, * and engineering GIG Saudi --------- In the Middle East and North Africa, GIG is one of the biggest and most varied insurance groups. one of the top three GCC players, active in thirteen markets. GIG, formerly known as AXA, has been operating in the kingdom for more than 50 years, with a strategic focus on investments and expansion. It is a one-stop shop that provides a broad range of insurance products and services to meet the needs of individual consumers, SMEs, and corporations alike. With more than 1 million customers and more than 400 staff members spread throughout branches and retail stores throughout the region, GIG is a kind partner that inspires people to reach their objectives and lead inspirational and meaningful lives. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_12" ).setAttribute( "value", ( new Date() ).getTime() ); Al Rajhi Takaful ---------------- At Al Rajhi Takaful, we are dedicated to offering premium insurance products that are both in keeping with the 2030 Kingdom vision and the rules of Islamic Sharia. At every stage of life, we want to take care of every one of our clients and fulfill their goals and needs. A crew is there, and all of our insurance plans provide customers with creative yet useful alternatives. Our work stands out for its proficiency in offering them round-the-clock support. Explore our extensive selection of insurance products for individuals. * Insurance for savings and protection * Vehicle insurance * Medical insurance * Help with insurance for domestic workers * Visit visa extension Bupa Arabia ----------- Bupa Arabia is a division of the Bupa Group, which has employed 80,000 people to provide healthcare services to over 30 million members in 190 countries for over 70 years. We take great satisfaction in having a top-notch workplace that draws top people and nurtures leaders to produce cutting-edge healthcare goods and services, allowing us to take the lead in the Saudi Arabian market. * Being the greatest healthcare organization in the Arab world is our goal. Join our team of Saudi men and women as we innovate new healthcare services and products daily to serve our customer segments, which include Saudi families, SMEs, and large corporations, in a way that will make their interactions with us positive and raise the bar for health insurance and the healthcare industry as a whole. * We effectively and consistently train our workforce to produce leaders at all levels and in all areas, and we encourage and reward them for achieving higher standards of performance. Allianz Saudi Fransi -------------------- Our world is constantly evolving. Potentials and risks are ever-changing, just like our needs are. Allianz Saudi Fransi Cooperative Insurance Company is dedicated to providing adaptable insurance solutions. We cater to both individual and corporate clients in an uncertain environment. Our offerings integrate the global expertise of the Allianz Group with the local knowledge of Banque Saudi Fransi. We aim to meet the diverse needs of our clients. One of the best insurance companies in Saudi Arabia. In 2007, Banque Saudi Fransi and the Allianz Group established this joint venture. It ensures that our clients receive the best available products. We also provide top-notch risk management and calculation services. * Liability Insurance * Engineering Insurance * Pecuniary Insurance * Property & Casualty * Trade Credit Insurance * Marine Insurance * Health Insurance * Liability Insurance Arabia Insurance Cooperative Co ------------------------------- The ARABIA Insurance Cooperative Company was founded in 2007 with SR 400 million in fully paid-up capital. The company’s shareholders have over fifty years of experience in the Saudi market and sixty-seven years of Arab-world exposure. Place a strong emphasis on maintaining professional ethics, integrity, and social responsibility; improving our internal controls; and improving our relationships with our stakeholders. * Professionally satisfy our client’s needs by providing high-quality goods, wise investment options, exceptional services, security, commitment, and a sophisticated distribution network. * Create and maintain a culture of innovation, open communication, trust, and leadership to benefit our stakeholders even more. * Improve our company’s reputation while contributing to the nation and employing effective marketing techniques. MetLife Gulf ------------ We have been assisting people and companies in the Gulf for more than 65 years as they navigate their ever-changing environments. We collaborate closely with businesses and middlemen to find fresh approaches to satisfy our clients’ changing requirements. * We do this by launching cutting-edge investment and protection solutions and providing outstanding assistance at every turn. * MetLife is a major worldwide supplier of insurance, annuities, and employee benefit plans through its subsidiaries and affiliates. In the US, Latin America, Asia, Europe, and the Middle East, MetLife, Inc. enjoys dominant market positions. * my MetLife App: No matter where you are, our app makes it simple to track your health, manage your plans, and access your products. SALAMA Cooperative Insurance Co. -------------------------------- A Saudi joint stock company, Salama Cooperative Insurance Company was formerly known as Saudi IAIC Cooperative Insurance Co. In actuality, the company’s history began in 1979 when the Islamic Arab Insurance Company (Salama) was registered in the United Arab Emirates. * Salama Cooperative Insurance Co. is regarded as a pioneer in Shariah-compliant insurance and is one of the major Takaful and Retakaful operators in the MENA area. * One of the first cooperative insurance providers to receive a license under the Cooperative Insurance Regulations is Salama Saudi. The company is renowned for the high caliber of security and customer service it offers. Nasco Insurance Group --------------------- The privately held Nasco Insurance Group was established in 1969 in Lebanon. * The group has expanded its presence to include France, the UAE, the Kingdom of Saudi Arabia, Qatar, Oman, Türkiye, Nigeria, Egypt, Iraq, South Korea, Kenya, and Lebanon through a succession of effective strategic implementations throughout its neighboring nations and beyond. * We are here to help our diverse clients. Our team consists of over 1,000 professionals. They specialize in insurance and reinsurance brokerage, underwriting, and related services. This includes consulting and third-party administration. Our unified team is always ready to assist and counsel. The Bottom Line --------------- Here are the top insurance companies in Saudi Arabia. Let’s see some of the challenges the financial institutes face. It takes days, if not weeks, to close the books in banks. This is a result of the difficulties in combining several entities at the end of the month. Executives find it challenging to make better judgments when the team lacks access to real-time data for the entire month. It takes a lot of time to manually carry out the intricate accounting procedures that most banks deal with. It’s risky as well because there’s a considerable chance of data entry errors. With its [ERP software](https://www.penieltech.com/best-erp-software-in-saudi-arabia.php), Penieltech provides banks and other financial institutions with accounts payable automation and other bookkeeping operations. With its help, customers can effectively handle expense reports, fixed assets, prepaid and accruals, and invoicing. Here are some of Elate accounting software’s salient features: * Make unique workflows and processes for approval. * Reporting that is suitable for audits and research * Processing invoices using optical character recognition (OCR) and automated coding * Elate accounting Software makes online payments and billing simple.

Admin Thu Dec 12 2024

HR and Payroll Software

Working Part-Time in the UAE - 2025

The UAE Labour Law states that you must work eight hours a day to be considered full-time. Both in the UAE and globally, working culture has undergone significant transformation. But what about working in the UAE on a part-time basis? Is it lawful to hire part-timers in the UAE? Are there any regulations in the UAE for those working part-time? ![Working part-time in the UAE](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Working-part-time-in-the-UAE-1024x1024.png) Is it legal for you to work part-time in the UAE? ------------------------------------------------- Many job seekers contemplating part-time work in the UAE often wonder if it’s allowed. Although part-time employment was not permitted until the past ten years, the 2010 revisions to the UAE Labour Law created specific provisions allowing individuals to accept positions with fewer hours worked. However, there are rules that both companies and workers must follow, and to lawfully pursue such possibilities, those seeking them must get a part-time UAE work permit. Data from the OECD shows that part-time employment increased rapidly following labor legislation modifications. In 2019, part-time employment accounted for about 3% of all jobs in the nation. Even if it’s now easier to discover and land a part-time job, there are still certain restrictions to be aware of. Remember that you cannot convert a part-time contract to a full-time one unless you cancel it. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_13" ).setAttribute( "value", ( new Date() ).getTime() ); Who is eligible for a temporary work permit in the UAE? ------------------------------------------------------- Any resident of the UAE, whether currently employed or not, is eligible to work part-time. If you are an employee from outside the GCC who is in the UAE on a work visa, you are also qualified for a temporary work permit. Additionally, current holders of part-time work permits can work concurrently for another company. For the visa to remain valid, they have to work fewer than eight hours a day, part-time, in the original company. The same requirements have to be fulfilled in their new job. Only skilled individuals are eligible for the part-time contract system. This indicates that employers typically require a bachelor’s degree or above. If you have finished a two- or three-year diploma in a scientific or technological discipline, you may potentially be qualified. Those with family visas to the UAE can work two jobs, but they need a part-time work permit with an NOC from the sponsor. Men and women between the ages of 18 and 65 can apply for these employment permits. You cannot apply for a part-time permit if you are a visiting or tourist visa holder. The fees for a temporary work permit ------------------------------------ The total cost of the permit to work part-time in the UAE is AED 600. This charge for the UAE part-time work permit is broken down as follows: * 100 AED is the application fee. * Fee for approval: 500 AED The potential employer is responsible for paying these costs. The cost of the temporary UAE work permit does not include any applicable Tas’heel service fees. Documents Requisite for a Part-Time Work Permit in UAE ------------------------------------------------------ Lawfully working a part-time job in the UAE needs to fulfill the requirements for eligibility and finish the part-time work permit. The requirements are as follows: your employer or sponsor must submit the necessary paperwork to MOHRE to obtain permission. * Copy of a national passport for a worker or application. * The passport-sized colored photo of the applicant or employee with a light background. * A copy of the contract letter and the employment offer letter. * Copy of UAE residency visa, valid for six months. * A copy of your academic credentials and certification. * Certificate of no objection (application full-time employer should be aware of employee’s part-time employment). * A copy of the trade license for both the first full-time and second part-time jobs. How will you get a part-time work permit in Dubai, UAE? ------------------------------------------------------- The employer must submit applications and supporting documentation for part-time work permits in the UAE. The Employer has two options for obtaining a work permit for part-time hours. Employers can first visit the closest TASHEEL Services location to submit an offline application. The second simple option is your employer’s to select. The Employer can visit the MOHRE website to apply for a part-time employment visa in the UAE. Both the employer and the employee must sign the contract to ensure that the employer is aware of the part-time employee’s position and compensation. What professions in the UAE are accessible on a part-time basis? ---------------------------------------------------------------- In the UAE, numerous job opportunities exist for individuals seeking part-time employment. Among the most popular roles are the following: * Drivers * Sales Officers * Accountants, * Designers, * Human Resources and Recruiters * Executive Assistants and Many Others Job portals in the UAE make it simple to search for positions. If you’re seeking extra work opportunities, it’s a good idea to keep an eye out because job availability might change quickly. Wrapping Up ----------- Here’s all you need to know about part-time jobs in the UAE, whether you want to work for additional money or just to keep yourself occupied. In the UAE, there are numerous advantages to part-time employment for both businesses and employees. Workers who want to earn extra money while studying can take advantage of temporary job options. Part-time employment can be a flexible tool for businesses to meet deadlines and fill temporary positions. [Human Resource Management Software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) (HRMS) is a feature-rich and reasonably priced solution that caters to the demands of small and medium-sized businesses as well as large corporations. HR departments, administrators, and employees in Dubai, Abu Dhabi, the United Arab Emirates, the Middle East, and other GCC nations can all benefit from the user-friendly, intuitive interface that [Elate HRMS software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) offers. Because we commit to meeting your company needs with comprehensive solutions, we’ve developed relationships with some of the global leaders in our respective industries. Our services are founded on knowledge, process experience, and workable solutions. We have partnerships with top service providers as well as relationships with world-class product manufacturers. We work hard to make sure that our customers receive nothing less than the best!

Alex Thu Dec 12 2024

Information Technology

Top 10 IT Companies in Saudi Arabia

Choosing the finest IT companies in Saudi Arabia can be challenging because there are thousands of IT support and service providers vying for your business. To provide you with some assistance, they have begun searching for trustworthy and informed IT services in Saudi Arabia. The top 10 IT companies in Saudi Arabia and, the UAE that can support the company in 2024 have been determined following a careful analysis of numerous UAE-based enterprises. A wide range of topics is thoroughly researched before the list is finalized. Specifically, the topics cover web development experience, employee numbers, work history, client feedback, and a host of other topics. ![Top 10 IT Companies in Saudi Arabia](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Top-10-it-companies-1024x1024.png) So, let’s discover the top 10 IT development businesses in Saudi Arabia. Oracle ------- Oracle is a cloud technology company that offers software and computer infrastructure to businesses worldwide so they may innovate, increase efficiencies, and function more effectively. To better organize and safeguard the data of their clients, they also built the first and only autonomous database in history. * Oracle Cloud Infrastructure provides cost savings, increased security, and improved performance. It is made to make it simple for companies to shift workloads between on-premises systems and the cloud, as well as between the cloud, on-premises systems, and other clouds. * Oracle Cloud applications give corporate executives access to cutting-edge tools that support their ability to innovate, achieve sustainable growth, and build resilience. * Their work is not only changing the corporate landscape but also advancing scientific and medical research as well as government defense. * Millions of people use their solutions to link data and people globally, make HR more personal, swiftly pivot to a new financial plan, and streamline supply chains—from nonprofits to businesses of all sizes. Penieltech ---------- [Penieltech](https://www.penieltech.com/) is one of the reputable IT companies in Saudi Arabia that specializes in offering cutting-edge technology services and software solutions. * They provide many different services, such as support, customization, implementation, and software development. * Penieltech helps organizations optimize their operations, increase productivity, and spur growth. Its expertise is in accounting software, [ERP systems](https://www.penieltech.com/erp-software-uae-dubai.php), and [CRM solutions](https://www.penieltech.com/crm-software.php). * They identify, modify, expedite, and enhance how companies and software companies run their operations. * Additionally, they implement comprehensive solutions that satisfy the innovative, high-quality, and expedient needs of their companies’ clients. * They have expertise in many different industries, such as healthcare, retail, energy, and finance. IBM --- IBM is a multinational corporation in the IT industry offering a wide range of services. Cloud computing, AI, cybersecurity, and data analytics are some of these services. With its cutting-edge technology and extensive industry knowledge, IBM assists companies in Saudi Arabia with operational transformation and cybersecurity improvement. Additionally, they use the potential of cutting-edge technologies to their advantage. By combining modern technology with a varied range of perspectives, they can work closely together, exchange ideas openly, and quickly implement ground-breaking discoveries that have a significant impact. * Machine learning and AI * Analytical * Computers and servers * Databases * Development Operations * Automation of IT * Quantum * Identity and security Peniel Computer --------------- [Peniel Computer](https://www.penielcomputer.com/sa) is an esteemed IT services provider in Saudi Arabia offering an extensive array of technological solutions. They are experts in networking, cybersecurity, accounting software, and IT infrastructure. The knowledgeable staff at Peniel Computer assists companies in Saudi Arabia with establishing safe systems and a strong IT infrastructure. * They also use technology to increase the effectiveness of their operations. * With more than 20 years of experience, they help clients create unique software that improves business operations and increases their market share. * There are numerous additional factors as well, such as global teams of highly skilled engineers, a thorough grasp of industry sectors, and continuous technological development. Cognizant --------- Based in Saudi Arabia, Cognizant is a multinational provider of IT consulting and services. Digital transformation, application development, data analytics, and IT infrastructure management are just a few of the many services they provide. Consequently, Cognizant assists organizations in Saudi Arabia in navigating difficult technology issues and staying ahead of the curve in the digital ecosystem because of its extensive domain expertise and innovation-focused approach. With the aid of their application modernization services, you may become more agile in an increasingly digital environment. * Cloud Enablement * Application Services & Modernization * Data, Analytics & AI Emerald Software ---------------- Software solutions catered to the specific requirements of organizations are provided by Emerald Software, a reputable IT support and services provider in Saudi Arabia. Their areas of expertise are support services, training, and the implementation of accounting software. * [Emerald Software](https://www.emeraldsoftwares.com/sa) helps businesses increase efficiency by streamlining their financial procedures and offering features that are easily customizable. * Technology for web design and development is the core of their product line. For example, using market research and competitor information makes it easier for firms to expand and accomplish their objectives. * In addition, they regularly offer their clients services and information that boosts their return on investment. HP ---------------- One well-known IT company that is well-represented in Saudi Arabia is HP. They offer a large selection of servers, storage devices, printers, laptops, and other hardware and software solutions. Businesses in Saudi Arabia can optimize their IT infrastructure and increase productivity with the aid of HP’s products and services, which appeal to a variety of industries. Reach your business goals more quickly and prosper in today’s data-driven, networked society. At the edge and in the cloud, data comes first in their minds. * You can access the cloud with HPE GreenLake. helping you use AI to build distinctive advantages. * Create opportunities for their entire company. * Transform data into actionable insights, intelligence, and safety and security improvements. Enhancing your lifestyle and profession. SAP --- Renowned IT giant SAP is well-known for its business software products. ERP systems, customer relationship management, supply chain management, and business intelligence tools are just a few of the many goods and services they provide. Businesses in Saudi Arabia may improve efficiency, simplify processes, and make data-driven decisions for long-term success using SAP’s solutions. The full, adaptable, and multi-award-winning ERP is SAP S/4HANA Cloud. With AI and analytics built in, it can support your company’s operations in real-time, wherever. By connecting e-commerce, marketing, sales, and service data, you can utilize artificial intelligence (AI) to customize the customer experience across all touchpoints with their CX solutions. * Enterprise Resource Planning * CRM and Customer Experience * Financial Management * Spend Management * Human Capital Management * Business Technology Platform * Supply Chain Management * Business Network Aconex ------ Construction project management and delivery get a complete solution. This is achieved through the combination of the Oracle Construction and Engineering Cloud and Aconex’s cloud-based project communication capabilities. Aconex software connects teams across projects and provides private workspaces and automatically constructed audit trails for each participating organization. * The Aconex cloud platform combines speed and versatility to match the unique needs of each client and is designed for speedy implementation. * Aconex software provides a comprehensive solution. It ensures a secure cloud environment. The software seamlessly transitions during new project phases and handovers. It facilitates the sharing of data and procedures throughout the project life cycle. Gulf Infotech ------------- Gulf Infotech, which was established in 2009, is one of Saudi Arabia’s top providers of cloud solutions and is steadily growing throughout the Middle East. The assumption at Gulf Infotech is that cloud computing will dominate technology in the ensuing decades. Gulf Infotech’s primary goal is to offer its clients SaaS, PaaS, and IaaS solutions from all of the top global cloud providers. * Since 2009, Gulf Infotech has been a leading Middle Eastern cloud solution provider and a Google Enterprise partner for the MENA area. * Gulf Infotech is a shareholder in CloudCodes, an Indian product development business that creates cloud-based solutions for Google Apps and is committed to expanding the Google Apps ecosystem. The Bottom Line --------------- Saudi Arabia is becoming a technical hub thanks to advancements in technology that combine several digital components to raise humankind’s level of living. Since the city has embraced cutting-edge technologies, such as company web development and custom IT solutions, it has become a hub for commerce and business. Because these business tactics generate large profits and aid in its quick growth. To promote a positive socioeconomic atmosphere, Saudi Arabia creates an atmosphere that inhibits businesses from thriving.

Alex Thu Dec 12 2024

VAT

Top 10 Audit Firms/Consultants in Saudi Arabia

Audit firms/consultants in Saudi Arabia are essential to comprehending the financial side of a company. They assist in clarifying and emphasizing the company’s main advantages and strengths so that executives may decide wisely based on the state of the market and the company’s position. To enhance corporate governance and operational standards, business organizations need an impartial and independent audit to analyze and appraise their operations and procedures. ![Top 10 Audit Firms/Consultants in Saudi Arabia](https://www.penieltech.com/blog/wp-content/uploads/2024/02/Top-10-Audit-FirmsConsultants-in-Saudi-Arabia-1024x1024.png) Since many reputable and skilled audit firms offer a variety of services, it could be challenging to identify and choose the best audit firm/consultant for the business. The top 10 audit firms/consultants in Saudi Arabia are listed below: Deloitte -------- Deloitte is a global leader in several services, such as tax, risk advising, financial guidance, auditing, and consulting. One of the most well-known companies in Saudi Arabia offering professional services is Deloitte, which specializes in taxation, consulting, risk advisory, auditing, and financial advice. They also offer a plethora of additional services. They provide services to many different businesses, such as consumer products, media, technology, telecommunications, government and public services, and energy resources and industry. Deloitte’s global network of audit experts offers a wide range of audits and advisory services to help clients meet their goals, control risks better, and perform better everywhere in the world. * Customer and Marketing * Auditing and Assurance * Consulting * Business Operations * Strategy, Analytics, and M&A Penieltech Saudi Arabia ----------------------- Penieltech is a top audit consultant in Saudi Arabia. Excellent services in audit, accounting, VAT, business consulting, tax compliance, feasibility studies, and other areas are offered by [Penieltech](https://www.penieltech.com/). It is spread over eight nations in the globe. Penieltech’s audit techniques are tailored to each company’s and industry’s specific requirements about reporting and operations. We provide insights and advocate for transparency through our work in audit and assurance. Their globally coordinated tax professionals offer integrated services across all tax disciplines to help you prosper in a world that is changing swiftly. Penieltech helps firms align their activities more tax-efficiently and covers broad business requirements. They specialize in consulting services, but they also use Elate Accounting Software to streamline auditing. * Audit and Assurances consulting * Business Consulting * Accounting and Bookkeeping * Tax Compliance * VAT Services * Robust Accounting software to handle your finances KPMG ---- Beyond the requirements of the law for increased disclosure, KPMG’s priority is fostering transparency and rebuilding confidence in corporate reporting. KPMG’s commitment to providing a reliable risk-based audit has never wavered. Through the use of a worldwide talent pool, their all-encompassing approach seeks to help businesses of all sizes, from small and medium-sized businesses to the biggest multinational firms. Reports on Business * Risk Consulting * VAT Compliance * Internal audits * Financial Statement Audit Emerald Software ---------------- A renowned audit consultant in Saudi Arabia, [Emerald Software](https://www.emeraldsoftwares.com/sa), focuses on offering accounting software solutions to optimize audit procedures. To improve the efficiency of data gathering, processing, and reporting, their audit program includes multiple components. To ensure accurate and timely audits, Emerald Software assists businesses in improving the efficacy and efficiency of their audit procedures. A company’s image and reputation will be greatly enhanced by an objective assessment and comprehensive audit report. If Emerald’s professionals are satisfied with a company’s financial statements, they will only offer a clear report or an unqualified opinion. Their team of professionals offers a wide range of accounting services, including auditing and financial consulting. Emerald’s deep industry experience and commitment to offering top-notch services make them a trustworthy partner for businesses in Saudi Arabia. Crowe ----- Crowe will stop at nothing to provide crucial business advice, excellent solutions, and customized, all-inclusive services since it is dedicated to its clients’ success. Since the industry is dynamic and always evolving, they make an effort to keep current and fully prepared with the best technical standards and expertise required for any circumstance in the commercial sector. * Risk Management * Business Valuations * Audit documentation tool * Tax compliance * Tax filing obligation Peniel Computer ---------------- Renowned audit firm [Peniel Computer](https://www.penielcomputer.com/sa), located in Saudi Arabia, is well-known for its proficiency in offering all-inclusive audit solutions. They offer a variety of services, including financial statement audits, internal audits, and compliance audits. Peniel Computer provides additional assistance to businesses in risk assessment and internal control enhancement through their methodical approach and attention to detail. They guarantee that laws are obeyed in this way. Peniel Computer examines a company’s financial statements and books of accounts during an audit to see if they follow Saudi Arabia regulations and international, regional, and IFRS accounting standards. * Bookkeeping and Accounting * Accounting software provider * Audit Consulting * Business risk assessment PwC --- The headquarters of the global services firm PricewaterhouseCoopers, or PwC, are located in London, England. In terms of revenue, PwC is the biggest professional services firm globally and one of the “Big Four” accounting firms. Price Waterhouse Coopers, which is well-known for its superior corporate finance accounting services, also provides state-of-the-art services for risk management, auditing, tax analysis, business compliance, corporate finance, and security. Price Waterhouse Coopers keeps a code of conduct up to date in each of its foreign offices to ensure that all corporate rules and regulations are followed. * Risk management * Security services * Corporate finance * Financial audit * Business compliance * Tax analysis EY, or Ernst & Young -------------------- Ernst & Young (EY), one of the Big Four accounting and auditing firms, is a global supplier of professional services. Through several mergers, the business became well-known and established a modern reputation. When Ernst & Whinney and Arthur Young merged in 1989, Ernst & Young was created. The company rebranded in 2013, shortening its name to EY and introducing a new logo. EY offers four main service categories: advising, transaction advisory, tax, and assurance. Year after year, assurance has shown to be the most profitable service; the least profitable are advisory and tax services, and transaction advisory services. * Cybersecurity consulting services * Data and decision intelligence * Technology consulting services * Supply chain and operations * Risk consulting services Grant Thornton -------------- Regarding total fee income, Grant Thornton LLP is a part of the world’s seventh-largest accounting network, Grant Thornton International. Grant Thornton LLP is the sixth-largest accounting and consultancy firm in the world. The company runs 59 facilities across the US, has 550 partners, and employs over 8,500 people. Its annual sales are more than US$1.9 billion. Grant Thornton LLP, a Chicago-based firm, provides three service categories: tax, audit, and consulting. Some of the specialized consulting services and areas of expertise offered include Sarbanes-Oxley compliance, tax, and business evaluations. The industries that are targeted include manufacturing, real estate, retail, technology, energy, distribution, transportation, not-for-profit organizations, financial services, food and beverage, healthcare, hospitality, and restaurants. * Statutory Audit * Business Risk Services * Financial Reporting Advisory Services (FRAS) * International Tax and Tax Due Diligence * Technology Advisory & Cybersecurity Charles & Darwish Associates ---------------------------- Charles & Darwish Associates CDA Accounting and Bookkeeping Services LLC is a clearinghouse for accounting and management services. The creator and mentor of CDA Accounting and Bookkeeping Services LLC, a reputable professional service provider in Saudi Arabia that provides a wide range of accounting and management consulting services, is Mr. Mohammad Darwish. They concentrate on providing both standard and particularly created accounting services based on the particular demands of their clients to get the best results. A highly skilled group of individuals known as CDA provides their knowledge in areas like as budgeting, cost-benefit analysis, and VAT registration. * auditing and assurance * business and management consulting * accounting and advisory The Bottom Line --------------- Audit firms/consultants in Saudi Arabia assist businesses in keeping up-to-date and correct financial records to make stakeholders, investors, and shareholders understand better. The procedures used in auditing and assurance are to confirm, appraise, and analyze all of the financial data of the business and guarantee adherence to global and accounting standards and procedures. The presence of audit firms/consultants in Saudi Arabia helps organizations keep a strict internal control system in place to stop fraud and account misrepresentation. Audit specialists create a system based on the requirements of the business to identify and prevent any illegal conduct that compromises the integrity and reputation of the organization in the marketplace. > **_[Top 10 Audit Firms in Dubai](https://www.penieltech.com/blog/top-10-audit-firms-in-dubai/)_**

Sophia Thu Dec 12 2024

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