Nair & Nelliyatt Chartered Accountants

16/10/2026

A stronger business starts with stronger internal controls.
Internal audit gives you an independent look at your financial processes, controls and day-to-day operations. At NNCA, we help identify gaps, risks and inefficiencies and provide practical recommendations to strengthen your business processes.
The service can help businesses with:
Review of financial and operational processes
Evaluation of internal controls
Identification of process gaps and risks
Review of compliance practices
Detection of errors and irregularities
Recommendations for stronger controls and better processes
Ongoing monitoring and improvement

08/10/2026

Which type of audit does your UAE business need?
Audits serve different purposes, from reviewing financial statements and strengthening internal controls to checking tax compliance, investigating fraud and improving business operations.
In this blog, we explore the different types of audits relevant to UAE businesses and explain how each can help with compliance, risk management, financial reporting and business efficiency.
Read the full blog to understand which audit may be relevant to your business.

https://nairnelliyatt.com/different-types-of-audits-matters-in-the-uae/

05/10/2026

Important UAE Corporate Tax Update for Free Zone Businesses
The UAE Federal Tax Authority has issued Decision No. 6 of 2026, introducing additional compliance procedures for Qualifying Free Zone Persons (QFZPs) engaged in the distribution of goods or materials in or from a Designated Zone. The decision applies to tax periods starting on or after 1 January 2026. Stay ahead of the latest Corporate Tax requirements and ensure your compliance processes are up to date.
NNCA can help you review your documentation, assess compliance requirements, and prepare for the new reporting obligations.

29/09/2026

Did You Know?
The UAE Corporate Tax framework provides Small Business Relief for eligible small businesses, helping reduce the corporate tax burden for qualifying taxpayers. Under the relief scheme, eligible businesses can elect for Small Business Relief if they meet the required conditions, including the applicable revenue threshold set by the UAE tax regulations.
Why does this matter?
✔ Helps eligible small businesses manage their tax obligations more effectively.
✔ Encourages better financial planning and record-keeping.
✔ Requires businesses to understand eligibility conditions before making the election.
Small businesses should regularly review their revenue, records, and tax position to ensure they are making informed compliance decisions.

25/09/2026

The UAE has introduced amendments to its VAT Law and Tax Procedures Law, bringing important changes for businesses and taxpayers from 2026.The updates aim to improve tax processes, increase transparency, and strengthen compliance requirements.
Key changes include:
✔ Clearer timelines for certain VAT refund claims and tax procedures.
✔ More flexibility in correcting certain tax errors.
✔ Stronger measures to address tax non-compliance.
✔ Enhanced procedures for tax audits and reviews.
Why does this matter?
Businesses should review their VAT processes, maintain accurate records, and ensure their compliance practices are aligned with the updated requirements. Staying informed about tax law changes helps businesses reduce risks and manage their obligations more effectively.

18/09/2026

Planning to start a business in the UAE? Make the process easier.
Starting a company is an exciting step, but navigating legal requirements, licenses, and documentation can be challenging without the right guidance.
NNCA helps entrepreneurs and businesses with end-to-end business setup services - from choosing the right company structure and obtaining trade licenses to handling registrations and regulatory requirements. With expert support at every stage, you can launch your business smoothly and focus on what matters most - growing it.

14/09/2026

Is your business ready for UAE e-invoicing?
The UAE is moving towards a more digital and automated invoicing system, bringing important changes for businesses of all sizes. E-invoicing is not just about replacing paper invoices - it involves issuing and exchanging invoices through a structured digital system while improving accuracy, transparency, and compliance.
In this blog, we explain what UAE businesses need to know about e-invoicing, how the system works, what changes to expect, and how businesses can prepare for a smoother transition.
Read the full blog to understand the requirements and steps your business should take to stay ready.

Your complete guide to the UAE's new e-invoicing system – discover what it is, why it’s being introduced, and key dates,

09/09/2026

VAT doesn't have to be complicated.
Value Added Tax (VAT) is an important part of doing business in the UAE, but managing registrations, return filings, and compliance can quickly become overwhelming.
NNCA helps businesses handle every stage of VAT - from registration and filing to advisory and compliance reviews - so you stay compliant and avoid unnecessary penalties while focusing on growing your business.

08/09/2026

Setting up a company in Dubai still raises one question for many foreign investors: do you need a local sponsor? The short answer is — it depends. A local sponsor is not an investor in your business. They are a UAE national, or a company owned by UAE nationals, who act as the local legal representative for certain mainland structures. In some cases they still hold 51% on paper, while you keep operational and financial control through proper legal agreements. After the 2021–2022 changes to the Commercial Companies Law, 100% foreign ownership is now allowed in most sectors. A sponsor is still required for some mainland activities, especially trading, retail, and businesses that need import/export licences.
Read the full blog to understand who a local sponsor is, when you actually need one, and how to protect your control of the company:

Do you need Local Sponsors in Dubai Company Formation? Is 100% foreign company formation allowed? Read to know!

31/08/2026

Did You Know?
Did you know that under the UAE's Federal Decree-Law No. 33 of 2025 Regarding the Regulation of Capital Markets, a broad range of financial activities cannot be carried out without approval from the Securities and Commodities Authority (SCA)?
The law covers activities such as brokerage, investment fund management, financial advisory, custody services, virtual asset-related services, crowdfunding platforms, underwriting, and more. Entities engaging in these activities must obtain the appropriate license or approval from the Authority.

What protections does the law provide?
Client funds and securities must be segregated from a licensed firm's own assets.
Client assets remain protected and do not form part of the licensed entity's assets in the event of bankruptcy or liquidation.
The Authority has extensive enforcement powers, including imposing fines, suspending activities, revoking licenses, and taking action against unlicensed operators.

Why does this matter?
Federal Decree-Law No. 33 of 2025 strengthens investor protection, enhances confidence in the UAE's capital markets, and reinforces the country's commitment to a transparent and well-regulated financial ecosystem.