Reasons to Go For Auditing Services in Dubai

Auditing has always been an important part in business activities. It not only helps assess the risks in the forthcoming year, but the auditor also comes up with a plan to combat those risks. For any organization, it is a must to conduct a full audit every year. There are so many benefits of auditing that you will be surprised to know.

Reputation matters

No matter how successful your company is in the market, if it is found that your company has not been audited for a long time, people will start asking questions about the proper functioning and legality of your business. So, to ensure that your company retains its reputation for the years to come, it is important that an audit is done at the end of the year. It would show the transparency of your company to the customers and clients.

Protected by the law

When a company has been audited for years, it builds a trust with the government. It shows that the company abides by the laws of the state and would not do anything to cheat its customers and clients. Moreover, when you hire auditing services in Dubai you can be rest assured that your company will be freed from any kind of scams in future. This is a huge boost to any company because customers can rely on your company without any doubt. Some companies go for two audits in a year to make sure there is no illegal work going on in their business. 

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Best Things to Know About UAE Offshore Company and How They Can Be Formed

If you check the records of any UAE Offshore Company you will see that their overall operating expenses is lesser compared to the other companies involved in the same type of business. This is because of the offshore factor. When your registered office is somewhere else and you are operating your business activities from some other country, you will have to pay expenses according to the pay scale of the country you are operating in.

Read More: https://medium.com/@amittech/best-things-to-know-about-uae-offshore-company-and-how-they-can-be-formed-65f47dd9f2f6#.5zbqthkq4

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New Laws Pertaining to Trademark registration in KSA

The Kingdom of Saudi Arabia implemented a new trademark law on 4^th December 2002 , junking the Trademark Law and Implementing Regulations 1984.
Except the change in the definition of a trademark, which, according to Saudi law, is limited only to visual characteristics. It ignores the smell and sound as being trademarks.
The new law has seen some much required changes such as:

1. Article 13 allows an applicant to file an appeal with the ministry of commerce and industry within 60 days from the date of receiving refusal notice. If the appeal is rejected, the applicant can file a subsequent appeal with BoG , the administrative  court , within 30 days of receiving a notification.
2. Article 15 (previously article 16): an unsubstantiated  opposition appeal can be filed by a third party within 90 days of publication date, with the BoG.
3. Article 23 : provides a grace of 6 months following the expiry of protection period to file a renewal application.
4. Article 54(previously 60): the investigation and Public prosecution  commission can defend public rights in respect of penal actions.

Unregistered trademarks
Trademarks which are internationally well known do not require a separate trademark registration in KSA.
Trademarks can be cancelled if:

1. Non Usage Of Trademark For Five Years Without  A legitimate Reason
2. the trademark violates public order or public morality
3. trademark was registered using fraud or wrong information
4.  the re-registration process was not according to law
5. if the owner of trademark was listed in prohibited list.

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How to set up business in Dubai and UAE free zones

Dubai is conveniently located between Asia, Europe, and Africa, and middle east. Dubai is not very far away from Suez Canal, it gives easy access to European markets. The government is very generous and has provided a lot of incentives for new and existing businesses. Any new business has to choose between being a part of Dubai economy { LLC} or business setup in UAE free zones { off shore company }.

Read More Article: https://medium.com/@amittech/how-to-set-up-business-in-dubai-and-uae-free-zones-fb74bfeafe5a#.1y5i17jcl

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How to register a trademark in Dubai

Trademark registration in Dubai is an important part of business setup in Dubai or UAE. But what is a trademark in Dubai law?

Dubai trademark office states “a trademark, trademark or  a trade-mark is a sign or indicator used by an individual, business, organization, or other legal entity to identify that the products or services to consumers with which the trademark appears originate from a unique source, and to distinguish its products or services from those of other entities.

A Trademark Registration in UAE could be a name, word, phrase, design, image or a combination of these elements. It could also be a physical attribute of an object like its color, smell or sound.

A legal identity can commence legal proceedings again any individual or business, in case the said identity finds an instance of copyright infringement.

Step 1: fill up the name reservation form on the DED website and pay the requisite fee.

Step 2: the application will be queued for approval of the trademark office and  a trademark will be issued.(it is not a step as such)

Step 3: approved applications are needed to be published in trademark journal and two local Arabic newspaper. There is a 30 day period, in which a legal identity can oppose the trademark approval of a competent court.

Step 4: if the approval is unopposed then the trademark is registered and  certificate of registration is issued.

Register a trade name and obtain a business license from the Department of Development (DED). To register a trade name, visit the DED website and complete the name reservation application, and wait for a letter of approval. The cost to reserve a name is AED 200 (USD $54.45).

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