X
About

The argument in favor of using filler text goes something like this: If you use real content in the Consulting Process, anytime you reach a review point you’ll end up reviewing and negotiating the content itself and not the design.

Social Account

BUSINESS SERVICES

Bank Account Opening Assistance

In most cases your physical presence will be required during the application, so you can meet the bank representative, sign the application form, and submit the required documents. The standard processing time can take 20 or more working days, depending on the complexity of the application. Our team can assist by first assessing your documents then recommending the most suitable bank for your business and further liaise with the bank if required.
Get in touch with us free consultation with our experts

Accounting Services

The Generally Accepted Accounting Principles (GAAP) in the UAE it’s in harmony with the International Federation of Accountants (IFAC). Although they have their own set of accounting principles for companies that are looking to be Sharia compliant.

Our accounting services follow the standards indicated in the International Financial Reporting Standards (IFRS) and are managed by a team of highly qualified certified accountants.

Businesses operating in the UAE must comply with Value Added Tax (VAT) which came into effect as of January 1st, 2018. Value Added Tax (VAT) applies to all companies making more than AED 375,000 and voluntary registration if the company is making more than AED 187,500. The general VAT rate is 5% and applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT (subject to specific conditions being met).

Imperial normally recommend that clients should outsource accounting services with the use of the latest accounting software. We can help you implement cloud computing and latest accounting software programs. Our goal is to offer advisory services and allow you to focus on your business.

Get in touch with us free consultation with our experts

Product Registration

If you intend importing a product into the UAE, you must register it with the municipality for product quality assurance purpose and consumer safety. This will further benefit you to prevents imitation of your product. The Municipality of each emirate is the competent authority with which importers and local manufacturers are obligated to register their products. Products such as food, cosmetic, health, pharmaceuticals, herbal, electronic, sports equipment and several others.

Benefits:

  • Label protection
  • Brand protection
  • Import and re-export rights
  • Easy trade inside and outside UAE
  • GCC launch option availability
  • Minimum or no tax on manufacturing, importing, or re-exporting of products in Dubai.
Get in touch with us free consultation with our experts

Trademark Registration

To protect your brand in the UAE is to register a trademark with the UAE Ministry of Economy by filing the application with the trademark office. In addition to the registration, the recording of a trademark with Dubai customs and Intellectual Property protection.

Registering your trademark, which can be a name or a symbol, in the UAE protects your company. Hence, you will be legally recognized as the owner of the goods and services with that trademark.

Imperial can assist with the processes involved like registration fees, renewal and cancellation processes.

Get in touch with us free consultation with our experts

Copyright Registration

According to Article 20 of UAE Federal Law No. 7 of 2002 on Copyrights and related right matters pertaining to the economic rights of an author shall be protected under this Law. This is for the duration of an author’s lifetime plus 50 years after his/her the death. Hence, the economic rights of the applied work of art shall expire 25 years after the copyright registration subject to renewal. Any creative work that is literary, artistic, educational or musical form will be considered to register as per the copyright law in UAE.

Literary works that comes under copyright are as follows:

  • 1. Books, booklets, articles and other literature
  • 2. Computer software and applications, databases and similar works defined in a decision to be issued by the Minister of Economy
  • 3. Lectures, speeches, sermons and other works of similar nature
  • 4. Plays, musicals and pantomimes.
  • 5. Musicals accompanied by dialogues and musicals which are not accompanied by dialogue.
  • 6. Audio and video works or audio-visual works
  • 7. Architectural work and architectural plans and drawings
  • 8. Drawings, paintings, sculptures, etchings, lithography, screen printing, reliefs and intaglio prints and other similar works of fine art
  • 9. Photographic work and the likes
  • 10. Works of applied art and plastic art
  • 11. Charts, maps, plans, 3-D modelling for geographical and topographical applications and architectural designs etc.
  • 12. Derivative works, subject to the protection afforded to the work(s) upon which they are based. The protection shall extend to the title of the work, if created, as well as the creative concept devised for broadcast material.

Health Insurance

There are 4 types of health insurance  plans that you can choose from (1) Basic Health Insurance (2) Comprehensive Health Insurance (3) Shariah Compliant Health Insurance (4) Health Insurance with Direct Access to Hospitals.

1. Basic Health Insurance: This type of health insurance plan covers policyholders against all the medical expenses caused due to an injury or illness. In the UAE this health insurance policy is for individuals and families.
2. This health insurance policy covers the policyholder’s inpatient and outpatient medical expenses, including diagnostics and tests, cost of medicines, doctor’s consultations, etc. With this same insurance policy, you can get limited cover for alternative medical care like homeopathy, physiotherapy, osteopathy and others including home nursing and private ambulance.
3. Shariah Compliant Health Insurance known in the region as Takaful Insurance where policy holders agree to contribute to some kind of mutual fund contribution in lieu of paying monthly or annual premiums. This will be after the interested party has chosen the type of sharia compliant insurance cover they need to contribute to in line with the following:

  • The claims must be paid out of the contribution made by the members
  • The Insurance policy operates based on Islamic cooperative principles.
  • A reinsurance commission must be paid out to Islamic insurance and reinsurance organizations.
  • There should be two kinds of funds - a shareholder fund and a policyholder fund.
4.These types of health insurance policies have direct access to the insurance policy underwriter hospital network. In this case the policy holder will get an insurance card which must be presented at the hospital for all the medical bills to be paid by the insurance company.

Employment Insurance

Starting from 1 January 2023, the United Arab Emirates (UAE) has implemented the mandatory unemployment insurance scheme for all workers in the private and federal sector except investors, business owners who own and manage their business themselves, domestic workers, employees on a temporary basis, juveniles under the age of 18 and retirees who receive pension and have joined a new employer.

Here are the categories and cost of subscription through authorized insurer for the Involuntary Loss of Employment policies on behalf of the ILOE Insurance Pool:

1. Workers with a basic salary of AED 16,000 or less will need to pay a monthly insurance premium of AED 5, i.e., AED 60 annually. The compensation for this category must not exceed a monthly amount of AED 10,000.

2. Those with a basic salary exceeding AED 16,000 will need to pay AED 10 per month, i.e., AED 120 annually. The compensation for this category must not exceed AED 20,000 monthly.

The worker can choose to pay the premium on a monthly, quarterly, half-yearly or on an annual basis.

The insured worker can negotiate with the insurance company to subscribe to additional benefits in addition to the above basic package.

The value of the insurance policy is subject to VAT.

Submit a Review