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Dubai business setup firm A&A in unique pact with sustainability advisory firm

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In a first for a business setup company in Dubai, A&A Associate has partnered with top international sustainability advisory firm Bon Conseil to kickstart plans for a net zero journey that will see them cut out Green House Gas (GHG) emissions within the next three years.

“A&A Associate has always been a pro-active changemaker, not just picking on trends but, in fact, executing them ahead of others so our business operations and processes remain aligned with UAE Government’s commitment to sustainability,” said Robin Philip, the founder and director of A&A Associate, after signing an MoU with Bon Conseil.

“The dedicated team of professionals at Bon Conseil, with their global experience and expertise, are the ideal partners to assist us in fulfilling this dream of ours of being sustainable in each and every service we provide. Mr Philip hoped the pact will aim to create “an even more diverse and inclusive workforce in A&A Associate in terms of gender and different nationalities.

“The plan is to be more sustainable and environmentally conscious in all the business processes and operations, to align with UAE’s vision on sustainability and reiterate our firm’s commitment to the same, to achieve Net Zero Target for GHG emissions within the next three years and eventually to set many consulting-sector-first sustainable best practices by being a trendsetter with innovative impact-driven initiatives.”

Philip and his team will also plant at least 100 thousand trees in the next year as part of their commitment to making the world a greener place.

Bon Conseil co-founder Tanuj Agarwal was part of the signing ceremony with Philip, A&A Associate Chairman Ahmed Abdualla Ali Mohamed Alamiri and Urmish Mehta, fellow co-founder with Agarwal.

“At Bon Conseil, we view sustainability not as an end in itself, but as the means to a more far-sighted and impact-driven business, which is focussed not only on wealth creation but also has more fiduciary accountability towards the society and environment,” Mr Agarwal said.

“Sustainability is the all-pervasive blood that should run in the veins of the business operations and should not be viewed in silos, devoid of Business.”

Over the period next 12 months, Bon Conseil plans to introduce a number of innovative initiatives at A&A Associate that they say will lead to a ‘significant transformation in the way it does business and will also align with global best practices in sustainability.

“We are delighted to act as sustainability enablers for A&A Associate and the enthusiasm shown by its people towards being impact leaders will fasten the process of transformation and A&A Associate will emerge as a sustainability trendsetter in its business sector,” said Mr Mehta.

About A&A Associate

A&A Associate is a leading Dubai business setup company and the only such firm that houses Chartered Accountants, lawyers, and consultants providing a wide range of legal, auditing, accounting and management consulting solutions, designed to meet different all business needs through a single window.

Visit https://www.aaconsultancy.ae/ if you are someone looking to set up a new business anywhere in the UAE and need help.

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Small businesses in the UAE now have tax relief until 2029

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

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UAE public holiday announced: 3-day weekend coming up on August 28

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Planning your next long weekend? The UAE has confirmed Friday, August 28, as a public holiday for employees in both the public and private sectors.

The holiday commemorates Prophet Muhammad’s (PBUH) birthday, an occasion included among the UAE’s official public holidays. As the date follows the Islamic calendar, the timing changes from year to year.

A three-day break for many residents

With the holiday falling on a Friday, employees who follow a Monday-to-Friday working week can enjoy three days off:

  • Friday, August 28: Public holiday
  • Saturday, August 29: Weekend
  • Sunday, August 30: Weekend

That means residents can make the most of the break with a short trip, a staycation or a relaxed weekend at home.

Another UAE holiday is coming

The next major public holiday on the UAE calendar will be Eid Al Etihad, with celebrations and the official holiday scheduled for December 2 and 3.

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What the UAE’s new vape excise price means for consumers and retailers

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The UAE Ministry of Finance has introduced a new rule that sets a minimum excise price for liquids used in electronic smoking devices.

Beginning September 1, vaping liquids will be subject to a minimum excise price of AED 1 per millilitre.

The ministry confirmed that the existing minimum excise prices for cigarettes, water pipe tobacco (shisha), and other tobacco products will remain unchanged.

According to the ministry, the decision aims to improve tax compliance, respond to developments in the tobacco and vaping industry, and create a more consistent pricing framework across tobacco and electronic smoking products.

The UAE will also continue applying its 100% excise tax on all tobacco products covered under the country’s excise tax regulations.

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