Corporate Tax

Insight Safe Harbor Rules

Safe harbor rules: Tax certainty, regulatory protection, simplified compliance.

Insight Highlights of Bharatiya Nyaya Sanhita

Significant changes introduced by the newly passed Bharatiya Nyaya Sanhita Bill

Insight An Introduction to Transfer Pricing

Transfer pricing is an accounting and taxation-linked practice allowing companies to save on taxes.

Insight Understanding the AML Obligations in UAE

UAE has made significant progress in AML legislation with updated guidelines for financial institutions and a new Specialized Money Laundering Court.

Insight Legal Intricacies of HDFC Merger

The merger of HDFC and HDFC Bank creates India's largest bank, benefiting customers, shareholders, and employees of both companies.

Insight Understanding Naked Licensing of Trademark

Naked licensing in trademark law occurs when the owner licenses their trademark without maintaining control over its use.

Insight An Overview of Cryptocurrency | Water & Shark Insights

Cryptocurrencies operate in a regulatory grey area, offering benefits but remaining highly volatile and lacking general understanding.

Insight Newly Introduced Tax Residency Rules In UAE

UAE Cabinet of Ministers determines tax residency status for individuals under federal laws.

Insight Four New Special Economic Zones in Saudi Arabia

The Kingdom of Saudi Arabia (SA) under the guidance of the Crown Prince has just launched four new Special Economic Zones (SEZs)

Insight Changing Regulatory Landscape on Virtual Digital Assets in IndiaRegulatory Landscape on Virtual Assets

Entities involved in cryptocurrency-related businesses brought under the scope of the Prevention of Money Laundering Act, 2005.

Insight Revamping Business in Saudi Arabia

Saudi Arabia modernizes corporate laws with a new Companies Law effective from 19th January 2023.

Insight Virtual Assets Regulations in Dubai

The Dubai Virtual Assets Regulatory Authority (VARA) has recently issued new regulations on virtual assets and related activities as of February 7th, 2023.

Insight Decoding UAE Corporate Tax | Water & Shark Insights

Water and Shark (W&S) is a full-service financial and legal consulting firm offering Assurance, Tax Planning, and Advisory services.

Insight Overview on Family - Owned Companies Law in UAE

UAE Government's initiative ensures smooth generational succession in family businesses, creating a lasting legacy for future generations.

Insight Key Highlights of the Digital Personal Data Protection Bill 2022Digital Personal Data Protection Bill 2022

MeitY published the draft Digital Personal Data Protection Bill on 18th November 2022.

Insight UAE Federal Corporate Tax Law by Water & Shark

Federal Decree-Law No. 47 of 2022 issued on 3 October 2022 regulates taxation of corporations and businesses in the UAE.

Insight UAE Unveils New Tax Residency Rules

UAE introduces new Tax Residency guidelines for individuals and legal persons from 1st March 2023 for Corporate Tax implementation.

Insight Fantasy Sports – Analysis with an Edge

With the staggering growth of Fantasy Sports; India has the potential to emerge as a global hub...

Insight Succession Planning via Private Foundation

Effectively plan for succession planning and preserve your legacy with Succession Planning..

Insight Public Consultation Document- UAE CT

The UAE Ministry of Finance (“MoF”) has released a consultation paper (“draft”) to provide insight on CT

Insight UAE: Foundation and Family Succession

Unlock the expanding advantages of setting up a foundation in the UAE. Explore opportunities for your philanthropic ventures with us.

Insight RERA Project Extension Insights | Water & Shark

Navigate project extension compliance under RERA seamlessly. Ensure your real estate project remains in regulatory alignment.

Insight RERA Project Registration with Water & Shark

Grasp the pivotal implications of RERA project registration. Stay compliant and informed throughout your real estate ventures.

Insight Singapore Accounting Fundamentals

An Accounting Overview for Companies Incorporated in Singapore

Insight List of Compliance Under GST for September 2021

GST Compliances which should be taken care by Indian Businesses Under GST Law on or before 20th September

Insight Oman VAT Law Explained | Water & Shark Insights

OMAN gears up to introduce a VAT system aligned with the GCC VAT framework effective from April 2021 at a

Insight ESR Filling Requirements & Deadline

Stay updated on essential ESR filing requirements and deadlines. Comply with regulations and avoid potential penalties.

Insight Insights: UAE Economic Substance by Water & Shark

Ministry of Finance ,UAE has released Economic Substance Re-notification & Reporting Template

Insight COVID-19 UAE IMPACT AND RESPONSE

After the outbreak of Covid-19 in the Chinese city of Wuhan in late December it reached UAE within a mont

Insight COVID-19 UK IMPACT AND RESPONSE

The Virus whose origins have been linked to a “Wet market” in Wuhan, China has been declared as a Pandemi

Insight COVID-19 USA IMPACT AND RESPONSE

Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), a virus responsible for Coronavirus Disease

Blog 8 Successful Business Ideas in Dubai for Ladies

Are you planning to setup business as a woman? Check out the best business Ideas in Dubai for ladies that can help you grow. Click now.

Blog Eco-Friendly Startups Dubai: Promoting Sustainability

Discover creative eco-friendly startups Dubai that are paving the road towards sustainability. Discover how these businesses are creating a greener future.

Blog Opportunities For Tourism Business Dubai

Dubai is best for tourism. Check out the blog and learn about the best opportunities for tourism Dubai. Learn more.

Blog Top Sources for Startup Funding Dubai

Explore the top sources of startup funding Dubai offers and make informed decisions for your entrepreneurial investment opportunities.

Blog Dubai Free Zones: Advantages for Business Setup

Understand the unique benefits of business set up in Dubai Free Zones. From tax breaks to simplified regulations, take advantage of a strategic position.

Blog Franchise Opportunities in Dubai

Explore the diverse franchise opportunities Dubai offers and learn how to set up your business in this dynamic city.

Blog Trends in Business Set Up Dubai 2024

As we enter 2024, we explore how its advanced infrastructure and dynamic trends in business set up Dubai are attracting global investors and entrepreneurs.

Blog NAVIGATING SCHEDULE K-1: ESSENTIAL GUIDELINES FOR US PASS THROUGH ENTITIES

Unlock the complexities of Schedule K-1 for partnerships, S corporations, trusts, and estates. Expert guidance for precise preparation and compliance.

Blog Form 1120: Understanding U S Corporation Income Tax Return

Form 1120 is one of the federal tax return documents that play a critical role in the corporate taxation in the USA. In this blog, we will explore the key concepts revolving around it

Blog Everything you need to know about ESG

Discover the need for and importance of ESG Framework in today’s business world.

Blog 3 Key Steps In Business Set Up Dubai

We offer business owners a thorough road map to do a business set up Dubai, covering everything from managing regulatory obligations to strategic planning.

Blog FORM 1040: A COMPREHENSIVE GUIDE TO FILE ANNUAL INCOME TAX RETURN IN USA

The annual ritual of tax filing in the USA can be an intimidating task whether you are a seasoned taxpayer or a fresh taxpayer.

Blog Can an Indian Citizen Do Company Set Up Dubai?

Look into the options available to Indian citizens looking to launch a business in Dubai. Follow the procedures to do a company set up Dubai.

Blog Which Country Indians Can Start Business Easily?

Discover the ideal country for business for Indian entrepreneurs to start a business. Explore the factors that make Dubai a standout choice.

Blog How to Trade in Dubai, UAE

Discover the fundamentals of How to trade in Dubai with proper tips and insights. Click to learn more.

Blog What is the Real Estate License Dubai Cost?

Thinking about launching a real estate brokerage in Dubai? Dive into our comprehensive guide for real estate license Dubai cost.

Blog Understand Why Doing Business in Dubai is Beneficial

Unlock business in Dubai with strategic advantages, tax benefits, and a thriving environment. Start your journey to success today.

Blog FORM 1065: Return of Partnership Income

Discover Form 1065 expertise for seamless partnership tax compliance. Get expert guidance on schedules, deadlines, and accurate reporting at Water and Shark.

Blog Why Should You Start Business in Dubai as a Foreigner?

Discover the reasons to start business in Dubai as a foreigner: low taxes, ease of business, strategic location, and government support.

Blog Which is the Best Country to Start Business in the World?

Discover the best country to start business. Explore ideal business climates, tax benefits, and opportunities for entrepreneurs worldwide.

Blog Your Guide to Company Formation in Qatar

Explore seamless company formation in Qatar. Learn the visa application process, requirements, and benefits for smooth entry into the thriving business landscape.

Blog Financial Planning After Company Set Up Dubai

Create the financial planning once your company set up Dubai is done with expert guidance on tax optimization, investment strategies, and regulatory compliance.

Blog The Importance of Networking for Business Set up Dubai

Elevate your business set up Dubai with networking. Connect with industry leaders, clients, and opportunities for unparalleled growth. Start networking today!

Blog How to Start an Ecommerce Business in USA

Learn how to start an ecommerce business in USA from India targeting B2B and B2C segments while minimizing setup costs.

Blog Trade License in Dubai: Types, Benefits & Application

Explore everything about a trading license in Dubai. Learn step-by-step how to navigate the application and renewal process.

Blog 11 Online Company Set Up Dubai Ideas

Check out the list of best online company set upideas that you can opt for and earn money. Click to learn more.

Blog How to Start a Business in USA from India: Visa Guide

Learn how to start a business in USA from India with visa, including the necessary steps, from filing a petition to attending a visa interview.

Blog CBDT’s New Amendments to the rule 10TA and rule 10TD of the Safe Harbour Rules

The Central Board of Direct Taxes (CBDT) vide Notification1 dated 19 December 2023 has sought to amend the Safe Harbour rules

Blog Saudi Arabia's Gold Rush: 30 Years of Tax Exemption Opens Door for Foreign HQs

Ditch the tax burden for 30 years! Learn about Saudi Arabia's incredible offer to foreign companies setting up regional headquarters there. Discover why it's the perfect gateway to ME

Blog Empowering Women To Do Business Set Up Dubai

Discover how a business set up Dubai for a woman is like breaking barriers and reaching the top level of wealth and prosperity.

Blog Exploring Lucrative Business Opportunities in Dubai

Unlock various profitable ventures by exploring Lucrative Business Opportunities in Dubai, the heart of UAE.

Blog Real Estate Business in Dubai: A Golden Opportunity

Discover the lucrative opportunities in the real estate business in Dubai. Learn about the investor-friendly policies and the steady growth of the market.

Blog How Much Does it Cost for Company Registration

Learn how much does it cost for company registration in Dubai. Water And Shark is here to help you make the registration easier for you.

Blog How To Start Business In Dubai- Why Choose UAE for Business?

Learn the essential steps and insights on how to start business in Dubai with our comprehensive guide. Your path to success begins here!

Blog Unlocking Dubai Business Visa: Your Ultimate Guide

Explore our detailed guide to Dubai business VISAs & setup. Contact us for expert help on company registration in Dubai.

Blog Business Laws and Regulations Dubai, UAE

Unlock the secrets of business laws and regulations Dubai. From setting up your business to protecting your intellectual property and getting guidance.

Blog The Licenses Required For Starting A Business In Dubai

Starting a business in Dubai is easy! Must Read this blog about Dubai trade licenses and how to set up shop, whether in legal or management consulting.

Blog How to Open a Business Bank Account in Dubai

Use our guide to learn how to open a business bank account in Dubai. Learn the precise steps and documentation needs for a seamless account setup.

Blog Rule 11 UA(2) of Income Tax Act - Valuation of Unquoted Shares

Rule 11 UA(2) of Income Tax Act - Valuation of Unquoted Shares - Understand the taxation legalities behind Angel Investments in the Startups.

Blog Penalties For Contravention of The Digital Personal Data Protection Act, 2023

Penalties associated with the contravention of the Digital Personal Data Protection Act, 2023 (DPDP Act) by the Government of India.

Blog Trademark Registration in India: All You Need To Know

A "trademark" is a visually representable sign that distinguishes the goods or services of one person from those of others. Water and Shark will help you register your trademark.

Blog Self-Managed Superannuation Funds (SMSF) in Australia

A Self-Managed Super Fund (SMSF) is a type of retirement savings vehicle in Australia that allows individuals to have more control over their superannuation investments.

Blog Safeguarding Privacy: An Overview of UAE Data Protection Laws

Understanding the legal framework governing data protection is crucial, especially for businesses and individuals operating in the United Arab Emirates (UAE).

Blog How to set up a Representative Office (RO) in Singapore

A Representative Office (RO) is an ideal vehicle to assess the business opportunities in Singapore prior to making any long term or large-scale commitment.

Blog Convertible Instruments in Singapore – An Overview

Singapore's thriving business ecosystem has made it an attractive destination for both startups and established companies looking to raise capital.

Blog Managing Cross-Border Employees: Legal Considerations and Best Practices

Managing the hiring and employment of cross-border personnel can present intricate challenges due to the ever-evolving landscape of labor legislation.

Blog Empowering Employees: Impact of Data Protection Laws in India

In today's fast-paced world of technology and information, it's crucial to understand the rights of people whose data is being used by employers in India.

Blog How to Incoporate a Company in the USA – A foreigner’s guide

USA is a prime destination for business visionaries, reaffirming its reputation as a land of opportunity where entrepreneurial aspirations can be transformed into tangible success.

Blog Types of Business Entities in the USA: A Comprehensive Guide

The United States of America, often referred to as the land of opportunity, offers a diverse range of business entities for entrepreneurs and investors to choose from.

Blog What are Dark Patterns and how are they governed?

Dark Patterns are deceptive or manipulative techniques used by e-commerce businesses or organizations to gain an unfair advantage over consumers and mislead them into.

Blog Assessing the Benefits of a Delaware Holding Company Structure

We'll dive into the five key advantages of choosing Delaware as your holding company's home base, approaching each with an analytical perspective.

Blog Types of Legal Entities in Singapore

In this comprehensive exploration of business entities within Singapore, we'll delve into the multifaceted opportunities that this thriving metropolis has to offer.

Blog Foreigner's Guide to Setting up their business in Singapore

Foreigner's Guide to Setting up their business in Singapore

Blog 5 Essential Clauses in an Investment Agreement for your Startup

5 Essential Clauses in an Investment Agreement for your Startup

Blog India’s DPDP Bill 2022-A significant milestone in Data Protection and Privacy

The Union cabinet has given the green light to India's much needed DPDP Bill, marking a significant step towards safeguarding our privacy and data security

Blog Playing songs at weddings, does it constitute as copyrights infringement?

Does playing songs at weddings attract royalties, and is it an infringement of copyrights, and are people or industries such as event-planners or hotels supposed to pay royalty.

Blog UAE Unemployment Insurance Scheme

The Scheme is a social insurance program that provides a safety net for workers who lose their jobs due to economic downturns or company restructuring. It provides a temporary income to workers who are unable to find employment and helps them get back on their feet until they are able to find a new job.

Blog Economic Substance Regulation (ESR) Reporting – Due Date Reminder

Economic Substance Regulation (ESR) imposes a requirement for UAE entities that carry out and earn income from any of the Relevant Activities to maintain economic substance in the UAE

Blog Foreign Portfolio Investments

A major factor that influences FPIs to route their investments through the foreign portfolio investment route is attractive growth rate it offers. Emerging economies which show the ab

Blog How to Set up a Company in Dubai Freezone (IFZA)

IFZA is a government backed authority that helps and assists individuals and corporates to set up their presence in one of the world’s most sought-after Business destination- Dubai

Blog General Data Protection Regulation (GDPR)

A key objective of this Regulation is to protect the fundamental rights and freedoms of natural persons and in particular their right to the protection of personal data.

Blog Key changes under new UAE Labour Law

The new law has been implemented over four decades after the advent of the previous law. Therefore, it has brought about major changes in the previous law.

Blog UAE Labour Law- Recent Changes

The year 2022 is historic for UAE. It has completed 50 years of its foundation. Another event that makes this year special is the introduction of Federal Decree Law No.33 of 2021

Blog OFFSHORE COMPANY FORMATION IN UAE

With great experience of setting up offshore companies in UAE, Water and Shark will assist you in all procedures from start to end for opening a foreign company UAE.

Blog Company Formation in Qatar

Qatar has many opportunities for investment mainly due to growing economy and modernization. It boasts one of the world’s freest economies and has relaxed foreign investment rules.

Blog VITAL CLAUSES OF SHAREHOLDERS’ AGREEMENT

A Shareholder’s Agreement outlines and regulates the relationship between a Company and its Shareholders. Though not mandatory, a Shareholders’ Agreement is extremely vital due to the