Business Services

Scams that can hurt your business and how to avoid them

Dubai is one of the biggest economic hubs in the world and many people travel to the city in order to try their luck. Most of them, rather the huge majority for them are young and talented people who have to come to work in the numerous offices that dot the city skyline. However, there are some bad sheep among the flock and there are some people who try to scam others. The authorities are very strict on them and they are routinely caught and dealt with, but sometimes they have already scammed someone by the time they are caught. So here are the top tips that will make sure that you are not being scammed when you are running a business in Dubai.

Keep track of your expenses to spot embezzlers

The first thing that you should do is to make sure that you are not compromised in the offline world through pilfering etc. Embezzlement is a crime the world over and this is taken quite seriously in Dubai. Therefore, the first thing that you should make sure is that no one who sold you anything compromised you, or no one who is working for you is taking away money from the business. This can be very difficult to find out in the day to day dealings that most businesses have. So to do this you must first hire someone from the elite bookkeeping services in UAE. These people have been trained to keep an eye out for anything out of the ordinary in the books that they are going to check. So they will be able to tell you quite quickly where you’re bleeding money in your business.

Do not fall for bribery scams

The second thing that you should do is to find out if you have been scammed by the fake tax scam. This is the scam when people will call you and they will offer a tax deduction in exchange for a bribe. Now many business owners will be unable to keep back from such an offer, but when you have wired the money, the person will disappear. The only way to avoid this is to make sure that you are following the law. Just hire a good VAT tax consultant in Dubai, and he will be able to calculate how much you are owed, and then you should pay this immediately.