Just a few years ago, there were practically no strict accounting requirements in the UAE. However, the local economy was growing, and more companies were emerging, each with its own approach and accounting solutions. Differences in the systems and reporting methods used inevitably required regulators to devote even more effort to control the market, leading to the need to formalize the process.
Today, accounting in the United Arab Emirates (UAE) is clearly described and regulated. The country has its internal accounting standards, which are determined following federal laws, international standards (IFRS), and various rules for different types of companies:
- International Financial Reporting Standards (IFRS).
- UAE Tax Law (Federal Law-Decree No. 32 of 2021 "On Commercial Companies").
- UAE VAT Law (Federal Decree Law No. 8 of 2017 – governs accounting for VAT).
- Economic Substance Regulation (ESR).
- Anti-Money Laundering Regulation (AML).
- Other local rules and regulations in free zones (in some cases).
Specialists of Alliance Business Advisors will help you organize correct and effective accounting and tax reporting. We will ensure the timely submission of all necessary financial documents, guarantee accuracy and compliance with requirements, and maintain reliability with tax authorities. Alliance Business Advisors will provide you with an accounting basis for the development of your business, ensuring that all statutory requirements are met.
Alliance Business Advisors Services
Our team comprises specialists who have advised businesses in the United Arab Emirates for years. We help top managers, business owners, and private entrepreneurs solve their administrative, tax, and accounting problems. Alliance Business Advisors offers you full accounting support, tax consulting, audit, financial planning, and strategic management services. Our company works with businesses registered in both free economic zones and the main territory of all seven Emirates. Our services include:
- Accounting and tax consultations;
- Professional support in all business processes;
- Crisis management and administration in the company;
- Registration of a new business;
- Obtaining (and renewing) licenses;
- Opening visas;
- Opening bank accounts.
Our deep understanding of the UAE market and legal framework allows us to communicate effectively with all regulatory bodies, banks, and other organizations.
Here are the benefits your business will receive by ordering our accounting services:
- Tax optimization – individual solutions that can be applied throughout the country.
- Various tax strategies – solutions that take into account best international practices and local specifics.
- Information support – timely notification of legislative changes.
- Access to experts 24/7 – comprehensive consulting and assistance in difficult situations.
- Improving business efficiency – audit, financial analysis, international tax planning.
We monitor all trends in the accounting and consulting services market; in particular, all the best practices used by industry leaders – the Big Four companies.
Our specialists
We have assembled a team of qualified experts, which consists of:
- Tax consultants;
- VAT specialists;
- Accounting consultants;
- Income tax planning experts;
- Virtual tax consultants.
Our partners are registered tax agents in Dubai. We provide services in Dubai, Abu Dhabi, Ras al-Khaimah, and other regions of the UAE.
Why choose Alliance Business Advisors?
We will provide you with all the necessary professional support, personalized service, and solutions tailored to your business. Our extensive experience and deep knowledge of the regional accounting industry enable us to deliver the best accounting and auditing services for you.
Frequently Asked Questions
Who provides comprehensive professional services, including tax advice?
Specialized consulting firms, such as Alliance Business Advisors, provide a full range of accounting and tax services. Our experts help to bring your business processes into full compliance with local tax laws, reducing risks and using various (legal) opportunities to optimize taxation.
What is the difference in the work of an auditor, an accountant, and a tax consultant?
The difference between these specialists lies in their goals and objectives:
- An auditor conducts a comprehensive audit of financial statements.
- An accountant conducts financial transactions and prepares financial statements and documents.
- A tax consultant develops tax planning strategies and helps a company reduce its tax burden.
What are the Big Four in accounting? How does Alliance Business Advisors compare favorably to them?
The Big Four are the four largest international audit firms: Deloitte, PwC, EY, and KPMG. They work primarily with large businesses and international corporations. In contrast, Alliance Business Advisors focuses on small and medium-sized businesses. We offer a more flexible approach and competitive prices, while guaranteeing the high quality of our services.
What additional services does an outsourced accountant provide?
In addition to tax consulting, a certified accountant can provide financial analysis, reporting, management accounting, budgeting, and business planning services.
Where to get tax consulting services in the UAE?
If you need professional tax consulting services in the UAE, please contact Alliance Business Advisors. Our consultants will help you with tax planning, cost optimization, and tax compliance with local legislation.
What does a business consulting company do?
A business consulting firm is an organization that provides expert management, financial, accounting, and tax services. Such a firm helps its clients optimize business processes, reduce costs, and improve efficiency.
