Although the United Arab Emirates' tax system is traditionally considered one of the most favorable, maintaining bookkeeping records, preparing financial statements, and undergoing audit procedures are mandatory requirements for most companies registered in the UAE, including those operating in free economic zones.
With the introduction of Corporate Tax and the application of VAT, financial accounting, bookkeeping, and audit requirements in the UAE have become more structured and formalized. Proper bookkeeping today is not a key element of compliance and the company’s sustainable operation.
Accounting and financial reporting in the UAE
Preparation of financial statements requires professional expertise, practical experience, and an understanding of local legislation. Financial reporting for UAE companies must be prepared in accordance with established accounting requirements and International Financial Reporting Standards (IFRS).
For most onshore and free zone companies, the following are mandatory:
- maintaining bookkeeping records;
- preparation of annual financial statements;
- undergoing an annual audit (depending on the requirements of the specific jurisdiction and license);
- compliance with corporate tax and VAT requirements (where applicable).
Our accounting and audit services
Our company provides accounting, bookkeeping, and audit services to companies registered in Dubai, Sharjah, Ras Al Khaimah, and other emirates in the UAE.
We offer both one-off and comprehensive services, including:
- review of primary accounting documentation;
- analysis of the existing financial accounting system;
- development and implementation of an optimal model in line with UAE legal requirements;
- assistance with the preparation of invoices and supporting financial documentation;
- monthly bookkeeping services;
- preparation of annual financial statements and balance sheets;
- preparation of documentation for mandatory audits;
- organization and support of annual audits;
- consulting on corporate tax (Corporate Tax);
- VAT support, including accounting and reporting;
- assistance with documentation related to employee hiring and payroll calculations;
- obtaining tax residency certificates for companies from the UAE Ministry of Finance;
- consulting on accounting and financial compliance matters.
Accounting outsourcing in the UAE
Instead of maintaining an in-house accountant in the UAE, many companies choose to outsource accounting, bookkeeping, and audit services. This allows them to:
- reduce operating costs;
- gain access to a team of specialists with relevant experience;
- ensure uninterrupted bookkeeping and timely audit reporting.
A dedicated accountant is assigned to your company, responsible for bookkeeping, monitoring, reporting deadlines, and promptly addressing arising questions.
Professional approach and standards
Our accounting, bookkeeping, and audit specialists possess the necessary professional qualifications and practical experience working with various types of companies – from small structures to international groups.
All services are delivered using modern software solutions and in compliance with International Financial Reporting Standards and current UAE regulatory requirements.
Flexible scope of services
The scope and format of accounting, bookkeeping, and audit services are selected on an individual basis. We offer services ranging:
- from targeted consultations and one-off audit tasks;
- to full accounting, bookkeeping, and audit services for companies, including financial reporting, statutory audit, tax reporting, and document management.
