Center of expertise of the Emirates legislation

Accounting services in Dubai

We help companies save on taxes, penalties, time, and staff costs. Expert knowledge of accounting standards, in-depth tax expertise, legal support and financial management: all the necessary tax and financial accounting in one place.

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Accounting services in Dubai
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All services for business

Accounting

Financial statements

Document handling

Corporate tax

VAT

Payroll calculation

Personnel support

Tax consulting

Treasury

Internal audit

Business plans

Creation of accounting processes

OUR APPROACH

01
We provide financial responsibility

We provide financial responsibility

02
You can always ask our experts for advice

You can always ask our experts for advice

03
We form a historical archive of documents and database

We form a historical archive of documents and database

04
We strongly stick to the deadlines

We strongly stick to the deadlines

Our advantages

Convenient communication
Convenient communication

Always in touch via any means: mail, phone, messenger. Our manager is a single window for all communications.

IT solutions
IT solutions

We automate processes to replace the routine. We provide expensive IT solutions for free.

Money saving
Money saving

Not one employee but a whole team of expert works on your case. Cheaper than a full-time employee, more reliable than a temporary employee.

Internal controls
Internal controls

We're always on schedule due to automatic control environment. We maintain the continuity of the business processes.

UAE legislation
UAE legislation

Being the center of expertise of the UAE legislation, we know how to avoid related risks. We will always offer a solution thanks to expertise and a wide partner network.

Accounting support

Service Costs

LITE

734 AED
/ per month
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Includes :

  • Reflection of all transactions transactions in accounting program
  • Checking accounting documents for compliance with UAE legislation
  • Bank reconciliation
  • Electronic document archive
  • Expert consultations
  • Personal manager
  • Preparation of the annual report
  • PRO-services: control over the need to update visas, work permits, licenses, rentals, etc.

LITE OPTIMAL

1835 AED
/ per month
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Includes :

  • Everything in the LITE tariff and additionally:
  • Preparation of VAT return
  • Management reporting, including Balance Sheet, Profit and Loss, Cash Flow
  • Payroll, HRP services
  • Preparation of payment orders, including payment of wages
  • Legal review of contracts
  • PRO-services: control over the need to update visas, work permits, licenses, rentals, etc.

PRO

2600 AED
/ per month
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Includes :

  • Everything in the Lite Optimal tariff and:
  • Nomenclature accounting of goods
  • Receiving and sending of documents
  • Reports on receivables and payables
  • Information about account balances, income and expenses
  • Interaction with regulatory authorities
  • Communications with banks
  • Preparation of contracts
  • PRO-services: control over the need to update visas, work permits, licenses, rentals, etc.

Hassle-Free Accounting

Vision Prime

We offer a wide range of accounting services in Dubai in accordance with UAE legislation and client needs. We guarantee expertise, legal support, tax and accounting services in the UAE.

List of services provided by the company:

  • Consultations on accounting in the UAE;
  • Selection and setup of accounting systems;
  • Preparation of various types of reporting;
  • Comprehensive accounting services;
  • Tax calculation, timely filing of tax returns;
  • Payroll calculation;
  • Processing and verification of primary documentation.

This is not an exhaustive list of accounting services in Dubai. It all depends on the direction and specifics of your business. Our employees will analyze it and provide you with the most advantageous offer.

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FAQ

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Who is eligible to conduct external audits in the UAE? Are there any qualifications requirements?

In the United Arab Emirates, external auditors are subject to a number of requirements. The main one is inclusion in the list compiled and approved by the free economic zone in which the company is registered. If this condition is not met, the report will not be accepted.

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What is the frequency of external audits in the UAE?

In most cases, audits are conducted once a year. It covers one reporting period.

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What will happen if a company in the UAE fails to comply with economic presence requirements?

This question is answered by Cabinet Resolution No. 57 of 2020. According to it, fines are imposed for ignoring requirements. For example, in the absence of an ESR report, an administrative fine of AED 20,000 must be paid.

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Is it mandatory to pay corporate income tax on all types of income in the UAE?

No, in the UAE, there are categories exempt from this tax:

  • Dividends, income received from companies registered in the UAE or conducting business there.
  • Dividends/income from participation in a foreign entity.
  • Certain types of income, such as capital gains, income/loss from currency operations, profit/loss related to asset depreciation, obtained from participation in a foreign entity.
  • Income from the work of branches or permanent representations abroad. There is an important condition here – the application of the "Foreign Permanent Establishments" tax exemption.

This also includes non-residents' income from the use or lease of aircraft/ships for international transportation.

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Is it necessary to keep accounting records in the UAE? If so, for how long and in what form?

The minimum retention period is 5 years from the end of the financial year. Reporting should include data on all transactions, assets, liabilities, income, expenses, etc. If the business is related to real estate, the reporting should be kept for at least 15 years. Additionally, electronic copies of all documents can be made.

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There are rumors that in some special zones of the UAE, there is no need for accounting. Is this true?

This is not true. Absolutely all business owners are required to keep, and then store for a certain period of time, all accounting-related documents. Failure to provide reports and refusal to provide documents to regulatory authorities can result in a fine of AED 10,000 to AED 50,000.