Accounting and compliance
All companies in the UAE, including branches of foreign companies, are required to keep accounts and prepare financial statements. See below for a brief list of indicative compliance requirements that are common for the Mainland and all Free Zones (note that specific requirements differ in each Free Zone).
Currently we provide accounting services to over 40 UAE companies in different Free Zones and are conversant with the specific requirements that apply in such zones. Our team has extensive experience in both international and the UAE accounting and comprise both English and Arab speakers, who can be relied on when liaising with various authorities when doing business in the UAE
Key services
- Accounting and tax accounting
- Tax registration and deregistration
- Preparing tax accounting methodologies and the tax management of business processes
- Support in automation of accounting systems for corporate tax accounting purposes
- Registration in employee-related systems
- VAT and corporate tax reporting
Overview of our projects
- Tax and accounting compliance for a large international company engaged in the construction and supply of complex oil and gas equipment, including accounting and tax support for group companies in the Middle East, ESR compliance, assistance in complex methodological IFRS issues, VAT and profits tax arising from restructuring SPV agreements
- A full suite of compliance services for a large shipping group of companies in the Middle East, including analysing the tax implications of business restructuring, from Turkey to the Middle East, and further full compliance after restructuring (accounting, VAT, profits tax, ESR, TP)
- Assistance in setting up a tax and accounting function in a newly established group of companies in a real estate business in the Middle East and further compliance work, including accounting, VAT, corporate tax, transfer pricing, and management accounting
- Accounting restoration for a large Middle East trader, including analysing documents for the past two years, restoring accounting entries and lost documents, and preparing initial financial statements and audit support
- Compliance project for an unincorporated partnership in the oil and gas. sector, including preparing TP documentation and policies and tax support, including analysing tax consequences for VAT and corporate tax
- Transformation from local standards (in particular, French GAAP, Russian GAAP) to IFRS for a large technical engineering group of companies after their redomiciliation to the UAE
