A foreign investor can establish a business presence in either The United Arab Emirates (UAE) mainland or The United Arab Emirates (UAE) free trade zone. The Federal Law provides for seven categories of business organization: Limited Liability Companies, branches, partnerships, Joint Venture Companies, public shareholding companies, private shareholding companies and share Partnership Companies. However, owing to certain restrictions, the choices commonly adopted by foreign companies are generally limited to a limited liability company (‘LLC’) or a branch. A branch is an extension of the foreign parent company. A representative office is broadly similar to a branch, except that a representative office is only permitted to promote its parent company’s activities and is not permitted to undertake any income-earning activities.

The new United Arab Emirates (UAE) corporate tax effects the tax year beginning June 1, 2023, and so most companies will have to start setting aside money to pay their taxes from that date. Businesses whose tax year begins in January will not have to start paying tax on revenues generated before 1 January 2024. Under The United Arab Emirates (UAE) Corporate Tax law, a return has to be filed electronically for each financial period within 9 months from the end of the financial year. The United Arab Emirates (UAE)’s 2023 corporate tax will be a 9% tax on the profits (revenue minus expenses) of all businesses that generate over 375,000 AED (about USD $100,000). Businesses that generate less than this sum of money will continue to pay a 0% tax rate, Corporate Tax will apply to both resident and non-resident persons.

We help our clients to apply the correct VAT treatment to sale and purchase transactions, to be aware of the specific issues related to the individual industry, to track VAT on inter-company transactions, to track and manage cross-border activities, and to recognize which supplies are zero-rated and exempt. VAT registration is mandatory for taxable persons who are residents of The United Arab Emirates (UAE) that make taxable supplies exceeding AED 375,000 over the previous 12-month period or that are expected to exceed AED 375,000 within the next 30 days. A supplier that solely makes zero-rated supplies may submit an application for an exemption from mandatory registration. A resident business may voluntarily register for VAT if its taxable supplies (or expenses) exceed or are expected to exceed the voluntary registration threshold of AED 187,500. VAT returns must be filed online via the FTA’s e-Services portal by the 28th day (or the next working day if the 28th day falls on a weekend or national holiday) of the month following the end of the reporting period.

Our experienced professionals identify the opportunities that build and protect your wealth. Our core values such as honesty and integrity play an important role in providing sound investment and wealth management for you. Invest in a smart diversified portfolio designed specifically to meet your needs. We are offering financial planning and wealth management advice as experts. Our service appeals to both expatriates and the general investment community. The United Arab Emirates (UAE) provides numerous incentives to investors and promotes entrepreneurship. It implements incentives to attract FDI. Incentives include the opportunity for investors of different nationalities to establish and own companies fully. We have the expertise, resources and knowledge to ensure that investors and businesses have a smooth journey to success.

Accounting plays a vital role in running every business successfully. Being a commercial hub, The United Arab Emirates (UAE) hosts a large number of businesses and they all need to maintain the book of accounts and track financial transactions. Accounting outsourcing in The United Arab Emirates (UAE) is the best practice adopted to keep the books of accounts accurate and error-free. We offer accounting outsourcing services in The United Arab Emirates (UAE) to help you to identify the financial indicators and performance promptly, enabling you to make the right decisions in your business at the right time. By choosing us as your bookkeeping partner in The United Arab Emirates (UAE), you avail professional accounting services delivered with the utmost confidentiality and security in the shortest turnaround.

BPO services or Business Process Outsourcing refers to outsourcing of business activities that are part of an organization’s non-core activities. By outsourcing, organizations can focus their attention in developing and fostering their core business processes. By outsourcing business processes that are mundane and time consuming to Accfintax, you can invest your time, resources, and efforts in carrying out business processes efficiently. We can help with both back-office outsourcing comprising of internal business activities such as human resources, finance, or accounting, and front office outsourcing such as customer-related services.

The United Arab Emirates (UAE) is renowned for its sophisticated and effective banking sector which offers favorable business operating conditions and contributes to its economic expansion. Company bank account in Dubai process is an easy task if you know the right documentation and requirements of the banks. During the time of company account in Dubai the bankers may ask further questions or supporting documents to open the bank account. So, it’s very critical to respond in this information by the applicants. We can guide you on requirements, prior to starting the bank account opening in Dubai and it makes easy documentation process to the applicants. We understand all your critical matrices like financial goals, performance standards, risks, rules, regulations, etc. We are highly committed to offering solutions to enhance your business compliance and help our customers more effectively.

• Implementation of accounting software and ERP  Registered partner with Odoo
• System architecture
• System functionality checks
• System testing