Bookkeeping is the process of recording all your business transactions to produce a set of accounting records. Bookkeeping allows you to produce useful accounting information about your sales, expenses, assets, liabilities and equity.
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Value Added Tax (or VAT) is an indirect tax. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), VAT is charged at each step of the “supply chain”. Ultimate consumers generally bear the VAT cost while businesses act as a tax collector on behalf of the government.
A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers.
To comply with UAE VAT Law, we assist regarding the procedural formalities and advice about various tax related work viz. VAT registrations, VAT return filing, VAT Tax refund, Voluntary Disclosure of Tax Returns, Tax Audits representations etc.
Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory and to make sure that all documented system of recording transactions are in line.
Federal Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations mandate following businesses to comply the regulations
• Auditing & bookkeeping service provider
• Auditors
• Dealers in precious metal & stones
We assist such to prepare a AML policies for the company and help them to be in compliant further we also assist in filing the DPMSR reporting on weekly basis to dealer in precious metal & stones.
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As per Cabinet decision no. 57 of 2020 on Economic Substance Regulation business having following relevant activities has to file the notification & economic substance reporting.
• Banking Business
• Insurance Business
• Investment Fund management Business
• Lease - Finance Business
• Headquarters Business
• Shipping Business
• Holding Company Business
• Intellectual property Business (“IP")
• Distribution and Service Centre Business
We assist UAE entities to file the notification & reports to Federal tax Authority about occurrence of relevant activity & assist to maintain the economic substance test at every year end.
As company service provider we understand the need of a client and suggest the best freezone or mainland to open a company. We also take care of various legal compliances required in order to start the business & man power appointments.
Business Support Services are provided in relation to take care of whole backend compliances so that you can focus & grow your business. It also includes facilitating a trade, liaison with potential business partner.
The UAE has witnessed significant tax reforms in previous few years with a vision to create a taxsystem with international best practises. The Federal Decree-Law No. 47 of 2022 on the Taxationof Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”) waspublished in the Official Gazette on 3rd October 2022 & issued by the United Arab Emirates (“UAE”),on 09 December 2022. The Corporate Tax Law provides the legislative basis for the introductionand implementation of a Federal Corporate Tax (“Corporate Tax”) in the UAE and is effective for financial years starting on or after 1st June 2023.
we can assess your position and guide you as to what actions are required to make sure you are ready to comply with CT once it becomes effective.
• CT Impact Assessment
• CT Implementation
• CT Registration
• CT Return Filing
We act as Public Relationship Officer (PRO) to liaisonbetween a company and the government by carrying out all the necessary paperwork, making it easier for a client to conduct business without any legal concerns or government intervention.
• Various Visa Application / Cancellation / Amendment
• Legal Translations
• Attestation & MOFA
• Renewal Services
Liquidation service includes closure of business registration with the free zone/mainland along with providing all the required documentation. The service also includes liaising with various authorities to get the necessary approvals.
• Filing of Liquidation Application
• Acquiring Necessary Approval/NOC
• Ensuring Proper Closure of Accounts
• Arranging Liquidation Report
• Arranging Liquidation Certificate
Due diligence is a process or effort to collect and analyze information before making a decision or conducting a transaction. We conduct this process in a very systematic way to mitigate risk from a business or investment decision.
• Transaction advisory & facilitation
• Valuation & pricing
• Examine long and short term risks
• Compliance & background review
• Legal liability & damage assessment
