Accounting
If you’re setting up your business in Dubai or the UAE, it’s crucial you get the right accounting services in place. Startup DXB’s end-to-end dedicated support service covers all startup and ongoing business activity. Our accounting and tax team can deal with all your financial needs, from bank reconciliation to invoicing, all financial reporting and tax returns.
Accounting Services
Our team are experienced in all aspects of finance. As well as looking after your accounting needs, we can run your payroll ensuring your employees are paid securely and on time. Our accounting services include:
- Invoicing
- Bookkeeping
- Monthly accounts
- Annual accounts
- Payroll
Audit
If your company undergoes an audit, our team of accountants can guide you through the process and make sure your accounting system and records are compliant. We can also carry out management and internal audits at your request. Then, we will advise you on what corrective action to take and confirm your compliance once the actions are completed.
Tax
It’s essential that you adhere to the UAE’s tax regulations if your business is based here. Our team of accounting services experts have in-depth knowledge of taxation legislation, including VAT and filing tax returns. We can also customise our service to the needs of your business.
Frequently Asked Questions
Do you pay VAT in the UAE?
The UAE introduced VAT in January 2018. The rate of VAT is 5%, and it is payable by all tax-registered business in Freezones and on the Mainland. Some Freezones are treated as being outside the UAE for tax purposes. These are known as ‘designated zones’.
Can you help me with debt collection if my customers don't pay?
Collecting debt in the UAE can be a lengthy and complicated process. Unlike other countries, debt is treated as a criminal matter, not a civil one. Remedies for non-payment of debt include fines and imprisonment. Our team of accounting experts can give you advice on navigating the complex regulations for debt collection.
Are you interested in learning more?
We would be happy to speak to you about any of the services we offer and how to get your business setup in Dubai. Contact us now and let’s get your Dubai business journey underway.