Keep you updated on all legislative changes in accounting and taxation in the UAE
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Process any amount of primary documentation
Provide accounting services remotely, on-site, or on a project basis
Take on the setup of management accounting systems, legal support, and communication with tax authorities
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Why Choose Us?
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Simple and Secure Accounting
Clients receive personalized access to a secure server for document storage, eliminating the need for repeated email exchanges and reducing confidentiality risks
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We recognize that every business is unique. Our team includes Russian-speaking, English-speaking, and Arabic-speaking professionals who will study your needs and expectations in detail to deliver the best solutions
Tailored Approach
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Outsourcing to professionals is significantly more cost-effective than maintaining an in-house accounting team. It also allows for combining multiple projects and tasks into one streamlined process
Cost Efficiency
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Prime Consulting offers comprehensive support and keeps you informed about all legislative changes related to accounting and taxation in the UAE. Our expertise combines vast experience in accounting with in-depth knowledge of current regulatory requirements
Expertise and Experience
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We prepare reports that comply with UAE laws while also providing clear financial insights, including profit and loss analysis, necessary for informed decision-making. Reports can include trend analysis for sales and financial performance, helping clients understand their business's financial health
Clear and Accessible Reporting
Submit a Request for a Consultation
You can receive a free consultation on matters related to company setup or relocation
Project Launch Stages
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We analyze your business's accounting and tax requirements and discuss all details
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Sign a contract outlining our services
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Provide documents according to a checklist
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Begin providing accounting services tailored to your business needs
Reviews
True Professionals
The team are real professionals who truly know their craft. Regardless of how busy they are, they always make time for you and provide consultations on any questions related to company setup in the UAE. Highly recommended
Alexander Naumenko
Made Our Dream Come True
We had dreamed of moving to Dubai for a long time. However, our hands were tied by the family business, and dealing with all the complexities of relocation on our own was challenging. Thankfully, the team of professionals helped us make our long-held dream a reality. Thank you!
Our relocation to Dubai was seamless and smooth, all thanks to this professional team! Everything was organized promptly and with great attention to detail.
Alina S.
Frequently Asked Questions
The main requirements for accounting in the UAE include:
IFRS Compliance: Companies must adhere to International Financial Reporting Standards.
Registration: All businesses must be registered with the relevant government authorities.
Documentation: Maintaining records of all financial transactions and preserving the corresponding documents.
Reporting: Submitting financial reports, including balance sheets and profit and loss statements, as per regulatory requirements.
Tax Obligations: Compliance with tax requirements, including VAT and corporate taxes.
Auditing: Companies are required to undergo annual audits of their financial statements.
Meeting these requirements is essential for successful business operations in the country.
Failure to meet accounting requirements in the UAE can lead to the following consequences:
Fines and Penalties: Companies may face financial penalties for non-compliance or lack of required reporting.
Audits and Inspections: Regulatory authorities may conduct additional audits, leading to extra costs and time expenditures.
Licensing Issues: Non-compliance may result in the suspension or cancellation of business licenses.
Criminal Liability: Severe violations may lead to legal action against business owners or directors.
Reputation Damage: Non-compliance can harm the company’s reputation, affecting trust from clients and partners.
Adhering to accounting regulations is critical for stable and successful business operations in the UAE.
External audits in the UAE can only be performed by licensed audit firms registered with the Ministry of Economy or the relevant authorities.
External audits in the UAE are generally conducted annually. However, the frequency may vary depending on the type of company and regulatory requirements.
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