Expert Tax & Accounting Solutions for Dubai Businesses

Yes. Effective from financial years starting on or after June 1, 2023, the UAE introduced a federal Corporate Tax. A standard rate of 9% applies to taxable business profits exceeding AED 375,000. Profits below this threshold are subject to a 0% tax rate to support small businesses and startups.

A business must register for VAT if its taxable supplies and imports exceed AED 375,000 in the previous 12 months or are expected to exceed this threshold in the next 30 days. Voluntary registration is available for businesses with supplies/expenses exceeding AED 187,500.

Bookkeeping is the daily process of recording financial transactions, managing invoices, and reconciling bank accounts. Auditing, on the other hand, is an independent examination of these financial records by a licensed external auditor to verify their accuracy and ensure compliance with IFRS and UAE laws.

An ICV certificate measures your business's contribution to the local UAE economy. It gives you a significant competitive advantage when bidding for government and semi-government tenders (e.g., ADNOC, Aldar, government departments), directly boosting your chances of winning contracts.

Outsourcing saves you the cost of full-time salaries, visas, software licenses, and office space. More importantly, it gives you access to a complete team of qualified tax consultants and accountants who stay updated on changing UAE tax laws, reducing compliance risks and penalties.