In order to operate within the UAE, it’s crucial for all legal entities to maintain impeccable financial records and stay informed about their assets and liabilities. Our experienced team that includes professional UAE accountants is well-versed in the requirements of the local law, cost-effective accounting services in UAE, as well as the best accounting practices in the UAE regarding local and international business.
We’re happy to provide personalized support that’s tailored to your business’s specific needs, including in form of outsourcing accounting services in UAE. Whether you require weekly, or monthly assistance, our UAE accounting experts are here to help ensure that your finances are accurate and up-to-date throughout the entire fiscal year.
Free Zone Company Accounting in UAE
If your company is registered within a UAE Free Zone, it has to to maintain accurate accounting records to effectively determine its financial status, assets, and liabilities.
Depending on the Free Zone, the financial accounts may be subject to mandatory audits and must be submitted to Free Zone competent authorities along with an auditor’s report. However, some Free Zones may not require audits at all.
It’s important to note that the company’s initial accounting period will start on the incorporation date and last no longer than 18 months. Subsequent accounting periods will last exactly 12 months from the previous period’s end-date.
To ensure compliance, the company’s financial statements must be approved by the Board of Directors. These statements must then be submitted to government bodies within 30 days.