Dubai Accounting, Tax and Financial Audit Services
Although the United Arab Emirates was known as a "tax-free haven" for many years, it has recently transitioned to VAT (5%) and Corporate Tax (9%) implementations to comply with international transparency standards. As USS Dubai, with our expert staff fully knowledgeable in UAE Federal Tax Authority (FTA) legislation, we protect your company's financial health and keep you away from potential heavy penal sanctions. Whether you are a newly established startup or an established company; we manage all your financial processes from bookkeeping to annual auditing.
FTA Registration & Setup
We create your company's VAT and Corporate Tax registrations on the Federal Tax Authority (FTA) portal.
Monthly Bookkeeping
We regularly process your invoices and bank transactions and account for them according to international standards (IFRS).
Reporting & Auditing
We submit your tax returns at the end of periods and prepare annual audit reports required for license renewal.
Accounting and Bookkeeping
According to UAE Commercial Law, it is a legal obligation for every company, whether Free Zone or Mainland, to keep financial records and store them for 5 years.
- Our Service: Daily invoice entries, expense tracking, bank reconciliations, and payroll (WPS) management in accordance with International Financial Reporting Standards (IFRS).
- Why Necessary? Failure to keep regular books can lead to administrative fines starting from 10,000 AED in tax audits. You reduce this risk to zero by working with us.
VAT & Corporate Tax Management
Tax declarations are sensitive processes that do not accept errors. We manage your company's tax obligations most accurately.
- VAT (5%): Mandatory for companies with an annual turnover exceeding 375,000 AED. We create your VAT registration (TRN) and submit your quarterly returns (VAT Return) flawlessly.
- Corporate Tax (9%): As of June 2023, a 9% tax has been introduced for companies with an annual profit exceeding 375,000 AED. We register your company as a "Taxpayer" and make necessary notifications if you are within the scope of exemption (e.g., some Free Zone incomes).
Annual Report and Audit Services
Many Free Zones in Dubai (DMCC, DWC, JAFZA, etc.) request an Annual Audit Report during the license renewal process.
- Process: Your company's annual financial statements are examined by our licensed financial advisors, and an official audit report is prepared.
- Benefit: This report is critical not only for renewing the license but also for increasing the company's credibility with banks and ensuring investor confidence.
Financial Consulting
You need to read the language of numbers correctly for sustainable growth in the Dubai market.
- Scope: Cash flow management, profit/loss analysis, cost reduction strategies, and financial compliance consulting during bank account opening processes.
- Strategy: We determine the tax strategy most suitable for your company structure and optimize your tax burden within legal limits.
Company Liquidation & Transfer Services
Closing a company in Dubai is a more technical and procedural task than establishing one. "Just leaving it" can cause serious debt and legal problems (such as travel bans) in the future.
- Liquidation: We manage the appointment of a Liquidator, publishing notices in the newspaper, deregistering VAT and Customs records, and officially canceling the trade license.
- Share Transfer: We complete all legal and financial transactions before the notary and relevant authority (DED or Free Zone) in case of changes in company partnership structure or share transfers.
Visa Renewal Services
If your current visa is about to expire, we initiate the process in advance so you don't face penal sanctions.
- Service: Booking health screening appointment, renewing Emirates ID application, and extending the residence permit.
- Warning: A fine is applied for every day stayed in the country after the visa expires. Secure your schedule by working with us.