Accounting Services in UAE
Companies incorporated in onshore jurisdictions will generally have to prepare and file annual accounts. Often these accounts must also be audited. In most offshore jurisdictions it is now an offence for companies to fail to keep financial records sufficient to show and explain the company’s transactions and determine with reasonable accuracy the financial position of the Company.
Sovereign Dubai’s In-house qualified and experienced chartered accountants will provide you with complete accounting services tailored as per your need at a very competitive rate. Below are the services we can provide:
Bookkeeping Services in Dubai: Sovereign Dubai is currently managing bookkeeping services for variety of clients ranging from a recent start up to multi-million turning over businesses. We tailor our services and fees based on your current activity and requirement. As you grow, we continue to increase our support to match your requirement. Our bookkeeping services will include the followings:
Financial Statement Preparation in the UAE: A financial statement is a formal record of the financial activities of a business. It shows the financial position (Assets, liabilities & Shareholders ‘equity) and financial performance (Profit or loss) of a company. It not only enables the internal users/management in making decisions regarding futufdere planning but also assists external users such as banks or vendors in making decisions about the company’s borrowing capacity. Various UAE and international jurisdictions have made financial statement preparation a mandatory requirement and others are following the suit. Sovereign Dubai provides you with a complete set of Financial statements which includes the following:
UAE Audit & Assurance: An audit of financial statements is the objective independent verification of the financial statements, which increases the value and credibility of the financial statements produced by the management. Sovereign Dubai partners with various local and international reputable audit firms and assists in matching you with the audit company based on your requirement and budget. We also provide the full support during the audit of the company by liaising with the Auditors, preparing the schedules and confirmation letters for auditors and attending to the queries of auditors.
Tax Compliance Services in Dubai: Sovereign Dubai also assist in completion and submission of annual accounts and annual tax returns for UK companies as well as Non-resident UK companies.
Benefits of Choosing our Service
Requirements
We require the following documents to assist with our due diligence procedures:
- Business license and registration information
- Passport copy, visa copy & proof of address of the Manager on the license
Clients will also have to provide the following documents on a timely manner which will enable us to prepare accurate and current reports.
- Cash receipts & deposit slips
- Cash disbursements & bank statements
- Supplier invoices received
- Details of Sales Invoices raised
- Copies of purchase/lease contracts and loan agreements
- Copies of contracts/ agreements with customers
- Detailed list of company assets (description, date of acquisition, original cost and current value)
- Other documents necessary for correct account reporting
Accounting Services - FAQs
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Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.