Business support in the UAE
- After registering the company in the UAE, we monitor all financial operations, keep records, submit declarations and represent the company's interests in front of the tax authorities. Do business and delegate the entire accounting routine to us.
- AGLIO specialists are aware of the peculiarities of the UAE legislation, monitor all changes and ensure that your company complies with all the requirements of the UAE laws. With us, you do not have to worry about risks associated with compliance with laws in terms of accounting and taxation.
- With AGLIO, business relieves itself from unnecessary administrative burden. By opting for outsourced bookkeeping, an entrepreneur saves on creating a workplace, investing in software, paying for a work permit, insurance and a visa. We guarantee service without sick leave and holidays.
we will answer as soon as possible
in the UAE and when
- 1 The business
is startedThe correct choice of the place of registration of the company, taking into account the planned activity, will help to avoid problems and unnecessary costs of resources. Setting up correct accounting and tax accounting in the company from the start will make the business manageable and ensure the reliability of financial and management data for years to come.
- 2 Business
is operatedWe are engaged in accounting and tax routine: control expenses and income, calculate wages, take into account property and debts, prepare reports and calculate taxes, prepare analytics based on the results of activities. You form the company's reputation before clients, we - before state tax authorities and investors.
- 3 Business
is growingAt the start of a business, the focus is on sales, product improvement and work with personnel. All accounting is kept in Excel spreadsheets. The management is faced with a lack of understanding of how much money can be withdrawn from the business so as not to disrupt operations or how to subsequent scaling. There are problems with the timeliness of payments due to the lack of cash flow planning. AGLIO can help with accounting to bring back manageability and security to the business.
of business support
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Tax consulting
We provide comprehensive advice and support in tax matters. With AGLIO, the tax authorities receive the necessary reports from the company in a timely manner, and the management understands how much taxes will need to be paid. The management is provided with financial statements and explanations to them within the time limits established by local legislation.
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Accounting support
We set up and restore accounting in the company. With AGLIO, employees receive their wages and pay slips on time, and the company's clients receive invoices and notifications of the due date of payment (control of receivables).
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Labor law advice
We will help you deal with the requirements of labor law. We will explain the responsibility for violations in the field of labor relations, help to build transparent contracts with employees, and we will show how to calculate payroll.
- Annual license renewal and other payments. The UAE is considered as a low tax jurisdiction due to the absence of income tax. However, entrepreneurs need to understand that it is necessary to pay the cost of a license annually, which for a small business can be quite comparable to the amount of tax on income from activities. Also, to conduct activities, it will be necessary to rent an office, an office workplace or commercial and industrial premises. AGLIO will help plan the costs of business administration in the UAE for several years ahead and calculate the required minimum income level for business sustainability.
- Relationships with employees. In the UAE, it is strictly forbidden to work without obtaining a special work permit from the State. Contracts with employees are registered with government agencies and all costs for the registration of personnel are borne by the company. And this is obtaining a work permit, issuing work visas for employees, social insurance, and in hotel cases, providing accommodation. AGLIO will help you plan the costs of attracting staff in the short and long term and help prevent employer mistakes that lead to financial losses.
- Relationships with banks. The banking system of the UAE is controlled by the State in order to maintain the cleanliness of operations in the financial sector. Therefore, when working with banks, an entrepreneur has to undergo verification, comply with the requirements of the KYC (Know Your Client) procedure, and annually submit information for financial monitoring to the bank. AGLIO will advise on the requirements for documents for opening an account and explain the requirements for bank transactions so that the relationship with the bank is always friendly.
Price of services
(depending on the number of periods and transactions)
asked by clients
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Can third-party specialists prepare internal reports and not be the company’s employees?
Yes, outsourcing in the accounting and tax accounting of a company in the UAE is as popular as in other countries in the world. At a certain stage of business growth, issues arise that require an expert level to solve, but keeping an accountant of the appropriate qualification on the staff is not always economically feasible. Outsourcing of highly qualified specialists in accounting and taxation to solve specific problems is beneficial for business.
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Is it true that some special zones in the UAE do not require mandatory accounting?
No. All companies, regardless of the type of activity and form of ownership, are required to keep records and prepare financial statements. The company is required to keep all records and accounts for 5 years, and in the real estate sector - 15 years. Penalties for not keeping records and failure to provide registers and documents at the request of the inspection authorities range from 10,000 dirhams to 50,000 dirhams.
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What accounting and reporting software solutions are applicable in the UAE?
There are a number of software products approved by the UAE tax authority for accounting in the UAE. Among them, the most popular accounting systems are Odoo, Zoho, QuickBook, 1C, Tally. All of them have UAE-specific solutions and help businesses prepare tax reports in accordance with the requirements of the tax authority. AGLIO will help you make the right choice of software product and set up accounting depending on your business needs.
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as soon as possible