Frequently asked questions

Accounting, VAT & Corporate Tax Questions in Dubai

Straight answers to the questions we hear most from Dubai business owners — on accounting, VAT, Corporate Tax, company formation and Virtual CFO services.

Accounting & bookkeeping

A chartered accountant manages bookkeeping, prepares financial statements, and advises on VAT and Corporate Tax compliance with the Federal Tax Authority, often alongside company formation and Virtual CFO support.

Cost depends on transaction volume, entity type and reporting frequency. We provide a fixed monthly or project fee after a short consultation about your business.

Yes — UAE law requires businesses to keep proper accounting records to support VAT and Corporate Tax filings, and outsourcing this is usually more cost-effective than an early in-house hire.

Outsourcing gives you a qualified accountant's oversight and current FTA compliance knowledge without the cost and recruitment time of an in-house hire.

VAT

Once taxable supplies and imports exceed AED 375,000 over the preceding 12 months (mandatory), or voluntarily above AED 187,500.

Most businesses file quarterly, though some file monthly depending on turnover. We confirm your filing cycle once registered.

VAT filing is the periodic submission to the Federal Tax Authority declaring VAT collected on sales and VAT paid on purchases, with any balance due settled by the filing deadline.

Corporate Tax

A federal tax on business profits, generally 9% above the AED 375,000 threshold, administered by the Federal Tax Authority.

Most mainland and free zone businesses must register for Corporate Tax, even if current profits fall below the taxable threshold.

The FTA applies fixed and escalating penalties for late registration or filing. We track deadlines specifically to avoid this.

Company formation & business setup

It involves choosing a jurisdiction (mainland or free zone), selecting a business activity, submitting licensing documentation, and then registering for VAT and Corporate Tax once incorporated.

It depends on your target customers and activity — free zones often suit international or zone-based trading, mainland suits businesses trading directly across the UAE.

Virtual CFO

A Virtual CFO provides CFO-level financial leadership — budgeting, cash flow oversight, reporting and planning — on a fractional basis, without a full-time executive hire.

Yes — many SMEs use it precisely because they aren't yet at the size that justifies a full-time CFO but still need senior financial oversight.

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