Accounting & Bookkeeping Services
Credora is recognised as one of the top Accounting Services provider in Dubai. We are certified professional chartered accountants providing Bookkeeping and Accounting services in Dubai and are one of the trusted Accounting firms in Dubai, UAE. Nowadays, accounting and bookkeeping services are closely linked to International Financial Reporting Standards (IFRS). This has made financial reporting more structured, but also more technical for businesses in Dubai and across the UAE. We handle every aspect of accountancy and strive to understand your business requirements for accounting and bookkeeping services in Dubai, UAE, along with your long-term goals, so we can tailor a package that fulfils all your requirements.
Accounting Support
Accounting and Bookkeeping Services in Dubai (UAE)
Companies incorporated in mainland jurisdictions are generallyrequired to prepare and file annual accounts. In most cases, these accounts also need a proper legal audit.
For free zone and offshore companies, the rules are slightly different. You must keep clear, accurate financial records that easily explain your business transactions and prove your exact financial health at any given time.
Outsourced Accounting Support
Outsourcing your accounting requirements to Credora’s team of highly qualified professional chartered accountants will provide your company with comprehensive accounting services in Dubai and across the UAE that are aligned to your business requirements and budget.
Accountants in Dubai
Accountants in Dubai play an important role for businesses that need proper financial records, tax calculations, VAT reports, payroll records and year-end accounts. As Dubai continues to attract mainland companies, free zone entities, offshore structures, SMEs and international groups, the demand for qualified accountants and accounting firms in Dubai remains strong.
Accounting firms in Dubai serve different industries by handling bookkeeping, financial reporting, auditing coordination, VAT records, Corporate Tax files and advisory work. A good accountant helps a company keep its books in order, follow UAE accounting requirements and prepare the records needed for management, banks, auditors and tax authorities.
Credora provides accounting support for Free Zone entities, mainland companies and offshore establishments. This includes accounting records for Corporate Tax, VAT, Economic Substance Regulations (ESR), Anti-Money Laundering (AML) requirements and management reporting.
Why Do You Need an Accounting Firm in Dubai?
Engaging an accounting firm in Dubai is important for companies that need correct records, timely reporting and proper tax documentation.
- Regulatory Compliance: Businesses operating in Dubai must maintain proper accounting records for tax, audit and authority requirements. Some free zone companies may also need audited financial statements for licence renewal or regulatory submission. Accounting companies help keep these records in order and reduce the risk of penalties or filing errors.
- Financial Management: Proper bookkeeping helps a business track income, expenses, supplier payments, customer balances, bank movements and cash flow. This gives management a clearer view of business performance and helps with day-to-day financial decisions.
- Professional Review: Accounting companies review transactions, ledgers, reconciliations and reports from an external point of view. This helps identify missing entries, incorrect classifications, VAT treatment issues and other accounting gaps before they become larger problems.
- Time for Core Business Work: Business owners can focus on sales, operations, marketing and customer service while accountants handle bookkeeping, reconciliations, financial reports and tax records.
Partnering with an experienced accounting firm like Credora also helps businesses manage tax planning, ESR compliance reviews, internal audit preparation, AML records and Corporate Tax requirements under UAE regulations.
Professional Bookkeeping Services in Dubai
Our accounting and bookkeeping services in Dubai are based on your business activity, transaction volume and stage of operation. As your business grows from a startup or SME to a larger company or multi-entity group, we adjust the accounting work, reporting frequency and review process according to your requirements.
Our professional bookkeeping services in Dubai include:
Transaction Recording
Recording business transactions in line with International Financial Reporting Standards (IFRS) and UAE requirements for mainland and free zone companies.
Data Entry
Processing income, expenses, receipts, payments, accruals, prepayments and adjustment entries for proper financial records.
Ledger Management
Posting entries to the general ledger and subsidiary ledgers, including accounts receivable, accounts payable, inventory and fixed assets.
Bank Reconciliations
Reconciling bank statements, including multi-currency accounts, and posting required adjustments to reflect the correct bank position.
Accounting Reconciliations
Reviewing intercompany balances, trial balance items, control accounts and ledger balances so the books reconcile properly.
Invoicing & Billing
Preparing sales invoices, credit notes and customer statements.
Vendor Bill Processing & Payments
Reviewing supplier invoices, recording bills, scheduling payments and maintaining payable records.
We maintain clear and organised records used for financial reporting, VAT returns, Corporate Tax filings and statutory audits in accordance with Federal Tax Authority (FTA) guidelines.
Financial Records
Financial Reporting
A financial statement is a formal record of the financial activities of a business. It shows the company’s financial position, including assets, liabilities and shareholders’ equity, as well as its financial performance through profit and loss.
This helps management with planning and decision-making. It also helps third parties, such as partners, lenders and suppliers, review the financial position of your business.
Credora Consultancy can prepare a set of financial statements that includes:
- Statement of Financial Position (Balance Sheet)
- Statement of Comprehensive Income (Income Statement / Profit & Loss Statement)
- Cash Flow Statement
Audit Services
An audit is an independent review of a company’s financial statements. It gives more credibility to the accounts and helps shareholders, banks, regulators and other parties rely on the financial information.
Credora works with approved local and international audit firms in Dubai. Based on the client’s requirements and budget, we assist in coordinating with a suitable auditor.
As part of our accounting services, we assist during the audit process by liaising with auditors, preparing schedules and confirmation letters, and responding to auditor queries.
Management Accounting
Management accounting involves preparing reports and accounts that give managers the financial and statistical information they need for daily operations and short-term business decisions.
Maintaining Cash Books
A cash book is a financial journal that records all cash receipts and payments, including bank deposits and withdrawals. Entries from the cash book are then posted into the general ledger.
Tax and VAT Services
A tax return is used to report income and submit tax information to the relevant tax authorities. Our tax services include tax return preparation, filing of returns and handling enquiries from the authorities where required.
Corporate Tax
The UAE government issued the Corporate Tax Law in December 2022, providing the legal basis for Federal Corporate Tax in the UAE. Corporate Tax applies to financial years starting on or after 1 June 2023.
Credora Dubai can assist clients with Corporate Tax registration, compliance and related filing requirements in the UAE.
VAT
Credora Consultancy also provides VAT services for UAE businesses. We assist companies with VAT registration, maintaining VAT records, preparing and submitting VAT returns, and reviewing VAT compliance matters.
Withholding Tax in the UAE
The UAE does not impose withholding tax on domestic or cross-border payments, including dividends, interest, royalties and service fees. While UAE law is withholding-tax neutral, businesses should still consider the UAE’s double tax treaties, which may reduce or remove foreign withholding tax on income received from outside the UAE.
Transfer Pricing Rules in the UAE
The UAE Corporate Tax Law includes transfer pricing rules for transactions with related parties, whether local or international. These transactions must follow the arm’s length principle and use accepted transfer pricing methods such as CUP, Resale Price Method and TNMM.
Companies must maintain transfer pricing documentation, including Local File and Master File where applicable, and disclose related-party transactions annually.
Documents Required to Start Our Accounting Services
To complete our client onboarding and compliance procedures, we may request the following documents:
- Valid Trade Licence
- Company incorporation and registration documents
- Passport copy of the authorised signatory or manager
- Emirates ID and UAE residence visa copy (where applicable)
- Proof of residential address of the authorised signatory
- Shareholder and Ultimate Beneficial Owner (UBO) information, where required
Documents Required for Ongoing Accounting & Bookkeeping
To maintain proper accounting records and prepare financial reports, clients should provide the following documents regularly:
- Sales invoices and credit notes
- Purchase invoices and supplier bills
- Bank statements for all business accounts
- Cash receipts and payment records
- Details of customer receipts and supplier payments
- Purchase agreements, lease agreements and loan documents
- Customer contracts and service agreements
- Fixed asset register, including asset description, acquisition date and purchase value
- Payroll records and employee-related documents, where applicable
- Any additional documents required for accounting, VAT, Corporate Tax or financial reporting
Why Choose Credora?
Selecting the right accounting firm in Dubai matters when your business has Corporate Tax, VAT, financial reporting, payroll, audit and compliance requirements to manage. Credora Consultancy LLC provides accounting and advisory services for mainland companies, free zone entities, SMEs, startups and offshore businesses across the UAE.
Our team works with business owners to review financial records, identify accounting gaps, prepare reports and keep the company aligned with UAE regulatory requirements. Credora also assists with Corporate Tax, VAT, ESR, AML, audit coordination and management reporting, based on the company’s activity, structure and compliance position.
Frequently Asked Questions – Accounting Services in Dubai (UAE)
What accounting obligations apply to UAE Mainland LLC companies?
UAE Mainland LLCs are subject to the Commercial Companies Law and Federal Tax Authority requirements. They must keep financial records for at least five years, while tax records should generally be retained for seven years. Annual financial statements are normally prepared under IFRS, and companies must also register for UAE Corporate Tax and file annual Corporate Tax returns where applicable.
What accounting requirements must DAFZA companies comply with?
Companies in Dubai Airport Freezone Authority (DAFZA) must keep books of accounts and prepare annual financial statements under IFRS. The accounts must be audited by a DAFZA-approved auditor and submitted to the authority for licence renewal purposes.
What accounting records are required for companies registered with Dubai Development Authority (DDA)?
DDA-registered Free Zone LLCs and branches must keep accounting records for at least eight years. Audited financial statements, together with the required summary sheet, must be submitted through the AXS portal within six months from the end of the financial year.
What are the bookkeeping and accounting requirements for RAKEZ companies?
RAKEZ companies must keep books of accounts and prepare annual financial statements under IFRS. Where an audit is required, the financial statements must be audited by a RAKEZ-approved auditor and submitted within the deadline set by the authority.
What accounting and financial record requirements apply to RAK ICC companies?
RAK ICC companies are generally not required to publicly file audited financial statements, but they must keep internal accounting records, including books of accounts, balance sheets and income statements. Corporate Tax registration may also apply depending on the company’s activity, UAE nexus and taxable status. UBO records must also be maintained.
What accounting obligations must JAFZA companies meet?
JAFZA companies must maintain books of accounts and prepare annual financial statements under IFRS. The financial statements must be audited by a JAFZA-approved auditor and submitted before trade licence renewal.
What accounting records are required for companies registered in DMCC?
DMCC companies must submit audited financial statements within 180 days from the end of their financial year. The audit must be completed by a DMCC-approved auditor, and the submission is made through the DMCC Member Portal.
What accounting requirements apply to businesses operating in Dubai South Free Zone?
Dubai South companies must keep books of accounts and prepare annual financial statements under IFRS. An audit may be required depending on the company’s licence and authority requirements, and the audit report should be submitted within the deadline applicable to the company.
What accounting obligations apply to BVI companies with UAE business operations?
BVI companies with UAE business activity or UAE-sourced income may have obligations under UAE Corporate Tax rules. They should keep financial records for seven years for tax purposes and review whether Corporate Tax registration, ESR-related records or other UAE reporting requirements apply based on their actual operations.
What services do accounting firms in Dubai usually provide?
Accounting firms in Dubai usually provide financial reporting, accounting review, management accounts, VAT support, Corporate Tax support, payroll services, audit coordination and business advisory services.
What types of businesses need accounting services in Dubai?
Startups, SMEs, mainland companies, free zone entities, offshore companies, trading businesses, real estate firms, contractors, restaurants and service providers may need accounting services in Dubai for reporting, tax and compliance requirements.
How do I choose the right accounting firm in Dubai?
Choose an accounting firm with UAE regulatory knowledge, experience in your business activity, proper tax and accounting expertise, clear reporting processes and reliable client communication.
