Accounting and Payroll in UAE
UAE Business Experts
UAE related forum posts
Right start is essential for a Perfect Business”UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most
Total Posts: 5 Last post by Peergrowth
HelloI have been trying to get a loan for some time now. due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan because to my credit score All other corporation/bank turned me down.Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay, So i am using this opportu
Total Posts: 1 Last post by egarinc-us
Accounting, Auditing, HR and Payroll in the UAE
It is recommended, and probably in your best interest, to employ an accountant in the UAE. They'll nearly always save money, and more importantly, will make your business the most financially efficient it can be. Used wisely, they can make you more profitable than ever.
Accountants provide a range of services in the UAE. They can look after everything financial, from fundamental book-keeping to more expert advice. You could hire an accountant simply to prepare financial statements for your tax return in the UAE, or you may require them for other added-value services such as auditing. Accounts must be audited each year, unless the company or region you are based in is exempt.
It is essential to choose an appropriate accountant for your circumstances. If you just want an accountant to take care of your book-keeping, then a small firm will probably suffice. However, if you require astute financial and planning advice, a larger, more reputable company might be needed. Check they're chartered / registered with a recognised accounting body. It is important to lay out exactly what you want them to do for you and what the charges will be.
Keeping a sound financial record is essential in the UAE. Apply yourself. Have a good system in place and then the time that you do spend on accounts won't be so burdensome. Ensure you retain receipts for everything you buy. It is recommended that you keep a ledger or book with the details of what the receipt is for. Keep a record of all sent and received invoices too. These will keep you informed that you've been paid or have money owing, etc.
Ultimately, applied and diligent record-keeping will keep your accountancy costs low.
Organisations that can assist with Accounting and Payroll
Company formation in Dubai is not a straightforward task. Despite this, Dubai has a unique set of appealing features that attract entrepreneurs and established businesses alike, to make Dubai a base for their operations
Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.
Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.
PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.