The Importance of Accounting in Dubai
Accounting in Dubai is not just a matter of bookkeeping; it is a fundamental process for the sustainability of the company and legal assurance. Establishing an auditable and transparent system, especially in free zones and offshore companies, provides protection against potential penalties and banking access issues in the future.
If a company's accounting is not functioning properly:
Investor visas may not be renewed
Bank accounts may be closed
Criminal penalties may be imposed
Proper maintenance of financial records in Dubai directly affects the reliability and credit rating of the business. Therefore, every document should be stored digitally, and every income and expense should be documented with supporting documents.
