Bookkeeping in Dubai.
Your income, expenses, invoices and bank transactions are recorded every month; the year-end return is prepared from a ready ledger, not from a batch exercise.
Scope of the Bookkeeping Obligation.
- The obligation to keep recordsEvery company carrying on a commercial activity is required to keep accounting records and commercial books; no distinction is made between mainland and free zone.Federal Decree-Law No. 28 of 2022 (Tax Procedures), Article 4 · Federal Decree-Law No. 47 of 2022, Article 56
- Retention period for recordsCorporate tax records are retained for seven years from the end of the tax period and VAT records for five years; for real estate records the period is longer.Federal Decree-Law No. 47 of 2022, Article 56 · Cabinet Decision No. 74 of 2023, Article 3
- The ledger as the basis of the returnThe financial statements and the corporate tax return rest on monthly records. In a ledger written up in one batch at year end, missing documents cannot be completed retrospectively.
Monthly Working Process.
- Document flowThe channel through which invoices, receipts and bank statements are sent to us is defined once.
- RecordingSales and purchase invoices are recorded and expense documents are classified.
- Bank reconciliationAt month end, bank transactions are compared with the ledger; differences are identified within the same month.
- Monthly reportThe income statement and cash position are uploaded to the client portal.
Requested from you
- Sales and purchase invoices
- Expense documents and receipts
- Bank statements
- Contracts and recurring payments
Included in the service
- Income and expense records
- Processing sales and purchase invoices
- Bank reconciliations
- Financial reporting
- Tax checks
- Regular financial advisory
Service Fee.
For as long as the company is active, keeping accounting records in good order is a legal requirement. Keeping records in one batch at year end may lead to penalties and incorrect tax calculations.
Note: For companies with a high volume of transactions, the fee may vary with the number of monthly transactions.
Amounts are in USD and, unless otherwise stated, exclude VAT; they are updated when official fees change. Time limits are those set by legislation; because the authorities' processing times are outside our control, we do not give a fixed commitment on timing. Which items arise for your company depends on your activity, your licence and your transaction volume.
Frequently Asked Questions.
Yes. Every company subject to corporate tax is required to keep accounting records in good order and to retain them for seven years from the end of the tax period. A ledger written up in one batch at year end carries the risk of penalties and incorrect tax calculations.
Yes. Free zone companies also register for corporate tax and keep records. Where the 0% rate is used, the fact that the conditions are met is also evidenced by these records.
No. The amount in the price list is a starting level; for companies with a high volume of transactions it may vary with the number of monthly transactions. If you send us your invoice and transaction numbers, a net amount is stated in the proposal.
Other Accounting Services.
- VAT registrationThreshold check, application and tax number.
- VAT returnPeriodic filing and payment follow-up.
- Corporate tax registrationFTA registration and tax number.
- Corporate tax returnYear-end financial statements and return.
- Independent auditAudited financial statements.
- Accounting in DubaiScope, calendar and all six items on one page.