Services Archive | Business Setup Consultant in Dubai | Projectfrpjsc

Dubai Golden Visa

admin — Thu, 15 Dec 2022 14:04:13 +0000

LONG TERM RESIDENCY IN UAE

A complete info on Golden visa

Your long term residency in UAE is just an appointment away with Projectfrpjsc.

KNOW MORE ABOUT UAE CITIZENSHIP

What is a golden visa in the UAE?

The Dubai Golden visa grants long-term residence benefits which enable talented foreigners to dwell, work, or study in the UAE. The people who are eligible for the golden visa are.

Citizenship is not just limited to the country you are born in, you can be a citizen of the investment and business hub of the world by getting a golden visa in Dubai.

Entrepreneurs
Investors
Scientists
Exceptional students
New graduates
Front-line heroes
Humanitarian trailblazers

THE SMART CHOICE

What are the benefits of getting a golden visa?

The Dubai golden visa allows its possessors to stay in the UAE while having access to exclusive benefits like:

A residence permit in UAE valid for five or ten years.
The golden visa is renewable.
You will not require a sponsor.
You can stay abroad for more than 6 months and still preserve the validity of your residence visa.
You can be the sponsor to your family members regardless of their ages and an unlimited number of domestic workers
Even if the primary holder of the golden visa passes away, the family get to stay in the country until the expiry of their stay permit.

Am I eligible for a UAE golden visa?

The eligibility criteria for obtaining the UAE Golden Visa are as follow

Investors

As a foreign investor, you are required to fulfill all or one of the following requirements in order to obtain a Dubai Golden Visa-

You should have an investment of up to AED 2 million in a firm in the UAE.
A capital investment of AED 2 million in your company
Have a partner owning the company shares worth up to AED 2 million

It is mandatory to fulfill the below mentioned requirements-

You should entirely own the Investment funds and be able to provide the proof of the same in the form of documentation.
You should be in possession of the investment for at least three years.
Provide proof of insurance for you and your dependents.

Real Estate Investor

Real estate investors owning a group of properties can get a Golden Visa for up to 5 years which is renewable. The following are the conditions-

Letter from the land department of the concerned area that you are in ownership of one or more properties worth no less than AED 2 million
Property purchased after acquiring a loan from a local bank which should be approved by a competent local authority.

Entrepreneurs

As an entrepreneur you can get a golden visa for 5 years after fulfilling the following criteria-

If you are in ownership of a future based project or a technical project which involves risk and innovation.
Approval letter from an auditor claiming that the project value is at least AED 500,000; Statement from authorities stating that the project involves risk and is innovative; and an accredited business incubator to establish the project. All of these letters are mandatory from the concerned authorities in the UAE.

How to get Golden Visa as a person with Specialized talent?

This category includes doctors, scientists, creative people of culture and art, inventors, executives, specialists in scientific fields, athletes, doctoral degree holders and specialists in the fields of engineering and science with one of the aforementioned subjects: epidemiology and viruses, artificial intelligence, big data, computer engineering, electronic engineering, software engineering, electrical engineering, genetics and biotechnology engineering.

In such cases, you are eligible to apply for a 10 year golden visa after meeting the following criteria-

Specialists in engineering and science

Bachelor degree or Master degree copy certified by ministry of education
A valid work contract

Outstanding students

A high school student and a national level topper can get a 5 years golden visa on recommendation from the ministry of education.It may be extended if the major/college needs more than 5 years of study.
University students get a golden visa of 10 years on being enrolled in an A or B class university, recommendation letter from Ministry of education or a GPA of no less than 3.8. It should be within 2 years of your graduation.
Students of foregin universities also need to complete the above mentioned conditions and should be enrolled in top 100 universities in the world.

Humanitarian work Pioneers

You are eligible for a 10 year visa if you have worked for an international or regional organization as an outstanding employee for at least 5 years.
Worked for civil associations for 5 years.
Received an award from a local, regional or international organization.
Funders of Humanitarian work. The fund should be of AED two million.

Frontline workers

Frontline heroes who put out great effort in times of need may be recommended for the Golden visa by a qualified official.

Inventors & Athletes

Letter of recommendation stating that your patent has added value to the country’s economy.
Recommendation letter from sports council

Doctors and Scientists

The Ministry of Health and Prevention provided letter of approval to practice medicine in the UAE.
A letter of recommendation from the concerned authorities stating that you have been awarded a medal of excellence.

People in culture and art fields

an approval letter from the department of culture and arts in the emirates.

Executive Directors

Ministry of Education accredited bachelor’s degree
5 years experience at the same position, acknowledged by letter of experience
Valid work contract and salary certificate stating salary worth at least AED 50,000

List of celebrities holding golden visa in 2022

Some of the celebrities holding a golden visa are

Mohammed Ramadan

Ragheb Aalma

Elissa

Najwa Karam

Reif Othman

Ola Farahat

Nelly Karim

Kosai Khauli

Walid Toufic

Annabella Hilal

Karen Wazen

Latifa El Arfaoui

Ali Kanaan

Hany Shaker

Jessy Abdo

Myriam Fares

Mammootty

Safia Alemary

Karim Fahmi

Imad Benaomar

Fakhr-e-Alam

Izu Ani

Tovino Thomas

Marwan Khoury

What is a Dual Citizenship in UAE?

The recent law in the UAE allows the citizens who are granted the UAE citizenship to keep their existing citizenship. However, you also need to check with your country regarding the same.

What is the Fees for Golden Visa?

The consulting fees for the Golden Visa varies depending on your need:

If you are applying from UAE, it will range from AED 5K to AED 6K.
If you are applying from outside UAE, it will range from AED 7K to AED 9K

Can you buy a Golden visa?

Buying a golden visa directly is not possible. You can however buy property, make investments that makes you eligible for applying for the golden visa.
.

Do I have to stay in the UAE to maintain the visa?

UAE golden visa holders can stay outside the country for as long as they want without the fear of losing their citizenship. This means that you do not have to necessarily stay in the UAE to maintain your residency visa.

What are the essential documents for the UAE golden visa?

The following documents are essential for the UAE golden visa-

A copy of your passport
Passport-size pictures
Medical reports
Extendable Health insurance
Immigration Establishment Card
Travel itinerary such as flight tickets and hotel accommodation.
Proof of housing in the country
Additional documents related to the travel could be requested
Documents related to your work field.

[contact-form-7]

The post Dubai Golden Visa appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.

VAT Services Dubai

admin — Sat, 03 Dec 2022 11:51:13 +0000

VAT ASSISTANCE FOR YOUR BUSINESS

VAT and taxation in the UAE

What is the first thing that comes into your mind when you hear the term “why start your business in the UAE?” No taxes! Do you agree?

A TRUSTED PARTNER FOR TAX CONSULTING

Understanding VAT (Value-Added Tax)

UAE is a country where businesses do not have to pay a large share of their income in taxes. This has always been a major attraction for foreign investors to start their companies in the country. Individuals are not subject to income tax in the UAE. However, it imposes corporate taxes on foreign banks and energy firms.

So, what exactly is VAT? It is a tax that is levied on purchases of goods and services. It is included at every stage of the production and delivery of the product where the company has contributed value. VAT was introduced in 2018 in the UAE. The consumer contributes the VAT, and the business must collect VAT and send it back to the government. If the business is not doing so, then it could lead to serious penalties. Currently, a 5% VAT is charged at the point of sale in the UAE.

Who is Exempted from VAT?

Financial services

Most financial services are free from VAT. This can involve currency exchange, extending credit or loans, or opening business or personal accounts.

Real estate

Residential properties are exempt from VAT excluding mobile homes, and RVs.
Whereas, hotels and motels are subject to VAT.

Transportation

Furthermore, any local transportation by land, water, or air is considered an exemption.

Is your Business Eligible to Pay VAT?

VAT of 5% equally applies to businesses conducting operations on the mainland or free zones in the UAE. Typically, VAT-registered businesses:

Keep a variety of business records that will enable the government to verify that they are doing things correctly. They must charge VAT on taxable goods or services they supply.
They may be eligible to refund any VAT they have paid on company-related items or services.
Businesses that have registered for VAT are required to regularly report to the government the amount of VAT they have collected and levied

Criteria for VAT

Here are the two pointers that need to be understood if you are eligible for paying VAT in the UAE

If a company’s annual taxable imports and supplies total more than AED 375,000 in a year, it must register for VAT. For companies with annual supplies and imports of more than AED 187,500, it is optional.

A company pays the government the tax it receives from its clients. The government also reimburses it for the tax it paid to its suppliers at the same time. Additionally, foreign companies can get their VAT back when they travel to the UAE.
.

VAT for Free Zone Companies

When you start a business setup in Dubai free zone, the VAT taxations are a little different with their own set of laws, these are:

If you are dealing inside a designated free zone, then your company is exempted from paying VAT.
Secondly, if you sell your products and services inside the UAE then your free zone company has to charge VAT.
Thirdly, if your company in the free zone deals with exporting outside of the UAE, then there is no VAT applicable.

How can Projectfrpjsc Assist you?

Projectfrpjsc has been the leader of the industry for more than 15 years. We know how the VAT structure for businesses works in the UAE. Our team can get you through the VAT process in a hassle-free manner. We know how the complete procedure runs and can help you do it in just a few hours.

Starting with creating an FTA account, we will take care of your account on the official portal. We will also assist you with the documentation as per the requirements of the FTA and help you submit them. Once you complete the registration, we will issue you a Tax Registration Number certificate by which you can get the individual or corporate tax residency certificate from the FTA.

VAT registration is easier with Projectfrpjsc!

Frequently Asked Questions

How can I register for VAT in the UAE?

The applicant who wants to register for VAT must file an application with the FTA online and complete all the required procedures.

How much is the VAT in the UAE?

5% VAT is applicable along with the cost of taxable goods and services in the UAE.

Who is exempted from VAT in the UAE?

If you deal in financial services, residential buildings, supply of bare land, and local traveling services then you are not liable to pay VAT.

[contact-form-7]

The post VAT Services Dubai appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.

Business Visa in Dubai

admin — Sat, 03 Dec 2022 11:48:42 +0000

LET THE EXPERTS ASSIST YOU WITH VISA

RELIABLE BUSINESS VISA SERVICES IN UAE

Start or grow your company with a business visa in the UAE.

APPLY BUSINESS VISA WITH THE EXPERTS

Business Visa in the UAE

Are you an entrepreneur or an investor looking for a business setup in Dubai with a fantastic business idea? This is the ideal opportunity to invest. Starting a business in the UAE has some mandatory requirements, and a business visa is one of them. You will require a valid business visa in Dubai if you want to launch or grow your company in the United Arab Emirates.

Before you apply for a business visa, make sure you have all the essential paperwork in order to avoid delays with the establishment of your company and obtaining a visa from the relevant authorities in the UAE.

Types of Business Visa in the UAE

There are two types major of business visas in the UAE

1 Month visa

The 1-month visa is a type of temporary visa that allows you to reside in the UAE. If you are already residing in the UAE and you wish to grow your business forward in the country then a 1-month visa is for you. Remember to change it into a residence permit.

6 Month visa

In case you don’t reside in the UAE, you can get a business visa for 6 months. This multiple-entry visa offers the applicant a great opportunity to arrive in the country, set up their family, and hunt for more employment prospects. Those who want to stay in the nation permanently should get this visa.

GET A BUSINESS VISA FOR YOUR COMPANY

What are the Benefits of a Business Visa?

The UAE government understands how foreign investors are rushing toward the Emirates to launch their companies in a business-friendly environment. This led to many changes in the visa rules over the years to make them more flexible.

With a business visa in Dubai, you can get some major benefits for your business in the UAE:

Exposure to a significant and expanding market
Appealing tax breaks
Networking possibilities in a supportive environment for business
Easy travel between the UAE and other countries.
Chances for longer-term residency

WHO CAN GET A BUSINESS VISA

Eligibility Criteria for a Business Visa

However, you need to meet a few standards in order to apply for and receive a business visa in Dubai. Anyone with entrepreneurial expertise from any nation is qualified to apply for a business visa in Dubai.

Here is the eligibility criteria list:

Should be over 18 years of age
You must provide proof that you have prior business experience.
You must have a sound business concept and plan before starting a business in the United Arab Emirates.
Have a passport from your country of residency that is valid for at least six months.
You must provide a valid letter for your visit to the UAE.

How Can You Apply for a Business Visa in the UAE?

Here is the list of steps that you need to follow to get your business visa in the UAE:

Fill out the visa application form

You must complete the application form online or get the application form from any nearby UAE embassy. Once the form is finished, you can submit it together with the necessary paperwork.

Make the necessary payment

Once you have filled out the application form, the next step is to pay a certain fee. The fee depends on the type of visa and the time period for which you want to apply.

Get the business visa

After the above steps have been completed, your application will be processed further, and you will get the update in approximately 14 days.

Documents Required for Business Visa Application

Getting the necessary paperwork together is a mandatory task that you need to do in order to get a business visa, these are:

Completed business visa application
Copy of the passport that must be valid for at least 6 months from the date of your planned travel.
Two most recent white-background passport photos
Letter of invitation from your UAE sponsor
A copy of your residence permit if you already reside in the UAE

How Can Projectfrpjsc Assist You with a Business Visa?

A business visa in Dubai is an important step when looking to start a business in the UAE. It implies your legal entry into the country. However, foreigners might face a few difficulties, be it the time required for the complete process, or keeping the documents intact. Thus, it is suggested to take assistance from an experienced business setup consultant in the region.

Projectfrpjsc has been in the domain for many years, and we have been assisting our clients from all over the world. Our PRO services are the best when it comes to obtaining a business visa in the UAE. We can assist you with 360-degree assistance for your business setup in the country.

Frequently Asked Questions

What is the cost of a business visa in the UAE?

The cost of a business visa depends on the time period you are opting for in the UAE. A business visa for 6-months would cost more than a business visa for 1-month.

Which business visa should I choose between the two?

This would depend on the nature of your business activities and the duration of your stay. So, suppose you have a quick stay in the country, then a 14-day visa would be fine, otherwise, for a longer duration, 30-days or 60-days would be the best option.

Can I convert my Dubai business visa into a residency permit?

Yes, you can convert your Dubai business visa into a residency permit. You simply need to submit a copy of your passport, business visa, and Emirates ID. The residency visa ensures your stay in the UAE for 3 years.

[contact-form-7]

The post Business Visa in Dubai appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.

Company Registration in Dubai

admin — Wed, 21 Oct 2020 13:57:53 +0000

HASSLE-FREE BUSINESS REGISTRATION IN DUBAI

Register Your Company in Dubai

Let our experts handle the company registration in Dubai for you.

START WITH BUSINESS REGISTRATION IN THE UAE

Company Registration in Dubai is Easy with Experts

Get started with company registration in Dubai with expert assistance from Projectfrpjsc. We realize that starting a new business from scratch can be a challenging task. As a foreigner, you must be familiar with all of the country’s laws and regulations before proceeding with your Dubai company registration. This is where Projectfrpjsc comes into the picture to guide you with everything that is required for a prospering business setup in Dubai. We are proud to have assisted more than 15,000 clients from 164 countries and are adding more to the list.m

EXPERIENCE EASY BUSINESS REGISTRATION IN DUBAI

Start Your Company in Dubai

Dubai is one of the seven emirates in the UAE with the highest population density in the country. The city is the leading business hub of the world and a popular startup destination for numerous foreigners. The city stands among the fastest-growing cities in the world. It offers great opportunities for several business niches, from cryptocurrency, IT, healthcare, and tourism, to general trading, manufacturing, and precious metals.

As per Projectfrpjsc experts, foreigners can take advantage of the business-friendly environment in Dubai. The government offers flexible laws such as a zero-tax structure, 100% exemption from import/export duties, 100% foreign ownership, great infrastructure, strategic location, and much more.

COMPLETE ASSISTANCE WITH BUSINESS REGISTRATION

Why Business Registration in Dubai is Required?

So, why do you need to register a company in Dubai? Dubai is home to more than 20,000 global companies operating in the entire economic zone of the city. Business registration in Dubai allows you to take advantage of the several benefits offered by the government. As a result, your business will be able to grow globally.

Any international entity looking to establish or expand its business needs to apply for Dubai company registration. This includes obtaining the necessary permits, approvals, and trade licenses from the issuing authorities.

BEGIN WITH THE EXPERTS

Are You Starting A New Company?

If you are someone who is new to the concept of doing business in Dubai, then you must consider multiple things during Dubai company registration. You must decide on what type of business you want to start, the type of jurisdiction that will suit the business needs along with the licensing requirements, visa, and bank account.

Thus, it is always better to take help from a local and experienced business setup consultant to get the best services for your Business registration in Dubai.

Types of Business Registrations in the UAE

Mainland Business Registration

Mainland in Dubai is a popular choice for investors worldwide. If you choose a mainland business jurisdiction, you can conduct business anywhere in the UAE and overseas. Mainland also offers great chances for business expansion and growth for more than 3000 business activities. The Department of Economic Development (DED) issues the mainland license.

Free Zone Business Registration

A free zone business formation has gained popularity over the years in Dubai. Free zones refer to a business zone where you can carry out business activities but only in the designated free zone. Dubai has more than 30 free zones and each free zone has its own governing and license-issuing authority. Foreign businesses prefer free zones due to their numerous advantages.

Offshore Business Registration

An offshore business formation is a preferred option by global business owners. This is because with an offshore business you have the authority to register a company in Dubai but are allowed to open branches outside of Dubai. Offshore registration is a very quick and simple process where you can get a business license in just a few hours even if you are sitting in your home country.

What If You Already Have Business

If you already have an existing business entity then you might want to renew or upgrade your business license. Renewal of the business license is very important because if you do not apply for license renewal in the UAE, it might cause serious problems with your business. Similarly, suppose you want to add new business activities to your current business then you need to upgrade the business license.

Projectfrpjsc also assists already existing companies who want to renew or upgrade their business licenses in the UAE. Our experts know the importance of upkeeping with the lates laws in the country

Register Company in Dubai With Projectfrpjsc

When you are new to a foreign land, starting a new business can be overwhelming. You need to be familiar with all the rules and regulations of the country as well as updated with the latest laws. This can be a little challenging for new business owners and investors. Hence, you must take assistance from reliable business setup consultants in Dubai.

We handle all your documentation and paperwork formalities required by the bank.
With us, you get a hassle-free process to open a corporate bank account in the UAE.
Get the best assistance to make the right bank choice that caters to your business needs.

What We Do For Our Clients

Business setup and licenses

Projectfrpjsc is known for its hassle-free business setup and for obtaining quick business licenses in Dubai. We get you through with the third-party approvals along with the ones that are issued by the government authorities.

Complete banking assistance

With more than 15 years of experience in corporate banking, our expertise in the domain will guide you with opening a business bank account in Dubai. We will help you with selecting the right bank as per your requirements. We will also take care of the compliance management and documentation that are essential for your business.

Visa and PRO

Visa is a mandated aspect of having a business in Dubai. It allows foreigners to get long-term visas for themselves and their families, and it acts as permission to remain in the nation and do business. We will help you get a residency and a business visa in no time. Furthermore, our PRO services are the most trusted resource when it comes to getting things done quickly or representing your business in the UAE.

Accounting and bookkeeping

Accounting is essential to a business and keeps track of the financial health of the company. Despite the UAE government’s tight regulations regarding tax compliance, it is crucial to fully comprehend the legal and financial aspects of your business in addition to your taxes. Bookkeeping is another major part of a business, it helps you track daily records, invoices, and financial receipts and in turn, helps with the accounting process.

Frequently Asked Questions

Do I need a local sponsor for company registration in Dubai?

No, you don’t need a local sponsor for registering a company in Dubai.

What are the benefits of registering a company in Dubai?

When you register a company in Dubai, you are legally allowed to conduct business in the UAE. You get access to great laws, business-friendly rules, and world-class infrastructure.

How much time will it take for the company to get registered in Dubai?

It takes around two weeks to register your business in Dubai but with the help of Projectfrpjsc, you can complete the registration process in just a few hours.

Can I register my company online in Dubai?

Yes, you can register your company online. Projectfrpjsc will assist you with a better and smooth company registration process in the UAE.

[contact-form-7]

The post Company Registration in Dubai appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.

Business Bank Account in Dubai, UAE

admin — Wed, 21 Oct 2020 13:02:35 +0000

TRUSTED PARTNER FOR CORPORATE BANKING

Corporate Banking Consultancy

Get the best corporate banking consultancy from the experts and take the first step towards a better business approach.

RELIABLE CORPORATE BANKING SOLUTIONS

What is Corporate Banking and Why is It Important in Any Business?

A corporate business account is the next big thing that holds major importance for business setup in Dubai. It makes your financial transactions simple and is highly recommended for better maintenance of your business funds. Corporate bank accounts in the UAE offer the facility of multi-currency accounts. A multi-currency account allows you to deal in multiple currencies which is very helpful for foreign investors as it reduces the overall transaction costs, and keeps your money transfers hassle-free.

Contact Now

Why You Should Have a Corporate Bank Account in the UAE?

Confidentiality

The banking system in the UAE is one of the safest in the world. You don’t need to worry about the privacy of your data when you open a bank account in the UAE.

Secure transactions

Banks in the UAE offer the utmost secure transactions for your business. You are always notified about your account updates and there is no possibility of any fraudulent activity taking place within the account.

Easy capital transfers

If you are a foreigner doing business in the UAE, capital transfers and currency exchanges are a major part of your business. This becomes easy with a corporate bank account for your business.

Advanced banking services

Banks in the UAE are technically sound and provide you with a variety of services, including instant money transfers, credit cards, and online banking.

Why Do Our Clients Trust Us With Corporate Banking?

Projectfrpjsc is a team of professionals having an experience of more than 15 years in the banking sector. We have the expertise to guide you throughout the corporate banking process in the UAE.

We handle all your documentation and paperwork formalities as required by the bank.
With us, you get a hassle-free process while opening a business bank account in Dubai
Get the best assistance in making the right bank choice that caters to your business needs.

Also Read – Rise of Digital Banking in UAE

Documents Required to Open a Business Bank Account in Dubai

List of documents to open a business bank account in Dubai

A company trade license is essential so that the bank can recognize your business.

CV/Resume is needed to identify your past business experience, thus ensuring that it matches your upcoming business activities.

A copy of your passport and residency visa will ensure your nationality and legal entry into the country respectively.

The bank would require legal company documents so that it can be assured of valid ownership of your current company.

A copy of Emirates ID will act as a validation document and be a part of the verification by the bank.

Utility bills are usually required as proof of address. This is important to keep a record of your address in the bank.

6 months bank statements will be required as a guarantee that your financial statements are legal and do not contain any fraud.

The business plan will be required by the bank to get an idea of your business activities and financial plan.

COMPETENT CORPORATE BANKING SERVICES

Our Role as a Corporate Banking Consultant

Projectfrpjsc is a trusted name when it comes to reliable corporate banking services in the UAE. We will walk you through the corporate banking process for your business in the UAE because we have all the necessary skills and expertise.

Additionally, all banks in the UAE would require you to give them a pile of paperwork. Why don’t you let us take care of it? We provide completely transparent and easy processes for getting your paperwork ready for your business bank account and guarantee to provide the best guidance for choosing the best bank to meet your company’s demands.

360-degree assistance

We consider all factors for your business to assist you in a 360-degree manner in selecting the best bank.

Documentation preparation

With 15 years of experience in corporate banking, our in-house team will assist you in compiling all the documents required.

Compliance checks

Overcome the challenges of compliance checks with our dedicated in-house compliance management team.

Virtual corporate banking

We will help you plan everything while you are sitting in your home country. Our team will submit all the required documents to the banks on your behalf.

Frequently Asked Questions

How much time will it take to open a corporate bank account in the UAE?

The entire process of opening a bank account in Dubai takes about 4-6 weeks. However, you may open a corporate bank account with Projectfrpjsc in just one week.

Can I use the banking services in the UAE to transfer money to any other country?

Yes, you can transfer money to a country fairly easily using your bank account in the UAE. You can utilize the mobile/net banking features that your bank provides.

Can foreign investors outside the UAE open a bank account there?

Projectfrpjsc offers the possibility to open a bank account virtually, even though it is necessary to be physically present in the UAE when doing so. We will handle the application process on your behalf.

[contact-form-7]

The post Business Bank Account in Dubai, UAE appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.

Accounting & Bookkeeping Services

admin — Tue, 20 Oct 2020 07:15:47 +0000

BRING YOUR FINANCES UNDER ONE UMBRELLA

accounting & bookkeeping Services

Confused about what would make your business finances easier? Let our experts assist you.

LEAVE YOUR ACCOUNTING TO THE EXPERTS

Why Do You Need Accounting Services for Your Business in the UAE?

Accounting plays a key role in the ability of an enterprise to measure its financial health and overall performance to make informed decisions. While the UAE government is strict about tax compliance in the country, it becomes essential to have a complete understanding of your taxes along with all the legal, and financial aspects of your business.

Now imagine a scenario where you don’t work with a reliable accounting consultant, and have to do it all by yourself!

With all the responsibilities in mind, you might face challenges focusing on your business. After all, you don’t want to lose track of your money.

With Projectfrpjsc assisting you with your business accounting, you get complete guidance for all the do’s and don’ts regarding the tax and legal structure of the country. Let our team handle the numbers and keep a track of all your transactions as well as day-to-day records. We will monitor your financial records, budget overheads, invoice management, income tax, and VAT.

TRACK YOUR BUSINESS FINANCES WITH EASE

What are Bookkeeping Services in the UAE?

Bookkeeping is the process of having track of all the financial transactions of a business. This would cover things like consumer receipts & invoices, supplier payments, staff wage distribution, and more. Bookkeepers are responsible for ensuring that all financial records are accurate and up-to-date.

LET US MAKE BOOKKEEPING ORGANIZED FOR YOU

Why Do You Need Bookkeeping Services for Your Business in the UAE?

Bookkeeping is another vital aspect of a business, it helps you make your financial transactions more organized and simplified. It also ensures faster audits and analysis which is very important when you want to have 360-degree awareness of your business finances.

It also forms the backbone of the business especially when it comes to paying taxes because it makes sure that even a minute detail is not missed in the company ledgers as it may cost you later.

So why go through all the inconvenience? Speak to our experts at Projectfrpjsc who have expertise in the domain and can assist you with organizing the financial data for your business and making sure you are having accurate records of all transactions.

CHOOSE THE RIGHT SERVICE FOR YOUR BUSINESS

Accounting vs Bookkeeping | How Do They Differ?

In simple words, maintaining, and recording all financial transactions in a company’s entry book is referred to as bookkeeping. On the other hand, accounting refers to the process of interpreting, analyzing, summarizing, and reporting a business’s financial transactions using the data from the entry books.

Moreover, the source for bookkeeping are invoices, bills, receipts, and other transaction evidence, whereas accounting uses the reports and data given by a bookkeeper.

Major Reasons to Choose us | Our USP

Are you worried about the hassles of accounting and bookkeeping services in the UAE? Don’t be!

Rich experience

The in-house team at Projectfrpjsc comprises finance controllers and CAs with a rich experience of 15 years.

Routine Synchronization

We constantly remain in sync with you and send reminders so that you don’t miss the deadlines for filing taxes.

Compliance checks

We ensure that you meet all compliance checks and fulfill the requirements as per UAE laws and regulations.

Virtual CFO

Projectfrpjsc offers ideal virtual CFO solutions. We focus on cash flow, accounting, and financial advisory to help you make better monetary decisions.

UAE to Introduce the Federal Corporate Tax law From 1st June 2023

The UAE government announced the introduction of the federal corporate tax law in January 2022. This launch will be a significant change to the existing law of the country since it has been attracting several foreign investors with the ‘Zero tax’ structure.

So, what is the new law that will be implemented from June 1, 2023? Currently, the government intends to impose a 0% company tax on taxable income up to AED 375,000. This tax rate is further intended to assist emerging start-ups and small businesses in the UAE.

Therefore, taxable income over AED 375,000 will be subject to a tax rate of 9%.

When foreign businesses conduct their activities in a regular manner in the UAE, they will be subject to corporate tax. Furthermore, all sorts of profits reflected in financial statements prepared in accordance with generally accepted accounting principles are subject to corporate tax.

The post Accounting & Bookkeeping Services appeared first on Business Setup Consultant in Dubai | Projectfrpjsc.