We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
Free-trade zone in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are more than 30 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses.
Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country’s Foreign Direct Investment (FDI). As for other Free Zones in Dubai, the Dubai Multi Commodities Centre (DMCC) has 7,330 active registered companies (as per 2013), offers a retention rate of 94 percent, and estimates an application of over 200 companies every year.
The Dubai International Financial Centre (DIFC) is another jurisdiction demonstrating the growth of expansion. It contributes 12 percent to the GDP of Dubai and has an estimated a growth rate of 27 percent (as per 2015). The authorities speculate that the region will triple in size by 2024. Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media City.
If you hire a dedicated or full-time accountant in UAE can cost a lot and has associated expenses such as monthly salary, travel cost like visa, tickets etc, Emirates ID and labour contract fee, gratuity provisions, mandatory medical insurance, annual leaves, training expenses and overtime benefits. In case you decide to hire our services, we give you an option of a fixed monthly fee that is tailored according to your specific requirements and hence that becomes a more cost-effective and affordable choice
We, at Alya, boast of a team of expert professionals who are experienced and qualified accountants. When you outsource your accounting and bookkeeping services in Dubai, you get services from expert professionals in this field. Therefore, you can expect better quality and timely completion of the tasks.
For most small-to-medium sized businesses, back-end accounting functions can be an unnecessary distraction. Outsourced accounting services gives focus to the things that can really drive growth for your business.
Reporting errors can be very costly. The penalties and interest charges for payroll and income tax mistakes are staggering. Litigation expenses and judgments levied against an entity can literally put it out of business overnight. Placing the responsibility for these types of expenses on trained professionals will greatly limit the risk of losses to your organization.
Specific to your requirements and preference, our team can plan to visit your office on a regular basis – may be fortnightly, monthly basis to work on your books of accounts. We can also assist you remotely in completing your accounting work. By outsourcing your accounting and bookkeeping functions to an agency helps you to focus on bigger tasks like business development and saves your precious time.
When you outsource your accounting and bookkeeping services in Dubai, you have more chances and scope for scalability. Some accounting services you will need continuously, however other services you It’s so easy to scale or alternatively cutback when you outsource your accounting. Business owners can react quickly to the demands of their business in a way you just can’t when you have an in-house finance team.
Understanding your business nature and working for you with respect to the need of your business by adhering to the law in UAE, Dubai
We’ll let you know when your accounts are due and ask for your bookkeeping records.
After your accounts are completed, they’ll be checked by a Senior Accountant to ensure they’re accurate.
ALYA streamlines your accounting process thus helps in reducing the financial risks of your business.
Once we’ve received your approval, we’ll help you to submit your accounts and tax returns to FTA. Job done!