Best Low Cost Bookkeeping and Accounting Firm in Dubai, UAE

As a team of chartered accountants in Dubai, we take pride in keeping the financial transactions and records up–to–date and accurate, allowing key decision makers to rely on management reports that bring cost reduction, consolidated accounting processes, and improvement of efficiency and compliance; enabling stakeholders to focus on where it matters.

Our Expertise

• Accounting and Bookkeeping Services
• Online Accounting/Onsite Accounting
• Backlog Accounting
• Accounting Documentation and Compliance
• Accounting System Set–Up and Training
• Budgeting and Forecasting
• Financial Statement Preparation
• Customized MIS Reports
• Vat Compliance and Return Filling

We think of our clients as our partners, we collaborate with them not as an external firm but as an extended team, adding value to their businesses. We currently provide accounting support to more than 50 clients in trading, construction, real estate, healthcare, logistics, and other services.

If your business is registered under commercial company law in UAE, it is compulsory for you to maintain all your financial transaction records in the prescribed format. Our team will help you to prepare books of account from the date of incorporation of business till the current date; as you provide all the necessary supporting documents; consisting of all the original purchase and sales invoices, payment and receipt vouchers, bank statements from the start of business and record of all the check books used during the period. Our team of experts will update all the records in your company’s accounting software. You will be provided with the following financial reports:

• Balance Sheet or Statement of Financial Position
• Statement of Cash Flow
• Details of the Company’s Accounts Receivable
• Details of the Company’s Accounts Payable
• Efficiency Reports
• Calculation of Variances and Output Analysis
• Calculation of Financial Ratios and Analysis
• Calculation of the Break-even Point for the Company

Accounting involves analyzing, interpreting, and reporting financial data, while bookkeeping focuses on recording daily financial transactions such as sales, purchases, and expenses.

VAT registration with the UAE Federal Tax Authority is mandatory for businesses whose taxable supplies and imports exceed AED 375,000 in any 12-month period or are expected to exceed that threshold in the next 30 days. Voluntary registration is available for businesses with taxable supplies above AED 187,500 annually. Most UAE-based companies providing goods or services to UAE customers will reach the mandatory threshold once trading begins. AB Capital is an FTA Approved Tax Agency (Tax Agent Number 30008239) and handles VAT registration, TRN issuance, and all subsequent return filings.

The UAE corporate tax rate is 9% on taxable income above AED 375,000 per financial year. Income up to AED 375,000 is taxed at 0% — providing relief for startups and small businesses. The regime applies to all UAE juridical persons from the first financial year starting on or after 1 June 2023, including mainland and free zone companies. Qualifying Free Zone Persons may qualify for 0% on qualifying income if they meet specific substance and activity conditions. All UAE companies must register for corporate tax with the FTA regardless of whether they expect to pay tax.

An FTA Approved Tax Agent is an individual or firm licensed by the UAE Federal Tax Authority to represent taxpayers in dealings with the FTA — including VAT registration, return filing, objections, and audit proceedings. AB Capital Services FZC is an FTA Approved Tax Agency and Bharat Bajaj holds FTA Tax Agent Number 30008239. An FTA-approved agent can communicate directly with the FTA on your behalf, submit registrations and returns through the official agent portal, and represent you in FTA audit proceedings. Non-approved advisors and accountants cannot perform these functions.

UAE companies are legally required to maintain accurate financial records for a minimum of 5 years from the end of the relevant financial year. Under the UAE Corporate Tax Law, records must be sufficient to verify taxable income, allowable deductions, and tax liability. Required documentation includes sales and purchase invoices, bank statements, payroll records, and annual financial statements. VAT-registered businesses must additionally maintain tax invoices, credit notes, and import and export documentation. AB Capital’s bookkeeping service maintains all required records in compliance with both VAT and corporate tax obligations.

Most UAE VAT-registered businesses file quarterly VAT returns — on a 3-month tax period basis assigned by the FTA at registration. Returns must be filed and any VAT liability paid within 28 days of the end of the tax period. Some businesses are placed on a monthly filing cycle based on turnover or sector. Late filing results in administrative penalties starting at AED 1,000 for the first offence. AB Capital manages VAT return preparation, review, and submission for all compliance clients, tracking deadlines proactively.