WHY YOU NEED DMCC FREE ZONE APPROVED AUDITOR?

Dubai Multi Commodity Centre (DMCC) is a free zone for the business to operate in Dubai and it was launched in 2002 by the government of Dubai. Businessesand traders are dealing in precious commodities like diamond, gold, colour stones, pearls and other precious things can register their self in DMCC. DMCC is a managing body who ensures the operations of trades are in line with the international and local law.
RBS Group’s auditors are top listed in the DMCC free zone approved auditor list by the government of Dubai. Our auditing reports are detailed and effective as we have professional and experienced auditors in Dubai.
Companies running in the DMCC free zone have to follow the some different rules and regulations as a free zone has its own rules and regulations. For example, DMCC free zone companies can get audit report from only DMCC free zone approved auditor. The auditing report from other auditor will not be entertained for DMCC companies.
Auditing is mandatory according to laws of DMCC for companies that fall in DMCC. According to DMCC rules, every registered company should carry out an audit by approved auditors in Dubaionce in every fiscal year and upload auditing report with other documents on the DMCC website within the 90 days after completion of every financial year.
If a company fails to provide an audit report within 90 days, a fine will be imposed or cancellation of licence. An auditor can ask for additional documents and original at any stage to carry out smooth and genuine audit. Un approved auditors are harmful for the DMCC companies as companies are violating the DMCC rules and regulations. For your information documents related to Memorandum of association, Bank statements, balance confirmation, cash books, expense bills, sales invoices, invoices and purchase bills are required during the audit.

How RBS Group can help you?

Our auditing teams are experienced and know the every detail of the laws of DMCC.RBS groupfollows the rules of International Standard on Auditing (ISA) as well as DMCC’s rules in creating auditing reports.
It is our duty to highlight the causes of any lose and mistakes to avoid in future. If you are worried that your company data will be leaked in auditing, we assure you that we follow the laws strictly. We do not compromise the independence of the company’s audit.

FACTORS TO CONSIDER WHEN HIRING A VAT CONSULTANCY FIRM

Auditors-in-Dubai
With the introduction of VAT and excise tax in the market firms run at risk of making huge loses or getting into trouble with the law. The VAT is the value-added tax to the commodities to make revenue while the excess tax is charged to commodities that are discouraged such as the tobacco. With this kind of risk companies seek consultancy. There are several firms that offer such kind of services like the RBS team you can visit rbsaccounting.com found in Dubai. It offers services to the U.A.E due to the numerous growths of business firms along with the populous cities that is Dubai, Sharjah, and Ajman. All companies which earn a certain amount of money should register with VAT and pay excise tax. Due to this, they require a consultant and rbsaccounting.com offer the service of VAT and excise tax in Emirates.
There are many factors considered when choosing a VAT and consultancy firm ranging from internal to external factors that are beyond firms’ control. The following are some of the factors that are checked when in need of acquiring a firm.

1. The credibility of the firm

The credibility of the firm is determined by its former clients served by it. Anybody seeking VAT& excise consultants in Dubaishould choose the one held on high status in society and has a good reputation. Other places to get this information is from social media and if possible, doing manual questionnaires.

2. Accessibility

When choosing a consultancy firm, the factor of distance should be put into consideration. The far the firm is it means more traveling to consult. This becomes an expense that can be avoided hence the one nearby should be highly considered.

3. Fee charged

Many business firms usually have fixed budgets to their expenses hence a firm should consider VAT consultancy services in Sharjah that are in line with their calculated budget to avoid making a loss.

4. Personnel

Before settling for a firm, you should carry out research to understand their staff. Things to consider are like the level of education and their experience in that field. Qualified staff means they can deliver quality service that best suits the market. With that in mind, you can secure a competitive VAT and excise consultant firm such as the renown one when you visit rbsaccounting.com. They offer other things related to VAT consultancy services in Dubai.

ECONOMIC SUBSTANCE REGULATIONS

1. “Economic Substance Regulations”

On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, “the Regulations”), requiring all in-scope UAE entities (“Relevant Entities”) that carry on certain activities (“Relevant Activities”) to have demonstrable economic substance in the UAE from 30 April 2019.

PAY HEAVY DUES OR QUIT !!!!!!

The Federal Tax Authority (FTA) has shared a public clarification related to the below: Excise Tax obligations for stockpilers of sweetened drinks, electronic smoking devices and tools, or liquids used in such devices and tools, which are held for business purposes on the date Cabinet Decision No. 52 of 2019 on Excise Goods, Excise Tax Rates and the Methods of Calculating the Excise Price comes into effect i.e. 1 December 2019

ACCOUNTING SERVICES IN DUBAI YOU NEED TO KNOW ABOUT

Data Collection

Knowledge is power

In our days, knowledge is not only power, but it is also money. This is why we’re here to provide you with the best information that’s going to earn and save you money. Dubai is for companies what heaven is for people. Low taxes, great infrastructure, and all that jazz. If you haven’t checked the privileges that your business can be afforded there we suggest that you do so immediately. If you already know what we’re talking about, which you most likely do, let’s talk about accounting for a moment.
It’s crucial for any businessman that wants to succeed to have his accounts in order. It not only earns the business trust but it also helps solve problems and avoid the creation of problems in the future. This is why many businesses hire their own accounting department. But, if you’re not that into starting the long, hard and arduous process of recruitment you can delegate to others. This is what we’re suggesting. To be more precise, we’re suggesting the RBS group. A group of professional chartered accountants whose work is very well known and appreciated in the United Arab Emirates. They’ve worked with many national and international companies, so you won’t be getting only their accountant business but also- possibly- their networking. Two birds with one stone, that’s as good as it gets folks!
While we remain focused on Dubai (Because it’s awesome) they’re also very well known for their accounting services in Sharjah which as you may know is a significant part of the Dubai- Sharjah- Ajman metropolitan area. Let us expand on that. There are many businesses in said metropolitan area due to the creation of the “free-zones” by the U. A. E. government. Use RBS and be certain that not only you’ll be gaining trust by other companies (Which you may need to cooperate with) but that you’ll be able to trust them as well. A niche commonality like that cannot be ignored when conducting business.

Recap

It’s crucial that you maintain financial control of your own business. But you cannot do everything on your own so do what sets apart leaders from followers. Find talent and relegate. There’s nobody that you’ll find to be more suitable than RBS in accounting services in Dubai and Sharjah. They’ll take care of your payroll, help you recognize any issues and identify ways to grow. These kinds of services are vital. So go for it!

 
 

MONTHLY ACCOUNTING SERVICES IN DUBAI

Accounting

Monthly accounting services in Dubai

To enhance your business and to make you a successful businessman, RBS Group in Dubai is offering its accounting services for 24/7. Since Dubai is offering multi monthly accounting services in Dubai to multi businesses, so we will mention some top-quality accounting services offered by RBS below.

Taxation service: This is the basic service provided by bookkeepers. When you are doing business in UAE, then the government imposes the tax on you. To anticipate the tax, the company needs Dubai experts. These Dubai experts are the bookkeepers, who have a broad knowledge of tax so he can help the company by making him/her familiar about the tax

Monthly bookkeeping services: These are also the basic services provided by Dubai bookkeepers regarding the business. The bookkeepers will keep track of your expenses records, supplies records, sales records, income records, output records, and all the descriptions related to these terms.

Account payable service: These services are the major part of each business, which is offered by Dubai banks. According to these services, you can open your bank account to receive, withdraw, and your payment.

Account payable service: These services are the major part of each business, which is offered by Dubai banks. According to these services, you can open your bank account to receive, withdraw, and your payment.

Visa services: Dubai offers a visa service for an investor or partner service. It is one of the unique services offered by Dubai, and it is also a great service for those who want to start a business in Dubai. To enjoy that service, all you need to fulfill certain criteria to apply for a visa and submit a security deposit.

Visa services: Dubai offers a visa service for an investor or partner service. It is one of the unique services offered by Dubai, and it is also a great service for those who want to start a business in Dubai. To enjoy that service, all you need to fulfill certain criteria to apply for a visa and submit a security deposit.

Pro services: These services are very useful for ones, who are new to Dubai and business. In this service, you will get to know everything regarding doing business in Dubai. For example, required documents for visa, VAT registration in Dubai, Criteria and documents required for getting the business license.

Set a business in Dubai: If you want to have an office at rent to start a business in Dubai, then you must need to get a business license. RBS Dubai will offer you an office at affordable rent so you can start a business in Dubai. There are a lot of companies which offer you to rent the office but it’s best to contact RBS Group.

For setting up your business properly and succeed in it, it’s best to consult RBS Group team which is made of professionals with many years of working experience. You’ll be satisfied no matter what do you want: to grow your business or to protect it.

TAXATION SERVICE

Tax services
This is the basic service provided by bookkeepers. When you are doing business in UAE, then the government imposes the tax on you. To anticipate the tax, the company needs Dubai experts. These Dubai experts are the bookkeepers, who have a broad knowledge of tax so he can help the company by making him/her familiar about the tax.

MONTHLY BOOKKEEPING SERVICES

bookkeeping
These are also the basic services provided by Dubai bookkeepers regarding the business. The bookkeepers will keep track of your expenses records, supplies records, sales records, income records, output records, and all the descriptions related to these terms.

ACCOUNT PAYABLE SERVICE

Accounting
These services are the major part of each business, which is offered by Dubai banks. According to these services, you can open your bank account to receive, withdraw, and your payment

VISA SERVICES

E-Visas
Dubai offers a visa service for an investor or partner service. It is one of the unique services offered by Dubai, and it is also a great service for those who want to start a business in Dubai. To enjoy that service, all you need to fulfill certain criteria to apply for a visa and submit a security deposit.

Pro services

These services are very useful for ones, who are new to Dubai and business. In this service, you will get to know everything regarding doing business in Dubai. For example, required documents for visa, VAT tax, Criteria and documents required for getting the business license.