Key Facts
Process
Make Fortune Team
All-in-One Solution
Tax Support
Preparation and Filing of Tax Returns
LEGAL SUPPORT
Shareholder disputes & exits
Powers of attorney, wills, notarization
Visa support
Legal consultation
F A Q
Can Accounting Records Be Restored if They Haven't Been Maintained for Several Months or Years?
Constitutional documents, shareholder agreements, clear partner/client contracts (NDAs, commercial agreements), and asset protection tools such as wills registered with the DIFC Wills Service Centre, trusts, or foundations.
What Documents Are Required to Restore Accounting Records?
We usually require bank statements, invoices and contracts. Additional documents may be needed depending on the company’s business activities and tax status. After an initial review, we will provide a complete list of the documents required for your case.
How Long Does It Take to Restore Accounting Records?
The process usually takes between three days and one month, depending on the volume of work and the condition of the available records. We will assess the situation at the outset and provide an estimated timeframe. The process may take longer if the required documents or information are not provided on time.
Can Accounting Records Be Restored if Some Documents Are Missing?
Yes. In many cases, missing information can be reconstructed using: Bank statements Payment confirmations Contracts Supplier reconciliations Customs documents Business correspondence Data from accounting systems Our team will identify acceptable alternative evidence and explain any remaining accounting or tax risks.
What Penalties Can Be Imposed in the UAE for Missing or Improper Accounting Records?
Failure to retain documents and information required under UAE tax legislation may result in a penalty of AED 10,000 for each violation. If the same violation is repeated within 24 months, the penalty may increase to AED 20,000.Additional penalties may apply for the late or incorrect filing of tax returns, failure to pay tax, or failure to cooperate during an FTA audit.As an FTA-registered tax agent, Make Fortune can assess the potential risks and recommend the corrective actions required.
How Much Does It Cost to Restore Accounting Records?
Our accounting records reconstruction services start from AED 3,000. The final fee depends on the period to be reconstructed, the number of transactions and bank accounts, the company’s tax status and the condition of the available records. Following an initial review, Make Fortune will confirm the scope of work, estimated timeframe and cost in a clear proposal.
Can You Help Prepare and File Overdue Tax Returns and Financial Reports?
Yes. Once the accounting records have been reconstructed and reconciled, we can prepare: Overdue VAT and Corporate Tax returns Financial statements Management accounts Documents required for an audit If previously filed tax returns contain errors, our FTA-registered Tax Agent will assess whether an amendment, voluntary disclosure or other corrective action is required.
Can Accounting Records Be Restored Remotely?
Yes. The entire process can be completed remotely. Our team will organise the secure exchange of documents, request any missing information and keep you informed of the progress. Once the work is complete, we will provide the reconstructed accounting records and prepared reports electronically.
Do Taxes Need to Be Recalculated After Restoring Accounting Records?
In many cases, yes. The reconstruction process may reveal unrecorded transactions, incorrect VAT treatment, unsupported expenses or errors in previously filed tax returns. Make Fortune can recalculate your VAT and Corporate Tax liabilities, while our FTA-registered Tax Agent will determine whether any previously filed returns need to be corrected.
