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Accounting services in UAE

Name: Make Fortune Business Solutions
Address: 901, Boulevard Plaza Tower 2 - Downtown Dubai, Dubai, AE
Telephone: +971553514324
Rating: 5

The accounting team at Make Fortune is certified in international financial reporting standards, ensuring a high level of quality in managing your financial documentation.

During your very first consultation, we will clearly and freely explain all necessary procedures so that you are fully informed about every step.

We monitor all deadlines and changes in UAE legislation, prepare financial statements, and handle your accounting, allowing you to focus on growing your business.

Our office is located in the heart of Dubai, right across from the Burj Khalifa, making us easily accessible for meetings and consultations.

Corporate Tax

As of June 1, 2023, a new corporate tax has been introduced in the UAE, levied on companies' net profits. This change has brought additional responsibilities for many business owners that must be understood and complied with. The Make Fortune team offers a full range of services for UAE corporate tax registration and filing of corporate tax returns. We help you navigate the new requirements, ensuring all necessary procedures are completed correctly and on time to stay compliant with UAE tax regulations.

Key highlights of the new corporate tax in the UAE:

Taxable Base

The tax applies to the profits of resident entities, both from within the UAE and abroad. For non-residents, only income derived from UAE sources is subject to taxation.

Who is Subject to the New Corporate Tax?

Legal entities registered in the UAE. Foreign companies effectively managed from within the UAE. Individuals conducting business activities in the UAE.

Corporate Tax Rates

0% for taxable income not exceeding AED. 375,000 9% for income exceeding this threshold.

What Income Is Exempt from Taxation?

Dividends and other forms of profit distribution. Income earned by non-residents from the operation of passenger ships and aircraft. Participation income, income from foreign permanent establishments, and certain other categories—provided specific conditions are met.

Are Free Zone Companies Subject to Corporate Tax?

Companies registered in UAE free zones may be exempt from corporate tax if they qualify as a “Qualifying Free Zone Person.”

Corporate Tax Registration

Any legal entity registered in the UAE must apply for corporate tax registration within the prescribed timeframe. Failure to do so will result in a fine of AED 10,000.

Taxable Base

The tax applies to the profits of resident entities, both from within the UAE and abroad. For non-residents, only income derived from UAE sources is subject to taxation.

Who is Subject to the New Corporate Tax?

Legal entities registered in the UAE. Foreign companies effectively managed from within the UAE. Individuals conducting business activities in the UAE.

Corporate Tax Rates

0% for taxable income not exceeding AED. 375,000 9% for income exceeding this threshold.

What Income Is Exempt from Taxation?

Are Free Zone Companies Subject to Corporate Tax?

Companies registered in UAE free zones may be exempt from corporate tax if they qualify as a “Qualifying Free Zone Person.”

Corporate Tax Registration

Any legal entity registered in the UAE must apply for corporate tax registration within the prescribed timeframe. Failure to do so will result in a fine of AED 10,000.

Value Added Tax (VAT) in the UAE

In the UAE, VAT applies to a broad range of goods and services. Proper VAT accounting requires an understanding of which transactions are taxable and the differences between the standard rate, zero rate, and exempt supplies.

What Is Subject to VAT?

Rental and sale of commercial property. Sale of goods within the mainland UAE. Services provided within the UAE. Import of goods into the UAE

VAT Rules for Free Zones

In designated UAE free zones, transactions may be exempt from VAT if goods or services remain within the zone. However, VAT is applied when goods are moved to the mainland, consumed within the zone, or modified.

AT Registration for Exporters

Exporting companies in the UAE must register for VAT if their turnover exceeds AED 375,000—even if all their supplies are zero-rated.

Who Must Register for VAT in the UAE?

Companies and individuals conducting business in the UAE with an annual turnover exceeding AED 375,000. Voluntary registration is allowed for those with turnover or expenses exceeding AED 187,500

VAT Registration for Free Zones

In standard free zones, companies are subject to the same VAT registration rules as mainland businesses, and must register if their turnover exceeds AED 375,000.

Penalties

Companies that fail to register for VAT within the required timeframe are subject to a fine of AED 20,000 for late registration. Additional penalties may apply for delays in filing VAT returns or making tax payments.

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Company Accounting Restoration Process in the UAE

If your company has not maintained proper accounting records for an extended period, Make Fortune is ready to help. Our specialists use professional accounting software to restore and structure your financial data, ensuring all tax declarations are accurately prepared in line with current UAE regulations.

Collection of Initial Information

Define the period requiring restoration and gather all necessary documents.

Work Assessment and Agreement

Evaluate the scope of work, discuss timelines and service costs, and confirm the terms.

Accounting Restoration Execution

Restore accurate records of income and expenses, assets and liabilities, depreciation, long- and short-term debt, investments, and other financial activities.

Preparation of Financial Statements

Generate the profit and loss statement, balance sheet, cash flow statement, and reconciliation reports with suppliers and clients.

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Получите профессиональную помощь по ведению бизнеса в ОАЭ

Pricing Plans

At Make Fortune, our accounting service package is flexible and can be customized to suit the specific needs of your company. Speak with our specialists to define the right solution for your business.

Start

from AED 1,500

Financial reporting

Transaction recording

Corporate tax registration

Assistance with software setup

Audit support

Updates to FTA records

Personal consultation

Business

from AED 2,200

Financial reporting

Transaction recording

Corporate tax registration

Software setup assistance

Audit support

Amendments with the FTA

Personal consultation

Payroll management

Tax return filing

Premium

from AED 2,900

Financial reporting

Transaction recording

Corporate tax registration

Software setup assistance

Audit support

Amendments with the FTA

Payroll management

Ведение заработной платы

Tax return filing

Monthly monitoring of the tax threshold

WPS registration

Direct chat with a senior accountant

Hot offer 🔥

For Small Businesses (Accounting + Tax Return)

AED 4,990

Bookkeeping recovery for 2024

Corporate Tax return filing

Free consultation

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Additional Services

Obtaining a Tax Residency Certificate (TRC)

In the UAE, a Tax Residency Certificate can be obtained by both individuals and legal entities, serving as an effective way to reduce tax burdens for entrepreneurs and company owners. This status allows the use of tax treaty benefits with over 100 countries worldwide.
The certificate, issued by the UAE Federal Tax Authority, is country-specific—intended for use with a nation that has a double taxation avoidance agreement with the Emirates—and is valid for one year.

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Audit Report

With the introduction of Corporate Tax in June 2023, most companies in the UAE are now required to submit an annual audit report.

Make Fortune partners with independent, certified audit firms in the UAE to ensure full compliance.Our specialists will provide comprehensive support throughout the audit process.

Request a Consultation

Registration in the WPS System

The Wage Protection System (WPS) has significantly improved payroll processes in the UAE, setting high standards for employer-employee relations. This system has contributed to economic stability and strengthened the country’s appeal to foreign investors, becoming a model for Gulf countries.
Make Fortune offers assistance to your business in integrating and using this advanced management solution, helping you avoid potential fines and increasing employee loyalty.

Request a Consultation

Obtaining a Tax Residency Certificate (TRC)

Request a Consultation

Audit Report

With the introduction of Corporate Tax in June 2023, most companies in the UAE are now required to submit an annual audit report.

Make Fortune partners with independent, certified audit firms in the UAE to ensure full compliance.Our specialists will provide comprehensive support throughout the audit process.

Request a Consultation