Accounting Services in Dubai
OUR SERVICES
ACCOUNTING AND FINANCE
Accounting Services
We handle your company’s complete accounting management, ensuring compliance with local regulations and accurate presentation of financial information.
Fixed Assets Management
We supervise and record your fixed assets with precision, ensuring proper valuation and efficient control to optimize your company’s profitability.
General Accounting
We manage your company’s daily accounting — from journal entries and balances to monthly closings — with full transparency and professional accuracy.
Preparation of Financial Statements
We prepare clear financial statements in line with international standards to provide an accurate and updated view of your company’s financial health.
ESR, FATCA and CRS Compliance
We help you comply with international tax obligations (ESR, FATCA, and CRS), avoiding penalties and ensuring proper report submission.
Audit Services
We perform financial and compliance audits that build confidence, transparency, and credibility in your business operations.
Transfer Pricing Studies
We analyze related-party transactions to ensure they comply with UAE tax regulations and the principles of fair market value.
ADVANTAGES OF OUR ACCOUNTING SERVICES IN THE UAE
Time and Resource Savings
Delegating your accounting to us allows you to focus on managing and growing your business while we handle daily bookkeeping and tax filings.
Access to a Trusted Local Network
Thanks to our presence and experience in Dubai, we connect companies with local banks, authorities, and strategic partners, facilitating all administrative procedures.
Specialized Multidisciplinary Team
We have lawyers, accountants, and financial advisors experienced in the UAE, capable of handling both the legal and operational aspects of your business in a coordinated manner.
Personalized Service
We offer direct support at every stage, adapting solutions to each client’s specific needs and ensuring a quick response in every process.
Experience in the Emirati Market
With years of experience working with European and international companies, we have in-depth knowledge of the UAE’s legal, tax, and administrative environment.
Complementary Services
We also provide support in taxation, company formation, license renewal, and visa management, among many other services.
¿WHO ARE WE?
With a solid track record working with international companies and those based in the United Arab Emirates, at LorcaBase we specialize in assisting our clients with the incorporation, restructuring, and expansion of businesses in the Middle East. We also provide accounting and tax consulting services, with a particular focus on European companies.
In addition, we offer specialized advice to clients seeking to invest in real estate in the region, efficiently managing all fiscal and administrative requirements.
At LorcaBase, we take pride in being a driving force for positive change in the business world. Our company offers a unique combination of strategic vision, innovation, and access to a favorable business environment in Dubai, creating the perfect foundation for business success.
Marina R. L.
WHO SHOULD OUTSOURCE ACCOUNTING IN DUBAI?
| Profile or Situation | Main Need | How a Local Team in Dubai Helps |
|---|---|---|
| Freelancers and Microbusinesses (1–3 employees) | Basic accounting management, tax filings, and maintaining residency or bank account in Dubai. | We handle your monthly accounting, register VAT with the FTA, and monitor deadlines to maintain your residency status without issues. |
| Digital Businesses (marketing, e-commerce, content creation) | Control of international income, VAT management, and payment gateway reconciliation. | We centralize multichannel accounting, correctly apply the 5% VAT, and ensure clear financial reporting for decision-making. |
| Startups in Free Zones without a Finance Department | Preparation of monthly reports, budgets, and investor or partner reporting. | We provide outsourced CFO-type services, IFRS-based reporting, and ongoing financial advice tailored to your company’s growth stage. |
| International Companies Operating in the UAE | Local compliance (ESR, FATCA, CRS) and multi-currency invoicing aligned with the home country. | We translate UAE fiscal requirements into clear operational processes and coordinate directly with local authorities and banks. |
| Subsidiaries with a Small Office or Team in Dubai | Reporting to headquarters and reconciliation of group intercompany transactions. | We maintain local books under IFRS, prepare consolidated reports, and manage intercompany operations without delays. |
| Holdings or Investment Companies | Minimal accounting maintenance and compliance with Economic Substance Requirements (ESR). | We reduce administrative burden and ensure all documentation required to meet UAE regulatory obligations is in place. |
| Companies with Related-Party Transactions | Transfer pricing compliance and supporting documentation. | We prepare transfer pricing studies and align your policies with UAE tax regulations and international standards. |
| Non-Resident Directors and Owners | Local tax representation and control of accounting, tax, and license renewal deadlines. | We act as your direct liaison with authorities, manage taxes, and ensure licenses remain valid and renewed on time. |
| Companies Expanding or Undergoing Restructuring | License migration or zone change (Free Zone ↔ Mainland) without losing accounting history. | We reorganize your accounting structure, manage zone transfers, and ensure fiscal and operational continuity. |
| Businesses with Growing Staff and Visas | Payroll management, WPS compliance, and end-of-service (EOSB) calculations. | We process payroll in line with labor law, submit WPS reports, and calculate end-of-service benefits accurately. |
| Entrepreneurs Seeking to Reduce Administrative Costs | Outsource accounting and receive tax support with predictable costs. | We offer monthly plans with continuous support, reducing internal structures while ensuring professional accounting management. |
| Independent Professionals or Consultants with International Clients | Management of income in multiple currencies and compliance with UAE tax residency requirements. | We prepare reports tailored to your international billing and ensure the documentation needed to maintain tax residency. |
TYPES OF COMPANIES WE MANAGE
Sole Establishment
In individual companies, delegating accounting allows you to focus on your core activity while a specialized team properly manages VAT, financial reports, and license renewals.
Offshore companies require precise accounting management to maintain regulatory compliance and demonstrate economic substance to the authorities; relying on local experts is essential to avoid penalties.
Free Zone
Companies registered in free zones must comply with specific regulations and periodic audits; working with local accountants ensures accurate reports and submissions within the deadlines set by the zone.
Mainland LLC
Mainland companies are subject to broader tax and labor requirements; a local accounting team facilitates VAT management, payroll, and financial reporting, ensuring compliance with UAE legislation.
WHAT ACCOUNTING DIFFERENCES EXIST BETWEEN FREE ZONE AND MAINLAND?
Accounting obligations vary depending on the type of license and the jurisdiction in which the company operates. In Free Zones, authorities require maintaining up-to-date financial records, submitting audited reports annually, and complying with International Financial Reporting Standards (IFRS).
However, audits are usually simpler and requirements more flexible, especially for companies with few employees or limited activity within the zone.
In contrast, Mainland (LLC) companies are subject to stricter oversight by UAE tax authorities. They must record all local operations, file VAT returns periodically, and ensure transparency in their financial statements.
Additionally, some business activities require mandatory audits and the formal submission of reports to the Ministry of Economy.
WHEN IS IT A GOOD IDEA TO CONDUCT A FINANCIAL AUDIT?
Requesting a financial audit for companies in Dubai is not only a requirement in certain cases but also a strategic tool to ensure transparency and the financial health of the business. In Dubai, many Free Zones and Mainland authorities require annual audits as a prerequisite for license renewal or to demonstrate compliance with accounting and tax regulations.
1. Mandatory Regulatory Compliance
Several Free Zones and Mainland authorities in Dubai require annual audits as a prerequisite for license renewal or to verify accounting and tax compliance.
2. Growth Processes
Audits strengthen credibility with investors, financial institutions, or strategic partners by providing a clear view of the company’s economic situation.
3. Review of Internal Controls
Helps identify accounting errors, poor practices, or financial risks before they result in legal issues or economic losses.
4. Business Restructuring
An audit facilitates mergers, acquisitions, or share sales by providing reliable, verifiable data on the company’s true financial status.
5. Tax Management Optimization
Through record analysis, the company can identify tax-saving opportunities, improve operational efficiency, and plan for the next fiscal year.
REVIEWS ABOUT OUR ACCOUNTING AND FINANCE SERVICE...
WHAT OTHER RELATED SERVICES DO WE OFFER?
Company Formation in the UAE
We guide our clients throughout the entire process of company formation in the UAE, ensuring full legal and tax compliance from day one.
Corporate Solutions
We offer customized corporate solutions that include bank account openings, license management, visa processing, company liquidation, and other services.
Taxation
Our tax team optimizes your company’s tax structure, ensuring compliance with tax regulations and maximizing the benefits of operating in a tax-free environment.
M&A
We provide advisory services for mergers, acquisitions, or business sales, carrying out thorough financial and legal analyses to ensure secure and efficient transactions.
FAQs
How long must accounting records be kept in the UAE?
or mainland companies, the law requires keeping records for a minimum of 5 years. If the records relate to tax obligations (such as corporate tax or VAT), retention may extend up to 7 years.
What is the deadline for companies to submit audited financial statements?
It depends on the jurisdiction. In many free zones, the obligation is to submit financial statements within 90 days after the end of the fiscal year.
In the mainland, it is usually between 4 to 6 months after the fiscal year-end.
Can audits be performed “in-house” without an external firm?
No. Mandatory audits must be conducted by authorized or licensed audit firms approved by the relevant UAE authorities.
Are companies in free zones always exempt from audits?
No. Some free zones require mandatory audits for companies wishing to maintain tax benefits or renew licenses — for example, the Dubai Multi Commodities Centre (DMCC) or the Jebel Ali Free Zone Authority (JAFZA).
How is accounting handled for companies with international invoicing?
We supervise income and expenses in different currencies, apply VAT or other applicable taxes, adapt accounting books to international standards (IFRS), and prepare detailed reports for headquarters or investors.