Accounting & finance
for companies in the UAE.
End-to-end accounting management that ensures regulatory compliance and accurate financial reporting. IFRS, VAT, Corporate Tax, ESR, FATCA/CRS and transfer pricing under a single bilingual team.
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Accounting and
financial services.
General accounting.
Journal entries, bank reconciliation, balance sheets and monthly closes. Books kept current and ready for inspection at any time.
Asset management.
Recording, valuation and depreciation of fixed assets under IFRS criteria. Efficient control of tangible and intangible assets.
Preparation of statements.
Preparation of annual financial statements compliant with IFRS. Balance sheet, P&L, statement of changes in equity and cash flow statement.
International tax compliance.
Filing of Economic Substance Reports, FATCA and CRS. International tax obligations met with precision and on time.
Audit services.
Financial and compliance audits with licensed firms. End-to-end coordination of the process with minimal operational friction.
Transfer pricing.
Transfer pricing studies: analysis of related-party transactions, master file, local file and country-by-country where applicable.
Continuous accounting
support.
Eight steps from initial onboarding through audited annual reporting. Clear calendar, no surprises.
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01
Onboarding
We analyze your company, activity, structure and volume. We design the optimal accounting workflow and delivery deadlines.
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02
Chart of accounts
We define the chart of accounts adapted to your sector, IFRS-compliant and aligned with UAE Corporate Tax requirements.
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03
Monthly bookkeeping
Journal entries, bank reconciliations, vendor and customer control. General ledger updated weekly or monthly.
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04
Monthly closes
Monthly balance sheet and P&L with commentary. The basis for management decisions, parent-company reporting and ongoing compliance.
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05
Tax filings
Quarterly VAT filings, annual Corporate Tax and ESR reports where applicable. Deadlines on a clear calendar.
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06
Year-end close
Preparation of financial statements under IFRS. Audit dossier preparation if required by your Free Zone.
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07
Audit coordination
Full support to the auditor with a licensed firm. We resolve queries, prepare supporting documents and sign off the dossier on time.
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08
Ongoing reporting
Periodic reports tailored to your parent company or board. Financial KPIs, dashboards and proactive alerts.
Advantages of outsourcing accounting.
Time savings
You free your team from accounting reporting so they can focus on commercial operations and growth.
Trusted local network
Access to our network of licensed auditors, banks and Emirati tax authorities — without having to build it from scratch.
Multidisciplinary team
Accountants, tax specialists and auditors working in coordination. One conversation to resolve multiple angles.
Personalized attention
A dedicated point of contact assigned to you. Fast response and individual follow-up — not just another file in a large firm.
UAE experience
Years operating in the local market. We understand the unwritten requirements of every Free Zone and tax authority.
Integrated services
Accounting + tax + audit + corporate. All under one firm to eliminate handoffs between providers.
Accounting obligations
by jurisdiction.
Comparison of obligations
| Aspect | Free Zone | Mainland |
|---|---|---|
| Accounting requirements | Up-to-date records, IFRS financial statements | Strict oversight, periodic VAT, mandatory transparency |
| Audit | More flexible: mandatory in DMCC, JAFZA, DIFC, ADGM; not in all | Mandatory for certain regulated activities |
| Authorities | Specific to each free zone | Ministry of Economy and FTA |
| Financial statements deadline | 90 days after year-end | 4 to 6 months after year-end |
| Records retention | Minimum 5 years | Minimum 5 years (7 for tax) |
| Corporate Tax | 0% if QFZP; 9% on non-qualifying >375K AED | 0% up to 375K AED; 9% above |
Applicable rules
for UAE accounting.
International accounting standards
- Mandatory
- IFRS for any company in the UAE.
- IFRS for SMEs
- Permitted for small and medium-sized enterprises.
- Functional currency
- Typically AED, but may be another currency depending on operations.
- Language
- English or Arabic. Official translation if required by the regulator.
Tax obligations
- VAT
- Standard rate 5%; mandatory registration >375K AED.
- Corporate Tax
- 0% up to 375K AED; 9% above; QFZP 0% on qualifying income.
- ESR
- Demonstration of economic substance for relevant activities.
- FATCA / CRS
- International reporting for financial entities and certain structures.
- UBO
- Mandatory ultimate beneficial owner registration.
Accounting with LorcaBase.
Bilingual team working from Dubai. Accounting, taxation and audit coordinated under a single technical lead, in your language.
Closed tax calendar
12-month planning with advance notice for every obligation: VAT, Corporate Tax, ESR, renewals.
Reports in English
Monthly reporting in English or bilingual EN/ES. Accounts you can read without language barriers.
Coordinated audit
Network of licensed auditors with recognized firms. Process coordination without operational friction.
International compliance
ESR, FATCA, CRS, transfer pricing. Cross-border tax obligations under control.
ERP integration
We work with Xero, QuickBooks, Odoo, SAP Business One, Zoho and others. No unnecessary migrations.
Predictable pricing
Fixed monthly or quarterly fee. No surprises and no billing for stray hours.
What else do we offer?
Corporate taxation.
Corporate Tax, VAT, QFZP, Economic Substance and double-taxation treaties with an integrated approach.
Discover → XIX · VATVAT Registration.
VAT processing with the FTA: mandatory >375K AED, voluntary from 187.5K AED, official TRN.
Discover → XX · AuditTax audit.
Preventive audits, VAT review, preparation for FTA inspections and internal audit.
Discover → XII · CorporateCorporate solutions.
Visas, banking, licensing and ongoing administrative management for UAE companies.
Discover →What clients most often ask.
How long must accounting books be kept in the UAE?
A minimum of 5 years for mainland companies, extending to 7 years when it comes to tax obligations such as Corporate Tax and VAT.
What is the deadline to file audited financial statements?
In Free Zones, typically within 90 days from the close of the financial year. In Mainland the deadline extends to 4–6 months depending on the authority.
Is an internal audit valid?
No. Mandatory audits in the UAE require audit firms authorized and licensed by the Ministry of Economy or by the corresponding Free Zone authority.
Are all Free Zones exempt from audit?
No. Some Free Zones such as DMCC, JAFZA, DIFC or ADGM require a mandatory annual audit to maintain the license and access tax benefits like the Qualifying Free Zone Person regime.
How is accounting handled when invoicing in multiple currencies?
Multi-currency accounting supervision is applied, with recognition of exchange differences under IFRS, VAT control and, where applicable, consolidated reporting to the parent company in its functional currency.
What is ESR compliance?
Economic Substance Regulations: regulations that require companies with relevant activities (holding, financial services, IP, distribution, etc.) to demonstrate real economic substance in the UAE through a local office, personnel and decision-making.
What are FATCA and CRS?
These are international standards for the exchange of tax information: FATCA (US) and CRS (OECD). Financial entities and certain structures in the UAE must identify and report accounts of foreign residents.
The trust of those already
working with us
Your accounting, handled;
your finances, up to date;
your time, free to grow.
Book an initial consultation, no commitment. We will prepare a clear proposal covering scope, calendar and a fixed monthly fee tailored to your company's volume.
Book a consultation →Dubai Marina, UAE