Despite the fact that taxation is not widely applied in the UAE, and therefore, there is no fiscal control as it is, every company should keep elementary accounting system of its income and expenses. Outsourced bookkeeping is ultimately attractive in this country.
Firstly, to hire a permanent employee in the UAE is a costly business. Besides, according to UAE jurisdiction, company should provide its staff with medical insurance, workmen compensation insurance, etc. Besides, salaries transactions should be made through WPS (Wage Protection System).
Therefore, taking advantage of our accounting services, our clients enjoy quality work with no hidden costs or matters.
One more bonus of outsourced accounting is that you pay only for the accounting services that you really need, and exactly at the time you need them to be done.
For example, your company’s reports are required every three months, thus, there is no need for an accountant on a monthly basis. To terminate an agreement for outsourced services is much easier than to terminate a permanent employee.
Moreover, our accountants will support you not only with preparation of the financial statements in a convenient way for you, but also be able to audit expenses, to make forecasts as for the next year or the financial part of the business plan for your new project.
Legalization of documents
However, the United Arab Emirates have not joined The Hague Convention of October, 5th, 1961, which set the international standard for the legalization of public documents. Thus, apostilled documents are not accepted and are not issued in the country.
State bodies of the UAE only with the consular legalization accept corporate documents, certificates, official references and diplomas. Thus, the document should be translated into English or Arabic; depending on the body you are submitting the documents.
The most universal language of translation is regarded to be Arabic, as the majority of the UAE government agencies accept documents only in that language.
Due to the fact that Emirates are not parties to the Convention, other countries impose similar requirements to the documents issued in the UAE. It means that all public documents issued in the country must undergo consular legalization. Entrust the task of legalization to us, and your documents will be translated correctly, as well legalized without any complications in timely manner.
The process of Consular legalization is as follows: translation – notarization – verification by the Ministry of Foreign Affairs in the country of origin– verification by the embassy of the country for which the legalization is carried out in the country of issue – verification by the Ministry of Foreign Affairs of the country for which the legalization is performed.
There is an exception to every rule. For example, if there is no embassy of a country for which this legalization is performed or issuing country does not have diplomatic relations with the UAE.