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Accounting support in Dubai
Aston VIP works with top accounting and bookkeeping firms to ensure your business stays compliant and financially organized in Dubai.
VIP services
At Aston VIP, we understand that effective financial management is crucial for the success of any business.
To provide our clients with comprehensive support, we have established strong partnerships with leading accounting and bookkeeping companies in Dubai.
Our collaborations
By collaborating with top-tier accounting firms, Aston VIP ensures that our clients receive the highest quality financial services. Our partners are experts in various aspects of accounting and bookkeeping, offering services that include:
Accurate and timely preparation of financial statements to help you understand your business’s financial position.
Assistance with VAT registration, filing, and compliance to ensure that your business meets all regulatory requirements.
Efficient payroll management to ensure timely and accurate payment of salaries, benefits, and deductions.
Comprehensive auditing services to provide transparency and accountability in your financial reporting.
Strategic financial planning to help you make informed business decisions and achieve your financial goals.
Save time,
save money!
We’re here to help!
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Prefer messaging? Contact us through messengers or simply give us a call: Our working hours: Monday to Friday, 9 AM – 6 PM CET
Save time, save
money!
We’re here to help!
Leave your number and we’ll call you back in just 5 minutes!
Prefer messaging? Contact us through messengers or simply give us a call: Our working hours: Monday to Friday, 9 AM – 6 PM CET
Why choose Aston VIP?
Expertise and reliability
Our partners are highly skilled professionals with extensive experience in the financial sector. They adhere to the highest standards of accuracy and reliability, ensuring that your financial records are in excellent hands.
Customized solutions
We understand that every business is unique. Our partners offer tailored solutions that meet the specific needs of your business, whether you are a small startup or a large corporation.
Seamless integration
Our collaborative approach ensures that the accounting and bookkeeping services seamlessly integrate with our other offerings, providing you with a cohesive and comprehensive financial management solution.
Confidentiality and trust
We prioritize the confidentiality and security of your financial information. Our partners are committed to maintaining the highest levels of trust and integrity in all their services.
Why choose Aston VIP?
Expertise and reliability
Our partners are highly skilled professionals with extensive experience in the financial sector. They adhere to the highest standards of accuracy and reliability, ensuring that your financial records are in excellent hands.
Customized solutions
We understand that every business is unique. Our partners offer tailored solutions that meet the specific needs of your business, whether you are a small startup or a large corporation.
Seamless integration
Our collaborative approach ensures that the accounting and bookkeeping services seamlessly integrate with our other offerings, providing you with a cohesive and comprehensive financial management solution.
Confidentiality and trust
We prioritize the confidentiality and security of your financial information. Our partners are committed to maintaining the highest levels of trust and integrity in all their services.
Whether you need ongoing bookkeeping support or specialized accounting services, Aston VIP is here to help
Let Aston VIP and our trusted partners take care of your accounting and bookkeeping needs, so you can focus on growing your business in Dubai’s dynamic market.
Whether you need ongoing bookkeeping support or specialized
accounting services, Aston VIP is here to help
Let Aston VIP and our trusted partners take care of your accounting and bookkeeping needs,
so you can focus on growing your business in Dubai’s dynamic market.
Get in Touch
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Frequently asked questions
Why should I set up my business in Dubai, UAE?
Dubai is an economic powerhouse and a global business hub, offering a strategic location, attractive tax policies, and state-of-the-art infrastructure. Businesses benefit from 0% personal income tax, access to a diverse, skilled workforce, and streamlined processes for setting up operations. The UAE’s strong economic stability and business-friendly environment also make it an ideal destination for entrepreneurs and corporations looking to expand.
Additionally, Dubai’s location between Europe, Asia, and Africa provides access to major global markets, making it a preferred choice for trade, e-commerce, and services. Aston Advisory ensures a smooth business setup experience, helping you capitalize on Dubai’s unique advantages.
What are the key steps to starting a business in Dubai?
Starting a business in Dubai involves a structured yet straightforward process:
- Prepare Documents: Submit necessary paperwork, such as passport copies, trade name reservations, and business activity details.
- Apply for Business License: Choose the correct license type (trade, professional, or industrial) based on your business activity.
- Secure Visas: Apply for investor visas, employee visas, and Emirates IDs if required.
- Open a Business Bank Account: Establish a corporate account to manage business finances.
Aston Advisory manages all these steps on your behalf, ensuring accuracy, compliance, and minimal delays.
How much does it cost to start a business in Dubai?
The cost of setting up a business in Dubai varies depending on the business type, location (mainland or free zone), and the number of visas required. On average, costs can range between AED 15,000 to AED 50,000. Free zone companies often offer affordable packages for startups, while mainland setups require a slightly larger investment.
At Aston Advisory, we offer transparent pricing with no hidden fees, ensuring your setup aligns with your budget and goals. We provide customized solutions that give you the best value for your investment.
What is the difference between mainland and free zone companies in Dubai?
Mainland Companies: Mainland businesses can operate anywhere in the UAE and internationally. Recent reforms allow 100% foreign ownership in many sectors without the need for a local sponsor. This makes mainland setups ideal for businesses targeting the UAE market.
Free Zone Companies: Free zones offer 100% foreign ownership, tax exemptions, and simplified import/export processes. However, they can only conduct business within the free zone or internationally unless partnered with a mainland distributor.
Aston Advisory helps you decide between mainland and free zone setups based on your goals, industry, and operational needs.
How long does it take to start a business in Dubai?
The timeline to set up a business in Dubai typically ranges from 7 to 14 business days, depending on the business structure, location, and documentation. Free zones tend to offer faster approvals, while mainland companies may require additional steps, such as local government approvals.
Aston Advisory streamlines the process by managing all paperwork, liaising with authorities, and ensuring compliance, allowing you to launch your business without delays.
Do I need a local sponsor to open a mainland business in Dubai?
Previously, mainland businesses required a local sponsor who would hold 51% ownership of the company. However, recent reforms now allow 100% foreign ownership in many industries and sectors, removing the need for a local sponsor in most cases.
If your business still requires local sponsorship, Aston Advisory provides reliable nominee sponsorship services.
Our solutions ensure you retain full operational and financial control while complying with UAE laws.
How does the new 9% corporate tax in the UAE impact businesses?
As of June 1, 2023, the UAE introduced a 9% corporate tax on taxable profits exceeding AED 375,000. This aligns the UAE with global tax practices while maintaining its competitive edge as a low-tax jurisdiction. Key highlights include:
- Businesses earning below AED 375,000 remain exempt, supporting startups and SMEs.
- Companies operating in free zones still enjoy 0% tax, provided they meet specific conditions, such as conducting business outside the UAE mainland.
Aston Advisory helps businesses navigate the new tax regulations, ensuring compliance while optimizing tax strategies to minimize liabilities and maintain profitability.
What documents are required to open a company bank account in Dubai?
To open a company bank account in Dubai, several documents are typically required to ensure compliance with regulatory standards and banking policies. These documents include essential business incorporation papers such as the trade license and certificate of incorporation, which establish the legal identity of the company. Additionally, identification documents for all company directors and shareholders are necessary to verify their identities and roles within the organization.
Proof of address, such as utility bills or lease agreements, may also be requested to confirm the physical location of the business. A comprehensive business plan outlining the company’s objectives, operations, and financial projections may be required to assess the viability and purpose of the account.
Personal references from reputable sources can further establish the credibility of the company and its key stakeholders. A board resolution authorizing the opening of the bank account and designating authorized signatories is often necessary to formalize the process.
Some banks may request additional documentation tailored to their specific requirements or the nature of the business. These documents may include financial statements, trade references, or regulatory approvals.
Working with Aston VIP can simplify the procedure and ensure that all necessary paperwork is in order. Our expertise and industry knowledge enable us to guide clients through the account opening process efficiently and effectively, minimizing delays and ensuring compliance with regulatory standards.
Can I open a company bank account in Dubai with a foreign currency?
Opening a company bank account in Dubai with a foreign currency is indeed possible and can offer several advantages for businesses engaged in international transactions or dealing with clients in different parts of the world. At Aston VIP, we facilitate this process by working closely with online banks that specialize in offering accounts denominated in foreign currencies.
Can I use a personal bank account for my Dubai business, or do I need a separate company account?
When working with Aston VIP, we highly recommend opening a separate company bank account for your Dubai business rather than using a personal bank account. While using a personal account may seem convenient, it can lead to complications in accounting, tax reporting, and legal liability. Opening a dedicated company bank account ensures that business finances are separate from personal finances, which is crucial for accurate financial management, compliance with regulations, and maintaining transparency. Having a separate account enhances professionalism and credibility, especially when dealing with clients, suppliers, and investors. Therefore, with Aston VIP’s assistance, we strongly advise opting for a dedicated company bank account to effectively manage your Dubai business finances.
What are accounting and bookkeeping services, and why are they essential for businesses?
Accounting and bookkeeping services involve recording, organizing, and analyzing a business’s financial transactions to ensure accuracy and compliance. These services are vital for businesses of all sizes as they provide clarity on financial performance, cash flow, and profitability.
Accurate bookkeeping helps businesses meet legal and regulatory requirements, while accounting allows for better financial planning and decision-making. Aston VIP offers tailored accounting and bookkeeping services to help businesses streamline their finances, reduce errors, and maintain full transparency for stakeholders and authorities.
How can Aston VIP help businesses with financial statement preparation?
Financial statements are critical for assessing a company’s financial health and performance. At Aston VIP, we specialize in preparing accurate and compliant financial statements, including balance sheets, profit and loss statements, and cash flow reports.
Our team works closely with businesses to organize financial data, ensure compliance with international accounting standards, and present clear, actionable insights. These statements help businesses secure investments, meet audit requirements, and make informed decisions for growth.
What is the difference between accounting and bookkeeping services?
Bookkeeping focuses on the systematic recording of daily financial transactions, such as sales, expenses, and payroll. It is the foundation of accounting. Accounting, on the other hand, involves analyzing, interpreting, and summarizing that financial data to generate reports, track performance, and make strategic recommendations.
At Aston VIP, we offer both services as a complete package to ensure businesses have accurate financial records and insights for growth. While bookkeeping keeps the numbers organized, accounting adds value by providing financial clarity and planning.
How can Aston VIP help businesses with VAT compliance and tax reporting?
VAT compliance is critical in Dubai, and errors can lead to penalties. Aston VIP ensures that your business meets all VAT requirements by offering accurate bookkeeping, calculating input/output VAT, and preparing timely VAT returns.
We also handle tax reporting, ensuring that all transactions align with UAE tax laws. By partnering with Aston VIP, businesses can minimize the risk of penalties, optimize VAT recovery, and maintain full compliance with tax authorities.
Why should businesses outsource accounting and bookkeeping services?
Outsourcing accounting and bookkeeping services allows businesses to save time, reduce costs, and improve accuracy. Managing finances internally can be time-consuming and error-prone, especially for SMEs with limited resources.
Aston VIP provides expert financial management without the need for an in-house team. By outsourcing to us, businesses benefit from experienced professionals, access to advanced financial tools, and complete confidentiality. This allows you to focus on core operations while we handle the numbers.
What payroll services does Aston VIP offer?
Managing payroll is a critical function for any business to ensure employees are paid accurately and on time. Aston VIP offers end-to-end payroll management services, including salary calculations, benefits administration, tax deductions, and compliance with UAE labor laws.
We ensure your payroll processes are accurate, compliant, and efficient, saving you time and reducing administrative burdens. With our support, businesses can focus on employee satisfaction and productivity without worrying about payroll complexities.
How can Aston VIP support businesses with audit preparation?
Audit preparation involves organizing and verifying financial records to ensure compliance with accounting standards and UAE regulations. Aston VIP works with businesses to prepare for internal and external audits by reviewing financial data, reconciling accounts, and identifying discrepancies.
We ensure all financial statements are accurate and ready for auditor review, minimizing risks and streamlining the audit process. Our audit preparation services help businesses build trust with investors, authorities, and stakeholders by demonstrating financial transparency.
How does Aston VIP ensure confidentiality and trust in financial services?
At Aston VIP, confidentiality and trust are at the core of our services. We follow strict protocols to protect sensitive financial data, including secure systems, non-disclosure agreements, and access controls.
Our team is committed to maintaining the highest standards of professionalism and integrity, ensuring that your financial records remain secure and private. By partnering with Aston VIP, businesses can trust that their financial information is handled with the utmost care.
How do Aston VIP’s accounting services improve business efficiency?
Aston VIP’s accounting services streamline financial processes, saving businesses time and effort. By automating tasks such as invoicing, reconciliations, and reporting, we reduce manual errors and improve efficiency.
Our detailed financial reports provide valuable insights into business performance, cash flow, and growth opportunities. With a clearer understanding of their finances, businesses can make faster, data-driven decisions that drive profitability.
Why should businesses choose Aston VIP for accounting and bookkeeping services in Dubai?
Aston VIP offers customized accounting and bookkeeping solutions designed to meet the unique needs of businesses in Dubai. With a team of experienced professionals, we ensure accuracy, compliance, and financial clarity.
We combine expertise with advanced tools to deliver reliable and transparent services, allowing businesses to focus on growth while we handle their financial operations. Clients choose Aston VIP for our professionalism, confidentiality, and ability to simplify complex financial processes
