How to Set Up an Accounting and Bookkeeping Company in Dubai?

Dubai offers fantastic business opportunities attracting more number of investors and auditors to establish their set up in the city. The abundant availability of resources, workforce and infrastructure is the key to gain the attention of all the entrepreneurs towards this smart city.

With the increase in several businesses in Dubai, the need for outsourcing of financial operations has also increased. Every small or big business requires an accountant and a bookkeeper. This justifies starting an accounting and bookkeeping company in Dubai.

The industry in recent times focuses more towards the financial activities of their company than any other aspect. To keep audit and maintain all the financial records are an essential aspect to run any successful business.  

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How to Setup an Bookkeeping and Accounting Firm in Dubai

To start an bookkeeping and accounting firm in Dubai, the following steps one needs to adhere:

1. Finalize the Business Trade Name

The first step under this is registering a trading name for your company. It can be a name of your wish but under the legalities of the Government of Dubai

2. Decide the Business Entity Structure

The next step is to decide on the company structure. Whether you want to set up a Sole Proprietorship, Joint Stock Company, an LLC, or any other such entity.

3. Obtain the Initial Approval from DED

After this, you need to obtain initial approval from the Department of Economic Development. The initial approval typically states that the DED does not have any problem with you starting a business as far as you follow all the legalities required to start a business

4. Submit the Respective Documents

The next step is to register your business by submitting all the documents including the initial approval. The documents required are mentioned below.

5. Get Your Office Space

You will then need to rent an office space for your business as mandated by the authorities. So, check out for a suitable office space and prepare required agreements.

6. Obtain Your Business License

After which you will need to get a Professional License from the concerned authorities. Once you get the license, you can legally start your accounting and bookkeeping business.

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Documents Required to Setup an Accounting and Bookkeeping Firm in Dubai

Below-mentioned are the documents required to start an accounting and bookkeeping company in Dubai

• Copy of passport and visa of the shareholders
• Business plan
• Trade name certificate
• Lease agreement
• Initial approval certificate

Accounting and Bookkeeping firms in Dubai addresses the wants and needs of several business entities. While typical accounting firms look after the needs of corporate and medium-sized commercial establishments, there are others who cater to the requirements of individuals and small-sized businesses.

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Benefits of Starting an Accounting and Bookkeeping Company in Dubai

Below mentioned are the reasons to start any accounting and bookkeeping company in Dubai.

• Dubai is an emerging Business hub for all kinds of business
• Dubai is Tax-free emirate
• There are Favourable  government policies which are helpful for budding entrepreneurs
• The startup cost is minimal in Dubai
• There is a surge of accounting and bookkeeping services
• This sector is a never-dying sector
• Accounting and Bookkeeping is the most consistently growing industry
• This sector also accepts virtual office work
• Work flexibility is provided in this sector.

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Commitbiz for Starting Your Accounting and Bookkeeping Firm in Dubai

The accounting and bookkeeping industry is the most growing industry throughout the emirate. The primary function is the outsourcing of financial services has attracted a lot of attention from the emerging business owners. This has made an excellent opportunity for all the entrepreneurs who are looking forward to setting up their accounting and bookkeeping services in Dubai. The most crucial step is to obtain a license to start your company.

The procedure to set up accounting and bookkeeping firm in Dubai is very complicated. We at commitbiz are here to make your business setup in Dubai smooth and hassle-free. Our experts are here to provide you with all the necessary services for your venture. Contact us- we are here to help.

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