Hiring the Top and Reliable Auditing Companies in UAE

Monday, 21 March 2016

For various types of companies, keeping the accounts and audit in top shape is a prerequisite. Whether your company deals with FMCG products or sells insurance for automobiles, the audit and taxation cannot be overlooked. It is not just enough to utilize a part of your workforce for fulfilling auditing and accounting needs of your company in UAE. You should opt for the top notch third party companies’ expert in performing audits for their clients. Nowadays, you can find such agencies in Dubai and adjacent regions.
Advantages of getting an audit done properly
If the audit is not done in the proper way, in the long run it can make your company getting into trouble. Properly done audit can ensure future business plans and operations are not hampered. Overall, it ensures your company remains safe legally and otherwise.

Services offered by Audit Firms in UAE
Top notch audit and accounting firms operating in the UAE region offer a number of services to meet client needs. These are:
  •          Taxation- The Accounting Services in UAE can help and guide copy owners to meet taxation requirements while avoiding paying excess amounts or fines.
  •          Personal Tax- Small business owners or those who are running home based ventures can benefit from services of top auditing providers in Dubai. They also guide in personal tax planning.
  •          Estate planning- It is never as simple as you may imagine. When you plan to acquire land for business expansion, estate planning should be done in a proper way.
  •          VAT management- VAT compliance is turning out to be a tedious thing for most businesses nowadays. This is mostly owing to changing government norms. The services of audit firms with the top Chartered Accountant in Dubai can be of great help to corporations seeking VAT management solutions. They can help your company stay in contact with the latest changes in VAT.
Things that you should check
There are a few things that you have to check before hiring the suitable tax consulting and auditing service providers in Dubai.

·         The tenure of the company serving clients in and around Dubai should be analyzed as well. It is always advisable that you pick a company that has an excellent reputation along with a long tenure in tax planning and auditing in the region.

·         It is also necessary to see what type of software is used for the taxation and audit needs by the company. Some companies offer traditional software while a number of contenders have resorted to using more convenient cloud apps. Implementation of the software and ease of using it needs to be analyzed as well.

The professionalism and reliability of the audit entity also need to be checked before you sign up for most packages. If its existing packages suits your needs, it is fine. Or else, you have to see if it is flexible enough to make customizations for the clients. You should check the website for service terms and charges of the audit agency. If necessary, have a clear discussion with them to get answers to all your queries.

Reasons For Hiring Registered Auditors In Hamriyah Free Zone

Saturday, 19 March 2016

The Hamriyah Free Zone in Sharjah, UAE, is one of the most developed industrial zones in the country. The place offers great time zone and geographical advantage to various countries including the nation’s neighboring countries via the airways, land and waterways. To ensure that businesses in the zone operate in a smooth manner, the management should be dynamic as well as flexible. Without this the investor oriented free zone will not be able to function properly. 

And to ensure transparent business in the area, it is important to have registered auditors in Hamriyah Free Zone. Along with internal auditing, many companies also hire external auditors for complete and thorough auditing of the company. The auditors examine and go through all the records of the company along with checking the operations for making sure that the financial statements which have been made and declared are true and accurate. In order to establish credibility in business and to ensure compliance with the various tax laws, proper auditing is mandatory. 

Generally active auditors in Hamriyah Free Zone are provided a license, which remains active for a particular period of time. The license can be renewed once it expires. The auditors carry out both internal as well as external audits of the businesses in the area.  

Registered Auditors In Hamriyah Free Zone For Increased Assurance

The Hamriyah Free Zone, situated in Sharjah, United Arab Emirates is a free zone offering unique time zone advantage as well as geographic advantages to global as well as neighboring nations via sea, land and air. The Free Zone is considered as one of the greatest developments in the industrial sector of UAE. Innumerable businesses have set up in the area with great opportunities of establishing the same in a tax free environment. Not only this, competitive incentives and exemptions from commercial levies are also applicable for businesses in the area. 

With such a flexible investor oriented free zone, it is important that the auditing process should be strict and fair. Businesses which run there should hire the best registered auditors in Hamriyah Free Zone, so that the auditing process has no flaws. Usually the kinds of audits that are carried out include management audit, internal audit, external audit, pension, ESOP and payroll audit, tax accounting, GAAP & IFRS conversions and so on. Best auditors and tax professionals should be hired as the job demands great responsibility.  

There are many renowned and reliable accounting and audit firms offering services in the Hamriyah Free Zone. Ensure that the right company and professionals are chosen for the job of auditing.  

Smart strategies to business setup

Thursday, 10 March 2016

To make a smart Business set up in Sharjah is a vital decision. The business strategies are depends on situation. Business strategy does not have to be a long written document  and does not matters size of your business. Some business setup strategies are as below :
  • Set vision statement
  • Set a mission statement
  • Doing SWOT analysis - Strength, Weakness, Opportunities, Threats
  • Creating balanced scorecard
  • Setting goals
  • Setting key performance
  • A better understanding of your current business.
  • Identifying the key steps needed to achieve your strategy
  • Promote discussion, debate and alignment in your business
  • New opportunities for the business
  • Time to reflect and re-look at your business
  • If you know where you are going you have more chance of getting there
  • Better business results

If you have any query or get more information for a business setup in Sharjah and other UAE Countries than contact local business consultant like Jitendra group and other.

How to smart business setup in Sharjah and other UAE Countries

Wednesday, 9 March 2016

To make a smart Business set up in Sharjah is a vital decision. Business works step by step. To make your business creative and unique need some up-to-date technology and some strategies. JCA has been creating an opportunity to develop business. 

 Some business setup guidance is as below :

  •  Research the business concept and choose a business name with creative logo
  •  Evaluate the ease of entry into your selected market 
  •  Seek advice from consulting or business administrator
  •  Select attorney and an accountant
  •  Make a schedule of the activities
  •  Pre-plan to face any kind of situation
  •  Start recruiting employees
  •  Make a business plan
  •  Make a marketing plan
  •  Secure finance
  •  Get business insurance
  •  Use technology as much as possible for your business system

If you have any query or get more information for a business setup in Sharjah and other UAE Countries than contact local business consultant like Jitendra group and other. 

Explores Business setup in UAE Free Zones

Thursday, 3 March 2016

The United Arab Emirates are undoubted fastest growing economic areas on earth which makes very effectiving to Dubai. UAE is the only country in the Middle East where a large number of Business Setup in UAE Free Zones are available for investors who wish to gain more from their investment and companies have some constraints when compared to locally registered companies.

As stated the laws in UAE, each Emirate can set up free zones for general or industry-specific activities to encourage foreign direct investment. Generally, Doing Business in UAE do not require any UAE nationals as owners. For each Emirate there are at least two free zones, while Dubai alone has more than 20. Each zone has its own laws and regulations.

Establishing a business entity in UAE, many Free Trade Zones can be an attractive option for foreign investors. UAE has over 35 Free Zones of which more than 20 Free Zone are located in Dubai.

  • UAE company formation is quicker than incorporation outside of the free zones.
  • Bank accounts setup by company
  • Partnership options for Professional, Branch Office and Dubai Offshore Company.
  • 100% foreign ownership and no need for a local service agent for a branch or representative office.  
  • 100% cent import and export tax exemptions
  • No currency restrictions
  • Corporate tax exemption for 15 years, renewable for an additional 15 years
  • No personal income taxes
  • Freehold offices for sale or lease
  • 3 years UAE residence visa
  • No UAE national shareholding required. 

Reasons to Go For Auditing Services in Dubai

Monday, 15 February 2016

Auditing has always been an important part in business activities. It not only helps assess the risks in the forthcoming year, but the auditor also comes up with a plan to combat those risks. For any organization, it is a must to conduct a full audit every year. There are so many benefits of auditing that you will be surprised to know.

Reputation matters

No matter how successful your company is in the market, if it is found that your company has not been audited for a long time, people will start asking questions about the proper functioning and legality of your business. So, to ensure that your company retains its reputation for the years to come, it is important that an audit is done at the end of the year. It would show the transparency of your company to the customers and clients.

Protected by the law

When a company has been audited for years, it builds a trust with the government. It shows that the company abides by the laws of the state and would not do anything to cheat its customers and clients. Moreover, when you hire auditing services in Dubai you can be rest assured that your company will be freed from any kind of scams in future. This is a huge boost to any company because customers can rely on your company without any doubt. Some companies go for two audits in a year to make sure there is no illegal work going on in their business. 

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