Start an accounting and bookkeeping business in Dubai

Harsh Drolia

Harsh Drolia

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One of the major pull factors for the thousands of businesses setting up in Dubai every year is the Emirate’s minimal bureaucracy. But while paperwork is light on the ground out here, that’s not to say there aren’t plenty of processes that require an expert eye.

Many companies in the UAE are required to submit annual accounts, while others keep up-to-date books for their records. The reason behind filing books is often not a job undertaken internally. This is particularly true among smaller businesses and startups. Due to this, bookkeepers and accountants with skills in preparing and filing regular accounts are in high demand.

Company formation in the UAE also requires expertise to ensure a fast and straightforward process.

And when you start a UAE business with the help of Meydan Free Zone, you can be up and running in no time. Our team are experts in business setup in Dubai and can help you with licensing visas and much more.

 

Benefits of starting an accounting & bookkeeping business in Dubai, UAE

Dubai is home to hundreds of thousands of businesses, so one of the most significant benefits of starting an accounting & bookkeeping business out here is demand.

The UAE population is also over 80% expatriate, so many of the country’s business owners are not familiar with its financial and tax customs. Many entrepreneurs partner with local experts when operating overseas for added peace of mind.

Then, of course, the UAE’s attractive tax rate of 0% on corporate and personal income. And there are more benefits for free zone companies, too, including 100% customs tax exemption and the freedom to repatriate capital and profits. 

Bookkeeping & Acounting

How to start an accounting & bookkeeping business in Dubai

At Meydan Free Zone, we can guide you through the following company formation process.

First, we’ll help you choose and register your company name.

The UAE has a very clear set of naming parameters that you’ll need to stick to. But don’t worry; all are straightforward and largely common sense. Essentially, you should avoid blasphemous and offensive language and the names of well-known organisations. We will also cover a few more rules in your initial consultation.

When setting up in the UAE, it is also important to align your business practices to the list of permitted activities. So, if you plan on opening a bookkeeping, accountant, or related business such as tax or audit consultancy, this must be clearly stated on your license. You may include multiple business activities and can add more after your application. You can choose up to 3 groups of business activities on your license, allowing you to cover all aspects of your business undertaking.

With this early part of the process successfully navigated, we can help you apply for your accounting business license. There are a couple of common ways to do this.

When applying for your accounting business license, you must submit your application form via an online portal containing details about your business and its shareholders and proof of address and identification.

If you intend on operating your business from the UAE, you will also require a visa. As part of this process, you will be required to undergo a fitness test, blood test, and chest x-ray. You can also sponsor the visas of others, such as dependent children and parents, your spouse, and any domestic staff.

Finally, if you’re getting paid in the UAE, you’ll need a corporate bank account. Meydan Free Zone can help with this step, too, advising on the right financial institution for your needs and circumstances.

 

The requirements to open an accounting & bookkeeping company in Dubai 

Accounting and bookkeeping are regulated in the UAE, where the license holder is a subject matter expert. That’s why you’ll also need relevant qualifications and certifications along with your trade license.

For example, if you plan on working as an accountant, you would need to hold a degree in accounting or a related subject from a respected institution.

The cost of starting an accounting & bookkeeping business in Dubai 

The cost of creating an accounting firm in Dubai will depend on many factors. Your business location, activities, and size will all play a part. With Meydan Free Zone, the license cost starts at AED 12,500, which is only AED 35 per day.

Take your business to new heights at Meydan Free Zone

Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.

Take your business to new heights at Meydan Free Zone

Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.

Premier location

Being at one of the most sought-after centrally located commercial addresses in Dubai puts you minutes away from major pulse points, plus the city’s vital commercial and financial hubs.

Easy startup

Benefit from a smooth registration process with access to priority government relations assistance and broad support services tailored to address your individual business needs.

A great place to live and work

Take advantage of the unique opportunity to live and work in Meydan’s premium mixed-use developments offering innovative office spaces that encourage business growth.

Membership of the Meydan Group Enjoy unparalleled benefits, including access to a fully equipped business centre, luxurious hotel accommodations and the group’s comprehensive support network.

Calculate your setup cost now and save AED 4,000

Start your business with Meydan Free Zone

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