- Location: Zainal Mohebi Plaza, Karama, Dubai, UAE
- Mail: info@vassintl.com
Vass International is the only member of SBC Global Alliance in UAE. We are located at Karama, Dubai and provide professional services to our clients across the region.
- Zainal Mohebi Plaza, Karama, Dubai, UAE
- +971 4 397 3011
- info@vassintl.com
- vassintl.com
Discover Our Services
Accounting & Bookkeeping
Behind our success lies a dedicated team of certified accountants, consultants, and payroll specialists who are ready to design and implement effective systems to monitor and manage the financial health of your business.
Discover Exceptional Bookkeeping and Accounting Solutions in Dubai
Welcome to a distinguished accounting services provider committed to elevating businesses across Dubai and the UAE. Our mission is to provide a comprehensive suite of financial solutions tailored to enhance your cash flow and elevate your overall business performance.
Behind our success lies a dedicated team of certified accountants, consultants, and payroll specialists who are ready to design and implement effective systems to monitor and manage the financial health of your business.
The Crucial Role of Professional Financial Services
In the dynamic business landscape, our services are essential for ensuring financial accuracy, strategic decision-making, and sustainable growth. VASS international Accounting Solutions empowers businesses with a blend of precision, strategic insights, and compliance to international standards. Elevate your financial journey with us!
Our Services
Navigate Financial Success with VASS Accounting
Let us guide your financial journey with meticulous bookkeeping, dynamic management insights, strategic CFO services, and customized policies. Experience precision, strategic growth insights, and reliability for sustainable success.
Elevate your financial game with our meticulous bookkeeping services. We...
Gain insights into your business's financial health with our comprehensive...
Fuel your business growth with our CFO services. We go...
Ensure precision in financial recording with our customized policy and...
FREQUENTLY ASKED QUESTIONS
Accounting & Bookkeeping
(i) Statutory Requirements
a. Commercial Company Law The Commercial Company Law requires all the entities registered in UAE to maintain the books of accounts as per International Accounting Standards and appoint Auditor to do the Audit of Books of Accounts annually. The Law provides that each company shall maintain accounting records showing its transactions, provided that such records would accurately and at any time demonstrate the company’s financial standing. Such accounting records shall be maintained at the head office for at least 5 years from the end of the fiscal year-end date.
b. UAE Value Added Tax The VAT regulations also require a UAE company to record the business transactions and maintain the books of accounts.
(ii) Management Requirements
Accounting plays an important role in running a business because it helps the entity track income and expenditures, ensures statutory compliance, and provides investors, management, and government with financial information which can be used in making business decisions.
Administrative penalties for not maintaining proper books of accounts with supporting documents are prescribed under Federal Law which ranges from AED 10,000 to AED 100,000.
1. When the company is a start-up or at small or medium scale, it is advisable to outsource the
accounting.
2. Where business needs to control the cost without compromising on information quality, outsourcing
is a good choice.
Model of outsourcing may include Data entry & Bookkeeping, outsourcing of supervision, outsourcing of
Finance controlling etc.