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French Accounting Services in Dubai: A Solution for Francophone Entrepreneurs
Setting up a business in Dubai as a Francophone entrepreneur is an exciting opportunity, but accounting and tax management can quickly become a challenge. With local tax obligations and differences from French-speaking accounting systems, finding French accounting services in Dubai can be a game-changer for your business. Here’s why and how to choose the right accounting partner.
1. Why Choose a French Accounting Service in Dubai?
While English is widely used in the UAE, working with a French-speaking accountant offers several advantages:
✔ Clear and fluent communication: No need to translate technical terms or risk misunderstandings.
✔ Better understanding of tax specifics for entrepreneurs coming from French-speaking countries.
✔ Tailored support to manage VAT, Corporate Tax, and other local obligations effectively.
2. Accounting and Tax Obligations in the UAE
Companies registered in Dubai must comply with several accounting and tax regulations, including:
Maintaining records under IFRS standards and keeping financial documents for at least 5 years.
Mandatory VAT registration (5%) for businesses with an annual turnover of more than AED 375,000.
Corporate Tax (9%) applicable to companies with taxable profits exceeding AED 375,000.
Failure to comply with these obligations can lead to significant financial penalties.
3. What French Accounting Services Are Available in Dubai?
A French-speaking accounting firm in Dubai can assist with services tailored to the needs of French and Francophone entrepreneurs, including:
✅ Bookkeeping and financial management (tracking transactions, bank reconciliations, balance sheets, etc.).
✅ VAT and tax filing: Assistance with registration and filing with the Federal Tax Authority (FTA).
✅ Tax optimization and advisory to structure your business efficiently and maximize profits.
✅ Audit preparation and compliance to avoid errors and penalties.
4. Why Outsource Accounting in Dubai?
🚀 Save time and avoid mistakes: UAE taxation is unique, so it’s best to consult an expert.
📊 Optimize financial management: A skilled accountant helps maximize profits while ensuring compliance.
🔎 Focus on business growth: Leave accounting to professionals so you can grow your company.
5. Why Choose Amary for Your French Accounting Services in Dubai?
At Amary, we help Francophone entrepreneurs simplify their accounting and tax management with:
✅ A dedicated French-speaking accountant for personalized support.
📊 Digital accounting solutions to streamline your financial operations.
🔎 Complete knowledge of UAE regulations to ensure full compliance.
Contact us today to simplify your accounting in Dubai!
Frequently Asked Questions
1. What services does Amary offer?
We provide comprehensive accounting services tailored for freelancers and businesses, including onboarding, tax registration, VAT declaration, and ongoing support. Our all-inclusive plans ensure that everything you need is included in your package. From dedicated accountants to legal reminders.
2. Who will manage my account?
Your account will be managed by our in-house team of French expert accountants, ensuring personalized attention and expert guidance throughout your accounting journey.
3. How do I get started with Amary?
To get started, simply contact us to schedule a call. We will discuss your needs, tailor a package for you, and guide you through the onboarding process.
4. Are there any hidden fees?
No, our packages are all-inclusive with transparent pricing. We believe in clear communication about all costs involved.
5. Can I customize my package?
Yes, we offer flexible options. During our initial call, we can discuss your specific requirements and tailor a plan that fits your needs.
6. How do I ensure compliance with legal obligations?
We provide timely legal reminders for important obligations and deadlines, ensuring you stay compliant with local regulations.
7. Is support available after I sign up?
Absolutely! Our dedicated team is always available for ongoing support, whether you have questions or need assistance with your accounting needs.
8. What is the Amary Club?
The Amary Club is a community event platform that allows you to connect with other professionals, network, and participate in enriching activities.
1. I'm starting a new business and need guidance
Amary will support you throughout your business setup journey, providing expert guidance and tailored solutions for every step of the process.
2. What is the process for the preparation and filing of financial statements?
Many businesses ask about the timeline and process for preparing financial statements, including how to categorize expenses, recognize revenue, and ensure IFRS compliance. Amary takes care of your obligations.
3. What is the Corporate Tax, and when will it apply?
Corporate Tax is set to be introduced in the UAE starting from June 2023, with a general rate of 9% applied to taxable income over AED 375,000. Failure to register within the required timeframe may lead to an administrative penalty of AED 10,000. Amary is here to guide you through every step of the process, ensuring full compliance and ease.
4. What is VAT, and how does it apply to businesses?
Value-Added Tax (VAT) was introduced in the UAE on January 1, 2018, at a standard rate of 5%. Common questions often relate to VAT registration thresholds, filing deadlines, eligible expenses, and proper VAT invoicing.
5. When is a business required to register for VAT?
A business must register for VAT if its annual taxable turnover exceeds AED 375,000. Voluntary registration is available if the turnover exceeds AED 187,500.
6. How frequently are businesses required to file VAT returns?
VAT returns are generally filed on a quarterly basis, though businesses with higher turnovers may be required to file monthly. Common questions revolve around understanding the specific deadlines and formats for submitting VAT returns.
7. What are the main penalties for VAT non-compliance?
Non-compliance with VAT regulations can lead to substantial penalties, including fines for late registration, missed filing deadlines, or inaccurate VAT submissions. These penalties may vary from significant fixed fines to a percentage of the unpaid tax.
8. Are financial audits mandatory for companies in the UAE?
Although financial audits are not legally required for all companies, many free zones and mainland business licenses mandate annual audits. Amary ensures your bookkeeping is accurate, preparing you to successfully pass the annual audit.
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