Start-Up Consultancy
Start-Up Consultancy Services in Dubai
The competitive space for startups and new businesses is getting crowded in UAE, thus reducing the scope for any loopholes and mistakes. There are many financial and tax requirements that a startup needs to comply with to make its mark and place in the market. In UAE, all businesses are required to keep a record of their financial transactions and maintain all the records up to date. Additionally, the start-ups in UAE are required to register for VAT if their taxable turnover is expected to reach more than the VAT threshold.
Recently, a corporate tax of 9% on business profits has been announced in UAE, which will come into effect from June 2023. This tax will apply to all the registered businesses in UAE free zones, that meet the threshold annual taxable income limit. In order to enjoy tax benefits, a new business needs to fulfill all the legal requirements and invest in its own growth. Hence, to get started as a new business in UAE, an initial accounting and tax consultancy play a very important role.
Parsh Digital accounting and bookkeeping firm has helped a number of startups in implementing a robust financial management system. We provide reliable startup consulting services to support budding entrepreneurs in establishing their businesses by setting up their accounting systems and processes based on the best accounting practices. We take care of all the administrative and financial requirements of a new business.
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How Can We Help You?
We are a team of experts that offer accounting, bookkeeping, VAT, and other related services for all kinds of businesses whether small or large, private or public. We deliver customized solutions to meet the requirements of a new business. We can offer services in several accounting areas:
Setting Up Accounting System – Our experts with significant skill sets will help you set up your accounting function from scratch. We will help you establish financial goals, address your cash flow requirements, monitor your daily expenses, and prepare a contingency plan.
Establish Accounting Processes and Controls – Accounting activities and bookkeeping are not easy to manage. Our team will help you set up processes efficiently for recording all transactions, preparing financial statements and reports, and maintaining all accounting books.
Auditing assistance: We provide assistance in meeting the audit requirements of the investors for your start-up. Our team will ensure compliance with rules and regulations while you focus on your business.
- Services We Provide – We offer the following value-added services for new startups,
- Feasibility Study and Business Plan
- VAT Services
- Audit Services
- Corporate structuring and legal advisory
- Agreement drafting
- Bookkeeping Services
- Payroll Management
- Monthly financials
- Accounts reconciliation
- Budgeting and forecasting
- Provision of cloud-based accounting
- MIS Reporting