Spectrum

  Spectrumaccounts - Bookkeeping Services in Dubai Business accounting includes the careful recording of financial transactions, which is known as bookkeeping. Spectrumaccounts experts, who are renowned for providing the most dependable bookkeeping services in Dubai, UAE, assist you in keeping an accurate book of accounts to handle your accounting and tax preparation needs while adhering to UAE tax laws. We do more than just record your payables and receivables—through precise bookkeeping and accounts management, we ensure the safety and prosperity of your company. Spectrum Accounts - The bookkeeping Services Dubai One of the top bookkeeping companies in the UAE, Spectrumaccounts provides exceptional accounting and bookkeeping services in Dubai and the UAE, keeping records of the daily transactions that take place in a company entity. Regulations in the UAE Due to the inclusion of VAT, accounting and bookkeeping services in Dubai are becoming more and more significant. The operat...

Tax Residency Certificate in Dubai An official document issued by the Federal Tax Authority that attests to a person or corporate entity's residency in the United Arab Emirates is known as a tax residency certificate in Dubai or tax domicile certificate. In order to prevent tax evasion, it is utilized to benefit from double taxation avoidance agreements with foreign nations. A natural person must have lived in the UAE for at least 183 days in order to apply for the certificate, and legal entities must have been in operation for at least one year before applying. The certificate can only be used for one particular country at a time and may be used several times. It is valid for one year from the date of issuing. In order to take advantage of the Double Tax Avoidance Agreements (DTAA) that the UAE has signed with 76 other countries to prevent double taxation of income, both individuals and businesses can submit a request for this certificate to the FTA. According to the law, money l...

It's a good idea to work with a tax agency in Dubai whether you're a newcomer to business or an experienced entrepreneur, especially in light of the upcoming changes to Dubai, UAE's corporate income tax legislation. One of the best ways to resolve tax issues is to have your company examined in order to comprehend the effects of the corporate income tax in Dubai, prepare the necessary modifications to your company's operations or organizational structure, and achieve successful business outcomes. When the law is put into effect, keep in mind that the most challenging aspects of your business will be income tax, corporate tax, and corporate tax in Dubai . This is where working with a reputable income tax firm like Spectrum Auditing is important. Legal tax concerns are difficult to manage, thus having professionals on your side is essential. Spectrum Auditing and Spectrum Tax Agency can assist you with the following. Impact of UAE Corporate Tax on Business Structure and Tr...

  100% Business Ownership in Dubai — For Foreigners The UAE government published Federal Decree-Law No. (26) of 2020, which allows foreign corporations to now own  100% Business ownnership in Dubai . Guidelines for the processes that allow foreign investors to acquire full ownership have been released by the economy ministry. The procedures must be followed using the Invest in Dubai digital platform or the service channels of Dubai Economy. Certain sections of the 2015 Federal Law №2 changes have given foreign investors  100 percent ownership in Dubai . These kinds of strategic choices help the UAE to appeal to investors even more. Following the implementation of the commercial businesses law on June 1st, 59 investors began the processes to acquire  100 percent ownership in Dubai  of more than 1,000 commercial and industrial enterprises. The government has further proclaimed that no further fees, guarantees, capital restrictions, or even an Emirati agent are nec...

100% Foreign Ownership Dubai — Spectrum Dubai The Commercial Companies Act was amended by the United Arab Emirates, allowing for Dubai-based businesses to be 100% Foreign Ownership Dubai. Beginning on June 1, 2021, the Dubai policy of  100% foreign ownership in Dubai  will be in effect. The Commercial Companies Law has been changed, according to UAE Economy Minister Abdulla Bin Touq Al Marri, to strengthen the nation’s competitiveness. The UAE government is allowing  100% foreign ownership in Dubai  as part of its aim to transform the nation into a corporate haven. The Federal Decree-Law No. (26) of 2020 introduced the newly revised law. It altered a few clauses in Federal Law №2 of 2015 on many commercial enterprises. The Dubai Economy has also released its standards for the steps necessary to implement the Federal Decree-Law №26 of 2020’s 100% Foreign Ownership Policy. What Has Changed Since 100 % foreign ownership Dubai Rule Took Effect? The Commercial Companies A...

Services Provided By Spectrum Accounting Services in Dubai Enhancing your goods and services and growing your company through sales should be your top priorities when it comes to running a corporation. You might not be an expert in such fields, but managing important organisational parts like financial management requires skilled, trained, and technological hands. The best course of action in this situation is to choose an accounting firm to oversee these areas of your business. Accounting firms give you access to experts who have received the training necessary to offer specialised financial services to both people and businesses. Professional  accounting firms in Dubai  provide a range of services, including fundamental day-to-day bookkeeping, auditing, consulting, and many more, that may be personalised to match your unique needs. They often serve as an external financial oversight service for your business, no matter how big or little. Accounting Services in Dubai — Spectr...

  Auditing Services in Dubai To fit your company's demands, Spectrum Auditing services in Dubai provides audit and assurance services. We provide internal audit services to meet regulatory requirements as registered auditors with the Ministry of Economy in the United Arab Emirates. Offering appropriate solutions necessitates a thorough awareness of sectoral and local legislation. Spectrum - The Approved Auditors in Dubai Additionally, Spectrum Internal Auditing Services is a recognised auditor in some free zones. (JAFZA), Dubai Multi Commodity Center (DMCC) Ras Al Khaimah Economic Zone (RAKEZ) Dubai Silicon Oasis (DSO) Dubai Technology Entrepreneur Campus – DTEC Dubai South Free zone (DWC) and various other free zones A few banks have also approved Spectrum Auditing as a bank approved auditor. Why need of Auditing Services in Dubai in necessary? Reason 1 Performing an audit to feel more secure about annual financial figures Reason 2 2. obtaining other forms of financing, such as...