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Requirement to file your DMCC Audit report for Year End 2018

In accordance to the Implementing Regulations in DMCC, Requirement No. 4.1SUBMISSION OF AUDITED FINANCIALS, all DMCC member companies including subsidiaries and branch companies are required to submit its Audited Financial Statements report and Audited Financial Statements Summary Sheet to the authority within 90 days after the end of each financial year. These reports must be certified by a certified accountant.

Asad Abbas & Co. (Chartered Accountants) is one of the most reputed Certified Accounting firm in Dubai that is well versed with stipulated audit regulations and preparation of the Year End Audit report for submission to DMCC. We have a vast experience & know-how of conducting such audits.

Besides this service, we of course provide Financial Statements Audit, Accounting & Business support to the highest level of standards in the industry not only domestically but also internationally for both public and private held businesses and sectors.. Asad Abbas & Co. (Chartered Accountants) is affiliated with PrimeGlobal International – the 5th largest association of approximately 300 highly successful independent public accounting firms in over 80 countries and a combined revenue of over over $2.5 billion.

We would highly welcome an opportunity to demonstrate our professional, efficient and personal approach to your company. So we invite you to contact us so that we may have the opportunity to serve you on your DMCC audit requirements and help you in achieving your goals.

Sincerely,

Asad Abbas, Partner
T: +971 4 432 9083
M: +971 52 263 9794

E: marketing@abbasaccounting.ae
Asad Abbas & Co. (Chartered Accountants)
Head Office:
Dubai Office: T: +971 4 432 9083 | F: +971 4 432 9084 | Dubai HQ: Aspect Tower Zone B, Office 405, Executive Towers D, Business Bay, PO Box 78142, Dubai, United Arab Emirates (Landmark: Al Saada Street side, Beside Taj Hotel near Choitrams
Abu Dhabi Branch Office, UAE: Tel.: +971 2 6282650 | Fax: +971 2 6282655 | Al Reem Island, Addax Tower, 35th Floor, Office 3505, Abu Dhabi, United Arab Emirates

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IFRS 16 CONTRACT LEASES

In line with our commitment to comply with the IFRS 16 updates, Asad Abbas & Co. (Chartered Accountants) has conducted training for its highly qualified accountants and auditors on the 30th December 2018, just right after the seminar held and conducted by the Chartered Accountants and Auditors in the UAE. The purpose of the seminar was to ensure that the firm is ready for the implementation on the 1st January 2019.

Mr. Asad Abbas, CPA, CFM guarantee all compliance with the regulation and proper implementation will be practiced. Follow and like our social media pages to know more about IFRS updates.

Call us to inquire Dubai T: +971 4 432 9083 Abu Dhabi T: +971 2 6282650 Mob: +971 52 263 9794 marketing@abbasaccounting.ae

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IFRS 16

Assad Abbas & Co. Employees attended IFRS 16 2019

Asad Abbas & Co. (Chartered Accountants) ensures that all its highly qualified accountants and auditors are well equipped with this new regulation. IFRS 16, Effective January 1,  2019, will kick off and it is required, that all businesses comply with this regulation. On Saturday, 15th November 2018, there are significant members attended the IFRS 16 LEASES organized by Accountants and Auditors in the UAE.

Another training was also conducted at the Dubai office premises of Asad Abbas & Co. (Chartered Accountants), on the 30th December 2018 to ensure that all the qualified Auditors and Accountants are fully equipped about the new IFRS update and to ensure proper readiness and compliance to the said regulation.

Mr. Asad Abbas, CPA, CFM guarantee all compliance with the regulation and proper implementation will be practiced.

Follow and like our social media pages to know more about IFRS updates.

Call us to inquire Dubai T: +971 4 432 9083 Abu Dhabi T: +971 2 6282650 Mob: +971 52 263 9794 marketing@abbasaccounting.ae Mob: +971 50 628 6518 info@abbasaccounting.com

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Establish your Company in Dubai

Do you have a business idea but don’t have any idea about the rules and regulations in the United Arab Emirates?

Asad Abbas & Co. (Chartered Accountants) will help you with all the advisory and we will cover everything you need in order to obtain your licenses and any other formalities during pre-establishment of your company, as well as your post-establishment requirements and help you in making your business up and running.

  • Business Plans and market entry support services

Our team of innovative professionals will help you craft a sound business plan with projections through market research, a sure-shot way to a startup revolution.

  • Advice on choosing a business structure

You have an array of options for the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, but it will also affect the amount of paperwork your business is required to do and the personal liability you face. You don’t have to decide alone; we’ll help you pick the structure that works best for you.

  • Registration of the entity

We understand that launching a new business can be an overwhelming task, that’s why we’re on-board to make registering a company in Dubai and the UAE as easy as possible. We’ll do all the leg work for you, liaising with the relevant authorities and government departments along the way to take the hassle out of company registration.

  • Help with opening a bank account

Opening a business bank account makes it easier to keep your business and personal cash flow separate. We’ll introduce you to specialist advisors in a number of reliable and established banks to help you open your corporate account with ease.

  • Outsourced accounting and compliance services

We’ll take over the headache of crunching your numbers so you could focus more on growing your business. Our comprehensive range of accounting services will help you comply with all the relevant reporting regulations as well as efficient tax services for all your personal or business tax needs enabling you to stay compliant to avoid costly penalties.

Setting up a business can feel like a never-ending to-do list – for us, but not for you. Simply supply us with all the relevant information about your vision for the company that you would like to establish in Dubai, and we’ll do the rest. We’ll even process the residence visas for you.

If you’re planning to establish a business in the UAE and you want to ensure compliance with all legal requirements while managing cost, Asad Abbas & Co. is your top choice. We offer an end-to-end service with a team of highly qualified professionals forming a package that is tailored to each company’s exact needs. Get in touch with us today and take that first step to make your entrepreneurial dreams a reality.

Get in Touch: Mobile: +971 52 263 9794 | www.abbasaccounting.com

Our Offices: Dubai Office: T: +971 4 432 9083 | Aspect Tower Zone B, Office 405, Executive Towers D, Business Bay, PO Box 78142, Dubai, United Arab Emirates

Abu Dhabi Office, UAE: Tel.: +971 2 6282650 | Fax: +971 2 6282655 | Al Reem Island, Addax Tower, 35th Floor, Office 3505, Abu Dhabi, United Arab Emirates

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INVESTING IN UAE

The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.

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