Delivering insight-driven solutions with
integrity and global standards.
Absolutely. We assist with company formation in:
VAT at 5% applies to most goods and services in the UAE. If your taxable turnover exceeds AED 375,000 annually, VAT registration is mandatory. Businesses with turnover above AED 187,500 can voluntarily register.
Effective June 1, 2023, the UAE introduced a 9% Corporate Tax on business profits exceeding AED 375,000 annually.
Yes, but Qualifying Free Zone Persons (QFZPs) may still enjoy 0% tax if they meet specific substance, income source, and regulatory conditions. We help assess eligibility and maintain compliance.
Non-compliance can lead to administrative penalties, including:
We help businesses avoid these through regular compliance reviews.
Yes. All taxable persons — including mainland companies, free zone entities, and certain non-residents — are required to register for Corporate Tax with the Federal Tax Authority (FTA)
Penalties : AED 10,000 for late registration
Audit requirements depend on your business structure:
Yes, we are:
Our audit fees are based on:
We offer competitive pricing and clear quotes with no hidden costs.
Risk Assessment: Identify and assess money laundering risks in your business.
Know Your Customer (KYC): Verify client identity, business structure, source of funds.
Customer Due Diligence (CDD): Apply risk-based checks on customers (Standard or Enhanced).
Suspicious Transaction Reporting (STR): Report unusual or suspicious activity to the UAE FIU via the goAML portal.
Record Keeping: Maintain customer and transaction records for at least 5 years.
Appoint AML Compliance Officer: Designate an officer responsible for overseeing compliance.
Training & Awareness: Train staff on AML laws and internal policies.
Internal Policies & Controls: Implement written AML procedures and internal controls.
Salim Rajkotwala Chartered Accountants
Al Masraf Tower, #1608
Baniyas Road
Deira
P.O. Box: 40972
Dubai, U.A.E.
Office 402, Al Bannai Building,
Al Qassimia, Sharjah
United Arab Emirates
P.O.Box 8125, SAIF Lounge
Sharjah International Airport Free Zone
Sharjah
Office 802, Bin Naser Tower,
Near Electra Park, Abu Dhabi,
United Arab Emirates
MGI Worldwide is a leading international network of separate and independent accounting, legal and consulting firms that are licensed to use “MGI” or “member of MGI Worldwide” in connection with the provision of professional services to their clients. MGI Worldwide is the brand name referring to a group of members of MGI Ltd., a company limited by guarantee and registered in the Isle of Man with registration number 013238V, who choose to associate as a network as defined in IESBA and EU rules. MGI Worldwide itself is a non-practising entity and does not provide professional services to clients. Services are provided by the member firms of MGI Worldwide. MGI Worldwide and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.
