Accounting, Bookkeeping, VAT & Tax Services in Dubai
Velmont Crest provides accounting, bookkeeping, VAT filing and corporate tax services in Dubai for SMEs comparing reliable accounting firms.
We keep the books, prepare VAT returns and organise corporate tax records for Dubai SMEs on a fixed monthly fee. If you are comparing top accounting firms in Dubai, we give you current records, clear filings and a named accountant who knows your file.
Free zone company setup in the UAE — official channel partner of Meydan Free Zone & RAKEZ.
Velmont Crest is a direct commissioned agent and official channel partner of Meydan Free Zone and RAKEZ, and a referral partner across other major UAE free zones including DMCC, IFZA and SHAMS. So we handle your business setup in Dubai and the wider UAE end to end — company formation, trade licence and visas — then run the bookkeeping, VAT and corporate tax that follow. One provider, from licence to compliance, with no hand-off gap.
Authorised Channel Partner
Meydan Free Zone
A central-Dubai free zone popular with service, consultancy and trading businesses. As an official channel partner and direct commissioned agent, we handle your Meydan free zone company formation directly — faster processing, a single point of contact, and partner-grade handling from application to trade licence.
Authorised Channel Partner
RAKEZ
Ras Al Khaimah Economic Zone — one of the UAE's most cost-efficient free zones for trading, industrial and SME company formation. As an official RAKEZ channel partner we give you a direct channel, smoother licensing, and budget-friendly free zone setup done right the first time.
Beyond Meydan and RAKEZ, Velmont Crest is a referral partner across other major UAE free zones — including DMCC, IFZA, SHAMS, DIFC, ADGM and JAFZA — so we can match your company to the right free zone or mainland licence, whatever your activity and budget.
Three reasons business owners switch their accounting to Velmont Crest.
Accounting Set Up Around Your Actual UAE Structure
We start with the documents that drive the numbers: trade licence, TRN status, bank feeds, prior filings and free-zone requirements. That keeps the monthly work tied to how your business really operates.
Local treatment from day one
Mainland, free-zone and QFZP details are checked before we build the chart of accounts.
Deadlines visible early
VAT and corporate-tax dates are built into the monthly close instead of handled at the last minute.
Most questions are small when they are answered in the same month. We keep communication direct, scope clear and pricing predictable so finance does not become another moving part.
Direct WhatsApp support
Send the invoice, contract or bank question while it is still fresh.
Fixed monthly fees
The retainer is agreed up front, and out-of-scope work is discussed before it starts.
Numbers You Can Hand to a Bank, Auditor or Tax Portal
By month-end, the records should explain themselves: bank reconciliations match, source documents are attached, open balances are clear and the next filing is not a surprise.
Workpapers kept current
Balance-sheet schedules are updated during the year, not rebuilt from memory.
Filing dates tracked
Returns are prepared early enough for review, questions and approval.
Velmont Crest is a Dubai accounting firm for businesses that need VAT, corporate tax, bookkeeping, CFO advisory and AML support kept in one monthly rhythm. We keep the records current enough to answer tax, audit and management questions before they become urgent.
UAE VAT and corporate tax law
Mainland VAT, corporate tax, 9% tax treatment, QFZP rules and FTA guidance kept current for growing companies.
VAT filing support
VAT registration, quarterly returns, refunds, reconciliations and workpapers prepared for FTA review.
CFO advisory Dubai
Board packs, KPI dashboards, 13-week cash forecasts, budgeting and financial modelling without a full-time finance hire.
AML compliance advisory
goAML registration support, AML programme design, KYC framework and policy guidance for DNFBP-regulated activities.
Licence-aware accounting
Accounting support for Dubai companies, including DMCC, JAFZA, DIFC, ADGM, RAKEZ and other UAE structures.
Bookkeeping cleanup and monthly close
Catch-up bookkeeping, ledger cleanup, bank reconciliations and monthly close routines that keep management accounts reliable.
Year-end financial statements
IFRS-aligned financial statements, schedules, supporting files and audit assistance prepared before auditors request them.
E-invoicing readiness
Invoice process review, data checks and system readiness planning for UAE e-invoicing and cleaner tax documentation.
Cash flow and owner reporting
Cash visibility, receivables tracking, payable planning and owner-friendly reporting packs for faster decisions.
14 months of backlog accounting cleared and overdue VAT returns approved.
Challenge Inherited 14 months of unreconciled books, six overdue VAT returns, and an outstanding administrative penalty notice from the prior accountant.
What Velmont did
Full reconstruction of GL + bank reconciliations across the gap
Six overdue VAT returns prepared, supported and filed
Penalty defence via voluntary disclosure mechanism
Transition to monthly closing (by the 5th) on continuation
Outcome
Books clean and reconciled within 6 weeks. All six overdue VAT returns approved by FTA without amendment. Penalty notice resolved via voluntary disclosure. Client retained on ongoing monthly retainer.
Hospitality · Single-outlet café (JLT)
Quarterly VAT filings moved on time and FTA queries reduced to zero.
Challenge Quarterly VAT filings consistently 4–6 weeks late under prior accountant. Mixed-rate revenue (dine-in vs delivery vs zero-rated exports) handled inconsistently, triggering FTA queries on every return.
What Velmont did
Rebuilt VAT chart with proper rate mapping by SKU/channel
Quarterly cycle re-aligned to FTA calendar with internal cut-offs
Eligible refund review on capital inputs (kitchen fit-out)
Monthly close moved to by the 5th — VAT prep no longer a fire-drill
Outcome
100% on-time filings across the last four cycles. First eligible input-tax refund (AED 11,400) processed within 22 days of submission. Zero FTA queries since handover.
Free-Zone Consultancy · DIFC
QFZP corporate tax position reviewed and evidence prepared.
Challenge First-year corporate tax (post-2023 introduction) — QFZP eligibility unclear due to mixed qualifying / non-qualifying revenue streams. Risk of falling to 9% on the full base.
What Velmont did
Revenue analysis against UAE QFZP qualifying-income rules
Substance + de-minimis evidence pack for QFZP defence
Workpaper file structured for future FTA audit if requested
Outcome
QFZP status confirmed via revenue analysis and substance evidence pack. 0% effective rate maintained on qualifying income. Audit-defensible paper trail in place. Client retained for ongoing CT cycle.
Accounting Pricing
Fixed monthly accounting retainers with clear scope.
Clear monthly pricing for bookkeeping, VAT, corporate tax and accounting support. Backlog cleanup and one-off advisory work are quoted separately.
Starter
Essential bookkeeping for startups and freelancers.
Business-setup agents, consultants, lawyers and happy clients can introduce businesses that need accounting, VAT or corporate tax support and earn a one-time commission on the first-year fee.
Referral
20%
of first-year fee
Join — refer your first client
Bronze
25%
of first-year fee
3+ referred clients a year
Silver
30%
of first-year fee
6+ clients — plus referrals back to you
Gold
35%
of first-year fee
12+ clients — co-marketing + featured
One-time commission of up to 35% of your referred client's first-year fee.
Partner badge + listing — show your status, get listed on our partner page.
Paid within 5 business days of the client's first payment — no long waits.
Your referral gets a free first VAT & corporate-tax health-check.
Questions owners ask before hiring an accounting firm.
Clear answers grounded in current FTA, MoF and Ministry of Economy guidance.
When do I need to register for VAT in the UAE?
Mandatory registration kicks in when your taxable supplies exceed AED 375,000 over the last 12 months — or you expect to exceed it in the next 30 days. Voluntary registration is available from AED 187,500.
What's the corporate tax rate for SMEs in the UAE?
9% on taxable income above AED 375,000. The first AED 375,000 is taxed at 0%. Small Business Relief lets you treat revenue as zero if you're under AED 3M turnover (subject to election + conditions).
Do free zone companies pay corporate tax?
Free zone entities can be Qualifying Free Zone Persons (QFZP) at 0% on qualifying income — but only if they meet substance, qualifying-activity and de minimis rules. Non-qualifying income is taxed at 9%. We assess this per-entity, not by zone.
How often do I file VAT returns?
Quarterly is standard. Larger turnover (AED 150M+ annually) files monthly. Returns and payments are due 28 days after the end of the tax period — no grace period from the FTA.
What's the difference between mainland and free zone licences?
Mainland = trade anywhere in the UAE + government work; subject to standard corporate tax. Free zone = 100% foreign ownership in older zones, customs benefits, potential 0% CT under QFZP rules. The right structure depends on who you sell to, not what's cheapest to set up.
Do I need an audit?
Mandatory for: mainland LLCs above certain thresholds, all DMCC and DIFC entities, any QFZP claiming 0% CT. Strongly recommended for SMEs with external investors, bank financing, or planning to raise. We handle audit prep regardless.
How do you handle backlog accounting?
One-off engagement, quoted on scope. We rebuild your chart of accounts, reconcile all bank and card statements, prepare prior-period filings if needed, and hand over clean books. Typical 12-month backlog: 2–4 weeks of work.
How quickly can you take over my books from another accountant?
Discovery call within 48 hours. Clean handover document, prior-period review and gap report within the first week. Live cycle start the following month. We handle the actual handoff conversation with the outgoing accountant if you'd rather not.