Accounting Services in Dubai, One of the UAE's Top Firms
Velmont Crest provides accounting services in Dubai, bookkeeping services Dubai SMEs need, VAT services UAE support, corporate tax services UAE filings and CFO advisory across Dubai mainland and free zone companies.
Velmont Crest is among the top accounting firms in Dubai for SMEs — FTA-compliant accounting services in Dubai covering bookkeeping, VAT and corporate tax for mainland and free zone companies, with clear monthly pricing and no surprise fees.
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 UAE SMEs switch their accounting to Velmont Crest.
Dubai Mainland Accounting and Free Zone Accounting Services
Real UAE compliance expertise built on FTA, MoF and Ministry of Economy guidance, applied to your licence type, VAT position, corporate tax exposure and filing cycle.
UAE compliance specialists
Mainland, free zone and QFZP rules handled with the right accounting treatment from day one.
Calendar-driven workflow
Bookkeeping, VAT returns and corporate tax reviews stay aligned with your UAE filing calendar.
Accounting Support Built Around VAT, CT and Bookkeeping
Your business gets clear accounting support, plain-English answers, fixed monthly fees and UAE compliance work that stays connected to your real filing obligations.
Direct WhatsApp support
Ask questions about bookkeeping, VAT, corporate tax and deadlines without waiting through a ticket queue.
Fixed monthly fees
Predictable accounting retainers with clear scope and no surprise hourly billing.
Velmont Crest is a leading accounting firm in Dubai, supporting UAE SMEs with VAT, corporate tax, bookkeeping, CFO advisory and AML compliance. From everyday financial operations and financial reporting to audit-ready financial statements, internal controls and audit assistance, we keep your books compliant and help improve efficiency — built around the rules SMEs face every month.
UAE VAT and corporate tax law
Mainland VAT, corporate tax, 9% tax treatment, QFZP rules and FTA guidance kept current for UAE SMEs.
FTA-compliant VAT filing
VAT registration, quarterly returns, refunds, reconciliations and audit-defensible 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.
Mainland and free zone accounting
Accounting support for Dubai mainland and free zone 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.
Audit-ready 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.
Three engagements that show how Velmont Crest handles backlog accounting, VAT services, corporate tax and audit-ready reporting for UAE SMEs. Client details anonymized at request.
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 audit-ready 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, no surprise fees.
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 — introduce UAE SMEs that need accounting, VAT or corporate tax, and earn a one-time commission on their first-year fee. The more you refer, the higher your tier and your rate.
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.
Nine company-attributed client voices across bookkeeping, VAT preparation, corporate tax and audit support, presented with logo-led proof and real engagement context.
Questions UAE SMEs 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.