The importance of accounting services in Dubai has increased significantly since the implementation of VAT at the start of 2018 and the subsequent enactment of new laws & regulations especially relevant to economic substance. Also, some of Free Zones in UAE have started requiring companies to submit year ended audited financial statements provided by their accounting services provider. These laws necessitated for businesses to have adequate accounting and bookkeeping systems Small and Medium-Sized Entities (SMEs) are particularly affected by this. Read more