Essence Accounting and Bookkeeping Co. L.L.C assists 500+ UAE businesses with professional accounting services in Dubai. We handle bookkeeping, WPS payroll, IFRS financial statements, VAT accounting and corporate tax compliance — fully managed by FTA-registered chartered accountants in Business Bay, Dubai.
Quick Answer: Essence Accounting provides comprehensive accounting and bookkeeping services in Dubai and across the UAE. Services include monthly bookkeeping, IFRS financial reporting, payroll & WPS, VAT & corporate tax compliance. FTA-approved agency (TAN 30006266). Save up to 60% vs in-house accounting. From AED 999/month. Get free quote →
FTA-approved team. Save up to 60% vs in-house. Response in 30 minutes.
“We switched from an in-house accountant to Essence — 60% cost saving and our IFRS financials are always ready well before audit. Best decision we made.”
“Essence handles everything — bookkeeping, payroll, VAT, corporate tax. I focus on growing the business. They handle the compliance. Completely stress-free.”
UAE businesses face a unique set of accounting obligations — VAT compliance, corporate tax compliance, WPS payroll, IFRS financial reporting, and FTA record-keeping requirements. Meeting all these demands with in-house staff is expensive and complex.
Essence Accounting provides end-to-end accounting services designed specifically for UAE businesses. From day-to-day bookkeeping to annual financial statements and corporate tax-ready accounts, we handle every financial management need — so you can focus on running your business.
Our accounting team works with all major cloud platforms including Xero, QuickBooks, and Zoho Books. We also provide on-site support at your Dubai office if preferred.
| Cost Factor | In-House Accountant (Dubai) | Outsourced via Essence Accounting |
|---|---|---|
| Monthly Salary | AED 5,000 – AED 15,000 | Included in package |
| Visa & Medical Insurance | AED 8,000 – AED 15,000/year | Not applicable |
| Accounting Software | AED 2,000 – AED 6,000/year | Included |
| VAT Filing Expertise | Requires additional specialist | FTA-approved team included |
| Corporate Tax Compliance | Requires additional CT specialist | Fully integrated |
| Annual Total Cost (est.) | AED 80,000 – AED 220,000+ | Fraction of in-house cost |
* Estimates based on mid-size Dubai business with standard accounting needs. Contact us for a customised quote.
Businesses with revenue exceeding AED 50 million, listed entities, and Qualifying Free Zone Persons must prepare IFRS-compliant audited financial statements. Essence Accounting prepares these as the basis for both CT and audit purposes.
All UAE mainland employers must process salaries through the Wage Protection System (WPS) via approved banks or exchange houses. Non-compliance can result in license suspension. We manage full WPS payroll processing.
Your accounting records must be structured to support quarterly VAT filing. Every purchase invoice, sales invoice, and credit note must be properly recorded with correct VAT treatment — or your FTA returns will be incorrect.
UAE Corporate Tax Law requires all taxable persons to maintain financial records for a minimum of 7 years. These records must support the figures in your CT return and be available for FTA inspection if requested.
UAE banks require updated financial statements for financing applications, account opening, and credit limit reviews. Regular management accounts from Essence Accounting ensure you are always bank-ready.
Businesses with related-party transactions must maintain transfer pricing documentation under UAE CT rules. Our accounting services include the financial data extraction needed to support transfer pricing analysis.
Our integrated approach means your accounting records automatically support your VAT return filing and corporate tax filing — no duplication of effort. For growing businesses, explore our Virtual CFO services or cloud accounting solutions to scale your financial management.
We are an FTA-registered tax agency (TAN 30006266) — your accounting and VAT compliance handled by the same qualified team.
Deep expertise in UAE accounting law, FTA requirements, and IFRS — built over a decade serving Dubai businesses.
We work with Xero, QuickBooks, and Zoho Books — giving you real-time financial visibility from anywhere.
Central Dubai office at Iris Bay Tower for in-person meetings, document handover, and ongoing support.
Fixed monthly fees. No hidden charges. Cancel anytime. All packages include FTA-compliant bookkeeping.
For new businesses & sole traders in UAE
For SMEs & growing UAE businesses
For groups, multi-entity, & high-volume businesses
All prices are indicative. Final fee depends on transaction volume and complexity. Contact us for a custom quote.
See how Essence Accounting compares to freelancers and in-house accountants.
Own a UAE mainland or free-zone company but live abroad? You are not alone. Thousands of overseas residents hold UAE trade licences and need fully managed, compliant accounting without being in the country.
We manage your accounting, VAT, and corporate tax remotely — fully compliant, no need to be in the country. Our team communicates via WhatsApp, email and video call, and all reporting is shared through your cloud accounting platform so you have full visibility at all times.
Whether your UAE company is in DMCC, DIFC, Jebel Ali, or on the Dubai mainland, Essence Accounting handles 100% of the accounting work remotely. Many of our clients are in the UK, Europe, India, and across the GCC.
Enquire About Remote AccountingFull cost breakdown, package comparison, ROI vs. in-house hire. Download free — no spam.
Bookkeeping, financial reporting, payroll, VAT accounting, and IFRS compliance — all from an FTA-approved firm. Contact us today for a free, no-obligation quote.
Regulatory Disclosure: Essence Accounting and Bookkeeping Co. L.L.C is a private, FTA-registered tax agency providing professional advisory and filing-assistance services. We are not a government entity and are not affiliated with or endorsed by the Federal Tax Authority beyond our registration as a tax agent. Any government fees are paid by the client directly to the Federal Tax Authority; our fees cover professional advisory services only.
