Essence Accounting provides professional accounting, bookkeeping, payroll, and financial reporting services in Dubai and across the UAE. Our FTA-approved team ensures your books are accurate, IFRS-compliant, and perfectly aligned with UAE VAT and corporate tax requirements.
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 compliance — no duplication of effort. For comprehensive financial management, see our accounting and financial advisory services.
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.
Bookkeeping, financial reporting, payroll, VAT accounting, and IFRS compliance — all from an FTA-approved firm. Contact us today for a free, no-obligation quote.
