Accounting, in its simplest form, is the systematic recording and analysis of financial transactions pertaining to a business. This comprehensive process involves summarizing, assessing, and reporting financial operations to management entities, regulatory bodies, and tax collection authorities. A financial statement, often linked with accounting, provides an overview of a business’s financial transactions over a specified period. This document reveals crucial information about the economic status, operations, and net activities of the business. It’s noteworthy that in the Emirates, businesses are required to maintain their accounting records for a period of five years.

P.W, a leading firm in the industry, offers a broad spectrum of accounting and bookkeeping services in Dubai, catering to a diverse range of clients. Accounting considerations significantly influence the overall functioning of a business, regardless of its size or sector. Given Dubai’s global reputation as a coveted business hub, there’s a pressing need for cost-effective accounting services.

Many investors launching a business in Dubai or UAE with no prior experience prefer to delegate their accounting responsibilities to an external firm. As accounting is rooted in specific procedures and practices irrespective of the business type, it can prove challenging for investors unfamiliar with local business establishment practices. Thus, engaging a team of qualified accounting professionals can simplify these procedures, allowing the newly-formed business to concentrate on core issues.

PW offers comprehensive services covering essential requirements such as visa processing, document drafting, government liaising, bank account opening, and more. Our team of business setup consultants, PRO service executives, and compliance advisers ensures a hassle-free process in Dubai, UAE.