If you're searching for a reputable and dependable company to obtain an auditing license in Dubai, look no further than Link Up Corporate Services. Our knowledgeable and experienced team will assist you from start to finish with the licensing process, utilizing their years of expertise in business setup and consultancy.
Starting an accounting firm in Dubai is a great opportunity, especially with major events happening in the city. This provides the chance to attract clients from abroad and establish a well-established business. Effective marketing and showcasing your firm at major exhibitions can help to elevate your brand and make it known on a global scale.
But, to start the firm, an individual must require an auditing license in Dubai. Without the license, it’s not possible to start any business in the UAE. At Link Up Corporate Services, we have helped many professionals in setting up their business legally in Dubai.
Why Start an Auditing Firm in Dubai?
Starting an auditing business in Dubai offers several benefits, including access to a large pool of talented and experienced personnel. With many people coming from different countries to work in Dubai, it is easy to find skilled employees for the auditing and accounting work. Furthermore, the UAE is a hub for business and work, making it the perfect location for an auditing firm. In addition, Dubai has a well-developed education system with numerous universities, providing access to fresh talent as well. With these advantages, auditing businesses in Dubai can thrive and grow quickly.
Benefits of doing business in Dubai
- No capital gain tax
- The value-added tax is very less
- No need to pay any kind of personal income tax
- No corporate tax at all
With the utilization of these advantages, an accounting firm can significantly reduce costs and channel those savings into expanding their business operations. This is one of the key factors that have contributed to the rapid growth of businesses in Dubai. The savings can also be directed towards other important expenses within the company.
By obtaining an auditing license in Dubai, a firm can offer its auditing and accounting services to various industries, making it one of the most sought after fields in the region. With a growth rate of approximately 25% in the last decade, the demand for these services is consistently increasing. Building strong relationships with clients through exceptional services and expertise is a key factor in growing your firm and acquiring more business opportunities in Dubai.
How A Firm Can Get an Auditing License in Dubai?
Step 1:While applying for the license, you must have a clear idea about your business. The firm needs to specify the business whether it’s tax consultancy, auditing or accounting. This is required to get the correct license for your business.
Step 2: Once you finalize the activity of the business, the next step is to decide the company name. This will surely take some time if you are starting the business in the UAE. But an expert like Link Up Corporate Services can help you to choose the best and effective name for the firm.
While choosing the firm name, you have to take care of many things. You can’t use any kind of offensive or blasphemous language. Also never copy the name of any big brands or organizations. The firm also needs to check whether the chosen name is available to register or not.
Step 3:Now this is one of the most important steps to consider. An individual can set up the firm in the mainland or in a UAE free zone. These both places have benefits as well as drawbacks.
Step 4:Once you have completed all the above steps, you are ready to give an application for an auditing license. To run your auditing or accounting business without any hassle, you have to apply for a professional service license. With such a license, you can trade as either auditor, accountant or tax consultant in Dubai.
Step 5:In this final step, you have to submit the license application directly to the Department of Economic Development (DED) or direct to one of the UAE’s many free zones. As a certified business consultant, Link Up Corporate Services can help you hereby submitting all the documents and application on your behalf.