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Trust Foundations

Accounting Services

In-house chartered accountants will provide you with accounting services, including preparation of financial statements (Balance Sheet, Profit & Loss Statement, Cash Flow Statement and Bookkeeping Services (Recording of business transactions, posting of ledgers, reconciliation of bank statements and accounts). Our fees and services are based on your business activity.

  • Accounting requirements for majority of offshore company:
    To keep records identifying the company’s transactions and the company’s financial status (Assets and liabilities of the company). The non-compliance with this requirement will be subject to substantial fine.
  • Accounting requirements for Free Zone Companies and UAE Offshore Company:
    The same requirements may apply for the majority of them (RAK FTZ, JAFZA, DMCC, RAKIA..) reserving the right to the free zone authority to call for audited statements (JAFZA, RAKIA) if required or require an annual filing (DMCC..)