Professional Accounting Services for Your Business in the UAE
ALPINE GROUP Offers Comprehensive Accounting Services for Businesses in the UAE
Financial Reporting Requirements in the UAE
Who is required to maintain financial records?
- All taxable entities are required to prepare financial statements in accordance with IFRS. Article 20 of Federal Decree-Law No. 47 of 2022
What financial thresholds trigger mandatory audited financial reporting?
- The obligation to prepare and maintain audited financial statements applies to all taxable persons whose income for the tax period exceeds 50 million dirhams, as well as to all Qualified Persons (QFZP) registered in the Free Economic Zone. Article 2 of Ministerial Decision No. 82 of 2023
Can the FTA require the taxpayer to submit financial statements?
- Yes, the FTA (Federal Tax Authority of the UAE) may, by notifying or making a decision, require the taxable person to submit financial statements used to determine the taxable income for the tax period, in the prescribed form and within the specified deadlines. Article 55 of Federal Decree-Law No. 47 of 2022
Why is reliable financial reporting necessary?
- For the purpose of determining the profit on which the corporate tax calculation will be based. Article 20 of Federal Decree-Law No. 47 of 2022
What is the retention period for financial statements and primary documents in the UAE?
- - At least 7 years. Article 56 of Federal Decree-Law No. 47 of 2022
How is the client management system structured?
- Confidentiality of information is a priority when providing accounting services. Therefore, the interaction process begins with the signing of a confidentiality agreement (NDA).
- After signing the NDA, we request information about the client's business to understand the types and volumes of operations, and we send you a tailored commercial proposal that takes into account all the specifics of your business.
- After all terms are agreed upon and the contract is signed, an accountant is assigned to you, and a chat is created for prompt communication on all matters.
Advantages of Accounting Services with ALPINE GROUP
- Team of professionalsThe foundation of our large international team consists of qualified professionals with international experience, who perform their functions in tandem with a team of tax specialists
- Work organization and data protectionThe company's employees work in an office where the workflow for client and counterparty support is organized in accordance with internal regulations. All employees are bound by confidentiality agreements (NDA). A multi-level data protection system is used to store client information. The work utilizes programs and cloud systems accredited by the FTA (Federal Tax Authority of the UAE): First Bit, Zoho Books, Zoho WorkDrive, and others
- Ongoing communication with the clientWe maintain continuous communication with the client and actively engage with their employees through convenient messaging platforms
- Established experience in communication with the FTAWe have extensive experience working with the Federal Tax Authority (FTA) of the UAE. Our specialists regularly communicate with FTA representatives, which enables us to promptly address issues related to tax reporting, compliance requirements, and dispute resolution..
- Audit supportWe provide full support to the client throughout the process of undergoing an audit with an external auditor
- Individual and creative approachWe approach each client's tasks with flexibility and a constructive attitude, striving to find effective solutions both in accounting and in tax accounting and tax planning
Full-cycle accounting services in the UAE include:
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- Implementation of tax accounting and preparation of tax registers for corporate tax and VAT purposes
- Support for the financial statement audit
- Transfer pricing services – development of Local File, Master File, CbC Report, and TP disclosure form
- And also:
- Payroll calculation
- Human resources administration
- Preparation of corporate documents (resolutions, minutes, etc.), registration of changes"
Order a service
Services for regular accounting and financial statement preparation include the following:
- Recording client transactions in the accounting software database
- Communication with suppliers and the client regarding the receipt of primary documentation related to the client's business activities, upon authorization from the client
- Monthly closing of the calendar (reporting) month in the client's accounting system
- Monitoring changes in legislation related to accounting and coordinating the implementation of appropriate amendments to the client's accounting policies for accounting purposes, as well as making agreed-upon changes based on other grounds provided by UAE legislation
- Informing the client about the status of specific tasks, as well as about the information and resources required by the client to receive the services
- Providing consulting to the client on issues related to recording transactions in accounting
- Reconciliations with all counterparties
- Interaction with the client's auditors during the audit process
- Carrying out other client assignments related to the preparation and submission of reports
What determines the cost of our services:
- Type of activity
- Company registration location and the presence of branches or representative offices
- Number of banking transactionsPresence of assets on the balance sheet (including buildings/structures, intellectual property rights, etc.)
- Presence of transactions with related parties
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Our team
The ALPINE GROUP team works every day to provide the best service for our clients
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Maria Vershinina
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Sergey Gerasimov
Partner
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Natalia Pushkina
Partner
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Maxim Klyuchnikov
Partner
Sergey Gerasimov
Sergey's overall professional experience exceeds 20 years, during which he has successfully provided tax and legal consulting in the private capital sector. For the past three years, he has been leading a team of over 20 experts at ALPINE Tax.
Sergey's biography includes leading ALTHAUS Private Tax (the private clients practice within ALTHAUS) as Managing Partner for five years. Prior to that, he was a Partner in ALTHAUS's tax practice for eight years; earlier in his career, he spent five years providing international tax consulting at BDO and other law firms.
Sergey's expertise is recognized by prestigious international and Russian rankings: Chambers & Partners, International Tax Review (World Tax), The Legal 500, Best Lawyers, Kommersant, and Pravo.ru.
Sergey's biography includes leading ALTHAUS Private Tax (the private clients practice within ALTHAUS) as Managing Partner for five years. Prior to that, he was a Partner in ALTHAUS's tax practice for eight years; earlier in his career, he spent five years providing international tax consulting at BDO and other law firms.
Sergey's expertise is recognized by prestigious international and Russian rankings: Chambers & Partners, International Tax Review (World Tax), The Legal 500, Best Lawyers, Kommersant, and Pravo.ru.
Natalia Pushkina
Natalia holds a master's degree in finance and investments, with over 15 years of cumulative international professional experience in finance, accounting, insurance, and banking.
- Specializes in providing tailored investment solutions aligned with each client's individual needs, managing investments and financial affairs for high-net-worth private clients in the CIS and African markets.
- Extensive experience in investment projects and products.
- Capital management in UAE banks (corporate structures, wealth preservation and planning, citizenship programs, banking relationships across different Emirates).
- Experience in managing capital and assets in the markets of the Gulf countries, Africa, and the CIS.
Maxim Klyuchnikov
Maxim's overall professional experience exceeds 20 years. Under his leadership, the following projects have been successfully completed:
- Development of the holding structure for Transmashholding
- Development of the holding and operational structures (for component supply) for United Aircraft Corporation (UAC)
- Development of the holding structure for Sovcomflot
- International tax structuring projects for Lukoil
- Taxation issues for Transneft
- Qualification of carbon offset units for tax purposes for EuroChem
- Development of accounting and tax methodology for the wholesale electricity and capacity market in Russia
- Structuring for Aviaseils
- Over 400 projects related to the development of personal holding mechanisms
Maria Vershinina
Maria has 25 years of experience in corporate finance and tax consulting, particularly in business planning and structuring, international tax planning and structuring, and transfer pricing.
Currently, Maria specializes in tax consulting for corporate clients, tax structuring, transfer pricing, developing tax strategies, and identifying and analyzing tax and corporate risks.
Currently, Maria specializes in tax consulting for corporate clients, tax structuring, transfer pricing, developing tax strategies, and identifying and analyzing tax and corporate risks.
Contacts
Телефон:
+7 925 436 18 97 (WhatsApp Russian speaker)
+971 54 279 90 51 (WhatsApp English speaker)
Email:
pc@aigroup.ae
Adress:
A215 Park Towers DIFC,
Dubai International Financial Centre,
Dubai, United Arab Emirates
+7 925 436 18 97 (WhatsApp Russian speaker)
+971 54 279 90 51 (WhatsApp English speaker)
Email:
pc@aigroup.ae
Adress:
A215 Park Towers DIFC,
Dubai International Financial Centre,
Dubai, United Arab Emirates
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