FAQs
Bookkeeping
Do small businesses in the UAE need bookkeeping services?
Yes, all businesses must maintain proper financial records as per UAE Commercial Companies Law and tax regulations.
Can AYBE Consulting manage bookkeeping for free zone companies?
Absolutely, we handle bookkeeping for both mainland and free zone businesses in compliance with local requirements.
How often should bookkeeping be done?
It depends on your business size most SMEs prefer monthly bookkeeping, but we also offer quarterly and yearly support.
Will I have access to my financial data anytime?
Yes, we provide cloud based access so you can track your financials securely, anytime.
Corporate Tax Advisory & Filing
Who needs to file corporate tax in the UAE?
All businesses earning taxable income above the threshold (AED 375,000) must file corporate tax returns.
Can AYBE Consulting help reduce my corporate tax liability?
Yes, through tax planning and structuring strategies that ensure compliance while optimizing tax outcomes.
How often do I need to file corporate tax returns?
Corporate tax in the UAE is filed annually with the Federal Tax Authority (FTA).
Do free zone companies need to pay corporate tax?
Yes, we provide cloud-based access so you can track your financials securely, anytime.
VAT Registration & Return Filing
When is VAT registration mandatory in the UAE?
When your taxable supplies exceed AED 375,000 annually, VAT registration is required.
What happens if I don’t register for VAT on time?
The FTA imposes significant fines and penalties for late registration.
How often are VAT returns filed in the UAE?
Most businesses file VAT returns quarterly, though some may be required to file monthly.
Can AYBE Consulting assist with VAT refunds?
Yes, we handle VAT refund applications and ensure timely processing with the FTA.
Financial Reporting & Analysis
Why is financial reporting important for UAE businesses?
It ensures compliance, supports decision making, and helps attract investors or financing.
Do you provide customized reports for management?
Yes, we prepare tailored reports like P&L, balance sheets, and cash flow statements for your business needs.
Are your reports compliant with international standards?
Absolutely, we prepare reports in line with IFRS, which is mandatory in the UAE.
Can you help analyze business performance trends?
Yes, our financial analysis highlights KPIs, profitability, and growth opportunities.
Audit Preparation & Support
Is an audit mandatory for UAE businesses?
Yes, most free zone authorities and banks require audited financial statements.
What documents are needed for an audit in the UAE?
Financial statements, invoices, VAT filings, contracts, and bank reconciliations are typically required.
How does AYBE Consulting support during audits?
We prepare your books, review compliance, and liaise with auditors to simplify the process.
Can you help if my company has past non-compliance issues?
Yes, we identify gaps, correct records, and ensure you’re ready for a smooth audit.
CFO Services & Strategic Advisory
Why should I outsource CFO services instead of hiring full-time?
Outsourcing provides expert financial leadership at a fraction of the cost of a full-time CFO.
Can your CFO services help with fundraising in the UAE?
Yes, we prepare financial models, forecasts, and reports for investors and lenders.
Do you assist with mergers and business expansion?
Absolutely, we provide financial due diligence, structuring, and advisory for growth.
How flexible are your CFO services?
We offer monthly, quarterly, or project-based engagements tailored to your needs.