What are UAE company Accounts?
UAE company accounts are those accounts that are being operated for commercial and business purposes by companies and firms. Read more: Dubai Company Registration
Archives: FAQs
Is audit mandatory for all companies in UAE?
According to the Commercial Companies Law, it is necessary for all the corporations in UAE to conduct an audit every year. The audit of companies is mandatory for all businesses. Read more: Dubai Company Registration
What accounting is used in UAE?
The IFRS, International Financial Reporting Standards, is used as the mandatory accounting standard for businesses and financial activities as regulated by the Central Bank of UAE. Read more: Dubai Company Registration
How long does it take to open a business bank account in the UAE?
It takes a time period of two to four weeks to open a business bank account in the UAE. Read more: Dubai Company Registration
Can I use my personal bank account for business in the UAE?
Conducting business activities through a personal bank account in the UAE is not allowed. In order to open a business or a company, you need to open a corporate bank account and use it for business purposes only. Read more: Dubai Company Registration