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VAT Consulting
It is important for every Company before starting their business within UAE to understand the UAE market and client base. It is better to get advice on the Market experts on this. After company is incorporated, it is important to set up process to ensure the smooth operation of the entity. Finally, after number of years of continuance of the business, you need to assess value of your business. REAM supported several clients in UAE in feasibility study, process mapping and business valuation in various industries – courier, Bakery and sweets preparing, transportation, properties and contracting.
ECONOMIC SUBSTANCE REGULATION (ESR)
In the year 2019, ESR has been implemented in UAE to ensure that the entities conducting business within UAE have substance in the state. Substance in the state mainly covers the number of employees within UAE, operating expenditures incurred within UAE and assets within UAE adequate to execute the business transaction. Every company who is conducting a relevant activity mentioned in the ESR Guideline is required to submit a Notification in the form prescribed within 6 months from the end of the financial year and Report within 12 months from the end of the financial year, if applicable. REAM is supporting several clients in assessing the applicability of ESR on each entity, assisting in submission of Notification and Reporting.
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We successfully supported more than 200 clients in VAT, audit, accounts and other financial advisory services.