Data Entry and Bookkeeping Services

Are you a business owner struggling to keep track of your financial activity in check? Are you bearing extra costs and fines for missing out your tax filing and payments? If you are facing problems in managing experienceccounts or wasting a great deal of time tallying your cash inflow and outflow, then it is time to call our account specialists.
Start-up Village provides you a comprehensive solution in data entry and bookkeeping. Recording your daily transactions to making invoices to tallying your sales and purchase ledgers, our financial experts will handle all the nitty-gritty admin works for you.

Services we provide

• Keep an up-to-date account of your business transactions
• Maintenance of ledgers
• Tracking and notifying payables and receivables
• Recording your sales and purchase
• Invoice creation
• Bank reconciliation
• Maintenance of asset/stock ledger
• MIS report generation
• Guidance in basic accounting, invoicing and record keeping and more

Benefits for choosing us

• Helps in budgeting – Having a proper book of accounts means you have a grip on your income and expenses. This in turn will help you to plan ahead and manage your finances accordingly.
• Tax filing – You will never miss to file your tax returns and avoid unnecessary audits from authorities, if you have a transparent bookkeeping system.
• Save time and money – You can be stress free once we take care of your bookkeeping tensions. By hiring us, you can avoid the expense of having a full time accountant. The time saved from all experiencedministrative works could be utilized in improving your business performance in core areas.

To know more about Data Entry and Bookkeeping Services, speak to us

CFO Services

Businesses often require an expert Chief Financial Officer (CFO) who can assist in formulating company’s long term goals, help them with organization structure, assist in gathering, reviewing and interpreting financial and operational data to improve efficiency. For SMEs, start-ups and upcoming entrepreneurs, hiring a permanent CFO is not viable experiencee of the expense.
Fret not! Experiencee Start-up Village provides you industry best CFO services at affordable pricing for your business requirements. Our CFO services have flexible payment options like hourly, fixed or service based payments. We offer on site, part-time and virtual CFO assistance to our customers.

What our CFO experts do

• Help in creating and implementing strategic business plans
• In-depth financial analysis & tax planning
• Help in budgeting process including funding/investments and insurance requirements
• Formulating key performance indicators for the company
• Acting as an advisory body to CEO/company management
• Supporting in business valuation, due diligence and negotiations during merger/acquisitions
• Liaise with investment bankers/auditors and investors
• Training and monitoring the accounts department
• Risk analysis and management
• Regular monitoring of internal controls and procedures
• Review of contracts with suppliers, customers and insurers
• Annual budget preparation
• Formulating and implementing SOP
• Generate MIS report
• Providing accurate financial information with analysis
• Continuous compliance checks with legal, audit and other regulatory bodies

To know more about CFO Services, speak to us

VAT Consulting and Filing

Value Added Tax otherwise called VAT was introduced in the Emirates from 2018. In UAE, VAT is levied at a standard rate of 5% for all products and services. In simpler terms VAT is a consumption tax imposed on a product or commodity. It is levied from manufacturing stage to purchase stage. Irrespective of the income, if you are a consumer, you have to pay VAT. According to UAE laws, taxable person or a business operating in the country has to file VAT returns as per Federal Tax Authority norms. Oftentimes calculating and filing of VAT becomes cumbersome for businesses but failing to file the returns can have critical impact on your business too.
Start-up Village provides you end-to-end solution for your VAT filing requirements. Our professional VAT consultants will assist you in proper filing of your taxes in competitive prices. Our services are transparent and compliant with the regulations and offer solutions faster.

Services we provide

• Tax Consulting/advisory services – We will analyse your tax position and offer you a holistic and compliant solution.
• Provide you with tax optimization, implementation and trainings
• VAT registration – We ensure that your book of accounts are proper before registration to avoid malpractices. Help you with facilitating the needed documents before applying.
• VAT return filing – We support clients on filing the VAT return form 201. We ensure necessary guidance to reconcile input VAT and output VAT. Our services ensure computation of tax liability and check whether information comply with VAT law or other regulations.
• VAT deregistration – For businesses who are going to close or have already closed their operations, deregistration of VAT is equally important. We ensure a hassle free VAT deregistration.
• VAT training – Along with providing various VAT filing services suiting your business, our experienceed accounting professionals can train your team about VAT laws and regulations.

To know more about VAT Consulting and Filing, speak to us

VAT Consulting and Filing

Conducting regular and annual audits is essential for any type of business. Along with improving the efficiency of your business, auditing helps is risk assessment, protect you from fraudulent activities and attracts healthy investments from legit sources and banks. Start-up Village provides both internal and external audits understanding your business requirements.

Internal Audit

Instead of hiring a permanent team, hire the experts of Start-up Village according to your need basis. Our team will first understand your business and your financial set up. They will identify risks and provide you with preventive solutions. Having regular internal audit will help your business to improve the operational efficiencies and mitigate risks. Our team will ensure the overall compliance of your business by thoroughly assessing your manual and operating processes.

External Audit

Administering external audits for your business will give you a much more accurate and unbiased assessment of your finances. It is also mandatory requisite to conduct external audits if your business is registered in the Emirates. While opting for an external audit team, one must ensure that they are credible audit agency identified by the authorities. Our external audit team are certified professionals who have years of experiencee auditing various industries such as tourism and hotel, real estate, hospitals and clinics, financial institutions, logistic and manufacturing companies to name a few. Our team will evaluate the risks and offer you with key solutions. They will identify if there is any mismanagement in your financial records. They will also provide you with an in-depth performance analysis.

To know more about Internal and External Audit, speak to us

Business Valuation

Are you a business owner who has plans to expand business or approach investors/banks for additional funding, or you just want to know your company’s performance and how much it is worth?
If you are facing with any of the above situation then it is time to call in our business valuation experts. Start-up Village’s expert team will identify your company’s current worth by analyzing your company’s revenue and expenses, assets and liabilities, operations and management and various other factors. Having appropriate business valuation helps in your decision making processes and gives you better idea on where you stand in the market.

To know more about Business Valuation, speak to us

Due Diligence

Due Diligence checks are done on businesses to identify whether they are investment worthy or not. These checks mainly help prospective investors/buyers to know the performance of the company/a business.

Start-up Village offers you with three different types of due diligence checks

• Business due diligence – We check the different operational aspects of a business and analyze its efficiency
• Financial due diligence – We review a company/business’ financial aspects like the liability it has, identify potential risk areas and other cautionary aspects
• Legal due diligence – We check whether an entity is legally bound and is compliant to the regulations

With Start-up Village’s tailor-made due diligence checks, you can now make informed decision before spending/investing your money on a business.

To know more about Due Diligence, speak to us

As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic Substance Regulations.

The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” listed below to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they undertake (“Economic Substance Test”).

Relevant Activities:​

• Banking Business
• Insurance Business
• Investment Fund management Business
• Lease – Finance Business
• Headquarters Business​​
• Shipping Business
• Holding Company Business
• Intellectual property Business (“IP”)
• Distribution and Service Center Business​

We will help our clients to submit an annual notification form to the Regulatory Authority , and complete an Economic Substance Report within 12 months from the end of their financial year. An entity is not required to meet the Economic Substance Test and file an Economic Substance Report for any financial period in which it has not earned income from a Relevant Activity or if it meets the conditions for being exempt.

As a prerequisite for submitting suspicious transactions reports (STRs) and Suspicious Activity Report (SAR), DNFBPs are mandated to register on the goAML system. The goAML system is an electronic system used to collect and analyse financial (and non-financial) information to confront money laundering and combat the financing of terrorism.

The following business activities are categorized as DNFBPs

• Real Estate;
• Dealers of Precious Metals and Stones;
• Accounting and Auditing Services;
• Company Service Providers; and
• Legal Consultancy Firms

Our experts will help you to complete all the necessary registrations and submissions to avoid penalties and hassles in the future.

Tax Residency Certificate issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income to which the UAE is a signatory.

TAX Residency Certificate for Treaty purposes:

Applicant is a natural person:

• Passport
• Valid Residence Permit
• Emirates ID
• A certified copy of residential lease agreement
• Source of income/salary certificate
• A bank statement issued by a local bank covering 6 months within the financial year related to the request
• Entry and exit report from Federal Authority of Identity and Citizenship or a local competent Government entity.
• Proof of permanent place of residence:

• Certified lease agreement or electricity bill under the name of the applicant.
• Title deed in case of private property.

Source of income:

• For self-employed individuals, provide a trade license and share certificate.
• If the applicant owns a property and uses the earnings as a source of income, provide a lease agreement if the property is leased.
• If the applicant is retired, provide a letter addressed to the FTA stating that they are using their own savings, bonds, or investments. Additionally, provide an official supporting document.
• If the applicant is sponsored by their husband or wife, provide a salary certificate or proof of income.
• Marriage certificate.

Applicant is a legal person:

• Trade License
• Proof of Authorization (Establishment Contract or the Power of Attorney)
• Copy of the audited financial report certified by an independent auditor, stamped and signed by the auditing company (The financial audit report must cover the same requested start date of the financial year in the application or the year before).

• Certified Lease agreement / tenancy contract.
• A bank statement issued by a local bank covering 6 months within the financial year related to the request
• Certified copy of the Memorandum of Association (if applicable)

Applicant is a legal person – Government entity:

• A copy of the Decree or the Certificate of Incorporation
• Request letter issued by the person (the Government entity)

Applicant is a Legal person / or Government entity applying for Commercial activity certificate:

• Requesting letter issued by the applicant for Commercial Activities Certificates
• Trade license

TAX Residency Certificate for Domestic purposes: As per cabinet decision number (27) for the year 2023

1. Applicant is a natural person spent in the UAE above 183 days:

• Passport and Emirates ID/ UAE Visa residence if available.
• Entry and exit report from Federal Authority of Identity and Citizenship or a local competent Government entity.

2. Applicant is a natural person spent in the UAE less than 183, and equal or more than 90 days:

• Passport and Emirates ID/ UAE Visa residence if available.
• Entry and exit report from Federal Authority of Identity and Citizenship or a local competent Government entity.
• Source of income/salary certificate/ Other proof of carrying on a business in the UAE. Or Proof of permanent place of residence: Title deed, EJARI, Utility Bills or Other long-term Rent Contract.

3. Applicant is natural person spent in the UAE less than 90 days or other situations:
4. Passport / EID
5. Entry and exit report from Federal Authority of Identity and Citizenship
6. Proof of Financial and Personal Interests (The place of the natural person’s occupation, familial and social relations, cultural or other activities, place of business, place from which the property of the natural person is administered and any other relevant facts and circumstances should be considered in the determination of whether a natural person’s centre of financial and personal interests is in the State).
7. proof of permanent place of residence: Title deed, EJARI, Utility Bills or Other long-term Rent Contract.)

The Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax (“Corporate Tax”) in the UAE and is effective for financial years starting on or after 1^st June 2023.
The introduction of Corporate Tax is intended to help the UAE achieve its strategic objectives and accelerate its development and transformation

The corporate tax registration in the UAE is applicable to all businesses, regardless of whether they are subject to a 0 percent or 9 percent corporate tax rate. This requirement depends on the specific needs of your business.

Broadly, Corporate Tax applies to the following “Taxable Persons”:

• UAE companies and other juridical persons that are incorporated or effectively managed and controlled in the UAE;
• Natural persons (individuals) who conduct a Business or Business Activity in the UAE as specified in a Cabinet Decision to be issued in due course; and
• Non-resident juridical persons (foreign legal entities) that have a Permanent Establishment in the UAE.

Startup Village boasts the most qualified and experienced tax consultants with extensive expertise in corporate tax registration. At Startup Village, our tax advisors provide high-quality services in the corporate tax registration process.