corporate tax registration

In the United Arab Emirates (UAE), it is mandatory for all eligible Taxable Entities, including free zone entities and individuals conducting business, to register for Corporate Tax as per the UAE Corporate Tax Law.

Corporate Tax Registration Deadlines in the UAE have been announced!

Fines of 10,000 AED will be levied for late Registration

As of March 1, 2024, a new law has been introduced outlining clear timelines for Corporate Tax registration in the UAE. Whether you’re a resident or non-resident entity, or a natural person conducting business activities, it’s crucial to stay informed. Here’s what you need to know:

📅 Resident Juridical Persons: Deadlines vary based on license issuance:

Date of License issuance irrespective of the Year of Issuance	Deadline for submitting a Tax Registration Application
January 1st - January 31st	31st May 2024
February 1st - February 28th/29th	31st May 2024
March 1st - March 31st	30th June 2024
April 1st - April 30th	30th June 2024
May 1st - May 31st	31st July 2024
June 1st - June 30th	31st Aug 2024
July 1st - July 31st	30th Sep 2024
Aug 1st - Aug 31st	31st Oct 2024
Sep 1st - Sep 30th	31st Oct 2024
Oct 1st - Oct 31st	30th Nov 2024
Nov 1st - Nov 30th	30th Nov 2024
Dec 1st - Dec 31st	31st Dec 2024
Where a person does not have a license at the effective date of this Decision	(3) months from the effective date of this Decision

Natural Persons

Resident Persons exceeding turnover threshold must register by March 31st of the subsequent year. Non-Resident Persons meeting the same criteria must register within three months of becoming subject to tax.

Penalty Alert

Failure to register within deadlines results in a penalty of AED 10,000. Ensure compliance to avoid financial implications and adhere to tax regulations in the UAE.

Why is Corporate Tax Registration necessary in the UAE?

The registration is mandatory for both profit-making and loss-incurred enterprises, and businesses are required to obtain a Tax Registration Number. The standard statutory tax rate is 9% on taxable income above AED 375,000, while taxable income up to AED 375,000 is charged at 0%.

Timeline For Registration

The registration process began in early 2023, and businesses must register for Corporate Tax within a specific timeline. The registration application must be submitted to the Federal Tax Authority, and taxable businesses must file a tax return to the FTA no later than nine months after the end of the financial year. The UAE’s corporate tax law is designed to meet international tax standards and foster economic growth and stability.

Exemptions From Corporate Tax Registration

Exemptions are available for certain entities, such as government entities, government-controlled entities, and small businesses with revenue of AED 3 million or less. The UAE’s corporate tax law is designed to meet international tax standards and foster economic growth and stability. Now you can register for Corporate Tax with our comprehensive Registration services that are designed to guide businesses across the Mainland and Freezones through the intricacies of compliance with the Federal Tax Authority (FTA).

Register For Corporate Tax Services

Whether your company is new to the UAE market or has been a long-standing participant, Registering for Corporate Tax is now mandatory. This requirement stands irrespective of previous VAT registrations with the FTA. Our services ensure your business aligns seamlessly with these new regulations.

Simplified Process for Branches

For companies operating across multiple Emirates, our streamlined approach ensures that your branches are correctly registered under the main license (head office). This efficiency eliminates the need for multiple registrations, ensuring a hassle-free compliance process.

Registration for Mainland and Freezone Businesses

Eligibility for Tax Group Formation

Businesses in the UAE now have the opportunity to register as part of a Tax Group, offering potential administrative ease and financial benefits. To qualify, your business must meet specific criteria:

The parent company should hold at least 95% of share capital and voting rights in its subsidiaries.
Entitlement to a minimum of 95% of profits and net assets of subsidiaries.
Adherence to uniform financial years and accounting standards across all group entities.

Why Choose ADEPTS

Expertise and Experience

At Adepts Chartered Accountants, our team consists of highly skilled professionals with extensive experience in managing complex regulatory and accounting standards. We are proficient in both local and international regulations, ensuring our services are accurate and fully compliant.

Tailored Solutions

Recognizing the unique nature of each Business, we offer customizable services designed to align with your specific needs and business objectives. We collaborate closely with you to understand your requirements and deliver solutions that achieve optimal results.

Time and Cost Efficiency

By choosing our services, you benefit from significant savings in time and resources. Our solutions are engineered to be cost-effective, providing high-quality support without the need for substantial internal investment.

Accuracy and Compliance

We prioritize accuracy and compliance in every aspect of our service. Our meticulous approach and rigorous procedures ensure precision and adherence to standards, reducing the risk of errors and the potential for non-compliance penalties.

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

ISO Certification and Advisory

ISO certification is an internationally recognized mark of quality, safety, and efficiency. It's granted by independent third-party bodies and provides assurance that a company adheres to certain standards and best practices

What is ISO Certification?

ISO certification is an internationally recognized mark of quality, safety, and efficiency. It’s granted by independent third-party bodies and provides assurance that a company adheres to certain standards and best practices.

Benefits of ISO Certification

Enhanced Reputation

ISO Certification enhances your business’s reputation by demonstrating your commitment to meeting international standards.

Improved Operational Efficiency

Following the principles and guidelines laid out in ISO standards can lead to improved operational efficiency and quality assurance.

Global Recognition

ISO certification is internationally recognized, which can enhance your business reputation and provide a competitive edge in the global market.

Compliance with Regulations

Many industries require ISO certification as a part of regulatory compliance. Achieving ISO certification ensures your business adheres to industry-specific regulations.

Procedure to get ISO certification

Understand the ISO Standard

The first step is to understand the specific ISO standard you want to apply for (e.g., ISO 9001 for quality management, ISO 14001 for environmental management, etc.). Each standard has its own requirements and principles, so comprehending what is expected is crucial.

Gap Analysis

Perform a gap analysis to identify the differences between your organization’s current practices and the requirements of the ISO standard. This can be done internally, but an external expert can often provide more objective insights.

Develop an Action Plan

Based on the results of the gap analysis, create an action plan to address the gaps. This plan should include objectives, tasks, deadlines, and responsible parties.

Implement Changes

Carry out the activities in your action plan. This could involve modifying existing processes, developing new policies, or conducting training sessions.

Internal Audit

Conduct an internal audit to verify your organization’s compliance with the ISO standard. The purpose of this audit is to identify any nonconformities that need to be addressed before the external audit.

Management Review

Hold a management review meeting to analyze the effectiveness of the ISO system and to make decisions about continual improvement.

Certification Audit

Arrange for a certification body to conduct the certification audit. This audit typically occurs in two stages: a preliminary audit to review your organization’s readiness and a final audit where the auditor will thoroughly examine your organization’s conformity to the ISO standard.

Certification

If the audit is successful, the certification body will issue an ISO certification. This certification is valid for three years, after which a recertification audit is needed.

Our ISO Certification Services

End-to-End ISO Certification Assistance

At Adepts Chartered Accountants, we guide businesses through every stage of the ISO certification process. From understanding your business needs to preparing for the certification audit, our team of experts is by your side, offering you professional advice and support.

ISO Certification Consulting

Our ISO certification consulting services help you understand the specific ISO standard relevant to your business and the processes involved in getting certified. We break down complex ISO standards into manageable steps that your team can follow easily.

ISO Compliance Audits

We conduct comprehensive ISO compliance audits to evaluate your business’s current operations against specific ISO standards. We identify any gaps and provide recommendations for improvement, ensuring you’re well-prepared for the certification audit.

ISO Training Services

Our ISO training services educate your staff about the specific ISO standards your business is targeting and the benefits of ISO certification. We provide practical knowledge on how to incorporate ISO standards into daily business operations.

Documentation Assistance

Proper documentation is key to achieving ISO certification. Our team assists with the creation and management of all necessary documentation, helping to streamline your processes and ensure you’re ready for the certification audit.

Post-Certification Support

Once you’ve achieved ISO certification, our services continue. We offer post-certification support to help maintain your compliance and to continuously improve your operations as per the ISO standards.

frequently asked questions

How long does it take to get ISO certified?

The time to get ISO certified depends on the size and complexity of your organization. On average, it could take between 3 to 6 months.

Do I need to renew my ISO certification?

Yes, ISO certifications have a validity period, usually three years. However, there are surveillance audits conducted annually to ensure you are maintaining the ISO standards.

What is the cost of getting ISO certified?

The cost of ISO certification varies depending on the size of your business, the type of ISO standard, and the certification body you choose.

Can a small business get ISO certified?

Yes, any size of business in any industry can become ISO certified. The standards are designed to be flexible and can be adapted to the needs of any organization.

What is the benefit of ISO certification for my customers?

ISO certification gives your customers confidence that your business operates according to internationally recognized standards, leading to higher customer satisfaction and trust.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Fixed Asset Management Services

At Adepts Chartered Accountants, we offer a comprehensive suite of Fixed Asset Management Services designed to meet the unique needs of businesses operating in the UAE

As a trusted and reputable provider of internal audit services in the UAE, we are dedicated to helping businesses achieve their objectives and maintain compliance with regulatory requirements. Our team of highly skilled and experienced professionals is committed to delivering tailored solutions that address your unique needs and add value to your organization.

Fixed Asset Management Services

Fixed Asset Management involves the strategy and processes for managing a company’s physical and intangible assets. The key components include asset acquisition, recording, depreciation, maintenance, and disposal. Effective Fixed Asset Management is crucial for accurate financial reporting, budget planning, and operational efficiency.

Importance of Fixed Asset Management

Financial Accuracy

Accurate tracking and valuation of fixed assets ensure reliable financial reports. Mistakes can lead to incorrect profit calculations and flawed financial decisions.

Tax Compliance

Accurate depreciation calculation is essential for tax purposes. Companies can deduct depreciation from taxable income, reducing the tax liability.

Budgeting and Planning

Asset management informs future budgets and business plans. Knowing the lifecycle of assets helps plan for maintenance, replacements, and new acquisitions.

Operational Efficiency

Tracking asset utilization can highlight inefficiencies and identify underused assets. This information can drive operational improvements.

Risk Management

A comprehensive fixed asset register helps manage risks related to asset loss, theft, or damage. It also supports insurance claim processes.

Audit Preparedness

Well-managed asset records simplify the audit process, making it easier to provide necessary documentation and answer auditor queries

Benefits of Outsourcing Fixed Asset Management Services

Expertise and Knowledge

Outsourcing allows you to leverage the knowledge and expertise of specialists. They are well-versed in the latest regulations and best practices related to fixed asset management.

Time-Saving

Our team examines your business processes to identify areas for improvement and optimization. We analyze process efficiency, internal controls, and compliance with relevant policies and procedures, providing recommendations for streamlining operations.

Accuracy and Compliance

Professionals ensure accurate calculations, timely updates, and strict adherence to accounting standards and tax laws, reducing the risk of errors and penalties.

Scalability

As your business grows and the number of your fixed assets increases, an outsourced service can easily adapt to handle the larger workload.

Objective Insight

External experts bring a fresh, unbiased perspective to your asset management, helping identify inefficiencies and recommending improvements.

Our Fixed Asset Management Services

Fixed Asset Register Maintenance

We maintain an up-to-date and accurate Fixed Asset Register, helping you track, control, and manage your assets effectively. This includes keeping track of purchases, disposals, transfers, and the current status of each asset.

Depreciation Calculation

We provide precise calculations of asset depreciation in accordance with the relevant accounting standards and tax regulations, ensuring your financial statements and tax returns are accurate.

Asset Verification and Tagging

Our team conducts thorough physical verification of assets and tags them for easy identification and tracking. We reconcile the physical verification results with the existing asset records to ensure accuracy.

Drafting Fixed Asset Policies and Procedures

We assist in creating robust fixed asset policies and procedures that set clear guidelines for asset acquisition, use, maintenance, and disposal, ensuring consistency in asset management.

Fixed Asset Audits

We conduct detailed audits of your fixed assets to confirm their existence, condition, and value, providing reassurance that your assets are appropriately managed.

Advisory Services

We provide strategic advice on fixed asset management best practices, helping you optimize asset utilization, plan for future needs, and make informed financial decisions.

frequently asked questions

What is a Fixed Asset Register?

A Fixed Asset Register is a comprehensive record of all fixed assets owned by a company. It includes details such as the purchase date, cost, accumulated depreciation, and net book value.

Why is asset tagging and verification important?

Asset tagging and verification ensure that physical assets align with the recorded financial data. It aids in accurate tracking, managing, and auditing of assets.

How is depreciation calculated for fixed assets?

Depreciation is typically calculated using either the straight-line method or the reducing balance method, as per relevant accounting standards and business practices.

What do fixed asset policies and procedures entail?

Fixed asset policies and procedures set guidelines for asset acquisition, usage, maintenance, and disposal, ensuring consistency and compliance in asset management.

What is involved in a fixed asset audit?

A fixed asset audit involves verifying the existence, condition, and value of assets. It confirms that the physical assets match the records in the Fixed Asset Register.

Why Choose ADEPTS

Expertise and Experience

Our team comprises highly skilled professionals with extensive experience in fixed asset management. We are proficient in UAE regulations and global accounting standards, providing you with accurate, compliant services.

Tailored Solutions

We understand that each business is unique. Our services are customizable to suit your specific needs and business objectives. We work closely with you to understand your needs and deliver optimal solutions.

Time and Cost Efficiency

By outsourcing your fixed asset management to us, you save valuable time and resources. Our services are designed to be cost-effective, providing high-quality solutions without the need for substantial internal investment.

Accuracy and Compliance

We prioritize accuracy and compliance in all our work. Our meticulous approach and thorough procedures ensure that your fixed assets are managed and recorded precisely, reducing the risk of errors and non-compliance penalties.

Dependable Service

We are dedicated to delivering reliable, consistent service. We believe in building long-term relationships with our clients, based on trust, integrity, and mutual respect.

VAT Consultation

At Adepts Chartered Accountants, we specialize in providing top-tier VAT Services to businesses in the UAE. Our qualified team is well-versed in the intricacies of UAE VAT laws and regulations, ensuring your business complies while optimizing your tax position.

Understanding VAT

Value Added Tax (VAT) is a form of indirect tax imposed on goods and services at each stage of production or distribution. Ensuring compliance with UAE VAT regulations can be complex and requires expert guidance.

Benefits of VAT Services

Ensuring Compliance

VAT laws and regulations can be complex. Professional VAT services help ensure your business complies with these laws, minimizing the risk of penalties or legal issues.

Simplifying Processes

VAT services streamline the process of calculating, filing, and paying VAT. This can reduce the administrative burden on your team and increase efficiency.

Strategic Planning

VAT services can provide strategic guidance on how to optimize your tax position, potentially saving your business money.

Risk Management

By regularly reviewing your VAT processes and providing advice on best practices, VAT services can help manage the risk of errors or oversights.

Training and Education

VAT service providers often offer training for your team, enhancing their understanding of VAT and improving their ability to handle VAT-related tasks effectively.

Time and Resource Allocation

With a professional handling your VAT obligations, your business can focus on its core activities, utilizing time and resources more effectively.

Keeping Up with Changes

VAT regulations may change over time. VAT services ensure your business stays updated and compliant with the latest rules.

Boosting Business Growth in UAE with Strategic VAT Services

Cost Efficiency

VAT services can identify potential areas for tax savings or recoveries, which can be reinvested into your business. By analyzing your business operations and supply chain, these services can suggest changes to your business model that can help minimize your VAT liability.

Business Decisions

VAT services can provide valuable insights into your business’s financial performance and the impact of VAT on your operations. These insights can aid strategic decision-making and planning, helping your business adapt to changes and seize opportunities.

Resource Management

With a VAT service handling your VAT obligations, you can free up time and resources to focus on other aspects of your business. This can help improve productivity and allow for faster growth.

Reputation

Compliance with tax laws also enhances your business’s reputation among stakeholders, including investors, customers, and the government. This can open up new opportunities and attract further investment.

Market Expansion

If you’re planning to expand your business within the UAE or internationally, VAT services can provide guidance on the tax implications of such expansions, helping you plan effectively and minimize risks.

Our VAT Consulting Services

VAT Registration

Starting with a comprehensive assessment of your business, we guide you through the registration process, helping you understand the nuances of VAT application. We take care of all the paperwork and liaise with the tax authority on your behalf to ensure a smooth registration process.

VAT Return Filing

We assist you with accurate calculation of your tax liability and guide you through each step of the VAT return filing process. We review all the transactions to prevent any potential discrepancies and file the return within the stipulated deadline, minimizing the risk of penalties.

VAT Compliance Review

We conduct a thorough review of your existing VAT processes, including how VAT is calculated, reported, and paid within your organization. Our aim is to identify any potential areas of non-compliance or inefficiency and provide solutions to ensure that you meet all VAT requirements.

VAT Implementation

We assist in the implementation of VAT-compliant systems within your organization, ensuring that you are well-equipped to handle all VAT-related processes. This includes aligning your accounting systems and processes with VAT requirements, guiding on appropriate documentation, and helping set up a proper invoicing system.

VAT Refund Services

We assist in the complex process of claiming VAT refunds. Our team verifies the legitimacy of the claims, prepares necessary documents, and follows through with the authorities until the refund is secured.

VAT Impact Analysis

We analyze the financial and operational impact of VAT on your business, providing insights that allow you to make informed decisions and implement effective strategies.

FTA Audit Assistance

During an FTA audit, our team provides invaluable support, ensuring all records are in order and any inquiries are promptly and accurately addressed.

VAT Periodical Return Review Assistance

We provide ongoing support in reviewing your VAT returns periodically to ensure accuracy and consistency, identifying errors or discrepancies and suggesting corrections.

VAT Historical Return Review

We scrutinize your past VAT returns to identify any potential errors or oversights that might result in penalties, helping rectify any issues promptly.

Voluntary Disclosure Submission

In case of errors or omissions in your VAT returns, we assist with the voluntary disclosure process, ensuring transparency and minimizing the impact of penalties.

Reconsideration Submission

: If you disagree with a decision made by the FTA, we can help submit a reconsideration application, advocating for your interests

Appeal to the TDRC

Should the need arise, we can assist you in appealing FTA decisions to the Tax Disputes Resolution Committee (TDRC), providing all the necessary support and guidance.

VAT Group Amendment

We assist with amendments to VAT group registrations, whether it’s adding or removing members or updating information.

TAX Code Mapping

Our team helps you map your accounting systems with appropriate tax codes, simplifying your VAT accounting and ensuring accurate reporting.

VAT Accounting Records Compliance

We help ensure your VAT records comply with the legal requirements, reviewing and organizing your documents and processes to ensure they meet all FTA standards.

VAT Training

We offer comprehensive VAT training programs, customized to the needs of your team. Our training covers the fundamentals of VAT, how to calculate and report VAT, and updates on any changes in the VAT law. This equips your team with the knowledge and skills necessary to handle VAT-related tasks efficiently.

VAT De-registration

If your business no longer meets the mandatory VAT registration requirements, we can assist with the VAT de-registration process. We ensure that all obligations are fulfilled prior to de-registration and help you navigate through the process smoothly.

frequently asked questions

What businesses need to register for VAT in the UAE?

Businesses with an annual turnover of more than AED 375,000 are required to register for VAT in the UAE.

What if my business makes an error on a VAT return?

If errors occur, we assist with the voluntary disclosure process to rectify the errors and minimize the impact of any penalties.

What is a VAT return and how often is it filed?

A VAT return is a formal document that details your business's VAT transactions and must be submitted to the FTA, typically every quarter.

What are the penalties for non-compliance with VAT regulations?

Penalties can range from fines to imprisonment, depending on the severity of the non-compliance.

What is a voluntary disclosure, and when should it be used?

Voluntary disclosure is a way for businesses to rectify errors or omissions in their VAT returns. It should be used when you discover inaccuracies that lead to tax implications.

Why choose Adepts Chartered Accountants for VAT services?

ADEPTS Chartered Accountants LLC is a premier accounting and bookkeeping firm in UAE, offering reliable services to manage income and expenditure, as well as helping clients to adhere to International Financial Reporting Standards (IFRS). Our team of professional financial advisors provides cost-effective solutions to meet long-term goals with exceptional accuracy and precision.

Expertise

Our team of certified accountants has extensive experience and an in-depth understanding of VAT laws in the UAE. We are equipped to provide accurate, efficient, and compliant VAT solutions tailored to your business.

Full-Service Offerings

From VAT registration and return filing to compliance reviews and training, we offer a comprehensive suite of VAT services, meaning you have one trusted partner for all your VAT needs.

Tailored Approach

We understand that each business is unique. Our approach is customized to your business's specific needs, industry, and operations to deliver the most effective results.

Proactive Communication

We keep you updated on changes in VAT laws, ensuring that you're always compliant and informed. Our team is accessible and ready to address your queries or concerns.

Value for Money

Our competitive pricing coupled with the value we add to your business through our expertise and services ensures you receive an excellent return on your investment.

Company Formation in Al Hamriyah

Al Hamriyah Free Zone is an emerging free zone in the UAE known for its simplicity, speed, and security in company formation. It offers businesses a strategic location with access to key global markets and a friendly business environment

Company Formation in Al Hamriyah

Types of Licenses in Al Hamriyah

Trading License
Industrial License
Service License
Professional License

Procedure for Al Hamriyah Company Formation

Business Plan Submission

Prepare and submit your business plan and other required documents for initial approval. This includes the company’s nature of business, intended activities, ownership details, and the preferred type of license.

Initial Approval

Once your business plan is reviewed and approved, you will receive initial approval to proceed with the company formation process

Select Premises

Choose the type of office space you require, whether it be a flexi desk, executive office, warehouse, or industrial land. The lease agreement will be prepared upon selection.

Apply for License

Submit the application for the type of license you require – Commercial, Industrial, or Professional, depending on your business activities. Provide all necessary documents, including passport copies, application forms, and other legal documents.

Pay the Fees

Upon approval of your license application, you will be required to pay the respective fees for license issuance and lease of your chosen premises.

License Issuance

Upon successful payment, the Al Hamriyah Free Zone Authority will issue the license, lease agreement, and other related documents.

Open a Bank Account

With all the legal documents, you can proceed to open a corporate bank account for your company.

Process Visas

Finally, you can process visas for your employees and dependents if applicable.

Our Al Hamriyah Company Formation Services

Consultation and Planning

Our experienced consultants will provide you with an in-depth understanding of the Al Hamriyah Free Zone rules, regulations, and benefits. We assist you in making informed decisions by evaluating your business model, growth plans, and industry requirements.

License Assistance

Our team guides you through the entire process of obtaining the appropriate license, be it a commercial, industrial or professional one. We help you understand the requirements for each type of license and assist in gathering and submitting the necessary documents.

Documentation and Legal Formalities

We handle all the paperwork related to the company formation process. This includes the preparation and submission of the application forms, the Memorandum and Articles of Association, and other required legal documents.

Bank Account Opening

As part of our services, we also assist in opening a corporate bank account for your newly formed company. We guide you through the procedures and requirements set by the UAE banks.

Office Setup Assistance

We provide assistance in finding suitable office spaces or warehouses based on your business needs. We also guide you through the registration and lease agreement process.

Visa Services

Our team assists you with the process of applying for visas for your staff, dependents, and investors. We help with the medical tests, emirates ID registration, visa stamping, and renewals.

Post Incorporation Services

After the formation of your company, we offer a variety of post-incorporation services such as bookkeeping, accounting, VAT registration, auditing, and payroll services. This allows you to focus on the growth of your business while we handle the regulatory aspects.

Benefits of Al Hamriyah Free Zone Company Formation

Strategic Location

Al Hamriyah Free Zone is located in Sharjah, the third-largest emirate in the UAE. Its location provides excellent connectivity to local and international markets, being proximate to the Sharjah International Airport and major seaports.

Tax Benefits

Companies in Al Hamriyah Free Zone can enjoy 100% exemption from corporate, income, and personal taxes. There’s also no customs duty for goods and services within the free zone.

No Restrictions on Repatriation of Profits

There are no restrictions on capital repatriation or transfer of profits made in the free zone to a foreign account.

Ease of Doing Business

Al Hamriyah Free Zone provides a seamless and hassle-free business setup process. Businesses also benefit from efficient administration services, including quick document processing, licensing, and visa applications.

State-of-the-art Infrastructure

The free zone offers modern facilities like offices, warehouses, and industrial lands that can cater to the needs of various types of businesses.

frequently asked questions

How long does it take to set up a company in Al Hamriyah Free Zone?

The company setup process can typically be completed in 2-3 weeks, once all the required documentation is in place and submitted. The timeframe can vary based on the specifics of each case.

What are the visa options for employees in Al Hamriyah Free Zone?

Al Hamriyah Free Zone allows for the issuance of visas for your employees, with the number of visas being linked to the size of the office space or warehouse that you lease.

Do I need to lease a physical office space for my business in Al Hamriyah Free Zone?

Al Hamriyah Free Zone allows for the issuance of visas for your employees, with the number of visas being linked to the size of the office space or warehouse that you lease.

Can my Al Hamriyah Free Zone company conduct business inside and outside UAE?

Yes, a company formed in Al Hamriyah Free Zone can conduct business internationally and with other Free Zone companies in the UAE. However, for mainland UAE operations, you may need a local distributor or agent.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Company Formation in SHAMS

SHAMS, or Sharjah Media City, is one of the newest and most desirable free zones for entrepreneurs and businesses in the UAE. Offering a dynamic environment and exceptional facilities, SHAMS is the perfect place for creativity to flourish

Company Formation in SHAMS

Types of Licenses

Service License
Trading License
Industrial License
Holding License

Procedure for SHAMS Company Formation

Business Activity Selection and Name Approval

Identify the activities your business will undertake, and select a trade name. Submit these for approval.

Application Submission

Fill out the application form and submit it along with the required documents, such as passport copies, business plan, and CV (if applicable).

Payment

Upon receiving initial approval, you’ll need to pay the necessary fees to get your trade license issued.

License Issuance

After the payment is processed, your business license will be issued. Now, you can conduct business under your new company’s name.

Establishment Card and Visa Processing

Once your license is issued, the next step is to apply for an establishment card, which will allow you to process visas.

Benefits of SHAMS Company Formation

Ease of Set-up

The process of setting up a business in SHAMS is straightforward and investor-friendly.

Cost-Effective

Compared to other free zones, the cost of setting up a company in SHAMS is quite affordable, making it attractive for startups and small businesses.

No Physical Office Requirement

There is no need for a physical office to set up a business in SHAMS.

Variety of Business Activities

SHAMS allow for a wide range of business activities, making it a versatile choice for many different types of businesses.

No Currency Restrictions

There are no restrictions on currency movement, providing ease of international business and transactions.

Residence Visa

It provides an opportunity for the business owner and their employees to get a UAE residence visa.

Strategic Location

SHAMS is conveniently located, providing businesses with easy access to both the eastern and western global markets.

Our SHAMS Company Formation Services

Comprehensive Consultation

We understand that each business is unique and requires specific strategies and solutions. Our experts will provide a comprehensive consultation to understand your business objectives and guide you on the most suitable license type and business structure.

Documentation Assistance

Our adept team assists you in gathering, preparing, and submitting all the required documents for the company formation process in SHAMS. We ensure that all your paperwork is accurate, complete, and submitted on time to avoid unnecessary delays or rejection.

Business Licensing

Adepts Chartered Accountants will guide you in selecting the most suitable business activity for your company and apply for the right business license accordingly. Whether it’s a commercial license, service license, or industrial license, we’ve got you covered.

Legal and Compliance Guidance

Navigating the legalities and regulations in a foreign country can be complex. We help you understand the UAE and SHAMS legal and compliance landscape, and ensure that your business complies with all necessary regulations and laws.

Post-Formation Support

Our services don’t just stop at company formation. We offer post-formation support to help your business in SHAMS thrive. From accounting and bookkeeping to VAT registration and compliance, we provide a range of business services to help you focus on growing your business while we take care of the rest.

frequently asked questions

What type of businesses can be formed in SHAMS?

SHAMS is open to a wide variety of business types and industries, including media, trade, services, and consultancies among others.

What documents are required for company formation in SHAMS?

Typically, you would need a passport copy, visa copy, and a business plan, among other documents. The exact requirements can vary depending on the type of business and license.

How long does the company formation process in SHAMS take?

The duration can vary depending on the type of business and the speed of document submission, but typically it can take from a few days to a couple of weeks.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Legal Counselling

Welcome to Adepts Chartered Accountants, your trusted provider of Legal Counselling services in the UAE. We understand the complex legal landscape and the challenges businesses and individuals face in navigating the legal framework. Our experienced team of legal professionals provides strategic and practical advice to help you make informed decisions and effectively manage legal matters

What is Legal Counseling?

Legal counseling is the provision of professional advice and guidance on legal matters. It involves assessing legal issues, providing insights into laws and regulations, and offering recommendations to help individuals and businesses make informed decisions and manage legal risks.

Importance of Legal Counseling

Legal Compliance

Ensure compliance with applicable laws and regulations, minimizing legal risks and potential penalties.

Risk Management

Identify and mitigate legal risks, protecting your interests and assets.

Business Growth and Expansion

Receive expert advice on legal matters related to business growth, mergers and acquisitions, contracts, and more.

Cost-Effective Solutions

Legal counseling can help you explore cost-effective solutions and alternatives, minimizing legal expenses while still achieving desired outcomes.

Long-Term Protection

Legal counseling provides long-term protection by helping you understand and navigate the legal landscape, ensuring your rights and interests are safeguarded.

Our Legal Counseling Services

Legal Consultation

We offer expert guidance and advice on various areas of law, assisting clients in understanding their legal rights, obligations, and potential risks.

Contract Review and Drafting

Our legal professionals help clients with contract drafting, reviewing, and negotiation to ensure clarity, fairness, and protection of their rights and interests.

Regulatory Compliance

We assist businesses in navigating complex regulatory frameworks, ensuring compliance with applicable laws and regulations specific to their industry.

Legal Research and Opinions

Our legal professionals conduct in-depth research and analysis on legal matters to provide clients with accurate and up-to-date information for informed decision-making.

Legal Representation

We offer legal representation services, advocating for our clients’ interests in legal proceedings, including negotiations, settlements, and litigation.

Our Approach to Legal Counseling Services

At Adepts Chartered Accountants, we follow a meticulous and tailored approach to internal audit, ensuring that our services align with the specific needs and objectives of our clients. With our expertise and commitment to excellence, we strive to deliver comprehensive and valuable insights to enhance your organization’s operations, risk management, and internal control systems.

Client Understanding

We strive to understand our clients’ unique needs, circumstances, and objectives. We take the time to listen and gather comprehensive information to tailor our advice and solutions accordingly.

Comprehensive Analysis

We conduct thorough analysis of legal matters, considering relevant laws, regulations, and precedents. Our team carefully examines all aspects of the case to provide accurate assessments and practical recommendations.

Clear Communication

We believe in clear and transparent communication. We ensure that complex legal concepts and processes are explained in a way that clients can easily understand. We keep our clients informed at every stage, empowering them to make informed decisions.

Ethical and Professional Conduct

We adhere to the highest standards of professional ethics and conduct. Our team maintains confidentiality, integrity, and professionalism throughout the legal counseling process.

Collaboration and Support

We foster a collaborative relationship with our clients, working as trusted advisors and partners. We provide ongoing support, address any concerns, and guide our clients through legal complexities with empathy and dedication.

frequently asked questions

Do I need legal counseling if I have a small business?

Legal counseling is beneficial for businesses of all sizes. It helps you navigate legal complexities, ensure compliance, protect your rights, and make informed decisions to mitigate risks.

How much does legal counseling cost?

The cost of legal counseling services may vary depending on factors such as the complexity of the matter, scope of services, and the expertise of the legal professionals involved. We offer competitive pricing and can provide a tailored quote based on your specific needs.

Can you help with legal disputes or litigation?

Yes, we have experience in dispute resolution and can provide guidance and representation in legal disputes, whether through negotiation, mediation, or, if necessary, litigation.

Is legal counseling confidential?

Yes, client confidentiality is of utmost importance to us. We adhere to strict professional and ethical standards, ensuring that all discussions and information shared during the legal counseling process are kept confidential.

How long does a legal counseling session typically last?

The duration of a legal counseling session can vary depending on the complexity of the matter and the depth of discussion required. We strive to provide sufficient time to address all relevant issues and ensure a comprehensive understanding of your situation.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Trademark Registration

Welcome to Adepts Chartered Accountants, the leading provider of Trademark Registration services in the UAE. We understand the significance of protecting your intellectual property rights and helping you establish a strong brand identity

What is Trademark Registration?

Trademark registration is the process of legally protecting a word, symbol, or design that represents a brand or business. It provides exclusive rights and prevents others from using similar marks, ensuring brand identity and consumer recognition.

Importance of Trademark Registration

Brand Protection

Safeguard your brand identity and prevent others from using similar marks that could cause confusion among consumers.

Exclusive Rights

Obtain exclusive rights to use your trademark in connection with the goods or services covered by the registration.

Legal Enforcement

Establish a legal basis for enforcement actions against potential infringers, protecting your brand from unauthorized use.

Market Differentiation

Stand out from competitors by distinguishing your products or services with a registered trademark, building consumer trust and loyalty.

Our Trademark Registration Services

Trademark Search and Analysis

We conduct comprehensive searches to assess the availability of your desired trademark, ensuring it does not infringe on existing trademarks. Our analysis helps identify potential obstacles and minimize the risk of rejection during the registration process.

Trademark Filing and Application

Our team guides you through the entire trademark registration process, preparing and filing the necessary applications with the relevant authorities in the UAE. We ensure that the application is accurate, complete, and in compliance with the required documentation and legal requirements.

Trademark Prosecution and Maintenance

We handle the prosecution phase of the trademark registration process, including responding to office actions and overcoming objections raised by the authorities. Additionally, we provide ongoing maintenance services, such as trademark renewals and monitoring to ensure the continued protection of your trademarks.

Our Approach to Trademark Registration Services

Comprehensive Trademark Search

We conduct thorough trademark searches to assess the availability of your desired mark and identify any potential conflicts. This helps minimize the risk of rejection and ensures a smooth registration process.

Strategic Advice

Our experienced professionals provide strategic guidance, considering your business objectives and industry-specific requirements. We offer tailored solutions to maximize the chances of successful trademark registration.

Accurate Application Preparation

We meticulously prepare and file trademark applications, ensuring all necessary documentation and information are accurate and complete. Our attention to detail minimizes the likelihood of errors or omissions that could delay or jeopardize the registration process.

Responsive Communication

We maintain open and responsive communication with our clients, keeping you informed about the progress of your trademark registration. Our team is readily available to address any queries or concerns you may have throughout the process.

Legal Expertise

With our deep knowledge of trademark laws and regulations in the UAE, we ensure that your trademark registration aligns with the legal requirements and guidelines set forth by the authorities.

frequently asked questions

What is a trademark?

A trademark is a distinctive sign, such as a word, logo, or symbol, that represents a brand or business and helps consumers identify and distinguish its products or services.

Why should I register a trademark?

Registering a trademark provides legal protection and exclusive rights to use the mark in connection with your goods or services. It helps prevent others from using similar marks and strengthens your brand identity.

How long does the trademark registration process take?

The trademark registration process duration varies depending on various factors, including the jurisdiction and the complexity of the application. In the UAE, it generally takes several months to a year or more.

What can be registered as a trademark?

Trademarks can include words, logos, slogans, colors, sounds, or even product shapes. However, the mark must meet certain criteria, such as being distinctive, non-generic, and not infringing on existing trademarks.

Can I register a trademark internationally?

Yes, trademark registration can be done internationally through various processes, such as filing directly in each desired country or using international registration systems like the Madrid System for the International Registration of Marks.

What happens if someone infringes on my registered trademark?

If someone infringes on your registered trademark, you have legal recourse to protect your rights. This may include sending cease and desist letters, initiating legal proceedings, and seeking damages or injunctions to stop the infringing activities.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Litigation and Dispute Resolution

Litigation and Dispute Resolution involves the process of resolving legal disputes either through court proceedings or alternative methods such as negotiation, mediation, or arbitration. It provides a structured approach for parties to seek resolution, protect their rights, and find mutually acceptable solutions to conflicts

What is Litigation and Dispute Resolution?

Importance of Litigation and Dispute Resolution

Legal Protection

Litigation and dispute resolution processes provide a legal framework for resolving conflicts, protecting the rights and interests of individuals and businesses involved.

Fair Resolution

These processes ensure that disputes are addressed in a fair and impartial manner, allowing parties to present their arguments and evidence for a just decision or negotiated settlement.

Preserving Relationships

Alternative dispute resolution methods, such as mediation and negotiation, can help preserve relationships between parties by facilitating open communication and finding mutually agreeable solutions.

Efficient Resolution

Timely and efficient resolution of disputes can help minimize financial losses, save valuable time and resources, and allow parties to focus on their core activities.

Preventing Future Disputes

By resolving conflicts through litigation or alternative methods, parties can establish precedents, clarify legal positions, and take preventive measures to avoid similar disputes in the future.

Our Litigation and Dispute Resolution Services

Litigation Representation

Our experienced team of litigators provides skilled representation in a wide range of legal disputes. We handle civil litigation cases, commercial disputes, contractual disputes, employment-related conflicts, and more. Our focus is on advocating for our clients’ interests and achieving the best possible outcomes in court.

Alternative Dispute Resolution

We recognize that litigation may not always be the most suitable option. Therefore, we offer alternative dispute resolution methods such as negotiation, mediation, and arbitration. Our trained mediators and negotiators work towards finding mutually agreeable solutions, minimizing costs, and preserving relationships

Case Assessment and Strategy

We conduct thorough case assessments to evaluate the merits of your legal dispute. Our team develops strategic approaches tailored to your specific goals, identifying strengths and weaknesses, and devising effective legal strategies to maximize your chances of success.

Legal Research and Documentation

We conduct extensive legal research, analyze relevant laws, regulations, and precedents to build a strong legal foundation for your case. Our team prepares and presents well-structured legal arguments and documentation to support your position

Fraud Risk Assessment

Our experts employ specialized techniques to evaluate your organization’s vulnerability to fraud. We identify potential fraud risks, assess existing controls, and recommend measures to mitigate fraud-related threats effectively.

Settlement Negotiation

We assist in negotiating settlements to resolve disputes efficiently and avoid prolonged litigation. Our team has expertise in settlement agreements, ensuring your interests are protected, and achieving mutually beneficial resolutions.

Our Approach to Litigation and Dispute Resolution Services

Strategic Planning

We begin by understanding the unique circumstances and objectives of each client’s case. Our experienced team conducts a thorough analysis of the legal dispute, identifies key issues, and develops a strategic plan tailored to achieve the desired outcomes.

Negotiation and Alternative Dispute Resolution

We recognize that litigation may not always be the most efficient or desirable option. Therefore, we explore negotiation and alternative dispute resolution methods such as mediation or arbitration to find mutually beneficial solutions and preserve relationships when appropriate.

Effective Case Management

We employ efficient case management practices to streamline the litigation process and ensure deadlines and procedural requirements are met. Our team is diligent in gathering evidence, preparing legal documentation, and presenting compelling arguments to support your case.

Strong Advocacy

Whether in court or alternative dispute resolution proceedings, we provide skilled advocacy to protect your rights and interests. We present your case persuasively, engage in effective negotiations, and leverage our legal expertise to maximize your chances of a favorable outcome.

frequently asked questions

What types of disputes can you handle?

We handle a wide range of disputes, including civil litigation, commercial disputes, contractual disagreements, employment-related conflicts, property disputes, and more.

How long does the litigation process typically take?

The duration of the litigation process varies depending on the complexity of the case, the court's caseload, and other factors. It can range from several months to several years.

Can you handle international disputes?

Yes, our team has experience in handling international disputes. We work closely with our network of global partners and have the expertise to navigate the complexities of cross-border disputes.

How much will the litigation or dispute resolution process cost?

The cost of litigation or dispute resolution depends on various factors, such as the complexity of the case, the amount of legal work involved, and the duration of the process. We provide transparent and competitive pricing based on the specific requirements of your case.

Can you represent both individuals and businesses in litigation?

Yes, we represent both individuals and businesses in litigation matters. Our team has experience in handling cases for a diverse range of clients, including individuals, small businesses, corporations, and government entities.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

corporate tax registration