ISO 220002018 (Food safety management systems)

Brief Introduction

Food safety is a critical concern for organizations involved in the food industry, from production and processing to packaging and distribution. ISO 22000:2018 is an internationally recognized standard that outlines the requirements for a Food Safety Management System (FSMS). It helps organizations identify and control food safety hazards, ensuring that food products are safe for consumption. ISO 22000:2018 integrates the principles of a management system with food safety regulations, providing a comprehensive framework for managing food safety risks.

is ISO 22000:2018 (Food Safety Management Systems)?

ISO 22000:2018 specifies the requirements for a Food Safety Management System, allowing organizations to demonstrate their ability to control food safety hazards to ensure that food is safe. The standard applies to all organizations involved in the food chain, regardless of size or complexity. It combines the Hazard Analysis and Critical Control Point (HACCP) principles with a process-based approach to risk management, providing a framework for continuous improvement in food safety management. ISO 22000:2018 emphasizes communication, system management, and risk control to ensure food safety at all stages of the supply chain.

Why Do You Need ISO 22000:2018 (Food Safety Management Systems)?

ISO 22000:2018 is essential for organizations in the food industry for several reasons:

Ensuring Food Safety

The standard ensures that food safety hazards are identified, assessed, and controlled throughout the food chain, guaranteeing that food products are safe for consumers.

Regulatory Compliance

ISO 22000:2018 helps organizations meet national and international food safety regulations and standards, reducing the risk of legal issues or product recalls.

Risk Management

The standard provides a structured approach to identifying and managing food safety risks, minimizing potential hazards and ensuring that corrective measures are in place.

Customer Confidence

Certification under ISO 22000:2018 demonstrates a commitment to food safety, improving consumer trust and confidence in your brand.

Global Market Access

As an internationally recognized standard, ISO 22000:2018 enhances your organization’s ability to operate in global markets by meeting international food safety requirements.

Benefits of ISO 22000:2018 (Food Safety Management Systems)

Achieving ISO 22000:2018 certification provides several key benefits:

Improved Food Safety

The standard ensures that food safety hazards are effectively controlled throughout the food supply chain, protecting consumers from foodborne illnesses.

Compliance with Regulations

ISO 22000:2018 helps organizations meet legal requirements and international food safety standards, reducing the risk of non-compliance and potential penalties.

Enhanced Consumer Trust

Certification demonstrates your organization’s commitment to food safety, enhancing customer confidence and loyalty.

Operational Efficiency

By standardizing processes and procedures, ISO 22000:2018 helps streamline food safety management, leading to greater efficiency and reduced waste.

Market Access and Global Recognition

ISO 22000:2018 certification facilitates access to international markets, allowing your organization to compete on a global scale with a recognized food safety standard.

Continuous Improvement

The standard promotes ongoing monitoring, evaluation, and improvement of food safety processes, ensuring your organization stays up to date with evolving food safety risks and best practices.

Process for Getting ISO 22000:2018 (Food Safety Management Systems) Certification

Obtaining ISO 22000:2018 certification involves several steps:

1. Gap Analysis

Conduct a gap analysis to identify areas in your current food safety practices that do not meet the requirements of ISO 22000:2018.

2. Planning and Documentation

Develop a comprehensive Food Safety Management System (FSMS), including policies, procedures, and documentation that align with the ISO 22000:2018 standard. This includes implementing the Hazard Analysis and Critical Control Points (HACCP) principles.

3. Implementation

Implement the FSMS throughout your organization, ensuring that staff understand their roles in managing food safety risks and are properly trained in food safety procedures.

4. Internal Audit

Conduct an internal audit to evaluate the performance of the FSMS and ensure compliance with ISO 22000:2018. Address any non-conformities identified during the audit.

5. Management Review

Senior management must review the FSMS to assess its effectiveness and ensure alignment with the organization’s strategic goals and food safety objectives.

6. External Audit

A certification body will conduct an external audit to evaluate the FSMS against the requirements of ISO 22000:2018. This audit includes a review of documentation, food safety procedures, and compliance with the standard.

7. Certification

After a successful external audit, your organization will be awarded ISO 22000:2018 certification. Periodic surveillance audits will ensure ongoing compliance with the standard.

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 140012015 (Environmental management systems)

Brief Introduction

With growing global concerns about sustainability and environmental impact, organizations face increasing pressure to manage their environmental responsibilities effectively. ISO 14001:2015 is an internationally recognized standard that provides a framework for businesses to implement an Environmental Management System (EMS). It helps organizations minimize their environmental footprint, comply with regulations, and continually improve environmental performance.

is ISO 14001:2015 (Environmental Management Systems)?

ISO 14001:2015 is the international standard for Environmental Management Systems (EMS), developed by the International Organization for Standardization (ISO). It sets out criteria for organizations to create an effective EMS, which helps manage environmental risks, reduce waste, and improve environmental performance. ISO 14001:2015 focuses on a systematic approach, requiring businesses to assess their environmental impact, set improvement goals, and ensure compliance with environmental laws. The standard applies to any organization, regardless of size or sector, seeking to reduce its environmental impact and promote sustainable practices.

Why Do You Need ISO 14001:2015 (Environmental Management Systems)?

ISO 14001:2015 certification is essential for organizations looking to improve their environmental performance while maintaining regulatory compliance. Key reasons to adopt ISO 14001:2015 include:

Regulatory Compliance

The certification ensures your business meets all environmental regulations, reducing the risk of legal penalties.

Environmental Responsibility

Implementing an EMS demonstrates a commitment to reducing environmental impact, promoting sustainability, and being a responsible corporate citizen.

Risk Reduction

By managing environmental risks and identifying potential issues early, organizations can prevent costly environmental accidents and liabilities.

Stakeholder Trust

Certification builds trust with stakeholders, including customers, investors, regulators, and the local community, by showing a proactive approach to environmental management.

Global Competitivenessy

ISO 14001:2015 is recognized globally, and certification enhances your reputation, potentially opening up new markets and business opportunities.

Benefits of ISO 14001:2015 (Environmental Management Systems)

ISO 14001:2015 certification provides a wide range of benefits for organizations, including:

Environmental Performance

It drives continuous improvement in environmental performance, helping organizations reduce waste, conserve resources, and lower their carbon footprint.

Cost Savings

Improved resource efficiency and waste reduction often lead to significant cost savings over time, especially in areas like energy use, water consumption, and waste disposal.

Legal Compliance

The certification helps organizations stay ahead of environmental regulations and avoid fines or legal consequences related to non-compliance.

Enhanced Reputation

Certification demonstrates a strong commitment to environmental sustainability, improving brand image and building trust with customers, regulators, and the public.

Employee Engagement

An effective EMS encourages employee involvement in sustainability initiatives, fostering a culture of environmental awareness and responsibility within the organization.

Risk Management

By identifying and controlling environmental risks, organizations can avoid environmental incidents, reduce liabilities, and manage resources more effectively.

Market Advantage

ISO 14001:2015 certification can differentiate your organization from competitors, making it more attractive to environmentally conscious consumers and partners.

Process for Getting ISO 14001:2015 (Environmental Management Systems) Certification

The process for obtaining ISO 14001:2015 certification involves several key steps

1. Initial Assessment (Gap Analysis)

Evaluate your current environmental practices and management systems against the ISO 14001:2015 requirements to identify any gaps.

2. Planning and Documentation

Develop an implementation plan that includes environmental objectives, processes, responsibilities, and necessary documentation such as policies and procedures for environmental management.

3. Implementation

Integrate the EMS into your organization's daily operations. This step includes assigning roles, training employees, and rolling out initiatives aimed at reducing environmental impact, such as waste management, energy efficiency, or pollution control.

4. Internal Audit

Conduct internal audits to assess the effectiveness of the EMS and ensure it meets the ISO 14001:2015 requirements. Address any issues or non-conformities that arise during the audit.

5. Management Review

Senior management reviews the EMS to ensure it aligns with the company’s environmental goals and continues to drive improvements.

6. External Audit

A third-party certification body will conduct an external audit to verify that your EMS complies with ISO 14001:2015 standards. The audit typically includes site visits, interviews, and reviews of your EMS documentation.

7. Certification

Once the external audit is successfully completed, your organization will receive ISO 14001:2015 certification. To maintain certification, regular surveillance audits will be required.

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.

ISO 9001:2015 (Quality management systems)

Brief Introduction

In today’s competitive global marketplace, organizations must ensure they are delivering consistent quality in their products and services to meet customer expectations. Implementing a Quality Management System (QMS) can help companies standardize processes and maintain high-quality output. One of the most recognized QMS frameworks is ISO 9001:2015, which sets international standards for quality management and continuous improvement across industries.

What is ISO 9001:2015?

ISO 9001:2015 is an international standard for Quality Management Systems (QMS) developed by the International Organization for Standardization (ISO). It provides a framework for organizations to establish, implement, and maintain processes that consistently meet customer and regulatory requirements. ISO 9001:2015 emphasizes a risk-based approach, continuous improvement, and leadership commitment to quality. It is applicable to any organization, regardless of size or industry, and focuses on enhancing customer satisfaction through effective process control and management.

Why Do You Need ISO 9001:2015?

ISO 9001:2015 certification offers several benefits to organizations:

Consistency and Quality

The standard helps create a systematic approach to quality management, ensuring that processes are repeatable and controlled.

Customer Satisfaction

By aligning your processes with customer expectations, you enhance satisfaction and build trust with clients.

Regulatory Compliance

Many industries and sectors require ISO certification to ensure adherence to specific quality standards and regulations.

Global Recognition

ISO 9001:2015 is internationally recognized, providing credibility and opening doors to new markets and business opportunities.

Competitive Advantage

Certification demonstrates a commitment to quality, often influencing customers’ decision-making when choosing suppliers or partners.

Benefits of ISO 9001:2015

ISO 9001:2015 certification provides a range of benefits, including:

Improved Efficiency

Standardizing processes reduces errors and waste, leading to more efficient operations.

Increased Customer Satisfaction

A focus on meeting customer requirements leads to better service and product quality.

Enhanced Risk Management

The risk-based approach of ISO 9001:2015 helps identify potential issues before they affect operations.

Employee Engagement

Clear processes and defined responsibilities improve employee understanding, accountability, and engagement.

Continuous Improvement

ISO 9001:2015 encourages ongoing review and improvement of processes, ensuring your business remains agile and competitive.

Market Competitiveness

Being ISO-certified can distinguish your business from competitors and attract new customers in both local and international markets.

Legal and Regulatory Compliance

The structured approach helps ensure that all products and services comply with applicable regulations and legal requirements.

Process for Getting ISO 9001:2015 Certification

Obtaining ISO 9001:2015 certification involves several steps:

1. Gap Analysis

Assess your current QMS or business processes against the requirements of ISO 9001:2015 to identify gaps.

2. Planning and Documentation

Develop a clear plan for implementation, including setting objectives, identifying roles, and documenting necessary processes, policies, and procedures.

3. Implementation

Establish the QMS by integrating the required processes and practices across the organization. Training staff on new procedures and responsibilities is crucial at this stage.

4. Internal Audit

Conduct internal audits to evaluate the effectiveness of the QMS and ensure compliance with ISO 9001:2015 standards. This helps identify areas for improvement before the external audit.

5. Management Review

Review the QMS performance and improvements with senior management to ensure alignment with organizational goals and objectives.

6. External Audit

A certified third-party auditor will review your QMS to confirm compliance with ISO 9001:2015. This includes a detailed examination of your processes, records, and management practices.

7. Certification

Once the external audit is successful, your organization will receive ISO 9001:2015 certification. Ongoing surveillance audits are required to maintain certification.

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.

Halal certification

Brief Intro to Halal Certification

Halal certification is a process that verifies that products and services comply with Islamic law (Sharia). The term “Halal” means “permissible” in Arabic, and it encompasses not only food and beverages but also cosmetics, pharmaceuticals, and other consumer goods. Halal certification is crucial for businesses targeting Muslim consumers, as it ensures that their offerings meet the dietary and ethical requirements of Islamic teachings.

What is Halal Certification?

Halal certification is a formal validation that a product or service meets the guidelines set forth by Islamic law. The certification process involves a thorough review of ingredients, sourcing, production methods, and handling practices to ensure that they comply with Halal standards. Various organizations and certifying bodies specialize in Halal certification, and they issue certificates to businesses that meet the required criteria. The certification can apply to food products, beverages, cosmetics, pharmaceuticals, and even logistics services.

Why Do You Need Halal Certification?

Halal certification is essential for several reasons:

Market Demand

The global demand for Halal products is rapidly growing, driven by the increasing Muslim population and a rising interest in ethical consumption. Having Halal certification allows businesses to tap into this lucrative market.

Consumer Trust

Halal certification enhances consumer confidence, particularly among Muslim consumers who seek assurance that products adhere to their religious beliefs.

Regulatory Compliance

In many regions, Halal certification is a regulatory requirement for food and beverage products. Compliance with these regulations is essential to avoid legal issues and ensure market access.

Brand Differentiation

Obtaining Halal certification can differentiate a brand in a competitive market, showcasing a commitment to quality and ethical practices.

Cultural Sensitivity

Understanding and respecting the dietary restrictions of Muslim consumers can enhance customer loyalty and brand reputation.

Benefits of Halal Certification

Obtaining Halal certification provides numerous benefits, including:

Access to New Markets

Halal certification opens doors to the growing market of Muslim consumers, both domestically and internationally.

Increased Sales and Revenue

With the rising demand for Halal products, certified businesses can experience increased sales and profitability.

Enhanced Brand Reputation

Halal certification can enhance brand image and reputation by demonstrating commitment to quality, ethics, and consumer trust.

Improved Quality Assurance

The certification process encourages businesses to implement stricter quality control measures, leading to better overall product quality.

Competitive Advantage

Certified businesses can differentiate themselves in the marketplace, gaining an edge over competitors that do not offer Halal products.

Cultural Relevance

Halal certification signals respect for cultural and religious values, fostering goodwill and loyalty among Muslim consumers.

Process for Getting Halal Certification

The process for obtaining Halal certification generally involves the following steps:

1. Preliminary Assessment

Evaluate your current products and processes to determine if they meet Halal standards. This may include reviewing ingredients, sourcing, and production practices.

2. Choose a Certification Body:

Select a recognized Halal certification authority that aligns with your business needs. It's important to ensure that the body is accredited and widely accepted in your target markets.

Establish critical limits

Define acceptable levels for each CCP, such as temperature limits for cooking or storage.

Establish monitoring procedures

Set up monitoring activities to ensure CCPs are under control.

3. Application Submission

Complete the application process with the chosen certifying body, providing necessary documentation about your products, suppliers, and production processes.

4. Documentation Review

The certifying body will review your documentation to ensure compliance with Halal standards. This may involve checking ingredient lists, production methods, and supply chain details.

5. Site Inspection

A site audit or inspection is typically conducted to assess the production facility's compliance with Halal practices. This includes evaluating cleanliness, handling processes, and employee training on Halal standards.

6. Certification Decision

Based on the documentation review and site inspection, the certifying body will make a decision regarding Halal certification. If approved, a Halal certificate will be issued.

7. Ongoing Compliance and Recertification

Halal certification is not a one-time process. Regular audits and renewals are required to maintain certification and ensure continued compliance with Halal standards.

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.

HACCP (Hazard analysis and critical control points)

Brief Intro to HACCP

HACCP (Hazard Analysis and Critical Control Points) is a globally recognized system for ensuring food safety. It is designed to identify, evaluate, and control hazards that could pose risks to food safety. Originally developed by NASA and food safety specialists, HACCP has become a foundational element for food safety management systems across the food industry. By focusing on the prevention of food safety hazards rather than relying on end-product testing, HACCP helps ensure that food products are safe for consumption.

What is HACCP (Hazard Analysis and Critical Control Points)?

HACCP is a systematic approach to food safety that identifies potential hazards in the food production process and implements controls to prevent, eliminate, or reduce these hazards to safe levels. The system consists of seven core principles that guide food safety management:

Conduct a hazard analysis

Identify biological, chemical, or physical hazards that could compromise food safety.

Determine critical control points (CCPs)

Identify points in the process where hazards can be controlled or prevented.

Establish critical limits

Define acceptable levels for each CCP, such as temperature limits for cooking or storage.

Establish monitoring procedures

Set up monitoring activities to ensure CCPs are under control.

Establish corrective actions

Develop actions to take when critical limits are not met.

Establish verification procedures

Verify that the HACCP system is working effectively.

Establish documentation and record-keeping

Maintain records to demonstrate that the system is functioning correctly.

Why Do You Need HACCP (Hazard Analysis and Critical Control Points)?

HACCP is essential for food businesses for the following reasons:

Prevention of Foodborne Illnesses

HACCP helps prevent hazards that can lead to foodborne illnesses, protecting public health.

Regulatory Compliance

In many countries, HACCP is a mandatory requirement for food businesses to comply with national food safety regulations.

Customer Confidence

Implementing HACCP demonstrates a commitment to food safety, increasing consumer trust and satisfaction.

Reduction in Recalls and Wastage

By focusing on hazard prevention, HACCP reduces the likelihood of product recalls, production inefficiencies, and food waste.

Market Access

Many international markets require suppliers to have HACCP certification, making it easier for businesses to expand globally.

Process for Getting HACCP (Hazard Analysis and Critical Control Points) Certification

The process for obtaining HACCP certification typically involves the following steps:

1. Preliminary Assessment

Conduct a gap analysis to compare your current food safety practices with HACCP requirements.

2. Develop a HACCP Plan

Identify potential hazards in your food production process and develop a plan to address them by following HACCP’s seven principles. This includes defining CCPs, setting critical limits, and establishing monitoring and corrective actions.

3. Implementation

Implement the HACCP plan in your organization, ensuring that employees are trained and that monitoring procedures are in place.

4. Internal Audit

Conduct an internal audit of the HACCP plan to verify that it is effectively managing food safety hazards. Correct any deficiencies identified during the audit.

4. Internal Audit

Conduct an internal audit of the HACCP plan to verify that it is effectively managing food safety hazards. Correct any deficiencies identified during the audit.

5. Third-Party Audit

Engage a certified HACCP auditor to evaluate your food safety management system. This external audit ensures that your system complies with HACCP requirements and effectively manages food safety risks.

6. Certification

If the audit is successful, your organization will receive HACCP certification. The certification is typically valid for a set period, during which time you must maintain compliance and undergo periodic audits.

Benefits of HACCP (Hazard Analysis and Critical Control Points)

HACCP certification offers a range of benefits for organizations in the food industry

Enhanced Food Safety

HACCP ensures that food safety hazards are controlled, leading to safer food products.

Regulatory Compliance

HACCP certification demonstrates compliance with food safety regulations and industry standards, reducing the risk of legal issues.

Improved Consumer Confidence

Certification reassures customers that your food products are produced under a recognized system for ensuring safety.

Reduced Risk of Foodborne Illness

By proactively identifying and controlling hazards, HACCP helps reduce the risk of foodborne illnesses.

Operational Efficiency

The structured approach of HACCP can improve process efficiency by reducing wastage, product recalls, and production downtime due to food safety incidents.

Global Market Access

Many countries and organizations require HACCP certification for suppliers, allowing certified businesses to expand into international markets.

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.

Forensic Auditing Services in UAE

Welcome to Adepts Chartered Accountants, your trusted partner for comprehensive Forensic Auditing Services in the UAE. Our expert team specializes in uncovering financial discrepancies and mitigating risks through meticulous analysis and investigative techniques.

What is Forensic Auditing?

Forensic auditing is a specialized branch of auditing that involves the systematic examination of financial records, transactions, and documentation to uncover fraud, financial irregularities, or misconduct within an organization. It goes beyond traditional auditing practices by applying investigative methodologies and forensic tools to gather evidence that can be used in legal proceedings or to strengthen internal controls.

Why Choose Adepts for Forensic Auditing?

At Adepts Chartered Accountants, we pride ourselves on our deep industry knowledge and our commitment to delivering accurate and actionable insights to our clients. Our team of certified Forensic Auditors brings extensive experience across various sectors, enabling us to tailor our services to meet the unique needs and challenges of each client. We prioritize discretion, integrity, and compliance with regulatory standards, ensuring that our findings are both reliable and ethical.

Our Comprehensive Forensic Auditing Services Include

Fraud Detection and Prevention

We employ advanced techniques to identify and prevent fraudulent activities, helping organizations safeguard their assets and reputation.

Financial Dispute Resolution

Our expert forensic auditors provide detailed analysis and expert testimony to support litigation and dispute resolution proceedings, offering clarity and credibility in complex financial disputes.

Asset Tracing and Recovery

We specialize in tracing and recovering assets involved in financial crimes, assisting clients in recovering losses and holding responsible parties accountable.

Compliance Monitoring

We conduct thorough audits to ensure adherence to regulatory standards and internal policies, helping organizations mitigate compliance risks and enhance operational transparency.

Start Securing Your Finances Today

Protect your organization from financial risks with Adepts Chartered Accountants’ reliable forensic auditing services. Whether you’re looking to detect and prevent fraud, resolve financial disputes, trace assets, or ensure compliance, our team is here to assist you every step of the way. Contact us today at [Phone Number] or [Email Address] to schedule a consultation with our forensic auditing experts.

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.

Economic Substance Regulations

Maintain Accurate Financial Records and Up-to-date Books of accounts!

Economic Substance Regulations (ESR) in the UAE are guidelines established to ensure that companies operating within the UAE engage in substantial economic activities and demonstrate real economic presence. These regulations require relevant businesses to maintain adequate economic substance in the UAE relative to the activities they undertake. The key objectives are to align with global standards set by the OECD and the EU to prevent harmful tax practices and ensure transparency. Companies must meet specific criteria, including core income-generating activities, adequate management and control in the UAE, sufficient full-time employees, incurred operational expenses, and adequate physical assets. Non-compliance with ESR can result in penalties and administrative actions.

Economic Substance Regulations

Guidance on applying the Regulations was issued on 11 September 2019 (Ministerial Decision No. 215 of 2019), and Cabinet Decision No. 58/2019 on the Determination of Regulatory Competencies lists the Regulatory Authorities tasked with administering and enforcing the Regulations. Amendments to the Regulations were made by Cabinet of Ministers Resolution No. (57) of 2020 on 10 August 2020 and an updated Guidance was issued on 19 August 2020. The rules mandate that UAE companies in onshore and free zones, along with other business entities performing specified “Relevant Activities,” must show a sufficient level of “economic presence” in the country about their activities to pass the “Economic Substance Test.”

The Regulations apply to financial years starting on or after January 1, 2019. Entities covered by the Regulations must submit an annual Notification form to their Regulatory Authority and an Economic Substance Report within 12 months of the end of their financial year (e.g., by December 31, 2020, for a financial year ending December 31, 2019). Entities do not need to meet the Economic Substance Test or file an Economic Substance Report for any financial period in which they have not earned income from a Relevant Activity or if they qualify for an exemption. However, a Notification form must still be submitted. Failure to comply with the Regulations can result in penalties, information exchange with foreign authorities, and other administrative sanctions, such as the suspension, revocation, or non-renewal of the entity’s trade license or permit.

Purpose of the Notification

The purpose of the notification is to give regulatory authorities initial information about licensees and their activities in the UAE during the relevant reportable period. This information is a prerequisite for filing an Economic Substance Report for the same period if required.

Who Needs to Submit a Notification?

A Notification must be filed if you are a corporate entity (such as a Limited Liability Company, Public Joint Stock Company, Private Joint Stock Company, etc.) or a partnership (such as a Limited Liability Partnership, General Partnership, etc.) that conducts any of the following Relevant Activities in the UAE during the relevant Financial Year.

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

Deadline for Filing a Notification

The notification must be filed within six months of the Licensee’s financial year-end. Notification is mandatory for the companies; non-compliance with the obligation to file a Notification before the deadline is subject to a penalty of AED 20,000.

Financial Year End	Notification Deadline (6 months)	Reporting Deadline (12months)
31-Mar	30-Sept	31-Mar
30-Jun	31-Dec	30-jun
30-Sep	31-Mar	30-Sep
31-Dec	30-Jun	31-Dec

Penalty of Incorrect Notification Information

Providing incorrect or false information in the Notification is subject to a penalty of AED 50,000. If a Licensee knowingly provides incorrect or false information or falsely claims an exemption from the Economic Substance Regulations, they may be considered to have failed the Economic Substance Test for the relevant Reportable Period.

Exemptions

If a Licensee claims to be an “Exempted Licensee,” it must specify the grounds for exemption under Question 1A-1E and furnish the required documentation to prove its exempt status.

An Exempted Licensee is not required to submit an Economic Substance Report or demonstrate Economic Substance in the UAE for Reportable Periods during which it meets the criteria for exemption.

1.A. The license is wholly owned by UAE nationals or UAE resident individuals who reside in the UAE, is not part of a multinational group, and only operates in the UAE.

1.B. Licensee is an Investment Fund as defined in the Regulations.

1.C. A licensee is a particular purpose vehicle or investment holding company of an Investment Fund as defined in the Regulations.

1.D. The licensee is resident for tax purposes in a jurisdiction other than the UAE.

1.E. Licensee is a UAE branch of a foreign company, and all income of the UAE branch is subject to tax in the jurisdiction of the foreign company

frequently asked questions

What is the difference between accounting and bookkeeping?

Accounting is the process of interpreting, classifying, and summarizing financial information for decision-making, while bookkeeping is the process of recording financial transactions in a systematic and organised manner.

What is the purpose of accounting and bookkeeping?

The purpose of accounting and bookkeeping is to provide accurate and up-to-date financial information that can be used to make informed business decisions, comply with tax laws and regulations, assess the financial health of the company, manage cash flow, and facilitate effective business planning.

Who performs accounting and bookkeeping functions?

Accounting and bookkeeping functions can be performed by trained professionals, such as certified public accountants (CPAs), bookkeepers, and accounting software.

How often are accounting and bookkeeping records updated?

Accounting and bookkeeping records should be updated regularly, usually on a monthly or quarterly basis, to ensure that the company's financial information is accurate and up to date.

What are the benefits of outsourcing accounting and bookkeeping functions?

Outsourcing accounting and bookkeeping functions can save time, reduce costs, and improve the accuracy and reliability of financial information. It can also allow business owners to focus on their core competencies and leave the financial management to experts.

What are the common mistakes in accounting and bookkeeping?

Common mistakes in accounting and bookkeeping include errors in recording transactions, incorrect classification of transactions, incorrect posting to the general ledger, and failure to reconcile accounts.

What are the best practices for accounting and bookkeeping?

Best practices for accounting and bookkeeping include regular updates of financial information, thorough review of financial records, segregation of duties, and periodic internal and external audits.

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.

Expertise and experience

Adepts Chartered Accountants is a team of experienced and knowledgeable professionals who have extensive experience in providing accounting and bookkeeping services. They have the necessary skills, training, and knowledge to ensure accurate and efficient financial management.

Customized solutions

Adepts Chartered Accountants understands that each business has unique accounting and bookkeeping needs. They work closely with clients to tailor their services to meet the specific requirements of each business.

Time Saving

By outsourcing accounting and bookkeeping functions to Adepts Chartered Accountants, business owners can save time and focus on their core competencies. This allows them to devote more time and energy to other critical areas of their business.

Cost Effective

Adepts Chartered Accountants provides cost-effective accounting and bookkeeping services that help businesses reduce their overall financial management costs.

Improved Accuracy

Adepts Chartered Accountants utilizes advanced technology and software to ensure accurate and up-to-date financial information. Their processes and procedures are designed to minimize errors and ensure that financial information is reliable.

Compliance with Regulations

Adepts Chartered Accountants stay up-to-date with the latest accounting and bookkeeping regulations to ensure that clients comply with all relevant laws and regulations. This helps to minimize the risk of legal penalties and reputational damage.

Peace of mind

By outsourcing accounting and bookkeeping functions to Adepts Chartered Accountants, business owners can have peace of mind knowing that their financial information is in safe hands. They can trust that their financial records are being handled professionally and efficiently.

Flexibility

Adepts Chartered Accountants provide flexible accounting and bookkeeping services that can be customized to meet the changing needs of clients. They are responsive to client needs and can adapt quickly to changing circumstances.

VAT Registration In UAE

VAT is an indirect tax levied on the consumption or use of goods and services

What Is VAT?

Value Added Tax (VAT) is an indirect tax imposed on the supply of goods and services in the United Arab Emirates (UAE). It is charged at each stage of the supply chain, with the end-consumer bearing the VAT while registered taxpayers collect the tax on behalf of the government. The standard VAT rate in the UAE is 5%, and it applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT.

Navigate VAT Compliance With Ease In The UAE

At ADEPTS Chartered Accountants, we specialize in delivering expert VAT registration services in UAE. Our services are designed to assist businesses in adhering to the guidelines set by the country’s Federal Tax Authority (FTA). Comprehending and strictly following VAT regulations is imperative for businesses operating within the UAE, ensuring not only seamless compliance but also safeguarding against potential penalties.

Why VAT Registration In The UAE Is Essential

VAT Registration in UAE is a vital step for businesses in the UAE, ensuring compliance with FTA regulations and avoiding financial penalties. Our VAT Registration services in the UAE are straightforward, efficient, and tailored to meet your specific business needs.

Who Needs To Register For VAT?

The UAE government has categorized businesses into three separate turnover brackets, each with its own requirements:

Businesses with an annual turnover exceeding AED 375,000 in the last 12 months or expected to exceed in the next 30 days are required to register for VAT.
Businesses with an annual turnover between AED 187,500 and AED 375,000 have the option to register for VAT.
Businesses with an annual turnover of less than AED 187,500 are not obliged to register for VAT.

Comprehensive VAT Registration Services

Our role as leading consultants for Indirect Tax in the UAE region positions us uniquely to offer unparalleled services, including:

VAT Registration Services
VAT Documentation Assistance
VAT Filing & Compliance Services
VAT Deregistration Services
Tax Consultation Services
Audit Support During Registration

Required Documents For VAT Registration

The following documents are typically required for VAT registration in the UAE

Copy of Trade License
Passport copy and Emirates ID of the owner/partners
Memorandum of Association (not required for sole establishments)
Contact details of the company
Bank details
Turnover declaration for the last 12 months
Other specific documents based on the nature of the organization

Our Expertise at Your Service

Our VAT Registration Services team is dedicated to guiding you through every step of the process,
ensuring full compliance with FTA regulations we provide.

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

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

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.

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.

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ISO 220002018 (Food safety management systems)

Brief Introduction

is ISO 22000:2018 (Food Safety Management Systems)?

Why Do You Need ISO 22000:2018 (Food Safety Management Systems)?

Ensuring Food Safety

Regulatory Compliance

Risk Management

Customer Confidence

Global Market Access

Benefits of ISO 22000:2018 (Food Safety Management Systems)

Improved Food Safety

Compliance with Regulations

Enhanced Consumer Trust

Operational Efficiency

Market Access and Global Recognition

Continuous Improvement

Process for Getting ISO 22000:2018 (Food Safety Management Systems) Certification

1. Gap Analysis

2. Planning and Documentation

3. Implementation

4. Internal Audit

5. Management Review

6. External Audit

7. Certification

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

ISO 140012015 (Environmental management systems)

Brief Introduction

is ISO 14001:2015 (Environmental Management Systems)?

Why Do You Need ISO 14001:2015 (Environmental Management Systems)?

Regulatory Compliance

Environmental Responsibility

Risk Reduction

Stakeholder Trust

Global Competitivenessy

Benefits of ISO 14001:2015 (Environmental Management Systems)

Environmental Performance

Cost Savings

Legal Compliance

Enhanced Reputation

Employee Engagement

Risk Management

Market Advantage

Process for Getting ISO 14001:2015 (Environmental Management Systems) Certification

1. Initial Assessment (Gap Analysis)

2. Planning and Documentation

3. Implementation

4. Internal Audit

5. Management Review

6. External Audit

7. Certification

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

ISO 9001:2015 (Quality management systems)

Brief Introduction

What is ISO 9001:2015?

Why Do You Need ISO 9001:2015?

Consistency and Quality

Customer Satisfaction

Regulatory Compliance

Global Recognition

Competitive Advantage

Benefits of ISO 9001:2015

Improved Efficiency

Increased Customer Satisfaction

Enhanced Risk Management

Employee Engagement

Continuous Improvement

Market Competitiveness

Legal and Regulatory Compliance

Process for Getting ISO 9001:2015 Certification