Integrated Business Solutions LLC

Empowering your business!

Expertise in Accounting, Tax and Startups in United Arab Emirates

In today's dynamic business environment, small and medium-sized enterprises (SMEs) face numerous challenges. From managing finances to navigating complex tax regulations, the road to success can be intricate. Integrated Business Solutions LLC is here to provide comprehensive support to SMEs, ensuring seamless operations and compliance. We specialize in accounting services, VAT consulting, corporate tax management, and new business setup in the United Arab Emirates (UAE). Let's dive into how our expertise can benefit your business.

Bookkeeping and Accounting Services

From bookkeeping to financial reporting, we ensure accurate and transparent financial records. Let us handle the numbers while you focus on growing your business.

It is compulsory in the UAE to keep books of accounts for a minimum of 5 years. This requirement is part of the UAE’s compliance with international financial reporting standards and is enforced to ensure transparency and accountability in business operations. Maintaining accurate records for this period helps in audits, tax filings, and other regulatory requirements.

The Federal Tax Authority (FTA) in the UAE has specific conditions regarding the maintenance of books of accounts. Businesses must retain their books of accounts and related records for a minimum of 5 years after the end of the tax period to which they relate

UAE VAT Services

Navigating VAT regulations can be complex. We simplify the process by assisting with VAT registration or deregistration and timely submissions, ensuring compliance with UAE tax laws.

Key Takeaways

Stay Compliant: Ensure timely registration, de-registration, and filing of VAT returns.

Maintain Accurate Records: Keep detailed records to avoid penalties for incorrect submissions.

Consult Experts: Seek advice from tax professionals to navigate VAT regulations effectively.

UAE Corporate Tax Registration

Our tax experts guide you through corporate tax registration, minimizing your tax liability, and maximizing deductions. Stay compliant and optimize your tax strategy.

In the UAE, corporate tax registration is mandatory for businesses to ensure compliance with the new corporate tax regime. Here are some key reasons why all businesses must register:

Why Register for Corporate Tax:

Legal Compliance: Registering for corporate tax ensures that your business complies with UAE laws and regulations.

Avoid Penalties: Non-registration can lead to significant fines and penalties, which can be financially damaging.

Transparency: It promotes transparency and accountability in business operations.

Credibility: Being registered enhances your business’s credibility with clients, partners, and investors.

Access to Benefits: Registered businesses may be eligible for certain tax benefits and incentives.

Impact of Non-Registration:

Fines and Penalties: Businesses that fail to register may face hefty fines and penalties.

Legal Consequences: Non-compliance can lead to legal actions against the business.

Reputation Damage: It can harm the business’s reputation and credibility in the market.

Operational Disruptions: Legal issues and penalties can disrupt business operations and growth.

Ensuring your business is registered for corporate tax is crucial for maintaining smooth operations and avoiding unnecessary legal and financial troubles. If you need assistance with the registration process, feel free to ask!

New Business Setup in UAE

We are at your service to setup a business in the United Arab Emirates in the mainland or free zone.
Starting a business in the UAE with 100% ownership is now more accessible than ever.

Starting a new business in the UAE offers numerous advantages, making it an attractive destination for entrepreneurs and investors. Here are some key benefits:

Tax Benefits: The UAE offers a tax-free regime with no personal income tax.

Economic Stability: The UAE has a stable and growing economy, providing a secure environment for business operations.

Strategic Location: Its geographic location offers easy access to markets in the Middle East, Africa, and Asia.

World-Class Infrastructure: The UAE boasts modern infrastructure, including advanced airports, seaports, and industrial zones.

Ease of Doing Business: The country has investor-friendly processes, making it easier to start and run a business.

Access to Talent: There is a high availability of qualified personnel, thanks to the UAE’s attractive living conditions and professional opportunities.

No Currency Restrictions: Businesses can operate without currency restrictions, allowing for smooth international transactions.

Full Repatriation of Profits: Investors can repatriate 100% of their capital and profits.

Diverse Market: The UAE offers a wide range of license types and business activities, catering to various industries.

AML Compliance Service

Anti-money laundering registration refers to the process by which certain entities must register with the appropriate regulatory authorities to demonstrate their compliance with AML regulations. The goal is to prevent money laundering and terrorist financing activities.

Failure to register on the goAML is a violation of the AML/CFT regulations of the UAE and would attract administrative penalties ranging between AED 50,000 and AED 5,000,000.

Individuals found guilty of money laundering may face imprisonment ranging from one to ten years and/or fines ranging from AED100,000 to AED5 million. For companies, fines can range from AED500,000 to AED50 million. Additional penalties may involve suspending a company's operations or revoking its license

All the following AML-regulated organizations must be registered in the UAE FIU

– Financial Institutions

– Virtual Asset Service Providers (VASPs)

– Designated Non-Financial Businesses and Professions (DNFBPs)

* Dealers in Precious Metals and Stones

* Real Estate Agents and Brokers

* Trust and Corporate Service Providers

* Lawyers, Notaries, and independent legal professionals

* Independent Accountants and auditors a business in the United Arab Emirates in the mainland or free zone.