Dubai, the economic centre of the Middle East, has top-notch facilities and infrastructure to serve both small businesses and established organizations. However, establishing and running a business in Dubai entails negotiating a maze of complicated rules and compliance standards. The corporate PRO services Dubai can help with this. In Dubai, TASC Corporate Services is a top provider of professional services, assisting companies of all sizes with their complete range of business requirements, including license and company registration as well as accounting, payroll, and virtual offices. We’ll discuss the numerous PRO services provided by TASC in this post and how they might aid in your exploration of Dubai’s greatest attractions.
1. Company Formation and Licensing
Setting up a new company in Dubai starts with selecting the appropriate legal structure for your business needs such as sole proprietorship, limited liability company (LLC), or branch. TASC assists clients in determining the right structure and guides them through the entire company formation and licensing process.
Some of the company types that TASC helps form include mainland companies (LLC and branches), free zone companies (Dubai Internet City, Dubai Media City, Dubai Airport Freezone etc.), and other specialized licenses for activities like auditing, recruitment, and more.
TASC takes care of all the documentation requirements, translates documents, submits applications to relevant authorities, obtains trade licenses and completes all other regulatory requirements on behalf of the clients. This ensures a smooth and hassle-free company formation experience.
2. Accounting and Bookkeeping
Maintaining proper financial records and books is crucial for business compliance as well as making important decisions. However, bookkeeping tasks can be time-consuming and require specialized skills.
TASC’s experienced accountants handle the full range of accounting services like financial statement preparation, bookkeeping, transaction recording, payroll processing, VAT return filing and advisory, and more.
Clients have real-time access to their accounts through TASC’s online accounting portal for full visibility and control. The accountants also provide customized reports and business analysis to help clients with financial planning and strategy.
3. Virtual Office Services
For many startups and small businesses, leasing a physical office space comes with substantial costs and commitments that are not always necessary. Maintaining a local presence, however, is important for credibility and operations in Dubai. TASC recognizes this need and offers a virtual office solution through which entrepreneurs can utilize TASC’s business address as their registered office and avail crucial services without incurring office rental expenses. Some of the key services provided under a virtual office by TASC include mail forwarding, call answering and reception services.
Under mail forwarding, all postal mail and deliveries addressed to the company’s registered address with TASC are scanned and forwarded electronically. For call answering, the phones are answered by TASC receptionists who take messages and transfer calls to clients. Meeting rooms can also be rented on an hourly basis from TASC’s business centres, providing a professional venue for important business meetings.
In addition, administrative support services help remote companies maintain a functional Dubai office. Services like receptionist duties, data entry, bookkeeping and filing are managed by TASC staff on behalf of clients.
4. Payroll Management
Payroll management is one of the most important yet complex administrative functions for any business with employees. It involves accurately calculating salaries, statutory deductions, allowances and ensuring payments are disbursed on time every wage period as mandated by UAE labour laws. Failing to comply can result in heavy penalties and disputes with staff.
TASC’s payroll specialists take this burden off their clients’ shoulders. They carefully track employee attendance, leaves and any other adjustments to wages on an ongoing basis. When payday arrives, the payroll team processes the salary transfers directly along with remittance of mandatory contributions to government entities. This includes amounts owed to social security and pension funds for each nationalities’ rules.
Detailed pay slips are also generated for all staff members with clear breakdown of gross pay, deductions for taxes, insurance and other heads. This provides transparency. The specialists are fully conversant with the labour rules of different emirates to adhere to varying requirements. They ensure all calculations are faultless to avoid issues.
5. Company Secretary Services
All companies registered and operating in Dubai are legally required to appoint a company secretary. The primary point of contact among the business and Dubai’s regulatory bodies is this individual. They are in charge of making sure the business abides by all the laws and rules.
Some of the key duties of a company secretary include managing statutory filings such as the annual return, maintaining accurate books of accounts and company records, organizing board of directors and shareholder meetings, and recording meeting minutes. With frequent changes to laws and procedures, company secretaries must continuously keep themselves updated in order to fulfill their obligations.
TASC offers professional company secretary services to its clients through certified and experienced secretaries. They take complete responsibility of filing documents within due dates to avoid any penalties. This includes filing the annual return, publishing financial statements and notifying regulatory agencies about changes in the company.
6. Business Setup Consultancy
TASC understands that setting up a new business in Dubai can be a complex process for entrepreneurs. This is where their Business Setup Consultancy service provides valuable support. Experienced consultants are available to guide new business owners through each step of the startup process.
To comprehend what the person is trying to develop, the consultants will first assess their business concept or idea. This gives a consultant a opportunity to recommend a appropriate legal structure for a company, be it an LLC, a sole proprietorship, or another structure. As per a legal framework, they will then assist with the requesting and obtaining a necessary licenses and approvals from relevant authorities.
The TASC consultants make sure the company is linked with crucial professional service providers in addition to assisting with the regulatory needs. This includes helping clients create bank accounts for their companies and acquire insurance. If the business needs an online presence, they may also recommend reliable web design firms.
For all your PRO needs in Dubai, turn to professional corporate services. Businesses may concentrate on their core activities with confidence by outsourcing regular compliance duties and utilizing their knowledge. The highest levels of customer service and compliance are upheld by TASC Corporate Servicesv while handling any part of company registration, accounting, payroll, and virtual offices, as well as company secretarial services, along with business setup advising. To learn more about the best PRO services, get in touch with TASC if you’re trying to launch or grow your business in Dubai.