UAE Services - Mantraa

UAE, one of the world’s top financial hubs, has one of the heavily regulated financial services industry in the world. Setting up a business here can be rather time consuming and long-winded if you are unfamiliar with the country and its policies.

Which company structure should be selected – a Mainland LLC or an offshore or a Free Zone? What is the Tax Threshold? Do I need to register as a VAT payer if I receive income from exports outside the UAE? Which type of License will your company require – Industrial, Commercial or Professional?

Sounds familiar? Don’t worry. We have answers to each of your queries!

To ensure a smooth and speedy incorporation process, avail Mantraa’s expert financial services, encompassing a full range of corporate solutions for regional as well as international clients.

Accounting & Audit

In the UAE, companies are required to keep a record of their financial transactions for at least five years. The UAE Commercial Company Law 2015, Federal Decree-Law of 2017 on Value Added Tax (VAT), and Economic Substance Regulation in the UAE are some of the laws requiring the mandatory maintenance of books of accounts in the UAE. Hence, making Accounting, Auditing and Financial Reporting a must. Below are a gamut of services offered by our team of experts.

Book Keeping Services – Cost effective solutions for regular accounting or clearing backlogs.
Fixed Asset Management – Updating Fixed Asset register, physical verification and variance analysis with books.
Stock Audit – Physical stock verification, variance analysis and high end inputs to improve stock effectiveness.
Monthly MIS and closing – Periodical Management Information System (MIS) Reports for management to have insights on a timely basis, our Recommendations for improvement.
Standard Operating Procedures – Drafting and implementing SOPs for effective operations.
Internal Audit – Ensuring adequate internal controls are in place.

Accounting & Audit

Book Keeping Services – Cost effective solutions for regular accounting or clearing backlogs.
Fixed Asset Management – Updating Fixed Asset register, physical verification and variance analysis with books.
Stock Audit – Physical stock verification, variance analysis and high end inputs to improve stock effectiveness.
Monthly MIS and closing – Periodical Management Information System (MIS) Reports for management to have insights on a timely basis, our Recommendations for improvement.
Standard Operating Procedures – Drafting and implementing SOPs for effective operations.
Internal Audit – Ensuring adequate internal controls are in place.

Tax Services

The taxation system in UAE is dynamic and evolving. The introduction of VAT and new regulations has resulted in elaborate compliance procedures and filing requirements for the entities doing business in these countries. Since every change in the business can have VAT implications, it’s advisable to work with qualified UAE tax consultants for VAT filing in UAE. At Mantraa, we guide you all along – from registering to filing returns – We do it all! Below are the services we offer to help you manage your taxes effectively.

VAT Registration & Deregistration – Timely VAT registration or deregistration.
VAT Consultancy & Compliance – Transaction mapping, Consultancy and VAT return filling
VAT Health Check – Ensuring that VAT compliances are followed as per the FTA guidelines.
VAT Audit Service – Internal Audit of VAT or assistance in VAT audit by FTA.
Early Preparation for Corporate tax – Ensuring that the entity is well prepared to implement corporate tax based on notifications issued from time to time.

Financial Services

Corporate finance helps in defining a financial strategy which is built on the basis of organizational parameters which helps to achieve the maximum profit possible by a business. Financial advisory and consulting are required at every step you take in your business. Whether you talk about business valuation, working capital management or finance restructuring, our expert team helps you sail through with ease. Below are a range of services that we excel in.

Mergers & Acquisitions (M&A) – Creating value and mitigating the challenges over the course of the M&A processes – (Refer Mantraa website)
Business Feasibility Study – Analysis of the prevalent and future market conditions, financial aspect of the business, technical aspect of the business and its operational feasibility
Strategic Consultation – Expert advice on how to scale up, expand and grow considering the different avenues available and advising on best suitable way forward.
Business Valuation, Financial planning & Modelling, Due diligence – Accurate business valuation for understanding funding readiness, the efficiency of capital allocation and profitability improvement.
Profit and cash flow analysis, Budget and Variance analysis, Working capital management – Preparing a cash flow statement, guidance on investment decisions and capital allocation.
Finance Restructuring, reorganization, and revival – Expert guidance on restructuring the capital investment, litigation settlement, etc. and organizational restructuring during a merger or acquisition.

Financial Services

Mergers & Acquisitions (M&A) – Creating value and mitigating the challenges over the course of the M&A processes – (Refer Mantraa website)
Business Feasibility Study – Analysis of the prevalent and future market conditions, financial aspect of the business, technical aspect of the business and its operational feasibility
Strategic Consultation – Expert advice on how to scale up, expand and grow considering the different avenues available and advising on best suitable way forward.
Business Valuation, Financial planning & Modelling, Due diligence – Accurate business valuation for understanding funding readiness, the efficiency of capital allocation and profitability improvement.
Profit and cash flow analysis, Budget and Variance analysis, Working capital management – Preparing a cash flow statement, guidance on investment decisions and capital allocation.
Finance Restructuring, reorganization, and revival – Expert guidance on restructuring the capital investment, litigation settlement, etc. and organizational restructuring during a merger or acquisition.

Outsourced services

Require a service for just a few hours every month or on a part-time basis? Consider Outsourcing! By outsourcing a service, you’ll be able to get the value they can contribute to your business without the time and effort needed to hire an in-house team. Outsource Mantraa’s expert services and save the hiring, training, compliance co-ordination, space and software costs!

Outsourced CFO Service – Shared CFO services from experts in the field, Profit and cash flow optimization, Budget and Variance analysis , Working capital management
Outsourced Book Keeping and MIS – Having back office in India, we can provide you with the most cost effective solution for book keeping by qualified professionals
Recruitment and Staff Hiring Solutions – Assisting corporates with a team of IT and non-IT Recruiters, payroll specialists and legal assistance team for their business needs.

Company Setup Services

The Company Set Up statics in UAE have sky-rocketed recently due to the support of Tax-free income, Policies & regulatory framework, government support & relationship with countries all over the world. The process of a company setup in UAE can be a piece of cake if reliable and trusted business setup consultants like Mantraa are hired. Check out the wide array of setup services that we provide.

Business set up advisory – Complete guide on Free Zone / Mainland entity and suitable company structure (Branch / Subsidiary / Standalone).
Setting up a company – Liaising with authorities for setting up company and providing documentation assistance.
Company De-registration – Liaising with authorities to de-register company and other formalities.

Company Setup Services

Business set up advisory – Complete guide on Free Zone / Mainland entity and suitable company structure (Branch / Subsidiary / Standalone).
Setting up a company – Liaising with authorities for setting up company and providing documentation assistance.
Company De-registration – Liaising with authorities to de-register company and other formalities.

Digital Transformation

Get the first-mover advantage with a well-crafted digital transformation strategy and stay ahead of your competitors. For businesses to thrive and remain competitive these days, digital transformation is the master key. Digital transformation alters the operational approach of your business allowing superior productivity and value of the business. At Mantraa, we provide services for the adoption of technologies, leveraging emerging technologies, review processes and swapping manual processes for automated models. Enlisted here are some of the key areas wherein we provide our services.

Enterprise Resource Planning (ERP) Solutions – Diagnosis, suggesting suitable solutions, functional support in implementation, other software solutions – Diagnosis, In-house software / CRM / other applications – suggestions for SMEs.
Customization and automation – Guidance to avoid or minimize customization and automating operations for increased speed and accuracy as well as to be less dependent on people.
Business Intelligence (BI) Reports – Mapping Power BI and other tools to generate reports to enable management to have live data of business performance.

Other Compliances

Economic Substance Regulations (ESR) Compliances – Relevant activity checking, filing of notification and filing of returns.
Anti Money Laundering (AML) Compliances – Drafting policies and procedures for AML compliance, submission of DPMSR report, STR report, FFR report, PNMR report, Annual AML / CFT risk assessment report, Due diligence.
Ultimate Beneficial Ownership (UBO) Compliances – Submission of report as per guidelines.
Tax Residency Certificate – Application filling, documentation, and tax residency certificate.

Other Compliances

Economic Substance Regulations (ESR) Compliances – Relevant activity checking, filing of notification and filing of returns.
Anti Money Laundering (AML) Compliances – Drafting policies and procedures for AML compliance, submission of DPMSR report, STR report, FFR report, PNMR report, Annual AML / CFT risk assessment report, Due diligence.
Ultimate Beneficial Ownership (UBO) Compliances – Submission of report as per guidelines.
Tax Residency Certificate – Application filling, documentation, and tax residency certificate.