We can customize our accounting and document archiving services to your individual requirements
Value Added Tax, Accounting and Auditing
• We facilitate for you the accounting services and administrative systems in a professional manner.
• We provide partial periodic accounting and accounting services by qualified and professional accountants and also provide a full range of accounting services to support your in-house accountant, account accountant, or computer accounting system.
If you don’t have these resources, we can outsource your accounting, and this helps you avoid adding to your standing salaries.
We can customize our accounting and document archiving services to your individual requirements, which in essence usually include:
• Preparing management reports
• Income statement, balance sheet, —–etc
• Maintain nominal, comprehensive, accurate and comprehensive data books to reconcile your bank’s position.
• Other business reports eg debit and creditors lists
• Management reports are the main source of information that companies and institutions use to run their operations and plan for the future, but many small and medium-sized companies do not have the internal resources or capabilities to produce this valuable source of management information.
We can provide a full external service or we can work with your in-house finance team.
Internal Audit Services
International markets are awakening to the need for strategic and tactical planning to achieve business vision and missions by taking on minimal risks if managed effectively, with more freedom to plan for future expansions. This leads to the establishment of policies and procedures including the establishment of a framework for risk management and internal control in the business. There is a role for the internal audit function that is critical to the success of any risk management framework within an organization:
We can provide a full external service or we can work with your in-house finance team.
We can provide a full external service or we can work with your in-house finance team.
Our services
1- The function of internal audit
2- Fully outsourcing involved in outsourcing existing internal audit function
3- Converting internal audit to IT audit
4. Process planning and process review and testing of internal control documents
5- Operational audits
6- Quality Assurance Reviews
The company, whether local or in a free zone, will require a bank account to do any kind of business
Bank account opening services
Commercial banks in the UAE fall into two main categories – locally listed banks and branches of foreign banks. There are 23 local banks and 28 branches of foreign banks operating in the UAE (as of 2016). All banks are regulated by the Central Bank of the UAE, which is charged with ensuring the financial soundness of these institutions.
Opening a company bank account in Dubai / UAE
The company, whether local or in a free zone, will require a bank account to do any kind of business.
Opening a corporate bank account in the UAE is a relatively simple procedure for major local businesses in the UAE. However, customer identification requirements may vary according to the size and activity of the business.
The financial institution will request information detailing the legal existence of the entity.
Companies owned by corporate entities will need to provide a full set of corporate documents to determine management and ultimate beneficial ownership of the structure. In most cases, these documents must be notarized in the country of origin.
And again in the UAE, global initiatives to combat tax evasion, money laundering and terrorist financing in the past decade have forced the Central Bank to impose increased customer due diligence measures on financial institutions that open accounts for offshore companies. As a result, banks have had to adopt a risk-based approach to account opening.
How can NDVI help?
NDVI Corporate Services Dubai can guide you through the process and help you prepare all necessary documents to facilitate account application. Our fee for attending the account opening process starts from $1,500. This does not include the costs of preparing any additional notarized documents that a particular bank may need. Documents required to open a corporate bank account in the UAE.
• Company’s commercial license
• Certificate of Registration
• the company’s articles of incorporation and articles of association; the decision of the board of directors to enable the company’s official to open the account;
• Passport copies of shareholders and authorized signatories.
The documents required vary depending on the bank and the corporate structure of the company. Companies that have corporate shareholders outside the UAE will be required to notaries, notarizing all parent company documents in the country of origin and back in the UAE.