What does a VAT consultant do?

A VAT consultant provides tax management and planning solutions, ensuring businesses comply with VAT regulations while optimizing resource management. They help secure tax refunds, maximize VAT benefits, and prevent penalties.

Does VAT apply to all goods and services?

Whether explicitly excluded or exempted by law, VAT, as a consumption tax, affects most transactions of goods and services.

What are the five VAT compliance requirements?

Registering for VAT with the FTA. Charging VAT on taxable supplies. Maintaining proper VAT records. Filing VAT returns on time. Paying VAT dues to the FTA.

Has the UAE VAT Law imposed specific requirements on particular sectors?

Yes, most activities performed in the designated zone will receive preferential VAT treatment as it is considered outside the UAE for VAT purposes.

What is the duration for which a taxable person is required to retain VAT invoices?

VAT invoices must be kept for at least five years by taxable persons who produce or accept them.

What is the minimum turnover for VAT in the UAE?

Businesses must register for VAT if their annual turnover exceeds AED 375,000. Voluntary registration is allowed for businesses with a turnover above AED 187,500.

Is my business eligible for VAT filing?

Eligibility depends on factors like revenue, business type, and location. Businesses exceeding the VAT registration threshold must register and file returns. Certain small businesses, non-profits, and government entities may be exempt.

How long does it take to get a VAT certificate?

It typically takes around 20 business days after submitting a complete application. The processing time may vary based on whether the registration is mandatory or voluntary.

How is VAT different from sales tax?

VAT and sales tax are both consumption taxes. In UAE, VAT is imposed at every stage, while sales tax is only charged on the final sale. VAT is more sophisticated and helps prevent tax evasion.

What are the VAT rules in the UAE?

The UAE introduced VAT in 2018 at a standard rate of 5%, governed by Federal Decree-Law No. (8) of 2017. Businesses must comply with VAT regulations, including registration, filing, and record-keeping.

What are the advantages of being VAT registered?

Legal recognition and compliance with tax regulations. Ability to charge and recover VAT, improving cash flow. Smoother business operations with proper tax documentation.

Can I claim VAT on old invoices in the UAE?

Yes, VAT can be claimed on old invoices if they haven’t been previously claimed and fall within the time frame set by the Federal Tax Authority (FTA).

Outsource CFO Services
in Dubai, UAE

We provide CFO Advisory Services, current financial records, instant data access, quick and precise statutory reports, with custom bookkeeping solutions that match your needs.

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Our Clients

CFO Services in Dubai, UAE

Our team brings deep expertise and dedication to helping CFOs address their current and future financial challenges. We guide clients through financial value creation, including major changes and key initiatives. Our work includes implementing digital tools and automated systems for finance departments.

Key Responsibilities of CFO Services in Dubai, UAE

A CFO plays a crucial role in financial oversight and business strategy. Their responsibilities extend beyond accounting to ensure sustainable growth.

Maintaining liquidity and ensuring smooth financial operations.

Assessing financial performance and identifying key areas for growth.

Developing financial roadmaps to support business objectives.

Ensuring adherence to UAE financial laws and reporting standards.

Providing insights to assist leadership in decision-making.

Identifying financial risks and implementing mitigation strategies.

Monitoring financial health through accurate reporting and analysis.

Managing communication with stakeholders and potential investors to strengthen financial credibility.

How Can IMC Help You

We create practical finance plans that align with your business goals and help your finance team work better.

Finance Transformation

Need to make your financial processes more efficient?

We assist in finding good financing terms and improving credit ratings to make your business stronger in today's market.

Debt Advisory & Credit Rating

Want expert help with debt management and credit scores?

Our solutions help free up working capital and maintain steady cash reserves for stable business growth.

Working Capital Optimization

Having trouble managing cash flow?

We improve your transaction methods to make work flow smoothly and increase accuracy as your business grows.

Financial Transaction Process Optimization

Are your financial operations slow?

Our team refines your reporting methods to produce accurate financial statements on time, helping you make better choices.

Reporting During Financial Closure

Do delayed financial reports slow you down?

We set up IPMS systems that show clear progress, measure results, and build responsibility throughout your company.

Integrated Performance Management System (IPMS)

Looking to connect team results with business goals?

Why Choose CFO Services?
Challenges Faced by Today's CFOs.
How IMC Can Help You?

Benefits of Outsourced CFO Services in Dubai, UAE

Business Growth Support

Get the funding you need from banks and financial institutions with solid financial plans and expert guidance.

Risk Mitigation

Lower future risks through careful planning and expense management, including regular insurance policy reviews.

Scalable Solutions

Adjust your financial services as your business grows, with CFO support that fits your changing needs.

Custom Financial Processes

Make your financial operations more effective with cash flow policies, budget controls, and department-wide procedures.

Value-Driven Cost Savings

Cut costs by over 50% by removing recruitment, visa, and employee insurance expenses while maintaining high-quality financial work.

Compliance Made Simple

Get expert help with UAE tax matters, VAT, and statutory requirements, plus thorough audit support.

Financial Transparency

See your financial data and reports in real time to make well-informed business decisions.

Strategic Tax Expertise

Receive specific tax advice for UAE requirements to meet all regulations properly.

Why We Differ from Others in CFO Advisory Services

Our Services

Others

Expertise: IMC CFOs bring deep experience in financial management, covering cash flow policies, financial reports, and growth-focused advice.

Expertise: Often accountants with limited business experience, lack the depth of a true CFO’s role.

Skillset: Proficient in financial analysis, tax management, business reports, and creating effective policies for business efficiency.

Skillset: Limited to basic services like budgeting, without exposure to diverse financial needs.

Flexibility: Offers CFO services on full-time, interim, or remote arrangements to adapt to different client requirements.

Flexibility: Restricted to one type of service, unable to accommodate varying client needs effectively.

Regulatory Knowledge: Comprehensive knowledge of UAE regulations and global compliance standards, ensuring businesses meet all legal requirements.

Regulatory Knowledge: Limited understanding of local regulations and international compliance challenges.

Global Network: Backed by Andersen Global, providing support across 300+ locations worldwide for clients with cross-border operations.

Global Network: Primarily local expertise with little or no international presence or network.

Krizelle Briones

Assistant Manager

Transform Your Business with CFO Services in Dubai, UAE

Take your business to the next level with our expert Outsourced CFOs. From strategic financial planning to cash flow mastery and compliance solutions, we tailor our services to meet the dynamic demands of the UAE market. Gain real-time insights, personalized support, and cutting-edge financial strategies to drive sustainable growth and outpace the competition in Dubai’s thriving business hub.

CFO Services in Dubai - FAQs

How does a chief financial officer (CFO) operate in a small business?

CFO services assist small businesses with financial expertise that is affordable. Essential services include improving your business, preparing financial statements, generating relevant reports, assisting with budgeting and forecasting, and monitoring progress against budgets.

What are Virtual CFO services?

Outsourced CFO or fractional CFO services involve hiring a highly qualified professional to perform CFO tasks offsite through modern communication. The services are provided at a fraction of the cost, making it an increasingly common Business Process Outsourcing service in the UAE.

Why do I need CFO services?

Outsourcing a CFO service gives you an impartial review of your finance department’s bookkeeping and accounting. You can rely on accurate figures and receive necessary reports. The CFO can assist with strategic decisions and implement control procedures.

Does a CFO assist with a bank's facility?

Yes. A CFO builds trust with bank personnel to secure the best facilities.

How can IMC Group’s CFO services support businesses in Dubai?

IMC Group provides expert financial planning, cash flow management, and compliance solutions tailored for startups, SMEs, and corporates.

What are Fractional CFO Services?

Fractional CFO services provide part-time access to a financial expert, helping businesses with financial strategy, budgeting, and planning without hiring a full-time CFO. This is a cost-effective solution for startups and growing companies.

What are Virtual CFO Services?

Virtual CFO services offer remote financial management, using technology to provide reporting, cash flow management, and strategic planning. This is ideal for businesses that need expert financial oversight without an in-house CFO.

Why do I need a CFO if I already have a bookkeeper?

A bookkeeper handles daily transactions, while a CFO provides financial leadership, including forecasting, risk management, and strategic planning. A CFO helps businesses make informed decisions for long-term growth.

What is included in CFO Services?

CFO services typically include financial planning, budgeting, cash flow management, compliance, risk assessment, and business strategy. They also involve setting up internal controls and guiding decision-making.

How much does a CFO service cost?

The cost varies based on the level of support required. Businesses can choose from part-time, virtual, or fully outsourced CFO services, making it a flexible option based on budget and needs.

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