We at Business Setup Worldwide provide specialized bookkeeping and accounting services; we meet all your accounting requirements. Outsourcing is a very cost effective way of reducing the hiring and training expenses of the accountants in an organization.
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FAQs
What are accounts outsourcing/ bookkeeping?
Where is the work done?
We provide accounting solutions unique to the client’s requirement. The scope of coverage could include whole accounting aspect for the entity to specific functional areas in accounting. The service could be performed onsite or offsite depending on the requirement for service delivery, information security, logistics, and deadline.
What is the duration of engagement?
The accounting assistance agreement term is for one year (financial years) and later can be renewed after review of your new requirements. Contracts are very flexible, e.g. one or two days every week, monthly, quarterly, half-yearly or annually. We will meet the needs of your business as per your requirement.
You are assured of a dedicated professional accounting service to help make the most of your business.
Do I lose control if the accounts are handled by an outside agency?
Owners do not lose control because they will have more time to make informed decisions on all the financial aspects post accounting bookkeeping are done. As an investor you will be able to focus and plan instead of reacting to business events.
What's Included?
It can include almost everything an in-house accounting department does or as little as you would want, and provide more effective financial information that can benefit the growth of your company.
Are there other benefits apart from cost savings?
- Accurate Guidance
- Fast Track Process
- Valued Connection
- Professional Market Experience
Is it mandatory to have a local resident director for registering a company in RAK?
No. Neither a resident director nor a resident shareholder is required for registering a company in RAK. Companies registered in the Ras Al Khaimah Free Zone can be 100% foreign owned.
Do I need a physical office to set up a business in RAK?
This depends on the type of your entity. For someone operating an offshore company, a virtual office is acceptable. A physical office premises must be leased if someone intends to conduct business within the UAE.
What is the norm on licences in RAK Free Trade Zone?
RAK FTZ requires the companies in its jurisdiction to obtain trade or business license before undertaking any activity. The license issued by RAK FTZ is subject to yearly renewal, for which the company should submit their audit reports.
What are the economic advantages of setting up a business in RAK?
A company in RAK is 100% tax free, allows 100% foreign ownership (in case it is in a Free Trade Zone), 100% repatriation of capital and profits, long term corporate tax exemption, and economical rental office spaces.