Accounting and Tax

Legacy Partners specializes in accounting, bookkeeping, SaaS-based ERP implementation and advisory services from a virtual CFO. We are emerging leaders in providing trusted accounting partners for firms and SMEs in Dubai, UAE. LP delivers accurate accounting services while you 
focus on other core aspects of your organization, which is beneficial in the long run.

• 100% hassle-free consultation and deliver high-quality services
• Precise financial reports are customized according to your business.
• Virtual CFO service provides top-notch financial strategies focused on an individual report.
• Businesses are free from issues regarding cash flow, raising capital, and solving tight margins with the strategy that from your growth. 
• Implementing a fully integrated ERP system is a large-scale, company-specific process that significantly impacts the organization.

Virtual CFO - Legacy Partners provide strategic financial guidance and solutions, propelling startups into scale-up. Our progressive external financial team for startups and small businesses is looking to accelerate your growth. Through our virtual CFO, we can make financial planning, reporting, and bookkeeping suited for startups and developed industries.

CFO services would offer the organization advantage of technology integration. You can get timely updates on compliance to be followed. We would provide organization accounting compliance and compliance with the relevant regulatory authorities. We ensure the optimum ability is achieved in managing your optimization's financial resources.

VAT UAE- The UAE federal and emirate governments provide citizens and residents with many different public services, including hospitals, roads, public schools, parks, waste control and police services. VAT provides our country with a new income source, providing future high-quality public services. A business must register VAT if its taxable supplies and imports exceed AED 375,000 per annum. 

A business house pays the government the tax it collects from its costume. At the same time, it receives a government refund on taxes it has paid to its suppliers. The UAE coordinates VAT implementation with other GCC countries because it is connected with them through 'The economic agreement between the GCC states' and 'The GCC customs Union'.

Corporate tax: The ministry of finance announced on January 31st that the federal corporate tax will be implemented from June 1st 2023. The business entities are subjected to corporate income tax, where their operations fall in the mainland of the UAE. The impacts of the corporate taxation on the business entity are on the business operation to expand the same amount of the business by further not opening a workstation for cost efficiency. Another impact of corporate tax is that the business structure attracts certain tax liabilities.