Since the introduction of UAE Corporate Tax, your accounting records are no longer just internal documents — they are the statutory basis of your tax return and the first thing the FTA requests in an audit. Weak books mean weak filings, and penalties follow.
Leeum designs your accounting framework to UAE Commercial Law and IFRS from day one, and manages monthly closing and reporting consistently — including consolidated reporting packages for a foreign parent.
What we do
- Bookkeeping — monthly or quarterly, with a proper document-retention system
- Monthly closing & management reports — P&L and cash-flow summaries
- IFRS financial statements — annual accounts and disclosures
- External audit support — auditor selection, audit-file preparation, and responses
- Head-office reporting — consolidation packages on your group's timetable
- System setup — accounting software and process design for new entities
Who this is for
- Newly established entities operating without in-house finance staff
- Subsidiaries and branches reporting monthly to a foreign parent
- Companies preparing books for a tax filing or an external audit
Note
Rates and thresholds on this page are general guidance as of July 2026. Actual treatment depends on your business structure, industry, and financial year — please contact us for a specific review.
Frequently Asked Questions
Are UAE companies required to keep accounting records?
Yes. UAE Commercial Law and the Corporate Tax Law require IFRS-based books and supporting documents to be maintained and retained. Your tax return is prepared from these records, so systematic bookkeeping matters regardless of size.
Does every company need an external audit?
It depends on your legal form and free zone. Many free zones — including JAFZA and DMCC — require an audit report at licence renewal, and mainland entities may need one depending on size and sector. We can confirm your position.
Can you report in our head-office format?
Yes. We work in English, Korean, and Japanese, and align deliverables with your group closing calendar and consolidation package.