Services

Services

“We offer services which are in compliance with international standards, accepted accounting principles and auditing practices”

Auditing

The auditing division of BHMJ offers the complete range of Audit and assurance services to meet the business needs of client in this dynamic global environment. Through the years of immense experience and knowledge in Accounting and Auditing sectors, we have tailor made services with the most credible approach.

 

Businessman pressing an Audit concept button.

This segment is engaged in providing the following services

  • Statutory, External and Independent.
  • Internal Audit
  • Management Audit
  • Compliance Audit

Taxation

VAT rules can be complex and the implications are not always considered. Implementation of VAT needs careful planning for its success. BHMJ comprises of a team of dedicated individuals who specialize in offering VAT consultancy services in Dubai. All businesses will require to maintain their books of accounts and will have to do audit for financial statement for tax purpose. We help you in managing all matters of VAT and taxation. There is a large number of clients dealing with us for a long time and they are fully satisfied with our VAT consultancy services.
Services are-

  • VAT Registration
  • VAT System Implementation
  • VAT Accounting Software
  • VAT Calculation
  • VAT Return Filing

Company Law

Establishing business in Dubai is an excellent way to legitimately book international profits without paying any tax. Besides, there are no capital gains or personal income taxes in UAE.
U.A.E. offers incoming businesses all the advantages of a highly developed economy. The infrastructure and services match the highest international standards, facilitating efficiency, quality and service. Among the benefits are:

  • Free enterprise system.
  • Highly developed transport infrastructure.
  • State-of-the-art telecommunications
  • Sophisticated financial and services sector.
  • Top international exhibition and conference venue.
  • High quality office and residential accommodation.
  • Reliable power, utilities etc..
  • First class hotels, hospitals, schools, shops etc. Cosmopolitan lifestyle

UAE Business climate

  • No personal income and capital taxes
  • No corporate taxation
  • 100% repatriation of capital and profits
  • No currency restrictions
  • Competitive import duties (5% with many exemptions).
  • Modern efficient communication facilities
  • Abundant and inexpensive energy supply
  • Simple staff recruitment procedures
  • Competitive freight charges
  • Competitive real estate costs

Easy access to both sea and airports

 

Company Law

  1. Trade License
  2. Industrial License
  3. Professional License


UAE Business climate

  • No personal income and capital taxes
  • No corporate taxation
  • 100% repatriation of capital and profits
  • No currency restrictions
  • Competitive import duties (5% with many exemptions).
  • Modern efficient communication facilities
  • Abundant and inexpensive energy supply
  • Simple staff recruitment procedures
  • Competitive freight charges
  • Competitive real estate costs
  • Easy access to both sea and airports

 

Company Law

  • Tax Incentives
  • 100% Corporate tax exemption
  • 100% Personal income tax exemption

Investment Incentives

  • 100% foreign ownership is allowed
  • 100% repatriation of capital and profits possible

Very few restrictions on recruiting labour

  • Shared services and synergies with other companies
  • No bureaucratic red-tapism
  • State of the art infrastructure

Accounting

BHMJ offers a wide spectrum of accounting services that answers to the financial needs of any business in the global market. We ensure that the financial statements are complying with International Financial Reporting Standards (IFRSs) and are committed to keep the highest level of professional standards and quality.

 

  • Budget preparation and Cash flow projections. Reports on actual vs projections.
  • Assessment / review of funds requirement and advice for optimum sourcing.
  • Consultancy on banking facilities.

Finance

  • Preparation of Feasibility reports and appraisals
  • Due diligence reports.
  • Strategic Planning
  • Management reports with organizational reviews and recommendations.
  • Developing Management Information Systems (MIS).
  • Devising cost control and cost reduction measures for maximizing efficiency and profitability. Business Set up
  • Formation of Companies in Main land, Free Zones and Offshore.
  • Drafting of Memorandum and Articles of Association.
  • Drafting of Partnership and other Commercial Agreements and Memorandum of Understanding (MOU).
  • Consultancy for corporate statutory compliance.

 

Company Law

We provide liquidation services for all entities – limited liability companies, free zone companies and offshore companies across UAE.
Steps & procedures for cancelling Limited Liability Company in UAE.
First: Notice of Company’s Dissolution & Appointment of a Liquidator:

  • Submission of Registration & Licensing Application Form
  • Duplicate of official document showing dissolution of the company, appointment of a legal liquidator and mentioning his name and determining the method of liquidation. This may either be by a resolution of the company’s partners or general assembly duly notarized, or by court order.
  • Certified copy of the signature of company’s director(s), and the company’s legal liquidator, as the case may be, authenticated by the Notary Public.
  • Original Certificate of Registration in the Commercial Register + the original trade license.
  • Copy of the license of the liquidator + Certificate of condition auditor + Letter from the liquidator approving the liquidation of the company.

Second: Cancellation of license(s) & cancellation from the Commercial Registration:

  • Certificates issued in the other Emirates indicating cancellation of license(s) (if any).
  • Original copy of the final account of liquidation approved by the partners or general assembly and stamped by the legal liquidator.
  • No-objection letter concerning cancellation issued by the Ministry of Labour& Social Affairs.
  • Visa Cancellation of the partner(s) in case they are sponsored by their license.
  • Copy of the notice of the company’s dissolution & appointment of a liquidator to be published in the official newspapers.
  • Letter from the partner for the agreement of the liquidation of the company.
  • Ministry of Economy resolution (concerning private shareholding).
  • UAE Securities and Commodities Authority resolution (concerning public shareholding). Copy of the license of the liquidator + Certificate of condition auditor + Letter from the liquidator approving the liquidation of the company.