FAQ | Accounting, Tax & Company Formation Questions — FMCA
Accounting
Tax Advisory
Company Formation
Fundraising
Company
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FAQ

Frequently Asked Questions

Common questions on accounting, tax, company formation, and fundraising in the UAE and Saudi Arabia — organized by topic. Can't find what you need? Ask a senior consultant directly.

Answered by FMCA's senior advisory teams.

Accounting

What accounting services does FMCA provide?+

Bookkeeping and outsourced accounting, fractional CFO advisory, IFRS financial statements, and payroll and WPS compliance — see the Accounting overview for the full breakdown.

Do you work with startups or only established businesses?+

Both — we support pre-revenue startups through established SMEs, scaling the engagement to what the business actually needs.

Can you take over from an existing bookkeeper or accountant?+

Yes — this is a common transition, including cleaning up historical books that have fallen behind before taking over ongoing bookkeeping.

Do you provide monthly management accounts?+

Yes — monthly management accounts and MIS reporting are core to how we support growing businesses, not just annual statements.

What's the difference between bookkeeping and a fractional CFO?+

Bookkeeping records the numbers; a fractional CFO uses them to guide strategy — pricing, hiring, financing, and growth decisions. Many clients use both together.

Tax Advisory

What's the UAE Corporate Tax rate?+

9% on taxable income above AED 375,000 annually; income at or below that threshold is taxed at 0%.

Do I need to register for VAT?+

Registration is mandatory once taxable supplies exceed AED 375,000 in any rolling 12-month period, and voluntary from AED 187,500.

Are you registered FTA tax agents?+

Yes — our tax practice is led by tax agents registered with the UAE Federal Tax Authority, with direct representation rights in FTA correspondence and audits.

Do you handle KSA tax and Zakat as well as UAE?+

Yes — corporate tax, Zakat, VAT, and ZATCA e-invoicing compliance in Saudi Arabia, alongside UAE tax work, as one connected service.

What happens if I've made VAT or Corporate Tax filing errors in the past?+

A voluntary disclosure to the FTA is generally far less costly than waiting for an audit to find the same errors — we can review past filings and manage the disclosure process.

Company Formation

Should I set up in a UAE Free Zone or Mainland?+

It depends on where your customers are and whether you need government contracts — see our Mainland vs. Free Zone guide for the full decision framework.

Can foreigners own 100% of a UAE or Saudi company?+

Yes, in most sectors in both markets — the Saudi partner and UAE local sponsor requirements have both been largely removed for most activities.

How long does company formation take?+

UAE Free Zone formation can take days to a few weeks; Mainland and Saudi MISA licensing typically take longer, depending on activity and documentation readiness.

Do you help with company formation in Saudi Arabia too?+

Yes — MISA licensing, RHQ setup, and ongoing compliance, coordinated with our UAE team for businesses operating in both markets.

Do you help with UAE Golden Visa applications?+

Yes — Golden Visa and residency services are part of our post-formation compliance and PRO services offering.

Fundraising

Can FMCA help value my business?+

Yes — we prepare formal business valuations for companies at every stage, from pre-revenue startups to established SMEs, using DCF, comparable multiples, and precedent transaction analysis together.

Do you help prepare for investor due diligence?+

Yes — financial, legal, commercial, and data room preparation, so a due diligence process doesn't uncover avoidable surprises.

Is FMCA able to help find investors, or only prepare documentation?+

Our core role is getting a business genuinely investment-ready — audited financials, a credible model, a defensible valuation, and a proper data room — which is what determines whether investor conversations actually convert.

When should I get a business valuation?+

Before any fundraising round, M&A process, or major shareholder event — a professionally prepared valuation is a credibility signal in all three.

Working With FMCA

How is FMCA different from a typical accounting firm?+

Engagements are senior-led from start to finish — the consultant or registered tax agent you speak to during scoping stays on the engagement, rather than handing off to a junior team.

Do you serve businesses outside Dubai?+

Yes — clients across the UAE and Saudi Arabia, with offices in Dubai and Riyadh.

How do I get started?+

Book a free initial consultation from any page on this site — a senior consultant will respond directly within one business day.

Is the initial consultation free?+

Yes — a free, no-obligation 20-minute call to understand your situation and whether we're a good fit.

Do you offer fixed fees or hourly billing?+

Fee structures are scoped to the engagement — we'll confirm the basis clearly before any work begins, with no surprise billing.

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