Elements of a Business Plan:
IFC is a UK qualified Chartered Accountancy practise based in Dubai. We help our clients with Accounting, VAT and other related services. Please find the following list of services offered by IFC:
IFC works on the principle of delivering excellence to all clients. Please find the following list of services offered by IFC:
IFC provides tailor made services for each client. We design and create solutions to help businesses with any and every corporate problem.
IFC's services:
No, IFC offers CFO services in addition to accounting, bookkeeping, VAT, consultancy and related services.
Here is the list of all services IFC provides:
Solely having an accountant is not sufficient. It is highly important to have a CFO and other services taken care of.
IFC offers the following services:
IFC provides solutions to all business problems.
IFC's offerings:
IFC has a proven record of delivering success and excellence. We provide out-of-box solutions that accelerate business growth.
The list of services that IFC provides:
We work with all industries. Most of our clients are from the following industries:
The following services are provided by IFC:
We work with xero, quickbooks, zoho, tally, sage and related software.
Yes, IFC provides cloud accounting services.
IFC's offerings:
IFC helps entrepreneurs turn their ideas into reality. We help them assess risks, possible revenue factors and hidden costs. Lets you're your idea happen!
As IFC has worked with many startups, we can help you with your new business.
Voluntary Registration: Annual turnover – AED 185,000 +
Involuntary Registration: Annual turnover – AED 375,000 +
A business plan comprises of many crucial elements like market analysis, feasibility, financial projections and more. We have helped many clients with their business plan.
Yes, online businesses could require various licenses. We help companies with compliance and more. Contact us today to find out more.
Yes, IFC helps companies design their whole exit strategy. We help with liquidation, business valuation and more.
Contact us today to know more.
Business plan is crucial to assess the feasibility, risks and financial projections. Contact us today to know more.
Accountants help you with daily bookkeeping, record keeping, reports, financial tasks and more. We provide accounting, bookkeeping, VAT related and more services.
IFC offers the following services:
A CFO provides you a dashboard with all your current data, existing data and future projections. CFO helps you formulate strategies for growth and success.
The financial information depends on the type of business and client requirements. Typically, the following are required from our clients:
Contact us today to know more.
Yes, we can help you switch to another accounting software, and also provide training for it. We work with Xero, Zoho, QuickBooks, Sage and more.
No, we work with all accounting software.
Contact us today to know more.
IFC integrates technology with accounting to provide innovative and out-of-box solutions. We help business owners get rid of the hassle of doing their own booking on a day to day basis. We provide daily accounting, regular updates and more to ensure our clients are at ease. Call us today to know more.
Yes, you will have complete transparency throughout the process. We ensure a smooth, transparent and happy client experience.
Call us today to know more.
We aspire to provide everything that our clients require.
IFC offerings:
We provide part time accounting, part time CFO, and more solutions. IFC's offerings:
Yes, we provide part time CFO solutions.
Just give us a call on +9714 4232062, or drop us an email at info@ifcgroup.co
Kindly fill out the form below so that we can give you a quick call to understand your requirements:
Intelligent Finance Consultants
801 U-Bora Tower, Business Bay,
Dubai, UAE
+971 4 4232062
www.ifcgroup.co
We work with all industries. Here are some industries we have worked with:
IFC adheres to the latest technological trends and combines it with accounting to provide out of box solutions.
IFC's offerings:
The UAE introduced Economic Substance Regulations to honour the UAE’s commitment as a member of the OECD Inclusive Framework on BEPS, and in response to a review of the UAE tax framework by the EU which resulted in the UAE being included on the EU list of non-cooperative jurisdictions for tax purposes (EU Blacklist). The issuance of the Economic Substance Regulations on 30 April 2019 (the Regulations), and the subsequent release of the Guidance on the application of the Regulations on 11 September 2019, was a requirement for the removal of the UAE from the EU Blacklist on 10 October 2019. The purpose of the Regulations is to ensure that UAE entities that undertake certain activities are not used to artificially attract profits that are not commensurate with the economic activity undertaken in the UAE.
The Regulations apply to financial years starting on or after 1 January 2019. Example 1: A UAE company with 1 January 2019 - 31 December 2019 financial year: First assessable period would be 1 January 2019 - 31 December 2019. Example 2: A UAE company with 1 April 2019 - 31 March 2020 financial year: First assessable period would be 1 April 2019 - 31 March 2020. No need to comply with the Regulations for the period 1 January 2019 - 31 March 2019.
The Regulations apply to UAE onshore and free zone companies, branches, partnerships, and other UAE business forms (referred to as Licensees) that carry out any of the following Relevant Activities.
Yes, if the ‘offshore’ company undertakes a Relevant Activity.
No. Whilst the commercial license may indeed state the Relevant Activity, a ‘substance over form’ approach must be used to determine whether a Licensee undertakes a Relevant Activity and is within the scope of the Regulations. This means looking beyond what is stated on the commercial licence to the activities actually undertaken by the Licensee during a financial period.
A Licensee that undertakes a Relevant Activity but that does not earn income from this activity in a financial period is not required to meet the Economic Substance Test for that period. Whilst the Licensee would still need to submit a notification with its Regulatory Authority, it is not required to file an Economic Substance Return for the relevant financial period.
No, directors only need to be physically present in the UAE to attend relevant board meetings of the Licensee.
No, whilst obtaining a UAE Tax Residency Certificate requires certain minimum presence in the UAE, a UAE Tax Residency Certificate in itself is not proof of a Licensee having adequate economic substance in the UAE in relation to is Relevant Activity and the income earned from this activity.
Yes, a UAE entity that makes a loan or provides any other form of credit to a UAE or foreign group company for consideration (e.g. interest) will be considered engaged in a Lease-Finance Business.
A Licensees that undertakes a Relevant Activity (irrespective of whether the Licensee qualifies for an exemption under the Regulations or has earned income from the Relevant Activity during the relevant financial period) need to submit a simple notification with its Regulatory Authority. Notifications for the financial period 2019 can be filed on or after 1 January 2020.
Only Licensees that earn income from a Relevant Activity during the relevant financial period and that are not exempt from the Regulations are required to demonstrate economic substance in the UAE and file an economic substance return. Economic substance returns must be filed within 12 months from the end of the relevant financial period.
Failure to Notify: AED 10k to 50k Failure to provide accurate or complete information:
Ministry of Economy
We have a team of in-house ESR Experts who can assist you with your ESR Assessment & Filing and help you stay compliant with the Regulations.