- BUSINESSES ON TRACK
Services We're Offering
UAE Related Services
- Simplifying your accounting needs
book keeping and accounting
With extensive experience and expertise, the team at GBCA makes sure that as an accounts outsourcing firm, the financial transactions of the organisation are accurately recorded and kept up-to-date, allowing key decision makers to rely on management reports. By leveraging our services, we can help reduce your administrative burden, finance staff costs, improve the efficiency of the entire process and lay down a strong foundation for your organisation, allowing you the time and resources to focus on growing and developing the business.
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Accounting Support
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Our experienced team in the UAE is supported by our back office in India where we can undertake a high volume of data entry or transaction processing of any kind with high accuracy.
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Transaction system setup & training
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Our team will assist in setting up proper accounting systems and process flow as per your specific business requirements. We will also provide training to your team on the best practices of accounting, ensuring hassle free day to day operations and also smooth transition in case of change of key personnel.
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Accounts receivable and payable outsourcing
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- Understanding the business process and internal controls
- Creation of invoices, file management (digital /hardcopy) and invoice processing (validation and approval)
- Timely follow-up /timely payment
- Periodical Status Report to the Management
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Accounts review and reconciliation services
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We provide an independent review of the accounts prepared by you and recommend suggestions to improve the reliability of financial information and internal control process. This may include cash/bank reconciliation, inventory reconciliation, receivables and payables reconciliation etc.
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VAT advisory
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As your advisor, we assess the financial impact of VAT on the transactions undertaken by you or proposed to be undertaken by you and provide you with insight along with solution customised to your requirements in compliance with law.
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VAT Awareness and Training Session to Employees
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This mainly includes:
- Training your team with basic and general provisions of the VAT law
- Industry-specific impact analysis and training
- Addressing your team's routine queries in relation to impact of the law, tax accounting, documentation and processes.
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VAT Registration/Deregistration
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We assist in the process of obtaining registration i.e. TRN with the FTA and the process of deregistration
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VAT Compliance Support
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A taxable person is responsible to submit VAT return in the UAE in the prescribed format given by the FTA. We extend our support to organisations in the UAE for filing the VAT Return and other compliance requirements such as account update with the FTA, assistance in applying for refund etc.
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VAT Audit/Health check-up
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Health Checks are a comprehensive review of the organisation’s VAT readiness and compliance procedures. Based on our health check-up reports, the organisation will be better equipped to mitigate any deficiencies, improve efficiencies in compliance, review and validate their VAT treatments to various business transactions, while also ensuring the accuracy of the information reported to the FTA.
- Your trusted VAT consultants
UAE VAT
We offer comprehensive VAT solutions to ensure hassle free and smooth functioning of your business operations. We also assist in evaluation of the financial impact of VAT on business transactions and corrective measures for impact mitigation and tax leakages. We support organisations in tax compliances, refund processing and streamlining accounting systems and databases in compliance with the law.
- Your trusted VAT consultants
UAE VAT
We offer comprehensive VAT solutions to ensure hassle free and smooth functioning of your business operations. We also assist in evaluation of the financial impact of VAT on business transactions and corrective measures for impact mitigation and tax leakages. We support organisations in tax compliances, refund processing and streamlining accounting systems and databases in compliance with the law.
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VAT advisory
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As your advisor, we assess the financial impact of VAT on the transactions undertaken by you or proposed to be undertaken by you and provide you with insight along with solution customised to your requirements in compliance with law.
-
VAT Awareness and Training Session to Employees
-
This mainly includes:
- Training your team with basic and general provisions of the VAT law
- Industry-specific impact analysis and training
- Addressing your team's routine queries in relation to impact of the law, tax accounting, documentation and processes.
-
VAT Registration/Deregistration
-
We assist in the process of obtaining registration i.e. TRN with the FTA and the process of deregistration
-
VAT Compliance Support
-
A taxable person is responsible to submit VAT return in the UAE in the prescribed format given by the FTA. We extend our support to organisations in the UAE for filing the VAT Return and other compliance requirements such as account update with the FTA, assistance in applying for refund etc.
-
VAT Audit/Health check-up
-
Health Checks are a comprehensive review of the organisation’s VAT readiness and compliance procedures. Based on our health check-up reports, the organisation will be better equipped to mitigate any deficiencies, improve efficiencies in compliance, review and validate their VAT treatments to various business transactions, while also ensuring the accuracy of the information reported to the FTA.
- Your effortless beginning in a new country
Business Setup services
We provide hassle free and affordable company setup solutions for new organisations. There is a lot of debate about which is better to start, between the free zones and the mainland. It depends on the type of business you are planning to start in the UAE. Based on your requirement, we provide strategic business inputs to ensure a smooth incorporation process.
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Mainland incorporation
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Mainland is a highly preferred destination where you can start your own business venture. Both, the business opportunities and facilities make it an ideal destination to open an organisation.
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FTZ incorporation
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A free trade zone is an area with special tax-free status and low trade barriers where goods can be manufactured, imported/exported, handled, or reconfigured with tax benefits. The UAE government has set up multiple free zones in the Emirates, each designed for specific business activity.
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Internal Financial Control
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Internal Financial Controls consist of policies and procedures to be adopted by the organisation for a strong control environment to ensure:
- Orderly and efficient conduct of business, including adherence to organisation's policies
- Safeguarding of its assets
- Prevention and detection of frauds and errors
- Accuracy and completeness of the accounting records
- Timely preparation of reliable financial information
Performed by our team of professionals, we help to build and develop process and controls by conducting an extensive review of the internal financial processes and controls, operating effectiveness of such controls and control framework that will help meet your goals. We provide the following range of advisory services:
- Documentation of the financial processes throughout the organisation
- Identification of significant risks and controls for all key financial process areas and designing the Risk and Control Matrix (RCM)
- Assessment of gaps in internal financial controls and identification of alternatives to remediate such control gaps
- Testing the design and operating effectiveness for all identified key financial controls, identifying control deficiencies and suggesting remediation plans
- Training your team on internal financial controls
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IFRS advisory
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International Financial Reporting Standards (IFRS) plays a pivotal role in global financial reporting as countries across the globe are adopting them. The increasing complexity of financial reporting and the rapid pace of change has led to significant increase in demand for expert accounting advice. Our service offering includes:
- Impact analysis and technical advisory
- Implementation services of new accounting pronouncements
- Training your team on basic and general provisions of IFRS
- Preparation of accounting manual and policies
- Preparation of financial statements
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Customised MIS Reports
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Management Information System (MIS) Reporting provides business critical information to the management and business owners which aid in complex decision making.
- Customized reports to the management relating to profitability analysis, trend analysis, ratio analysis etc.
- Preparation of financial statements such as balance sheet, profit and loss account, cash flow statement etc. for reporting to various stakeholders.
- Assisting to build a foundation for a solid success story
Business Support services
The complexity of the ever changing regulatory environment makes it imperative for you to invest in analysis of various business support services.
- Assisting to build a foundation for a solid success story
Business Support services
The complexity of the ever changing regulatory environment makes it imperative for you to invest in analysis of various business support services.
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Internal Financial Control
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Internal Financial Controls consist of policies and procedures to be adopted by the organisation for a strong control environment to ensure:
- Orderly and efficient conduct of business, including adherence to organisation's policies
- Safeguarding of its assets
- Prevention and detection of frauds and errors
- Accuracy and completeness of the accounting records
- Timely preparation of reliable financial information
Performed by our team of professionals, we help to build and develop process and controls by conducting an extensive review of the internal financial processes and controls, operating effectiveness of such controls and control framework that will help meet your goals. We provide the following range of advisory services:
- Documentation of the financial processes throughout the organisation
- Identification of significant risks and controls for all key financial process areas and designing the Risk and Control Matrix (RCM)
- Assessment of gaps in internal financial controls and identification of alternatives to remediate such control gaps
- Testing the design and operating effectiveness for all identified key financial controls, identifying control deficiencies and suggesting remediation plans
- Training your team on internal financial controls
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IFRS advisory
-
International Financial Reporting Standards (IFRS) plays a pivotal role in global financial reporting as countries across the globe are adopting them. The increasing complexity of financial reporting and the rapid pace of change has led to significant increase in demand for expert accounting advice. Our service offering includes:
- Impact analysis and technical advisory
- Implementation services of new accounting pronouncements
- Training your team on basic and general provisions of IFRS
- Preparation of accounting manual and policies
- Preparation of financial statements
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Customised MIS Reports
-
Management Information System (MIS) Reporting provides business critical information to the management and business owners which aid in complex decision making.
- Customized Reports to the Management relating to Profitability analysis, Trend Analysis, Ratio Analysis etc.
- Preparation of Financial Statements such as Balance, Profit and loss account, Cash flow statement etc. for reporting to various stakeholders.
India Related Services
- One stop solution for Non-Resident Indians
Indian tax and FEMA Compliance & advisory
As the needs of a family mature across wealth and governance, families increasingly seek more than just regular compliance services. We use state-of-the-art technology platforms, infrastructure, peer networks and the expertise to build holistic and innovative solutions for your family to compare your actual financial affairs with your desired financial plans and to serve as a one stop solution for all your tax and regulatory requirements.
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Indian Tax and FEMA compliance & Advisory
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We offer complete compliance and advisory services ensuring timely compliance with Income tax and FEMA regulations including following range of services:
- FEMA advisory and support services in relation to acquisition & transfer of Indian asset and remittance of funds from India.
- Advisory and certification for withholding tax for payments to Non-resident Indians
- Advisory and application for lower/nil tax deduction certificate from Indian tax authorities to reduce blockage of funds as tax refunds.
- Tax advisory, income tax return, representation and allied services.
- Entry strategy and compliance for business venture in India
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Accounting and Wealth Reporting
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Our platform helps to consolidate your entire balance sheet across multiple asset classes. This will help you evaluate your net wealth and hold all advisors accountable for achieving their respective investment targets and also maintain a strong focus on overall risk management. We offer proactive solutions focusing on your specific requirement.
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Estate and succession planning
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Estate planning is a sensitive and often overlooked subject. Distribution of wealth and how the wealth should be made available to the successors is an important process. Your unique wishes on succession can be addressed through a well thought out combination of gifting of assets, drafting wills, formation of private trusts, family arrangements etc. We are committed to assisting you to crafting a personalised succession plan for an enduring legacy in the most tax efficient manner.
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Liaison services in India
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Our liaison services have evolved over time to being an innovative and strategic function. We provide support for all kinds of coordination services as per your needs such as connect with brokers and intermediaries, investment advisors and wealth professionals and other financial institutions and banks in India. Our focus is to save your time so you may concentrate on your business. We also assist in document maintenance and digitalization for easy and convenient retrieval, whenever required.