Our Services UAE — Audit Tax Advisory Accounting Abdelhamid & Co CPA

Our Services — UAE Audit, Tax, Advisory & Accounting | Abdelhamid & Co CPA

Quick answer: Abdelhamid & Co Certified Public Accountants & Auditors LLC is a UAE-licensed professional services firm offering external and internal audit, forensic audit, advisory (business valuation, company liquidation, M&A due diligence), Corporate Tax compliance under Federal Decree-Law No. 47 of 2022, VAT and Excise Tax services under Federal Decree-Law No. 8 of 2017 and Federal Decree-Law No. 7 of 2017, accounting and financial statement preparation under IFRS, and registered Tax Agent services (TAN: 30003958). Every engagement is governed by UAE law, international professional standards (ISA, IFRS, ISRS 4410, IVS 2022), and the IESBA Code of Ethics — with every deliverable signed by a Ministry of Economy-licensed auditor (LC0106-01 | Registry No. 956).

Abdelhamid & Co Certified Public Accountants & Auditors LLC is fully authorised to practice as a licensed auditor and Tax Agent in the UAE: Ministry of Economy Licence LC0106-01 | Licensed Auditor Registry No. 956 | FTA Tax Agent TAN: 30003958 | Tax Agency TAAN: 20033908 | Emirates Accountants and Auditors Association (EAAA) Fellow No. 124 | International Arab Society of Certified Accountants (IASCA) Fellow No. 1361 | over 25 years of professional experience in UAE audit, tax, advisory, and accounting. We serve clients across mainland UAE, DIFC, ADGM, and forty-plus UAE free zones — from SMEs and family-owned businesses to multinational subsidiaries and listed entities. Learn more about the firm.

Overview — Professional Services for UAE Businesses

The UAE's regulatory landscape has undergone a fundamental transformation over the past decade: Corporate Tax at 9% (FDL 47/2022, effective June 2023), Transfer Pricing documentation obligations (MD 97/2023), mandatory audits for entities with revenue above AED 50 million or Qualifying Free Zone Person status (MD 82/2023), a modernised Commercial Companies Law (FDL 32/2021), updated VAT penalties (CD 129/2025), an Insolvency Law (FDL 19/2019), and an updated Competition Law (FDL 36/2023) — among others. Navigating this framework requires professionals who understand every layer: the legislation, the FTA's administrative practice, the applicable accounting standards, and the evidentiary standards of UAE courts.

Abdelhamid & Co offers the complete range of professional services that a UAE business needs — audit, tax, advisory, and accounting — under one roof. Our multi-disciplinary team holds CPA, CMA, and ACCA credentials and is licensed and registered with every relevant UAE regulatory authority, including the Ministry of Economy, the Federal Tax Authority, and the Emirates Accountants and Auditors Association.

All services are delivered from our Sharjah office (Al Qasimia — Omran Tower — Office 302) with on-site client visits across the UAE. For DIFC and ADGM engagements, we follow the applicable court procedure and regulatory rules of those jurisdictions. For Arabic-speaking clients, all services are available in Arabic; for international clients, bilingual reporting is standard.

Legal & Regulatory Framework — UAE Professional Services

  • Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses — Corporate Tax at 9% on taxable income above AED 375,000; Art. 20: IFRS/IFRS for SMEs basis for taxable income; Art. 34: arm's-length requirement for related-party transactions; Arts. 44–47: qualifying group transfer relief; Art. 54–55: financial statement preparation and 7-year record retention; Arts. 28–36: deductibility rules and Transfer Pricing.
  • Ministerial Decision No. 97 of 2023 on Transfer Pricing — most-appropriate-method rule for TP; Local File mandatory above AED 4 million per category; Master File above AED 40 million total related-party transactions; Disclosure Form with CT return.
  • Ministerial Decision No. 82 of 2023 on Audited Financial Statements — mandatory statutory audit for entities with annual revenue above AED 50 million and for Qualifying Free Zone Persons under FDL 47/2022.
  • Cabinet Decision No. 75 of 2023 — IFRS for SMEs permissible for entities below the AED 50 million revenue threshold; confirms financial statement preparation requirements for Corporate Tax return filing.
  • Federal Decree-Law No. 8 of 2017 on Value Added Tax — 5% standard rate; zero-rating (Art. 45); exemptions (Art. 46); 5-year record retention (Art. 78, 15 years for real estate); Tax Invoice requirements (CD 52/2017 Arts. 59–60); input tax recovery rules.
  • Federal Decree-Law No. 7 of 2017 on Excise Tax and Cabinet Decision No. 52 of 2019 — 100% rate on tobacco, energy drinks, electronic smoking devices; 50% on carbonated and sweetened beverages; Designated Zone rules; stockpiler obligations.
  • Federal Decree-Law No. 28 of 2022 on Tax Procedures — Art. 10: Tax Agent authorisation; Art. 27: Reconsideration requests (40 business days); Art. 28: Tax Disputes Resolution Committee (TDRC); Art. 29: Federal Court appeal; Art. 72: 5-year statute of limitations (15 years for fraud); Art. 10(1)–(3): Voluntary Disclosure obligations.
  • Cabinet Decision No. 129 of 2025 on Administrative Penalties — updated penalty regime: AED 1,000 / AED 2,000 late VAT return filing; 30% surcharge on unpaid tax; 2% / 4% monthly late-payment surcharge; TP penalties up to 300% of understated tax.
  • Federal Decree-Law No. 32 of 2021 on Commercial Companies — Art. 26: accounting records obligation; Arts. 78–80: LLC annual financial statement obligations; Art. 168: minority squeeze-out; Arts. 281–296: merger procedure; Arts. 302–317: voluntary liquidation; Art. 237: director liability.
  • International Standards on Auditing (ISA) — ISA 200–720 series: mandatory for all statutory audit engagements performed by UAE-licensed auditors; ISA 570 (Going Concern), ISA 240 (Fraud), ISA 315 (Risk Assessment), ISA 700–720 (Audit Reporting).
  • ISRS 4410 (Revised) — Compilation Engagements — applicable standard for financial statement compilation by the firm; no assurance expressed; management's responsibility confirmed; UAE CT and regulatory compliance reviewed as part of the compilation process.
  • IFRS / IFRS for SMEs — mandatory accounting framework for Corporate Tax purposes under FDL 47/2022 Art. 20; full IFRS suite includes IFRS 3 (Business Combinations), IFRS 9 (Financial Instruments / ECL), IFRS 15 (Revenue), IFRS 16 (Leases), IAS 12 (Income Taxes), IAS 19 (Employee Benefits / Gratuity), IAS 21 (Foreign Exchange), IAS 36 (Impairment), IAS 37 (Provisions), IAS 38 (Intangibles).

Key Facts — UAE Regulatory & Compliance Numbers

  • Corporate Tax rate: 9% on taxable income above AED 375,000 | 0% on income up to AED 375,000 | 0% for QFZPs on qualifying income (FDL 47/2022)
  • Audit mandatory: Annual revenue >AED 50 million OR Qualifying Free Zone Person — mandatory statutory audit under MD 82/2023
  • TP Local File threshold: AED 4 million per related-party category | Master File: AED 40 million total — under MD 97/2023
  • VAT rate: 5% standard | 0% zero-rated | Exempt for specific financial, residential, and local-passenger-transport supplies
  • Excise Tax: 100% tobacco / energy drinks / e-cigarettes | 50% carbonated / sweetened beverages (CD 52/2019)
  • Reconsideration deadline: 40 business days from FTA decision (FDL 28/2022 Art. 27)
  • TDRC 50% deposit: Required on disputed amount before TDRC appeal under FDL 28/2022 Art. 28 (waivable for financial hardship)
  • Voluntary Disclosure threshold: Mandatory if error >AED 10,000 — Art. 10(1), FDL 28/2022
  • Record retention — CT: 7 years (Art. 55, FDL 47/2022) | VAT: 5 years (Art. 78, FDL 8/2017; 15 years for real estate)
  • Late VAT return penalty: AED 1,000 first offence / AED 2,000 repeat | 30% surcharge on unpaid tax (CD 129/2025)
  • Firm credentials: Ministry of Economy LC0106-01 | Licensed Auditor No. 956 | FTA TAN: 30003958 | TAAN: 20033908 | EAAA Fellow No. 124 | IASCA Fellow No. 1361 | 25+ years UAE experience

Our Professional Services

1. Audit & Assurance Services

We provide external statutory audit, internal audit, and specialist assurance engagements — including forensic audit, data analytics using Computer-Assisted Audit Techniques (CAATs), and agreed-upon procedures. All statutory audits are conducted under the International Standards on Auditing (ISA) and signed by a Ministry of Economy-licensed auditor (Registry No. 956). Audit is mandatory for entities with revenue above AED 50 million and for Qualifying Free Zone Persons under MD 82/2023. Learn more about our Audit & Assurance Services.

2. Advisory Services

Our advisory practice delivers IFRS 13-compliant business valuations, company liquidation management under FDL 32/2021 Arts. 302–317, M&A financial due diligence and transaction advisory, economic substance compliance under CD 57/2022, feasibility studies, and corporate restructuring under FDL 19/2019. All deliverables are signed by a UAE-licensed auditor and accepted by UAE courts, DIFC, ADGM, commercial banks, and the FTA. Learn more about our Advisory Services.

3. Accounting Services

Fully outsourced accounting, bookkeeping, IFRS financial statement preparation, management accounts, payroll and WPS compliance, and Corporate Tax accounting under FDL 47/2022. We serve SMEs, free zone entities, holding companies, and professional services firms — delivering IFRS-compliant records that form the basis of the Corporate Tax return and satisfy all UAE regulatory obligations including FDL 32/2021 Arts. 26 and 78–80. Learn more about our Accounting Services.

4. Corporate Tax Services

End-to-end Corporate Tax compliance and advisory: CT registration and de-registration, taxable-income computation (starting from IFRS accounting profit under FDL 47/2022 Art. 20), CT return preparation and filing, Transfer Pricing documentation (MD 97/2023), Qualifying Free Zone Person eligibility analysis, Small Business Relief elections (CD 73/2023), corporate restructuring relief (Arts. 44–47), and CT compliance review. As FTA-registered Tax Agents (TAN: 30003958), we file directly on behalf of clients and represent them in CT audits. Learn more about our Corporate Tax Services.

5. VAT & Excise Tax Services

Comprehensive VAT and Excise Tax compliance: VAT registration and de-registration, VAT return preparation and filing, Excise Tax return filing, VAT compliance review, voluntary disclosure under FDL 28/2022 Art. 10, reconsideration and TDRC appeals under Arts. 27–28, and VAT refund for UAE nationals building new residences under FDL 8/2017 Art. 67(1)(d) and CD 26/2018. Penalties under CD 129/2025 — including the 30% surcharge on unpaid tax — make proactive VAT compliance essential. Learn more about our VAT & Excise Tax Services.

6. Tax Agency & Tax Agent Services

As an FTA-registered Tax Agent (TAN: 30003958) and Tax Agency (TAAN: 20033908), we are authorised to represent UAE taxpayers before the Federal Tax Authority in all matters — filing returns on their behalf, corresponding with the FTA, responding to audit queries, preparing reconsideration requests under FDL 28/2022 Art. 27, and appearing before the Tax Disputes Resolution Committee (TDRC) under Art. 28. Learn more about our Tax Agency & Tax Agent Services.

Our Client Engagement Methodology

  1. Initial consultation & needs assessment: A free consultation to understand your business, legal structure (mainland LLC, free zone entity, DIFC/ADGM company, branch, holding company), activity, UAE regulatory status (CT registration, VAT registration, free zone authority requirements), and immediate compliance obligations — producing a prioritised action plan.
  2. Engagement scoping & proposal: A written engagement letter setting out the scope of services, applicable UAE legislation and professional standards, responsibilities of both parties, reporting timetable, and fixed or retainer-based fee — agreed before any work begins; no open-ended billing.
  3. Regulatory mapping & compliance calendar: We map every regulatory filing obligation for your business — CT return deadline, VAT return frequency (monthly or quarterly), ESR filing, annual audit, WPS payroll cycles, GPSSA reporting, free-zone licence renewal — and issue a 12-month compliance calendar so no deadline is missed.
  4. Service delivery & quality review: All deliverables — audit reports, tax returns, financial statements, valuation reports, TP documentation — pass through a two-level quality review (preparer and signing partner) before issue; all signed by a UAE Ministry of Economy-licensed auditor (LC0106-01, Registry No. 956).
  5. Client communication & ongoing support: Designated engagement manager for every client; proactive alerts for regulatory changes affecting your business (new FTA decisions, Cabinet Decisions, OECD updates, FTA public clarifications); annual compliance review meeting to update the engagement scope for the coming year.

When Do UAE Businesses Need a Licensed Professional Services Firm?

1. Corporate Tax Registration & First Return Filing

All UAE juridical persons and certain natural persons were required to register for Corporate Tax by prescribed deadlines under FDL 47/2022. The first CT return requires an IFRS-compliant financial statement, a taxable-income computation bridging from accounting profit, Transfer Pricing documentation for any related-party transactions above the thresholds, and accurate classification of income between qualifying and non-qualifying (for free zone entities). Engaging a licensed Tax Agent from the outset eliminates the risk of an incorrect return and the penalties that follow under CD 129/2025.

2. FTA Audit or Regulatory Investigation

The FTA has broad audit powers under FDL 28/2022 — it may audit any return within the 5-year limitation period (15 years for suspected fraud) and request any records, contracts, or supporting documents. A business under FTA audit needs a licensed Tax Agent to manage FTA correspondence, prepare technical responses, negotiate any proposed assessments, and — if the outcome is unfavourable — file a reconsideration request within 40 business days under Art. 27 and, if necessary, an TDRC appeal under Art. 28 with the 50% deposit or hardship waiver application.

3. M&A Transaction or Business Restructuring

UAE M&A transactions require financial due diligence, business valuation (IFRS 13 / MD 97/2023 TP compliance), structuring analysis (share deal vs. asset deal — CT and VAT consequences), merger notification analysis under FDL 36/2023, completion accounts, and — if above the audit threshold — audited financial statements. Business restructurings that change group ownership structure trigger CT qualifying-group analysis under FDL 47/2022 Arts. 40–47 and may require TP documentation of intra-group transfers.

4. Free Zone Entity — QFZP Status & Substance

Free zone entities seeking the 0% Qualifying Free Zone Person Corporate Tax rate must: maintain audited financial statements (MD 82/2023); derive qualifying income from qualifying activities (FDL 47/2022 Art. 18); have adequate substance in their free zone; and not have a domestic permanent establishment or non-qualifying income above the de minimis threshold. They must also satisfy the Economic Substance Test under CD 57/2022 if conducting a Relevant Activity, and have all related-party transactions at arm's length under MD 97/2023. Maintaining QFZP status requires coordinated audit, tax, and advisory support.

5. Company Liquidation or Shareholder Dispute

UAE company liquidation under FDL 32/2021 Arts. 302–317 requires a licensed liquidator, FTA clearance of all outstanding VAT and CT obligations, a 45-day public creditor notice, independent asset valuations, and final deregistration from MoE or the relevant free-zone authority. Shareholder disputes — buy-outs under deadlock clauses, minority squeeze-outs under Art. 168, or estate distributions — require court-accepted independent valuations and, often, forensic accounting of historical transactions. Early engagement with a licensed professional firm prevents procedural errors that add months and cost.

Common Compliance Errors by UAE Businesses

1. Missing the Corporate Tax Return Deadline

Under FDL 47/2022 and FDL 28/2022, the Corporate Tax return must be filed within 9 months of the end of the tax period. Businesses that fail to file face administrative penalties under CD 129/2025 and potential FTA audit scrutiny of all open periods. The most common reason for missing the deadline is not having IFRS-compliant financial statements ready in time — making proactive accounting and audit engagement essential from the start of each financial year.

2. Failing to Register for VAT at the Correct Time

UAE VAT registration is mandatory when taxable supplies and imports exceed AED 375,000 in the preceding 12 months or are expected to exceed AED 375,000 in the next 30 days (FDL 8/2017 Art. 17). Businesses that cross the threshold without registering accumulate unregistered VAT liability, face penalties for late registration under CD 129/2025, and cannot recover input tax incurred before the correct registration date. Voluntary registration is available at AED 187,500. Monitoring turnover against both thresholds is essential — particularly for businesses with rapid revenue growth.

3. Treating All Free Zone Income as 0% Without a QFZP Analysis

Many UAE free zone entities incorrectly assume that all their income qualifies for the 0% Corporate Tax rate simply because they are incorporated in a free zone. The Qualifying Free Zone Person conditions — qualifying income from qualifying activities, adequate substance, no domestic PE, de minimis non-qualifying income — are specific and require a detailed annual analysis against FDL 47/2022 Arts. 18–19 and the relevant Cabinet Decisions. An incorrect QFZP claim exposes the entity to the full 9% CT rate on all income, plus penalties.

4. Not Maintaining Transfer Pricing Documentation

Under MD 97/2023, businesses with related-party transactions exceeding AED 4 million per category must maintain a TP Local File documenting the arm's-length method and price; those with total related-party transactions exceeding AED 40 million must also prepare a Master File. Businesses that transact with related parties — management fees, IP licences, intercompany loans, cost-sharing arrangements — without contemporaneous TP documentation face FTA reassessment of the pricing plus penalties of up to 300% of understated tax under CD 129/2025.

5. Applying VAT Incorrectly to Mixed-Use Supplies

Many UAE businesses — particularly those in real estate, financial services, healthcare, and education — make both taxable and exempt supplies. Input tax on costs that relate directly to exempt supplies is not recoverable; input tax on costs that relate to both taxable and exempt supplies must be apportioned using the standard method or an approved special method under CD 52/2017 Arts. 40–48. Businesses that recover input tax on costs attributable to exempt supplies — or fail to apply apportionment — create a VAT liability that accumulates silently until an FTA audit triggers a reassessment with surcharges.

Why Choose Abdelhamid & Co for UAE Professional Services?

  • Ministry of Economy Licensed Auditor — LC0106-01 | Registry No. 956 — licensed to sign statutory audit reports, compilation engagement reports, valuation reports, and expert opinions accepted by UAE courts, MoE, free-zone authorities, and commercial banks.
  • FTA Tax Agent TAN: 30003958 | Tax Agency TAAN: 20033908 — authorised to file all UAE tax returns (CT, VAT, Excise) on behalf of clients, correspond with the FTA, and represent clients before the TDRC under tax.gov.ae.
  • EAAA Fellow No. 124 | IASCA Fellow No. 1361 — recognised professional standing within the UAE and Arab accounting and auditing community.
  • Over 25 years of professional experience in UAE audit, tax, advisory, and accounting — serving manufacturing, trading, real estate, hospitality, professional services, financial services, and technology sectors.
  • Full-spectrum services under one roof — audit, tax, advisory, and accounting delivered by a single coordinated team; no fragmentation between your auditor, tax adviser, and accountant.
  • Bilingual (Arabic & English) service — all services and reports available in Arabic and English; Arabic-language legal submissions and court documents prepared in-house.
  • Free initial consultation — we assess your regulatory position, identify compliance gaps, and provide a fixed-fee engagement proposal at no charge.

Frequently Asked Questions — UAE Professional Services

What professional services does a UAE business legally need?

The minimum statutory requirements depend on the entity's size, structure, and activity. All UAE companies must maintain accounting records and prepare financial statements under Federal Decree-Law No. 32 of 2021 (Arts. 26, 78–80) and Federal Decree-Law No. 47 of 2022 (Arts. 54–55). Entities with annual revenue above AED 50 million or Qualifying Free Zone Persons must have their financial statements audited under Ministerial Decision No. 82 of 2023. All taxable persons must register for Corporate Tax and file annual CT returns; VAT-registered businesses must file periodic VAT returns. Most businesses benefit from engaging a licensed accounting and tax firm to ensure full compliance across all obligations simultaneously.

Is a Tax Agent required to file UAE Corporate Tax returns?

It is not legally mandatory to appoint a Tax Agent — a taxable person may file their own Corporate Tax return through the FTA's EmaraTax portal. However, using a registered Tax Agent (TAN: 30003958) provides several practical advantages: the Tax Agent has direct FTA system access, is responsible for the technical accuracy of the return, can represent the client in FTA correspondence and audits, and provides professional-indemnity cover for the advice given. Given that the CT return requires an IFRS taxable-income computation, Transfer Pricing documentation, and deductibility analysis under FDL 47/2022 Arts. 20–36, most businesses find specialist Tax Agent support essential.

Does a UAE free zone company need to be audited?

Yes, if it is a Qualifying Free Zone Person (QFZP) seeking the 0% Corporate Tax rate — Ministerial Decision No. 82 of 2023 makes a statutory audit mandatory for all QFZPs, regardless of revenue. Free zone entities above AED 50 million in revenue must also be audited. Free zone entities below both thresholds may use compiled financial statements under ISRS 4410 (Revised) — but most free zone authorities require audited financials as a condition of annual licence renewal. In practice, almost all UAE free zone entities with active operations require an annual audit or compilation engagement.

What is the difference between a Tax Agent and a Tax Consultant in the UAE?

A Tax Agent is an individual or firm registered with the Federal Tax Authority under Federal Decree-Law No. 28 of 2022 Art. 10 — they are authorised to file tax returns, correspond with the FTA, and legally represent taxpayers in all FTA matters including audits, reconsiderations, and TDRC appeals. Abdelhamid & Co is a registered Tax Agent (TAN: 30003958) and Tax Agency (TAAN: 20033908). A "Tax Consultant" is an informal designation with no specific UAE regulatory meaning — such persons may not be registered with the FTA and cannot file returns or formally represent clients before the FTA. Always verify FTA registration before appointing any tax adviser.

How do UAE VAT and Corporate Tax interact for accounting purposes?

VAT and Corporate Tax operate on parallel tracks but share the same accounting records. For CT purposes, FDL 47/2022 Art. 20 bases taxable income on the IFRS accounting profit — meaning that VAT-inclusive accounting errors flow directly into the CT computation. Input VAT that is incorrectly recovered (and therefore must be repaid to the FTA) represents a non-deductible expense for CT if it relates to a disallowed expense under Art. 28. Output VAT collected on behalf of the FTA is not income. The CT return and VAT return must be reconciled to the same set of accounting records, making accurate, VAT-coded bookkeeping the foundation of both compliance obligations.

What happens if a UAE company misses a VAT return filing deadline?

Under Cabinet Decision No. 129 of 2025, late filing of a VAT return incurs an administrative penalty of AED 1,000 for the first offence and AED 2,000 for each subsequent late filing within 24 months. Any VAT that was due but unpaid at the filing deadline attracts a 30% late-payment surcharge plus a monthly surcharge of 2% on the unpaid amount for the first month and 4% per month thereafter. These penalties compound rapidly — a business that files late consistently over several quarters can accumulate penalties exceeding the original tax liability. The FTA's Voluntary Disclosure mechanism under FDL 28/2022 Art. 10 allows businesses to self-correct past errors with reduced penalties if filed before the FTA raises an assessment.

Does the UAE have Transfer Pricing rules and how do they apply?

Yes. Federal Decree-Law No. 47 of 2022 Arts. 34–36 require all transactions between Related Parties to be conducted at arm's length — i.e., as if the parties were independent entities dealing at fair market value. Ministerial Decision No. 97 of 2023 specifies the most-appropriate transfer-pricing methods (CUP, Resale Price, Cost-Plus, TNMM, Profit-Split, DCF) and the mandatory documentation: a TP Local File for related-party transactions exceeding AED 4 million per category and a Master File for entities with total related-party transactions exceeding AED 40 million. The FTA can impute arm's-length pricing for inadequately documented transactions and impose penalties up to 300% of understated tax under CD 129/2025.

How does Abdelhamid & Co serve clients across the UAE and free zones?

Our Sharjah office (Al Qasimia — Omran Tower — Office 302) is our primary practice base, with on-site client visits and engagement delivery across all seven UAE emirates. We serve clients incorporated in all major UAE free zones including DMCC, DIFC, ADGM, JAFZA, DAFZA, Ras Al Khaimah Economic Zone, Fujairah Free Zone, Sharjah Airport International Free Zone, and others. For DIFC and ADGM engagements, we follow the applicable court procedure and regulatory requirements specific to those jurisdictions. International clients with UAE subsidiaries receive bilingual English/Arabic reporting and can access all UAE regulatory submissions remotely through our EmaraTax and free-zone-authority authorisations.

Contact Our Professional Services Team

To engage Abdelhamid & Co for any professional service — audit, tax, advisory, or accounting — contact us today for a free initial consultation:

Abdelhamid & Co Certified Public Accountants & Auditors LLC — Ministry of Economy Licence LC0106-01 | Licensed Auditor Registry No. 956 | FTA Tax Agent TAN: 30003958 | Tax Agency TAAN: 20033908 | EAAA Fellow No. 124 | IASCA Fellow No. 1361

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About the Firm

Abdelhamid M. Abdelhamid — Partner & Managing Director
Ministry of Economy Licensed Auditor (LC0106-01, Registry No. 956) | FTA Tax Agent (TAN: 30003958) | Tax Agency (TAAN: 20033908) | EAAA Fellow No. 124 | IASCA Fellow No. 1361 | Over 25 years of UAE audit, tax, advisory, and accounting experience | FTA Registered Tax Agent | LinkedIn

Last reviewed: 28 April 2026 — updated to reflect Federal Decree-Law No. 47 of 2022 (Corporate Tax), Ministerial Decision No. 97 of 2023 (Transfer Pricing), Ministerial Decision No. 82 of 2023 (Audit Thresholds), Cabinet Decision No. 75 of 2023 (IFRS for SMEs), Federal Decree-Law No. 28 of 2022 (Tax Procedures), Federal Decree-Law No. 8 of 2017 (VAT), Federal Decree-Law No. 7 of 2017 (Excise Tax), Cabinet Decision No. 129 of 2025 (Administrative Penalties), and Federal Decree-Law No. 32 of 2021 (Commercial Companies).

Why Choose Abdelhamid & Co?

Abdelhamid & Co is one of the few UAE firms that combines Ministry of Economy licensed auditing, FTA Tax Agency, forensic investigations, and data analytics under a single practice. Every engagement is led by a partner with four professional credentials and over two decades of experience in the region.

  • Licensed by the UAE Ministry of Economy — Local Auditors Record No. LC0106-01, Working-Auditors Record No. 956
  • Licensed FTA Tax Agent — TAN: 30003958 | TAAN: 20033908
  • Partner: Abdelhamid M. Abdelhamid — UAECA, IACPA, EAAA Fellow (124), IASCA Fellow (1361), MOE Reg 956
  • Full-service firm: audit, forensic, data analytics, Corporate Tax, VAT, accounting, and advisory
  • International standards: ISA, ISRS 4410, IFRS, IFRS for SMEs
  • Up-to-date: Cabinet Decision No. 129 of 2025 (updated VAT administrative penalties, effective 1 March 2025)
  • Court-accepted reports: valuation, forensic, and expert witness reports accepted by UAE courts and the Ministry of Justice
  • Bilingual team — Arabic and English service delivery
  • Transparent, fixed-fee engagements — no hourly surprises

Frequently Asked Questions

What professional services does Abdelhamid & Co offer in the UAE?

Abdelhamid & Co provides over 20 professional services across seven practice areas: external and internal audit, forensic and legal auditing, data analytics using CAATs, UAE Corporate Tax compliance, VAT and Excise Tax advisory, IFRS accounting and bookkeeping, and business advisory including valuation. All services are delivered by a Ministry of Economy licensed firm (LC0106-01) and FTA-registered Tax Agent (TAN: 30003958). Browse the full service catalogue above for details on each offering.

Is Abdelhamid & Co licensed by the UAE Ministry of Economy?

Yes. Abdelhamid & Co. Certified Public Accountants & Auditors L L C SP holds Ministry of Economy licence LC0106-01 under the Local Auditors Record and Working-Auditors Record No. 956. This licence authorises the firm to perform statutory audits of financial statements in the UAE under the International Standards on Auditing (ISA). The firm is also registered with the Federal Tax Authority as a Tax Agent (TAN: 30003958, TAAN: 20033908).

Does Abdelhamid & Co handle UAE Corporate Tax registration and filing?

Yes. The firm provides end-to-end UAE Corporate Tax services under Federal Decree-Law No. 47 of 2022, including CT registration and de-registration via EmaraTax, CT return filing, compliance reviews, Small Business Relief elections, and Free Zone Qualifying Person (QFZP) assessments.

What VAT and Excise Tax services are available?

The firm offers seven VAT and Excise Tax services: Tax Agency representation before the FTA, registration and de-registration, return filing, return compliance review, voluntary disclosure, reconsideration requests and dispute resolution, and VAT refunds for UAE national residences. All VAT services are governed by Federal Decree-Law No. 8 of 2017 and the updated penalties under Cabinet Decision No. 129 of 2025.

Does the firm provide forensic audit and investigation services?

Yes. The forensic and legal auditing practice produces court-accepted financial evidence reports for commercial fraud, shareholder disputes, and tax disputes. Reports are prepared to the standards required by UAE courts, police, and public prosecution. The firm also provides expert witness testimony and litigation support for proceedings before the Tax Disputes Resolution Committee (TDRC) and federal courts.

What accounting and bookkeeping services are offered?

Abdelhamid & Co provides cloud accounting and bookkeeping using ERPNext (IFRS-compliant, UAE VAT-ready) and financial statements compilation under ISRS 4410. Cloud accounting includes real-time dashboards, automated bank reconciliation, and monthly management reports. All records are maintained for the 7-year retention period required under Federal Decree-Law No. 47 of 2022 (Corporate Tax).

How can I contact Abdelhamid & Co or request a quotation?

You can reach the firm by phone or WhatsApp at +971 50 794 8028, by direct line at +971 065 289 414, or through the contact form on this page. The office is located at Sharjah, Al Qasimia, Omran Tower, Office 302. All engagements are quoted on a transparent, fixed-fee basis — learn more about the firm.

Contact Us

📞 Phone / WhatsApp: +971 50 794 8028 | 📞 Direct: +971 065 289 414 | 🌐 Sharjah, Al Qasimia, Omran Tower, Office 302

Licensed by the UAE Ministry of Economy (LC0106-01) | FTA Tax Agent TAN: 30003958 | TAAN: 20033908 | UAECA | IACPA | EAAA Fellow (124) | IASCA Fellow (1361)

Learn About Our Firm & CredentialsRead Our Latest Insights & Guides

Abdelhamid M. Abdelhamid
Managing Partner — Abdelhamid & Co. Certified Public Accountants & Auditors L L C SP
UAECA · IACPA · EAAA Fellow (124) · IASCA Fellow (1361)
UAE Ministry of Economy — Local Auditors Record LC0106-01 · Working-Auditors Record No. 956
Federal Tax Authority — Tax Agent TAN: 30003958 · TAAN: 20033908

Last reviewed: April 2026. Content reflects UAE law at date of review.


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