By: Elowen Gray
ARES Accounting is a Dubai-based accounting and tax advisory firm. The company was founded in 2017 and offers financial and compliance services to businesses operating within the regulatory measures of the UAE.
The company is based in Jumeirah Lakes Towers (JLT). It provides services to local and global customers, including bookkeeping, account preparation, taxation, and payroll management. The company is also recognized for collaborating with French-speaking companies that are operating in the UAE market.
In 2017, ARES Accounting was established as a legal consulting organization. The firm was formed as a subsidiary, but later it became an independent accounting and finance organization. Its creation reflects the growing demand for specialized accounting services in Dubai, as companies have increasingly needed professional help to navigate compliance, financial reporting, and tax requirements.
Since its inception, the company has served a range of businesses, from startups to established companies across different industries. Its services are aimed at serving the administrative and regulatory requirements of firms operating in the UAE.
ARES Accounting has its headquarters in Office No. 1904, Cluster C, Goldcrest Executive Tower, Goldcrest Dubai Office No. 1904, Jumeirah Lakes Tower, Dubai. JLT is a large business area with numerous corporate offices, consultancies, and professional services. The region is also characterized by its concentration of foreign firms and is the business hub for organizations operating in Dubai and the wider Gulf region.
The firm’s location in JLT places it in one of the most strategic areas of Dubai’s professional services environment, facilitating access to a wide variety of businesses. ARES Accounting offers various accounting, compliance, and advisory services to firms in the UAE.
The company provides accounting and bookkeeping services to help organizations maintain accurate financial statements. Businesses in the UAE must maintain organized records of the transactions, revenues, and expenditures. Bookkeeping services usually involve recording financial activity, reconciling accounts, and preparing monthly reports, both internal and regulatory.
The UAE requires many companies to undergo annual audits depending on their legal structure, licensing authority, or free zone regulations. ARES Accounting helps businesses to be ready to do audits with the help of organizing financial statements, proper documentation, and coordinating with external auditors.
The introduction of Value Added Tax (VAT) in the UAE in 2018 has led to new tax compliance obligations for businesses that have met the registration requirements. VAT compliance is achieved through registration, correct invoicing, regular VAT return filing, and proper supporting records.
ARES Accounting offers services related to VAT, which can consist of aiding with registration, classifying transactions, preparing the returns, and ensuring that the companies comply with the specific regulations of VAT.
With the introduction of Corporate Income Tax (CIT) in the UAE, the scope of corporate taxation has been extended to many companies incorporated in the country. Corporate tax compliance can involve evaluating tax exposure, preparing filings, and aligning internal financial reporting with new regulatory requirements.
The other service avenue offered by the firm is payroll administration. Payroll management in the UAE involves processing salaries, maintaining employee compensation records, and complying with wage protection and labor-related financial regulations.
In addition to compliance-oriented accounting, ARES Accounting also offers advisory services focused on business performance monitoring. This involves adopting management systems like Key Performance Indicators (KPIs) and Objectives and Key Results (OKRs).
Businesses usually use these tools to gauge operational progress, monitor financial performance, and align strategic goals with measurable results. In this regard, advisory services can be especially helpful to expanding companies aiming to have a structured financial management.
ARES Accounting has clients across various business sectors; they can include start-ups in the early stages of development as well as companies already operating in the UAE. The company also favors foreign companies and international subsidiaries that are expected to adhere to the local financial regulations as they conduct cross-border business.
The company has specialized in serving French-speaking clients, including entrepreneurs and businesses in francophone regions, and has expanded its operations to Dubai. This specialization is also regulatory complex and language-related to foreign businesses.
ARES Accounting has about 15 staff members. It has a diverse group of accountants and finance professionals with national origins in France, Morocco, Algeria, Tunisia, India, and the Philippines.
The multinational team structure reflects Dubai’s diversity of professional services companies, which tend to leverage international expertise to serve the interests of a global business population.
Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute tax, financial, or professional advice. It should not be relied upon as a substitute for consultation with qualified tax professionals. Readers should seek professional guidance before making any business or financial decisions.
