We operate in Russia, the CIS, and internationally
Themis Law firm
ok@themis.su +79250919212
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Lawyer and Accountant in the UAE

Our partners are recognized experts in the field of law with extensive experience covering a wide range of legal matters. With their deep understanding of international law and years of practice, clients receive reliable solutions even in the most complex situations, whether they are individuals or corporate entities.

Under the guidance of our partner companies, effective approaches have been developed for providing legal and accounting services in Dubai. These services include business registration, contract drafting, tax planning, and accounting in compliance with local requirements. High professionalism and a personalized approach make collaboration with our partners a reliable choice for successful operations in the UAE.

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Oksana Alexandrovna Karpacheva

Expert in International Law

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Accounting and Legal Services for Russian Family Offices and Companies in Dubai

Our services in the UAE are designed to support Russian-speaking clients in managing finances and legal matters related to their business or family assets. We provide a comprehensive approach, covering accounting, tax obligations, and interactions with banks and regulators.

Basic Accounting Services

Accounting Management
Comprehensive accounting support for the company, including document control, accurate expense allocation, and report preparation.

Tax Declaration Preparation and Submission
Quarterly or annual preparation of tax returns in compliance with local legislation.

Management Reporting (Annually)
Preparation of reports for internal control and business performance analysis.

Audit Report
Evaluation of the company’s financial activities and compliance with standards.

VAT Calculation and Declarations
Preparation and submission of VAT reports for registered companies, including interaction with tax authorities.

Fixed Assets Accounting
Management and accounting of the company’s assets, including depreciation and data updates.

Additional Services

Non-Standard Tasks
Resolution of specific issues related to banks, regulators, or other institutions.
Cost: $50/hour.

Tax Registration (TRN)
Registration of the company with UAE tax authorities to fulfill VAT obligations.

Bank Relations
Opening and servicing corporate accounts, liaising with banks to resolve any issues.

Tax Advisory
Consultation on taxation in the UAE, assistance in minimizing tax risks.

Full-Cycle Legal Support
Assisting the company at all stages of legal processes, including preparation and review of documents, contracts, and registration of changes in the corporate structure.
Representation of the client’s interests before government authorities and third parties.

We offer a professional and personalized approach for each client, ensuring compliance with UAE legislation and high-quality services. Contact us to ensure your business in Dubai operates seamlessly.

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Prospects for Russian Business in Dubai

Dubai, one of the world’s leading financial and business hubs, attracts Russian entrepreneurs with its favorable business environment, advanced infrastructure, and tax advantages. In 2024, the UAE remains a key destination for business development and scaling, especially for Russian companies. In this article, we will explore why Russian entrepreneurs should consider the UAE, the advantages it offers, and how legal and accounting services, including outsourcing, can support a successful start.

Advantages of Doing Business in the UAE for Russians

  1. Favorable Tax Conditions
    • Corporate tax in the UAE is only 9% for annual income exceeding $375,000.
    • No tax on dividends, capital gains, or personal income.
    • Companies can be registered in free zones, where no taxes are levied at all.
  2. Developed Infrastructure
    • Dubai offers access to modern office spaces, technological platforms, and logistics services.
    • Its strategic geographical location makes the city ideal for international trade.
  3. Full Business Ownership
    • Since 2021, foreign investors can fully own 100% of a company without the need for a local sponsor, which is especially important for independent entrepreneurs.

The Role of Legal Services in Business Operations in the UAE

Legal Support for Russian Businesses in the UAE Legal assistance is crucial at every stage of establishing and developing a business:
  • Company Registration
    • Choosing the appropriate legal structure (LLC, branch, free zone office).
    • Preparation of incorporation documents.
  • Contract Drafting and Agreements
    • Reviewing and adapting contracts in accordance with UAE law.
  • Business Licensing
    • Assistance in obtaining the necessary licenses based on the type of business.
  • Dispute Resolution
    • Representing the company’s interests in courts or arbitration.

Accounting Services and Their Importance

Accounting Support in Dubai: Professional Assistance for Businesses The complex accounting system and regular reporting requirements in the UAE demand precision and professionalism. The key tasks performed by accountants include:
  • Accounting Management
    • Bookkeeping and financial reporting.
  • Tax Declaration Preparation, including VAT
    • Filing accurate tax returns.
  • Annual Reporting
    • Preparing annual financial statements.
Accounting services can be outsourced, reducing costs and allowing businesses to focus on growth.

Outsourcing: An Effective Business Solution

Outsourcing in Dubai is becoming increasingly popular among Russian entrepreneurs due to the following advantages:
  • Reduced Staffing Costs
    • Outsourcing reduces payroll and other personnel-related expenses.
  • Access to Qualified Specialists
    • Expert accountants and legal professionals are readily available.
  • Minimized Reporting Errors
    • With outsourced services, the risk of errors in financial reporting is significantly reduced.

Comparing In-house and Outsourced Services

Parameter In-house Accountant Outsourcing
Costs High (salary, taxes) Cost-effective
Specialist Qualifications Limited High level of expertise
Flexibility Medium Maximum flexibility

Key Considerations for Doing Business in the UAE

  1. Cultural Nuances
    • Respecting local traditions and business etiquette is crucial.
    • Choosing the right partner or consultant is essential to avoid legal risks.
  2. Regulatory Requirements
    • Mandatory registration with tax authorities for VAT-registered companies.
    • Maintaining detailed records for audits by government bodies.

Conclusion

The UAE offers immense opportunities for the growth of Russian businesses. With low taxes, developed infrastructure, and a favorable legal environment, Dubai has become a magnet for entrepreneurs worldwide. However, for a successful start, it is important to seek the support of professionals. A legal expert in the UAE will provide essential legal guidance, and an accountant will help organize accurate financial management and reporting. Outsourcing accounting services will optimize costs and simplify business operations, allowing you to focus on strategic goals. Consult with experts to ensure your business succeeds in one of the most promising business hubs in the world.

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