Professional Oil & Gas Accounting Outsourcing Services in Dubai, UAE

Our professional accounting services in Dubai are structured to ensure full compliance with UAE oil and gas regulations, supporting both operational accuracy and financial transparency:

• Revenue Recognition with IFRS 15 chart of accounts for oil and gas operations
• Joint Venture Accounting, periodic return filing, and record matching (FTA portal integration)
• Depletion and Depreciation computation and filing based on UAE tax laws
• Monthly financial statements, trial balances, and management reports
• Cash Flow Reconciliation and working capital management

VAT and Tax Services

These consultancy services help businesses maintain regulatory alignment while protecting against tax penalties and compliance risks:

• UAE VAT Registration with VAT return setup via FTA-linked systems
• Economic Substance Regulation (ESR) registration for designated oil and gas entities
• Ultimate Beneficial Ownership (UBO) review for red flags and suspicious transaction reporting in line with AML regulations

Audit and Compliance Support

Our accounting firm in Dubai offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses for regulatory audits:

• Reconstruction of missing or delayed accounting records
• Support for late VAT registration and voluntary disclosures
• Documentation compilation for FTA audit queries and internal audit reviews
• Creating and maintaining financial records for previous periods

All businesses in Dubai must maintain compliant accounting records, regardless of size or legal structure. As per the UAE Commercial Companies Law (Federal Law No. 32 of 2021), records must reflect a true and fair view of financial performance. Services such as structured accounting outsourcing, VAT filing, and financial statement preparation ensure businesses meet these legal obligations consistently and accurately.

Applicable Laws & Resolutions

UAE oil and gas accounting must comply with federal laws, administrative penalties, and FTA rules on tax compliance and recordkeeping:

• UAE Commercial Companies Law (Federal Decree-Law No. 32 of 2021)
• Cabinet Decision No. 31 of 2017 (VAT Executive Regulation)
• FTA recordkeeping and tax compliance guidelines
• UAE Central Bank regulations for financial reporting

Risk & Penalty Mitigation

Oncount helps reduce fines through timely filings, compliance checks, and accurate financial reporting:

• Failure to maintain proper records may trigger fines of AED 10,000 to AED 50,000 under FTA penalties
• Misclassification under free zone exemptions may invalidate tax benefits
• Our tools include audit readiness checklists, record backup protocols, and deadline monitoring to ensure penalty avoidance

Oncount is a Dubai-based accounting and advisory services firm specializing in end-to-end UAE compliance. With a focus on UAE corporate regulation, our services are built to align with both FTA mandates and international accounting standards. We support both mainland and free zone businesses by integrating local regulatory awareness with international accounting rigor.

8+ Years of Local Experience, 320+ Clients Served

Established in 2016, Oncount has served over 320 companies in the UAE, ranging from startups to multinational subsidiaries:

• Services delivered in English, Arabic, and Russian to support Dubai’s multilingual business community
• Full adherence to FTA guidelines, UAE Cabinet Decisions, and IFRS reporting practices
• Jurisdiction-specific expertise across DIFC, ADGM and free zone licensing authorities

Clarity Over Routine: Professional CFO Services and Consultants in Dubai

Oncount prioritizes transparency, communication, and actionable insights over passive data entry. Each client is assigned a dedicated accounting manager with a defined escalation structure. Reports are delivered in investor-ready formats, supporting strategic planning and regulatory readiness. Our comprehensive services include:

• Full accounting and bookkeeping services and maintenance of financial records
• VAT filing and tax compliance
• Internal audit services and advisory services
• ESR compliance and entity management
• AML compliance and regulatory reporting
• Financial statements and complex financial analysis
• Structured monthly workflows with cutoff dates and SLA-based delivery
• Communication via Zoom, WhatsApp, and secure email
• Custom reporting templates for board meetings, lender reviews, and audit submissions

When you handle your accounting activities through outsourcing accounting services to professional accounting firms in Dubai like Oncount, you gain:

• Time to focus on core business growth initiatives
• Cost savings compared to in-house accounting teams
• Professional accounting services and strategic operational guidance
• Accurate and compliant accounting aligned with UAE requirements
• Reduced risk of regulatory penalties
• Up-to-date financial insights for better decision-making

The benefits of outsourcing accounting services extend beyond cost reduction. Our team of experts provides comprehensive support that helps businesses stay ahead of regulatory changes while ensuring regulatory compliance. This approach gives you peace of mind knowing that your financial and accounting matters are handled by leading accounting professionals who understand the Dubai market and UAE compliance requirements.

If your company requires accurate, legally compliant, and fully customized oil and gas accounting services in Dubai, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in Dubai and across Dubai and the UAE.