Explore Top Accounting Companies in United Arab Emirates
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UAE IT Industry: Insights About Companies and General Profile
United Arab Emirates IT infrastructure has known colossal progress since 2010, and the country is expected to become one of the leading tech giants in the world by 2025. Only in 2019, the revenue of the IT companies based in UAE, and mainly in Dubai were estimated at around $6 bn, which is a growth of 12,5% compared to 2018.
The hourly rate and the average salary of a UAE based web developer reach $57/hour and respectively $1925/mo. This makes UAE one of the most expensive places for IT projects and a good destination for web professionals. However, due to immigration policies, becoming a resident of UAE is more a dream than a reality and few manage to become. On the other hand, this allows the country to provide IT services and products created and developed almost exclusively by its own human resources.
Why you should work with UAE-based IT companies
IT companies from the UAE have developed their ability to attract more clients from all over the world due to adapting to market trends and adopting new technologies. Actionable insight into customer needs, productivity gains, and increased security are just some of the benefits gained from the early adoption of high-end technology and a developed IT infrastructure.
What you should be aware of when working with an UAE-based IT company
As it was mentioned in the beginning, UAE is one of the most expensive destinations for web projects. Even though the quality of the IT product and/or services are high-end, the hourly rate and cost per project are reasons to give second thoughts if it worths working with UAE-based IT companies.
Additionally, limited capacities of the companies based in UAE is another key point on what to pay attention to. Since web agencies in UAE are mainly relying on their own human resources, it is possible to experience relatively average project management.
Are UAE-based IT companies reliable?
Regionally and globally, the Emirates have good reputation in executing and managing IT projects, and the newly adopted government policies in 2018 - increased process transparency and made the companies open to new opportunities. With the high-end technology companies acquire, companies from the UAE are considered a good option for futuristic web projects, based on a report of a British Centers for Business
How the UAE IT industry relates to the neighboring countries
With 2 extremely important business centers: Dubai & Abu Dhabi, the Emirates found themselves in a good position compared to neighboring countries in terms of IT infrastructure. Based on a report from Tech Radar, UAE has invested twice as much as any country in the region in the IT infrastructure and has become a leading provider of IT services with Qatar, Saudi Arabia & Oman behind, in the named order.
Overall, UAE is considered one of the most promising countries that will bring the IT culture in the Arabian Peninsula to another level, and stimulate neighboring countries to develop and compete. Considering the risks of the oil market and IT, the UAE chose the second as a good investment opportunity and alternative to the first one.
What is Accounting and what are its benefits for your projects?
Accounting Service refers to professional assistance from qualified accountants or accounting firms in managing your business financial records, reporting, and analysis.
This service includes finance & accounting outsourcing (fao), financial accounting, forensic accounting, management accounting, etc.
It is like having a trusted partner who handles your financial matters, records income, and expenses, and prepares financial reports to provide a clear picture of your business's financial statement. It also provides financial analysis and strategic advice to improve your business's performance.
In a survey conducted by the Association of Chartered Certified Accountants (ACCA), 84% of businesses believed that professional accountants play a crucial role in decision-making processes.
But why, accounting services are so important and defining?
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First of all, they bring financial transparency; with accurate and transparent financial reporting, it is easier to make well-informed decisions about business.
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In addition, it keeps your business on the right side of the law by ensuring compliance with accounting standards and tax regulations.
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Accounting services also have an important role in financial planning. Accountants help you create budgets, forecast future financial scenarios, and guide you on how to allocate your resources effectively. They're like financial navigators, steering you in the right direction to achieve your business goals.
When it comes to choosing an accounting company, there are a few things to consider.
- Look for their expertise and specialization.
- Look for qualifications and certifications (CPA, CA).
- Check their reputation and track record of satisfied clients.
- Check out the range of services they offer to ensure they can handle your requirements.
- Technology is another aspect to look into. Advanced tools and software can streamline your financial processes, making everything more efficient and accurate.
- Don't forget about communication and support. An accounting company should be responsive and accessible.
- Last but not least, consider the cost and the quality of their services.
Choosing the right accounting company is a big decision, but following these tips, you'll find the one which will take care of your financial issues.
There are more than 209 companies on our platform that offer a wide variety of accounting services. Explore their detailed profiles, and client reviews, and feel free to get in touch with them.
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