Accounting Services in Ras Al Khaimah

BCL Globiz · Ras Al Khaimah

Accounting services in Ras Al Khaimah for Growing Businesses

Bookkeeping, VAT, Corporate Tax, payroll and management accounts for mainland, RAKEZ, RAK Maritime City and RAK ICC structures. `

Awards

1000+

1000+ Active Clients

30+

Industries Served

94%

Client Renewal Rate

35+

Years of Experience

300+

Experts Globally

Right Away

Why RAK Businesses Choose BCL

Dedicated account manager

One point of contact for your accounting, not a rotating support queue.

RAK structure expertise

Mainland, RAKEZ, RAK Maritime City and RAK ICC experience under one roof.

Monthly fixed pricing

Clear pricing agreed upfront, with no unexpected charges.

Tax-ready books

Records maintained to VAT and Corporate Tax compliance standard.

Ras Al Khaimah has built its economy on manufacturing, low operating costs and a broad economic zone in RAKEZ, alongside RAK ICC, one of the region’s most used offshore company registries for holding structures. Good accounting in RAK starts with knowing which regime applies, whether that is an operating trade licence or a non-trading offshore holding company, then keeping bookkeeping tight enough that VAT and Corporate Tax filings never rest on a guess.

Where You Sit

Mainland, RAKEZ or RAK ICC: What Changes for Your Books

The accounting and filing obligations attached to your structure, at a glance.

Structure	Licensing & regulator	VAT and Corporate Tax notes
RAK mainland	RAK Department of Economic Development	Standard Federal VAT and Corporate Tax rules apply in full. Common for trading, contracting and professional services with local clients.
RAKEZ Ras Al Khaimah Economic Zone	Ras Al Khaimah Economic Zone Authority	Broad economic zone covering industrial, trading, business and free zone licences. Qualifying Free Zone Person status is available on qualifying income, subject to conditions.
Al Hamra Industrial Zone Part of RAKEZ	Ras Al Khaimah Economic Zone Authority	Manufacturing and industrial operators with inventory-heavy operations; qualifying income can access the 0% Corporate Tax rate subject to conditions.
RAK Maritime City	RAK Maritime City Free Zone Authority	Shipping, marine services and maritime trading licences, with vessel and freight-related transactions to account for.
RAK ICC RAK International Corporate Centre	RAK ICC Registrar	Offshore company registry for holding, investment and asset-protection structures with no physical UAE operations. Corporate Tax and economic substance positions need to be assessed on the specific structure and activity.

Accounting Requirements

Bookkeeping and Audit Obligations by Structure

What each structure means for day-to-day records and year-end filing.

Structure	Bookkeeping & accounting records	Audit & filing requirement
RAK mainland	Standard accounting records maintained for Corporate Tax and VAT purposes, retained in line with FTA record-keeping rules.	Audited financial statements are commonly requested to support Corporate Tax filings and, for some entities, licence renewal.
RAKEZ / Al Hamra Industrial Zone	Inventory valuation, production cost records and supporting documentation for industrial operations.	Annual audit by a RAKEZ-approved auditor is a standard condition of licence renewal and Qualifying Free Zone Person status.
RAK Maritime City	Standard bookkeeping plus vessel, charter and freight-related transaction records.	Audited financial statements are generally required annually to maintain free zone licensing and Qualifying Free Zone Person status.
RAK ICC	Holding-level accounting records for the underlying investment or asset structure, kept separate from any operating entity's books.	Audit requirements depend on the specific structure and its activity; economic substance filings may also apply.

Finding Your Fit

Who Each Structure Is Typically Suited For

A quick reference for the type of business each structure tends to fit best.

Structure	Typical businesses
Mainland	Retail, contracting, trading and professional services with local, RAK-facing clients.
RAKEZ / Al Hamra Industrial Zone	Manufacturing, cement, ceramics, building materials and industrial operators needing land and low-cost operating space.
RAK Maritime City	Shipping agencies, marine services, vessel management and maritime trading businesses.
RAK ICC	Holding companies, family wealth structures, property-holding entities and international investors seeking asset protection without a physical UAE presence.

Industry Focus

Built Around How RAK Businesses Actually Operate

01

Manufacturing and industrial (RAKEZ)

Inventory valuation, production cost accounting and import documentation for cement, ceramics and building materials producers.

02

Maritime and shipping

Vessel, charter and freight-related bookkeeping for RAK Maritime City businesses.

03

Holding and offshore structures (RAK ICC)

Accounting support for holding companies and asset-protection structures, coordinated with UAE Corporate Tax and economic substance requirements.

04

Tourism and hospitality

Revenue and cost accounting for hotels, resorts and leisure operators around Al Marjan Island and Jebel Jais.

05

Construction and contracting

Project-wise cost tracking, work-in-progress accounting and retention accounting.

06

Trading and logistics

Stock and freight cost accounting for businesses moving goods through RAK’s port and industrial areas.

Client Fit

Who This Is For

Local Coverage

Accounting Services Across Ras Al Khaimah

BCL Globiz supports businesses across Ras Al Khaimah, including companies operating in RAK City, RAKEZ, Al Hamra Industrial Zone, RAK Maritime City, Al Marjan Island and Al Nakheel.

Service Coverage

Accounting Services by Business Structure

What’s included, whichever structure your RAK entity sits under.

Service	Mainland	RAKEZ	RAK Maritime City	RAK ICC
Bookkeeping	✓	✓	✓	✓
VAT accounting	✓	✓	✓	Not required
Corporate Tax	✓	✓	✓	Assessed per structure
Payroll / WPS	✓	✓	✓	Not required
Management accounts	✓	✓	✓	✓
Economic substance / holding accounting	Not required	Not required	Not required	✓

The Numbers

Key UAE Tax and Record-Keeping Requirements

The core figures every RAK business should build its books around.

Rates shown reflect the standard Corporate Tax and VAT treatment. RAKEZ entities meeting Qualifying Free Zone Person conditions may access a 0% rate on qualifying income only. RAK ICC offshore structures are assessed individually against Corporate Tax and economic substance rules. Please confirm your specific position with your accounts manager.

Worth Knowing

Where Bad Bookkeeping Becomes Expensive

Books fall behind

Invoices, receipts and bank activity pile up unreconciled through the year.

Returns are prepared on incomplete information

Without reconciled ledgers, VAT or Corporate Tax figures get built on best guesses.

Supporting documentation is requested

The FTA can request records at any point and expects them within 48 hours.

Errors carry a cost

Unsupported figures can result in additional tax, penalties and compliance costs, exact amounts depend on circumstances.

Good bookkeeping is not just about clean accounts. It gives you evidence when the numbers are questioned.

What's Included

Accounting Services for RAK Businesses

Eight core services covering the full cycle, from daily bookkeeping through to audit and CFO-level reporting.

01

Bookkeeping & monthly accounting

Bank reconciliation, ledgers, AP/AR, journals and month-end closing.

02

VAT accounting & returns

VAT coding, reconciliations, return preparation and FTA support.

03

Corporate Tax accounting

Tax-ready books, adjustments, schedules and filing support.

04

Management accounts & MIS

P&L, balance sheet, cash flow, KPIs and management reporting.

05

Payroll & WPS

Payroll processing, WPS files, gratuity and payroll reconciliation.

06

Audit-ready accounting

Schedules, reconciliations, supporting documents and RAKEZ-approved auditor coordination.

07

Holding structure accounting

Bookkeeping for RAK ICC holding and investment structures, coordinated with Corporate Tax and economic substance positions.

08

Accounting software & migration

Zoho Books, QuickBooks, Xero and Tally, matched to how the business operates.

Keep This Nearby

The Abu Dhabi Accounting Compliance Checklist

Monthly

Bank reconciliation and general ledger maintenance

Records (VAT)

Retained for at least 5 years, 15 years for real estate transactions

VAT

Returns filed on time, whether on a monthly or quarterly cycle

Payroll

Processed and paid through the Wage Protection System (WPS)

Corporate Tax

Return filed within nine months of the financial year end

On request

Records ready to be produced to the FTA within 48 hours

Records (CT)

Retained for at least 7 years under Article 56

RAK ICC entities

Economic substance and holding-level records kept current alongside standard filings

Our Approach

Recognised by Clients and the Industry

BCL Globiz has been recognised by industry bodies and covered by regional press.

Our Approach

Good bookkeeping is boring by design. No surprises at return time, no scrambling when the FTA asks a question.

Fixed monthly pricing. No hidden charges.

Common Questions

Ras Al Khaimah Accounting Services: What People Ask

The questions RAK businesses ask most often about chartered accountants, bookkeeping and VAT accounting.

Do small businesses in Ras Al Khaimah need a chartered accountant?

Yes. UAE Corporate Tax and VAT record-keeping obligations apply regardless of business size, and there is no SME exemption from the requirement to maintain proper accounting records. A chartered accountant in RAK helps ensure the books support your tax filings and hold up if the FTA asks for documentation.

What is the difference between RAKEZ and RAK ICC?

RAKEZ is an operating economic zone: businesses hold a trade licence, employ staff and conduct commercial activity from RAK. RAK ICC is an offshore company registry used for holding, investment and asset-protection structures with no physical UAE operations. The accounting, VAT and Corporate Tax treatment differs significantly between the two.

Do RAK ICC offshore companies need to file UAE Corporate Tax returns?

It depends on the structure and its activity. RAK ICC companies are typically non-trading holding vehicles, but the specific Corporate Tax and economic substance position needs to be assessed individually rather than assumed. BCL Globiz reviews the structure before confirming the filing position.

Is an annual audit mandatory for RAKEZ companies?

Yes, for most RAKEZ licences, an annual audit by a RAKEZ-approved auditor is a standard condition of licence renewal and of maintaining Qualifying Free Zone Person status for Corporate Tax purposes.

How much do accounting services cost in Ras Al Khaimah?

Pricing depends on transaction volume, entity structure and whether payroll, VAT filing and audit support are included. BCL Globiz agrees a fixed monthly fee upfront based on the business, with no hidden charges. See the accounting and tax compliance pricing page for current packages.

Can you handle accounting for a newly registered RAK company?

Yes. New RAK companies, mainland, RAKEZ or RAK ICC, can onboard from their first transaction, with bookkeeping, VAT registration and Corporate Tax registration set up correctly from day one.

Can you take over accounting from another firm, including backlog or disorganised books?

Yes. Backlog accounting and catch-up bookkeeping are common starting points for new RAK clients. The trail is reconstructed from bank statements, invoices and prior filings before moving the business onto a monthly cycle.

Do you provide monthly management accounts?

Yes. Monthly management accounts are included as standard in ongoing engagements, giving visibility into performance well before year-end.

Can you handle VAT and Corporate Tax together, or do I need separate providers?

Both are handled together as part of the same engagement for operating entities. Since VAT and Corporate Tax draw on the same underlying books, keeping them with one team avoids inconsistencies between filings.

Do you provide outsourced CFO services in Ras Al Khaimah?

Yes. This covers board packs, cash flow forecasting and KPI reporting for businesses that need senior financial oversight without hiring a full-time finance director.

Comprehensive Service Packages

Simple, Transparent Pricing

Everything Your Business Needs — Accounting, Tax, Audit & Beyond

✦ Accounting & Book-keeping is included FREE in all packages

🛡️ 100% Refund Guarantee — Not satisfied within the first 3 months? Receive your full money back.

Why BCL Globiz? — how we compare

Feature	Others	BCL Globiz
Accounting fees	Extra charge	FREE
Transaction limits	Yes (capped)	Unlimited
Revenue cap	Yes	No cap
Refund policy	None	100% refund

Unlimited Transactions

Complete freedom to grow your business.

No Revenue Cap

Scale without worrying about revenue limits.

100% Refund

If you're not satisfied, we'll refund your payment.

Unlimited Transactions

Complete freedom to grow your business.

No Revenue Cap

Scale without worrying about revenue limits.

100% Refund

If you're not satisfied, we'll refund your payment.

Prospective

Staying ahead going forward

Monthly packages that keep you compliant as you go, so there's no backlog to clean up next year.

Monthly Yearly Get 2 Months Free!

Get 2 Months Free!

Essential

Grow

Essential

Accounting & Corporate Tax Compliance

Who is this for

Startups and new businesses setting up corporate tax compliance for the first time.

AED 500 20% Off

AED 400

+ 5% VAT · Per month, billed monthly

What's included

Corporate tax compliance 4 services included

CT advisory
Ongoing advisory on corporate tax matters
Annual CT computation
CT return preparation & filing support

Accounting & bookkeeping 14 services included

Monthly accounting and bookkeeping
Setup of chart of accounts
Setup of invoicing templates
Backlog accounting
Sales invoice creation & posting
Purchase bill posting
Expense bill posting
Bank account reconciliation & posting
Credit card reconciliation & posting
Other journal entries posting
Month-end & year-end closing entries
Complete document management as per FTA guidelines
Annual audit-ready documentation
Audit file preparation

Monthly reporting 4 reports included

Monthly balance sheet
Monthly profit & loss statement
Monthly accounts receivable report
Monthly accounts payable report

Support 4 benefits included

A dedicated team will be assigned to you
Support via email, virtual calls & in-person meetings
A dedicated WhatsApp group for quick communication
Monthly review meetings

Accounting, Corporate Tax & VAT Compliance

Who is this for

Growing businesses that need corporate tax and VAT compliance handled together.

AED 750 20% Off

AED 600

+ 5% VAT · Per month, billed monthly

What's included

Corporate tax compliance 4 services included

CT advisory
Ongoing advisory on corporate tax matters
Annual CT computation
CT return preparation & filing support

VAT compliance 4 services included

VAT advisory
Regular advisory on VAT matters
Quarterly VAT computation
Quarterly VAT Return Preparation & Compliance Support

Accounting & bookkeeping 14 services included

Monthly accounting and bookkeeping
Setup of chart of accounts
Setup of invoicing templates
Backlog accounting
Sales invoice creation & posting
Purchase bill posting
Expense bill posting
Bank account reconciliation & posting
Credit card reconciliation & posting
Other journal entries posting
Month-end & year-end closing entries
Complete document management as per FTA guidelines
Annual audit-ready documentation
Audit file preparation

Monthly reporting 4 reports included

Monthly balance sheet
Monthly profit & loss statement
Monthly accounts receivable report
Monthly accounts payable report

Support 4 benefits included

A dedicated team will be assigned to you
Support via email, virtual calls & in-person meetings
A dedicated WhatsApp group for quick communication
Monthly review meetings

Retrospective

Catching up on the past

One-time clean-up for periods already behind you, books that were never closed, filings that were never made.

Backlog accounting

Backlog Accounting

Who is this for

Businesses with unfiled backlog books or missed FY2025 tax deadlines.

AED 3,000 Save AED 500

AED 2,500

+ 5% VAT · One-time, for FY 2025

What's included

Full-year backlog bookkeeping for 2025
Bank & credit card reconciliation
Corporate tax computation for 2025
Corporate Tax Return Preparation & Filing Assistance

One-time engagement. No monthly commitment, ideal for catching up before FTA deadlines.

Covers FY 2025 backlog only, with corporate tax computation and filing included.

Once your books are current, you can move onto Essential or Grow for ongoing compliance.

Accounting & Book-keeping

Monthly Accounting and Bookkeeping

Setup of Chart of Accounts

Setup of Invoicing Templates

Backlog Accounting

Sales Invoice Creation & Posting

Purchase Bill Posting

Expense Bill Posting

Bank Account Reconciliation & Posting

Credit Card Reconciliation & Posting

What each service actually covers

Fixing the past vs. staying compliant going forward.

Retrospective

Backlog Accounting

One-time · fixes a closed past year

Prospective

Essential and Grow Plans

Ongoing · keeps you compliant all year

✓ Corporate-tax computation & filing support

Live FTA updates & rule changes Unlocks on Monthly →

✓ Live FTA updates & rule changes

VAT-applicability support as you grow Unlocks on Monthly →

✓ VAT-applicability support as you grow

Open Advisory and Query with your accountant Unlocks on Monthly →

✓ Open Advisory and Query with your accountant

✓ One-time clean-up of a past year

✓ Covers all twelve months, advisory included

Only fixing the past? Four things stay locked until you move to Essential and Grow Plans.

Switch to Essential and Grow

Standalone Professional Services

Not looking for a full package? Choose an individual service below, tailored to your exact need.

VAT Return Filing Support

Corporate Tax (SBR)

Transfer Pricing

Audit

VAT Return Filing Support

Stay compliant with accurate, timely VAT return preparation and filing support.

AED 750

+ 5% VAT Per Quarter

Who is this for

One job, done right, your VAT sorted every quarter!

What's Included

Quarterly VAT Computation
VAT Return Preparation & Filing Support
VAT Advisory & Compliance Guidance
Documentation Prepared as per UAE Tax Requirements.

Corporate Tax (SBR)

Professional preparation and filing support for eligible SBR.

AED 500

+ 5% VAT One-time / Annual Filing

Who is this for

Your books, our filing, teamwork that just works!

What's Included

Small Business Relief eligibility support
Corporate tax return preparation
Filing support through the applicable UAE tax system
Advisory on SBR conditions and compliance

Transfer Pricing

Benchmarking and documentation for related-party transactions

AED 4,999

+ 5% VAT One-time

Who is this for

Skip the full package, get expert TP documentation done right!

What's Included

Benchmarking Analysis for Related Parties
Arm’s Length Principle Advisory
Alignment with OECD Guidelines
Disclosure Support in CT Return

Audit

Audit-ready financials, backed by a team that knows what auditors expect

Custom Quote

Scoped to your business & audit requirements

Who is this for

Every business is different, so is every audit. Let's scope it together.

What's Included

Audit readiness assessment
Liaison with external auditors
Audit findings remediation
Financial statement preparation for audit

All standalone services can be combined with any package. Contact us at info@bcl.ae for custom requirements.

Ready to Get Your RAK Books in Order?

Mainland, RAKEZ, RAK Maritime City or RAK ICC, BCL Globiz has the RAK-specific accounting expertise to keep the business compliant, audit-ready and focused on growth.