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ZATCA E-Invoicing Compliance Services in Saudi Arabia – BMS Auditing

Ensure seamless compliance with ZATCA’s e-invoicing regulations in Saudi Arabia. BMS Auditing helps businesses integrate with FATOORA, generate compliant e-invoices, and stay tax-ready.

Saudi Arabia's e-invoicing mandate is rewriting the face of the way businesses operate in invoices and tax compliance. In that mandate, the VAT-registered taxpayers have been obliged to connect with the ZATCA platform FATOORA to issue their invoices in a structured format based on ZATCA specifications. More to that, all the e-invoices must be reported and cleared real time while firms have to archive them electronically fully adherent to these changes. Paper and PDF invoices have been done away with, and digital invoicing must now be embraced by all VAT-registered firms.

How BMS Auditing Can Help

We, at BMS Auditing, know and understand the inside-out implications of the e-invoicing mandate in Saudi Arabia. Our experts will ensure that your business has complete compliance with ZATCA's requirements on e-invoicing. We will guide you through the following:

ZATCA Integration (FATOORA): We help you connect your business to the FATOORA platform for the proper setup of your system for real-time reporting and clearance of invoices.

E-Invoice Production: Our teams ensure that the e-invoicing produced against your name fully adheres to the ZATCA format along with all standard requirements of this regulation.

e-Archival: We would assist you for proper implementation and secure archiving of e-invoices in relation to Saudi requirements.

Compliance Support Ongoing: BMS Auditing will continue to support you to ensure that your e-invoicing system is updated with new regulatory changes or updates issued by ZATCA.

With BMS Auditing, you will simplify your invoicing processes, avoid penalties, and be ahead of the evolving regulatory landscape. Contact us today to learn more about how we can help you with the e-invoicing mandate in Saudi Arabia.

Ensure seamless compliance with ZATCA’s e-invoicing regulations in Saudi Arabia. BMS Auditing helps businesses integrate with FATOORA, gener

BMS Auditing: Withholding Tax Calculation Services

BMS Auditing offers expert withholding tax services, including accurate tax calculations, filing, documentation, and compliance support. Stay tax-compliant and avoid penalties.

The BMS Auditing tax team readily handles the complicated process of withholding tax calculation and ensures businesses and entities adhere to local and international tax laws. A withholding tax is integral to any tax system as it enables governments to raise revenues all year through the limitation of tax evasion. Our team of tax experts delivers accurate, efficient, and compliant withholding tax services as you desire.

What We Offer:

We help our clients determine the correct withholding tax rates for different kinds of payments, ensuring timely and accurate submission to tax authorities. Managing withholding tax compliance is quite a complex process and our team supports you in its effective handling with:

1. Correct Tax Calculation

We calculate the withholding tax on several types of payments, which include:

Dividends: Dividends from local companies are withheld at 20%.

Royalties: Generally, royalties are not subject to withholding tax.

Technical Services: Technical services are withheld at 10%.

Other Services: Other services are withheld at 10%.

Individuals: Individuals are taxed at 30% depending on their income.

Businesses: Businesses are taxed at 40% of their profit.

2.Withholding Tax Management

We walk you through the entire withholding tax process, ensuring that you document the right amounts from relevant transactions and avoid over or under-withholding.

3. Filing & Documentation

Our experts assist in preparing the necessary forms and submitting them to the relevant tax authorities on time. We ensure that all records and statements are properly maintained for compliance and audit purposes.

4. W-4 Form Help

As an employee or employer, we assist you with filling out the W-4 Form, determining how much federal and state tax your employer withholds from your paycheck. We also keep track of changes needed to your W-4 as your circumstances change.

5. Tax Planning & Optimization

We assist businesses and individuals in optimizing withholding tax strategy to minimize overall tax liabilities and increase cash flow.

Why choose BMS Auditing?

Expertise: The team is highly experienced in withholding tax regulations and calculations.

Customized solutions: We offer customized services to the needs of a business and individual so that it gets in compliance with applicable tax rates and other laws.

Timely filing: We ensure that all the tax filings that are submitted on time so as to avoid penalties on account of late submissions.

Updated financial records: We help you maintain precise records for audit purposes and compliance with the retention periods.

BMS Auditing significantly eases your withholding tax processes. We guarantee that business or personal tax affairs remain compliant with the regulations in respect of withholding tax.

Looking for a dependable tax advisor? BMS Auditing has your back, call us today!

Withholding Tax Filing Services in Saudi Arabia – BMS Auditing

BMS Auditing offers expert withholding tax filing services in Saudi Arabia, helping businesses comply with ZATCA regulations, file returns on time, and avoid penalties.

Businesses, particularly foreign companies and investors, find it difficult to deal with the intricacies of Saudi Arabia's withholding tax (WHT) rules. Here at BMS Auditing, we offer you the best withholding tax services that guarantee your company is in perfect compliance with the tax regulations of the Kingdom. Whether you're a resident taxpayer paying non-resident service providers, or require assistance with making payments and filing returns, our professional team is here to ease the process. With our extensive understanding of Saudi tax laws, we will ensure that you're on top of your WHT obligations, filing and paying in a timely manner and avoiding penalties. Leave the complexity of withholding tax to us so that you can concentrate on business development.

What is Withholding Tax (WHT) in Saudi Arabia?

Withholding tax is the amount of tax collected from non-residents when their services are performed in Saudi Arabia. The Saudi tax system operates under the destination-based principle; this is where every income obtained in the Kingdom will be subjected to taxation irrespective of whether it was a non-resident who earned the money or not. Tax rate will be subject to the nature of payment and service offered.

Dividends: 5%

Interest/Loan Fees: 5%

Royalties: 15%

Management Fees: 20%

and Consulting Services: 5%

As a resident entity, you are responsible for withholding and remitting the tax to the Zakat, Tax, and Customs Authority (ZATCA) and filing monthly and annual returns in compliance with the deadlines.

Withholding Tax Filing with BMS Auditing

BMS Auditing is a professional auditing firm that specializes in helping companies file their withholding tax returns efficiently and avoid heavy penalties. This process includes:

Monthly Returns: Such returns are filed within 10 days from the end of the month in which the payment is made to a non-resident.

Annual Returns: The annual return is submitted within 120 days from the fiscal year-end. For a partnership, it is submitted within 60 days from the fiscal year-end.

BMS Auditing will support you in getting into the ZATCA portal, preparing all returns required and ensuring that the information is complete. We guarantee your filings to meet the tax law of Saudi and avoid penalty on late submissions as well as mistakes in reports.

Procedure of Withholding Tax Payment

Remittance: Withholding tax, after proper deduction, has to be remitted to ZATCA by 10th of the subsequent month. We shall assist you with the remittance process.

Method of Payment: You pay this tax to ZATCA in the following ways: SADAD, Mada or direct bank transfer.

Compliance Evidence: BMS Auditing will collect the proofs from the authority once you have made the payment, such as receipts, tax returns, and invoices.

Consequences of Non-Compliance

If a person fails to comply with the WHT regulations, several penalties apply. Among them are:

Late Payment Penalty: This is 1% of the unpaid tax for every 30 days since its due date.

Misreporting Penalty: A fine of 25% of unpaid tax if false information or tax evasion is identified.

Additional Consequences: Legal actions, ineligibility to claim benefits under tax treaties, and audit risks.

Why Choose BMS Auditing?

Expert guidance: Tax professionals will be designed to guide you through all the withholding tax intricate and complicated issues.

On-time filing & payments: I make sure you file your returns on time with no penalties paid due to payments.

Tailor-made services: be your management fees, royalties or technical services-our services are tailor-made, geared to all your tax needs.

Compliance Assurance: Through BMS Auditing, you are assured that you are well compliant with the Saudi Arabia tax law in a way that your risk of penalty is reduced.

Contact BMS Auditing

If you want help with filing withholding tax returns, making the payments, or keeping your business compliant with the Saudi tax authorities, BMS Auditing will be glad to assist you. Reach out today for professional expertise on all issues related to withholding tax in Saudi Arabia.

BMS Auditing offers expert withholding tax filing services in Saudi Arabia, helping businesses comply with ZATCA regulations, file returns o

Withholding Tax Services With BMS Auditing

BMS Auditing offers professional withholding tax services in Saudi Arabia, ensuring compliance with ZATCA regulations. Stay penalty-free with expert tax calculation, filing, and audit support.

BMS Auditing is here to assist companies to seamlessly manage the complexity of withholding tax laws in Saudi Arabia. Non-resident entities, providing services in the Kingdom of Saudi Arabia, are subjected to withholding tax, and different rates and requirements to comply will impact your business' financial well-being.

What We Offer:

Our team of experienced tax professionals helps businesses manage and ensure compliance with withholding tax laws, specifically Royal Decree No. M/1 and its executive regulations. We guide you through the process of withholding tax deductions for services provided by non-resident entities, covering a range of sectors including management services, royalties, technical and consulting services, and international communication services.

Key Areas of Support:

WHT Calculation & Deduction: We can help calculate the proper tax rate depending on the type of service, including 5%, 15%, and 20% tax rates according to the appropriate regulations.

Monthly & Annual Reporting Our experts will ensure timely submission of your monthly withholding tax forms and an annual summary to ZATCA. We also help you adhere to the 120-day submission deadline for the annual form.

Tax Compliance & Filing: Ensure all the taxes withheld get paid on time within the tax timeline without incurring any late payment penalties. Provide non-resident entities with permanent establishments on handling tax obligations.

Record Maintenance & Audit Support: Keep supporting businesses in maintaining correct records and assist them during audit including adherence to the Saudi tax law, requiring record retention for a minimum of 10 years.

Penalty Management: In case of delayed payments or improper filing, we help minimize possible fines by ensuring compliance with Saudi tax regulations, including the fines for delayed or false reporting.

Why to choose BMS Auditing?

Unrivaled expertise: Our team has a thorough knowledge about Saudi tax laws and withholding tax regulations.

Efficacious processes: Ensure that the documentation is filed on time and filed in compliance with the Saudi tax authorities.

Risk Mitigation: We prevent you from suffering penalties and ensuring proper records for your financial dealings.

Partner with BMS Auditing today and navigate Saudi Arabia's withholding tax laws with confidence, ensuring that your business stays fully compliant.

BMS Auditing offers professional withholding tax services in Saudi Arabia, ensuring compliance with ZATCA regulations. Stay penalty-free wit

BMS Auditing: Leading the Way in Forensic Auditing and IT Services

In today's financial landscape, where ethical challenges are prevalent, organizations face difficulties in protecting their assets while maintaining financial transparency and accountability. BMS Auditing stands as a leader in providing innovative solutions for forensic auditing and IT services. Leveraging our specialized expertise and cutting-edge technology, we help businesses uncover instances of financial fraud, fostering greater responsibility and helping them address financial concerns with confidence.

The years of experience and high-skilled team BMS Auditing sets it apart from ordinary auditing firms. Utilizing the most recent analytical tools, the company identifies financial transaction trends and irregularities to give businesses that solid footing upon which such decisions will be made. Meticulous attention to detail and rigorous analysis guarantee that every financial aspect would be scrutinized. Expert solutions through BMS Auditing help businesses unlock growth and increase operational efficiency.

Why Choose BMS Auditing?

BMS Auditing stands out as a trusted partner for businesses seeking comprehensive forensic auditing and IT services. Here’s why:

Expertise and Experience: Our highly skilled team has years of experience in forensic auditing and IT services.

Cutting-Edge Technology: We use the latest tools and analytical techniques to uncover fraud and ensure financial transparency.

Comprehensive Solutions: We don’t just find problems – we provide actionable solutions to optimize your operations and foster growth.

Asset Protection: We focus on safeguarding your financial integrity and protecting your assets.

Proven Track Record: We have a reputation for delivering results that help businesses thrive in a complex financial landscape.

Contact BMS Auditing today to secure your business’s financial future!

Inventory Stock Count Audit Services in Saudi Arabia - BMS Auditing

BMS Auditing offers comprehensive inventory stock count audit services in Saudi Arabia. Improve financial reporting, comply with regulations, and enhance operational efficiency for your business.

Businesses in Saudi Arabia face different challenges in inventory management due to large-scale operations, rapid industrialization, and strict regulations. Inventory stock count audit services are important for the accuracy of inventory management, which can help businesses comply with regulations and improve financial reporting.

Improved Financial Reporting

It provides an accurate record of stock values to a company, ensuring financial reports are very accurate. The incorrect numbers could provide misleading statements of finances and poor decision-making, increasing compliance risks.

Compliance to Law

Regulations in Saudi Arabia ensure businesses have records that are clear and accurate for audit purposes and taxation. Accurate inventory stock counts can help companies achieve compliance with laws to avoid any form of penalties or lawsuits.

Effective Operations

Regular stock counts will optimize the level of inventory within businesses by showing where there is overstocking, understocking, and waste, thereby reducing carrying costs and improving operational efficiency.

Detection of Discrepancies and Fraud

Stock count audits help identify discrepancies, theft, or mismanagement early on to avoid significant financial losses and operational disruptions.

Enhanced Customer Satisfaction

Accurate inventory data enables businesses to respond to customer orders promptly and thereby reduce stockouts and ensure timely deliveries, thus enhancing customer satisfaction.

Challenges in Saudi Arabia in Inventory Management

Most businesses in Saudi Arabia are confronting problems such as large-scale operations across multiple locations, complex supply chains, high labor and operational costs, manual errors, and seasonal fluctuations in demand.

How BMS Auditing Can Help

BMS Auditing provides professional inventory stock count audit services for businesses across Saudi Arabia. Here's how we can enhance your inventory management:

Expertise in Inventory Auditing

Our professional staff ensures comprehensive and accurate stock counts, minimizing discrepancies and errors.

All-inclusive Stock Count Solutions

We verify the inventory in various locations, reconcile with recorded data, and categorize and value to ensure correct financial reporting.

Latest Technology and Tools

We employ the latest tools for inventory management and integrate them with your existing ERP systems for accuracy and seamless data management.

Customized Services

We perform inventory stock count audits according to your business's needs, including periodic audits, annual checks, or real-time monitoring.

Compliance With Regulations

Ensure the inventory records follow Saudi regulations as well as global accounting standards; this will get your business ready for auditing and reporting to the relevant agencies.

Cost-Effective Solutions

Through BMS Auditing, we help you outsource your audit of inventory where you save in-house team resources while still guaranteeing quality at competitive prices.

Least Disruption

We work with an eye on efficiency, ensuring the least disruption to your business activities during stock counts.

Benefits of Working with BMS Auditing

Accurate Financial Statements

Our services ensure that your financial statements reflect the true value of your inventory, thereby reducing discrepancies and improving financial management.

Operational Efficiency

Accurate data allows businesses to optimize procurement strategies, reduce waste, and lower costs.

Timely Issue Detection

Our audits will allow early detection of any discrepancy or theft and ensure corrective actions at the right time.

Better Customer Satisfaction

With an accurate inventory, businesses will meet the demands of their customers efficiently and establish good relationships with their customers.

Industries Served

Retail: Stock count audit for malls, supermarkets, and retail shops.

Manufacturing: Raw material, work-in-progress, and finished goods inventory management.

Logistics: Large warehouse and distribution centers' audit.

Oil & Gas: Material, equipment, and supply inventory audit.

Hotel, restaurant, and catering services inventory checks

Businesses in Saudi Arabia must have effective inventory management. With BMS Auditing, you ensure accurate stock records, regulatory compliance, and operational efficiency. Our tailored inventory stock count audit services could assist businesses in enhancing financial accuracy, reducing risks, and boosting customer satisfaction.

Contact BMS Auditing today for a complete inventory auditing solution.

BMS Auditing offers comprehensive inventory stock count audit services in Saudi Arabia. Improve financial reporting, comply with regulations

BMS Auditing - Comprehensive Risk Consulting and Management Services

BMS Auditing offers comprehensive risk consulting services to help organizations identify and manage risks effectively. Our services include enterprise risk, fraud risk management, compliance audits, and more. Partner with us to ensure business continuity and long-term stability.

The fast-paced world of business currently revolves around disparate risks encompassing a plethora of strategic, operational, compliance, and reporting challenges. Organizations need to understand and identify these risks to manage them effectively and ensure business continuity. BMS Auditing delivers its risk consulting to assist the client in navigating these complexities and ensuring that their governance, compliance, and operational structures are well-built and robust.

Our Approach to Risk Management

Every Organization Has Unique Risk Profiles. Our seasoned professionals will have an open discussion with you on such potential risks, that are spread across the lines of different domains.

Enterprise Risk: It defines the overall risk landscape with a focus on internal elements and external players that might influence your business functions and prospects of growth in the future.

Regulatory Risk: Ensures that one is complying with local and international regulations to limit the risks involved in non-compliance and the associated costly penalties.

Technology Risk: Ensures the aspects of cybersecurity and privacy are handled; this is particularly true, considering how technology becomes part of one's daily operations.

Fraud Risk: Identifying potential fraudulent activities and designing strategies to prevent, detect, and respond to fraud within your organization.

Operational Risk: Assessing and improving the operational process so that it is efficient and minimizes disturbances caused by unexpected situations.

Financial Risk: Analyzing financial statements, projections, and other financial information to identify dangers from economic stability and profitability.

Our Risk Consulting Services

BMS Auditing provides an all-round risk management service that involves:

Enterprise Risk Management: We work with our clients in the designing of an ERM system for the organizational environment by making deep risk analyses and pointing out significant risks. Identification, risk assessment, and formulating a response strategy are some areas of involvement for us.

Governance and Compliance Audits: A governance audit will give your organization an indication of how the existing governance structures and processes operate in the entity. This means that your business will be in a position to find areas for improvement and strengthen the corporate governance process while ensuring it complies completely with its obligations to the regulation.

Internal Audits: Our internal audits are an objective assessment of risk management within the organization. Your policies, procedures, and controls are put under scrutiny to ensure they work as contemplated.

Fraud Risk Management: Designing fraud prevention and detection programs to prepare your organization for identifying, responding to, and mitigating fraudulent activities.

Why BMS Auditing?

Our team consists of very experienced risk management professionals with industry-wide experience. We bring deep subject-matter knowledge together with practical experience to deliver your business the most effective risk solutions.

At BMS Auditing, we understand that a one-size-fits-all approach does not work. We offer personalized risk management plans that suit your needs and business objectives.

Partner with BMS Auditing to ensure that your organization becomes stable and prosperous in the long term. Our risk consulting service will help you stay ahead of potential threats and improve your governance practices while also mitigating risks effectively. Call us today to learn how we can help safeguard your business.

BMS Auditing offers comprehensive risk consulting services to help organizations identify and manage risks effectively. Our services include

Professional Internal Audit Services in Saudi Arabia - BMS Auditing

BMS Auditing offers professional internal audit services in Saudi Arabia and GCC countries to improve transparency, enhance risk management, and ensure compliance with regulatory standards. Contact us for expert auditing solutions!

In the rapidly changing business world, sustained success and proper financial and operational controls are significant requirements. BMS Auditing is an auditing and consulting firm that aims to help businesses reach excellence through professional internal audit services to increase transparency, enhance risk management, and ensure compliance with regulatory standards in the Saudi Arabian business environment and the other GCC Countries.

BMS is helping businesses in Saudi Arabia and the other GCC countries achieve excellence with professional internal audit services. Its objective is increasing transparency, efficient risk management, and compliance with regulatory requirements.

BMS Auditing offers professional internal audit services in Saudi Arabia and GCC countries to improve transparency, enhance risk management,

External Audit Services in Saudi by BMSAuditing

BMS Auditing offers expert external audit services in Saudi Arabia, ensuring accurate financial statements and compliance with IFRS standards. Contact us for reliable audits tailored to your business.

With years of experience, we at BMS Auditing ensure accurate and reliable financial accounts that act as per the IFRS Standards. Recognizing the critical role of financial data, our expert auditors are committed to delivering top-notch assurance services tailored to meet the specific needs of your organization.

External auditing is nothing but an independent evaluation of your company’s economic data by a certified auditor. The main goal of this is to provide an unbiased evaluation of your company’s financial data that guarantees reliability and also complies with all the applicable rules and regulations.

The major elements of external auditing in Saudi Arabia are as follows:

Independence

Our auditors are independent of your organization and this ensures that the audit is impartial and objective. This in turn boosts the credibility of your company’s financial data.

Compliance

We thoroughly check if the financial data complies with the accounting standards, regulations, and any other applicable rules. This helps to ensure that your business complies with the law and also aureus the investors, creditors, and stakeholders that the data is reliable.

The completeness, accuracy, the presentation and all other aspects are discussed in detail. Our main objective is to understand the possible misstatements or errors that would have an impact on the overall financial health of your organization.

Risk Assessment

We evaluate the risks associated with your organization’s financial reporting, whether if its the possibility of fraud, weakness in your internal controls, or any other errors. Our responsibility is to help you understand the areas where improvements can be made.

Reporting

After the audit, our auditors provide an audit report that states their opinion on whether the statements are fairly presented under the applicable financial reporting framework. This report is crucial to investors, creditors, and the regulatory bodies who depend on your financial data.

Regulatory Compliance

Our External auditors in Saudi Arabia should be subjected to the regulations stipulated by the bodies, for instance, SAMA, among other regulatory bodies. Our auditors are aware of these regulations and ensure that your company is up to par.

The External Audit Services provided by BMS in Saudi Arabia

Financial Statement Audits

Compliance Audits

Operational Audits

IT Audits

Specialized Audits

Why BMS Auditing?

We offer a customized approach for all your auditing needs by understanding the challenges businesses face in Saudi Arabia

We hold the highest level of professional integrity, guaranteeing our audit services to be objective, transparent, and reliable.

Timely Delivery/Completion is our priority at BMS Auditing. We understand the importance of receiving your audit promptly. Our dedicated team ensures you get high-quality service and the essential information you need to make well-informed decisions without delay.

At BMS Auditing, we build strong, collaborative relationships with our clients. We are here to guide you through every step of the audit process with open communication and support.

When you work with BMS Auditing, you can trust that your financial reporting is in good hands. We are dedicated to helping your business stay compliant and thrive with confidence.

BMS Auditing offers expert external audit services in Saudi Arabia, ensuring accurate financial statements and compliance with IFRS standard

Audit and Assurance Services in Saudi Arabia by BMS Auditing

Beyond mere compliance, an independent audit is an essential instrument for risk mitigation, providing transparency and assurance to stakeholders. Since every company is different, BMS Saudi Arabia tailors all audit projects to fit each client’s strategic goals.

We uphold the highest quality standards in all areas of our operations, including personnel, leadership, technology, and Quality Control oversight. Recognizing the essential role of accurate financial reporting, we highlight its significance in risk assessment, goal-setting, and performance tracking. An independent auditor's report not only aids in better decision-making but also fosters trust in your financial statements.

Our customized audits ensure that quality and relevance to your business needs are emphasized in today's dynamic market.

Our Corporate Auditing Services:

Audit

Review and compilation

Special reports

Agreed-upon procedures

Experience the BMS Saudi Arabia Difference

Supported by a team of dedicated audit professionals, we provide comprehensive support tailored to your business model. With BMS’s extensive global network, we bring in-depth expertise and the ability to deliver excellent auditing services across diverse regions in all industry sectors.

We craft solutions that align with your unique business needs, always with the highest level of professionalism and assurance.

BMS Saudi Arabia offers tailored auditing services for businesses, ensuring transparency, risk mitigation, and strategic support to achieve

MOFA Attestation in UAE by BMSAUDITING

Having attested documents in UAE is a must for any individual be it on their personal or commercial documents and certificates. The government organization called the Ministry of Foreign Affairs Attestation or MOFA attestation in UAE is responsible for approving documents from the person's nation of origin. The Ministry of Foreign Affairs attestation (MOFA Dubai) services serve as the final arbiter in the United Arab Emirates for certificate verification.

Purpose of MOFA Attestation in UAE

The document can be used for all official purposes in the UAE once it has the MOFA seal stamped on it. The process of having documents verified by the local Ministry of Foreign Affairs is referred to as MOFA Attestation Services.

This is an essential step in the legalization process for documents used abroad. The document or certificate will be authenticated by MOFA in UAE and confirmed by the issuing government.

It is necessary for numerous purposes, including getting a visa, going to college, getting a job, and more. The MOFA Attestation procedure has a number of steps and requirements, and it can take a while.

To guarantee a hassle-free and timely completion of the procedure, it is suggested to use the services of a reputable and qualified attestation service provider like BMS Auditing.

Eligibility for MOFA Attestation in UAE

Firstly, who can apply for MOFA Attestation in UAE?

Tourists

Citizens

Companies

Students

Investors

Residents

and anyone from inside or outside the UAE can attest their documents from MOFA for official purposes in the country.

There are different conditions to be met based on the issuance of a document that needs to be attested. If your document is issued inside the UAE, certain conditions to be met whereas if your document is issued outside the UAE, it requires different criteria.

If your Documents Issued outside the UAE

1. The documents can be attested by the UAE Embassy, the Consulate of the nation that issued them, or a foreign mission. The application is submitted using the MoFAIC online platforms.

2. Documents must be verified within the UAE by submitting an online attestation request.

3. The original document must be authenticated by the Ministry of Foreign Affairs (MOFA Dubai)of the concerned country.

If your Documents Issued Inside the UAE

1. The documents can then be verified by the UAE Embassy or Consulate in your native country or the place of issue.

2. Original documents must be attested by the appropriate authorities. In the case of digital documents, the documents can be electronically validated.

3. You must provide only original documents. Photocopies and laminated documents will not be accepted by the MoFA (Dubai).

If your Documents Issued inside the UAE

The MOFA Attestation in UAE will cost AED150 for each document, whereas for commercial documents, it will cost AED2000 each despite of where it is issued.

Documents that require MOFA Attestation in UAE

The types of documents that require MOFA Attestation for official purposes in the UAE are

Marriage certificates

Divorce contracts

Powers of attorney

Educational certificates

Commercial contracts and invoices

Personal tax certificates

Birth and death certificates

Medical certificates

Bank statements

BMS Auditing offers attestation services for all certificates and documents in the UAE including getting your document attested by the Ministry of Foreign Affairs (MOFA) in UAE. We also provide to assist your business activities in the country. We are an approved and recognized attestation service provider by MOFA Dubai attestation and can offer a quick and streamlined solution for your document attestation in the UAE.

Benefits of MOFA Attestation Services

By acquiring MOFA Attestation in UAE, you can confident that your paperwork is more than just pieces of writing but bear the Ministry of Foreign Affairs (MOFA Dubai )seal of legitimacy and credibility, which offers a critical level of security for official uses across UAE.

Processing visas: MOFA Attestation Services are required in order to acquire visas for a variety of reasons, including employment, education, and more. Ensuring all necessary documents are duly attested speeds up the visa application process.

Opportunities for education: MOFA Attestation Services are necessary for seeking educational opportunities abroad. It guarantees the validity of educational certificates, enabling applicants to pursue college and scholarship programs.

Global acceptance: These attested documents by MOFA Attestation Services is acknowledged not just in UAE but on a global scale in many different nations. This acknowledgment boosts the documents' value and aids in averting legal and administrative problems.

Legal conformity: MOFA Attestation Services makes sure that the document is in accordance with the laws of the nation in which it will be used. It offers a degree of assurance that the records adhere to the necessary legal requirements and regulations.

Possibilities for employment: Getting MOFA Attestation Services is essential for finding work abroad. It certifies the validity of the employment-related documents, granting them the ability to be used in the hiring procedure.

Professional legitimacy: Your professional credibility is improved by MOFA Attestation Services for both people and organizations. It demonstrates that they have adhered to the correct legal and administrative processes, giving their documents and their image more credibility.

Prospects for business: MOFA Attestation Services Dubai are necessary for pursuing chances for business abroad. It aids in building trust and reliability with clients, investors, and business partners, allowing companies to grow internationally.

MOFA Attestation Process in UAE

There is a particular procedure that must be followed in order to obtain MOFA Attestation for the UAE.

Initially, All original documents have to be pre-attested by the appropriate government agencies in the country where they were issued, and then they must be attested by the UAE Embassy there. The Ministry of Foreign Affairs (MOFA Dubai) then verifies the documents' legal validity after this pre-attestation is finished.

1. Go to the MOFAIC online portal, and select your login type, individual, or company. (You can use or create smart pass account to log in)

2. After login, Fill in the form and attach the required documentation to be attested.

3. Choose the right authority from which you require attestation

4. The application will be reviewed by the concerned authority and approval will be sent with the payment process

5. You can go to the "My Task" option in the portal, complete the payment and get it attested

During the attestation, the MOFA seal and signature are imprinted, which is necessary for the document to be accepted for a variety of purposes, such as applying for a family visa. The MOFA Attestation Abu Dhabi procedure ensures the document's legitimacy and authenticity by following these steps, which are essential for their acceptance and use in other nations.

Those who are within the country will get their document couriered to your address. However, ex-pats and foreigners who applied through UAE Embassy/Mission should visit any one of the centers directly to receive your documents.

Ministry of Foreign Affairs and International Cooperation in Dubai in the Consulates neighborhood, Bur Dubai.

Al Tawar Center, Al Twar 2, Dubai

Yas Tasheel Center, Mussafah, Abu Dhabi

Emirates Towers, Dubai

Ministry of Foreign Affairs and International Cooperation Office, Al Dafeen area

It is crucial to remember that serious legal repercussions could occur if MOFA attestation Dubai officials determine the document is a forgery. The punishment for such illegal activities can be harsh because the UAE is renowned for its strict adherence to the law. Therefore, it's crucial to confirm that all of your documents are real and have undergone the appropriate attestations from expert Attestation services like BMS Auditing.

BMS Auditing- MOFA Attestation Services in UAE

BMS Auditing offers Certificate and Document Attestation Services in UAE which is a reputable and market-leading organization with years of experience that offers attestation solutions for customers from all over the world.

Our crew of committed experts is committed to offering you the most trustworthy and effective attestation services, managing all the time-consuming paperwork so you can concentrate on what's crucial—your time and money.

We take great pride in our depth of knowledge and skill in the field of document attestation ranging from Certificate attestation of different types like Educational certificate attestation, Non-educational certificate attestation, and Commercial certificate attestation to documents like passports, visas, etc.

We employ a standard procedure that entails listening to our clients, comprehending their problems, addressing them, and offering thorough and useful solutions.

Get in touch with our expert team by dialing our local Dubai hotline at +971 52 940 2047 or our Abu Dhabi number at +971 52 997 4124.

FAQs

1. Can I get my documents attested without being in UAE?

Yes, you can get your documents attested without being in UAE by using the services of a registered attestation agency or through the online portal of the MOFA (Ministry of Foreign Affairs Dubai). However, you will need to send the original documents to the agency or MOFA office.

2. What is the difference between MOFA attestation and embassy attestation?

MOFA attestation is the certifying of documents by the Ministry of Foreign Affairs (MOFA Dubai) of the country while embassy attestation is done by the embassy where the document was issued. Embassy attestation may be required before the document can be attested by MOFA.

3. Does both Embassy and MOFA attestation in UAE required?

It depends on the requirements of the organization or institution that is requesting the documents. Some organizations may accept embassy attestation alone, while others may require additional MOFA attestation. It is advisable to check with the organization or institution for their specific requirements.

4. Can I get my degree certificate from an unaccredited institution attested by MOFA?

No, MOFA attestation is generally not provided for degree certificates obtained from unaccredited institutions. The attestation process typically requires verification of the authenticity of the educational institution and its accreditation status.

5. What are MOFA attestation fees?

MOFA Attestation is a process by the UAE Ministry of Foreign Affairs that verifies the authenticity of your personal and educational certificates. It's required for official use in the UAE like jobs, schools, or immigration. The fee is AED 150 per document, regardless of origin, with additional courier charges.

6. How do I attest to a document in MOFA?

To ensure a smooth document attestation process, please ensure you have the necessary documents when visiting the Ministry in person. You will be required to present your original identification card. This could be your Emirates ID, passport, or another valid form of government-issued identification. Additionally, a clear photocopy of the document you require attestation for is essential. The Ministry utilizes these copies for record-keeping purposes. It's important to note that the Ministry adheres to a policy of equal service provision. This means both men and women are welcome to visit for document attestation.

BMS offers attestation services for all certificates & documents in the UAE including getting your document attested by the Ministry of Fore

Document and Certificate Attestation Services in UAE by BMSAUDITING

Certificate and Document Attestation services are frequently needed in the UAE for a variety of reasons, including education, immigration, employment, and legal proceedings. A designated authority verifies a document's authenticity as part of the attestation process. Certificate attestation, often known as legalization (or authentication), is a method of verifying the certificates and documents you bring into the UAE for legal usage and official motives from your country.

For both commercial and personal documents, the UAE Attestation process is a prerequisite when applying for a visa to move to the UAE for personal or professional reasons. The process of UAE attestation will prove the legality of the documents. Verifying the documentation that immigrants are carrying is called attestation.

By ensuring that only authentic documents are authorized for official purposes, attestation helps mitigate fraud. Offering a standardized procedure for confirming the authenticity of documents, it also contributes to the development of trust between various nations and institutions.

Need for Certificate and Document Attestation in UAE

It offers the necessary degree of assurance that the papers being presented are real and authentic, which is important for many official purposes.

Guarantees Document Authenticity: Attestation services guarantee the genuineness and authenticity of a document. This is crucial for a number of reasons, including legal processes, employment, immigration, and education.

Ensures Compliance with the Law: Attestation services make sure that your documents adhere to the rules and specifications set forth by the UAE authorities. This can avoid problems like rejection or processing delays, which could hurt your plans or objectives.

Avoids Errors and Oversights: Attestation services are knowledgeable about the requirements of various authorities and are familiar with the attestation process. They can make sure that your documents are properly attested and steer clear of any mistakes that might result in rejection or hold up the process.

Saves Time and Effort: If you are unfamiliar with the rules and regulations, attestation can be a lengthy and complex process. You may spare time and effort by having attestation services handle the entire procedure on your behalf.

Offers Convenience: Handy options are available with attestation services, including document pick-up and delivery, online tracking, and status updates. Clients benefit from the process being more convenient and less burdensome as a result.

Official Documents and Certificates Attestation in UAE

BMS Auditing provides the finest document and certificate attestation services in UAE to help you get the documents attested for professional purposes. One of the key areas of expertise for us is document attestation and certificate attestation in the UAE. Our list of certificates and documents attestation in UAE is vast and you can rely on us for getting anything attested for a professional purpose in the country.

BMS Auditing provides the document and certificate attestation services in UAE to help you get the documents attested for for customers from

Commercial Document Attestation Services in UAE by BMSAuditing

If you are planning to establish a business in the UAE, you may need to get your commercial documents attested by the appropriate authorities. Attestation is the process of verifying the authenticity of a document to ensure that it is legally recognized in the UAE. Hence, companies and individuals go for Commercial document attestation services in UAE as it is a mandatory requirement for various transactions, opening a Business bank account, and obtaining a visa.

Commercial Attestation is crucial for companies doing business in the UAE because it gives them the ability to establish their legitimacy and legal standing in the eyes of regulators, prospective investors, and business partners.

Commercial Document Attestation in UAE

Commercial Document Attestation is the process of verifying the legitimacy of commercial documents, such as deals, invoices, and other legal documents, to ensure their legal recognition in the UAE. It is a crucial step in making sure that these documents can be acknowledged and legally recognized by institutions and authorities both inside and outside of the UAE.

Guaranteeing that commercial documents are acknowledged and accepted in other nations, also makes international trade easier. Therefore, Commercial Attestation is an essential step for any company operating in the United Arab Emirates (UAE) that wants to build credibility and legal recognition in the nation.

BMS Auditing Commercial Document Attestation Services in UAE assist you in getting your Commercial Business related documents attested by professionals.

Benefits of Commercial Document Attestation Services in UAE

Commercial Document Attestation Services in UAE aid business owners, startups, and organizations in gaining legitimacy and legal approval on the international market.

By managing the attestation process on the company's behalf, we assist businesses in saving time and money.By doing this, businesses can make sure that their commercial documents have been verified and legally recognized while concentrating on other crucial aspects of their operations.

Legally Recognized Paperwork: Commercial Attestation Services make sure that your company's legal documents, including contracts, licenses, and agreements, are accepted in the UAE and other nations. When it comes to running a company in foreign markets, this recognition is essential.

Encourages International Trade: A variety of processes, such as applying for visas, opening bank accounts, and clearing customs, call for the use of attested commercial documents. Commercial Attestation Services aid in the facilitation of these procedures and ease international business operations.

Reliability and Confidence: Businesses can build their credibility with regulators, prospective financiers, and business partners by acquiring commercial attestation. This may aid in bringing in more customers and expanding business opportunities.

Regulation Compliance: Commercial Attestation Services assist companies in meeting legal and regulatory requirements in the UAE and other nations. This can assist in avoiding legal problems and penalties and can guarantee that the company runs legally and morally.

List of Commercial Documents to be Attested in UAE

There are commercial documents that are certainly needed to be attested in UAE. They are,

Documents

Board of Directors

Agreements and Memorandums

Invoices

Power of Attorney (POA)

Packaging list

Certificates

Trade License

Documents: Chemical and physical analysis documentation that may be required for the start of specific types of commercial initiatives must also be verified.

Board of Directors: Documents connected with the Board of Directors of a company established in UAE should be validated. BMS Auditing is approved by the Board of Directors to provide Commercial document attestation services in UAE

Agreements and Memorandums: Contractual agreements between co-owners or establishment accomplices, Articles of Association, Memorandum of Association, and other similar documents all require attestation by an authority seal and mark of approved authorities.

Invoices: Whether it is a VAT Invoice, Export Invoice or Company Invoice, it must be attested to show its legality. BMS Auditors are specialized in creating invoices for your requirements and can also help get it attested.

Power of Attorney (POA): Documents linked with the Board of Directors of a business established in UAE should be attested.

Packaging list: Your Commercial product bundling list is subject to attestation in UAE.

Certificates: Certificate of Incumbency, Change of Company Name Certificate, Shareholders Certificate, Certificate of Origin, Certificate of joining, Certificate of Good Standing, etc., are the types of certificates that are commercially needed to be attested in UAE. BMS Attestation Services in UAE can help you with that.

Trade License: You will require the authority seal and mark of the appropriate professionals to authorize your Trade Licence. We can help you get the appropriate trade license as well as get it attested by the concerned authority.

Procedure of Commercial Document Attestation Services in UAE

The Commercial Document attestation process involves obtaining a series of stamps and signatures from various government agencies, including the Ministry of Foreign Affairs, the Chamber of Commerce, and the UAE embassy or consulate in the country where the document was issued.

1. Notarization

Obtaining your commercial paperwork notarized by a Notary Public in the UAE is the first step in the Commercial Attestation procedure. Verify the authenticity of the documents, this entails having them stamped and signed.

2. Verification by the Chamber of Commerce

After having your business documents notarized, the next step is to have them examined by the UAE's regional Chamber of Commerce. In order to do this, you must submit your paperwork along with the required payment and wait for it to be reviewed and stamped.

3. Attestation by Ministry of Foreign Affairs (MOFA)

After the Chamber of Commerce has verified your documents, the next step is to have the Ministry of Foreign Affairs (MOFA) of the United Arab Emirates certify them. In order to do this, you must submit your paperwork along with the required payment and wait for it to be reviewed and stamped.

4. Attestation by the Embassy

After MOFA has attested to your documents, the last step is to have the embassy of the nation where you intend to use the documents confirm with them. In order to do this, you must submit your paperwork along with the required payment and wait for it to be reviewed and stamped.

You are always recommended to enlist the aid of a reputable and knowledgeable Commercial Attestation Service provider like BMS Auditing to make sure your important documents are properly verified and processed by professional and certified experts.

Commercial Document Attestation Service Provider in UAE

Want to take your company global? Simply consider BMS Auditing! We provide exceptional Commercial Attestation Services in UAE to assist companies like yours in obtaining legal acceptance for their commercial documents in the UAE and globally.

The attestation of all kinds of business documents, such as contracts, certificates, and agreements, is something that our expert team can help with. You can make sure that your documents are accepted legally in all the nations where you intend to conduct business with our help.

We also provide a variety of other financial services to meet all your business needs, so that's not all. Why then wait? To find out more about our Commercial Attestation Services and how we can help your company succeed globally, get in touch with our Commercial Attestation providers in UAE right away.

BMS Auditing Commercial Document Attestation Services in UAE assist you in getting your Commercial Business related documents attested by pr

Mergers and Acquisitions Services in UAE By BMSAuditing

BMS Auditing offers end-to-end M&A advisory services, from strategy development to post-deal integration. Let us help you navigate mergers, acquisitions, and corporate restructuring in the UAE.

BMS Auditing is a well-known name in the business advisory sector. With total exposure and the ability to manage the most complicated types of financial transactions, our supremacy in the sector has helped us reach one of the most trusted firms for leading through the intricacies of mergers, acquisitions, disposals, and corporate restructuring. We ensure value-driven solutions that are well-suited to build business growth and development.

With the immense wealth of knowledge available in local and international markets, we offer holistic solutions to businesses involved in M&A by structuring strategy before the deal, effective execution during, and smooth integration after the deal to garner maximum value and synergies. Our approach aids in smooth transaction-making, and risk abridgment and provides long-term value generation for all stakeholders.

Why BMS Auditing for M&A Services in UAE?

With MAGIC Group (Mergers & Acquisitions Grid for International Cooperation), our firm is equipped with the best international capabilities and resources. This network will strengthen your chances of delivering efficient cross-border M&A solutions, providing advanced technical tools, business development support, and plenty of network banking and legal professionals for the best deal.

Our M&A professionals develop from a richly diverse set of backgrounds with experience that includes corporate finance and valuation strategies as well as deal execution. We combine these capabilities with insights into industries and local knowledge to help you seize growth opportunities through mergers and acquisitions.

What Do Our M&A Services Offer

Employing end-to-end M&A advisory services throughout the entire lifecycle of a transaction, BMS Auditing provides comprehensive coverage of all service styles, from strategy formulation in the initial stages to post-deal integration and value capture.

Strategic Fit Assessment: Analyzing the compatibility of businesses to ensure a transaction that fits with your strategic objectives.

Deal Analysis: Comprehensive evaluation of all aspects of the transaction to help make informed decisions.

Project Management: Here, we would have dealt with the entire process of deal-making with end-to-end timelines to ensure the processes were working as they should be.

Deal Structuring: Advisory help is provided for the best structure for the deal, which would include the available modes of financing methods and terms that ensure the highest transaction value.

Process Monitoring: Ongoing observance of the entire process for the transaction ensures that it is executed in the most efficient manner possible, reducing risk points.

Legal Help: We prepare all legal documents: non-disclosure agreements, memorandums of understanding, and definitive agreements.

Negotiation Assistance: We offer strategic advisory assistance on the negotiation strategy so that you get the best deal possible from potential buyers or sellers.

Our Step-by-Step Approach to M&A Includes the Following:

Tailored Strategies: Developing M&A Strategy Integration strategies tailored to your business needs.

Ranking of Potential Sellers/Buyers: Consultation on best acquisition targets or buyers.

Preparation of Information Memorandum: Preparation of comprehensive documents that will present your business to the involved party, clear and persuasive.

Assessment of Preliminary Interest: Contacting the potential sellers or buyers to verify their interest and qualifications.

Advisory Service in Negotiation Strategy: Expert consultancy on the techniques and strategies in negotiating deal value.

Due Diligence: Accompanying the due diligence process and providing ancillary advisory support for review of all material aspects related to the transaction.

Document & Agreement Drafting Assistances: Assis. in preparing essential documents regarding the transaction, such as offers, MOUs, and closing agreements.

Financing Arrangement & Negotiations: Aids in developing concepts for financing methodology as well as structuring negotiations.

Press Releases & Disclosure: Preparing any official announcements through press releases and other public disclosures is required.

Transaction Closing Management: Monitoring and managing the final stages of the deal to ensure that it closes out without a hitch.

Why M&A Advisory Matters

One of the significant milestones in a company's growth strategy is mergers and acquisitions. Navigating these transactions alone can be complex and a very high-risk exposure. At BMS Auditing, we coalesce financial insight, legal expertise, and industry knowledge to make you realize successful transactions that build sustainable value. Whether you want to acquire, divest, or restructure, we help you know what tools, strategies, and support you will need for your success in the competitive UAE market.

Trust BMS Auditing to be that one trusted partner in letting you maximize the value of your M&A transactions. Contact us today for more information on how we can help you unlock opportunities and drive sustainable growth.

BMS Auditing offers end-to-end M&A advisory services, from strategy development to post-deal integration. Let us help you navigate mergers,

Ultimate Beneficial Ownership (UBO) UAE / BMSAuditing

Ultimate Beneficial Ownership (UBO) is a natural person who owns or controls a company, trust, or legal entity, and benefits from its assets and profits. It is the real person behind a legal entity, who ultimately exercises control over the entity, whether directly or indirectly.

UAE recently replaced Cabinet Decision No. 34 of 2020 with Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures Related to Real Beneficiaries (“Decision”). Ultimate Beneficial Ownership (UBO) intends to enhance the transparency of UAE-registered entities. It also plans to develop effective and sustainable executive and regulatory mechanisms and procedures in respect of beneficial owner data and improve implementation to ensure International Compliance and global confidence

Electronic money institutions are subject to the law on the prevention of money laundering and the financing of terrorism under which they must satisfy client identification obligations. One such obligation consists in identifying the Ultimate Beneficial Owners (UBO) of their clients. BMS Auditing is offering the best management consulting in UAE by covering the full scope of UBO in UAE.

Objective of Ultimate Beneficial Ownership

In the UAE, companies are required to disclose their ultimate beneficial ownership information to relevant authorities as part of the government's efforts to combat money laundering, terrorist financing, and other illicit activities. The Regulations require companies licensed or registered in mainland UAE or one of the commercial-free zones to create and maintain a register of their ultimate beneficial owners and to submit UBO information to the Registrar.

The objective of the Regulations is to regulate the requirement for corporate entities to maintain registers listing

the UBOs

the partners or shareholders of a company

where applicable, nominee directors.

According to the new resolution, companies licensed or registered in the UAE (excluding in the financial free zones) must create and maintain a register of their Ultimate Beneficial Owner (UBO) Declaration and should submit UBO data to the relevant registrar or licensing authority (“Registrar”).

The regulatory authorities require companies to maintain accurate and up-to-date records of their UBOs, which should include details such as the individual's name, nationality, address, and percentage of ownership. The disclosure of UBO information is important for transparency and accountability and helps prevent the misuse of companies for illegal activities. It also helps financial institutions and other businesses to assess the potential risks associated with their clients and business partners, and take appropriate measures to mitigate those risks.

What are the Exceptions of Ultimate Beneficial Ownership?

The Regulations do not apply to companies that are directly or indirectly wholly owned by the federal or local government or their subsidiaries, as well as companies that are registered in the financial free zones in the UAE, namely the Abu Dhabi Global Market and the Dubai International Financial Centre.

Ultimate Beneficial Owner (UBO) Declaration

The Regulations define UBOs as:

Whoever owns or controls, through direct or indirect ownership, at least 25% of the entity’s shares or whoever has a voting right of at least 25 percent of the shares.

If no UBO is identified in accordance with the above, or there is any doubt that any natural person identified as a UBO is the true UBO, the natural person who exercises control over the entity through other means will be considered as the UBO.

If none of the conditions above are met, then a natural person who is responsible for the senior management of the entity will be considered as the UBO.

Certain information must be included in the register of UBOs. This includes without limitation, the name, nationality, place of birth, residential address, and travel ID card number (and date of issuance and expiry) of the UBO. The reason why the individual is classified as a UBO and the date on which the person became a UBO or ceased to be a UBO (if applicable) must also be provided.

The requirement to maintain a register of UBOs does not apply to entities that are owned by:

Company listed on a recognized stock exchange that is subject to disclosure requirements that ensure sufficient transparency of its beneficial owners;

Company wholly owned by such a listed company. The Regulations do not provide further information on recognized stock exchanges.

Partners & Shareholders

For the register of partners or shareholders, a company must maintain the details of its partners or shareholders as set out in the Regulations and update such register with any change occurring within 15 days from the date of the change.

The register of partners or shareholders must include certain information, including without limitation, the number of shares held by each partner or shareholder, the voting rights attached to such shares, and the date of acquisition of shares by each partner or shareholder. Information on each partner and shareholder (whether a natural or legal person) listed in the register must also be provided as set out in the Regulations.

The register of partners or shareholders must also include information on any partner or shareholder acting as a “trustor” or “nominee board member.” The Regulations define a “trustor” as a natural or legal person who transfers the management of their funds to a trustee by virtue of a deed.

Deadlines for the submission of Ultimate Beneficial Ownership (UBO)

The filing deadline of the register of UBOs and the register of partners or shareholders of existing entities is June 30, 2022 or at the time of incorporation/registration of a new entity. The Registrar may request additional information beyond that required in the Regulations.

How BMS Auditing can help?

Current Status Overview

Assistance in UBO Registration

Regular Review

Management Consultancy related to UBO declaration

Maintenance of UBO register

UBO record maintenance

Our auditing firm produces outstanding and distinctive audit reports, and we provide a wide range of professional auditing and accounting services & bookkeeping services to meet the needs of various business clients, including:

Statutory Audit

DMCC Approved Audit

Business Setup

Bank Account Opening

Company Liquidation

Liquidation Audit

Forensic Audit

Audit in Free Zones

Due Diligence Audit

Accounting Services

Ultimate Beneficial Ownership (UBO) is a natural person who owns or controls a company, trust, or legal entity, and benefits from its assets

Anti Money Laundering (AML) Compliance / BMSAuditing

Anti Money Laundering (AML) compliance services help businesses uncover suspicious activity associated with criminal acts, including money laundering and terrorist financing. Businesses are facing intense pressure from increasing regulation and investigations by international and local authorities, prompting extensive reviews, audits and litigation.

Whether dealing with an urgent issue or addressing compliance more broadly, organizations need to have comprehensive programs in place to address their risks of non-compliance with local and international laws, rules and regulations and internal company policies and procedures. BMS Auditing has assessed AML and combating the financing of terrorism (CFT) procedures in the UAE. Our team combines local and international experience and knowledge and comprises a group of professionals who possess a unique combination of skills and competencies pertinent to AML, CFT, sanctions and compliance.

Whether assisting a financial institution proactively seeking to improve its program or reactively responding to a regulatory order, we provide assistance to address many areas of AML/CFT program improvement sought by the financial community in today’s marketplace.

AML Compliance

BMS is providing Anti-Money Laundering (AML) compliance services in UAE with a specific focus on the UAE market. We are dedicated to improving the compliance of businesses in UAE with all the relevant anti-money laundering consulting and combating the financing of terrorism by proper enforcement of rules and regulations. You get total peace of mind when you know your anti-money laundering compliance is handled by BMS Auditing. We take away your AML compliance burden with our AML consulting services to help you focus on your business.

Looking for AML Compliance Services?

Our anti-money laundering (AML) monitoring and investigations services in UAE help deliver meaningful, data-driven insights and skilled resources to identify suspicious financial activity more quickly and accurately, reduce the quantity of false positives, and improve the efficiency of your AML processes.

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Our range of services includes:

AML Policy and Procedures

Designing, Reviewing, and updating AML / CFT Policy and Procedures

Drafting of AML/CFT Policy and Procedures Manual

Review and updation of existing AML /CFT Policy and Procedures

Drafting of Anti-Bribery and Anti-corruption Policy

Risk Assessment and Risk Profiling

Review of customer risk assessment methodology

Assisting in the development of a customer risk assessment model considering NRA guidelines

Assisting in preparation of Risk Register - Risk identification and mitigation

AML/CFT Health Check

Gap Assessment

Periodic review of onboarding documentation and transactions

AML IT Systems

Assistance in the selection of appropriate AML/CFT software

Conduct software demos

Review of existing core solutions, risk profiling, screening, and monitoring software solutions

Compliance Assistance

Assistance in registration on the GoAML Portal

Guidance to AML Compliance Officer for performing his day to day function

Assistance in conducting ED for High-risk customers

Assistance in the preparation of statutory reports

Assistance in Screening of customers and counterparty

Conducting Audits/reviews as per statutory requirements

Assistance in the preparation of documentation standards

IDENFO Certified Anti Money Laundering Services

IDENFO is an esteemed accreditation body that evaluates auditing firms to ensure they meet professional, competent, and ethical standards. BMS Auditing is an auditing firm with offices in Dubai, Abu Dhabi, Bahrain, Oman, Saudi Arabia, Qatar, USA, UK and India that is directly verified by IDENFO and is well-equipped to offer a range of Anti-Money Laundering (AML) services to its clients.

In addition, BMS Auditing can provide ongoing AML monitoring and testing to ensure that an AML program of any business remains effective and up-to-date.

Our auditing firm doesn't stop with accredited AML Services but also produces outstanding and distinctive audit reports, and we provide a wide range of professional auditing and accounting services to meet the needs of various business clients, including:

Statutory Audit

DMCC Approved Audit

Business Setup

Bank Account Opening

Company Liquidation

Liquidation Audit

Corporate Tax Audit

Forensic Audit

Audit in Free Zones

HR & Payroll

Accounting Review

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