General Questions
What services does Elysian Consulting Group offer?
Elysian Consulting Group offers a comprehensive range of corporate advisory services including Corporate Tax Compliance, VAT Advisory, Audit and Assurance Services, Accounting Services, E-Invoicing, UAE Company Formation, and strategic business consulting for companies operating in the UAE.
Who can benefit from Elysian Consulting services?
Our services are designed for businesses of all sizes from startups and SMEs to large corporations operating in the UAE. Whether you are setting up a new business, seeking tax compliance assistance, or need ongoing financial advisory support, we can help.
Where is Elysian Consulting Group located?
Our office is located at Burjuman Business Tower, Office No: 003, S2, Burjuman, Khalid Bin Al Waleed Rd, Al Mankhool, Dubai, UAE. We serve clients across all Emirates and major UAE Free Zones.
Corporate Tax
What is UAE Corporate Tax and does it apply to my business?
The UAE introduced a federal Corporate Tax at a standard rate of 9% on taxable business income exceeding AED 375,000. It applies to businesses conducting commercial activities in the UAE. Qualifying small businesses with revenue below AED 3 million may benefit from Small Business Relief provisions.
When did UAE Corporate Tax come into effect?
UAE Corporate Tax became effective for financial years starting on or after 1 June 2023. Businesses with financial years beginning on 1 January 2023 were required to comply from 1 January 2024.
How can Elysian help with Corporate Tax compliance?
Our qualified tax consultants will assess your business structure, determine your tax obligations, assist with Corporate Tax registration with the Federal Tax Authority (FTA), prepare and file your Corporate Tax returns, and provide ongoing advisory to minimize tax liability while remaining fully compliant.
VAT
Is my business required to register for VAT in the UAE?
Businesses with taxable supplies and imports exceeding AED 375,000 per annum are required to register for VAT mandatorily. Voluntary registration is available for businesses with supplies exceeding AED 187,500. We can assess your eligibility and handle the registration process on your behalf.
What VAT services does Elysian offer?
We provide end-to-end VAT services including VAT registration, VAT return preparation and filing, FTA audit support, VAT health checks, and advisory on VAT planning and compliance.
Company Formation
What types of business structures can Elysian help me set up in the UAE?
We assist with setting up Mainland Companies (LLC, sole establishments), Free Zone Companies across all major UAE Free Zones, and Offshore Companies. We guide you through the entire process from license selection to bank account opening.
How long does it take to set up a company in the UAE?
Company formation timelines vary by structure and jurisdiction. Mainland companies typically take 1-3 weeks, while Free Zone setups can be completed in as little as 3-5 business days in many Free Zones.
Audit and Assurance
Is an audit mandatory for my UAE business?
While not all businesses are legally required to have their accounts audited, certain entities including companies registered under specific Free Zone authorities, banks, insurance companies, and companies above certain revenue thresholds are mandated to undergo annual audits.
Contact and Engagement
How do I get started with Elysian Consulting?
Simply reach out to us via our Contact Us page, call us at +971 (0)4 XXX XXXX, or email info@elysianuae.com. Our team will respond promptly to discuss your requirements and recommend the most appropriate services for your business.
What are your working hours?
Our office is open Monday to Saturday, 9:00 AM to 6:00 PM. You can also reach us via the contact form on our website at any time and we will respond on the next business day.
