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Wafeq Accounting Partners

Company Formation Services in KSA and UAE

Virtuzone logo

Platinum Partner

Virtuzone

Virtuzone is the UAE’s first and largest company formation specialists and an award-winning corporate service provider. Established in 2009, Virtuzone has set up the companies of more than 80,000 entrepreneurs from 180 countries. With over 250 staff members speaking 40 languages, Virtuzone provides end-to-end company formation and corporate services, ranging from trade license and visa processing to bank account opening, tax consultancy, compliance, accounting, legal services, and more. Virtuzone—and its sister companies Taxready.ae, Next Generation Equity and MAKTABI—are now part of Ascentium, a Singapore-based global business services platform supporting over 20,000 active clients across 25 cities and nine markets in the Asia Pacific (APAC) region.

BookkeepingVAT ReturnBank ReconciliationAudit SupportPayroll ManagementCompany Formation
Evolve Tax logo

Platinum Partner

Evolve Tax

Dubai/Sharjah
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BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
ألفا برو كونسالتينغ م.د.م.س Alpha Pro Partners logo

Platinum Partner

ألفا برو كونسالتينغ م.د.م.س Alpha Pro Partners

We are a Bookkeeping firm that specializes in supporting small business and start-ups in the UAE and Saudi Arabia to grow and succeed.

BookkeepingVAT ReturnBank ReconciliationPayroll ManagementCompany Formation
Deyaar Alkayan United Co. Ltd logo

Platinum Partner

Deyaar Alkayan United Co. Ltd

Jeddah

Specialists and professionals in all zakat and tax consultations, financial statements, and the restructuring of financial and administrative systems for companies and institutions. We provide financial solutions for businesses and organizations, specializing in auditing and reviewing accounts, restructuring them, and offering solutions to improve company performance. We also prepare and submit financial statements to the Zakat Authority’s website and deposit financial reports through the *Qawaem* platform of the Ministry of Commerce via the Saudi Business Center. This automated submission of financial statements enables the creation of a future database to assist relevant parties in monitoring and planning. We provide comprehensive solutions to enhance corporate performance.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
Mizan Accounting | ميزان للخدمات المحاسبية logo

Platinum Partner

Mizan Accounting | ميزان للخدمات المحاسبية

Riyadh - Jeddah - Dammam
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Mizan is a specialized accounting firm offering remote accounting services. Mizan provides comprehensive solutions for managing the financial accounts of businesses, allowing business owners to focus on growing their businesses instead of dealing with financial details. Mizan's services include financial reporting, managing accounts payable and receivable, bank reconciliations, and ensuring compliance with tax and financial regulations. With a team of professional accountants and modern technology, Mizan guarantees high accuracy and efficiency in all its accounting services.

BookkeepingVAT ReturnBank ReconciliationPayroll ManagementCompany Formation
CLA Saudi Arabia شركة سي ال ايه للاستشارات المهنية logo

Platinum Partner

CLA Saudi Arabia شركة سي ال ايه للاستشارات المهنية

الرياض - الدمام - جده
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It is a global network of member firms connected through a unified membership structure, offering consulting services in accounting, auditing, taxation, and advisory. The network supports companies and institutions in navigating the challenges and complexities of both global and local business environments, enabling them to capitalize on opportunities in capital markets, overcome obstacles, and enhance their performance. The network traces its roots back to 1953, when its first firm was established in the United States, giving it a professional legacy of more than seventy years of expertise and leadership in delivering high-quality financial, accounting, and consulting services. The network serves as an international platform for professional excellence and global integration, bringing together a select group of highly competent independent firms across multiple countries to provide comprehensive professional services grounded in deep knowledge and international standards. "

BookkeepingVAT ReturnBank ReconciliationAudit SupportCFO servicesTax servicesCompany Formation
Finanshels Accounting Technologies FZ LLC logo

Platinum Partner

Finanshels Accounting Technologies FZ LLC

Finanshels is a technology-driven financial management firm based in Dubai, specializing in bookkeeping, tax preparation, and CFO services tailored for startups and small to medium-sized enterprises (SMEs). Our mission is to simplify financial management for businesses through a technology-first approach, providing tools and resources that enable founders to manage their finances seamlessly. Finanshels offers real-time insights into financial health, allowing business owners to focus on growth and strategic decision-making.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
AJ Corp Businessmen Administrative Services logo

Gold Partner

AJ Corp Businessmen Administrative Services

AJ Corp is a UAE based corporate service provider providing B2B and B2C services.​ Our approach goes beyond standard corporate administration, offering personalized guidance that blends technical expertise with strategic insight. By combining deep industry knowledge with an unwavering commitment to confidentiality, efficiency, and precision, we ensure that every structure we design and every service we deliver reflects the unique objectives of our clients.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
JAZAA FOR MANAGEMENT CONSULTANCIES logo

Gold Partner

JAZAA FOR MANAGEMENT CONSULTANCIES

Jazaa Business Services is a boutique business consulting and strategic advisory firm with 10+ Years of Experience. We are a team of skilled professionals bonded by the desire to help entrepreneurs convert their ideas into executable and scalable plans. We help you scale faster. The team consists of financial and analytics experts who have very strong academic backgrounds and varied industry experiences. We have a very high level of ethical and moral commitment in all our business practices and robust corporate governance. We are proud of our long list of clientele from across the globe including U.S., Europe, and Australia. The passion, enthusiasm, and the will to perform and delight our clients is unmatched. We strive to surpass even the highest expectation of our clients in terms of quality of work.

BookkeepingVAT ReturnBank ReconciliationAudit SupportPayroll ManagementCompany Formation
Naser Al-Kanhal - Keep Company For Accounting Consultancy logo

Gold Partner

Naser Al-Kanhal - Keep Company For Accounting Consultancy

We are an accounting and tax consultancy firm offering bookkeeping services, accounting supervision, and preparation and submission of tax returns for businesses.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
Margin365 Solutions Company logo

Gold Partner

Margin365 Solutions Company

Dammam - Al Khobar - Jubail- Abqaiq

A professional financial consulting firm dedicated to delivering reliable, compliant, and value-driven solutions for businesses. We specialize in accounting, financial reporting, tax & zakat compliance, internal controls, and business advisory services. Our approach combines technical expertise with practical insight to help organizations maintain financial clarity, ensure regulatory compliance, and make informed strategic decisions.

BookkeepingVAT ReturnBank ReconciliationAudit SupportPayroll ManagementCompany FormationTax services
Wail Khalid Abonar Company | شركة وائل خالد ابونار للاستشارات المهنية logo

Gold Partner

Wail Khalid Abonar Company | شركة وائل خالد ابونار للاستشارات المهنية

Jeddah- Al Madinah Al Munawarah - Riyadh
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Specialists, licensed and pioneers in providing zakat, tax, administrative and financial services, solutions and consultations. We strive to meet our clients’ needs efficiently and effectively by adhering to the highest professional standards to minimize risks and provide sustainable and integrated solutions for all sectors throughout the Kingdom of Saudi Arabia."

BookkeepingVAT ReturnBank ReconciliationAudit SupportCFO servicesTax servicesCompany Formation
قوائم محاسب Qawaem Mohasib logo

Gold Partner

قوائم محاسب Qawaem Mohasib

Everything your business needs financially and accounting-wise in one package: Preparation of financial statements - Customized financial reports - Preparation and submission of tax and Zakat returns - Filing financial statements via the Qawaem Platform (Ministry of Commerce) - Direct support from 3 expert accountants through a dedicated WhatsApp group throughout the day - Organized electronic archiving of all your financial documents. #YourSmartAccountingOffice

BookkeepingVAT ReturnBank ReconciliationAudit SupportPayroll ManagementCompany Formation
Emrys Global UAE logo

Gold Partner

Emrys Global UAE

Emrys Global is a UAE-based accounting and business advisory firm specializing in *VAT, **Corporate Tax, **AML compliance, and **Audit* services. We deliver accurate bookkeeping, financial reporting, and business setup solutions tailored to your needs. Our expert team ensures compliance with UAE regulations while optimizing your tax strategy, strengthening internal controls, and supporting growth. Trusted by entrepreneurs and corporations alike, we combine professionalism, transparency, and efficiency to help businesses succeed.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
Focus Business services logo

Gold Partner

Focus Business services

A business incubator that provides bookkeeping services, tax filings, bank reconciliations, payroll processing, company formation for both local and foreign entities, as well as HR services.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
Sanctoras Private Tax Consultant LLC logo

Gold Partner

Sanctoras Private Tax Consultant LLC

Sanctoras Group is a specialist firm of accountants and tax advisors with offices in both the GCC and the UK, working with clients in over 50 countries worldwide. We specialise in working with cross-border businesses; companies moving to the UAE and KSA; family offices; and multinational groups.

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
شركة قويم للاستشارات المهنية - Qawim for professional consulting logo

Gold Partner

شركة قويم للاستشارات المهنية - Qawim for professional consulting

Providing consulting in the Financial, Accounting and administrative fields for various sectors

BookkeepingVAT ReturnBank ReconciliationPayroll ManagementCompany Formation
BookRobo Accounting and Bookkeeping Services بوكروبو logo

Gold Partner

BookRobo Accounting and Bookkeeping Services بوكروبو

We are an accounting, bookkeeping and tax services company based in Dubai UAE. We have been in the market since 2003 so understand the local market challenges and requirements very well. We provide complete outsourced accounting and bookkeeping services for startups and SMEs, ensuring proper recordkeeping, legal and tax compliance for our clients. We work as the accounting department for our clients so they do not need to hire an in-house accountant or supervise them which is cost efficient and effective.

BookkeepingVAT ReturnBank ReconciliationAudit SupportPayroll ManagementCompany Formation
شركة مقدار لخدمات المحاسبة logo

Gold Partner

شركة مقدار لخدمات المحاسبة

Accounting services

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
MUBARK & ELSADIG Accounting  & Bookkeeping logo

Gold Partner

MUBARK & ELSADIG Accounting & Bookkeeping

BookkeepingVAT ReturnBank ReconciliationAudit SupportCompany Formation
...

Company Formation for businesses in KSA and the UAE

Starting a business in Saudi Arabia or the UAE involves more than registering a name. The entity type, jurisdiction, and ownership structure you choose on day one shapes your tax obligations, banking relationships, and compliance requirements for years.

Frequently asked questions

What is the most common business structure for SMEs in Saudi Arabia?

Most SMEs set up as a Limited Liability Company (LLC) registered with the Ministry of Commerce. Foreign investors can hold up to 100% in most activities. The process involves obtaining a CR, municipality approval, and VAT registration with ZATCA once revenue exceeds SAR 375,000.

Free zone vs mainland in the UAE — which is right for me?

Free zone companies allow 100% foreign ownership and faster setup, but can't trade directly with UAE mainland customers without a local agent. Mainland companies trade freely across the UAE. The right choice depends on your clients, licensed activities, and growth plans. A formation specialist maps this out for you before you commit.

How long does company formation take in KSA vs UAE?

Saudi LLC formation typically takes 2–4 weeks including all registrations. UAE free zone setup takes 3–7 business days for standard activities; mainland setup takes 1–3 weeks. Bank account opening adds 2–4 weeks in both markets.

Do I need an accountant during formation or just after?

Both. During formation, an accountant helps you structure the entity for tax efficiency, set up your chart of accounts correctly, and register for VAT at the right time. Fixing structural issues retroactively is significantly more expensive than getting them right from the start.

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