What are the first accounting basics to set up when starting a new UAE company?

Before you issue your first invoice, you need: a chart of accounts suited to your activity, a bank account fully separate from your personal one, and an accounting system (even a simple one) where you record every transaction as it happens, not at month-end. The law requires keeping accounting records for at least 7 years, so getting organized from day one saves you the search when the FTA asks for an old document.

The other thing new business owners tend to delay wrongly is checking whether they're within scope for mandatory VAT registration (AED 375,000) and corporate tax (mandatory for almost everyone regardless of size) from the start, so they don't get caught by a missed registration deadline. At RASEEKH, we build your accounting and tax foundation from month one, not after the company has grown and reorganizing becomes expensive.