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Finance and Accounts

Liquidity and Solvency are the two factors that govern the longevity of any business, whichever part of the world you are in. A strong balance sheet but without adequate liquidity over a prolonged period and you could see your business move from one crisis to the next will forever be a firefighting operation. This is where Zabeel International Management Consultants can help you. We look at your Business plan, map out your short-term and long-term requirements and approach banks and other financial firms to secure those short-term and long-term cash flow resource gaps. For this, you must have a solid accounts/finance team, yearly Audited financials, and a well-prepared Strategic plan and Budgeting process, which we can set up / structure for you.

We also provide the following back-office support:

  • Bookkeeping
  • Accounting
  • Financial statements and arranging of Audits through our Audit partners
  • A/R and A/P management support
  • VAT advisory/consulting, filing of returns.

What do you gain?


  • Hassle-free handling of back office function by a professional team
  • Outsource Bookkeeping and Accounting means that you can focus on activities that matter the most: securing the Top line (Revenues)
  • No investment in visa costs, insurance, or other EOS costs such as gratuity, vacation pay, etc.
  • Entire back office outsourcing to us means you save 50 to 60% costs than having your team


In short, Zabeel will provide quality services at a minimal cost. Interested, do write to us or contact us at the earliest.

Our team:

Baiju Narayanan, CMA…

Finance / Banking Consultancy

Looking to set up a bank account? Or having set up the Company but looking for traction, that is, growth? Looking for banking facilities but not able to break through?

We will look at your existing business profiles, connect with banks and structure the best possible arrangement for you.:

  • Opening a Corporate Bank account (refer below)
  • Look at Funded facilities
  • Non-funded facilities such as L/C’s, Guarantees, and Trust receipts.
  • Factoring, depending on your Debtor / Ageing profile.
  • Cash flow projections, thereby identifying “gaps” in the business , Identifying potential Liquidity / Solvency issues before they hit you, and suggesting remedial measures.

For this purpose, we do the following:

  • Strategic plans (3 to 5 to 10-year projections) to be presented to the bank;
  • Business plan(s) for the short term;
  • Not done audits? We will help you with this.
  • And all other documentation to make it “Bank ready” before approaching the bank and even after, depending on the bank’s due diligence process.

Back to the opening of bank accounts: We assist in setting up Corporate bank accounts, both set up in the mainland and the Free Zones. The due diligence process followed by the banks is different: For the free zones, the process is more stringent, especially when it is a new setup, and the Central Bank guidelines have to be adhered to. This is where we come in: We talk to various banks mapped based on your requirements and coordinate the process for you.

Depending on the license type, company profile, and nationality, it may take between one to four weeks to set up a Corporate bank account, and we will be with you throughout the process. Although this will be guided by the Bank’s internal policy and the rules laid down by the Central Bank of the UAE, we will assist you in getting over this process.

Setting up a Corporate bank account will require the following documentation:

  • Company Trade License;
  • Share certificate in case of a free zone company;
  • Memorandum / Articles of Association
  • Office Lease Agreement
  • Passport copy, Emirates ID, and Residence visa of the Shareholder and Manager (if different from the Shareholder)
  • Proof of source of funds
  • Business plan (if requested)

Further, we can assist your staff/employees/associates in setting up individual (salary) accounts (personal accounts). This should take about one to two weeks, depending on the nationality.

In short, come to us if you need to save time, as we are well aware of the documentation requirements.

In addition, we undertake the following:

  • Project feasibility studies: Planning to set up a new hospitality venture? Come to us, and we will provide you with a detailed feasibility report
  • Company formation
  • Setting up of SOPs/policies and procedures
  • Process review
  • Internal controls
  • Back office support: Accounting & bookkeeping outsourcing
  • VAT  Registration, filing of returns, and payment.

Do look at our other info tabs for more.

The team? Here is the profile of our management consultancy head:
Baiju Narayanan, ……

Accounts & Bookkeeping

Zabeel now opens the door for professional, hassle-free outsourcing of your accounting back office. Whether you are planning to set up a new entity in UAE and are looking for a team to set up and manage the accounting function for you from scratch or are an existing business setup that needs to downsize its accounts team or outsource it entirely, our team will do this seamlessly, thereby enabling you to focus on your core strength: Building your business.

For new Companies, We help:

  • Review your accounting needs and zero down on the most effective accounting system that is required to be deployed for a business of your size;
  • Takes into consideration possible scales that may be needed in the future;
  • Set up your entire accounting package, right from the Chart of Accounts to start your back office functions;
  • Help you set up your bank account with a banking partner best suited to your needs (Refer to Finance / Banking for further details);
  • Advise you on when to complete/do your VAT registration process as per FTA requirements;
  • Do the VAT registration process and filing of VAT returns;
  • Do the entire bookkeeping for you;
  • Prepare Business plans (Strategic) as well as Budgets as per your plans;
  • Compile an MIS suited to your reporting needs;
  • Finalize the financial statements: Your B/S, Income statement, Equity statement, and Cash flow statement;
  • Handle audits through our professional panel of auditors.

All this is done with a fantastic value-for-money package with the highest professional competence.

There will be a selected team who will service your requirements. This, again reiterating, will:


  • Reduce your investment in employees/associates. By having an utterly outsourced desk, you save on visa costs, emirates id expenses, medical insurance, and other incidental costs;
  • The selected team will be constantly trained on the current accounting practices and other industry requirements, utilizing our in-house training division, which means zero training costs for you;
  • As stated above, there is no need to look for another VAT consultant; we will do that in a house for you as part of the package;
  • Data security: If required, we can even provide an IT consultant who can look into your data needs, provide solutions (such as having your data server), and implement/do the needful.


A hassle-free, theoretically 24/7 solution to your accounting, bookkeeping, and auditing needs enables you to grow your business and leave the back office worries to us.

Our team:

Baiju Narayanan, Member of CMA (IMA, USA). His profile in brief:
Mark Demonteverde, IT consultant. His profile in brief:


UAE is now part of the VAT-implementing countries, the others being Saudi Arabia (KSA) and Bahrain. UAE and Saudi Arabia implemented VAT from 01 st January 2018, and Bahrain joined later, from 01 st January 2019.

So what changed for businesses?

  • Ensuring that all requirements of the Federal law relating to VAT are complied with;
  • Increase in back office costs;
  • Streamlining of record keeping;
  • More importantly, having a VAT consultant, advisor, or in-house associate who understands the law without risks of penalties due to non-adherence.

This is where Zabeel’s management consultants come in. We look at every aspect of your business, right from Invoicing to delivery to collections, and ensure that not only are you in compliance with the VAT law but also all aspects, starting from documentation to filing of returns and payment of VAT, are taken care of, thereby freeing up your time to focus on things that you can do better.

With the implementation of VAT in UAE, many aspects need to be clearly understood from a business standpoint:

  • When do you register for VAT?
  • What is a standard-rated supply?
  • Which is an exempt supply?
  • Which is a zero-rated supply?
  • Industry-specific implementation of VAT. For example, you own both a commercial property and residential property or a property part of which is for
  • commercial use and another for non-commercial (residential) service, then how will you implement the VAT process?
  • How each of the above is different from the others? What happens if your business has a combination of supply? For example, you supply both
  • standard-rated goods or services and also goods/services which are exempt?
  • What happens if your business is in one of the designated free zones? How do you treat your supply of goods and services or import or export that is different from the mainland?
  • What if you are in a free zone but in a non-designated one? How will this be different from a designated free zone?
  • At what point do you pay VAT?
  • What happens if you are importing from a VAT-implementing state such as KSA or Bahrain?
  • How is the treatment when you export to a registered VAT customer in a VAT-implementing state? What if he/she is not registered for VAT in the implementing state?
  • What is the concept of Time of Supply?
  • What is the concept of Place of Supply?
  • What software / ERP should you use?
  • What information do you need to file VAT returns?
  • How do you pay for VAT? What are the modes of payment available to you?
  • What are the administrative penalties for non-compliance with the VAT law?

Worried after reading the above? Don’t be. We at Zabeel know the answers to the above questions and more. Please leave it to us and take care of the topline and bottom line!!

Not only VAT, In addition, but we also undertake the following:

  • Project feasibility studies: Planning to set up a new hospitality venture? Come to us, and we will provide you with a detailed feasibility report
  • Setting up of SOPs / policies and procedures
  • Process review
  • Internal controls
  • Back office support: Accounting & bookkeeping outsourcing






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