Auditing Services

We believe that our role as Accountants, Auditors and Advisers is to help our clients think and act long term for their business growth.

Even though annual audits are not statutory, it still has the potential to provide with a wide range of significant advantages. A financial statement audit can assist your business with an in-depth analysis of the financial status and along with it, it will give a good indicator of its performance. By strengthening the credibility of your business, a right outsourced Audit service can help to create a clearer picture of how the capital can be sustained and managed.

At MAGAS, we study your financial statements and showcase you with an independent report as to whether the status is accurate, complete or relevantly presented. The most essential outcome of our auditing service is the report we create along with recommendations which help you with the best opinion on the quality of decision making, businesses risk management process and the internal controls.

Our Approach

A focus on studying and understanding your business activities We focus on risks generated by business activities Constant, timely and appropriate dialogue Our structure depends on the scope of work of your business. We have it detailed as follows…

Internal Audit: This includes Monitoring, analyzing and assessing the risks and controls of the organization External Audit: This includes auditing of the books of accounts and preparation of the audited financial statements

Our ideology is to provide a peculiar audit service in an economical and well-organized manner to every client; be it a small or large business. With the immense of knowledge and experience gained, we understand that every business is unique and have discrete priorities and we customize our service delivery to meet individual client needs.

Our Focus is YOUR BUSINESS

Your assets remain secured We suggest the most operative business modules Build a hassle-free environment Raise your cash flow Assurance of transparency Accounting is a sensitive asset and to leave you with zero worries — we have skilled our practice on diligent communication and cooperation, discerning that we need to be flexible and creative to meet your individual needs. MAGAS aims to personalize the accounting services as per your business needs and this is achieved with a maximised use of technology tools. Our focus lies in delivering our professional services to a wide range of clients from a multiple category of industries.

We help build your business objectives with our variety of accounting services…

Taxation Services Business Preparation for VAT Financial Accounting for VAT Management Accounting KPI Monitoring Bookkeeping Cash flow Management Payroll Accounting MAGAS serves as a platform to work with Individuals, Partnerships, Businesses, SME’s, and Start-ups. Our financial experts consider your business affairs and recommend the right structuring choices. Considering asset protection, general wealth creation and tax minimisation, MAGAS provides Strategic Planning, Tax Services and Entity Structure Consulting Services.

Our accounting team is able to advise and assist you with…

Business Valuation for buying and selling Cash flow preparation Budgeting & forecasting Management Accounting Performance monitoring Business health assessments

MAGAS provides customized management consulting and business advisory services in order to execute a bona fide business strategy in relations to operations and finance. We implement advanced practices to deploy your business’s concealed capacity and support you to take crucial steps towards success. Our management consulting experts possess the functionality attitude and experience that your business requires. Allowing MAGAS to be your host for management consulting, will act as a great advantage to your business as we are skilled and have already studied your desired market.

Whether you own a start-up or an SME, our management consulting team lead in every business-oriented aspect. We drive reasonable and ascendable opportunities which are developed for beneficial reasons to help businesses establish a strong business structure and process. If you’re leading a start-up, we recommend strong management consulting to overlook the significance of the initial stages of business evolution. With our years of experience in business advisory services, we can be quick and rational in whether or not your SME will stand out of the box in the competitive market.

At MAGAS, we support our clients by helping them understand the strategic procedures which will set the seal on the success of their business.

Our Management Consulting and Business Advisory Services offer the following assistance…

Guidance in implementing various techniques for raising the business revenue and profit Analysis on supplier arrangements in order to shrink the costs Business planning and strategy to recognize the business goal Evaluating the market to develop various effective marketing motions Amplifying business’s pricing strategy and module Assessing and promoting the products and services KPI tracking and measuring the impact accordingly MAGAS embraces a highly-skilled team of consultants. Our management consulting experts have a vast range of experience across various industries and perceives the practical and beneficial factors. We can interpret the Do's and Don’ts with our business advisory services.

The business eco-system in the United Arab Emirates is dissected in two sectors – Onshore and Offshore.

The Onshore sector is mastered with regulations over foreign ownership and is ruled by the ideation of local business interests. The Offshore sector includes the Free Zones which are unlocked for the foreign investors. MAGAS, a one-of-its-kind platform supports the foreign investors to setup their business in Dubai’s free zone areas. While considering the company formation process, either for onshore or offshore, the tax system stays mute. What sets the Dubai free zones apart are the custom privileges and the 100% ownership of the foreign investors.

At MAGAS, we offer you with the A to Z company formation services you require to setup your business in the Offshore sector. We have listed down some of the Dubai free zone areas for you to choose the right fit…

Dubai Airport Free Zone Jebel Ali Free Zone Dubai Internet City Dubai Media City Dubai Biotechnology & Research Park Dubai Gold and Diamond Park Dubai Healthcare City Dubai International Financial Centre Dubai Knowledge Village Dubai International Academic City Dubai Logistics City Dubai Outsource Zone Dubai Silicon Oasis Dubai Studio City

And more… Setting up your business in one of the free zone areas, brings to the table a multiple incentive for the investors, they are…

100% Ownership No corporate tax charged for 50 years No personal income tax charged No currency regulations And more…

Setting up a business in the UAE, can be an enticing experience with multiple benefits but considering the risk factors, MAGAS strongly recommends you to have your business plan ready. We can make the entire company formation journey, quick and easy for you. Reach out to our experts and get a consultation for free.