Corporate Profile
FinXcel Company Profile
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Chartered AccountantsCompany Profile · 2026
We create value that matters
A professional services firm in Dubai delivering audit and assurance, taxation, accounting and financial reporting, risk and advisory services — built by practitioners from Big Four firms.
Contents
What's inside
Who we are
About us
Our synopsis
FinXcel is a professional services firm whose team carries cumulative professional experience of more than fifteen years from Big Four auditing firms — a leading practitioner of audit and assurance, taxation, accounting and financial reporting, risk and financial advisory services.
We are committed to our vision and mission by providing exceptional services that build trust and long-lasting relationships.
Our team & quality management
Our Chartered Accountants and multi-skilled staff work under the direct guidance of partners, ensuring responsiveness at the best standards of professional excellence, while staying current with standards, laws and regulations.
We are committed to the International Standards of Quality Management (ISQM) and follow the IESBA Code of Ethics at firm and engagement level.
1000+
Successful services
100+
Satisfied clients
Big 4
Trained staff
15+
Years of expertise
Our foundation
Vision, mission and core values
Vision
To become a client-centric firm where entities of all sizes can establish and maintain reliable, enduring business relationships.
Mission
To understand, meet and exceed our clients' expectations by standing out on cost and time effectiveness, while quality management remains intact.
Integrity
Communication built on trust and transparency.
Respect
Clients, employees and stakeholders treated with respect.
Objectivity
Judgments true and fair, free of bias or undue influence.
Professional competence
Current knowledge and skills in every service area.
Confidentiality
Information shared on a need-to-know basis only.
Professional behaviour
Background checks and continuous training for staff.
Our difference
Why FinXcel and our work approach
Why choose FinXcel
We place a multi-skilled team with relevant experience and the confidence to address associated challenges, so engagement objectives are achieved on time.
Right team
Experience matched to the engagement's needs.
Right experience
Lets us meet objectives on time.
Right approach
Proven effective in engagement management.
Our work approach
Client satisfaction is rooted in our culture; our partners and staff are committed to the following practices.
Quality advice
That creates value for our clients.
Client-centric services
Methodology adjusted to each client's needs.
Timely responsiveness
Delivered to meet our clients' deadlines.
Transparent communication
Before, during and after service completion.
Overview
Our services at a glance
As Chartered Accountants we hold deep knowledge of professional, technical, corporate and taxation standards — combined with our background from Big Four firms and large multinationals, this creates real business value for our clients.
Audit & assurance
Financial statements audit and review · internal, forensic and specific-purpose audit
In-Country Value (ICV)
Certification · improvement plan · programme implementation
ETIP / LRIP
Certification · score improvement for Abu Dhabi manufacturers
Corporate taxation
Implementation · ongoing consultancy and return filing
Value Added Tax
Registration, deregistration, filing, audit, refunds and advisory
Financial advisory
Feasibility studies · due diligence · business and share valuation
CFO services
Risk reviews · high-level reporting · budgeting · capital structure
Book-keeping & reporting
Accounting, financial reporting and software implementation
Economic Substance
ESR notification and report filing · compliance gap analysis
Assurance
Audit and assurance
Financial statement audit & review
Independent opinion on financial statements prepared by management. ISRE 2400/2410 review engagements provide a lesser degree of assurance. Covers a single statement or a specific element, account or item.
Audit for specific purposes
Verifies information against a specific framework or regulation — performance, operational, employee benefit plan and compliance audits, plus information system (IS) audit.
Internal audit
More detailed than an external audit — identifies financial and operational risks, control deficiencies, non-compliance and governance issues during expansion, restructuring or when existing controls are in doubt.
Forensic audit
Uncovers fraud, embezzlement or unlawful monetary movement — window-dressed statements, ghost employees, dummy accounts or false invoicing. Findings can be presented in legal proceedings.
Government incentives
ICV & ETIP / LRIP
In-Country Value (ICV)
Certification, improvement plans and programme implementation — experienced since ADNOC's ICV programme launched in March 2018, current with MOIAT guidelines and the score dynamics that matter for each client's business case.
Energy Tariff & Land Rebate (ETIP / LRIP)
Certification and score-improvement consultancy for Abu Dhabi manufacturers, since ADDED's ETIP programme launched in mid-2019 — recommending business process re-engineering that can save millions in electricity cost each year.
Tax
Corporate taxation
Corporate tax implementation
In January 2022 the Ministry of Finance introduced corporate tax of 9% on business profits exceeding AED 375,000 for financial years beginning on or after 1 June 2023, payable on profits reported under IFRS.
Our implementation strategy follows a phased approach: diagnostic review, impact assessment, design of compliant processes, and post-implementation monitoring.
Corporate tax consultancy
Compliance with documentation and return filing
Tax planning to legitimately reduce tax
Liaison with the FTA on notices served
Training staff to maintain compliant routines
Guidance on tax groups, free zones & restructuring
Regular internal reviews against controls
Ongoing advice on relevant updates
Plain-language reporting with recommendations
Indirect tax
Value Added Tax (VAT)
Registration and deregistration
We have served a wide array of clients across industries in obtaining standalone and group VAT certificates from the FTA, and have de-listed entities from FTA records on meeting deregistration criteria within the stipulated deadline.
VAT advisory
Gap analysis between current practice and a compliant environment; accounting software fit for VAT reporting; data migration; ongoing monitoring against existing and updated provisions of the VAT Law.
VAT return filing and audit
We file returns and conduct VAT audits considering exempt, zero-rated and out-of-scope supplies; capital and operational expenditure; free-zone supplies; reverse charge; and supplies within the GCC.
VAT refunds
Claimed where excess VAT has been paid or the entity makes zero-rated supplies. We have handled numerous voluntary disclosures and reconsideration applications, drafting technical arguments grounded in the VAT Law.
Advisory
Financial advisory services
Feasibility studies
An initial-stage assessment of a project's viability, analysed from market, technical and financial perspectives — serving investors in assessing whether cash flows will sustain a new business or expansion.
We assign specialists to each phase; our report presents expected financial and operational aspects based on realistic assumptions.
Financial due diligence
An investment appraisal assessing key risks in a potential investee — a whole business, segment, asset group or shares — covering asset and share acquisitions and mergers.
Our multi-disciplinary team delivers quality reports with recommendations that support well-informed investment decisions.
Business & share valuation
Our financial analysts reflect current business, economic and legal circumstances to arrive at intrinsic value.
Disinvestment advice considers
Strategic finance
CFO services
Our team members designated as CFOs are essentially risk managers with years of experience in top-tier companies, assessing business risk at organisational and process level.
Business risk & control reviews
Preventive, detective and corrective measures addressing root causes; policies, SOPs and responsibility matrices.
High-level financial reporting
CFO reporting grounded in risk assessment and financial analysis, as reliable partners in strategic decisions.
Projections and budgeting
Analysis of past, current and future trends to produce optimal projected financial information.
Capital structure advisory
WACC analysis of the existing capital structure and the gap to an optimum, least-cost long-term funding.
Accounting
Book-keeping, reporting & software implementation
Our position
- Chartered Accountants with IFRS and software-fit expertise.
- Good accounting governance and business law compliance.
- Business transactions translated into clear financial analysis.
- Reporting on cash, working capital and financing risk.
Activities we perform
- Record invoices, payroll, inventory, fixed assets and receivables/payables under an accurate chart of accounts.
- Prepare bank reconciliations and WPS-format payroll files.
- Prepare workings and reconciliations for FTA return filing.
- Prepare P&L, balance sheet and cash flow statements.
- Formulate management reports — analysis, pricing, budgeting.
Management reporting areas
Compliance
Economic Substance Regulations
The objective of the ESR is to set out the criteria confirming that entities carrying on a relevant activity in the UAE have economic substance. We hold a strong grip on the regulations and extensive experience filing notifications and reports.
Meeting the economic substance test
- Core income-generating activities are carried on in the UAE.
- The relevant activity is directed and managed in the UAE.
- Adequate qualified staff, operating expenditure and physical assets in the UAE, given the activity's nature and size.
Our reports demonstrate how the test is met, and we file notifications and reports within the regulatory timelines.
Relevant activities in scope
UAE federal mandate
E-invoicing implementation
Invoices are created as structured XML in the PINT AE format, exchanged through Accredited Service Providers on the Peppol network, and reported to the FTA in near real time. B2B and B2G transactions are in scope regardless of VAT registration status.
Key dates
| 1 Jul 2026 | Pilot phase and voluntary adoption |
| 30 Oct 2026 | Phase 1 ASP selection |
| 1 Jan 2027 | Phase 1 go-live — entities ≥ AED 50M |
| 31 Mar 2027 | Phase 2 ASP selection |
| 1 Jul 2027 | Phase 2 go-live — entities < AED 50M |
How FinXcel helps
Readiness assessment
Scope entities, identify gaps, build a costed roadmap.
ASP selection
Define requirements, shortlist and evaluate providers.
Data & process remediation
Clean master data, map fields to the PINT AE dictionary.
Implementation management
Coordinate finance, IT and the ASP through cutover.
Post-go-live support
Monitor exceptions, reconciliations and penalty risk.
Trusted by
Our key clients
A selection of the organisations we serve across manufacturing, energy, facilities management, industrial services and trading.
Let's discuss the engagement you have in mind.
Office
Office No. 315, 3rd Floor
Bank Street Building
PO Box: 45195
Burjuman, Dubai, UAE
Telephone
+971 50 1210831
Online
BDA@finxcel.ae
www.finxcel.ae
© 2026 FinXcel Appraisal Services. All rights reserved.