Annual Accounting & Tax Plans for Special Purpose Vehicles
All UAE SPVs are now required to maintain proper accounts and file Corporate Tax returns with the FTA. Our compliance plans help you meet these obligations, determine your Free Zone or Mainland tax status, and avoid penalties for non-compliance.
“Stay compliant. UAE SPVs are required to register, report, and maintain full records—no exceptions.”
Mandatory for all UAE SPVs
What Is Required for Your SPV to Stay Compliant
Failure to meet these requirements can result in serious penalties. All UAE SPVs must comply with FTA tax laws and maintain proper records as mandated by their Free Zone or jurisdiction.
Corporate Tax Registration
Register within 90 days of incorporation to avoid FTA penalties. Includes full portal setup.
Corporate Tax Return Filing
File within 9 months of the financial year-end, regardless of taxable income.
Annual Accounts Filing
File within 9 months of ARD or anniversary of incorporation—whichever comes first (for most freezones).
Event-Based FTA Updates
Report changes in shareholders, UBOs, signatories, or activities promptly to the FTA.
What happens next
Your Compliance Journey
Our process ensures your SPV meets FTA obligations accurately and on time, avoiding penalties and maintaining good standing.
“Professional service from start to finish. We handle everything while you focus on you business.”
Conditional & Dynamic
Pricing Options
Select whether tax registration or bookkeeping is required to view the right pricing for your SPV.
Bookkeeping Required?
Tax Registration Required?
Simple SPV Plan
$1,395/year
See Tier Definitions
Complex SPV Plan
$1,995/year
See Tier Definitions
SPV Definitions
Simple vs Complex
Kounted considers an SPV to fall within one of these tiers based on a variety of factors.
Simple SPV
Designed for straightforward holding or investment structures with low transaction volume.
- ≤ 1 ordinary share class
- ≤ 2 shareholders
- ≤ 2 shareholder / inter-company loans
- No complex instruments (convertibles, SAFEs, derivatives)
- No foreign operations / single-currency
- ≤ 2 passive assets (equity, property)
- ≤ 50 ledger movements annually
Complex SPV
Built for multi-class, multi-party, or cross-border structures that require fuller disclosures.
- Multiple share classes
- Multiple shareholders
- > 2 shareholder / inter-company loans
- Complex debt or equity instruments
- Cross-border operations / multi-currency
- > 2 passive assets (equity, property)
- Fair-value / amortised-cost disclosures under IFRS
- 51 – 250 ledger movements annually
SPV Data and Documents
Documents Required
Documentation requirements differ for registration vs. filing; the breakdown is on the right.
Common Requirements
- Certificate of Incorporation or MOA or AoA
- Main trade license, including branch licenses associated with the main license
- Shareholders certificate, Business extract, Register of Members (if available)
- Emirates IDs. Passports and Trade Licenses of owners.
- Emirates IDs, Passports and Proof of Authorization of authorised signatories
Guiding Regulations
- FTA Corporate Tax Law – Registration obligations under Federal Decree-Law No. 47 of 2022.
- Must register within 3 months of incorporation date.
FAQs
Frequently Asked Questions
Answers to the most common Corporate Tax registration queries.
What does the SPV Compliance Plan include?
It includes Corporate Tax registration (if not already completed), preparation of FTA-compliant Annual Statements, tax impact assessment, calculation of your tax liability, and submission of your return. Optional bookkeeping can be added based on your needs.
Do I need to be registered with the FTA before signing up?
No. If your SPV is not yet registered, our team will handle your Corporate Tax registration and create your Tax Person profile on the FTA portal as part of the engagement.
What’s the difference between simple and complex SPVs?
Simple SPVs have limited shareholders, straightforward ownership, and minimal transactions. Complex SPVs may include multiple share classes, intercompany loans, foreign activities, or equity-based instruments requiring more detailed disclosures.
What documents do I need to provide for bookkeeping?
At a minimum: bank statements, capital confirmations, any loan agreements, and a summary of business activity. If bookkeeping is included, we’ll also request invoices, contracts, and backup documentation for all material transactions.
How long does the process take?
Usually 5–10 business days from the date we receive complete records. Incomplete data or additional bookkeeping may extend timelines. We recommend submitting early to avoid delays near FTA deadlines.
Is this service available for all SPVs?
Yes—this plan is available to SPVs operating in the UAE. Annual Statements are prepared in accordance with FTA guidelines. Any Free Zone-specific filing requirements may need a separate engagement—see this [link](https://kounted.ae/annual-accounts) for more information.
Who will I work with?
You’ll be assigned a dedicated account manager who coordinates document collection, accounting compilation, tax filings, and handles your queries throughout the engagement.
Do you provide support with board or shareholder resolutions?
Yes. If needed, we’ll provide draft board or shareholder resolutions for approval of the financial statements or tax filings as part of your deliverables.
How are payments handled?
A fixed initial fee is payable upon engagement. The remaining balance is due at time of filing. Pricing depends on your selected service tier.
“With decades of combined experience, Kounted is uniquely positioned to support local and international businesses with their Tax requirements in the UAE.”
