What is the UAE Corporate Tax rate for companies in Abu Dhabi?

Under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, UAE Corporate Tax applies at a standard statutory rate of 9% on taxable net profits exceeding AED 375,000. Taxable profits up to AED 375,000 are subject to a 0% rate to support startups and SMEs. Qualifying Free Zone Persons (QFZPs) may benefit from 0% on qualifying income subject to strict de minimis requirements and economic substance. Every UAE business entity must register with the FTA and file an annual Corporate Tax return within 9 months of their financial year-end.

Who is required to register for Value Added Tax (VAT) in the UAE?

Under Federal Decree-Law No. 8 of 2017, VAT registration is mandatory for any UAE business whose taxable supplies and imports exceed AED 375,000 over the prior 12 months or are anticipated to exceed that threshold within the next 30 days. Voluntary VAT registration is available once taxable turnover exceeds AED 187,500. The standard VAT rate in the UAE is 5%. Late VAT return filing incurs a fine of AED 1,000 for the first offense and AED 2,000 for subsequent violations.

What is MoIAT In-Country Value (ICV) certification and why is it essential for UAE suppliers?

The National In-Country Value (ICV) program, governed by the UAE Ministry of Industry and Advanced Technology (MoIAT) alongside ADNOC and major governmental entities, measures an enterprise's economic contribution to the UAE through local manufacturing, local procurement, Emiratization, and domestic investments. An approved ICV certificate provides vendors with a critical commercial scoring advantage of up to 10% during ADNOC, TAQA, and government public tenders. ICV certificates are renewed annually and require audited financial statements.

How does ADNOC vendor registration work for commercial suppliers?

ADNOC supplier registration involves establishing a verified profile on the SAP Ariba network, aligning business activities with ADNOC workgroup codes, preparing statutory documentation (valid trade license, MoA, chamber certificate, audited IFRS financials, ISO certifications, and ICV score), and submitting the prequalification dossier through the ADNOC Supplier Qualification portal for commercial classification and approval. The process typically takes 4–8 weeks depending on document readiness.

What are the core benefits of hiring a Virtual CFO in the UAE?

A Virtual CFO provides enterprise-level strategic financial leadership at 20–30% of the cost of a full-time CFO. Key deliverables include monthly cash flow forecasting, working capital optimization, budgeting and variance analysis, board-ready management accounts, bank facility negotiations, investor presentations, and direct alignment with FTA tax compliance and statutory audit standards. Ideal for Abu Dhabi SMEs needing executive financial oversight without full-time executive payroll.

Where is Elite JK Foxes located and what areas in the UAE do you serve?

Elite JK Foxes is headquartered in Abu Dhabi at Abu Al Hinna-a 1 St, Near Delicia Restaurant, 1st Floor, Office 48, Musaffah - M10 (GPS: 24.3642, 54.4925). Office hours are Monday to Friday, 9:00 AM to 6:00 PM (GST). We serve commercial enterprises across Abu Dhabi mainland, Abu Dhabi Global Market (ADGM), Khalifa Industrial Zone (KEZAD), Al Ain, Dubai, and the Northern Emirates. Contact: +971 2 440 2318 or info@elitejkfoxes.ae.

What is the penalty for late Corporate Tax registration in the UAE?

Under the UAE Federal Tax Procedures Law, failure to register for Corporate Tax within the FTA's specified registration deadline results in an administrative penalty of AED 10,000 per entity. Additionally, inaccurate Corporate Tax returns can attract reassessment penalties of up to 300% of the unpaid tax. Small Business Relief under Ministerial Decision No. 73 of 2023 exempts entities with revenue below AED 3,000,000 from tax liability but does not exempt them from the registration obligation.

Which ERP systems do accountants in Abu Dhabi use for UAE VAT compliance?

The most commonly used ERP and accounting systems in Abu Dhabi include Odoo, Zoho Books, QuickBooks, Tally ERP, Sage 50/200, Xero, and Microsoft Dynamics 365. All systems must be configured for UAE VAT at 5%, generate FTA-compliant tax invoices per Article 59 of the Executive Regulations, and produce VAT 201 return data exports. Elite JK Foxes implements and configures all these platforms for UAE regulatory compliance.

How long does ICV certification take in the UAE?

The ICV certification process in the UAE typically takes 3–8 weeks from initial engagement to certificate issuance. The process involves: (1) Pre-assessment simulation, 1–2 weeks; (2) Audited financial statements review, 1–3 weeks; (3) Submission to an MoIAT-empanelled certifying body, 1–2 weeks; (4) Certificate issuance. ICV certificates are valid for 14 months from the financial year-end date of the referenced audited accounts.

Can a UAE Free Zone company register for VAT?

Yes. Free Zone companies in the UAE can and must register for VAT if their taxable supplies and imports exceed AED 375,000 annually. Transactions between businesses within designated free zones may qualify as out-of-scope for VAT purposes, provided goods remain within the designated zone and meet strict conditions per Cabinet Decision No. 59 of 2017. Free Zone companies supplying goods or services to UAE mainland customers must charge 5% VAT.

What documents are required for ADNOC vendor registration in Abu Dhabi?

ADNOC vendor registration requires: (1) Valid UAE Trade License with relevant business activities; (2) Memorandum of Association (MoA); (3) Chamber of Commerce certificate; (4) Audited IFRS financial statements for the last 2–3 years; (5) MoIAT ICV Certificate; (6) ISO certifications (ISO 9001, ISO 14001, ISO 45001 where applicable); (7) Bank letter confirming account status; (8) Power of Attorney for the authorized signatory. All documents must be current and properly attested.

What is the difference between a Virtual CFO and a full-time CFO for UAE businesses?

A full-time CFO in the UAE typically costs AED 35,000–AED 80,000 per month in salary plus benefits. A Virtual CFO from Elite JK Foxes provides the same strategic financial leadership — management accounts, cash flow models, board presentations, bank negotiations, and FTA compliance oversight — at AED 5,000–AED 15,000 per month with flexible engagement terms. This model is ideal for Abu Dhabi SMEs needing executive financial governance without the full-time executive overhead.

Abu Dhabi Corporate Advisory · Musaffah M-10

Tax · Accounting · Audit · CFO · ICV Your Business. Compliant. Financially Strong. Ready to Grow.

From UAE Corporate Tax (9%) and VAT return filing to IFRS bookkeeping, statutory audit, virtual CFO strategy, ERP automation, and ADNOC/TAQA/ICV vendor registration — we empower your business in Abu Dhabi.

Explore Our Services

COMPLY Tax & FTA Alignment

CONTROL Books & CFO Governance

OPTIMIZE ERP & Automation

QUALIFY ICV, ADNOC & TAQA

FTA 9% Tax Corporate Tax & VAT Registration & Filings

IFRS Standards Accounting & Books Monthly Ledgers & AP/AR

Risk & Governance Audit & Assurance Internal & Statutory

Executive Advisory Virtual CFO Cashflow & Forecasting

Cloud Systems ERP & Automation Odoo · Zoho · Tally

ADNOC · TAQA · ICV Procurement Dossier Vendor Pre-Qualification

FTA & MoIAT Aligned · Abu Dhabi & UAE Operations

Explore Partner Ecosystem

UAE-Focused Expertise

End-to-End Business Support

Finance & Compliance Specialists

Technology-Enabled Operations

Business-Focused Advisory

Strategic Lifecycle

One Partner Across Your Business Journey

From initial entity formation and accounting system setup through VAT compliance, CFO oversight, procurement qualification, and strategic expansion.

Phase 01 · Launch & Establishment

Company Formation & Structural Setup

Establishing the right corporate structure in Abu Dhabi or UAE Free Zones with accurate economic activities, trade licensing, and banking readiness.

Mainland Formation Free Zone Advisory Activity Selection Bank KYC Support

Trade License & Legal Structure

DED Mainland or Approved Free Zone Authority

Corporate Bank Documentation

KYC dossiers, UBO registration & compliance files

Phase 02 · Systems & Infrastructure

Accounting & ERP Integration

Deploying modern financial software (QuickBooks, Zoho, Tally, Odoo, Sage, Xero) tailored to UAE VAT and corporate reporting standards.

Chart of Accounts Design ERP Setup Opening Balance Migration Workflow Setup

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Digital Ledger Architecture

Automated invoice capture, AP/AR & VAT coding

Staff Onboarding & Training

Hands-on guidance on invoice posting & reconciliations

Phase 03 · Regulatory Compliance

VAT & Corporate Tax Obligations

Proactive management of Federal Tax Authority (FTA) registrations, return filings, input tax reconciliations, and Corporate Tax compliance reviews.

VAT Return Filing Corporate Tax Filing Tax Health Check FTA Clarifications

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FTA EmaraTax Alignment

Timely filings with verified supporting schedules

Penalty Mitigation Review

Pre-audit diagnostic to identify exposure before FTA inquiries

Phase 04 · Financial Governance

Virtual CFO & Internal Control Advisory

Elevating financial operations from basic bookkeeping to executive forecasting, working capital optimization, cash flow models, and board reporting.

Virtual CFO Cash Flow Modeling Internal Audit Budgeting & Variance

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Executive Management Accounts

Monthly P&L, balance sheet, and KPI variance insights

Risk & Internal Controls

Dual-authorization protocols & fraud prevention matrices

Phase 05 · Procurement Readiness

ICV, ADNOC & TAQA Supplier Portals

Positioning your business for major UAE tenders and supply chain participation through rigorous documentation, ICV preparation, and vendor profile setup.

ICV Pre-Assessment ADNOC Registration SAP Ariba Support TAQA Registration

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Audited Financial Documentation

Ensuring balance sheets meet certifying body criteria

Prequalification Classification

Commercial, technical, and QA/HSE profile preparation

Phase 06 · Strategic Scaling

Business & Management Consulting

Operational restructuring, cost optimization, feasibility studies for new product lines or branch expansions across Abu Dhabi and the wider GCC.

Feasibility Studies Cost Optimization Process Re-engineering Branch Licensing

Strategic Financial Modeling

Multi-year capital planning and margin optimization

Operational Efficiency Audits

Streamlining procurement, payroll, and billing overhead

Phase 07 · Orderly Dissolution

Company Liquidation & Deregistration

Professional assistance for solvent company winding up, preparation of formal statement of affairs/liquidation accounts, and tax deregistration with the FTA.

Liquidation Accounts VAT Deregistration Corporate Tax Deregistration Authority Clearances

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Final Liquidation Balance Sheet

Complete reconciliation of liabilities, assets & equity

Official FTA Clearance Documentation

Settling tax liabilities to obtain deregistration certificate

Integrated Capabilities

Financial & Business Expertise Under One Roof

Integrated financial, compliance, technology and advisory services designed specifically for UAE operating entities.

FTA EmaraTax Aligned

Taxation Advisory

Practical tax support designed to help UAE businesses manage their registration, filing, compliance and advisory requirements under FTA guidelines.

Value Added Tax (VAT) Registration & Filing

UAE Corporate Tax Advisory & Return Preparation

Tax Health Check & Compliance Reviews

FTA Clarifications & Penalty Reconsideration

IFRS & UAE GAAP

Accounting & Bookkeeping

Accurate books and clearer business decisions through structured monthly general ledger maintenance and IFRS financial statements.

Monthly General Ledger Maintenance

Bank & Payment Gateway Reconciliation

Accounts Payable & Receivable (AP/AR) Management

Year-End Closing & Management Reporting

Governance & Risk

Audit & Assurance

Positioning your organisation around accuracy, internal risk control, financial transparency, and seamless statutory audit preparation.

Internal Audit & Risk Governance

External Audit Preparation & Coordination

Financial Statement Review & Verification

Internal Control Gap Evaluation

Executive Strategy

CFO & Financial Advisory

From raw financial records to sound strategic decisions. Virtual CFO oversight, cash flow modeling, budgeting, and working capital optimization.

Virtual & Outsourced CFO

Budgeting, Forecasting & Sensitivity Analysis

Cash Flow & Working Capital Management

Profitability & Cost Control Analysis

Cloud & AI Systems

ERP & Finance Automation

Transforming manual spreadsheets into modern, integrated financial workflows across Odoo, Zoho Books, Tally, QuickBooks, Sage, and Xero.

ERP Implementation & Migration

Chart of Accounts (COA) Architectural Design

Financial Workflow & Invoicing Automation

Customized Management Reporting & Staff Training

ADNOC · TAQA · MoIAT

ICV & Vendor Registration

Strengthening In-Country Value (ICV) readiness and preparing vendor dossiers for ADNOC (SAP Ariba) and TAQA supplier portals.

ICV Certification Assistance & Pre-Assessment

ADNOC Supplier Profile & SAP Ariba Support

TAQA Vendor Registration & Documentation

Certifying Body Coordination & Audit Readiness

Supply Chain Qualification

Become Procurement Ready

Qualify your business for major contracts with ADNOC, government entities, and utility conglomerates across Abu Dhabi through verified operational and commercial readiness.

Active Phase: 01 · PREPARE

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Milestone: Diagnostic & Strategy

1 - 2 Weeks

UAE PROCUREMENT SCOPING VERIFIED EST. 2026 · ELITE JK FOXES

PHASE 01 · PREPARE

Baseline Scoping & Pre-Audit Assessment

Comprehensive diagnostic of your legal entity, ownership structure, and general ledger to establish the optimal ICV formula strategy and target procurement work groups.

Verified Milestone Actions:

Review Commercial License & MoA for National/Expat equity ratios
Baseline ICV score simulation across historical supplier spending
Determine ADNOC Work Group classifications & TAQA categories
Identify internal accounting gaps prior to formal auditor engagement

Executive Guarantee: Initial diagnostic prevents expensive re-submissions to ADNOC Commercial Directory.

Strategic Qualification Triad

Official UAE Procurement Standards & Gateways

Direct advisory and dossier coordination with the three foundational compliance authorities governing Abu Dhabi tenders.

MoIAT Standard VOL. I

ICV CERTIFICATION

In-Country Value score calculation, audited supplier costs & empanelled body sign-off.

ICV Pre-Assessment & Score Simulation
Audited Financial Statements Alignment
Empanelled Certifying Body Coordination

Energy Sector VOL. II

ADNOC REGISTRATION

End-to-end guidance through ADNOC Supplier Portal, SAP Ariba configuration & work groups.

SAP Ariba Supplier Profile Setup
Work Group & Commercial Classification
Commercial Directory Vendor Activation

Utilities & Infra VOL. III

TAQA REGISTRATION

Direct support for vendor registration and prequalification across TAQA operating subsidiaries.

TAQA Supplier Portal Registration Assistance
Supplier Prequalification Documentation
Subsidiary Commercial Directory Listing

Enterprise Operational Ecosystem

Additional Business Support

Complementary corporate, administrative, regulatory, and institutional capabilities ensuring your UAE enterprise operates with seamless single-partner continuity.

Operational TAMM · ICP Visas & Labor SERVICE 01 / 12

PRO Services

Abu Dhabi Corporate & Regulatory Execution

Government documentation, labour & immigration, visa processing, Emirates ID, establishment card, and trade license renewals across Abu Dhabi.

Government Documentation & Ministry Liaison
Labour & Immigration Clearances
Emirates ID & Golden / Investor Visa Processing
Establishment Card Renewals & Legal Attestations

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Structuring ADED · Free Zone Entity Setup SERVICE 02 / 12

Company Formation

Entity Incorporation & Legal Structuring

Mainland & Free Zone corporate setups, branch registrations, business activity selection, partner amendments, and legal lease registrations.

Abu Dhabi Mainland & ADGM / Free Zone Setups
Foreign Branch & Subsidiary Registrations
Commercial Activity Licensing & Approvals
Tawtheeq Legal Lease & Ejari Documentation

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Protection CBUAE · DoH Risk & Health SERVICE 03 / 12

Insurance Assistance

Statutory Risk & Health Policy Advisory

Business liability, mandatory employee medical insurance, workmen compensation, professional indemnity, and corporate property risk coverage.

Mandatory DoH Abu Dhabi Health Insurance Schemes
Comprehensive Workmen Compensation Coverage
Third-Party Commercial General Liability
Professional Indemnity & Directors Liability

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Presence Digital B2B Brand & Web SERVICE 04 / 12

Marketing & Branding

Enterprise Identity & Digital Footprint

B2B corporate identity, institutional company profile design, technical SEO, corporate website development, and executive tender collateral.

B2B Corporate Identity & Brand Systems
Tender-Ready Institutional Company Profiles
High-Speed Corporate Web Platforms & Portals
Executive RFP Presentation Collateral

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Banking KYC · UAE Banks Treasury & KYC SERVICE 05 / 12

Banking Assistance

Corporate Account & Treasury Facilitation

Corporate bank account documentation, source-of-funds dossier compilation, KYC compliance liaison, and merchant payment gateway setups.

Tier-1 UAE Corporate Bank Account Approvals
Comprehensive Source-of-Funds Dossier Preparation
Institutional KYC & Compliance Liaison
Multi-Currency Operating Account Setup

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Advisory Feasibility · GCC Growth Strategy SERVICE 06 / 12

Business Consultancy

Operational Strategy & Market Expansion

Capital project feasibility studies, operational restructuring, process optimization, cost minimization, and GCC market expansion strategies.

Institutional Feasibility Studies & Financial Models
UAE & GCC Market Penetration Strategies
Operational Process Re-Engineering & Streamlining
Cost Structure Optimization & Synergy Analysis

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Workforce MoHRE · WPS Labor Compliance SERVICE 07 / 12

HR & Payroll (WPS)

Labor Law & Statutory Payroll Systems

Wages Protection System (WPS) compliance, SIF file generation, statutory end-of-service gratuity calculations, and labor contract advisory.

MoHRE Wages Protection System (WPS) Filings
Automated SIF File Generation & Reconciliation
Statutory End-of-Service Gratuity Modeling
UAE Labour Law Contract Formulation

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Standards ISO 9001 · 14001 QA / QC Audit SERVICE 08 / 12

ISO Certification Support

International Quality & Audit Readiness

ISO 9001 (Quality), ISO 14001 (Environmental), ISO 45001 (Safety) documentation structuring and audit pre-readiness for major tenders.

ISO 9001:2015 Quality Management Systems
ISO 14001 Environmental Management Architecture
ISO 45001 Occupational Health & Safety Audits
Tender Pre-Qualification Audit Readiness

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Commercial FTA Invoicing Contracts & LPO SERVICE 09 / 12

Business Documentation

Tax Invoices & Legal Corporate Records

VAT-compliant tax invoicing structures, institutional quotations, LPOs, statement of accounts reconciliation, and corporate resolution drafting.

FTA-Compliant Tax Invoicing Templates
Enterprise Quotations, Commercial LPOs & POs
Statement of Account (SOA) Multi-Entity Reconciliations
Board & Shareholder Resolution Drafting

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Bidding Gov & Tenders RFP Dossiers SERVICE 10 / 12

Tender & Prequalification

Institutional Procurement Submissions

Assembling technical, commercial, and financial compliance dossiers for Abu Dhabi semi-government and institutional bidding opportunities.

ADNOC, TAQA & Musanada Vendor Portals
Technical & Commercial Submission Dossiers
Compliance Matrix & Prequalification Submittals
Financial Guarantee & Bid Bond Packaging

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Statutory goAML · UBO · ESR AML Governance SERVICE 11 / 12

Regulatory & AML Compliance

Federal Statutory Governance & goAML

Economic Substance Regulations (ESR) assessments, Anti-Money Laundering (AML) policies, goAML registration, and Ultimate Beneficial Owner (UBO) filings.

Executive goAML Portal Registration & Compliance
Statutory Ultimate Beneficial Owner (UBO) Register
Economic Substance Regulations (ESR) Notifications
Institutional Risk-Based AML/CFT Policies

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Optimization KPI · Controls Performance SERVICE 12 / 12

Management Consultancy

Governance Matrices & Executive Dashboards

Operational reviews, business process re-engineering, internal control matrices, executive dashboards, and milestone performance development.

Internal Control & Governance Architecture
C-Suite Performance KPI Dashboards
Enterprise Risk Assessment Matrices
Post-Merger Operational Integration

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Client Success & Endorsements

Trusted by UAE Industry Leaders & Growing Enterprises

Read how business owners, chief financial officers, and executive directors across Abu Dhabi and Dubai rely on Elite JK Foxes for tax compliance, accounting governance, and procurement readiness.

4.9 / 5 Client Satisfaction

150+ Corporate Entities Guided

100% On-Time Statutory Filings

Zero FTA Penalties Record

+28% ICV Score

Elite JK Foxes transformed our ADNOC supplier dossier. Their advisory helped us increase our ICV certification score by 28 points, directly qualifying us for major offshore infrastructure tenders.

Tariq Al Nuaimi

Managing Director

Apex Horizon Contracting LLC · Abu Dhabi

Zero FTA Penalties

Having their Virtual CFO team restructure our multi-entity cash flow and tax provisions gave our board absolute confidence. They operate with the highest level of diligence and precision.

Sarah Jenkins, FCCA

Group Chief Financial Officer

Al Dhafra Logistics & Marine Services

Corporate Tax Ready

Navigating the UAE Corporate Tax regime was seamless with Elite JK Foxes. They analyzed our complex holding structure and established compliant transfer pricing policies without disruption.

Rashid Al Mazrouei

Chairman & Founder

Oasis Falcon Industrial Holdings

Close Cycle -75%

Migrating from disconnected spreadsheets to an automated ERP was completed ahead of schedule. Our monthly close cycle went from 22 days down to 4 days flat.

Dr. Elena Rostova

Chief Executive Officer

FalconBio Technologies Free Zone

14-Day TAQA Prequalification

Their team handled our TAQA vendor prequalification and statutory financial statements flawlessly. True partners who understand Abu Dhabi procurement inside out.

Mohammed Al Qasimi

General Manager

Gulf Crest Technical Supplies

100% Clean Audit Defense

When the Federal Tax Authority requested an in-depth VAT audit, Elite JK Foxes defended our ledgers with meticulous documentation. Zero penalties, complete peace of mind.

Vikram Singhania

Managing Director

Emirates Precision Engineering LLC

ADNOC Ariba Certified

Their deep mastery of ADNOC Commercial Directory codes and SAP Ariba onboarding saved us months of bureaucratic trial and error. Exceptional service quality.

Khalid Al Mansoori

Executive Director & Partner

Capital Energy Services Abu Dhabi

AED 3.2M Capital Optimized

Elite JK Foxes provided senior CFO guidance during our post-pandemic expansion. Their working capital optimization released millions in liquidity for new outlet openings.

Fatima Al Suwaidi

Head of Corporate Finance

Al Reem Hospitality & Retail Assets

Full Legal Compliance

Their Musaffah team is responsive, deeply experienced in UAE commercial company law, and always available on direct WhatsApp. A truly indispensable partner.

Marcus Vance

Chief Operating Officer

Skyline Heavy Equipment & Marine Leasing

IFRS Audit Ready

Accurate, timely, and always aligned with latest Ministry and FTA statutory requirements. We trust Elite JK Foxes unconditionally for our annual audit and tax filings.

Zaid Al Nuwais

Managing Partner

Crown Star Facilities Management

Local Presence

Abu Dhabi Corporate Office

Conveniently located in Musaffah M-10, serving commercial enterprises across Abu Dhabi, Al Ain, Dubai, and the Northern Emirates.

Physical Address

Abu Al Hinna-a 1 St, Near Delicia Restaurant
1st Floor, Office 48, Musaffah - M10
Abu Dhabi, United Arab Emirates

Telephone & Direct Desk

+971 2 440 2318

Mobile & WhatsApp Advisory

+971 54 245 4041

Official Social Channels

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