Having an accountant in the UAE is not legally mandatory for all types of businesses, but it is highly recommended for several reasons:

Compliance with Local Laws: The UAE has specific financial regulations and requirements that businesses must adhere to, such as VAT filing, maintaining accurate financial records, and ensuring compliance with the Economic Substance Regulations (ESR). An accountant helps ensure these regulations are met.

Financial Management: An accountant provides expertise in managing your finances, including budgeting, forecasting, and financial planning. This is crucial for making informed business decisions and maintaining financial health.

Tax Efficiency: Even though the UAE has a favorable tax environment, businesses still need to handle VAT and any potential corporate income tax obligations. An accountant can help optimize tax strategies and ensure timely and accurate tax filings.

Audit Requirements: Depending on the size and type of your business, you may be required to undergo annual audits. An accountant can prepare your financial statements and ensure they are audit-ready.

Business Growth: As your business grows, financial complexity increases. An accountant can provide valuable insights and support for scaling your operations, managing cash flow, and securing financing.

Time Savings: Managing finances can be time-consuming and distract from your core business activities. An accountant allows you to focus on growing your business while they handle the financial aspects.