Managing business finances efficiently is crucial for any growing business. However, handling complex financial tasks in-house can cause distractions, and are time-consuming and costly. Outsourcing your accounting needs to a professional accounting partner you can trust to offer an efficient, cost-effective solution to help you manage your financial operations while you can focus on your business.

Sterling provide a full range of bookkeeping, management accounting services. Preparing annual accounts for individuals and all types of small to medium sized businesses.

These include:
- Income and expenditure accounts for individuals
- Sole trader and partnership accounts
- Limited company accounts
- Charity accounts
- Solicitors client accounts

Our specialist team is equipped to help you understand the risks and cost associated with trading overseas. Understanding the tax complexities of trading in overseas territories, being able to connect with trustworthy advisors abroad is all a part of the process.

The process goes beyond the complexities of the financial implications, restraints and compliance.

Discover how our expert guidance can help you quickly establish your business overseas to unlock a wealth of opportunities.

Our services include:
- Accelerated Business Setup
- Outlining Tax Advantages
- Extending Regional Expansion
- Local Banking Solutions
- Online Merchant Account
- Residency Opportunities
- Enhanced Safety and Security
- Diversification and Risk Mitigation

For those wanting to establish a business or work in the UAE, a visa is required!

There are different ways to obtain a residence visa, and each caters to specific needs
and circumstances; these may include investors, entrepreneurs, employees, specialists, students, freelancers.

The validity and cost will depend on the type of UAE residence visa applied for.

The types of UAE residence visas available include:
- Investing in real estate.
- Establishing a business.
- Working for a UAE company.
- Retiring in the UAE.
- Enrolling in a university.
- Getting a freelance visa.
- Being a talented professional.
- Being a close family member of UAE citizens or residents.

UAE residents can live, work and study in the state for as long as their visa is valid.

If you’re setting up a new business, one of the first things to investigate is opening a business bank account.

Not every business needs a dedicated bank account for the business, although a business bank account may have its benefits.

Sterling can guide you and offer advice about the type of bank account that is suitable for your business.

It can be quite tricky to open a bank account in the UK for a foreign corporate entity. But if you already bank with a large global institution in your home country, you may find that they can help you set up an account with their UK business.

Initially you should consider some of the UK’s major banks, such as HSBC, Lloyds, and Barclays. These are more likely to offer international accounts, and specialist UK business bank accounts for non-residents.

As alternative to established traditional banks, you could also look at some of the a digital alternatives that allow you to send, receive and manage your money internationally.

Having been through the process first hand we understand just what need to be done and how to approach the process. We offer support to help your select the right legal structure and entity that matches with your business needs.

We provide our clients with a one stop shop for relocation and expanding their business into the UAE. We assist with visas/residencies, bank account openings (personal and business), company incorporations and any other service required to ensure our clients can feel comfortable in their relocation.

Having been through the process first hand we understand just what need to be done and how to approach the process. We offer support to help your select the right legal structure and entity that matches with your business needs.

We can also help with establishing a smooth reporting processes and can take care of your day to day financial needs, saving you time, money, and hassle.

Setting up and running a UK business from abroad is achievable as long as you have expert professionals offering advice and support.

At Sterling Chartered Accountants, we can advise you about setting up your UK business and support you with its financial management.

Our support and services extend to:
- Finding the right Bank account
- Personal and Business Tax
- Tax residency advice
- IR35
- Sole Traders