Accounting for gold trading companies in the UAE requires precision, speed, and strict regulatory compliance. Virtual Accountants LLC provides specialized accounting services for bullion dealers, jewelers and precious metals and stones traders, ensuring accurate financial records and full compliance with UAE VAT and regulatory requirements. We support gold trading businesses across Dubai, Abu Dhabi, Sharjah, and major free zones including DMCC, delivering reliable, industry-focused accounting solutions across the UAE.
Why gold trading accounting needs specialist handling
Gold is not standard inventory. You need stock records that reflect weight and purity, disciplined stock reconciliation, and a defensible transaction trail for VAT and AML/CFT expectations. Weak records usually show up later as margin distortion, audit delays, or difficult bank and counterparty questions.
Accounting for gold trading company uae: scope of service
Bookkeeping and management accounts for gold traders
Consistent posting rules, bank reconciliations, and monthly management accounts showing sales, gross margin, stock movement, and cash.
Inventory valuation and stock reconciliation
Weight/purity-based stock reporting aligned to invoices and movements, plus a variance log with actions to resolve differences.
VAT and corporate tax readiness (records + working files)
VAT-ready routines, evidence checklists, reconciliations, and support for common trading scenarios (including reverse charge VAT where applicable).
AML/DPMS and goAML support (practical routines)
Customer file structure, transaction documentation discipline, and escalation workflows your team can follow consistently.
Audit support
Audit schedules, reconciliations, and evidence packs that reduce back-and-forth and help audits close smoothly.
How it works (4 steps)
What you get (deliverables)
Let Virtual Accountants LLC handle the numbers—so you can focus on what you do best: growing your business.
We’re always on the same page with Government Agencies, working together to get the job done!
Crypto transactions are treated like digital assets. We record the purchase, sale, and conversion into AED or USD using fair market value on the transaction date, ensuring compliance with international accounting standards.
Currently, there is no personal income tax on crypto gains in the UAE. But if you run a crypto trading or blockchain business, your profits may be subject to UAE corporate tax. Professional accounting ensures you stay compliant with tax rules.
Yes, in many cases crypto losses can offset taxable profits of a business. However, proper documentation and valuation are required. Our accounting team helps prepare accurate records to support your claim with the Federal Tax Authority (FTA).
Each crypto-to-crypto trade is treated as a disposal and acquisition. We record both transactions at fair market value in AED. This ensures your books reflect the correct gain or loss for corporate tax reporting.
Most companies use the “fair value” method under IFRS. This means crypto is valued at current market price and re-measured regularly. Our accounting team ensures your balance sheet reflects accurate and updated valuations.
Crypto transactions often happen across multiple wallets and exchanges. Without proper tracking, errors and missing data occur. Professional crypto accountants use blockchain-based reconciliation tools to match records and avoid mistakes.
Basic versions don’t fully support crypto. But we integrate specialized crypto accounting tools with QuickBooks, Xero, or Zoho to automate entries, convert values into AED, and generate accurate VAT/corporate tax reports.
Free zone businesses must maintain proper accounting, file audited reports, and follow Central Bank/VARA regulations. Our services ensure compliance with both free zone authorities and federal tax laws.
During an FTA audit, authorities may request proof of all crypto trades, wallet addresses, and fair value calculations. Accurate accounting ensures you have complete, traceable records — reducing audit risks.
Yes. Hiring an in-house accountant with crypto knowledge is expensive. Outsourcing gives you access to experts, advanced software, and compliance support at a much lower cost — while you focus on trading or growing your business.
Office 609, 6th Floor, Al Moosa Tower 1, Trade Centre 1, Sheikh Zayed Road, Dubai, UAE
Sharjah Media City (Shams), Al Messaned, Al Bataeh, Sharjah, United Arab Emirates.