About Ashfaq and Associates
Your Trusted Financial Partner — 15+ Years in India, 5+ Years in UAE
Who We Are
Ashfaq and Associates is a Dubai-based chartered accountancy firm established in 2011, dedicated to providing comprehensive financial, auditing, accounting, and tax services to businesses across the United Arab Emirates. With over 15 years of experience in India and 5+ years in the UAE, we have built a reputation for excellence, integrity, and client-centric service delivery.
Founded by Mohamed Ashfaq, a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), our firm combines international accounting standards with deep local market expertise. We understand the unique challenges and opportunities that businesses face in the UAE's dynamic regulatory environment.
Our Expertise
We specialize in serving small and medium enterprises (SMEs), startups, and established corporates across diverse industries including retail, hospitality, real estate, technology, manufacturing, and professional services. Our multidisciplinary approach ensures that every client receives tailored solutions aligned with their business goals.
Core Service Areas
- ✓Auditing Services: Independent statutory audits, internal audits, and compliance reviews using proven global methodologies
- ✓Accounting & Bookkeeping: Complete financial management, IFRS-compliant reporting, and backlog account updates
- ✓VAT Services: Registration, compliance, refunds, audits, and penalty mitigation since VAT introduction in 2018
- ✓Corporate Tax: Comprehensive support for UAE's new Corporate Tax regime introduced in 2023, including registration, planning, and optimization
- ✓Business Advisory: Strategic financial planning, business structuring, and growth consulting
Our Approach
At Ashfaq and Associates, we believe that every business is unique. Our client-centric philosophy means we invest time in understanding your industry, operations, challenges, and aspirations before recommending solutions. This personalized approach has helped us build long-term relationships with over 500 clients across the UAE.
Personalized Service
Direct access to experienced professionals who understand your business inside out. No generic solutions—only tailored strategies.
Proactive Guidance
We don't just react to problems—we anticipate regulatory changes and help you stay ahead of compliance requirements.
Technology-Driven
Leveraging the latest accounting software, cloud platforms, and audit tools to deliver accurate, efficient, and transparent services.
Integrity & Ethics
Adherence to ICAI code of conduct and international professional standards. Your trust is our most valuable asset.
UAE Regulatory Expertise
With over 5 years in the UAE and 15+ years in India, we possess comprehensive knowledge of the local regulatory landscape. We've guided businesses through major milestones including:
- •The introduction of VAT in 2018 — helping hundreds of businesses register, implement systems, and maintain ongoing compliance
- •The rollout of Corporate Tax in 2023 — providing registration, tax planning, and optimization strategies for the new 9% regime
- •Economic Substance Regulations, Ultimate Beneficial Owner (UBO) filings, and anti-money laundering compliance
- •Free zone regulations and mainland business setup requirements across all seven emirates
Meet Our Founder
Mohamed Ashfaq
Founder & Managing Partner | Chartered Accountant (ICAI)
Mohamed Ashfaq is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) with extensive experience in auditing, taxation, and financial consulting. Since establishing the firm in 2011, he has been instrumental in helping businesses navigate the complexities of UAE's evolving regulatory framework.
With a deep commitment to professional excellence and client satisfaction, Mohamed brings a hands-on approach to every engagement, ensuring that clients receive practical, results-oriented advice.
Our Commitment
We are committed to delivering value beyond compliance. Our goal is to be more than service providers—we aim to be trusted advisors who contribute to your business success. Whether you're a startup seeking guidance on financial structuring or an established enterprise requiring comprehensive audit and tax services, we're here to support your journey.
Why Clients Trust Us
ICAI-certified professionals with international standards
15+ years India, 5+ years UAE experience
Proven track record across diverse industries
Tailored solutions, not one-size-fits-all approaches