About Ashfaq and Associates

Our story

Ashfaq and Associates was founded in 2011 by Mohamed Ashfaq, a Chartered Accountant and member of the Institute of Chartered Accountants of India (ICAI). After more than fifteen years in audit and tax practice across India, the firm's Dubai office was established to serve the growing community of entrepreneurs — many of them Indian‑owned trading and services businesses — who needed a professional adviser who would answer the phone and explain things plainly.

Since then the firm has guided clients through the two biggest changes in UAE business regulation: the introduction of VAT in 2018 and Corporate Tax in 2023. Today we act for more than 500 businesses across trading, retail, real estate, hospitality, technology, manufacturing and professional services, from single‑shareholder free zone companies to multi‑entity family groups.

How we work

• Partner involvement on every engagement. Work is reviewed and signed by a Chartered Accountant, not delegated and forgotten.
• Fixed fees, agreed in writing. You know the cost before we start.
• Deadline ownership. We maintain a compliance calendar for every client and start chasing documents early.
• Plain‑language advice. You get a recommendation and the reasoning, not a memo full of article numbers.
• Technology‑led. Cloud accounting, shared document portals and WhatsApp for quick questions.
• Professional ethics. We follow the ICAI Code of Ethics and International Standards on Auditing, and we will tell you when something you want to do is not permitted.

Leadership

India office

Our Chennai office provides Indian statutory audit, GST and income‑tax services and supports UAE clients with Indian parents or subsidiaries — one team covering both sides of the border.