Developers, brokerages and property management companies in the UAE deal with VAT rules that treat commercial and residential property differently, and real estate brokers and agents are a designated Anti-Money Laundering (AML/DNFBP) category under UAE law. VVouch works with real estate businesses to keep both sides, tax and compliance, handled correctly.
Challenges
- VAT applies differently to commercial and residential property transactions, and getting it wrong on a sale, lease or service charge affects both compliance and cash flow.
- Real estate brokers and agents are a designated AML/DNFBP category in the UAE, with registration, risk assessment and goAML reporting obligations attached.
- Multiple income streams, rental income, service charges, commission, off-plan sales, each need to be tracked and reported correctly.
- Managing several properties or units under one entity makes reconciliations and owner reporting harder without a clean bookkeeping system.
How VVouch Helps
- VAT advisory and filing that accounts for the different treatment of commercial and residential property.
- AML policy setup, risk assessment and goAML reporting for brokerages and property management firms that fall under the DNFBP category.
- Bookkeeping structured around a property business's actual income streams (rental, service charge, commission), not a generic chart of accounts.
- Monthly reconciliations and owner-ready reporting for multi-unit portfolios.
