Privileges and support provided:

• Providing bank facilities with bank guarantee for existing companies.
• Opening a company account without minimum balance.

 

Contact persons

Business Accounts :
Mrs. Jasneet Mangat
T: 0 4 291 5597 
F: +971 4 3971939
Email: jasneet.mangat@rakbank.ae 

Financing TWC lending:
Mr. Kartik Balasubramanian
T: +971 4 2915495
M: +971 50 5042160
Email: Kartik@rakbank.ae

The first platform for financial technology authorized to engage in the peer-to-peer lending business in the Middle East and North Africa region. It is registered with Dubai Financial Services Authority at Dubai International Financial Center. The platform uses an innovative technology to connect companies seeking fast and affordable funding with investors who can help fund their growth.

Privileges and support provided:

• Providing financial facilities through the crowdfunding platform at reduced interest rates according to the terms and conditions
• Providing a guarantee from Mohammed bin Rashid Innovation Fund for UAE Businesses owned by nationals by 100% or 50%.
• Maximum funding limit is AED1 million.
• Allocating AED20 million as financial facilities to support companies during Covid-19.

 

Contact person

Jake Carney
04- 5506700
dubaisme@beehive.ae

mazeed is a financial management platform tailored for small and medium-sized businesses.  mazeed is the first in the region to combine AI with certified financial and tax experts to automate financial management so that business owners can focus on growing their businesses. mazeed is more than an accounting software.

 

Main Services:

• Accounting & Bookkeeping Services: Full management for the accounting cycle from maintaining accurate records to exporting financial reports for better business decisions.
• Tax Services: FTA-certified tax experts ensure 100% compliance with all tax regulations, ensuring business is not subject to any tax penalties.
• CFO Advisory Services: Expert data-driven advice on financial planning, forecasting, and budgeting to grow your business.
• Accounting Software: New generation of accounting software utilizing AI to automate financial management with advanced accounting features, including invoicing, inventory tracking, expense management, and real-time financial reports.

 

Why mazeed?

•  Certified Financial & Tax Experts
• Secure Data Archiving
• Advanced Mobile App
• AI-Powered Accounting Platform
• Dedicated Account Managers
• Local Support for Your Business
• Tailored for Small & Medium-Sized Businesses

 

Packages and Prices:

Financial Accounting & TAX package
Free Accounting Software
Mobile App (iOS & Android)
Account Configuration & Training
Dedicated Accounts Manager
VAT Compliance & Filing
VAT return preparation
Document Archiving for 7 years
Corporate Tax Planning & Legal Structure
Setting up Chart of Accounts
Corporate Tax compliance
Corporate Tax Filling
Corporate Tax Return calculation & Filing
Comprehensive tax planning
TAX agent support
Cloud-based Full Accounting Cycle
Financial reporting (Balance sheet, income statement, sales and expenses report, etc.)
Payments & Receipts Tracking
Receivable and Payable Reconciliation
Bank & Cash reconciliation
Monthly online meeting
Third parties’ integration
VAT Registration
Corporate TAX Registration

 

TAX package
Free Accounting Software
Mobile App (iOS & Android)
Account Configuration & Training
Dedicated Accounts Manager
VAT Compliance & Filing
Document Archiving for 7 years
Setting up Chart of Accounts
TAX agent support
Monthly online meeting
Third parties’ integration
VAT Registration

 

Accounting software
Create Invoices, Quotes, Credit Notes, and POs
Customize Invoices with Your Logo and Brand Colors
Manage Customers & Suppliers
Track Business Expenses
Unlimited Bookkeeping Records & Journals
Generate Financial Statements
Real-time Financial Insights & Dashboard
Track Projects Profitability
Customize Chart of Accounts
TAX reports
Automate Bank Reconciliation
Manage Inventory

 

• The financial accounting and TAX package start from AED 999/month (3 months free for the first year on the annual contract for annual payment)
• The TAX package starts from AED 399/ month (3 months free for the first year on the annual contract for annual payment)
• Accounting software package start from free (50% discount for the paid package for the first year)

Contact Person:
Mohamed Gouda
Business Development Manager
mohamed.gouda@mazeed.com
+971 565 472 460