Accounting, VAT & Business Setup—Handled by Our Sister Company
Dexoom Group's financial and regulatory services are delivered by FINSYS Services—a dedicated accounting and business consultancy staffed by ACCA-qualified professionals, so your books get the same specialist attention as your security system.
Financial & Regulatory Services, End to End
From day-to-day bookkeeping to tax compliance and annual audit, FINSYS covers the financial work Bahrain businesses need—so Dexoom clients don't need a second vendor for it.
Bookkeeping & Accounting
8+ Services- Day-to-day bookkeeping & ledger management on Zoho Books, QuickBooks or Xero
- Monthly & quarterly management accounts for owners
- Bank, receivables & payables reconciliation
- Fixed asset register & depreciation schedules
- Multi-currency accounting for trading & import businesses
- Annual financial statements prepared under IFRS for SMEs
- Cost-centre reporting for multi-branch or multi-project businesses
- Year-end closing & audit-ready book preparation
VAT Registration, Filing & Compliance
8+ Services- Mandatory NBR registration once annual taxable supplies exceed BHD 37,500
- Voluntary registration available from BHD 18,750—useful for startups reclaiming input VAT
- Filing frequency set correctly—quarterly under BHD 3 million in supplies, monthly above it
- Preparation & on-time filing of every VAT return
- Input/output VAT reconciliation before every submission
- Zero-rated & exempt supply classification (real estate, healthcare and similar)
- Full support during an NBR audit or compliance inquiry
- Periodic VAT health-check reviews to catch issues before NBR does
Annual Audit & Regulatory Compliance
7+ Services- Audit-ready working papers & coordination with a licensed external auditor—mandatory for every W.L.L. in Bahrain, regardless of size
- Filing audited financial statements within 6 months of financial year-end
- Economic Substance Regulations (ESR) notification & filing within 3 months of financial year-end, for in-scope activities
- Ultimate Beneficial Owner (UBO) registration & annual revalidation via Sijilat
- Solvency letter preparation for new or small entities where permitted as an audit alternative
- Domestic Minimum Top-up Tax (DMTT, 15%) advisory for large multinational groups above the EUR 750M threshold
- Direct coordination with AZRO for CR renewal and related LMRA filings
Payroll, WPS & HR Compliance
6+ Services- Monthly payroll processing for Bahrain-based teams
- Enhanced WPS filing through LMRA's EMS—mandatory since February 2026
- WPS readiness check for new employers before their first payroll run
- Employer & employee registration with the Social Insurance Organization (SIO)
- End-of-service gratuity & leave-balance calculations
- Employment contract & offer-letter review before signing
Financial Advisory & Coordination with AZRO
6+ Services- Budgeting & cash flow planning
- Recurring management reporting for owners making growth decisions
- Business plan & feasibility support for new ventures and bank financing
- Direct coordination with AZRO on CR issuance and LMRA permit ceilings
- Coordinated UBO submission via Sijilat, alongside AZRO
- Tax-position review for groups approaching the DMTT threshold
Note: Finsys handles the financial and accounting side, while our sister company AZRO for Govt. Transactions handles the actual in-person filing at Sijilat, LMRA and immigration counters—we work together so you never have to run between two offices.
Why Is This a Separate Company?
Accounting, VAT and licensing work is regulated differently from security and IT installation, and it demands its own specialist expertise. Rather than stretch a security team into finance, Dexoom Group partners with FINSYS Services—run by ACCA-qualified professionals who focus on nothing else—so clients get properly licensed, specialist financial service without diluting either company's focus.
Frequently Asked Questions About FINSYS's Services
When does my company need to register for VAT?
Registration becomes mandatory once your taxable supplies exceed BHD 37,500 over any rolling 12-month period. You can register voluntarily from BHD 18,750 if you want to start reclaiming input VAT early.
Is an annual audit mandatory for my W.L.L. even if it's small?
Yes—every W.L.L. in Bahrain must file audited annual financial statements regardless of size, within 6 months of financial year-end. Some new or very small entities can submit a solvency letter instead in specific cases—we can confirm what applies to you.
What are the Economic Substance Regulations (ESR), and do they apply to me?
ESR applies to companies carrying out specific "Relevant Activities" such as Distribution & Service Centre, Holding Company, or Financing & Leasing business. If your company falls into one of these categories, a notification (and possibly a return) must be filed within 3 months of financial year-end. Most simple local trading or service businesses fall outside scope—we'll tell you clearly if it applies to you.
Does the new Domestic Minimum Top-up Tax (DMTT) affect my business?
Almost certainly not. The 15% DMTT only applies to constituent entities of very large multinational groups with consolidated global revenue above EUR 750 million. Most small and mid-sized Bahrain businesses remain completely untaxed on income. If you're part of a large international group, we can review your position.
What's the difference between Finsys and AZRO?
Finsys handles the financial and accounting side—books, VAT, audit, payroll. AZRO handles the actual in-person filing at Sijilat, LMRA and immigration counters—company registration, work permits, visas and travel. Both are part of Dexoom Group and coordinate directly with each other.
Is the Wage Protection System (WPS) mandatory for all employers?
Yes, it's mandatory for all private-sector employers. The Enhanced WPS through LMRA became fully mandatory in February 2026, and non-compliant employers risk being blocked from submitting transactions to LMRA.
Can you handle both accounting and government transactions together?
Yes—that's exactly why we work as a group. Finsys prepares your numbers and tax position, AZRO handles the physical filing, and we coordinate internally so you get one integrated result instead of chasing two offices.
How do I get started with Finsys?
Message us on WhatsApp or through the contact form with your company details, and we'll recommend the services you actually need (not everything) within one business day.