Audit in Free zones Dubai

Audit in Free zones Dubai

 Audit in Free zones Dubai : There are many benefits available to entrepreneurs in Dubai free zones, including easy approvals, total foreign ownership, tax benefits, and fast incorporation.

Even though investors can enjoy the benefits galore, it is important not to neglect the mandatory requirements.

Companies that fail to comply with this requirement often incur penalties or face non-renewal of their trade license, especially in the free zones that require the audit to be conducted by registered and approved auditors in Dubai, UAE.

In reputed free zones, such as the Dubai Multi Commodities Centre (DMCC), the Jebel Ali Free Zone (JAFZA), the Dubai Airport Free Zone (DAFZA), the Dubai International Financial Centre (DIFC), and Dubai South, there is a mandatory audit requirement.

Importance of Free zone Audit

As part of the renewal of their trade licenses, businesses registered under trade free zones must have their annual financial statements audited.

Audit in Free zones Dubai - Approved Auditors in Dubai Free Zones

Dubai Free Zones, including DMCC and JAFZA, require that the annual audit be conducted by registered and approved auditors in Dubai or the United Arab Emirates.

A list of approved auditors in the UAE is maintained by free zones in the UAE, including DMCC, Dubai South and JAFZA.

UAE Corporate Tax in Free zones

There is a corporate tax applicable to free zone businesses in the UAE. It has been confirmed by the Ministry that the UAE corporate tax regime will continue to honor the corporate tax incentives offered by free zones to investors.

It has been confirmed by the Ministry that the UAE corporate tax regime will continue to honor the corporate tax incentives offered by free zones to investors.

Useful Links : UAE Tax Authority, Dubai VAT

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