Annual Audit in Dubai | Compliance Services - Gupta Accountants

Annual financials of the companies registered under Dubai Freezones are advised to be audited each year and submitted at the time of its trade license renewal. While the standard reporting period is one calendar year, a company may nominate a different reporting period the first reporting period will commence from the date of incorporation and must not be less than six months and no more than eighteen months. 

Soon after the formation of business in Dubai,  it is advised to our clients that they maintain accounts of all the transactions, records, and details that can give them a true picture of their business performance on periodical basis. This also helps in the completion of the annual audit on time. 

The business entities are always challenged to reduce costs, avail the best services and add maximum value from their expenditures. Gupta Accountants in Dubai as cost effective accountants in Dubai,  offers completely flexible and innovative Accounting Services .

Annual audit for registered companies in some of Dubai Freezones is mandatory. Non compliance of the annual audit report submission may attract financial penalty. ​

Dubai: DMCC Annual Audit Requirements

 Requirement of Annual Audit in DMCC free zone in Dubai;

• According to the implementing regulations of the DMCC, a DMCC Member Company has to upload the auditor’s signed & stamped Audited Financial Statements Summary Sheet and the Audited Financial Statements Report via a designated online service request on the member portal within 90 days after the end of each financial year.
• As per the Approved Auditors Rules (AAR) of DMCC issued on 12th January 2017, it is the responsibility of each DMCC member company to ensure that their appointed auditor is registered as an Approved Auditor with DMCCA and is listed in the Approved Auditors List (AAL). These rules do not apply to auditors appointed to audit DMCC member companies registered as a branch company provided such a company has a group auditor.
• ​Submission of Audited Financials is applicable to all DMCC companies including subsidiaries and branch companies.

Dubai: JAFZA Annual Audit Requirements

Requirement of Annual Audit in Jebel Ali Free Zone in Dubai;

• According to the implementing regulations of JAFZA, a company registered under JAFZA has to prepare financials statement and get the same audited and submit to JAFZA within six month from the end of the relevant financial year of the company. 
• Audit requirement is for the FZE, FZCO and Offshore companies registered under JAFZA
• Audit reports are to be submitted online on the  Dubai Trade Portal of the respective companies and submitted thereafter in physical via courier service or in person. 

Dubai: DDA Annual Audit Requirements

 Requirement of Annual Audit in Free Zones under DDA in Dubai;

• According to the Dubai Development Authority - DDA,  in Compliance with the Private Companies Regulations of 2016, Licenses type FZ-LLC Company and Branch Company, are required to submit the Annual Audited Financial Statement along with the Summary Sheet (as per DDA Template) within 6 Months form the end of the respective financial year. 
  

Dubai: Why Choose Gupta Accountants for Annual Audits ?

• Affiliate Partner of approved auditors and listed Audit Firms in Dubai.  
• Professionally qualified and experienced team of auditors in Dubai.
• Cost Effective Annual Audit Services in Dubai.
• Compliance to International standards, local rules and regulations. 

Dubai: Gupta Accountants Audit Services

The Gupta Accountants team of approved auditors and listed audit firms offers expert annual audit assistance services in the UAE.

We provide professional support at every stage of auditing of the financials statements across the UAE, including Dubai, Abu Dhabi, Sharjah, Ajman, Umm Al Quwain, Fujairah, and Ras Al Khaimah.​