As per notification by RAKEZ in June 2019, now all companies registered under RAKEZ are required to submit audited financial statements on annual basis upon the end of the respective financial years. The first submission of audited financial statements will be required in 2020.
Financial year ending 31st December 2019 onward , companies registered under RAKEZ would be required to submit audited financial statements within six (6) months from the end of your company’s financial year. (i.e. 30th June 2020)
It should be noted that, as per the RAKEZ Companies Regulations, it is the responsibility of each company to ensure that their appointed auditor is registered as an Approved Auditor with RAKEZ and is listed in the Approved Auditors List. This requirement does not apply to auditors appointed to audit RAKEZ registered companies as a branch company, provided such a company has a group auditor.
For more information on how Gupta Accountants could assist you in compliance audit for the companies based in RAKEZ - Ras Al Khaimah Economic Zone, contact us today.
Gupta Accountants competent team of chartered accountants in Dubai, provides best supports at all the stages of the compliance audit for the companies registered under free zones established in the emirates of Dubai, Abu Dhabi Sharjah, Umm Al Quwain, Ajman, Ras Al Khaimah and Fujairah.
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Ramesh Kumar Gupta is a young and dynamic Chartered Accountant and has 21 years of experience in assurance, accounting, audit and business management. He is a member of the Institute of Chartered Accountants of India (ICAI). He is the Managing Partner of Gupta Accountants an accounting and advisory firm in Dubai UAE