In the Jebel Ali Free Zone (JAFZA) of Dubai, companies must adhere to various regulatory compliance requirements to operate effectively. These include obtaining necessary trade licenses, adhering to local labor laws, and ensuring customs compliance for imported goods. Additionally, businesses must maintain accurate financial records and submit annual financial statements to relevant authorities. An accounting firm can be instrumental in guiding companies, entities, and branches of foreign firms in navigating these requirements. They can provide essential services such as bookkeeping, tax advisory, and auditing, ensuring compliance with both local regulations and international standards. This support not only minimizes the risk of penalties but also enhances the overall operational efficiency of businesses in the free zone. By leveraging the expertise of accountants, companies can focus on their core operations while ensuring all regulatory obligations are met.

Comprehensive JAFZA Compliance, Audit, Tax & Accounting Services

Regulatory Compliance

Compliance with Federal legislation applicable in the Free Zone (like UAE Value Added Tax, UAE Corporate Tax, UAE Customs, UAE Excise etc.)
Compliance with Municipal legislation applicable in the Free Zone
Compliance with all applicable rules, regulations, notices and practices of the Free Zone

Financial Statements Audit

According to the Jebel Ali Free Zone Rules 2023 (Ninth Edition), companies operating in JAFZA are required to submit their audited financial reports, including the balance sheet, by the end of each financial year. The audit must be conducted by a JAFZA-approved auditor.
The audit report must be issued together with the summary report by an auditor holding a valid Dubai Economic Department (DED) license and approved by JAFZA.
The financial year period must be no less than 6 months and no more than 18 months, with the audit conducted by a JAFZA-approved auditor holding a valid Dubai Economic Department (DED) license.
The audit report must be signed by the FZE/FZCO manager and stamped with the company’s official stamp before submission on the Dubai trade portal of the JAFZA.

We support businesses with their JAFZA annual compliance audit requirements in line with Jebel Ali Free Zone Authority regulations.

Value Added Tax

Companies in Jebel Ali Free Zone must comply with VAT registration requirements as per UAE Federal Tax Authority regulations. If the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000 in a 12-month period, Jebel Ali Free Zone companies are required to register for VAT.
For businesses with taxable supplies and imports between AED 187,500 and AED 375,000, voluntary VAT registration is also available. The VAT registration must be completed within 30 days from the date of exceeding the threshold.
Companies must ensure proper VAT compliance by maintaining accurate records, submitting VAT returns, and fulfilling all other obligations as per UAE VAT law

We provide comprehensive VAT support to businesses across the UAE, including VAT registration services in UAE, accurate and timely VAT return filing services in UAE, and expert assistance with VAT refund services in UAE to maximize your recoveries. Our team also helps correct past errors through VAT voluntary disclosure services in UAE (VDS) and prepares your business for inspections with reliable VAT audit services in UAE, ensuring full compliance with Federal Tax Authority regulations. Additionally, we assist companies with smooth and compliant VAT deregistration services in UAE when they no longer meet the required thresholds.

Corporate Tax

Companies in Jebel Ali Free Zone must comply with UAE corporate tax regulations, which came into effect in June 2023.
According to the UAE Corporate Tax Law, businesses based in the Jebel Ali Free Zone (JAFZA) must register for corporate tax.
Companies must keep accurate accounting records and financial statements, prepared in compliance with UAE tax laws.
Companies must file their annual corporate tax returns with the FTA and pay any applicable taxes within the specified deadlines which is currently set at within 9 months from the end of the financial year of the company.
It should be noted that the Jebel Ali free Zone is a geographically designated and defined area in the United Arab Emirates and is considered a qualified free zone for the purposes of the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses and its amendments).
The Jebel Ali Free Zone being considered a qualified free zone for the purposes of the UAE Corporate Tax Law means that the companies based in this free zone could benefit from a 0% Corporate Tax rate on qualifying income as specified by the relevant Corporate Tax Cabinet and Ministerial decisions under UAE Corporate Tax Law.

We offer end-to-end corporate tax support to businesses in the UAE, including seamless corporate tax registration services in UAE, accurate and timely corporate tax return filing services in UAE, and strategic advisory through our UAE corporate tax consultancy services to help you stay compliant and tax-efficient. Our experts also assist with corporate tax assessment and planning services, provide support during reviews with UAE corporate tax audit services, and guide businesses through corporate tax deregistration services in UAE where applicable, ensuring full compliance with regulations set by the Federal Tax Authority.

Additional JAFZA Compliance Services for Your Business

➤ Accounting Services
➤ Internal Audit Services
➤ Tax Planning Services
➤ Transfer Pricing Compliance Services
➤ Tax Residency Certificate Domestic Services
➤ Tax Residency Certificate International Services
➤ Double Taxation Avoidance Services
➤ Domestic Minimum Top Up Tax - DMTT Compliance Services
➤ FTA Penalty Reconsideration Services

Why Regular Compliance Matters

➤ Avoid penalties and fines
➤ Maintain good standing with authorities
➤ Ensure smooth business operations
➤ Build credibility with banks and investors

Why Choose Gupta Accountants?

➤ Experienced in UAE free zone regulations
➤ Dedicated compliance specialists
➤ Timely reminders and proactive support
➤ Customized solutions for your business

Get Started Today and ensure your business stays compliant without the stress.
Partner with Gupta Accountants for reliable and efficient regular compliance services for JAFZA.

JAFZA Regulatory Compliance