DAFZA Approved Auditors
DAFZA Approved Auditors in Dubai
The Dubai Airport Free Zone Authority (DAFZA) is a key commercial hub at the heart of global trade. While it offers numerous opportunities for entrepreneurs, it also imposes specific operational requirements.
One of the most important obligations for DAFZA companies is to maintain transparent financial records and submit accurate annual audits. For this, businesses should work with DAFZA-approved auditors, such as Quick Digits.
We not only ensure full compliance but also provide the expertise to navigate regulatory complexities, enabling your business to thrive in a competitive environment.
Why You Need Us
Importance of Audit for DAFZA Companies
Audits play a crucial role for companies operating in DAFZA. The following points highlight their importance:
Regulatory Compliance
DAFZA requires all businesses to submit audited financial statements annually. This ensures transparency and compliance with UAE corporate governance laws. Failure to comply can result in penalties or suspension of business activities.
Tax Compliance
With the introduction of corporate tax and VAT in the UAE, DAFZA companies must ensure proper tax filings. Certified auditors verify that all tax submissions comply with applicable laws, reducing the risk of errors.
Financial Accuracy
Audits ensure that financial records accurately reflect your company’s performance, helping improve operations and increase profit margins.
Enhanced Credibility
A well-audited financial statement builds credibility and trust among partners, investors, and customers, helping secure investments and form strong business partnerships.
Our Process of Audit In DAFZA!
Our experts provide a structured and thorough DAFZA audit process, ensuring accuracy and compliance at every step:
1. Initial Assessment
Our experts begin the audit by analyzing your financial systems and understanding your business model. This helps identify potential issues and ensures the audit addresses your business requirements effectively.
2. Document Collection
In this step, we help gather all necessary financial documents. Our team thoroughly examines these records to gain insights into your business transactions and overall financial health.
3. Detailed Audit Execution
In this step, our experts review your financial records, validate data, and prepare a comprehensive audit report using industry best practices. This ensures complete accuracy and transparency throughout the process.
4. Feedback and Recommendation
Once the audit is complete, we provide feedback on your company’s full audit. Our experts recommend ways to improve efficiency, minimize risks, and correct discrepancies, giving your business a stronger foundation.
5. Submission to DAFZA
Finally, we handle the submission of your audited financial statements to DAFZA, ensuring your business remains fully compliant with all regulatory requirements and free from errors.
Why You Should Hire DAFZA Approved Auditors
The following points explain why hiring DAFZA-approved auditors is essential for businesses operating within the Free Zone:
DAFZA-registered auditors are authorized to perform audits for companies operating in the Dubai Airport Free Zone, adhering to IFRS and DAFZA regulations.
They ensure your financial statements meet all required standards and are submitted on time.
Understanding the unique challenges of the Free Zone, auditors provide tailored solutions to streamline operations.
Beyond DAFZA regulations, auditors have deep knowledge of UAE financial laws, including VAT, corporate tax, and other compliance requirements.
Documents Required to Conduct Audit in DAFZA
To conduct an audit in DAFZA, companies must provide the following documents:
- Financial Records: All records of financial transactions over the audited period.
- Ledger Summary: A summary of ledger balances to verify accounts.
- Invoices: Both issued and received invoices for sales and purchases.
- Agreements: Copies of agreements with vendors, customers, and partners.
- Payroll Records: Complete record of staff salaries and wages.
- Asset Documents: Records related to your company’s tangible assets.
Trusted Partners & Affiliations
We Handle Your Taxes,
You Grow Your Business.
Let our experts handle Corporate Tax, VAT, Audit, and Compliance, while you focus on growing your business with peace of mind.
FAQ
Is a Tax Consultant Necessary in Dubai?
With Dubai’s evolving legal and financial landscape, it has become essential for businesses of all sizes to engage a professional tax consultant. Their expertise helps resolve complex tax matters while ensuring full compliance with Dubai’s regulations.
How Do Businesses Pay Taxes in the UAE?
Since June 1, 2023, the UAE has applied a 9% corporate tax on net profits exceeding AED 375,000. Profits below this threshold are taxed at 0%. In addition, businesses must register for VAT if their taxable supplies exceed the mandatory registration threshold of AED 375,000.
What If I Miss a Tax Deadline?
According to Cabinet Decision No. 75 of 2023 and Ministerial Decision No. 74 of 2023, the UAE Federal Tax Authority imposes a fine of AED 10,000 for late corporate tax registration. Continued delays can result in additional penalties, starting from AED 500 per month and rising up to AED 5,000 per month depending on the length of the delay.
What are your tax consultancy fees?
Our tax consultancy services in Dubai start from AED 500 and can go up to AED 20,000, based on the scope and complexity of your requirements.
Can you help with Free Zone company tax compliance?
At Quick Digits, our tax experts assist Free Zone companies with complete tax compliance, including corporate tax registration, filings, and exemption assessments. We ensure your business meets all FTA requirements accurately and on time, covering major Free Zones such as DMCC, IFZA, MEYDAN, SHAMS, and RAKEZ.