AFZA Approved Auditors
JAFZA Approved Auditors Ensuring Compliance and Business Growth
The Jebel Ali Free Zone Authority (JAFZA) offers exceptional benefits for entrepreneurs, including tax exemptions, easy access to international markets, and world-class infrastructure. However, compliance with JAFZA’s financial regulations is mandatory for businesses operating within the Free Zone—particularly when it comes to audits.
Auditors play a crucial role in ensuring compliance and enabling smooth business operations in the Free Zone. This guide explains everything you need to know about JAFZA-approved auditors—what they do, why your business needs one, and the documents required for an audit in JAFZA.
Finally, we highlight how our auditors in Dubai support your business growth while ensuring full compliance with JAFZA Free Zone Authority regulations.
WHY DO YOU NEED US
As Approved Auditor In JAFZA
The following points highlight the importance of JAFZA-approved auditors for businesses operating within the Jebel Ali Free Zone:
Official Compliance
If your business operates in JAFZA, your financial statements must be audited and signed by a JAFZA-approved auditor, who is authorized to submit reports directly to the Free Zone authorities.
Customization Capabilities
Your financial statements are considered valid only when certified by an approved auditor. Any errors or non-compliance can lead to hefty fines and penalties, which may negatively impact your business.
Security and Compliance
JAFZA-approved auditors possess specialized expertise in Free Zone regulations. They review every financial statement in detail, ensuring your financial reporting fully complies with JAFZA standards.
Build Credibility
An audit report prepared by an approved auditor strengthens your company’s reputation in the market. It reflects your commitment to transparency and compliance, building lasting trust with stakeholders and business partners.
Our Process of Audit in JAFZA
The following is the step-by-step process of an audit conducted for companies operating in the JAFZA Free Zone:
1. Initial Consultation
We begin with an initial consultation to understand your business, its nature, and its operations within JAFZA. This step is essential to identify challenges and address the specific requirements of your audit.
2. Document Collection
Next, we gather all the required documents. This process is handled carefully to prevent delays and eliminate potential hurdles during the audit.
3. Detailed Review
Our experienced JAFZA auditors thoroughly review your financial records to ensure accuracy, compliance, and transparency.
4. Compliance Check
We ensure your business operates in line with JAFZA laws and regulations. This guarantees your audit report fully meets the strict standards set by the authorities.
5. Audit Report Delivery
Finally, we provide a comprehensive audit report containing financial insights, compliance feedback, and recommendations for future improvements.
What Documents Are Required for an Audit in JAFZA?
Balance sheets, profit and loss statements, general ledgers, and other key financial documents.
Well-maintained and organized records of all transactions.
Detailed and accurate bank statements for the audit period.
Lease agreements and other contracts related to business operations within JAFZA.
Trade licenses, shareholder agreements, and certificates of incorporation.
VAT returns and supporting documents.
Memorandum of Association (MoA) and Articles of Association (AoA).
What Does It Mean To Be A JAFZA Approved Auditor
We are a professional auditing firm registered with the Jebel Ali Free Zone Authority (JAFZA). This registration authorizes us to conduct audits for companies operating within this jurisdiction.
A JAFZA-approved auditor ensures that your business maintains transparency and compliance with all Free Zone regulatory requirements.
The JAFZA auditing framework is designed to make sure businesses present accurate and reliable financial reports.
Working with an approved auditor means you are choosing specialists who fully understand the rules, regulations, and procedures of the Free Zone.
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.