DMCC Auditing
DMCC Auditing
DMCC Auditing – DMCC Auditing service by Saif Chartered Accountants, Dubai.
DMCC (Dubai Multi Commodities Centre) is the fastest growing free zone in the UAE. Its mixed use waterfront master development is simplifying both business and Community living by offering commercial, residential and retail property for sale and lease. Situated in the deep heart of modern Dubai, it can easily be accessed by two metro stations. The DMCC/JLT free zone is located on Sheikh Zayed Road, the main highway connecting Dubai and Abu Dubai, and in close proximity to Jebel Ali Free Zone and ports, Al Maktoum International Airport, and the Dubai Logistics Corridor. Streamlined processes, dependable customer support, unique services and industry clustering, modern infrastructure, prime location, freehold commercial and residential property are some of the reasons why theDMCC / JLT free zone is the first choice for locating your business in Dubai. DMCC registers and licenses companies, provides visa and other related government services and also supports new companies in obtaining the services required to establish their businesses in Dubai.
DMCC Auditing : is audit is mandatory?
Audit in DMCC/JLT registered companies are made compulsory
DMCC Auditing : Penalties for Non compliance of Audit for companies in DMCC/ JLT
Recently the free zone Authority issued a fine policy for all the clients who have not submitted the audited financials on time. Audit in DMCC/ JLT is compulsory for all registered companies in the free zone. As per DMCC guide lines all its registered members need to submit audited financials for each year within three month from the date of financial year ended. Those clients failed to submit audited financials on time are being penalized for a minimum of Aed 5000 for each financial year. DMCC has already implemented and started to issue fines for the clients who have not submitted audited financials. If any registered member in DMCC has not prepared and submitted the financials to free zone authority then you will be experiencing financial penalties and service termination also.
DMCC – An over view
Dubai Multi Commodities Centre
مركز دبي للسلع المتعددة
The Dubai Multi Commodities Centre is a free zone authority for the JLT Free Zone. It was established in 2002 as a strategic initiative of the government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up a commodity market place in Dubai. As of June 2013, it had over 6,800 registered members including both commodities and other businesses.
DMCC comprises modern infrastructure, free-hold property and trade networking platforms as well as industry including secure vaults and purpose-built storage facilities. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. Ahmed Bin Sulayem is the Executive Chairman of DMCC.
Saif Chartered Accountants
1106, The Prism,
P O Box 34927,
Near Business Bay Metro Station,
Business Bay, Sheikh Zayed Road, Dubai, UAE. Tel: +971 4 4518600, Fax : +971 4 4518599
Mob: +971 50 8550 765, +971 50 675 9158 Mail: [email protected]
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