Dubai Auditors: Saif Chartered Accountants is a professional firm of Chartered Accountants, established in Dubai as an auditing and accounting firm.We are one of the most trusted Auditors in Dubai. We have a full-fledged team with professional qualifications and experience in the field of accounting, auditing, VAT and business consultancy.
Established in 1994, with offices in Dubai, Hamriyah Free Zone, Sharjah and associate office in RAK Free Trade Zone and branches in London and Bangalore. Saif Chartered Accountants cater to a wide spectrum of clientele from diversified industries located in UAE.
A statutory audit may be a legally required review of the accuracy of a company’s or government’s financial statements and records. An audit is an examination of records held by a corporation , business, government entity, or individual, which involves the analysis of monetary records or other areas.
Dubai Auditors : Is Audit is Mandatory in Dubai, UAE?
All the countries in the world are generally required to audit the companies established there. It is also mandatory for mainland companies to audit Dubai Emirates. But in free zone companies, it is the respective authority that decides whether to audit or not.
Audit is mandatory for all companies regulated by Commercial Company Law. Financial records are to be kept for 5 years.
Free Zones such as Dubai Multi Commodities Centre (DMCC), Dubai Airport Free Zone (DAFZA), Dubai South (DWC), Jebel Ali Free Zone (JAFZA), Dubai International Financial Centre (DIFC), Dubai Silicon Oasis (DSO) etc. are mandated by the Audit Act. The free zone must be audited by an auditor approved by the authorities. Saif Chartered Accountants are accredited Dubai auditors in all major free zones including DMCC.
What is Mainland Companies in UAE?
Mainland is basically the location outside of a free zone area. Companies in mainland are onshore companies with their licenses issued by the Department of Economic Development (DED) or any related department in other Emirates. These companies allowed to do business without restrictions whatsoever in the local market and outside the UAE.
What is Free zone Companies in Dubai, UAE?
free zone authority is largely a location in the UAE that has its jurisdiction within the said location. it’s its own set of rules and regulations. Companies that established in a free zone allowed to do business in there or outside the UAE.
There are many benefits in free zones that the majority commonly referred to as free zone benefits. this suggests that companies that established in free zones can enjoy 100% ownership without having any local sponsorship as a contrast to establishing a corporation within the mainland.
Auditors in Dubai – Other Services
We offers Accounting Services in Dubai. Online accounting and offsite accounting services ensures quality account and financial record maintenance and customer support. Our accountants in will assist you to significantly reduce the administrative burden and financial costs
Online accounting platforms : ZOHO Books, FreshBooks, QuickBooks, Sage, Xero