DAFZA Approved Auditors
Audit Firms in Dubai Airport Free Zone | DAFZA Approved Auditors
DAFZ auditors
One of the most creative and cutting-edge free zones in the United Arab Emirates is the Dubai Airport Freezone (DAFZ). Situated in the center of Dubai, this forward-thinking corporate center shares a property with Dubai International Airport (DXB). Apart from its top-notch facilities and advantageous location, DAFZ offers clients full licensing assistance when they launch a tax-free business in Dubai.
In addition to accepting 100% foreign ownership and 100% capital and profit repatriation without exchange limits, the DAFZ is a free zone that is VAT-exempt. More than 2,000 enterprises from more than 20 sectors and industries are currently registered there, and more than 20,000 professionals take use of the business-oriented regulations.
DAFZ provides industrial licenses, trading licenses, service licenses, and freelancing Talent Pass licenses. Additionally, they grant business owners a “dual license” with the Dubai Department of Economic Development (DED), enabling them to conduct operations on the mainland of Dubai without the need for real office space.
Businesses in the DAFZ are required to prepare their yearly financial accounts and have them audited by a Dubai-approved auditor. Within ninety days following the end of the fiscal year, the audited financial accounts must be submitted to the Freezone authorities. In general, the majority of businesses prepare their financial statements using the IFRS (International Financial Reporting Standards) framework.
Only when the audit is conducted by an authorized auditor on the DAFZ authorities’ list will the DAFZ accept the audited financial statements. The Dubai Airport Free Zone Authority (DAFZA) has authorized EXL Auditors as an auditor and the firm is registered in Dubai. EXL Auditors assists companies in the DAFZ by creating audit reports that adhere to International Financial Reporting Standards (IFRS) and provide guidance on a range of compliance needs pertaining to the DAFZ and the Dubai Mainland.
We have been a reliable partner to our clients and DAFZ since the beginning of EXL Auditors.