There are multiple free zones that are present and operating in the UAE and help the businesses by facilitating an environment that allows the business to grow and flourish in the UAE’s business world. The rules and financial regulations of UAE Free Zones is different that of Mainland Companies. In order to manage the businesses well, it is also very important that the financials of the businesses are in order and maintained in a regular manner so that the financial standing of the business could be ascertained and growth could be measure in monetary terms. Beyond record-keeping, most UAE free zones require businesses to undergo an Audit in Free Zones by approved auditors. Reyson Badger is one of the leading auditors in the UAE that have been approved by the free zone authorities and provide best free zone auditing services in the UAE.
Every free zone in the UAE is regulated by their own rules and regulations and it is imperative for every business operating in the free zone to comply with the regulations and requirements set up by the required free zones. Below are the major free zones in the UAE for which Reyson Badger is an approved auditor and will assist your business all along the way in complying with the regulations requirements of the free zones.
A free zone audit is an independent examination of a company's accounting records operating within a free zone. The purpose of this audit is to verify whether the financial statements of the company comply with the specific accounting standards and regulations set by the free zone authority. The process assures the accuracy and reliability of financial information, and it is often mandated for businesses exceeding a certain size or revenue level. Such an audit is essential for renewing trade licenses and maintaining good standing with the authorities.
Some of the few free zones, reyson badger is registered as approved auditors, is mentioned below.
Companies that exceed certain turnover thresholds or employee counts may be required to undergo audits in some UAE free zones, but others may not be. Audited financial statements are essential for the smooth renewal of trade licenses within your free zone authority, regardless of the legal requirements. The failure to comply with these regulations could result in penalties or fines. As the UAE Corporate Tax is slowly being introduced, it also requires your financial statements to be audited. Click here to know more about how UAE Corporate Tax affects Free Zone Companies.
A professional Free Zone Audit Service provider is crucial for businesses that need a Free Zone Audit. They will have the necessary expertise and experience to navigate the specific requirements of your chosen free zone authority.
At Reyson Badger, our team of experienced free zone auditors possesses a deep understanding of the various audit requirements across UAE free zones. We can guide you through the entire process, ensuring a flawless renewal and encouraging financial transparency for your business. Our mission is to go beyond mandatory compliance by providing valuable insights that can be used to make informed business decisions. Let Reyson Badger be your trusted partner in navigating the complexities of free zone audits and unlocking the full potential of your venture.
Here are the Audit Services , Reyson Badger offers in Free Zones.
Internal Audit | Investigation Audit |
External Audit | Information System Audit |
Financial Audit | Tax Audit |
Due Diligence Audit | Operational Audit |