DMCC Approved Auditors 2021
Registered Auditors in DMCC
DMCC (Dubai Multi Commodities Centre) located in Jumeirah Lake Towers (JLT) has become the largest free zone with over 18000+ Companies as of 2020. DMCC has attracted record-breaking 2025 companies to Dubai even in this pandemic situation.
With growing companies, there is a growth in need of clear-cut auditing. As per the set regulations in DMCC/JLT, auditing company financials is expected to do from one of the approved auditors listed by the DMCC free zone authority.
SNR Associates, a division of Vertex Auditing group is a DMCC approved audit firm in Dubai. We are a leading DMCC Approved Auditors providing financial statements in accordance with international financial reporting standards (IFRS). As one of the Auditors in DMCC, we are offering a wide range of services including but not limited to all types of accounting services, auditing and assurance, taxation services, advisory, and consultation.
Is Audit Mandatory for Companies in DMCC free zone?
The annual external audit is mandatory for all DMCC registered companies. To perform an audit for JLT and DMCC free zone companies, DMCC authorities have published a list of approved auditors. To become registered audit firms in DMCC Free Zone, auditors in Dubai should have a valid professional license from Economic Department.
Does DMCC Companies need to submit their Audited Financial Statements to the Authority?
The DMCC mandates that the audited financial statements and summary sheets need to be submitted annually. Submission of the annual audit report and renewed trade license has to be uploaded within 90 days after fiscal year-end through DMCC Portal.
Is there any penalty if DMCC companies are not audited?
If a company fails to submit its financial report within the deadline, it will attract a fine as per the provisions of DMCC Company Regulations. It may also lead to risks of non-renewal of trade license.
Documents that need to be maintained for Auditing in Dubai multi commodity centre
- Bank statements
- Bill Copies and invoices
- Deposit statement from the DMCC portal
- Credit/debit confirmation slips for all financial transactions
- Memorandum of Association (MoA)Articles of Association (AoA)
- Recent trade license
- VAT and excise tax Registration Details.