JAFZA is a thriving special economic zone that supports nearly $100 billion in trade. The place enables 100% foreign ownership with no restrictions-under 0% corporate tax and no export and import duties. The main interest of setting up this place was to attract foreign investment. A globally admired area with port, parks, and economic zones, JAFZA contribute a GDP of 36% to the overall income of the place.
We have approved auditors in JAFZA. SNR Associates, a division of Vertex Auditing group in one of the leading Registered auditors in JAFZA. We offer a wide range of services including auditing, assurance, taxation, advisory, and consultation. As a JAFZA approved audit firm, we excel in giving customized auditing solutions for compliance and assurance. our unmatched talents clubbed with the practical experience helps to conduct hassle-free audits required for JAFZA.
All free zones are subjected to certain laws and regulations. According to JAFZA regulations, an audit is compulsory for all the organizations enrolled under it.NO.1/59 clause(51) of JAFZA regulation states that all companies should conduct an annual external audit with a JAFZA approved auditor.
Frequently Asked Questions
Auditing with the companies registered with JAFZA needs auditing as a mandatory one. As per the rules and regulations of the free zone, all JAFZA registered companies should have approved an auditor to make the annual audit report.
The approved auditors in JAFZA will involve in the auditing of companies and protect shareholders from any fraudulent business practices. Auditors will provide the summary sheet of the financial figure in the prescribed form is to be signed and stamped.
The VAT transactions JAFZA are carried by professional auditing experts. They guide the accountants to design and prepare the financial statements following the IFRS without affecting the independence audit, wherever necessary. The audits will take a corrective measure for transactions.
SNR Associates have a JAFZA registered auditing team that will conduct an audit under the provisions of ISA. We mainly focus bring forth quality service in a time-bound manner. SNR associates team vision is to ensure clients progress financially and socially.
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