Approved Auditors in the Dubai International Financial Centre – DIFC
Welcome to the financial hub of Dubai. The DIFC is an international financial Centre that has incorporated more than 2500 international companies from across the world so far. The DIFC offers a dynamic business environment for both financial and non-financial sectors. The Centre has largely been an attractive venue for financial and banking industries over the past 15 years.
If you plan to join the vibrant culture of financial supremacy in the region, you’ll need to register the business with the ROC in the DIFC. The registrar of companies (ROC) office provides the rules and regulations for business set up in the DIFC.
At Aviaan Accounting, we have an extensive range of accounting and auditing services. Our team of professional and experienced auditors can provide invaluable advice for your business growth. The DIFC operates under the independent regulatory framework, and as a designated free zone. Our experts can lead you through the accounting and auditing requirements in the Centre and across the UAE.
Types of Companies at the DIFC
Financial services providers, banking, private banking, Fintech, and non-financial institutes are leading operators in the DIFC. All private companies and investors can incorporate a company under the companies act in the DIFC.
You can register a company as:
- Company Limited by Shares – LTD
- Limited Liability Company – LLC
- Limited Liability Partnership – LLP
- A branch or office of a foreign-registered company
- Transfer of incorporated company into the DIFC
- A non-regulated Commercial License for Non-financial companies
Approved Auditors in DIFC – the Compliance Laws
The DIFC authorities provide comprehensive instructions on common reporting standards for the companies. The DFSA is the competent authority to ensure the legal and tax compliance for all companies within the DIFC.
The authorities recognize the approved auditors in DIFC. A comprehensive approved auditors list in DIFC is available on the web page as well. The purpose of partnering with established and approved auditors in DIFC is to ensure the highest reporting and tax compliance standards.
The DIFC has a unique and robust regulatory framework. Aided by competent authorities like DFSA and DIFC Courts. All companies require strict adherence to IFRS accounting and CRS compliance laws. You can ensure your tax and auditing compliance by partnering with one of the approved auditing firms in DIFC.
Benefits of Partnering with Approved Auditors in DIFC
The DIFC authorities provide clear instructions on auditing conduct. All DIFC registered companies must provide audited financial reports from registered and approved auditors in DIFC. The DFSA is the competent authority that approves these auditing firms in DIFC.
Some key benefits for your business for partnering with approved auditors in DIFC will include:
- Compliance with Common Reporting Standards (CRS) as required by DFSA
- Compliance with the FATCA laws – for applicable entities only
- Compliance with Tax and Auditing Laws as required by the DFSA
- Compliance with IFRS accounting standards as required by the DFSA
- Compliance with ERS, VAT, and other Tax regulations
Conducting business in an international financial hub provides unmatched business opportunities. At the same time, the authorities expect the highest professional and business standards from their registered companies. One of the key requirements is to maintain the accounts books according to the International Financial Reporting Standards (IFRS). All companies need to adhere to the IFRS regulations and provide audited financial statements. Partnering with approved auditors in DIFC remains a key obligation for all private companies.
Aviaan Auditing will be your trusted partner for auditing services in DIFC. If you have set up franchises or branches in other parts of UAE also, we can partner with you for professional accounting and auditing services.
Business at the DIFC – Financial Service Providers
One growing trend of businesses in the DIFC is for the Financial Service providers. These companies include business consultants, accounting and auditing, investment, wealth management, and financial advisory services.
The DIFC authorities indicate a tremendous demand in the financial services sector. The future demand for accounting and auditing firms in the UAE is also bound to grow. With the complexities of accounting standards, newer tax legislations, and the introduction of indirect taxes, the sector is set to see a surge in demand in the near future. Approved auditors in DIFC, already enjoy the benefit of early starters in the Financial Hub of the UAE and the region.
How to Prepare Account Books for Approved Auditors in DIFC
Registered and approved auditing firms in DIFC are subject to uphold the highest business standards themselves as well. The authorities require all companies to maintain accounting records in accordance with the IFRS laws. The exceptions are only for the international companies following other IAS or GAAP rules.
The DFSA provides comprehensive guidelines on accounting and auditing reporting. All private firms are required to adhere to the rules on accounts books, financial statements, regulatory returns, and conduct of audit from one of the approved auditing firms in DIFC.
We at Aviaan Auditing are a registered accounting and auditing firm in UAE, Oman, and KSA. We have a team of professionals and experienced auditors that provide the highest quality services to our clients throughout the UAE and in the Middle East region.
With our professional integrity and standards, we are one of the leading and experienced auditing firm in Dubai. You can expect the best auditing services from us with full trust.
For enquiries, call +971 5679 52590 / E-mail: email@example.com