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: info@aviaanaccounting.com

Related Articles:

1. Top Ranked 10 Audit Firms in Dubai UAE 2024: Guide and Reviews
2. Audit Firms in Khalifa Industrial Free Zone Abu Dhabi – KIZAD
3. Audit Firms in Abu Dhabi
4. Audit Firms in Fujairah
5. Audit Firms in Ajman
6. Audit Firms in Sharjah
7. Top Audit and Accounting firms in Dubai, Abu Dhabi, Sharjah, UAE (2023)
8. Audit Firms in Ras Al Khaimah- RAK
9. Approved Auditors in Dubai Silicon Oasis Authority
10. Approved Auditors in DAFZA- Dubai Airport Free Zone Authority
11. Approved Auditors in Dubai Design District – the D3
12. Which are the Advantages and Disadvantages Of Cash- Basis Accounting in Dubai?
13. Which are the Accounting Missteps That Most Entrepreneurs Make in Dubai?
14. Which are the Best accounting apps for Dubai based Startups?
15. How does Outsourcing of Accounting work in KSA?
16. What are Methods of Error Detection While Auditing for Dubai and Abu Dhabi?
17. What are Questions to be asked to CPAs to Reduce Audit Risk in Dubai?
18. What is Dubai Silicon Oasis (Free zone in Dubai)?
19. What are Principles for DMCC Approved Auditors in Dubai?
20. What is Importance of Hiring Best Audit Firms in Dubai for better Tax planning?
21. What are Qualities in Approved Auditor in DMCC (Dubai)?
22. What is Role of Auditors in Abu Dhabi and Dubai?
23. How does Audit work in DMCC in Dubai?
24. How does Audit work in JAFZA in Dubai?
25. How does Audit work in SAIF Zone in Dubai?
26. How does Audit work for Free Zone companies in Dubai and Abu Dhabi?
27. How does Audit work in Dubai South?
28. What are Functions performed by internal auditors in Dubai?
29. Bahrain Guide: What is VAT Audit?
30. UAE Guide: What is VAT Audit in Dubai?
31. UAE Guide: What is FTA Audit File of VAT in Dubai?
32. Role of Internal Auditing In Change Management
33. What is Auditing Evidence? How External Auditors support their Opinion?
34. How Artificial Intelligence Will Change the Auditing Function
35. Value Addition for Business with Auditing
36. Compliance and Auditing: Are these both the Same?
37. Auditing Role in Modern Cybersecurity Challenges