Our firm provides a range of services to entrepreneurs, high net worth individuals, family offices, and growing companies in the UAE.
Dubai Silicon Oasis is a globally recognized free zone and an integrated technology park that allows people to live, work, and play. Hosting modern technology based industries and an urban master-planned community in an iconic location, DSO offers state-of-the-art infrastructure and in-house business services.
Any established company, whether in the UAE or abroad, can register its branch in the Dubai Silicon Oasis. The activity of the branch proposes to conduct in the Dubai Silicon Oasis is required to be identical to the activity conducted by the parent company.
Yes, Auditing is mandatory for all DSOA Member Companies. In accordance with DSOA Company regulations, an auditor has to be appointed by every DSOA member Companies.
Every JAFZA Company has to submit the Audited Financial Statements and Summary Sheet to the JAFZA before the renewal of their trade license.
Submission of Audited Financials is applicable to all DSOA companies including subsidiaries and branch companies. DSOA Authority can request additional documents at any stage of the process as well as can request the original documents during inspection.
If a company fails to submit the financial statements audited by the approved auditors in DSOA, within 90 days from the financial year end, it will attract fine as per the provisions of the DSOA Company Regulations. Further there is a risk of non-renewal of trade license in DSOA as well.
The following are the list of documents to be maintained and submitted for auditors.
Alya Auditing being the DSOA approved auditors audit the books of accounts in accordance with the provisions of International Financial Reporting Standards (IFRS). Further we help you to design and prepare your financial statements in accordance with the International Financial Standards (IAS /IFRS) without affecting the in dependency of auditing. We recommend to improve the internal control measures which will enhance the operating efficiency.
Our auditors will perform a comprehensive assessment on your financial statements to see its fairness and accuracy. The financial records will be made certain to be in compliance with international accounting and auditing standards.
There will be a detailed analysis that will be conducted on your business activities to identify what should be done for the further improvement of your business.
Regulatory standards are ensured to be complied to by the internal policies and procedures of your company.
A broad audit that has the combination of financial and operational audits with information technology will be used to assess the quality other compliance materials that are in need of analyzing.