Jumeirah Lakes Towers (JLT) is a 200-hectare mixed-use waterfront master development that facilitates both business and community life by offering commercial, residential, and retail property for sale and lease. It is the UAE’s fastest growing free zone development. The JLT free zone now has over 6,500 enterprises using its facilities and services, ranging from multinational corporations and important regional industry participants to small and medium-sized businesses and start-ups. The JLT free zone is the first choice for basing your business in Dubai because of its streamlined processes, dependable customer service, unique services and industry clustering, contemporary infrastructure, great location, and freehold commercial and residential property.
All the companies registered under DMCC/JLT free zone have to be conducted an annual audit at the time of its trade license renewal. While the standard reporting period is one calendar year, a company may nominate a different reporting period the first reporting period will commence from the date of incorporation and must not be less than six months and no more than eighteen months. The audited financial statements must be furnished to the DMCC authority while renewing the trade license of the company. The auditor needs to be licensed by the UAE Ministry of Economy. Before engaging, an audit firm, DMCC advises all companies to ensure their auditor holds the necessary licenses.
The DMCC/ JLT Free zone offers all the benefits like other free zone. The main reason behind the success of DMCC Free zone is the location. It is located exactly close to Sheikh Zayed Road and very closer to Jebel Ali Port which attracts more foreign investors to the free trade zone. The other benefits of the free zone are,
The annual audit for registered companies in DMCC/ JLT free zone is mandatory. The free zone is getting more attention from foreign investors. There are more than ten thousand of companies are registered so far.
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Alya Auditors assists the registered companies to furnish the annual financial statements . For more information visit us @ www.alyaauditors.com