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Approved Auditors in DMCC/JLT

We are a leading firm of chartered accountants/auditors and VAT/Tax advisers in DMCC/JLT, providing accounting and tax advisory services to entrepreneurs, executives, family offices, and expanding businesses.  

The DMCC facilitates trade in a variety of goods such as gold, diamonds, and precious metals, as well as tea, food, and industrial materials. Besides being home to multinationals and start-ups, we also offer world-class services, strong infrastructure, and a vibrant community to more than 18,000 businesses. In order to ensure compliance with local and international laws, regulations, and best practices, DMCC developed a robust compliance structure.   

As a rule, all DMCC member companies must submit their Audited Financial Statements through a DMCC Approved Auditor. In Dubai, the DMCC is the first entity rated A by Standard & Poor’s Ratings Services. 

Our Services in DMCC

Auditing & Advisory Services

Accounting & Bookkeeping

VAT Consultation Services

Business Setup and Licensing Services

Economic Substance Regulations

ERP Implementation & Support

Corporate Finance Services

Valuation Services in Dubai

Payroll Updatation Services in UAE

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Frequently Asked Questions

Yes, all the companies incorporated under the DMCC are required to conduct an audit. Every company in the DMCC free zone is required to keep audited financials for the last five years. The business could be fined up to 5,000 AED if it fails to submit the required documents to the free zone authority or have its trade licence rejected if it fails to renew.
 

In order to comply with accepted standards, businesses must organize their documents before an audit. When your business is audited by the auditors in Dubai, you need to answer their questions. You should present the auditor with documents such as the trial balance, VAT return filings, general ledger, important business contracts, legal documents (copies of trade licenses and MoA), a fixed asset schedule with calculations of depreciation, a schedule of payables and accrued expenditures, a list of advances and prepayments, and a list of customers, suppliers and bank reconciliations, etc. Preparing the papers appropriately will make the auditing process easier for you as well as the auditor.

Chiefly, in order for an Audit Firm to be approved as an Approved Auditor and be maintained on the Approved Auditor List, the Audit Firm must be able to demonstrate to DMCCA’s satisfaction that the Audit Firm meets or otherwise complies with the following minimum requirements:

  1. The Audit Firm has an Audit Partner or Lead Auditor that has a Public Accounting Qualification (defined below) and a minimum of 10 years of public accounting experience;
  2. The Audit Firm has a valid commercial/professional trade license from a recognized competent authority within the UAE that permits the activities of auditing accounts;
  3. The Audit Firm has a physical location in the UAE;
  4. The Audit Partner has a certificate of valid accreditation from the UAE Ministry of Economy;
  5. The Audit Firm has demonstrated sufficient capacity and professional qualifications of personnel who will be providing audit services to a Member Company;
  6. Public Accounting Qualification means a professional qualification in public accounting that permits an individual to practice public accounting in the country in which the certifying accounting body is domiciled. 
  7. We can help you right from setting up your business in DMCC and also can help you in maintaining your books of accounts and helping you in VAT related services for you business in the UAE.

ALYA is a reputed Chartered Accountant Firm in Dubai with its head office at Business Bay and a branch office at SAIF zone with expert professionals who can help you with the registration and formation as well as liquidation and de-registration of your business in any of the UAE Free Zones.

Being approved auditors in Dubai and are listed auditors in almost all major freezones in Dubai including DMCC,DWC,JAFZA,SAIF,Maydan etc.Our market experience and the solid personal relationships which we constantly maintain with the major finance providers and business communities, we behold specialist advisory skills to support you both in the local and global market place.

With ALYA, we can help you identify the needs of your business by:

  • Guidance & Support for strategizing and providing business advisory services.
  • Assessing the risks associated with the business and advising you on how to manage them.
  • Prepare the regulatory department’s application form for you
  • Proper guidance should be provided when selecting the location of warehouses and/or offices.
  • Support for VAT Registration, VAT Implementation, and VAT Return Filing
  • Tax restructuring
  • Accounting and bookkeeping services
  • Accounting & Financial Reports
  • Audits & assurances

With the continuous support from our Chartered Accountants, you will get core business advice, qualitative solutions and unique experience that are specifically catered with your business needs. Alya Auditors in one of the leading chartered accountants among the approved auditors in DMCC. Approved Auditors List 2020. 

Testimonials

Lara 68
Lara 68Manager, Mace International
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I'd say that , I had a smooth audit experience with Mr Bibin. In fact, extremely satisfied with his work. Thank you
Waqas maddas
Waqas maddasMD Alif Solutions DMCC
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In my experience, the best and smooth auditing experience ever.. ALYA team is highly qualified & extremely professional. They not only audited my company accounts @ reasonable price but also provided consultation. To point out, I had a great experience working with Alya team and will continue to do so !
Cristus Cleetus
Cristus CleetusCEO, Turquoic
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When our company was setup, we were looking for someone offering A to Z solutions. We ended at Alya Auditors. Alya has a full backup and support system and hence, they are succefully handling our entire project. Thank you
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