Typical annual audit cost
DMCC, DIFC, JAFZA, DAFZA, DHCC
Corporate tax qualifying status
Several free zones require audited financial statements before licence renewal — DMCC, DIFC, JAFZA, DAFZA and DHCC among them. Certain mainland legal forms and activities are also required to audit. Separately, any company claiming Qualifying Free Zone Person status for corporate tax must have audited statements, whatever its zone requires.
Typically AED 5,000 to AED 15,000 a year for a small to mid-sized company, driven by transaction volume, the number of bank accounts and how well the records are maintained. Poor bookkeeping is the single biggest driver of audit cost, because the auditor has to do work you could have done for less.
No, and that separation is deliberate. The audit must be performed by an independent approved auditor registered with the relevant authority. What we do is maintain the records, prepare the audit file, appoint an appropriate firm and manage the process so the audit runs quickly and without surprises.
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