ebs is the approved auditor in DMCC. ebs is one of the top listed auditors in the DMCC-approved auditors list. Dubai multi-commodity center DMCC was founded in 2002 by the government of Dubai which was directed to offer a physical market. It also provided a financial setup to initiate a global commodity trading hub. It offers the trade of precious stuff like diamonds, gold, colored stones, pearls, and other numerous sectors.
Benefits of DMCC’s Prime Plus Package:
- Three-year DMCC company license with discounts on setup fees.
- Operational Fitness Certificate and Establishment Card.
- Company stamp and commemorative certificate.
- Pay in 2 installments.
- Fast track company setup.
- Extended provisional approval validity.
- Dedicated support with the application submission.
- Add shareholders, license activities, and directors without any additional charges.
- 20% discount on additional business activities
- Secure new business with the DMCC business matching hub.
- Save up to AED 10,000 on additional services.
Amenities in DMCC
The DMCC-approved auditor is the dedicated global center for more than 13,000 businesses from a wide range of sectors. You will enjoy these amenities by registering your company in the DMCC.
- 0% corporate and personal tax for 50 years.
- 100% foreign ownership.
- Simple set-up process
- Assistance with the sponsorship of employees and many other services.
Is Audit Mandatory For Companies In DMCC?
Yes, auditing is mandatory for all Dubai Multi Commodity Centre (DMCC) Member Companies. In accordance with DMCC company regulations, an auditor has to be appointed by every DMCC member company. Each DMCC company should ensure that the appointed auditor is registered.
Should DMCC companies submit their audited financial statement to the authority?
Every TMCC company has to plot the audited financial statements. Also, they have to submit a summary sheet to the portal of DMCC within 90 days after the end of the financial year. In these cases, the authority may provide an extension of such a period. It is applicable to all DMCC companies to submit their audited financials.
If the company fails to submit the financial statements audited by the auditors in DMCC, it will attract a fine according to the DMCC company regulations. There can be a risk of non-renewal of trade licenses in DMCC as well.
How Can ebs Help You With Your Audit In DMCC?
ebs being the DMCC-approved auditors audit the books of accounts in accordance with the provisions of International Standards Auditing (ISA). We will help you to prepare and design your financial statements in accordance with our international financial standards without affecting the independence of auditing. We recommend you improve measures which enhance operating efficiency.
What Are The Documents To Be Maintained For Audit?
The following is the list of documents to be maintained for auditors.
- Bank statements and confirmations from banks.
- Legal documents such as a memorandum of association, articles of association, trade license copy, certificate of incorporation tenancy contract, and share certificate.
- Balance confirmation from debtors, third parties, and creditors.
- Statements of deposits from the DMCC portal.
- Copies of ledgers, sales invoices, expenses bills, and purchase bills.
- Complete sets of books of Accounts, and trail balance.
- Any other information the auditor may consider necessary.
How To Get Access To The Best Accounting Firms
Here are the important points you have to remember to get access to the best accounting and auditing firms in the UAE:
- Start by doing an online search for ‘accounting and auditing firms in Dubai,’ This will provide you with a list of firms in the areas.
- Once you have a list of firms, look at each website to get a better understanding of their services and experience.
- Contact each firm to ask for more information like a list of services and fee structure.
- Ask around your network to get personal recommendations for reputable firms.
- Attending business networking events in Dubai to meet accounting and auditing professionals.
- Once you have narrowed down your list, get an initial consultation with each firm to decide which is the best fit for your needs.
Why Choose ebs For Audit In DMCC?
We provide these auditing services for the companies in Dubai:
- We focus on providing quality service in a time-bound manner to our clients.
- We conduct audits according to the provisions of the International Standards on Auditing (ISA).
- Our vision is to provide a clear picture of the accounts of the company and bring progress financially and socially.
ebs is a leading provider of audit services in the DMCC free zone. We have a team of experienced and qualified auditors who are committed to providing clients with high-quality services. ebs has sound user experience as the clients give positive feedback.
We have a team of experienced auditors who have a deep understanding of local marketing. We have worked with a wide variety of businesses in Dubai.
If you are looking for a reliable and experienced audit firm in the DMCC, then ebs is the right choice for you. We offer a range of audit services to suit your needs, and we are committed to providing you with the highest quality of service.
Contact us today to discuss your audit needs. We would be happy to answer any questions you have and provide you with a free quote.