02 May 2024
Established in 2002, Dubai Healthcare City (DHCC) is a thriving wellness and health sector situated in the heart of a progressive destination and a crossroad of global trade in the Middle East. This strategic position combined with state-of-the-art infrastructure, regulatory support, and modern facilities provides entrepreneurs and investors with an environment conducive to excellence.
Globally acclaimed as the world’s first and one-of-a-kind free zone dedicated to premium healthcare, wellness, and medical education, the DHCC serves as an ideal location for businesses in healthcare, hospitality, tourism, real estate, and supply sectors.
In this innovative, advanced, and business-friendly landscape, a significant role is played by the Dubai Healthcare City (DHCC) auditors and accountants. They serve as a backbone for financial integrity and uphold the regulations and standards set in DHCC. For businesses to maintain regulatory compliance, they must adhere to the mandatory record-keeping and audit requirements by appointing Dubai Healthcare City (DHCC) auditors and accountants. Hence, appointing one of the Best Auditors in Dubai Healthcare City Free Zone becomes a significant factor for compliance.
Types of Company Structure in DHCC
To set up a Free Zone Limited Company Formation (FZC-LLC), a minimum of one shareholder and at least one director is required. These can be individuals or corporations. As Free Zone Limited Company Formation (FZC-LLC) is an independent legal entity, this type of company formation is the most popular choice in DHCC.
A UAE parent company that is registered outside DHCC jurisdiction can establish a branch company which should be completely owned by the parent company, within DHCC. This type of Branch Establishment is legally dependent and there is no requirement for a minimum capital.
A parent company that is non-registered with the UAE can establish a branch that will be legally dependent within the DHCC, termed as Branch of a Foreign Company. No minimum capital is required for this type of company establishment.
Dubai Healthcare City-Mandatory Audit
Keeping books of account in DHCC
The records of accounts should be kept for at least 5 years following the end of the Financial Year and shall be open to inspection by directors at all times.
Additionally, the directors of every company shall prepare for each financial year a balance sheet and a profit and loss account in accordance with the prescribed form mentioned in the company’s Article of Association. Such accounts will be a part of the company’s financial statements.
Why choose AMCA as your trusted accounting and auditing partner?
Gain strategic advantage in DHCC through AMCA’s exceptional auditing and accounting services!
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Other free zones in Dubai, UAE
Dubai Airport Freezone Authority (DAFZA)
Dubai Multi Commodities Centre (DMCC)