Approved Auditors and Accountants in Dubai Healthcare City (DHCC)

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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

 

  • Free Zone Limited Liability Company (FZC-LLC)

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.

 

  • Branch of UAE Company

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.

 

  • Branch of a Foreign Company

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

  • Approved auditors in Dubai Healthcare City are required to audit the financial statements of businesses established in this free zone in adherence to the mandatory audit regulation.
  • The auditors ensuring compliance with Dubai Healthcare City-Mandatory Audit shall also make a report to the shareholder about the results of the audit and whether generally accepted auditing standards are being followed.
  • In cases wherein the generally accepted accounting standards different from the one used in DHCC are used, Approved auditors in Dubai Healthcare City are required to identify these in the auditor’s report and mention their opinion of its appropriateness, effect, and extent. Moreover, a Company's Articles of Association in DHCC also requires account keeping, submission of the financial statements before general meetings of the Company, and audit of the company’s accounts for each Financial Year by approved auditors in Dubai Healthcare City.
  • Businesses established in this thriving free zone are required to maintain compliance with the accounting regulations and 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?

  • AMCA, one of the best auditors in Dubai Healthcare City Free Zone, plays a critical role in maintaining financial integrity and stability while ensuring accuracy and transparency.
  • The exceptional accounting services provided by AMCA skilled professionals comprise proficient bookkeeping, preparation of financial statements, and strategic tax planning and advisory.
  • Being one of the best auditors in Dubai Healthcare City Free Zone, AMCA also provides complete auditing solutions, ranging from meticulous examination of the financial statements, reviewing internal controls, and maintaining seamless compliance.
  • The highly skilled team of experienced accountants and auditors of AMCA helps your business to achieve growth by optimizing financial performance and enabling informed decision-making.

Gain strategic advantage in DHCC through AMCA’s exceptional auditing and accounting services!

 

Read More: Top Meydan Free Zone approved auditor in Dubai,UAE


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