03 May 2024
Jebel Ali Free Zone Authority (JAFZA) is one of the world’s largest and most dynamic free zones, playing a pivotal role in global trade and logistics. Home to over 9,500 companies, including 500+ Fortune Global enterprises, JAFZA is a powerhouse of economic activity in the UAE. It owes its success to its strategic location, world-class infrastructure, multi-modal connectivity, and pro-business environment.
As a highly regulated and efficient logistics hub, JAFZA mandates strict compliance with financial reporting standards. To maintain corporate transparency and build investor trust, Approved Auditors in JAFZA are essential for companies operating within the zone.
JAFZA enforces a well-structured auditing framework to ensure businesses comply with local laws, international accounting standards, and free zone regulations. All Free Zone Establishments (FZE) and Free Zone Companies (FZCO) are legally required to:
Maintain proper accounting records for each financial year
Preserve all financial and contractual documents for at least six years
Submit audited financial statements annually from JAFZA-approved auditors
Failure to comply can result in penalties, license suspension, or other regulatory consequences.
FZEs and FZCOs must appoint an auditor from the JAFZA-approved list
Financial records must be examined annually
Auditors must provide an objective and accurate audit report
Records should be made available for inspection by shareholders, directors, and auditors
Auditors have full rights to review all financial records, ensuring transparency and helping detect irregularities or fraud.
Verifying that financial statements are accurate, fair, and compliant
Ensuring the adoption of international financial reporting standards (IFRS)
Identifying potential financial risks and irregularities
Providing a comprehensive audit opinion based on findings
Supporting tax compliance, including UAE corporate tax and VAT regulations
By conducting thorough audits, these firms help businesses improve operational efficiency and build credibility with investors and regulatory bodies.
Regulatory Compliance: Ensures adherence to JAFZA and UAE financial regulations
Enhanced Financial Accuracy: Promotes transparency and proper recordkeeping
Investor Confidence: Builds trust among stakeholders through verified reporting
Business Continuity: Avoids penalties and maintains active business licenses
Strategic Insights: Provides guidance for financial and operational improvements
As one of the leading audit firms in Dubai, AMCA is proud to be on the JAFZA-approved auditors list, offering professional, timely, and tailored audit services to businesses across various industries.
Expertise in JAFZA Compliance: Deep understanding of JAFZA’s financial regulations
Qualified Audit Team: Professional auditors with years of experience in free zone audits
Client-Centric Approach: Personalized solutions designed to meet your business goals
Reputation for Excellence: Trusted by businesses across UAE for integrity and results
Whether you're a new business setting up in JAFZA or an established firm looking to streamline your compliance, AMCA is your trusted partner for audit and assurance services in JAFZA.