28 Oct 2025
IFZA has taken a giant step towards greater financial transparency. As per IFZA's 2025 License Renewal Guidelines, all trade firms are now obliged to submit financial accounts on the basis of their recently concluded financial year while renewing their trade licenses.
This update aligns IFZA with the UAE’s broader push for enhanced regulatory compliance under the Ministry of Finance. It aligns with federal standards under Corporate Tax Law (Federal Decree-Law No. 47 of 2022).
What’s Changing
Starting from 2025 renewals, every IFZA-registered entity must:
- Submit audited or reviewed financial statements at the time of trade license renewal.
- Ensure the statements reflect the latest financial year’s performance.
- Prepare and submit reports within three months of the financial year’s end.
Failure to file the requisite documents can lead to delay in renewing the license, incur penalties, or lead to regulatory non-compliance—potentially affecting banking operations, visa sponsorships, and the status of the company.
Why It Matters
This requirement reflects the UAE's ongoing commitment to financial openness, AML/CFT compliance, and conformance to OECD standards. For firms, it's not just a compliance nicety—it's a strategic necessity to drive governance, credibility, and investor confidence.
What You Should Do Now
1. Prepare your 2024 financials for audit as early as possible.
2. Engage a registered audit firm with experience in IFZA and UAE Free Zone regulations.
3. Ensure compliance with IFRS-based accounting standards for smoother renewal approval.
Stay Compliant with Confidence
At AMCA Auditing, we simplify compliance for IFZA companies — from preparing IFRS-compliant financial statements to ensuring a seamless license renewal process.
Call Us: +971 4 240 8784
Email: info@amcauditing.com
