AUDITING IN JAFZA

Firms registered in JAFZA are required to conduct an annual audit of their financial records in accordance with JAFZA regulations. Adhering to accurate auditing procedures assists organizations in complying with the legal requirements set forth by authorities. Within 90 days following the close of the financial year, all JAFZA-registered entities must furnish their audit reports. Failure to meet this requirement may result in severe penalties, including the potential refusal of trade license renewal by free zone authorities.

Cornerstone offers superior audit services to assist businesses in timely submission of their reports to the authorities.

The audit process & Documents required in JAFZA

The Jebel Ali Free Zone Authority (JAFZA) requires businesses operating within its jurisdiction to undergo regular audits to ensure compliance with local regulations and international financial standards. This process helps maintain the integrity and transparency of financial operations, fostering trust among stakeholders and contributing to the overall economic stability of the region.

Documents required are as Follows:

Trade license, Memorandum/Articles of association
Bank statements
Books of accounts

Enhance compliance, build trust, and obtain valuable insights by utilizing Cornerstone's professional audit services in JAFZA. Allow us to assist you in navigating the intricacies of regulatory obligations and upholding financial integrity.