All companies in DDA must submit DDA audit report before October 31, 2022. BMS Auditing is one of the registered auditors in Dubai Development Authority (DDA). In compliance with the Private Companies Regulations of 2016, FZ LLCs and branch offices are required to submit their most recent Audited Financial Statement (AFS) along with the summary sheet (as per DDA template) by or before October 31, 2022. Thereafter, within six months from every financial year end.
BMS Auditing will assist you to prepare the Audited Financial Statement (AFS) as per DDA's compliance and submit it before the deadline to avoid unnecessary fines and penalties.
DDA Audit Report
Every business entity registered under DDA must file its updated audited financial statements, accompanied by a summary sheet on or before October 31, 2022. These entities should mandatorily file the statements through the AXS portal accounts.
Take a look at the notification on the AXS portal accounts:
The Free Zone LLCs established under the administration of DDA should maintain the Audited Financial Statements. However, the branches of foreign companies may not mandatorily maintain separate financial statements in case the accounts are included in the parent companies’ AFS.
Audit Report for DDA
Audit Report in DDA is Mandatory for License renewal and as registered auditors in Dubai Development Authority ( DDA), we can provide you the audit report.
As the Corporate Tax and other laws are introduced to closely observe the activities of the business groups across the UAE, the other free zones in the UAE and the mainland licensing authorities would start demanding the AFS filing on annual basis.
When a DDA audit report should be submitted?
As per DDA, by or before October 31, 2022. Thereafter, within six months from every financial year end.
Auditing in DDA
Dubai Development Authority is a Dubai Government entity which is mandated to play a major role in the future growth of Dubai’s economy. The overall development of municipal, economic and immigration functions across free zone clusters are its main aim.
It set global standards for urban business services. It promotes business-friendly environments to its stakeholders, including real estate developers and all strategic partners. The authority’s guidelines and standards are to become a global leader in competitive excellence.
Registered Auditors by DDA
BMS Auditing is one of the registered auditors in DDA to conduct auditing in businesses, government organizations, etc. As a DDA approved auditors, BMS provides a true understanding of the financial status of your business and suitable suggestions to improve the current situation and reveal the hidden risks.
Focusing on the importance of auditing in DDA, BMS provides high-quality accounting and auditing services to fulfill the needs of the clients as per UAE law. If you are looking for Audited Financial Statement (AFS) for Dubai Development Authority (DDA), Contact BMS Auditing Dubai.