Meydan Free Zone
Situated in the heart of Dubai, Meydan Free Zone boasts an ideal location near Dubai downtown, Mohammed Bin Rashid Al Maktoum City, and the Dubai Logistics Corridor. Recognized for its strategic positioning, it stands as one of the free zones in Dubai providing cost-effective solutions for business setup.
Meydan Free Zone attracts a diverse range of investors worldwide, offering enticing incentives for establishing businesses within its premises. These incentives include 100% ownership, tax-free status, freedom from currency restrictions, the ability to hire foreign labor, high-speed internet connectivity, and exemption from duty taxes on imports and exports.
Notably, Meydan Free Zone exclusively offers a flexi desk option, catering to the needs of businesses that do not require permanent physical office space. This flexibility makes it a convenient choice for entrepreneurs seeking a dynamic and adaptable setup.
Our Audit Approach
Requirement Assessment
We’ll determine the most suitable audit service for you based on your industry, selecting the
necessary audit cycles to prepare an accurate quotation.
Data Collection
Once services and quotations are approved, we’ll need specific data from the company for the
audit.
Developing and organizing the audit procedure
We create a personalized plan tailored to the client’s specific requirements, employing distinct methodologies for various audit types such as balance sheet audit, cash flow statement audit, fraud audit, inventory audit, cash audit, stock audit, and others.
Preparation of Audit Report
Audits are conducted across different sections, producing various reports. We scrutinize these documents to ensure alignment with the federal laws of the UAE. Following this, the reports are consolidated before being presented to the board of directors and shareholders.
Post Audit Assistance
The audit report provides comprehensive information for a thorough understanding of your company. Should you require additional support in implementing any changes based on the findings, we are at your disposal.
FAQ
1. What makes auditing crucial within the Meydan Free Zone?
- Conducting audits is a vital statutory obligation mandated by authorities for all entities registered in the free zone. Additionally, undergoing an audit is beneficial for the renewal of a firm’s trade licenses, ensuring compliance, and detecting potential fraud at an early stage.
2. What are the reasons for opting for an annual audit?
- Each company in Meydan Freezone that participates in auditing services aids in eliminating potential inconsistencies that could result in fraud. We guarantee a thorough evaluation of accounts in accordance with proper accounting standards and analyze how your business manages its financial records.
