Approved Auditors in Dubai Logistics City Audit Services

AML Compliance

Approved Auditors in Dubai Logistics City

Dubai Logistics City (DLC) is the first platform in history created specifically for the advancement of logistics. The largest and most ambitious initiative the government has undertaken to boost trade prospects for the Emirate is the Dubai free zone, which also contains various business communities with lovely scenery, including dining establishments, retail stores, entertainment venues, and other services. In order for your logistics business to grow in DLC, proper auditing is required.

Why is Auditing in DLC Required?
Requirements to choose an Auditor for DLC:
Auditing services in DLC:
Documents required for auditing in DLC:
How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your DLC Company?

Why is Auditing in Dubai Logistics City required?

In the United Arab Emirates, accounting is essential for every kind of business. Accounting may assist in assessing the financial data of a business, including its profitability, ability to pay off debt, and appropriateness for corporate liquidation. Completing the required paperwork for items like new business tax filings, VAT deregistration, and business deregistration also helps.

In the accounting process, errors have the potential to be quite lethal. If false documentation is provided to satisfy legal requirements, it can quickly lead to substantial fines and distort the company’s financial picture. This is the location of audits. Auditing helps the company eliminate accounting mistakes by finding and eliminating them.

Requirements to choose an Auditor for DLC:

There are two conditions that must be fulfilled when choosing an Auditing Company in DLC. Firstly, Auditing cannot be done internally. Auditing must be done externally by a third-party company, however accounting can be done internally & externally. Secondly, The auditor must be approved by the free zone authority. Dubai Logistics City should have approved this auditor and given them permission to audit the companies in their free zone. Mubarak Al Ketbi is one of them, as we are DLC Approved Auditors!

Auditing Services in Dubai Logistics City:

The main auditing service in DLC is the detection & removal of errors in the accounting of a company. The auditor will check the ledgers, books of prime entry, journal & financial statements of a business to get rid of errors. They will also make sure that the accounting process follows international standards (IFRS), and UAE-based standards like Anti-Money Laundering (AML).

Other services that can be provided is the creation of accounting of a company (seperate from auditing), filing documents to the government timely & inventory valuation of a logistics company in DLC.

Documents required by an Auditor in Dubai Logistics City:

1.Business License
2.Memorandum of Association.
3.Articles of Association.
4.All owners/shareholders visas, passports & customs documents.
5.Financial Statements.
6.Bank Statements
7.Trial Balance.
8.All accounting ledgers.
9.Sales & Purchases invoices.
10.Receipts & proof of transactions

How can Mubarak Al Ketbi Chartered Accountants help you in Auditing your Dubai Logistics City Company:

As you have read, the auditing process is difficult and must be done externally. This means that you should hire a qualified & experienced auditor/auditing company instead of hiring a cheap one. One of the top auditing firms in the UAE is Mubarak Al Ketbi Chartered Accountants. We are approved by the Ministry of Economy & Dubai Logistics City Authority to audit companies in DLC. We have over 2000+ happy clients & 20+ years of experience. Contact us today, and we guarantee you an excellent experience!

Approved Auditors Dubai Logistics City Audit Services

What is the arm’s length principle in transfer pricing?
The arm’s length principle means that companies must set prices as if they’re dealing with a third party, not a related company.
How many transfer pricing methods are there in UAE CT law?
There are five main methods, but companies can use other methods if needed.
Can I use more than one transfer pricing method for a deal?
Yes, if one method does not work well, you can use a mix to get a fair result.
What can happen if I choose the wrong transfer pricing method?
You may get tax penalties, rejected returns, or lose business opportunities.
Who can help me choose the best transfer pricing method?
Mubarak Al Ketbi (MAK) Auditing can guide you step by step with UAE CT law.

Know more Our Related Services

Approved Auditors in DKP Audit Services in DKP

Approved Auditors in DKP Dubai Knowledge Park (DKP) is the MENA’s HR & training hub.

Exempt Persons UAE Corporate Tax | Record-keeping Rules

Exempt Persons and Their Record-keeping in UAE Corporate Tax Law Who Counts as an Exempt

Shareholders’ View on Corporate Income Tax UAE

Shareholders’ Perspective on Corporate Income Tax What Is Corporate Income Tax and Why Does It

VAT on Export of Services Outside GCC UAE: Full Guide

🥇VAT Application on Export of Services Outside GCC Countries Introduction to VAT and Export of

Corporate Tax Assessment Services in Dubai, UAE | Tax Impact

Corporate Tax Impact Assessment Conducting a corporate tax assessment is instrumental in identifying necessary adjustments

Corporate Tax for Non-Extractive Resource Businesses UAE

Corporate Tax Rules for Non-Extractive Natural Resource Businesses in UAE Understanding Corporate Tax for Non-Extractive