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Registered Auditors in IFZA

As a registered company in the IFZA Free Zone, you are required to have your financial statements audited by IFZA Approved Auditors. The purpose of this requirement is to ensure that financial accounts operating within the IFZA Free Zone adhere to its rules and regulations.

 

International Free Zone Authority

The International Free Zone Authority (IFZA) was established in 1972 as an autonomous international organization to promote the development and operation of international free zones. The IFZA has more than 100 member countries, and its headquarters are in Geneva, Switzerland. The IFZA's mission is to help members achieve their economic goals by providing them with information, tools, and support needed to develop and operate successful free zones. The IFZA also provides training and assistance to developing countries interested in setting up their own free zones.

International Free Zone Administration (IFZA), IFZA Dubai is a leading free zone strategically located within one of the UAE's dynamic business gateways, providing local and international businesses with the ideal platforms, infrastructure, and location that optimize the benefits of the UAE's geographic position, world-class infrastructure, and business- and tax-friendly environments. The IFZA has established a set of rules and regulations that must be followed when conducting an audit. Approved auditors in IFZA will help you comply with all IFZA rules and regulations, while you are free to focus on the day-to-day operations of your business.

 

Advantages of establishing a company in the International Free Zone Authority (IFZA)

  • Dubai Silicon Oasis Authority co-branded (DSO)
  • Provides low-cost business setup packages.
  • Located in Dubai, it has access to global markets.
  • There is a diverse range of professional, commercial, and industrial activities available.
  • Pricing transparency and competitiveness
  • There is no requirement for paid-up share capital.
  • Allows for a unique combination of professional, commercial, and industrial applications.
  • Business operations under one licence
  • Quick and simple company formation
  • Commercial enterprises with 100 percent ownership
  • 100% capital and profit repatriation
  • 100% exemption from import and export taxes
  • There is no personal income tax.
  • Shareholders and employees can obtain residency visas.
  • Visas for permanent residence are valid for three years.
  • There is no need for a NOC from the current visa sponsor.

 

International Free Zone Authority provides the following services:

  • Offices
  • Warehouses
  • Apartments for rent
  • Hotels
  • Retail trade

 

How do you choose an Auditor in IFZA?

There are certain measures you need to follow before choosing an approved auditor in IFZA. You should determine whether the auditor has the expertise and resources to conduct an audit in IFZA. Secondly, you should ensure that the auditor is aware of your company's requirements and agrees with them. Be sure to obtain citations from several different auditors in Dubai before confirming an auditor.

 

Benefits of Hiring an IFZA Approved Auditor

  • With the assurance that the audit would be performed by qualified and experienced auditors, you could prepare the financial statements with ease.
  • It would be reassuring to know that the financial statements would be prepared according to IFZA regulations
  • You can use the report of the IFZA auditors to demonstrate the company's financial soundness to investors and stakeholders

 

License options in the International Free Zone Authority (IFZA)

IFZA provides a variety of license options and business activities that can benefit both small local businesses and large international corporations. The various types of licenses are as follows:

Professional Certification

Suitable for businesses that offer consultancy and a variety of professional services such as technical, lifestyle, legal, and other services.

Commercial Permit

Suitable for companies involved in the import, export, distribution, and storage of specific items.

Industrial Permit

This license allows for the import of raw materials, as well as the manufacture, processing, packaging, and export of specific products.

Branch

Foreign corporations may also establish a branch at IFZA Dubai. The proposed branch's activity must correspond to the activity of the parent company.

 

Working with IFZA has the following advantages:

  • Access to global markets is second to none.
  • Simple access to the Free Zone's business formation and administration services.
  • A multi-national expert team to assist with business activities.
  • There is no requirement for paid-up share capital.
  • There is no need for a NOC from the current visa sponsor.
  • The process of forming a company is quick and easy.
  • A competitive General Trading License is available.
  • Pricing that is clear and competitive.
  • The incorporation process does not necessitate the physical presence of the owners.
  • Business licenses can be obtained through the formation of FZCOs or the registration of branch offices.

 

Why Choose Reyson Badger As IFZA APPROVED AUDITORS?

Reyson Badger is a highly reputable and experienced auditing firm that has been providing quality audit services in Dubai. We have developed a strong reputation for being an efficient and reliable auditing firm. Our team of professional auditors is well-trained and experienced in conducting audits of financial institutions, companies, and other organizations.

Reyson Badger has been providing the best audit services in IFZA, Dubai for more than 10 years. Our company has been approved by the authorities as IFZA auditors and is highly experienced in conducting audits and reviews for private and public sector entities. Reyson Badger also offers consulting services to help businesses improve their financial management systems.

We have a fully functional team with professional qualifications and experience in accounting, auditing, and business consulting. Reyson Badger serves a diverse range of clients from a variety of industries in the UAE. So, why wait, choose Reyson Badger as your IFZA Auditor in Dubai and get your finances in order quickly and efficiently.

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