Precision Audit, Tax Advisory & Corporate Services for UAE Enterprises

Audits are mandatory for all UAE mainland companies governed by commercial companies law, all Free Zone entities registered in jurisdictions such as DMCC, DIFC, and JAFZA, as well as businesses registered for UAE Corporate Tax with annual revenue exceeding AED 50 million. In addition, UAE commercial banks routinely mandate independent IFRS-audited financial statements for corporate credit lines and annual account renewals.

A business established in the UAE must register for VAT if its taxable supplies and imports exceeded AED 375,000 over the preceding 12-month period, or are expected to exceed this threshold in the next 30 days. Businesses with turnover exceeding AED 187,500 may elect to register voluntarily to recover input tax on operating expenses.

Designated Non-Financial Businesses and Professions (DNFBPs)—such as real estate brokers, auditors, accountants, and corporate service providers—must register on the FIU goAML portal and maintain comprehensive AML frameworks. Penalties for failing to register, omitting suspicious transaction reports (STRs), or lacking written policies range from AED 50,000 to AED 5,000,000, alongside potential trade license suspension.

As FTA-approved registered tax agents, our senior consultants conduct full transactional audits of your historical returns, pinpoint discrepancies in zero-rated vs. exempt supplies, prepare formal Voluntary Disclosure (Form 211) submissions, and represent your firm during FTA audits to mitigate late payment penalties.

A Dubai Mainland license (issued by DET) allows companies to trade freely across the entire local UAE market and government entities with 100% foreign ownership for most commercial activities. A Free Zone license offers 100% customs duty exemption, 0% Corporate Tax potential on qualifying transactions, and simplified setup, but requires a local mainland distributor or branch to sell goods directly into the UAE mainland market.

Trade license issuance typically takes 3 to 5 business days once documents are approved. Corporate bank account opening generally requires 2 to 4 weeks depending on the company shareholding structure, country of nationality, and initial deposit volume. Al Marzaan coordinates directly with tier-1 UAE banks (Emirates NBD, Mashreq, FAB, ADCB) to expedite compliance onboarding.