Dubai Multi Commodities Centre DMCC is recognized as the fastest growing and largest Free-Zone in the world with over 19,000 registered companies. It is a government entity established in 2002 to enhance commodity trade flows through Dubai, performing several roles which have firmly established Dubai as a regional and international commodities trading hub.
DMCC regulates, promotes and facilitates trade across a range of commodities including gold, diamonds, pearls, precious metals, coffee and tea. Major multinational companies, SMEs and start-ups in the commodities sector have made DMCC Free Zone their home.
DMCC's facilities and free zone benefits foster all the needs and requirements of all types of business activities in the world. DMCC has been rated 'A' by Standard and Poors. Setting up a company in DMCC will not only bring a great brand name for your company, but also you will be benefited from the following advantages:
Every Company must keep accounting records including underlying documents which are sufficient to show and explain its transactions so as to disclose with reasonable accuracy on the financial position of the Company at any time.
According to the implementing regulations, a DMCC Member Company has to upload the auditor's signed and stamped Audited Financial Statements Summary Sheet and the Audited Financial Statements Report via a designated online service request on the member portal within 90 days after the end of each financial year.
These rules do not apply to auditors appointed to audit DMCC member companies registered as a branch company provided such a company has a group auditor.
Original documents should be well maintained with the company and made available upon request by the DMCC Inspection Team. Submission of Audited Financials is applicable to all DMCC companies including subsidiaries and branch companies.
For an Audit Firm in Dubai, Abu Dhabi, Sharjah, UAE to be approved as an Approved Auditor and listed on the Approved Auditor List, the Audit Firm must be able to confirm that the Audit Firm satisfies the following minimum requirements:
Every Company must appoint an auditor who must examine and report on the financial accounts of that Company.
The Directors of a Company must arrange the preparation and approval of financial accounts and for these to be audited by an auditor approved by DMCCA and approved by the shareholders of the company within six months after the end of the financial year of the Company.
A Company can only appoint an auditor if:
Documents Required by the DMCC Approved Auditors to Conduct the Audit:
Excellence group entity MansoorMulla Auditing of Accounts is Registered and Approved Auditors in DMCC, JAFZA,DIFC,DAFZA, DWC, DSO, SAIF Zone, Hamriyah Free Zone, DED, The Dubai Design District (D3),TECOM, Dubai Media City, and DubaiInternet City.
Yes, we are Approved by Ministry of Economy under registration no 843.
Yes, Our Reports are Widely Accepted with all the Major Banks in UAE.
We follow International Financial Reporting Standards (IFRS) for Auditing and International Accounting Standards Board (IASB) for Accounting.