Dubai Silicon Oasis, established in the year 2004, this free zone provides a safe haven for technology- centred sectors. It comprises of world- class inventions, completely functioning framework, secure transportation of goods and people, and a very favourable business atmosphere. This free zone is one of the leading authority on the yield of electronics and technologically advanced products which are used in the field of nanotechnology, optoelectronics, and other supporting industries.

Types of businesses available in DSO:
  • Branch Company Free Zone Establishment (FZE)
  • Free Zone Company (FZCO)
  • DED Registered Companies
  • Start-up businesses and Entrepreneurs

Why is it Mandatory to audit for a DSO Company?

All companies registered in DSO are required to submit their audited financial statements within 4 months of the financial year end of DSO registered company.

It's now necessary to use the services of a DSO auditor to guarantee that enough independence is delivered by changing the auditing firm every four years. The hired auditing firm now needs to present proof that the employees of the firm will receive opportunities to upgrade themselves via various training and development programs.

It is suggested that you avail the services of an auditing firm so that the management can appropriately handle the financial aspect of the company. Conducting a DSO accounting and Auditing of the business will help the company in many ways, and this is why you should avail the services of a reputed financial consulting firm.

DSO has its own procedure to approve chartered accountants firms in DSO.

Appointment of DSO Approved Auditor

Accounting and Audit firms that are not DSO Registered are not allowed to audit any DSO registered companies.

Any audit done by firms not registered by DSO will not be accepted. Examination of DSO companies should be performed as per the International Standards on Auditing (ISA). Financial statements should be audited by the DSO Approved Auditors or DSO approved audit firms in Dubai.

Audit of DSO companies should be conducted according to International Standards on Auditing (ISA).

Excellence Auditing covers all your DSO Auditing needs.

Examination of DSO companies should be performed according to International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS) and also follows audit rules set by the DSO Free Zone.

Excellence provides quality services and has garnered trust among the companies in the UAE since 2015 and is an ISO 9001:2005 certified establishment. An Auditing establishment will help keep track of all the finances of the business and will help the operation of the business in achieving its maximum capability.

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Frequently Asked Questions

Business entities operating within the DSO are required by the DSOA to submit to them their annual financial statements audited by a DSO approved audit firm within four months of the end of their financial year. External Audit is an important requirement for companies operating in the DSO with regards to renewing their business license if they wish to continue as a licensed business entity in the DSO free zone.

Excellence is a licensed service provider in UAE and is in a strategic partnership with a recognized and reputed Audit Firm of the UAE, which is also listed on the DSO approved auditors list and is approved to perform Audit of Companies registered in other free zones. Excellence is also registered with all the leading banks and financial institutions in the UAE.

Companies should provide the following papers pertaining to the relevant year in order to undertake accounting and auditing, this examines the financial statements and indicates the company's financial status. The companies should present the following documents,

dotw Bank statements
dotw Bills and invoices
dotw MoA
dotw AoA
dotw Debit and credit information of all financial transactions
dotw Trade license
dotw Book of accounts
dotw Registration details of excise tax and VAT

Designed as a hi-tech ecosystem in Dubai, DSO offers a wide range of benefits. It is considered to be the only technology park in the region that provides both a living and working integrated community. As a free zone authority, we provide an attractive package of incentives which include:

dotw 100% foreign ownership
dotw 100% repatriation of capital
dotw Zero income tax
dotw Zero corporate tax
dotw No import or export tax
dotw Low cost of operation

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