Hamriyah Free Zone (HFZ) is a modern centre point for manufacturing organizations working in the United Arab Emirates (UAE). It is one of the quickest developing free zones in the United Arab Emirates because of its network with different emirates, good business arrangements, effective administrative measures including prerequisite of monetary review for enrolled organizations from HFZA endorsed evaluators.
Hamriyah Free zone Sharjah gives organizations a chance to play out their activities in a tax exempt climate with full business proprietorship, exclusions from bringing home of capital and benefits as well as any remaining business charges.
Benefits Associated with Operating in HFZ
Hamriyah Free Zone provides business entities conducting operations in the free zone with the benefits such as Tax exemptions, access to pre-built warehouses and offices, etc.
Only HFZA approved auditors can audit the book of accounts of organizations working in the HFZ.
The companies residing within HFZA are not allowed to audit their books by any other auditor unless listed in HFZA auditors list.
We at Excellence are SAIF Zone approved auditors under the name of MANSOOR MULLA AUDITING OF ACCOUNTS and also provide other business services.
At Excellence Auditing, we conduct the audit in accordance with the provisions of the international standards of auditing (ISAs) and as per International Financial Reporting Standards (IFRS).
We also identify areas for development and suggest means to help you to achieve your organizational goals and make a positive improvement to the successful operation of your business.
Getting the books of accounts checked by the auditing firms in UAE helps the companies conform to the regional and foreign regulations thereby perfecting the company’s credibility before the stakeholders, government, lenders, and other authorities.
DIRECTOR, AUTHORIZED SIGNATORY
MANAGER - TAX & ADVISORY
MANAGER - AUDIT & ASSURANCE
MANAGER - ACCOUNTING & BOOKKEEPING
MANAGER - BUSINESS CONSULTANT
MANAGER - BUSINESS DEVELOPMENT
MANAGER - BUSINESS DEVELOPMENT
ASST. MANAGER-BUSINESS CONSULTANT
SR. BUSINESS CONSULTANT
BUSINESS DEVELOPMENT EXECUTIVE
CLIENT SERVICE EXECUTIVE
SR. CLIENT SERVICE EXECUTIVE
SR. CLIENT RELATIONS EXECUTIVE
SR. ADMIN EXECUTIVE
Business Development Executive
For companies registered in HFZA (Jebel Ali Free Trade Zone), they must be audited by HFZA listed auditors. According to free zone regulations, all companies registered in HFZA should have auditors approved by HFZA to prepare annual audit reports.
Every company has to maintain books of accounts, at the registered office or any office that the board of directors may decide. If the company is maintaining books at an office other than the registered office, it has to intimate the same to RoC. The company can maintain the accounts electronically also.
Books should be maintained for a period of 5 years from the end of the relevant financial year.
The Jebel Ali Free Zone Authority has stipulated a number of businesses registered under it. In order to renew their license without any failure, external audits are conducted. The subsequent documents required while conducting auditing are:
Credit/ debit confirmation for all financial transactions in the Books of Accounts
All invoices-purchases and sales
Trade License, Memorandum of Association (MOA), Articles of Association (AOA)
Excellence is an approved auditor in HFZA offers various services including Financial Advisory Services, Tax Consulting Services, VAT Registration, VAT Deregistration, and Internal/External Audit for Companies, Business Advisory Services, etc. in UAE.
As a HFZA approved auditor, we offer the best services to the participating companies. Get in touch with us.