Dubai World Central (DWC) is Dubai’s airport of the future. The airport opened on June 27, 2010 for cargo operations followed by passenger flights in October 2013. Once completed, this airport will be the world’s largest global gateway with capacity for more than 160 million passengers per year.
Positioned as a global transport hub and major contributor to the economic growth of Dubai and the United Arab Emirates, Dubai World Central offers business-friendly free zone benefits and a living environment with a diverse range of residential homes and apartments to suit different lifestyles.
DUBAI WORLD CENTRAL PERKS :
- Exemption from Personal Income and Corporate Income Taxes
- 100% Foreign Ownership
- Full Repatriation of Profits
- Top notch infrastructure
- Exemption from all import and export duties
- Efficient & Quick Documentation
- Investment Opportunities
MANDATORY AUDIT FOR DWC :
DWC companies are required to submit their audited financial statements within 90 days from the end of the company’s financial year. DWC companies can only be audited by DWC approved auditors.
Failing to submit the audited financial statements on time would result in a fine including non-renewal or suspension of licenses.
AUDITOR’S REPORTING REQUIREMENTS :
- The auditor will review and report on the accounts prepared in accordance with local and international regulations.
- The auditor’s report must state whether the company’s accounts adhere to International Financial Reporting Standards (IFRS).
- The auditor’s report have to provide details on whether the accounts present a true and fair view of the company’s affairs at the end of the financial year and accounts are free from material misstatements.
- The auditor needs to state in his report whether the company is undertaking only activities permitted under its license. The authorities rely on the auditor’s report before renewing the license.
- The auditor must certify that the accounts of the company are in compliance with the accounting records and returns.
- The auditor has to make certain that the companies are not indulging in money laundering and financing of terrorism.
DUBAI WORLD CENTRAL (DWC) APPROVED AUDITORS :
We at ‘’Hallmark International’’ are Dubai World Central approved auditors providing the best auditing services to ensure compliance of the companies laws & regulations in the U.A.E. In addition to Auditing services we also provide Accounting & Bookkeeping, Business Incorporation and ERP & Accounting Software Services. We are also DIC, DMCC, RAKEZ, JAFZA, DAFZA and Dubai Media City approved auditors.
From the time of taking over your entities auditing by our professionals to the end of swift handing over of reports will make ‘’Hallmark International’’ your ideal choice of auditors’ always!
Contact us for best services below :
W: https://www. hallmarkauditors .com/