Bookkeeping · IFRS · Audit

Accounting & audit that keeps everyone happy

Your licence renewal, your bank and the FTA all want the same thing: clean, current books that add up. Kinzaad keeps your accounting straight all year — bookkeeping, IFRS financial statements, payroll and audited accounts — so licence renewal, banking and corporate tax never trip you up.

Why it matters now

Clean books aren't optional any more

For years plenty of UAE companies ran on a shoebox of receipts and a spreadsheet. That era is over. Since corporate tax arrived, the law expects you to keep proper accounting records and, in many cases, audited financial statements. Three separate parties now depend on your numbers being right:

  • Your licence. Some free zones won't renew without an audit report.
  • Your bank. Account reviews and credit facilities hang on financials that make sense.
  • The FTA. Corporate tax and VAT returns are only as reliable as the books behind them — and you must keep records for seven years.

Get any one of those wrong and the cost isn't just a fine. A blocked licence renewal or a frozen bank account stops the whole business. We keep your books clean so none of that happens.

What we handle for you

Pick the pieces you need, or hand us the lot and treat us as your finance function:

  • Bookkeeping. Monthly recording and reconciliation of every transaction, kept current — not reconstructed in a panic each year-end.
  • Management accounts. Monthly or quarterly reports so you're running the business on real numbers, not gut feel.
  • Financial statements. Full IFRS-compliant statements — the standard the UAE requires — ready for the bank, the auditor or the FTA.
  • Payroll & WPS. Salary processing and Wage Protection System compliance so your staff are paid correctly and on time.
  • Audit coordination. We prepare the file and work with an approved auditor so your audited accounts are signed off cleanly.
  • Outsourced CFO. Budgeting, cash-flow planning and board-level financial advice when you need a finance brain but not a full-time hire.

One team, joined-up. Because we also handle your corporate tax and VAT, your bookkeeping feeds straight into your returns. No re-keying, no gaps between your accountant and your tax agent — it's the same file, the same advisor.

Audit

When do you actually need an audit?

Not every UAE company must file one — but more do than realise it. Here's the honest picture.

Your situationAudit required?
DMCC or JAFZA free zone companyYes — audited accounts are a condition of licence renewal
DAFZA and several other zonesYes — annual audited statements required
IFZA, Meydan and similarUsually not filed, but you must keep proper records
Qualifying Free Zone Person (0% tax)Yes — audited statements are compulsory to keep 0%
Any business with revenue over AED 50mYes — audited statements required for corporate tax
Mainland LLCGenerally expected under the Companies Law; often needed for banks and renewals

Even where an audit isn't strictly mandatory, a signed set of accounts makes your bank review smoother, strengthens a corporate bank account application, and substantiates your corporate tax position if the FTA ever asks. We'll tell you plainly whether you need one — and never sell you an audit you don't.

How it works

From messy receipts to audit-ready in four steps

1

Review & set-up

We look at your activity, jurisdiction and current records, then set up a clean chart of accounts and the right software.

2

Monthly bookkeeping

Every transaction recorded and reconciled each month, with management accounts so you always know where you stand.

3

Statements & returns

IFRS financial statements prepared, and your VAT and corporate tax returns filed from the same clean data.

4

Audit & renewal

We prepare the audit file, coordinate the approved auditor, and hand you signed accounts in time for your licence renewal.

Answers

Accounting & audit — common questions

Is an audit mandatory for companies in the UAE?
It depends where you're set up. Several free zones make an annual audited financial statement a condition of licence renewal — DMCC and JAFZA are the well-known examples, and DAFZA and others require them too. Many mainland companies are required under the Commercial Companies Law to have accounts audited and to keep records for at least five years. On top of that, corporate tax makes audited statements mandatory for Qualifying Free Zone Persons and for any business with revenue above AED 50 million. Even where it isn't strictly required, banks and investors often ask for one. We tell you exactly what your licence and jurisdiction need.
How much does bookkeeping or an audit cost?
Outsourced bookkeeping is usually a fixed monthly fee that scales with transaction volume — a quiet company costs far less than a busy trading business. A standalone annual audit is priced on the size and complexity of the accounts. You get a fixed, itemised quote up front rather than an open-ended hourly rate — see our pricing.
How often should I do my bookkeeping?
Monthly is the sensible standard. Recording transactions every month keeps your VAT returns accurate, gives you real numbers to run the business on, and avoids a year-end scramble to reconstruct twelve months of receipts before an audit or corporate tax return. Corporate tax also requires you to keep supporting records for seven years, so staying current is far easier than catching up.
Do free zone companies need audited accounts?
Some do, some don't. Zones like DMCC and JAFZA require an audited financial statement to renew your licence each year. Others, such as IFZA and Meydan, generally don't demand a filed audit but still require proper records. Separately, if your free zone company wants to keep the 0% corporate tax rate as a Qualifying Free Zone Person, audited statements are compulsory regardless of the zone.

Hand your books to a team that keeps them clean

Book a free consultation. We'll review where your accounts stand, tell you what your licence and the FTA actually require, and give you a fixed monthly quote — no open-ended hourly bills.

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