All companies registered in DMCC Free Zone are required to undergo an annual audit in compliance with the DMCC Authority Company rules. According to Regulation 71 of DMCCA, the directors of the company will have to prepare and approve annual financial statements by the International Financial Reporting Standards (IFRS). Maintaining transparent and accurate financial records that reflect the correct and appropriate approach to the company’s benefits, loss and financial situation, is mandatory.
Deadline & Submission
- Audit Deadline: September 30, 2025
- Financial Year End: December 31, 2024
- Submission: Audited financial statements via DMCC Member Portal
Who Must Submit:
- All DMCC-licensed entities, including branches, subsidiaries, and dormant companies (nil audits).
Audit Requirements:
- Prepare IFRS-compliant financial statements.
- Use DMCC-approved auditors.
- Submit signed audit report & financial statement summary.
Audit Process & Documents:
- Auditor requests: bank statements, invoices, trade license, VAT details, MoA, AoA, etc.
- Auditor’s report must confirm compliance with IFRS, financial fairness, licensed activity, and other DMCC stipulations.
Consequences of Missing Deadline:
- Fines and penalties.
- Account restrictions.
- License renewal delays or suspension.
Why Comply:
- Legal compliance under DMCC and UAE rules.
- Enables trade license renewal.
- Maintains financial transparency and credibility with stakeholders.
Hiring an Approved Auditor
Having a DMCC approved auditor in the UAE is necessary to ensure regulatory compliance and maintain stakeholder trust. Professional audit firms can simplify the audit process and help companies avoid costly penalties. According to DMCCA Regulation 76, each DMCC-registered company should appoint an audit firm in the United Arab Emirates to check its financial statements. These auditors should be registered and approved by the DMCC Authority and follow the latest sanctioned auditor rules issued by DMCC.
Need Assistance?
Our expert auditors are here to support your business. Contact us today to schedule your consultation and ensure a smooth audit process.
FAQs
What is the extended DMCC audit deadline for 2025?
September 30, 2025.
Who must submit a DMCC audit?
All DMCC-registered companies, including dormant entities.
What are the audit submission requirements?
IFRS financial statements audited by a DMCC-approved auditor submitted via the DMCC portal.
What happens if the audit deadline is missed?
Fines, account restrictions, and delays or suspension of license renewal.
