Approved Auditors In Dubai Science Park
Dubai Science Park
Dubai Science Park, the first free zone in the Middle East devoted to serving the needs of the science sector, is home to hundreds of businesses employing more than 3,000 scientists, as well as top-notch offices and labs. It is the ideal location for scholars, scientists, inventors, multinational pharmaceutical businesses, research institutions, etc. Research on clean energy, lowering carbon footprints, health care, space science, communication, innovative technology, and other fields is supported by Dubai Science Park. Tailored office spaces, warehouses, small production plants, inspection facilities, and more are available.
Company Formation in Dubai Science Park
- Limited Liability Company
- Branch of a Foreign and UAE Company.
Benefits Of Forming a Company in Dubai Science Park
- Taxes are exempted- Personal, Income, and Corporate (50-year exemption).
- Full control over the business
- Free from export or import tax
Compliance Requirements in Dubai Science Park
Businesses that operate in Dubai Science Park must assess their compliance with rules such as the Economic Substance Regulations (ESR), the Ultimate Beneficial Ownership (UBO), and the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regulations (AML-CFT). Penalties for violating these compliance rules will be severe enough to harm a company’s profits and reputation, and in the worst-case license can be canceled. Therefore, top onboard accounting and auditing companies in Dubai Science Park because are updated with all required rules and regulations, which will enable your business to be compliant hence avoiding any penalties.
Audit Requirements in Dubai Science Park
In addition to providing advice on internal controls, which are the primary factors in attaining business success, auditing goes beyond only examining financial statements. Consider signing up with an approved auditor in Dubai Science Park since they are familiar with the auditing process. Accounting and auditing companies have ACCA and Chartered Accountants teams to carry out the services because they have sufficient knowledge and experience to perform the task.
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