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The International Free Zone Authority (IFZA) was founded in 1972 as an independent international organization to support the development and management of internationally free zones. The IFZA includes more than 100 member nations and its headquarter is located in Geneva, Switzerland. The mission of the IFZA is to benefit its members to complete their goals for economic development through providing the knowledge tools, support, and resources required to create and run effective free zones. The IFZA also offers assistance and training to countries in the developing world who are interested in setting up the foundation of their own free zones.
International Free Zone Administration (IFZA), IFZA Dubai is an important free zone situated in an area that is one of UAE's most dynamic business centers, offering local and international companies with the best infrastructure, platforms and locations that maximize the advantages of the location with world-class infrastructure and tax- and business-friendly environment. The IFZA has created the guidelines and rules that must be adhered to for audits. Auditors who have been approved by IFZA can benefit to assure that you are in compliance with IFZA laws and guidelines while you concentrate on the day-to-day operation of your business.
International Free Zone Authority provides the following services:
There are certain steps you must follow prior to selecting an auditor who is approved by IFZA. It is important to determine if an auditor is equipped with the experience and the resources required for conducting an audit within IFZA. Additionally, you must assure that they are informed of the business’ specifications and complies with these requirements. You should request references from various auditors in Dubai before you confirm the authenticity of an auditor.
With the certainty that the audit will be conducted by competent and skilled auditors, you will be able to make financial statements quickly and with ease.It will be comforting to be aware that your financial statements will be made alike to IFZA rules. You can make use of the audit report prepared by the IFZA auditors to prove the firm’s financial strength to shareholders and investors.
IFZA offers a variety of licensing options and business opportunities that are beneficial to local small businesses as well as large multinational corporations. The different kinds of licenses include:
It is ideal for businesses that offer consulting and other competent services, including lifestyle, legal and many more.
It is appropriate for businesses that deal with the export, import distribution, storage, and import of particular products.
This license allows the importation of raw materials and also the manufacturing processing, packaging, and export of certain goods.
Foreign companies may also open an office in IFZA Dubai. The proposed branch’s operations should be consistent with the work for the parent firm.
Audit.ae is an experienced and highly reliable auditing firm providing high-quality auditing services throughout Dubai. We have built a solid reputation as an efficient and trustworthy auditing company. The team we have of well-qualified auditors are well-trained and proficient in performing audits for companies, financial institutions, and other companies.
Audit.ae has provided accurate auditing services in IFZA, Dubai for more than 10 years. Our company is recognized by authorities to be IFZA auditors. We are proficient in conducting audits as well as reviews for public and private sector companies. Audit.ae also provides consultancy services to benefit companies to increase the efficiency of their finance management.
We are a fully-functional team of experts with skillful qualifications and expertise in auditing, accounting and business consultancy. Audit.ae provides a wide clientele from various industries within the UAE. Why not select Audit.ae to be the IFZA auditor in Dubai to get your financials to order swiftly and effectively.
Answers to your most common queries are as follows:
A IFZA Approved Auditor (Auditor) is a person who is authorized by the International Free Zone Authority (IFZA) to conduct audits on behalf of businesses operating under the IFZA area of jurisdiction.
Businesses require an IFZA Accredited Auditor to ensure that the financial statements of their clients are accurate and that they are in compliance with applicable policies and favor clear information to all potential buyers and other stakeholders.
The duties of an IFZA Accredited Auditor consist of conducting audits, reviewing the financial records, identifying potential risks and recommending guidelines for improvement and releasing audit reports.
An IFZA Certified Auditor is beneficial to businesses by providing unbiased assurance for their financial statements, increasing confidence and credibility, as well as ensuring the compliance of their clients, and identifying areas to rise overall performance.
