Want to open an auditing company in Dubai? The first important step to becoming a legitimate legal entity and gaining trust among the clients is to obtain an audit license in Dubai. This is a complete guide in which we will proceed one-on-one to help you in the process of obtaining your audit license, the requirements, the cost, and the benefits of the process, in order to start doing your auditing services without any hesitation or difficulties.
What is an Audit License in Dubai?
Dubai audit license is a professional permit that enables individuals or business organizations to carry out audit services in the UAE. In the absence of such a license, the provision of audit services is regarded as an illegal activity and may attract fines.
Who Needs an Audit License?
- Professional auditors
- Accounting firms
- Accounting companies that offer financial or statutory auditing.
- Companies that provide financial auditing consultancy.
Types of Audit Licenses Available
- DED Audit License (Mainland): This is the license of auditors on the Dubai mainland.
- Free Zone Audit License: This is applicable to firms that are based in free zones in Dubai.
- Specialized Audit License: In specialized niche areas of auditing, such as corporate and financial audits.
Step-by-Step Process to Get an Audit License in Dubai
Step 1 – Determine Your Business Activity
Establish the auditing service that you desire to offer. The audit services are categorized by the UAE authorities, and it is important to be able to choose the business activity.
Step 2 – Choose a Business Structure
Choose the type of your audit firm to be:
- Sole Establishment
- Limited Liability Company (LLC)
- Free Zone Company
The type of structure defines the type of license, liability, and tax.
Step 3 – Apply with the DED or Free Zone Authority
- Make an online or physical application.
- Select the kind of license (mainland or free zone)
- Get down payments with registration fee.
Step 4 – Submit Required Documents
Essential documents include:
- Educational and professional certificates
- Passport copies of shareholders
- Proof of office space or lease agreement
- Bank statements or capital proof
- An application form accompanied by a detailed description of the business activity.
Step 5 – Pay Fees and Get License Approval
Once submitted, clear up the outstanding license fees.
- Application fee: AED 100 (USD 27).
- Licence fee (3 years): AED 10,500 (USD 2,860).
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How to Get an Audit Registration
Dubai has also made the procedure part of the audit license online at the Ministry of Economy and Trade (MOET) website, which makes it easier and quicker. Here’s how you can do it:
Step 1 – Visit the MOET Portal
Go to moet.gov.ae and navigate to the “Services” section. Search for Business licensing or audit license services.
Step 2 – Create an Account
- If you do not have an account, then click on Sign Up.
- Give your email address, Emirates ID, and contacts.
Step 3 – Select Audit License Application
- Under the Business licensing section, select Apply to get an audit license.
- Select the type of audit license:
- Mainland
- Free Zone
- Specialized Audit
Step 4 – Fill Out the Online Application Form
- Enter personal details (name, contact, nationality).
- Enter business details (company name, business activity, structure).
- Upload all required documents digitally:
- Educational certificates (CPA/ACCA)
- Emirates ID copies
Step 5 – Pay the Fees Online
- MOET admits payment through the use of debit/credit cards or UAE bank transfers.
Step 6 – Submit the Application
- Click “Submit”. You will be given a confirmation email, which will contain a reference number.
Documents Needed for Audit License
Professional Certificates
- CPA, ACCA, or equivalent auditing certifications
- Indication of previous work experience in auditing.
Proof of Office Space / Lease Agreement
- Tenancy contract/ virtual office agreement according to the requirements of DED or free zone.
Financial Statements / Bank Guarantees
- Minimum capital deposit
- Proof of bank account in the UAE
Other Supporting Documents
- Memorandum of Association (MOA)
- Shareholder and manager copies of the Emirates ID
- Proposal of Business plan/ audit service
Cost of an Audit License in Dubai
The price will differ based on the form of license and business formation:
Government Fees
- DED license fee for audit activities: approx. AED 15,000–30,000
- Free zone audit license: AED 10,000–25,000
Service Provider Fees
- AED 3,000 to 7,000 can be paid to PRO services or consultants.
- Extra charges for document attestation/translation.
Other Hidden Costs to Consider
- Office rent
- Visa costs for employees
- Professional insurance (if required)
Benefits of Having an Audit License
Legal Recognition
Legal operation does not entail fines, penalties, or closure of business.
Ability to Serve Clients Professionally
Clients have the assurance to use licensed auditors in auditing their financial aspects and statutory reporting.
Business Growth Opportunities
- Access to corporate clients
- Qualification to deal with government contracts.
Common Challenges & How to Overcome Them
Document Rejections
Make sure that all the certificates and papers are attested and valid. Errors could be avoided with professional assistance.
Delays in Approval
Create full applications and monitor the status online. No deadlines and unfinished forms.
Compliance Issues
Keep up with the UAE auditing regulations and DED regulations to avoid fines or legal complications.
FAQs About Audit License in Dubai
How is the time required to obtain an audit license?
Usually, 2-6 weeks, based on the verification of documents and the type of license.
Is a foreigner able to apply for an audit license in Dubai?
Yes, but a local partner or service agent may be required for mainland licenses.
Is the audit license valid?
Audit licenses have a duration of one year and must be renewed every year.
Is it possible to have a license for audit to cover various services?
Yes, you need to report everything in the process of the application.
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Final Words
Audit license in Dubai can be a complicated process, but with proper guidance and preparation, one can legally open their own auditing firm and work with clients without any hesitation.
To become a professional auditor in Dubai, ensure you have everything required, collect your paperwork, and apply to get your career started.
