How to Get Audit Licence in UAE
There is a massive demand for auditing and accounting solutions in the United Arab Emirates. It is one of the most vibrant and rapidly growing economies around the globe. With an audit license in Dubai, your business can provide accounting and auditing services to other companies. It is crucial to know the process for getting an audit license in order to become an auditor in the United Arab Emirates.
In this article we’ll examine the requirements to obtain an audit license and the various kinds of audit licences, as well as the process for registering, and provide more details on the lucrative field of auditing.
Caviar is a business setup and consultancy company based in the UAE. We focus on licensing, corporate approvals, and regulatory compliance. Caviar helps auditors, financial specialists, and business owners set up their audit firms legally and in total compliance with the law.
Caviar offers a seamless experience that allows you to concentrate on growing your business and providing outstanding audit services to your clients. We manage everything, including documentation, Ministry of Economy registration, office setup, and final license issuance. We make the experience seamless, effective, and efficient so you can focus on your professional growth and providing excellent audit services to your clients in the UAE.
Eligibility criteria
Before embarking on your journey to obtain an audit license in the UAE. It is essential to meet specific eligibility requirements.
Here are the primary qualifications to be eligible
- Education qualifications: A Bachelor’s degree in bookkeeping and accounting finance or a closely related field from an accredited university is required to be eligible for an audit license.
- Relevant experience: It is a requirement that the UAE demands that aspiring auditors have real world experience in the field. Candidates must be auditors for 3 to 5 years. Preferring a reputable auditing company.
- Language Proficiency: A good command of the English language is vital since audits and financial reports are usually performed in English within the uae. A lack of understanding of the arabic language could be advantageous for communicating effectively with local authorities and clients.
Notice: In some circumstances, taking an examination in the UAE might be necessary to fulfill the requirements to get an auditing license.
📞 Contact Caviar today and begin your journey as a licensed auditor in the UAE.
Phone : +971 52 421 7897
Email ID : info@caviar.co.ae
Address : 207, Al Kazim Building,
Al Qiyadah, Dubai, UAE
Different types of audit Licences
To meet the particular requirements of industries and businesses To meet the specific requirements of industries and enterprises, the UAE offers various kinds of audit licenses. The two main categories are:
1. External Audit License
With this type of license auditors can provide independent auditing services to clients from third parties, including public agencies, private companies, and non profit organizations. External audit are crucial in confirming financial statements as well as making sure that the company complies with any applicable laws.
2. Internal Audit License
Internal auditors evaluate the internal control systems, risk management, and governance practices within organizations. Companies that want to establish an internal auditor department usually require this license.
There are additional specificizations within these broad categories, such as the areas of operational audit, financial audit, IT audit, and forensic audit.
Note: Selecting the right auditing type that matches your goals and objectives for the business is vital.
Registration Process
While the process for getting an audit license in the UAE isn’t easy, with the proper planning and preparation, you’ll be able to be successful.
This step by step guide will help you start:
First Step: Form a partnership in Caviar Accounting
Working in conjunction with Caviar accounting is the best choice if you’re planning to start an audit business in Dubai. Our expert team will manage every aspect of your business license application and company creation on your behalf.
2. Choose the business you want to do
You need to indicate your business’s line of operation (business) in the application procedure. For auditing, accounting, or tax consulting, you are only allowed to carry out the specified tasks.
NOTE: A company is likely to be subject to severe penalties from Dubai’s authorities if it is operating within the UAE without revealing its relevant business activities on the licence to trade.
3. Pick a name for your company
In the UAE, there is some extra consideration than in other regions around the world. This is due to the regulations for naming within the UAE being strict yet easy to adhere to.
Do not use names associated with famous names, profane or vulgar abbreviations, or words when choosing a name for your business. Also, ensure that your chosen name is registered.
The team of Caviar can assist you in ensuring that you’re in compliance with these guidelines, as we are experts in the formation of companies.
Step 4: Choose an area of business and set up
Decide whether to begin your auditing business in Dubai’s mainland area or an unregulated zone. There are numerous advantages to each of the business jurisdictions, as well as distinct features that define the structure of your company.
Free zones grant you complete power and control over your company, simple incorporation procedures, ongoing support for your business, including incentives for financial growth like tax exemptions. There are also other procedures, such as opening branches, for instance.
However, mainland structures allow you to directly and without any additional steps in your UAE market. However, 51 percent of the shares must be owned through the Emirati National (a regional sponsor).
Step 5: Apply for your audit license
After you have decided on the best setting, detailed your goals, and settled on the name of your company, you can make an application for a license to operate a business.
You can apply for a professional license directly to the Department of Economic Development (DED) or to any of the free zones in the United Arab Emirates.
Step 6 Step 6: Apply for a visa
After you’ve submitted an application form for a trade license, you can submit the UAE residency visa to ensure that you can reside and work in Dubai.
In the majority of cases, it is required to be a UAE resident to obtain an audit license. A valid residency visa is necessary.
7. Establish an account for a business in a bank
The final step to take before you can begin trading is to establish a bank account for your company. For your auditing company.
Conclusion
The financial integrity of firms and organisations is dependent on the auditors.
If you are looking to reach your goal of obtaining an audit license in the UAE, begin by meeting the eligibility requirements, selecting the right kind of license, and then meticulously completing the registration procedure.
The team of Caviar can assist you in your quest for a business license in the UAE or elsewhere, whether in a no-cost zone or a mainland jurisdiction.
We manage everything from visa applications to the most essential administrative tasks that allow you to focus on managing the business. contact us
