Your Reliable Partner for RAKEZ Audit Compliance
A yearly submission of audited financial statements is required for trade licence renewal and regulatory compliance if your company holds a licence under the Ras Al Khaimah Economic Zone (RAKEZ). All RAKEZ-registered business types, including branches and Free Zone Entities, must comply with this requirement. RAKEZ Approved Auditors in Dubai can assist in ensuring that your financial reports meet the necessary standards and are submitted accurately and on time.
RVG Chartered Accountants, among the trusted RAKEZ Approved Auditors in Dubai, provides reliable, accurate, and fully FTA compliant audit services. Our team ensures your financials meet all legal standards while helping you avoid fines, licence delays, or rejections. With deep expertise across UAE free zones, we are your dependable partner for managing audits with confidence and ensuring business continuity.
Why You Need a RAKEZ-Approved Auditors In Dubai
All businesses under RAKEZ’s control are required to ensure financial transparency by submitting their audits on schedule. Designating RVG Chartered Accountants, one of the leading RAKEZ Approved Auditors in Dubai, as your authorised auditor guarantees:
✔️Complete adherence to UAE and RAKEZ tax laws
✔️Submissions made on time to prevent fines or licence delays
✔️ Precise financial documentation for banks, investors, and authorities
✔️Professional advice on AML, VAT, ESR, and corporate tax needs
- RAKEZ Audit Process with RVG Chartered Accountants
Companies that are registered with RAKEZ are required to formally designate an auditor who has been approved by RAKEZ. It is well known that RVG Chartered Accountants can conduct audits for businesses in RAKEZ.
The company's financial records are prepared for the fiscal year by your internal team or accountant. RVG helps with format and structure to satisfy UAE compliance requirements.
RVG thoroughly examines the financials, finds any irregularities, confirms compliance with UAE Corporate Tax laws and IFRS, and writes an official audit report.
After completion, the audited financial accounts must be delivered to RAKEZ within six months of the fiscal year's conclusion. For compliance and licence renewal, timely submission is essential.
- Responsibilities of RVG Chartered Accountants
We attest that your records adhere to international reporting requirements and present an accurate and fair picture of the financial health of your company.
RVG verifies that your business runs within the bounds of law and tax compliance by providing wage reports and spending breakdowns.
If problems are discovered, RVG helps you correct mistakes before they become more serious by providing the proper opinion (qualified, disclaimer, or adverse) as needed by law.
FAQs
Yes. Every year, all RAKEZ licensed businesses must submit audited financial statements in order to stay in compliance and have their trade licence renewed.
Penalties, licence suspension, and delays in banking and immigration services are all possible outcomes.
In addition to being registered with the Federal Tax Authority and the UAE Ministry of Economy, RVG Chartered Accountants is legally recognised as a RAKEZ accredited auditor.
Yes. We help with VAT registration and filing, corporate tax advice, return filing, and FTA compliance in addition to audits.
Two to three months prior to the RAKEZ deadline is ideal. This allows time for the collection of financial documents, the audit, and timely submission.
Deadlines, Penalties & License Impact
Audit Submission Deadline
- Within six months of the conclusion of your fiscal year, RAKEZ normally expects audited financial statements.
- The majority of businesses that operate from January through December are required to submit by June 30th of the subsequent year.
Penalties for Non-Compliance
Not turning in the audit report on time could result in:
- Financial penalties
- Delays or denials of trade licence renewals
- Suspension of business operations
- Problems with bank account operations and UAE residency visas
