Find the answers you need
Straight answers to the questions Dubai businesses ask JAXA Chartered Accountants most — on tax, accounting, and staying compliant.
The questions we hear most
Is a financial audit required for my company in the UAE?
Yes. Under Article 27 of UAE Federal Law No. 2 of 2015, every joint stock company and limited liability company must appoint an auditor to audit its books each year. Other company types may appoint one too.
Do I need to file audited financial statements with the regulators?
Often, yes. Listed firms file audited accounts with the relevant exchange before 31 March; banks and financial institutions file with the Central Bank by 31 March; and branches of foreign companies submit yearly accounts when renewing their licence.
How long should a mainland UAE company keep its accounting records?
At least five years after the end of the financial year, under Article 26 of UAE Federal Law No. 2 of 2015. Electronic copies are acceptable.
Which financial year do you audit in the UAE?
The UAE does not mandate a specific year. A financial year is 12 months (a newly formed company can run its first year up to 18 months). Most follow the calendar year, except subsidiaries aligned to a parent company abroad.
How can JAXA help my business?
Our team of seasoned chartered accountants delivers audit, tax, and accounting to the highest standard, so your filings carry weight and you can make decisions with confidence.
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