Meydan Free Zone Approved Auditors
AFD Auditors is an approved audit firm on Meydan Free Zone's official auditors list, authorized to conduct statutory audits for companies registered under the Meydan Free Zone Authority. If your company is licensed in Meydan Free Zone, we prepare and submit your annual audited financial statements in line with the authority's requirements, so your license renewal stays on track.
Book Free ConsultationAbout Meydan Free Zone and Why Hire Approved Auditors?
Meydan Free Zone is a Dubai-based free zone operating under the Meydan Free Zone Companies and Licensing Regulations 2022, attracting companies across trading, consulting, and services sectors. Under these regulations, every registered company must prepare annual financial statements, and audited financials are required as a mandatory part of the yearly license renewal process. Companies classified under Qualifying Free Zone Person status for UAE Corporate Tax purposes face the audit requirement directly, and most operating companies preparing for license renewal need an auditor from Meydan’s approved list; unapproved firms risk having submissions rejected.
Audit Requirements for Meydan Free Zone Companies
- Annual financial statements must be prepared under IFRS and audited by a Meydan-approved auditor
- Audited financial statements are commonly due within 90 days of the company’s financial year end, though the authority has referenced windows up to 180 days depending on license terms
- Submission is a mandatory condition of annual trade license renewal
- Newly formed or low-activity companies should confirm their audit status directly with Meydan rather than assume an exemption applies
- Late or missing submissions can lead to fines, license renewal delays, and restrictions on business operations
Documents Required for Meydan Free Zone Audit Submission
- Valid trade license, Memorandum of Association, and Articles of Association
- Trial balance and general ledger for the financial year
- Bank statements and reconciliations
- Sales and purchase invoices with supporting contracts
- Balance confirmations from debtors, creditors, and other third parties
- Prior year audited financial statements, where applicable
AFD Auditors Process for Meydan Free Zone Approved Audits
- Engagement & Planning – We confirm scope and issue the engagement letter based on your license type and QFZP status.
- Document Collection – We request trial balance, bank records, invoices, and supporting contracts.
- Audit Fieldwork – We test transactions and verify balances against IFRS requirements.
- Financial Statement Preparation – We prepare IFRS-compliant statements with full disclosures.
- Meydan Submission – We finalize the signed audit report and submit it ahead of your license renewal.
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Consult For FreeFrequently Asked Questions (FAQs)
Most operating companies need audited financials for license renewal, and it is a firm requirement for companies with Qualifying Free Zone Person status. Newer or low-activity companies should confirm their exact status with Meydan directly rather than assume an exemption.
Deadlines are commonly cited at 90 days from financial year end, though the exact window can vary by license terms, so it is worth confirming your specific date with the authority.
Late filing can result in fines, delays to license renewal, and restrictions on certain business services.
No. Only firms on Meydan Free Zone’s official approved auditors list can prepare a report the authority will accept.
Yes. Audited books are a requirement for companies seeking the 0% Corporate Tax rate under Qualifying Free Zone Person status.