Undoubtedly, the United Arab Emirates, commonly known as the UAE, has been serving as a global business hub for a long time. With time, the number of authorized auditors is also rising.

So, if you know how to get audit license in Dubai, you could be one of the compliant auditing service providers. And secure your future in Dubai.

However, obtaining a license and complying with other rules and regulations is not as easy as it sounds. The entire process is under the Ministry of Economy of Dubai. Hence, the rules are stricter to follow and get the required certifications.

Not to worry. We are there to watch your back.

This post will help you get some comprehensive ideas to open your audit outlet in Dubai. Let’s explore.

What is an audit license? 

Audit license is the official permission from the government or any relevant government body to conduct auditing. In other words, auditing is the way to evaluate financial aspects of a business or firm. The sole aim of this process is to maintain integrity and there are no deviations in financial norms. 

The licensed auditors are permitted to look into the credibility of a business and if the business is following the required practices. 

Only qualified people have the opportunity to get an audit license in Dubai. 

Who needs an audit license in Dubai? 

Before knowing how to get audit license in Dubai, it is imperative to know who is eligible for the license. The following will require the license in Dubai. 

• Starting your auditing business
• Provide a third-party (or external) audit service  
• Providing audit reports 
• Enlist or want to enlist as external government authorized auditor 
• Providing forensic audit service 

For the aforesaid reasons, you need to know the licensing process. Otherwise, you may not be eligible one for this service. 

Now, let’s check the steps on how to get audit license in dubai. The brief explanations will make it clear to you. And following the steps, you can obtain yours. 

Step 1 – Eligibility 

The first and foremost fact is that you need to be eligible to obtain an audit license. The criteria for the license are highly strict. 

First of all, you should have a bachelor degree. And that should be relevant to your profession or auditing service. And of course, the degree should be from any recognized academic institute. 

Besides, you must have relevant professional qualifications. The qualifications include ACCA, AICPA, ICAEW, among others. 

At the same time, you also need to have around up to five years of professional experience. 

If you can meet these academic and professional criteria, you are able to cross the first step. 

Step 2 – Set your jurisdiction 

In the second step, you need to select or set your jurisdiction in Dubai. Either you need to select mainland company setup or the free zone. 

Picking the mainland as the jurisdiction allows you to access the Dubai market completely. You have the potential to get your clients in a short span of time. 

However, the costs of setting up an audit firm is higher in the mainland. Also, you have to follow some stricter requirements. 

On the contrary, setting up an audit firm in the free zone is almost effortless. The costs are comparatively cheaper but you will have limited options and opportunities. 

Step 3 – Get a name for your audit firm in Dubai

In the third step of how to get audit license in Dubai, you have to get a name for your business. In line with your registration and license, you have to book a name for the business. 

You have to use the right code for the business while applying for the name. After receiving initial approval from the Dubai authorities, you have to submit some other documents. 

Step 4 – The documents 

Once you have the initial approval for your business, as said before, you have to submit some necessary documents to the authorities. The documents include 

• Passport copy of the owner 
• Emirates identity card 
• Proof of your professional experience 
• Your office space lease agreement 
• Business name reservation certificate 
•  Any additional documents. 

Once the documents are gathered, submit those to the authorities. And clear necessary fees like the license fee, registration fee and other relevant fees. 

After all the formalities are complete, you will receive your audit firm license. 

It is noteworthy that you have to renew the license after a certain interval. 

Why you should hire us 

If you know how to get audit license in dubai, you can complete certain stages. But if you lack a comprehensive idea, you may stumble in different stages. 

Thereby, you need some expert advice to establish your business smoothly and efficiently. 

The most important factor is that many of the people lack the right idea about the documentation. Also, they lack the right network to communicate with the government officials effectively. Ultimately, they result in failure. 

As a leading counselling organization in Dubai, we take humble pride in our success. We prioritize our clients more than anything. And we guide them to sail toward the right destination. 

Our years of experience help our clients to establish their auditing firm within a short time. 

Also, we have flexible payment options and several tailored packages to cater all the needs of our clients.   

Frequently Asked Questions

How to get audit license in dubai?  

Well. The process is pretty simple. In a nutshell, you should meet the eligibility criteria, submit documents, pay necessary fees, and receive your license. Once you get the license, you can start practising. 

Why do I need to meet eligibility criteria? 

As you are providing support to a globally renowned business hub, you must have necessary academic qualification and professional experience. Otherwise, you may not be able to deal with the large financial issues and deliver an optimum audit report.   

How to select the best audit firm in Dubai? 

The first fact is to know about their experience. Know what their clients say about them. Also, you have to check the flexibility they offer to you. If you find everything positive, you can hire their service. 

Which place is better for an audit firm – mainland or free zone?

Well. For an audit firm in Dubai, both the places have their respective advantages, disadvantages and flexibilities. 

For instance, if you are in the mainland, you have the potential to expand your business shortly. You can deliver the service across Dubai. However, the associated and operational costs are more. 

On the other side, establishing an audit firm in a free zone (like Dubai Multi Commodities Centre) is easier for smaller firms. But you have limited opportunities. 

End note 

Now, you know how to get audit license in dubai. In fact, UAE is a leading place to grow in this process as this is the business hub where a number of multinationals and corporations have their business outlets. The economic advancement of the country is also remarkable. 

So, if you can establish your audit firm, connect with finance professionals, and support them with the top-notch service, your business will develop gradually. 

However, for any guidance or tailor-made solutions to obtain your audit license, feel free to reach us.