Dubai Healthcare City (DHCC) stands as the UAE’s premier healthcare free zone, created to foster clinical excellence, medical innovation, and integrated health services. Since its establishment in 2002, DHCC has evolved into a thriving ecosystem hosting hospitals, clinics, research institutions, pharmacies, wellness centers, and supporting service providers. Governed by the Dubai Healthcare City Authority (DHCA), DHCC upholds rigorous standards for financial governance and regulatory compliance. As part of its licensing and renewal process, every entity registered within DHCC is required to submit annual audited financial statements—engaging only DHCC‑approved auditors, ensuring alignment with UAE Commercial Companies Law, IFRS, and free‑zone regulations.
Dubai Healthcare City (DHCC) is a healthcare‑focused free zone established in 2002 by the Dubai Healthcare City Authority. Strategically located in Dubai, DHCC has grown into a comprehensive destination for healthcare and wellness—bringing together clinical services, medical education, research institutions, retail pharmacies, laboratories, and professional support firms.
Key features of DHCC include:
Free‑zone benefits: Entities enjoy 100% foreign ownership, full repatriation of capital and profits, and exemptions from corporate and import/export taxes.
Diverse entity types: DHCC accommodates Free Zone LLCs, branches of UAE‑based companies, and branches of foreign entities.
Robust regulatory framework: The DHCA and its regulatory body DHCR oversee licensing, compliance, clinical standards, and financial reporting.
To maintain a license in DHCC, entities must, among other obligations, submit annually audited financial statements by a DHCC‑approved auditor, starting from March 1, 2021 .
Theta 7 Group is not only a licensed audit provider but also a trusted accounting firm serving businesses across Dubai and the UAE. Through its dedicated arm, AuditCo Times Auditors L.L.C., Theta 7 delivers tailored audit, accounting, and financial advisory services. Whether you're a clinic, a hospital, a lab, or a wellness center operating under DHCC, Theta 7 ensures full regulatory compliance while adding measurable value to your business.
As a recognized DHCC‑approved auditor, AuditCo Times is authorized to perform statutory audits for all entities within the Dubai Healthcare City Free Zone—ensuring license renewals proceed without delay and financial submissions meet every requirement of the Dubai Healthcare City Authority (DHCA).
AuditCo Times Auditors L.L.C., operating under the Theta 7 brand, is a DED-approved, IFRS-compliant audit firm, specifically listed on the DHCC-approved auditor register. This means:
Your audit reports will be accepted by DHCA for license renewal.
All audits adhere to UAE Commercial Companies Law and international standards.
The audit process is transparent, efficient, and tailored to your business model.
Together, AuditCo Times and Theta 7 offer a 360° suite of financial solutions, including:
External audits – statutory audits required by DHCA and UAE regulators
Bookkeeping and full-scope accounting – accurate monthly and annual accounts
Internal audits – evaluation of internal controls and risk management
Tax compliance & VAT filing – end-to-end UAE tax support
Agreed-Upon Procedures (AUPs) – bespoke audit testing on request
Financial due diligence – for mergers, acquisitions, and investor onboarding
Forensic accounting – financial investigations and fraud reviews
The team behind AuditCo Times brings deep sector knowledge and hands-on experience across the full spectrum of DHCC-regulated entities, including:
Outpatient clinics & polyclinics
Specialty and multi-disciplinary hospitals
Pharmacies and medical supply companies
Biotechnology and clinical research labs
Medical universities and training institutions
Holistic wellness and rehabilitation centers
✅ DHCC-approved audit firm on the official register
✅ Licensed by DED and compliant with all free zone laws
✅ Specialized healthcare focus tailored to medical accounting needs
✅ Reliable partner for both startups and large-scale operations
✅ Chartered Accountants & Certified Auditors on every project
✅ Strategic business insight, not just audit checkboxes
Since March 1, 2021, all entities licensed under Dubai Healthcare City (DHCC) are mandated to undergo an annual financial audit. This regulatory update by the Dubai Healthcare City Authority (DHCA) aims to improve transparency, accountability, and financial integrity within the zone. Audits are essential not only for compliance but also for ensuring that healthcare organizations manage their finances with discipline and foresight.
Entities that require an audit in DHCC include:
Free Zone Limited Liability Companies (FZ-LLCs)
Branches of UAE companies
Branches of foreign companies
Medical clinics, pharmacies, and healthcare consultants
Education and training institutions within DHCC
Diagnostic labs, wellness centers, and specialty hospitals
Even newly formed entities are expected to prepare for their first audit at the end of their financial year, ensuring proper record-keeping from day one.
All DHCC-registered businesses must maintain comprehensive and organized financial records, including:
General ledger reports
Bank statements
Invoices and receipts
Payroll and staff compensation records
Expense reports and procurement documents
These records form the foundation for the audit process. Each year, entities must submit their audited financial statements to DHCC as part of their license renewal documentation.
Missed or delayed submissions may result in:
Penalties or fines from DHCA
Suspension or non-renewal of business licenses
Legal complications or reputational damage
That’s why working with a DHCC-approved auditor like AuditCo Times Auditors L.L.C. under Theta 7 is essential. They ensure reports are prepared accurately, submitted on time, and compliant with every local and international requirement.
While audits are mandatory for all operating entities, some startups or micro-businesses may voluntarily opt for an audit even if it’s not yet enforced. Why?
Investor readiness: Audited accounts increase investor trust
Loan and funding: Lenders often request audited financials
Operational review: Internal audits can reveal inefficiencies
Strategic planning: Audits provide a clear financial roadmap
Whether your audit is mandatory or voluntary, Theta 7's combined accounting and auditing expertise ensures your business operates smoothly, and decisions are based on reliable financial data.
Ready to streamline your DHCC license renewal and eliminate audit stress?
Connect with Theta 7’s experts today and receive a free initial consultation on your audit readiness, compliance obligations, and strategic financial planning.
Your growth starts with clarity—let AuditCo Times help you unlock it.
