In today’s fast-evolving corporate landscape, Approved Auditors in Dubai Internet City (DIC) play a vital role in helping businesses maintain regulatory compliance while unlocking new opportunities for financial growth. Theta 7, through its licensed firm — AuditCo Times Auditors L.L.C. — delivers comprehensive, high-quality auditing solutions for startups, SMEs, free zone companies, and large corporations based in DIC.
Choosing the right audit partner isn’t just about ticking boxes; it’s about selecting a trusted advisor who can guide your business through an increasingly complex financial and regulatory environment. Whether you're navigating the nuances of Economic Substance Regulations (ESR), AML compliance, or UBO reporting, Theta 7 stands out as a preferred choice for companies in DIC.
We blend local expertise with global best practices to ensure our clients gain more than just compliance — they gain actionable insights that drive growth.
Dubai Internet City (DIC) is one of the region’s premier free zones, housing leading technology firms, startups, and digital innovators. It offers 100% foreign ownership, strategic location, state-of-the-art infrastructure, and access to world-class talent — all within a thriving ecosystem for digital businesses.
But operating in DIC also comes with regulatory expectations: companies must adhere to UAE Federal Laws, DIC Authority Guidelines, and international financial reporting standards (IFRS). A key part of this is selecting an approved auditor to provide independent, accurate audits that satisfy both internal stakeholders and regulators.
All DIC-registered companies are required to:
Maintain proper books of account
Conduct annual financial audits through approved auditors
Submit reports to Dubai Development Authority (DDA) and other governing bodies
Ensure compliance with UBO, AML, and ESR reporting
Failing to meet these obligations can result in significant penalties, license suspension, or even company deregistration.
By working with Theta 7, businesses gain the peace of mind that their audits are fully compliant with DIC and UAE regulatory expectations — while also providing management with valuable insights for smarter business decisions.
At Theta 7, we understand that each business has unique needs. That’s why we offer a broad spectrum of auditing services designed to cater to startups, SMEs, and complex corporate structures across DIC.
Our external audits deliver fully compliant audit reports — essential for license renewals and regulatory filings — while identifying areas of opportunity for your business.
Our internal audit services provide a detailed look at your internal controls, risk management processes, and operational efficiency, helping you strengthen governance and protect assets.
Theta 7 offers compliance audits to ensure your business is aligned with mandatory legal frameworks, including:
AML Compliance
UBO Reporting
ESR Requirements
Industry-specific regulations
Thinking about a merger, acquisition, or new investment? Our financial due diligence services provide in-depth analysis of target companies, helping you make informed decisions and mitigate risk.
We also conduct special purpose audits and Agreed Upon Procedures (AUPs) to address specific business requirements, whether for shareholder reporting, lender assurances, or internal management needs.
UAE regulations require accurate reporting of the Ultimate Beneficial Owners (UBOs) of each entity — failing which can result in fines or license suspension. Our team ensures your UBO records are compliant and up-to-date.
Certain relevant activities in DIC fall under the Economic Substance Regulations. Theta 7 assists companies with determining applicability, performing ESR assessments, and filing annual reports — ensuring full compliance with the ESR framework.
DIC companies must adhere to stringent AML requirements. We conduct AML compliance audits and risk assessments to ensure your business meets obligations under Federal Decree-Law No. 20 of 2018.
By partnering with Theta 7, you mitigate compliance risks and demonstrate your company’s commitment to transparency and ethical business practices.
Case Study 1:
A DIC-based fintech startup faced challenges preparing for its first ESR filing. Theta 7 provided an ESR impact analysis and guided the client through the entire compliance process — helping them avoid hefty penalties.
Case Study 2:
A mid-sized e-commerce firm needed a reliable audit partner to satisfy investors ahead of a new funding round. Through Theta 7’s external audit services, the company demonstrated robust financial performance and successfully closed a $3M investment.
It’s simple to get started with Theta 7:
Contact us via our website: Theta 7 Contact Page
Schedule a consultation with our licensed auditors
Receive a tailored proposal based on your company size, structure, and audit requirements
We’re proud to help DIC companies achieve both regulatory excellence and financial clarity.
Who needs an audit in DIC?
All DIC-registered businesses must submit audited financial statements annually through approved auditors such as Theta 7.
What are the penalties for non-compliance?
Non-compliance can result in financial penalties, license suspension, or deregistration.
How long does the audit process take?
Depending on company size and complexity, audits typically take 2-6 weeks.
What documents are required for the audit?
Financial statements, bank records, ledgers, VAT filings, contracts, and shareholder agreements.
How does Theta 7 ensure confidentiality?
We follow strict confidentiality protocols and industry best practices to safeguard client information.
Can Theta 7 assist with other financial services?
Yes, we also offer accounting, VAT advisory, ESR support, and CFO advisory services.
When it comes to Approved Auditors in Dubai Internet City (DIC), Theta 7 sets the gold standard. Through our licensed firm AuditCo Times Auditors L.L.C., we deliver regulatory-compliant, transparent, and insightful auditing services that empower businesses of all sizes.
If you’re ready to partner with an auditing firm that values your success as much as you do — let’s talk.
👉 Schedule Your Free Consultation Today
Let Theta 7 be your trusted partner in navigating DIC’s regulatory landscape — and achieving your business’s full potential.
