Establishing a business in Jebel Ali Free Zone (JAFZA) opens the door to world-class infrastructure, tax benefits, and global trade routes. However, with opportunity comes the responsibility of maintaining full financial transparency. To uphold the free zone’s reputation and economic integrity, JAFZA mandates strict compliance, including the submission of audited financial statements within 90 days of a company’s financial year-end.
This isn’t merely a regulatory formality. An audit conducted by approved auditors serves as a financial health check that builds investor confidence, unlocks operational clarity, and reduces risk.
This is where Theta 7 steps in, offering expert auditing services to ensure your business remains compliant and thrives in this competitive environment.
JAFZA, established in 1985, is more than a geographical zone — it’s an economic engine. Located adjacent to Jebel Ali Port and near Al Maktoum International Airport, this free zone acts as a strategic gateway to global trade.
Home to over 10,700 companies, including 100+ Fortune 500 firms.
Directly contributes 24% to Dubai’s GDP and 32% of the UAE’s total FDI inflow.
Offers zero corporate tax, 100% foreign ownership, no currency restrictions, and full capital repatriation.
Strategic access to markets in the Middle East, Africa, Europe, and Asia.
Theta 7 isn’t just another auditing service. It’s a compliance-centric, insight-driven financial partner with a reputation for accuracy, professionalism, and proactive support. Our subsidiary, AuditCo Times Auditors L.L.C., is a fully licensed and JAFZA-approved audit firm, bringing unmatched local expertise and international auditing standards.
DED-Approved License: Ensures full legal recognition across UAE jurisdictions.
Experienced Chartered Accountants: Our team includes qualified professionals with deep knowledge of UAE commercial regulations.
IFRS-Compliant Audits: We align our audits with international best practices, ensuring credibility across global financial institutions.
Tailored Solutions: Whether you're an SME, startup, or corporate group, we adapt our approach to fit your business model and complexity.
Maintain up-to-date financial records using accepted accounting standards (preferably IFRS).
Appoint a licensed auditor approved by JAFZA.
Submit an annual audited financial statement within 90 days of the fiscal year-end.
Prepare audit reports in English and reflect your functional currency
Financial statements must clearly indicate values in the company’s primary operating currency — typically AED or USD — to ensure clarity for regulators and stakeholders.
Non-compliance can lead to penalties, delays in license renewals, and potential operational disruptions.
Non-renewal of your trade license.
Suspension of your company's Dubai Trade Portal access.
Financial penalties.
Financial statements for the fiscal year.
Bank statements.
Invoices and receipts.
Company trade license and incorporation documents.
We assist in compiling and reviewing all necessary documents to streamline the audit process.
JAFZA typically does not grant extensions for audit submissions. Timely compliance is crucial to avoid penalties.
Our team ensures your audit is completed well before the deadline, mitigating any risks associated with late submissions.
The audit process involves:
Reviewing financial records.
Verifying transactions.
Assessing compliance with accounting standards.
Preparing and submitting the audit report
At Theta 7, we understand the intricacies of JAFZA's regulatory landscape. Through our licensed audit firm, AuditCo Times Auditors L.L.C., we offer comprehensive auditing solutions tailored to meet JAFZA's specific requirements. Our services include:
Detailed evaluations of your financial statements, mandatory for JAFZA authority submission. Our reports are fully compliant with UAE and free zone audit requirements.
Assess your internal control systems, operational processes, and risk management practices. This is key for businesses seeking to optimize processes and avoid inefficiencies.
Ensure your business follows JAFZA regulations, internal bylaws, and sector-specific obligations. This prevents penalties and secures your operating license.
We execute specific audits based on client requirements — from inventory checks to cash flow verifications — offering precision without a full-scope audit.
Planning a merger or investment? Our financial due diligence services provide deep insights into financial health and operational sustainability.
In cases of fraud suspicion, embezzlement, or mismanagement, our forensic audits uncover evidence, support litigation, and restore trust.
Our team comprises experienced chartered accountants and certified auditors dedicated to delivering precise and timely audit services.
Working with Theta 7 brings more than regulatory compliance — it brings clarity, foresight, and strategic alignment. Here’s why our clients trust us:
We break down financial jargon into actionable insights. You’ll always know exactly where your business stands — and what to improve.
Never worry about missed deadlines or audit flags. Our thorough, well-documented process ensures you're always ahead of regulatory requirements.
Each audit goes beyond the checklist — we assess trends, risks, and growth opportunities, helping you make data-backed business decisions.
We work with businesses of every size — from single-owner startups to multinational groups — and craft audit plans that scale with you.
Choosing the right audit partner in JAFZA isn’t just about checking a compliance box. It’s about choosing a financial ally who understands your business and supports your growth journey.
Theta 7 delivers audits with purpose — helping you meet legal standards while revealing the financial insights that truly drive progress.
📍 Ready to transform your audit process?
Don't let audit requirements catch you off-guard. Let Theta 7 give your business the clarity, confidence, and compliance edge it needs to thrive in JAFZA.
🧾 Click here to book your consultation
🔗 Want to learn more? Who needs an audit in the UAE
