The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
Internal Audit for UAE Real Estate and Construction Companies
27-Jan-2026
Registered Auditors for RAKEZ Companies
Reliable audit solutions aligned with RAKEZ regulations and reporting standards.
Registered Auditors in RAKEZ
According to a declaration by the RAKEZ Authority, businesses operating in the Ras Al Khaimah Economic Zone (RAKEZ) must submit audited financial statements starting with the 2019 fiscal year. Audits must be submitted within six months of the company’s fiscal year-end. The registered auditors in RAKEZ must audit the books of accounts of the businesses operating there.
Only audit firms registered with RAKEZ are permitted to conduct audits or provide auditing-related services to RAKEZ-licensed companies. The regulations ensure that registered companies comply with local and international standards, including International Financial Reporting Standards (IFRS) and regulations related to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).
Who Needs Audit Services in RAKEZ?
Audit services in RAKEZ are mandatory for:
- Free zone companies registered under RAKEZ
- Non-free zone entities operating within RAKEZ jurisdiction
- Companies applying for trade license renewal
- Businesses seeking bank loans or investor funding
- Entities required to comply with IFRS, AML, and CFT regulations
Annual audits ensure transparency, regulatory compliance, and uninterrupted business operations within RAKEZ.
The Ras Al Khaimah Economic Zone (RAKEZ)
RAKEZ is one of the largest economic zones in the UAE, hosting over 14,500 companies. It is situated in the northernmost emirate, Ras al Khaimah. The strategic location in Ras al Khaimah provides companies with access to markets in South Africa, Europe, Southern and Central Asia, and other Middle Eastern countries. The competitive real-estate prices in Ras Al Khaimah, as well as the availability of property on lease, are a big plus for investors. The emirate also has no strict limits on currency exchange or labor recruitment.
RAKEZ provides:
- Entities in both free and non-free zones
- Client self-service portal
- Access to major logistical hubs
- Full foreign ownership is permitted.
- Various commercial and industrial facilities
Processes that are rapid and effective for starting a business
Why is an audit from an approved auditor required in RAKEZ?
Companies registered with RAKEZ must appoint an auditor to examine and report on financial statements prepared by local and international regulations. The auditor's report must state whether the company's accounts comply with International Financial Reporting Standards (IFRS) and applicable Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.
The auditor's report must specify whether the accounts present a true and fair picture of the company's affairs at the end of the fiscal year and whether the accounts are free of material misstatements. The auditor must also state in his report whether the company is only engaging in activities that are permitted by its trade license. Before renewing the trade license, the authorities heavily rely on the auditor's report.
The RAKEZ-approved auditor must verify that the company has maintained proper accounting records. The auditor must also ensure that the company's accounts are consistent with the accounting records and returns. Failure to submit audited financial statements may result in a fine of AED 2,500 and potential suspension of services.
Companies operating in RAKEZ can select the best RAKEZ-approved auditing firms based on their reputation and experience.
Documents Required for the Audit by RAKEZ Approved Auditors
In order to conduct the audit and assurance, the auditors request that the companies provide the documents corresponding to the relevant year, which simplifies the auditor's job of drawing an opinion on the financial position by analyzing the financial statements at year-end to ensure compliance with regulations. Companies are required to provide the following paperwork:
- Account Statements
- All financial transactions require credit/debit confirmation.
- Bills and invoice copies
- Association Memorandum (MoA)
- Articles of Incorporation (AOA)
- Most recent Trade License Registration VAT and Excise Tax Information (If Applicable)
- Accounts books
RAKEZ Auditing Services
It is critical to note that companies must appoint auditors from the RAKEZ Approved List of Auditors. Reyson Badger is a highly regarded auditing and accounting firm in the UAE. Reyson Badger is registered with the Ras Al Khaimah Economic Zone Authority (RAKEZ). Our expert audit team analyses and reports on the accounts of the companies operating in RAKEZ.
As a RAKEZ-approved auditor, Reyson Badger provides professional audit services in the Ras al Khaimah Economic Zone.
- We provide cost-effective and efficient auditing solutions tailored to the needs of businesses operating in RAKEZ.
- We ensure efficiency by making all services and transactions as seamless and transparent as possible.
- We provide businesses with a customized business solution that is tailored to their needs.
- We assist you in understanding your business and business trends so that you can make more informed decisions.
Reyson Badger guarantees that your financial statements are true and correct. We examine the audit report to ensure that it reflects an honest opinion of the company's financial aspects. We ensure that the books of accounts comply with international standards. We use advanced audit techniques and data analytics to ensure complete accuracy. We identify flaws in internal control procedures and make recommendations. We prepare and present audit work on time in accordance with client requirements. Reyson Badger issues high-quality audit reports under RAKEZ regulations.
Book a free consultation today to know more
Audit
Audit in Free Zones
- DDA Approved Auditors
- DAFZA Approved Auditors
- Registered Auditors in JAFZA
- Approved Auditors in DMCC
- Dubai Technology and Media Free Zone
- Sharjah Media City Free Zone
- Dubai Media City(DMC)
- Sharjah Publishing City Free Zone (SPCFZ)
- Abu Dhabi Global Market
- Twofour54 Free Zone
- SRTIP Free zone Approved Auditors
- Registered Auditors in IFZA
- Registered Auditors in DWC
- Registered Auditors in RAKEZ
- Umm Al Quwain Free Trade Zone
- Dubai International Academic City
- Registered Auditors in AFZ
- Registered Auditors in Meydan
- Registered Auditors in TECOM
- Registered Auditors in Dubai Silicon Oasis
- Dubai Production City
- Dubai Auto Zone
- Registered Auditors in SAIF Zone
- Dubai Biotechnology and Research Park
- Khalifa Port and Industrial Zone (KPIZ)
- Dubai Design District
- Dubai Car and Automotive City Free Zone
- DIC Approved Auditors
- Dubai CommerCity Free Zone
- Dubai Flower Centre Free Zone
- Ras Al Khaimah Media Free Zone
- Dubai Gold and Diamond Park
- RAK Maritime City Free Zone Authority
- Dubai Healthcare City Free Zone
- Ras Al Khaimah Free Trade Zone
- Dubai Studio City
- Masdar City Free Zone
- International Humanitarian City Free Zone
- Dubai Knowledge Village Free Zone
- Dubai Logistics City Free Zone
- Industrial City of Abu Dhabi Free Zone
- Dubai Knowledge Park Free Zone
- Auditors in Dubai Outsource City Free Zone
- Registered Auditors in ADAFZ
- Registered Auditors in FFZ
- Registered Auditors in HFZ
- Higher Corporation for Specialized Economic Zones
- Dubai Maritime City Free Zone
- Dubai Techno Park Free Zone
- Registered Auditors in DIFC
- Dubai Textile Village Free Zone
- Dubai World Trade Centre
- Fujairah Creative City Free Zone
- Khalifa Industrial Zone Abu Dhabi (KIZAD)
- Dubai Science Park Free Zone
Auditing Services for Industries
- Auditing Services for Bakeries in Dubai
- Auditing Services for Butcheries in Dubai
- Auditing Services for Catering Services in Dubai
- Auditing Services for Clinics in Dubai
- Auditing Services for Event Management Companies in Dubai
- Auditing Services for Groceries in Dubai
- Auditing Services for Gym in Dubai
- Auditing Services for Health Club in Dubai
- Auditing Services for Hospital in Dubai
- Auditing Services for Legal Translation Company in Dubai
- Auditing Services for Management Consulting Companies in Dubai
- Auditing Services for Minimarts in Dubai
- Auditing Services for Owner's Association (Building Association Management) in Dubai
- Auditing Services for Printing Press in Dubai
- Auditors For Exhibition Companies
- Auditors for Sports Companies
- Auditing Services for Real Estate in Dubai
- Auditing Services for Restaurant in Dubai
- Auditors for Family Business
- Audit Services for Online Trading Companies
- Auditors for Interior Design Companies
- Audit Services for Mining Companies
- Auditing Services for Shopping Malls in Dubai
- Auditing Services for Supermarkets in Dubai
- Auditors for Manufacturing Industries
- Auditors for Trading Companies
- Audits in the Hotel Industry
- Auditors for Pharmacies
- Auditors for Oil and Gas Companies in UAE
- Auditors for Hospitality Industry
- Auditors for Digital Marketing Companies
- Auditors for Marine Companies
- Auditors for Automobiles
- Auditors for Retail Companies
- Auditing for Construction Companies
- Auditors For Vacation Home Rental
- Auditing services for Advertisement Company in Dubai
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We’ll get back to you shortlyFAQs
Yes. As per Ras Al Khaimah Economic Zone regulations, all RAKEZ-licensed companies must submit audited financial statements annually, regardless of company size, starting from the 2019 financial year.
Audited financial statements must be submitted within six months from the end of the company’s financial year to avoid penalties or service suspension.
No. Only RAKEZ-approved auditors listed by the RAKEZ Authority are authorized to conduct audits or provide audit-related services to RAKEZ companies.
Failure to submit audited financial statements may result in fines of AED 2,500, delay in trade license renewal, and possible suspension of RAKEZ services.
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