Al Fakhar Accounting Approved Auditors & Tax Agents in UAE

Al Fakhar Accounting, led by Fakhar Hayat (FCCA UAECA) – Providing Expert Audit, Tax & Accounting Solutions Across Dubai & UAE Free Zones including DMCC, DAFZA, JAFZA, DIFC, Meydan & More, in Collaboration with MOE-Registered Auditors & FTA-Registered Tax Agents | Call/WhatsApp: ‪+971 50 116 9031
Al Fakhar Accounting, led by Fakhar Hayat (FCCA UAECA) – Providing Expert Audit, Tax & Accounting Solutions Across Dubai & UAE Free Zones including DMCC, DAFZA, JAFZA, DIFC, Meydan & More, in Collaboration with MOE-Registered Auditors & FTA-Registered Tax Agents | Call/WhatsApp: ‪+971 50 116 9031
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RAKEZ Approved Auditors

Ras Al Khaimah Economic Zone (RAKEZ), established by the government of Ras Al Khaimah, has made auditing mandatory for companies operating in the RAKEZ from 2020 as per a new announcement from RAKEZ Authority. The companies need to submit a copy of the audited financial statements for the financial year of 2019, and for a subsequent year, within 6 months from the end of the company’s financial year. The companies operating in the RAKEZ need to get their books of accounts audited from the registered audit firms in RAKEZ.

Audit firms that are not registered with RAKEZ are not allowed to conduct the audit or liquidation or provide services to companies licensed by the RAKEZ. The new regulations are in place to ensure that the registered companies comply with local and international regulations such as the International Financial Reporting Standards (IFRS), Anti-Money Laundering (AML) & Combating Financing of Terrorism (CFT).

About Ras Al Khaimah Economic Zone (RAKEZ)

Ras Al Khaimah Economic Zone (RAKEZ) was established in 2017 through the merger of RAK Investment Authority (RAKIA) and RAK Free Trade Zone (RAK FTZ). Situated in the northern emirate of Ras Al Khaimah, RAKEZ offers world-class infrastructure, flexible licensing options, and a business-friendly environment to support a wide range of industries, from manufacturing and trading to education and logistics.

Key features of RAKEZ include:

  • Strategic Location: Easy access to major sea, air, and land transport networks.

  • Flexible Facilities: Tailored office, warehouse, and light-industrial units.

  • Cost-Effective Setup: Competitive fees, 100% foreign ownership, and zero corporate and personal income tax.

  • Industry Clusters: Dedicated zones for manufacturing, media, education, and more.

  • Investor Support: One-stop shop for licensing, visas, and government approvals.

At Al Fakher Accounting, we work closely with RAKEZ-registered companies to deliver compliant audit and accounting services, helping you navigate RAKEZ regulations and ensuring smooth license renewals.

Auditing Services in RAKEZ

It is of utmost importance to note that the companies need to appoint the auditor from the RAKEZ approved auditors list. Al Fakher Accounting is one of the top-rated auditing and accounting firms in UAE. Al Fakher Accounting is registered with the Ras Al Khaimah Economic Zone (RAKEZ) Authority. The expert team of auditors in Al Fakher Accounting analyzes and provides a report on the accounts of the companies operating in RAKEZ. Al Fakher Accounting auditors also provide companies with a true and fair opinion on their financial condition to ensure that the company’s accounts are free from any material misstatements and comply with local as well as international regulations including IFRS, Anti Money Laundering (AML), and Combatting Financing of Terrorism (CFT).

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RAKEZ Audit Requirement for Registered Companies

Companies registered with RAKEZ are required to appoint an approved auditor who will examine and report on the accounts in accordance with local and international regulations. The auditor’s report must confirm that the company’s financial statements comply with International Financial Reporting Standards (IFRS) and that the company is not involved in money laundering or unauthorized business activities.

It is of utmost importance to note that the companies need to appoint the auditor from the RAKEZ approved auditors list. Al Fakher Accounting is one of the top-rated auditing and accounting firms in the UAE. Al Fakher Accounting is registered with the Ras Al Khaimah Economic Zone (RAKEZ) Authority. The expert team of auditors at Al Fakher Accounting analyzes and provides a report on the accounts of the companies operating in RAKEZ. The auditors also provide companies with a true and fair opinion on their financial condition to ensure that the company’s accounts are free from any material misstatements and comply with local as well as international regulations including IFRS, Anti-Money Laundering (AML), and Combating Financing of Terrorism (CFT).

Documents Required by the RAKEZ Approved Auditors to Conduct the Audit

In order to conduct the audit and assurance, Al Fakher Accounting, being one of the RAKEZ approved auditors, asks the companies to furnish the documents corresponding to the relevant year. This facilitates the auditor’s job to draw an opinion on the financial position by analyzing the financial statements at the year-end to comply with regulations. The companies are required to present the following documents:

  • Bank Statements

  • Credit/debit confirmation for all financial transactions

  • Copies of bills and invoices

  • Memorandum of Association (MoA)

  • Articles of Association (AOA)

  • Latest Trade License

  • Registration Details for VAT and Excise Tax (If Applicable)

  • Books of Accounts