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Dubai Development Authority

Dubai Development Authority

Dubai Development Authority: auditors and accountants

Dubai Development Authority is a Dubai Government entity established and named pursuant to Law No. 15 of 2014 and Law No 10 of 2018. The change reflects the entity’s new broader mandate overseeing development control, municipal, economic and immigration functions across select free zone clusters and other communities by various master developers throughout Dubai.

Businesses can choose from several legal structures at the time of incorporation. These are as follows:

Internal Audits

Internal audit refers to the audit of internal control procedures adopted by an organization in furthering its objectives. Many organizations are realizing the need to address the risks that threaten strategic objectives around growth and profitability. At the same time, executives recognize the importance of implementing good governance practices to facilitate compliance with challenging and changing regulations. It includes:

A free zone limited liability company

(FZ-LLC) is formed as a separate legal entity, with shareholders as individuals and/or corporates. The minimum capital requirement for incorporation depends on the business activity.

 

A branch of a foreign or a UAE company

A branch of a foreign or a UAE company is not a legal entity separate from its parent but is considered a place of business that forms a legally dependent part of the parent company and conducts all or some of the operations inherent in the parent’s business. No share capital is required to set up as a branch.

 

Freelancer

The freelance permit offers the ability to operate as a freelance professional. The permit identifies you as a sole practitioner and enables you to conduct your business in your birth name as opposed to a brand name.

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