TwoFour54 Approved Auditors 2024
Twofour54 Free Zone
TwoFour54 Free Zone is a business hub located in Abu Dhabi, United Arab Emirates. It was established by the Abu Dhabi Government with the vision to create an environment and infrastructure that would help nurture and grow companies in media, entertainment, technology, communications and other related industries. Established in 2008, this free zone offers investors a range of benefits such as 100% foreign ownership of businesses, tax exemptions on all profits earned within the free zone and more.
The twofour54 free zone also provides its investors access to world-class facilities including state-of-the-art production studios and HD post production suites. Additionally, it offers excellent opportunities for collaboration with local Emirati talent who have already made their mark in regional media markets.
Business Types Available
- FZ-LLC (Free Zone Limited Liability Company)
- Freelancer
- A foreign/UAE company’s branch
- Start-up
AHG is one of the leading business auditing firms in the TwoFour54 Free Zone. Since its establishment, it has been providing professional auditing and financial services to many companies. The team of certified professionals at AHG uses a variety of techniques to ensure that all financial aspects are accounted for and analyzed thoroughly
Audit Firms in Twofour54
If you want to take creativity to new heights and combine it with free zone business benefits, Twofour54 is your place. It’s a dedicated free zone in Abu Dhabi for creators, producers, filmmakers, and freelancers. You can take full advantage of the tax benefits of doing business in this dynamic media zone.
At AHG, we have an extensive range of accounting and auditing services. Our team of professional and experienced auditors in Abu Dhabi, UAE can provide invaluable advice for your business growth. We aim to charge our clients only for the value we add to their business. Our vision is to provide exceptional accounting and auditing services to our clients in Dubai and the UAE.
Financial Benefits of Business in the media zone twofour54
Joining the creative and dynamic media zone in one of the fastest-growing economies in the world provides several business benefits. You can combine the opportunity with several financial benefits:
- 100% of foreign company ownership in the free zone.
- 0% corporate and income taxes.
- Up to 30% cash back rebateon eligible production in the media zone.
- No limitation on revenue expatriation from the free zone.
- Licensing opportunities for creative individuals as freelancers.
The business benefits of partnering with registered auditors in twofour54 are beyond the cost savings only. It empowers the shareholders with an informed decision on financial risks. It helps the company management put in place effective controls. Thus, a professional auditing partner can ensure the efficiency of your business operations.
Audit firms in twofour54 Media Zone
Free zone authorities provide a curated list of approved audit firms in the UAE. Some free zone authorities have made it compulsory to provide audited financial statement reports for license renewals. These audit reports must be provided by registered audit firms in twofour54, likewise in other free zones.
Companies operating in Abu Dhabi with non-free zone licensing have no restrictions of auditing from approved auditors only. However, the compliance requirements with the tax and auditing laws as issued by the Federal Tax Authority in the UAE apply unanimously to all companies. Adhering to the international accounting and financial standards require the highest professional services from audit firms in UAE.
Compliance Requirements in twofour54
We take a comprehensive and phased approach to provide auditing services to our clients. The auditing process starts with a comprehensive audit plan. We ensure that your company is in full compliance with the regulatory requirements.
Audit firms in twofour54 media zone must provide a transparent and fair point of view on your business conduct. As per the FTA and other regulatory authorities, audit firms in twofour54 should evaluate the following documents for your business:
- Financial Statements including Balance Sheet, Income Statement, and Cash Flow Statements.
- Accounting records with invoices, expenses, and bank statements.
- Previous audit reports for companies in continuous operations.
- Registration details with authorities for VAT.
- Company memorandum of association, Registration License, and other relevant documents.
Individuals like freelancers can outsource the auditing for their license compliance requirements as well. Registered entities of all sizes can reap the rewards of following the highest financial reporting standards and compliance with audit requirements.
AHG is a member of Morison Global in Egypt, placing us as a top 10 audit firm in Egypt. We have over 30 years of operational experience in Egypt, Dubai and GCC market with a diversified portfolio of clients and industries.