Ajman Free Zone (AFZ) Approved Auditors
We are Approved Auditors by Ajman Free Zone (AFZ).
Audit Services for Ajman Free Zone Companies
Farahat & Co. provides audit services for companies registered in Ajman Free Zone (AFZ). Established in 1988, AFZ is one of the UAE’s oldest free zones, located at the entrance to the Arabian Gulf with access to four ports and two international airports.
Every company registered under the Ajman Free Zone Authority is required to maintain proper accounting records and have its annual financial statements audited by an approved auditor, generally within four months of the financial year-end.
Services We Offer as Ajman Free Zone (AFZ) Approved Auditors
As approved auditors of AFZ, we provide specialised financial and compliance services for technology and innovation-driven businesses in the AFZ. Our experts ensure your company meets all AFZ Authority requirements.
AFZ Audit Requirements and Regulations
Legal basis
Under the implementing regulations applicable to companies registered with the Ajman Free Zone Authority, every company must maintain books of accounts and prepare annual financial statements, audited within four months of the end of the company’s financial year. Unlike free zones such as DMCC or JAFZA, AFZ does not maintain a closed list of specifically approved auditors; any UAE-licensed audit firm can generally conduct the audit, though the firm should be familiar with AFZ’s submission requirements and format.
Who must comply
The audit requirement applies to companies registered under AFZ’s various licence categories, including trading, service, industrial, e-commerce and offshore company structures. Audited financial statements are typically required as part of the trade licence renewal process, so companies should treat the two as connected rather than separate obligations.
Federal Corporate Tax audit requirements
Separately from AFZ’s own rules, federal Ministerial Decision No. 84 of 2025 requires audited financial statements from any taxable person with revenue exceeding AED 50 million in a tax period, and from any Qualifying Free Zone Person seeking the 0% corporate tax rate on qualifying income, regardless of revenue, for tax periods beginning on or after 1 January 2025. This federal requirement applies to AFZ companies exactly as it does across every other UAE free zone, and takes priority over any free zone-specific exemption a company may believe applies to it.
Audit Process, Deadline and Documents Required
Filing deadline and submission process
Audited financial statements are generally due within four months of the end of the company’s financial year, submitted alongside the trade licence renewal application. Companies should confirm their specific renewal date with AFZ and begin the audit process well ahead of it, since audit firms tend to be busiest during peak renewal periods.
Step-by-step audit process
- Confirm the company’s financial year and upcoming licence renewal date.
- Maintain accounting records — invoices, contracts and bank statements throughout the year.
- Appoint a UAE-licensed auditor familiar with AFZ’s requirements.
- Complete the audit, covering financial statement testing and a review of AML/CFT and Corporate Tax compliance where relevant.
- Submit the audited financial statements alongside the trade licence renewal application.
Documents required
Accounting statements including the balance sheet, income statement, cash flow statement and statement of changes in equity, general ledger, bank statements, accounts payable and credit card ledgers, loan agreements, key contracts and agreements with suppliers, customers or partners, internal control documentation, insurance policies, trade licence, and Memorandum and Articles of Association.
Why Choose Farahat & Co. as Your Ajman Free Zone Auditor
Farahat & Co. supports Ajman Free Zone companies across trading, service, industrial and e-commerce licence categories with audit and accounting services. Because AFZ does not restrict audits to a closed approved list, some companies assume any audit will satisfy their requirements; we make sure the audit also holds up under UAE Corporate Tax review, particularly for companies claiming Qualifying Free Zone Person status, where a properly structured audit is now mandatory regardless of revenue.
Beyond AFZ, Farahat & Co. holds approvals across more than 20 UAE free zones, including DMCC, JAFZA and DIFC, giving businesses with entities across multiple emirates a single audit partner. We also help AFZ companies avoid last-minute audits by aligning the audit timeline with the trade licence renewal date well in advance.
About Ajman Free Zone: Free Zone Profile
Ajman Free Zone was established in 1988, making it one of the UAE’s oldest free zones. Located at the entrance to the Arabian Gulf in the Emirate of Ajman, AFZ gives registered companies access to four ports and two international airports, supporting trading businesses with import and export needs across the Middle East, Africa and South Asia. Ajman Port alone handles more than a thousand vessels each year.
AFZ offers a broad range of licence categories, including single and general trading, service, industrial, e-commerce and offshore company structures. The zone has also expanded specifically into e-commerce, partnering with online marketplace noon to support licensing for e-commerce businesses launching from the free zone.