Approved auditors
SharjahAirportInternationalFreeZone(SAIFZONE)
Since 20179 Since 2017
- On the zone's approved auditor list
- FTA approved tax agency
- Signed in time for renewal
Talk to a specialist
Tell us your licence expiry and we will tell you what the zone needs and by when.
- Reply in 24h
- FTA approved
- Direct to a specialist
Vigor is a registered auditor for Sharjah Airport International Free Zone (SAIF ZONE)
Licensed by SAIF Zone Authority. Trading, light manufacturing and logistics, next to Sharjah International Airport.
Overview
Auditors registered in Sharjah Airport International Free Zone (SAIF ZONE)
SAIF Zone has grown to become one of the best in this region over the past many years as it offers a multitude of business incentives and services. This helps SAIF Zone to catch the eye of foreign investors seeking accessible investment opp
Sharjah Airport International Free Zone registered auditor , Vigor Accounting & Taxation All firms registered in SAIF Zone are required to file their audit reports at the culmination of each fiscal year. We outshine our competitors because we take this approach to auditors, facilities and community services which translates into a model suited for our clients by the nature of SAIF Zone itself
Our auditors at Vigor Accounting and Taxation evaluate both financial reports as well books of accounts in a detailed manner so that it meets up with the rules laid down within our country, but also by several other countries. Results of this audit are formatted by way of "Auditors Report" that gives such an independent true and fair view of financials, exposes risk elements as well controls if any exists at time point for the reviewed year.
The Way The Approved Auditors in Sharjah Airport International Free Zone Works With You Throughout Your Audit Process
5,000+
Audits completed
20
Zones approved in
9
years, since 2017
What the zone requires
Three rules that decide your renewal
Audited statements at renewal
Most free zone licences require audited financial statements before the authority will renew. The window and the format are set by the zone, so the date to work back from is your licence expiry.
Signed by an approved auditor
The zone will only accept a report from a firm on its own approved list. A report from a firm that is not listed is rejected at submission, whatever its quality.
Records kept for five years
Every UAE company must keep its accounting records for at least five years, which is separate from the audit itself and applies whether or not the licence requires one.
When to start
Count back from your licence expiry
The deadline is set by your renewal date, not by the calendar year, which is why two companies in the same zone can have completely different audit seasons.
90 days out
Engage the auditor
Scope and fixed fee agreed while there is still room to move.
60 days out
Records handed over
Books, statements and supporting documents. Backlog rebuilt first if there is any.
30 days out
Fieldwork and queries
Balances verified. Anything that does not reconcile is raised while it can still be corrected.
Renewal
Signed report submitted
Audited statements in the zone's format, in time for the licence.
Vigor’s working guidance for a straightforward set of accounts, counted back from your licence expiry. Sharjah Airport International Free Zone (SAIF ZONE) sets the submission deadline and the accepted format, so the date to plan from is your own renewal date rather than a fixed month in the year.
How it runs
Four steps from engagement to a signed report
- 01
Engagement and scope
We confirm the zone, the licence type and the financial year, then issue a scope and a fixed fee in writing. Nothing starts before you have both.
- 02
Records and reconciliation
You send the books, bank statements and supporting documents. Where the books are behind, that backlog is quoted separately and rebuilt first.
- 03
Fieldwork and testing
Balances verified, controls tested, and anything that does not reconcile raised with you while there is still time to correct it rather than after signing.
- 04
Signed report for renewal
Audited financial statements in the format the zone accepts, signed by an auditor on its approved list, in time for the licence renewal window.
Engagement and scope
Talk to an approved auditor
Tell us your licence expiry in Sharjah Airport International Free Zone (SAIF ZONE) and we will tell you what is needed and by when.
Before we start
What we need from you
Tick what you already have. Most companies are further along than they think, and fieldwork can usually begin before the last of it arrives.
Tick what you already have
Most companies have more of this than they expect. Nothing here is sent anywhere.
What it depends on
Why audit is quoted rather than published
What moves an audit fee
Audit is quoted with a proposal rather than published, because these four things decide the work. Answer them and you will see the shape of the engagement, which is the part a fee follows from.
Transactions a month
The single biggest driver. It is the volume of testing, not the size of the turnover.
Bank accounts
Every account is its own reconciliation, and multi-currency accounts are two.
Entities on the licence
A group consolidates. Each company still needs its own audited statements.
State of the books
Books that are behind are rebuilt before the audit starts, and quoted separately.
Answer all four to see the shape
0 of 4Nothing here is a price. It is what a proposal is built from.
Government Agencies
We work closely with all Government Agencies
Company formation, licensing, visas, customs codes and tax registration all pass through these authorities. Start a company setup.
Answers
Questions about this zone
The six asked most often before an audit engagement starts.
01Is an external audit mandatory for SAIF Zone companies?
Yes. Most SAIF Zone licence holders must submit audited financial statements as part of their annual renewal requirements, and the audit must be carried out by an approved auditor. Whether a specific exemption applies depends on the licence type and activity, so it is worth checking the exact requirement against your trade licence conditions.
02How much does a SAIF Zone audit cost?
Audit fees depend on the size of the company, the volume of transactions and the state of the underlying records, so they are quoted after a proposal rather than published as a fixed price. Bookkeeping support, where needed, starts at AED 599 per month for up to 50 transactions.
03What is the deadline to submit audited financials to SAIF Zone?
Audited financial statements are generally required within 90 days of the close of a company's financial year for entities operating in SAIF Zone. Missing this window can hold up licence renewal, so it is sensible to start the audit process well before the year end closes.
04What happens if I miss the SAIF Zone audit deadline?
Failing to submit audited financials within the required period can lead to legal measures against the company, including delays or refusal of licence renewal. The exact consequence depends on how long the delay runs and the free zone authority's discretion at the time.
05Which companies in SAIF Zone need an approved auditor?
Companies operating under a SAIF Zone trade licence are generally expected to have their year end financial statements audited by an auditor approved by the free zone authority. Whether your specific entity type falls within this requirement depends on its licence category and activity, so it is worth confirming against your renewal conditions.
06What documents does the auditor need for a SAIF Zone audit?
An auditor will typically need bank statements, sales and purchase invoices, payroll records, fixed asset registers, VAT returns and the prior year financial statements, among other supporting records. Vigor Accounting and Taxation reviews the company's bookkeeping first to identify any gaps before fieldwork begins.
Not here? Ask Vigor, and a specialist picks it up from there.
