DMCC Approved Auditors and Liquidators

Dawn Consultancy, part of Aabi Chartered Accountants, is listed by the Dubai Multi Commodities Centre (DMCC) as an approved auditor and liquidator. We audit the annual financial statements of DMCC member companies, file them through the DMCC portal, and act as appointed liquidator when a DMCC company is wound up. Our team has served more than 200 DMCC companies across trading, commodities, services and holding structures.

Why a DMCC-approved auditor is required

DMCC company regulations require every member company to have its financial statements audited each year by a firm on the DMCC Approved Auditors List. Auditors not on the list are not accepted by DMCC. The audited financial statements must be submitted through the DMCC member portal within 180 days of the financial year end; late or missing filings block licence renewal and can attract penalties.

DMCC audit services

• Statutory annual audit under International Standards on Auditing (ISA), with financial statements prepared under IFRS or IFRS for SMEs
• Upload of the audit report and financial statements to the DMCC portal and follow-up until acceptance
• First-year audits for newly licensed companies, including opening balance and share capital verification
• Audits for Corporate Tax purposes: audited financial statements are mandatory for any company claiming Qualifying Free Zone Person (0%) status, whatever its revenue
• Group and consolidation audits where the DMCC entity is a holding or subsidiary
• Bookkeeping, VAT return and Corporate Tax return preparation for companies without an in-house finance function

DMCC company liquidation

Winding up a DMCC company requires an approved liquidator. We manage the full process:

1. Shareholders’ resolution to liquidate and appoint Dawn Consultancy as liquidator
2. Submission of the liquidation application on the DMCC portal and payment of DMCC fees
3. Publication of the liquidation notice and the statutory notice period for creditor claims
4. Cancellation of employee and shareholder visas, establishment card and immigration file
5. Clearances from DMCC, Dubai Customs (where applicable), utilities, telecoms and the landlord
6. Bank account closure and settlement of liabilities
7. Final audit and liquidator’s report submitted to DMCC
8. Issue of the DMCC termination letter and licence cancellation

A clean liquidation with no outstanding liabilities or visas typically takes two to three months from the resolution date. Companies with open VAT or Corporate Tax registrations must also deregister with the Federal Tax Authority, which we handle in parallel.

Documents we need to start

• Trade licence and certificate of incorporation
• Memorandum and articles of association, share register
• Bank statements, general ledger and trial balance for the period
• Prior year audited financial statements (if any)
• VAT and Corporate Tax registration certificates
• For liquidation: shareholders’ resolution, passport copies of shareholders and manager, list of employees and open visas

Frequently asked questions

Other free zones we serve

Get a quotation

Send your trial balance or trade licence to info@dawnconsultancy.com, call +971 55 441 1036, or request a call back. Approved DMCC auditor and liquidator, Dubai.