DMCC (Dubai Multi Commodities Centre) requires its licensees to submit audited financial statements annually as part of licence renewal, and the audit must be carried out by a firm on DMCC’s own approved-auditor list. VAT Accounting UAE holds that approved status, so DMCC companies can appoint us directly, confident the audit will be recognised without a compliance flag at renewal.
For businesses comparing different audit requirements, our Free Zone Audit service explains how audit requirements can differ between UAE free zones and how the submission process is managed.
What's Included
We conduct your statutory audit against DMCC’s requirements, prepare the audited financial statements in the format DMCC expects, and handle direct submission through the DMCC member portal, tracking the filing through to confirmation.
For DMCC companies renewing for the first time, we also walk you through exactly what DMCC’s portal will ask for alongside the audit itself, so nothing about the renewal process comes as a surprise.
We also keep track of any changes DMCC makes to its audit submission process or portal requirements, so returning clients are never caught out by a procedural change between one renewal and the next.
The underlying engagement is an External Audit, with the audit and reporting process adapted to the requirements applicable to your DMCC-licensed entity.
Why an Approved DMCC Auditor Matters
DMCC will not accept audited financial statements from a firm outside its approved-auditor list, so appointing an unapproved auditor — however competent the underlying work — risks a rejected submission and a repeat audit under time pressure. Our DMCC-approved status removes that risk entirely.
DMCC’s renewal window is time-bound, and a delayed audit submission can hold up licence renewal along with anything that depends on it, including visa processing and banking.
If your business also requires a review of internal controls, procurement, sales processes or operational risks, our Internal Audit service can be commissioned separately from the statutory DMCC audit.
Who Needs This Service
Any DMCC-licensed company approaching its annual licence renewal, and companies newly licensed in DMCC preparing for their first statutory audit.
What We'll Need From You
Your DMCC trade licence, DMCC portal login details or authorisation to act on your behalf, prior year audit report if applicable, and your accounting records for the financial year.
Our Process
We conduct the audit against your records, prepare the DMCC-format audited financial statements, and submit directly through the DMCC portal, resolving any portal queries until the filing is confirmed.
Getting Started
Share your DMCC trade licence and renewal date, and we will confirm your exact submission deadline and begin the audit straight away.
If you already have a renewal date in mind, mentioning it upfront helps us prioritise your engagement correctly against our other DMCC clients’ deadlines that same period.
Where you are still determining which audit service is appropriate, our Audit Services UAE page provides an overview of the wider audit and assurance services we offer.
DMCC Company Types We Audit
DMCC licenses a wide range of company types, from single-shareholder trading entities to larger commodity trading and services businesses, and we scope the audit approach to match — a straightforward small entity does not need the same testing depth as a high-volume commodities trader, and pricing reflects that difference.
Whatever category your DMCC licence falls under, we confirm the applicable audit scope with you before quoting, so the fee reflects your actual business rather than a generic assumption.
Where turnover verification is separately required under a lease, franchise or other commercial agreement, our Sales Audit service can be handled alongside the DMCC audit.
Working Alongside Your DMCC Company Secretary or PRO
Where your DMCC renewal is being coordinated by a company secretary, PRO or corporate services provider, we work directly alongside them to align the audit timeline with the rest of your renewal documentation, so nothing is held up waiting on a piece that sits with a different party.
DMCC Audit Timeline and Deadlines
DMCC sets a submission window tied to your licence renewal date, and we plan the audit backward from that date to ensure comfortable delivery time. Starting the engagement as soon as your financial year closes gives the most room to resolve any query without deadline pressure.
DMCC Audits for Commodity Trading Businesses
Given DMCC’s origins as a commodities-focused free zone, many of our DMCC clients trade physical or paper commodities with specific inventory valuation, hedging or mark-to-market considerations. We bring the relevant audit testing experience for these transaction types rather than a generic trading-company approach.
DMCC Audits for Free Zone Holding Structures
Some DMCC entities operate as holding companies within a wider group structure. We scope the audit to reflect actual transaction activity, while ensuring related-party balances with other group entities are properly tested and disclosed as DMCC’s format requires.
Switching to Us for Your DMCC Audit
If your current auditor is not on DMCC’s approved list, or you simply want a firm with more direct DMCC experience, switching is straightforward — we request the standard handover information from your outgoing auditor and can typically begin as soon as your records are available.
If your business is also considering a broader review of controls following a change in auditor, our Internal Audit service can provide a separate assessment of your internal processes and risk areas.
DMCC Audit Fees
DMCC audit fees are quoted as a fixed amount based on your entity’s size, transaction volume and record quality, agreed with you before work begins so there are no surprises once the engagement is underway.
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Frequently Asked Questions
Yes — VAT Accounting UAE holds approved-auditor status with DMCC and can confirm this directly to you before appointment.
Yes — we handle direct submission through the DMCC member portal and track it through to confirmation.
A late audit submission can delay your DMCC licence renewal, so we recommend starting the audit well ahead of your renewal window.
Yes — from single-shareholder DMCC companies to larger trading groups with multiple related entities.
A straightforward DMCC company audit is typically completed within one to two weeks of receiving complete records.