10

DIFC/ADGM

Last Update 3 jaar geleden

Do ADGM companies need to prepare and maintain accounts? What should be the accounting year for ADGM companies? Who is responsible for preparing the accounts? Are there any accounts filing requirements? What is the definition of a small company?

Are SPVs required to maintain books of accounts and get them audited?

KPI Marketing

Last Update 3 jaar geleden

All companies including SPVs are required to maintain books of accounts. However, if the SPV meets the criteria of “small company”, it may opt for exemption from getting its accounts audited. 

Further, where the SPV has control over its subsidiaries it must consider whether or not it has a duty to prepare and file group accounts in accordance with Companies Regulations 2020. 

Was this article helpful?

0 out of 0 liked this article

Still need help? Message Us