UAE

RAKEZ - Amendment Financial Year - Non-Free Zone

Introduction

A financial year amendment for a RAKEZ Non-Free Zone company is a formal business update used when a company wants to change its accounting period or reporting...
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View Overview

Post-Setup Compliance

Documents required

1 .

Existing trade license

2 .

Company incorporation documents

3 .

Shareholder or board resolution

4 .

Proposed new financial year details

5 .

Passport copies of authorised signatories, if required

6 .

Additional authority forms if requested

Highlights & Benefits

Better reporting alignment

Match the company’s accounting cycle with business or group reporting needs.

Supports compliance planning

Helps organise future reporting deadlines and financial obligations efficiently.

Improved financial management

Creates clearer budgeting, forecasting, and year-end planning cycles.

Official record update

Ensures the revised financial year is formally recorded with the authority.

Useful for growing companies

Suitable for subsidiaries, holding entities, and expanding businesses.

Process Flow

Eligibility Review (Immediate)

Review the current reporting cycle and confirm amendment eligibility under RAKEZ Non-Free Zone requirements.

Document Preparation (1 Day)

Prepare amendment request forms, resolutions, and supporting documents for the revised financial year.

Application Submission (1 Day)

Submit the completed amendment request to the relevant authority for review and processing.

Authority Review (2–3 Working Days)

The authority reviews the request, supporting documents, and company compliance status before approval.

Approval Confirmation (Same Day)

Receive confirmation once the new financial year is approved.

Record Update (Immediate)

Update internal company records and reporting schedules based on the revised financial year.

FAQs

Why would a company change its financial year?

Businesses often amend their financial year to align with group reporting, audits, budgeting cycles, or compliance planning needs.

How long does the amendment process usually take?

Most cases are completed within a few working days, depending on documentation quality and authority review timelines.

Is approval required for this amendment?

Yes, the revised financial year should be approved and officially recorded by the relevant authority.

Does this amendment affect ownership or management?

No, it only changes the accounting period and does not affect shareholders, directors, or management structure.

Terms & Conditions

Government fees may vary based on authority updates.
Timelines depend on approvals and document readiness.
Additional compliance documents may be requested.

Pricing Details

RAKEZ - Amendment Financial Year - Non-Free Zone

Normal service

AED 3,000

Total

AED 3,000

Arnifi Price

AED 3,000

Note: The payment is prepaid.

100% Money Back Guarantee

Full refund guarantee and no questions asked.

Real Time Dashboard
Never miss a deadline

Compliance calendar integrated in your dashboard

24×7 Operational Support

Round-the-clock support for all clients available every day, any time.

Pricing Details

AED 3,000

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UAE

RAKEZ - Amendment Financial Year - Non-Free Zone

Introduction

A financial year amendment for a RAKEZ Non-Free Zone company is a formal business update used when a company wants to change its accounting period or reporting...
Read more

View Overview

Post-Setup Compliance