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If your IFZA company runs a modest number of transactions, keeps its own records, or has been quiet for a period, a monthly accounting retainer is often more than you need. What you actually need is a one-off, fixed-fee engagement that clears the period — and, increasingly, produces the simplified financial statement IFZA now asks for at renewal.
This is the practical, no-commitment route: one scope, one price, your books finalised, your renewal document ready, and your Corporate Tax return filed.
Is this you?
When a one-time engagement makes sense
A single, project-based engagement suits IFZA companies that are:
- Renewing soon — and need the simplified financial statement IFZA requires for licence renewal
- Low-volume — a small number of transactions that don't justify monthly support
- Self-managed — you keep your own books and only need them reviewed and finalised
- Dormant or near-dormant — little or no trading, but still needing financials and a tax return
- Between providers — you've changed partners and just need this period closed
- Winding down — closing the company and needing a final set of accounts
The IFZA renewal angle
The simplified financial statement IFZA wants at renewal
IFZA requires a financial statement to be submitted as part of licence renewal. For most small companies, a simplified financial statement is sufficient — a standard summary of your financial position rather than a full audit. It's a renewal document, but it has to reflect real, reconciled numbers, which is exactly what a one-time accounting engagement delivers.
We prepare the simplified financial statement as a one-off — and the same figures feed straight into your Corporate Tax return, so you're not paying twice for the same work.
⚠️ When a simplified statement isn't enough
A simplified financial statement covers most small IFZA companies at renewal. But if you're claiming the 0% Corporate Tax rate as a Qualifying Free Zone Person, or your revenue exceeds AED 50 million, the Corporate Tax rules require audited financial statements regardless of IFZA's renewal position. In those cases we arrange a full IFZA financial statement & audit report instead.
What you get
What a one-time engagement covers
We scope it to what you actually need — typically:
- Records review Your existing bookkeeping checked for completeness and correct treatment.
- Adjustments Accruals, reclassifications, and corrections so the numbers are right.
- Simplified financial statement for IFZA renewal Prepared and ready to submit with your renewal.
- Corporate Tax return Filed with the FTA, built from the same finalised figures.
- Audit report — only if required A full IFZA-approved audit where QFZP status, revenue, or a specific submission calls for it.
- Closure support — if you're exiting Winding down includes an IFZA liquidation audit report.
The part everyone wants first
What it costs — transparent, fixed fees
One-off work is priced as a fixed fee scoped to your volume and the state of your records — no open-ended hourly billing. As a guide:
| One-time service | Indicative fee |
|---|---|
| Simplified financial statement for IFZA renewal | from AED 499 + VAT |
| Records review, adjustments & finalised accounts (small company) | on scope |
| Corporate Tax return filing — revenue below AED 3M | from AED 249 |
| Corporate Tax return filing — revenue above AED 3M | from AED 499 |
| IFZA-approved audit report (if required) | from AED 1,500 + VAT |
| Renewal coordination with IFZA (optional) | from AED 500 + VAT |
| Liquidation audit report (if closing) | on quotation |
| Typical "renewal-ready" bundle (simplified FS + CT filing) | from AED 748 + VAT |
Fees are indicative and confirmed after a quick look at your records and transaction volume. IFZA's own renewal charges are separate and set by IFZA. VAT applies to our service fees.
You see the full fee before we start. One scope, one price, one invoice — renewal document ready and tax return filed.
One-time vs monthly
Which model is right for you?
| Choose one-time if… | Choose monthly if… |
|---|---|
| Low or seasonal transaction volume | Regular, ongoing trading activity |
| You keep your own day-to-day books | You want bookkeeping handled for you |
| You just need the renewal document and tax return | You want continuous compliance tracking |
| Dormant, between partners, or catching up | You want a dedicated accountant year-round |
1
Engagement, fixed scope
Simplified
FS for most small companies
Fixed
Fee agreed upfront
0
Monthly commitment
Renewal-ready in one fixed-fee engagement
Send us your records and we'll scope it, quote it, and deliver it: simplified financial statement for IFZA renewal, finalised books, and your Corporate Tax return filed — audit only if you actually need one.
When your one-off needs more
FS & audit
IFZA Financial Statements & Audit Reports
Simplified financials for renewal, or a full audit report where QFZP status or your revenue requires one.
Learn more →
Closing down
IFZA Liquidation Audit Report
The liquidation audit report needed to wind up and deregister your IFZA company properly.
Learn more →
FAQ
Frequently asked questions
Can I get IFZA accounting done as a one-off instead of monthly?
Yes. For low-volume, dormant, self-managed, or renewal-driven situations, a single fixed-fee engagement covers the records review, the simplified financial statement for renewal, and your Corporate Tax filing — with no ongoing commitment.
Does IFZA require a financial statement for renewal?
Yes. IFZA requires a financial statement as part of licence renewal. For most small companies a simplified financial statement is sufficient; larger companies or those claiming the 0% Corporate Tax rate may need an audited one instead.
How much does it cost?
A simplified financial statement for renewal starts from about AED 499 + VAT, and Corporate Tax filing from AED 249 (under AED 3M revenue) — so a renewal-ready bundle starts from around AED 748 + VAT. An audit, if required, is from AED 1,500 + VAT. IFZA's own renewal charges are separate. Final fees depend on your records.
When do I need an audit instead of a simplified statement?
If you're claiming the 0% rate as a Qualifying Free Zone Person, or your revenue exceeds AED 50 million, Corporate Tax rules require audited financial statements regardless of IFZA's renewal position. A specific submission (bank, investor, tender) may also call for one.
Can you work from the records I already have?
Yes — that's the most common case. We review what you have, adjust as needed, then prepare the renewal financial statement and tax return from corrected figures.
I'm closing my IFZA company. Can a one-time engagement cover that?
Yes. Closure involves final accounts and an IFZA liquidation audit report. We handle the one-time work needed to wind the company down cleanly.
This article is for general information only and does not constitute tax, audit, or legal advice. Fees are indicative and depend on scope, records, and transaction volume; IFZA's own charges are set by IFZA. Requirements change; always confirm the current position for your company. For a tailored quote, contact Fastlane Consultancy.