Compliance Support for DIC-Licensed Technology Companies
WPAA supports DIC-licensed software, SaaS, IT services, cloud and tech consultancies with audit, accounting, VAT, Corporate Tax and transfer pricing services — calibrated to the realities of running a technology business inside the UAE's flagship tech free zone.
Dubai Internet City (DIC) is the largest technology business community in the MENA region — host to Microsoft, IBM, Oracle, HP, Cisco, LinkedIn, Meta and thousands of startups, SaaS companies and IT services firms. It sits within the TECOM cluster, alongside Dubai Media City and Dubai Knowledge Park.
DIC entities typically deal with recurring SaaS revenue, intercompany cost recharges, employee stock-based compensation, R&D spending and significant intangible assets — all of which create specific Corporate Tax, transfer pricing and audit considerations.
Dubai, UAE
Annual audited financial statements prepared in the format expected at licence renewal — IFRS-compliant and FTA-ready.
Cloud bookkeeping on Zoho Books or QuickBooks, monthly reporting and reconciliations tailored to your activity mix.
CT registration, QFZP / Small Business Relief analysis, annual return filing and TP review where required.
VAT registration, quarterly filing, reconciliation and FTA correspondence — including export and Designated Zone treatment.
DNFBP assessments, goAML registration and ongoing AML compliance documentation where activities are regulated.
Practical advisory across financial reporting, internal controls and audit support during your licence renewal cycle.
The recurring compliance and reporting issues we see with Dubai Internet City clients.
Subscription revenue should be recognised over the service period, not at invoicing. Deferred revenue accounts and ARR / MRR reporting need a disciplined setup.
Many DIC entities recharge costs from / to parent or sister companies — transfer pricing arm's-length analysis and inter-co agreements are essential.
Tech employees often receive options or RSUs. Accounting for these correctly (IFRS 2) affects financials, audit and Corporate Tax deductibility.
Software development costs may need to be capitalised under IFRS — affecting profit, audited financials and Corporate Tax base.
SaaS & Cloud Platforms
Software Development Houses
IT Consulting & Systems Integration
Cybersecurity Firms
Digital Marketing & AdTech
AI, Data & Analytics Startups
Round out your compliance and growth strategy with these complementary services.
Book a free consultation and we'll review your Dubai Internet City audit, VAT and Corporate Tax position in plain English.