In the course of business activity in the UAE companies that, in principle, are required to submit statements, are allowed to submit zero financial statements.
This applies in the case if within this reporting period the company did not carry out any business.
In this case, such situation can exist for many years without any problems on the part of regulators and registering authorities.
As for reports - reports shall, in principle, be submitted by onshore companies registered with FTZ, as well as offshore companies registered in Jebel Ali FTZ.
Offshore companies, registered in the FTZ Ras Al Khaimah, do not submit financial annual reports at all.
