Dubai - First Audit Request From DIEZ

[kislokan]

Have in mind that for a Cyprus company, the audit is now mandatory anyway. Personally, I don't think Europe is the solution, this where all our problems are coming from so without surprise it gets worse and worse over there. What might still be acceptable today, has a high chance of not be there tomorrow.

Yes it’s not ideal but also getting a surprise “inspection” with a 3 day deadline under the threat of a 30,000aed fine is not great either. They literally sent me the email on the 22nd of December and wanted it submitted by Christmas Day wtf

 

[USDT]

Yes it’s not ideal but also getting a surprise “inspection” with a 3 day deadline under the threat of a 30,000aed fine is not great either. They literally sent me the email on the 22nd of December and wanted it submitted by Christmas Day wtf

I don’t argue at all that a 3 day deadline is an unacceptable situation. But is there any information on actual cases where fines were imposed for failing to submit documents on time? I’ve only seen one comment in this thread about a fine threat when DIEZ somehow failed to notice that everything had been submitted on time. As I remember, they started threatening 4 or 5 months later. Maybe I’m mistaken, but to me, this looks more like an attempt to pressure the company into sending reports quickly, a scare tactic rather than actual sanctions.

 

[JackAlabama]

Yes it’s not ideal but also getting a surprise “inspection” with a 3 day deadline under the threat of a 30,000aed fine is not great either. They literally sent me the email on the 22nd of December and wanted it submitted by Christmas Day wtf

Did they change this to a 3 day deadline now? It was like one month in 2023 and two weeks last year.

 

[kislokan]

Did they change this to a 3 day deadline now? It was like one month in 2023 and two weeks last year.

Yeah it’s 3 days, same for another member here who got hit in late December.

 

[yoyodubai]

My favorite part with the inspection was that 10 minutes after submitting the documents, I received an email that I had passed their inspection...

 

[USDT]

My favorite part with the inspection was that 10 minutes after submitting the documents, I received an email that I had passed their inspection...

think they didn’t even review the documents?

 

[yoyodubai]

think they didn’t even review the documents?

Not possible within that time frame. It all feels like a checkbox exercise and an opportunity to level fees.

It could also be that they opened the doc and just skimmed through, made the assessment that given the length and presentation, all is well... But your take is as good as mine.