CFO SERVICE FOR DIFC ENTITY REGULATED BY DFSA

Dubai International Financial Centre (DIFC)was conceived and developed in line with the vision of the Ruler of Dubai HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, to build a world-class financial centre that would establish Dubai as a crucial node in global finance.

We are approved Finance Officers by Dubai International Financial Centre (DIFC),regulated by Dubai Financial Services Authority (DFSA), the and offer the following services for regulated entities:

• Prepare the Firm’s budget and financial projections on an annual basis.
• Ensuring the establishment and maintenance of financial systems and controls, policies and procedures that ensure the Firm’s financial affairs are managed effectively and responsibly. 
• Ensure that the Firm has and maintains, at all times, Capital Resources of the kinds and amounts specified in, and calculated in accordance with, the DFSA’s PIB Rules. 
• Ensure that the Firm maintains capital and liquid assets (in addition to the Capital Resources as set out above) which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due. 
• Ensure that the Firm has, at all times, Capital Resources which exceed the amount of its Capital Requirement. 
• Ensure regular monitoring of the Firm’s financial position and notify the Firm’s senior management and the DFSA immediately upon identifying any breach, potential breach or concern in relation to the Firm’s financial position or its compliance with the DFSA PIB Rules. 
• Prepare and submit quarterly and annual EPRS reports to the DFSA as per the DFSA’s deadlines.
• Liaise with external auditors as appropriate to ensure the timely completion of audits. 
• Ensure compliance with the DFSA’s Principles for Authorised Individuals.