A turnover certificate is a factual statement that certifies the turnover of the entity based on the requirements. The turnover certificate in UAE assures the users the turnover generated by the business entity during a specific period. A turnover certificate is issued by the Certified Auditor. This certificate certifies the total turnover of the applicant’s organization. The turnover can be for 1 or more years depending on the requirements. This turnover is in the name of the organization’s applicant and not that of a group or sister organization.

 

The contents of the turnover certificate in UAE will depend on the requirements and the purpose for which the turnover certificate is being produced. A basic turnover certificate includes the following information:

• Name and details of the business entity
• Registration details
• Period for which the turnover is stated
• Purpose of the turnover certificate
• Supporting documents for turnover
• Any other information as required.

 

 

 

The process to obtain a turnover certificate in UAE is very simple:

• Submit the documents as per the Checklist
• Documents are verified by the Certified Auditor
• A Draft copy of the turnover certificate is shared
• Once the draft is approved a final certified copy is issued by the Certified Auditor

 

 

A turnover certificate is required by anybody willing to get an assurance on the turnover of the entity in speculation. Here are some cases where the turnover certificate might be required.

• For participating in tenders issued by the various companies, local authorities, and also institutes.
• It is also required in the banks and the financial institution for loan purposes.
• Also required by investors to fund an existing or new project/business.

 

The turnover certificate in UAE is a certificate that provides an assurance certificate to the user about the turnover of a business entity. It is issued by a practicing Certified Auditor who is specializing in issuing the turnover certificate.