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Statutory Audit
We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
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Limited Review
We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
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Agreed Upon Procedures
We engage with organisationsto perform specific procedures and report findings to conform to their needs.
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Financial Reporting Advisory Services (FRAS)
Our team provides timely advice on the impact of accounting changes to assist businesses in the development of an appropriate implementation roadmap.
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Business Consulting
Grant Thornton UAE provides organisations with implementable plans that drive sustainable growth strategies to grow and optimise their business performance.
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Business Risk Services
Organisations need to understand risks thoroughly to be able to manage them better. Grant Thornton UAE helps businesses achieve the best balance between minimising risk exposure, optimising profitability and developing compliance review checklists.
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Regulatory Advisory Services
Grant Thornton UAE's extensive understanding of the overarching supervisory framework within the region equips our professionals to support financial institutions comply and abide by the set of regulatory mandates throughout the rapidly evolving ecosystem.
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Financial Advisory
Grant Thornton UAE works with organisations on transactions from start to finish, assisting with strategy, identifying risks, executing deals, and helping to unlock their potential for growth and value creation.
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Restructuring Advisory
Grant Thornton UAE is committed to realising value for shareholders, in a way that recognises and supports the interests of all stakeholders. Our solutions maximise value, provide clarity and direction, and accelerate recovery and transformation for businesses.
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Technology Advisory & Cybersecurity
IT and technology are fundamental to drive the performance of businesses. Through leveraging the power of technology, Grant Thornton UAE helps organisations define and identify growth opportunities to achieve value-driven transformation and innovation.
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Forensics
Fraud and corruption pose a growing challenge worldwide. As the commercial landscape changes, an increasingly regulated environment requires stringent governance and compliance processes. Grant Thornton UAE helps organisations navigate challenges and crisis with a hands-on approach coupled with the use of technology.
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ESG Services
The Environment, Social and Governance (ESG) agenda has gained significant traction over the years, to become one of the key strategic aspects of any business. It is imperative that all organisations, irrespective of industry sector, engage with their stakeholders and prioritise ESG practices to unlock sustainable growth opportunities.
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Business Process Solutions
Our team at Grant Thornton offers comprehensive and cost effective outsourced solutions, enabling stakeholders and business owners to focus on their core business goals.
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Corporate Tax
Our diversified team of corporate tax subject matter experts combines a perfect blend of international experience across several industry sectors, technical expertise, and commercial nuances with a commitment to deliver exceptional value to your business.
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VAT
The VAT team at Grant Thornton is well versed with the VAT Laws applicable across the region and holds valuable experience and professional accreditation in assisting clients across diverse industries to comply with the VAT obligations.
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Transfer Pricing
Grant Thornton UAE assists its clients in providing transfer pricing solutions that are implementable and operational, considering the facts and concerns of its clients.
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International Tax and Tax Due Diligence
Grant Thornton UAE supports multinational groups to optimise their tax structures. We can also assist businesses in analysing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
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Economic Substance Requirements
Economic Substance rules were introduced in the UAE in 2019, requiring UAE businesses that undertake certain ‘Relevant Activities’ to maintain and demonstrate adequate substance.
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Customs and International Trade
The team at Grant Thornton is positioned centrally to assist the businesses with global cross-border tax structuring, planning and compliance needs.
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Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
Making relocation work for your business
28 Jul 2015How can relocation add value?
Business relocation and associated restructuring can deliver significant commercial, operational and tax management benefits. And it isn’t just large multinationals who are on the move, many smaller and privately-owned companies are now realising the potential gains.
Why move – the value of relocating
As the focal points of global demand and talent shift South and East and the pressure to minimise costs and improve operational efficiency continue to mount, the rationale for relocation is becoming ever more compelling.
Even if you haven’t yet considered the options, you’re likely to face probing questions from analysts and investors about how the various relocation options compare to your current structures and whether you could be losing ground to competitors as a result of not making a possible move. So how can relocation add value?
1. Going where the growth is
It’s important to ensure that key operations and decision making are aligned with where you see the biggest opportunities for investment and growth. Many internationally mobile employees will want to gravitate towards the main focal points of growth. Shifting demographics and changing labour costs also mean that you may need to seek out new sources of talent.
2. Sharpening cost competitiveness
Relocating to an offshore location can generate significant operational and administrative efficiencies, which could be critical as margins come under pressure in slow growth markets.
3. Easing compliance headaches
Many countries are imposing more complex compliance regimes. This is creating a huge burden for groups and is arguably accelerating the migration of businesses away from some of these markets.
4. Seeking more efficient tax arrangements
Many governments are adjusting their tax regimes to help encourage companies to relocate and create jobs within their markets. Particular areas of focus include IP management and other high-value functions.
Developing the right solution
- Model your supply chain and identify key value drivers. This will help you identify areas where relocation/restructuring could add value.
- Determine which functions and assets could, should or should not be relocated, and assess possible locations.
- Undertake feasibility and cost-benefit analyses. This shouldn’t just look at the costs, but also any potential reputational issues.
The choices that emerge from these evaluations may prove very different from what you originally envisaged. While these assessments are likely to identify a number of challenges, most can be managed with
the right structuring and planning. What you cannot afford to do is simply consign relocation to the ‘too difficult pile’ as you could lose out to competitors as a result.
See also…
A global guide to business relocation
This guide includes detailed country profiles across 26 countries and an overview of an additional 32 countries. With the current considerable complexity, mitigating risk is crucial. Grant Thornton has significant experience in advising clients on how their businesses can benefit from relocation. Contact us to discuss how Grant Thornton can help your organisation reach its growth potential.
