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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
The United Arab Emirates continues to be resilient in a temperamental global climate. Opportunities to do business within the region have seen an upward increase with other sectors now emerging as impervious as the once prominent oil & gas industry. With increased governmental initiatives, drive and change, the UAE has continued to grow and attract inbound investment from around the world, further stamping it on the global map.
Dubai’s economy from 1975 through 2008 grew by a factor of 11, making it the fastest-growing economy in the world over the period, says a study by the Dubai Economic Council. When comparing this, it is consistently higher than other markets and equivalent to key international markets such as Hong Kong and the United States further highlighting Dubai’s prevalence globally.
It is predicated that Dubai’s economic growth could hit as high as 5.6 per cent this year (2014) further boosting the economy as a result of the regional developments and continued international investment due to the landscape of opportunity present here.
The dirham which is pegged to the US dollar is freely convertible which further support’s businesses looking to expand into this market. There are no restrictions on profit transfer or capital repartition, import duties are comparably low, there is no corporate or personal tax and numerous taxation agreements are in place, making the UAE a fluid economy.
The government has continued to increase investment in the emirate, besides steps to attract foreign direct investments. With privatization as the key word in the economic development, the government and the Abu Dhabi Chamber of Commerce and Industry have been making strenuous efforts to attract private capital. This in return, has increased the tempo of the industrial activity and production in the emirate along with increasing the tempo in the services sector.
Investment in the UAE reflects the continued growth of the region post the economic downturn experienced around the world. Economic restructuring has been underpinned by efforts to strengthen the business climate and foster the emergence of a more vibrant private sector.
So what will the landscape look like in 2020? And will Dubai be known internationally as the land of opportunity?
With the Expo 2020 win estimated to add $24 billion to the UAE economy and create innumerable opportunities which would be present due to the increased demand in various sectors namely leisure and tourism (with an estimated 25 million visitors expected to arrive), construction and logistics, I believe there’s no question that the landscape of Dubai will dramatically change by 2020.
There has been an influx of construction projects which continue to promote innovation and change within the region. It was announced that Dubai is already seen as key and the driving force for construction within the region. The GCC Construction Projects Market 2015 also announced that 15% of all construction projects were awarded to Dubai, which continues to add to the economy.
This in turn, has placed increased emphasis on developing future entrepreneurs and the leaders of tomorrow, to further promote business activity and foster the future of the region. Dubai is already making great strides to further stamp its mark on the world map however, the next couple of years need to be approached with caution to ensure the market doesn’t become saturated and that the legacy that Dubai has been built on continues for years to come.
