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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
Founded in 2002 with operations commencing in 2004, the Dubai International Financial Centre (commonly known as DIFC) marks its 10th anniversary this year announcing further strategic growth by 2020. The DIFC stands at the heart of Dubai spread across 110 acres (approx.) on land once filled with sand. Now occupied by some of the largest financial services, banking, legal and accountancy firms in the world, it stands firmly amongst the financial hubs in New York, London and Hong Kong. Its primary aim is to serve the vast region of the Middle East, North Africa and South East Asia, which eludes many to believe that Dubai is soon to become the MENA business hub of the world.
The DIFC was established to create a regional capital market, offering investors and issuers of capital world class regulations and standards, with the hallmarks of the DIFC being integrity, transparency and efficiency.
The emergence of the DIFC also saw the introduction of a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) which was rebranded to NASDAQ Dubai a few years later.
As the DIFC marks its 10th anniversary, how will the landscape of this financial centre look in ten years’ time? How further progressive will the DIFC be by 2024? When considering the above and analyzing the progressive growth the DIFC has experienced since inception, it is clearly evident to see the strategic development and input of the leaders continues to develop this key component of the Dubai economy. I recall the DIFC launching and the impact it made on doing business in Dubai, with large international financial institutions establishing a presence in the market and occupying the DIFC which further reemphasized the gem that this would become locally and internationally.
HE Essa Kazim, Governor of Dubai International Financial Centre said “We intend to double in size by 2018, and one of our targets is to continue to further develop DIFC's infrastructure - both in physical terms, with the revision of the DIFC Master Plan, which was announced last October. We are also aiming to attract new companies to DIFC who look to access the MEASA region from a central base in Dubai.”
The message from UAE business leaders is overwhelmingly positive. Growth in 2013 was expected to be the fastest since the financial crisis at 4.3% and this is forecast to accelerate in 2014 with retail demand, tourism numbers, infrastructure investment and the property sector all on the up, which has been significantly supported by the Expo 2020 win.
Investment in the UAE reflects the continued growth of the region. Economic restructuring has been underpinned by efforts to strengthen the business climate, boost investment and foster the emergence of a more vibrant private sector. The UAE aims to be a regional financial hub and the present market conditions, external market feedback and optimism indicate a positive change in trends.
With an estimated AED 15 billion due to be invested on the growth of DIFC, with the construction project planned for the end of this year, it further leads me to believe, that by 2024 the DIFC will be bigger and better than before. This will further pave the way for international business opportunities, boosting the economy and providing opportunities for businesses operating in the surrounding areas – collectively, stamping Dubai even firmer on the international map.
