-
Statutory Audit
We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
-
Limited Review
We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
-
Agreed Upon Procedures
We engage with organisationsto perform specific procedures and report findings to conform to their needs.
-
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.
-
Business Consulting
Grant Thornton UAE provides organisations with implementable plans that drive sustainable growth strategies to grow and optimise their business performance.
-
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.
-
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.
-
M&A and Transactions 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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
-
Incorporation and PRO
We provide guidance and help with setting up new entities in the UAE’s mainland and all the UAE free zones, as well as re-domiciliation of companies in the UAE. Our team drafts the needed legal documents and interacts with government authorities on various regulatory matters.
-
HR & Payroll Services
HR & Payroll Services
-
Outsourcing Advisory Services
Outsourcing Advisory Services
UAE businesses remain cautiously optimistic for the year ahead whilst optimism around the world is slightly down from Q3 2015
Grant Thornton report reveals: UAE businesses remain optimistic
New research from Grant Thornton reveals that going into 2016, UAE businesses remain cautiously optimistic for the year ahead despite the spotlight being heavily focused on the oil & gas sector which has seen a rapid decline in prices, impacting other sectors and economies in the GCC which are highly dependent.
According to the research globally, business optimism heading into 2016 stands at net 36% - only slightly down from Q3 2015 and just above the 35% recorded a year ago. For the first time since the financial crisis, it is the EU which provides the bedrock of stability. Net 38% of EU businesses are optimistic about their economy over the next 12 months, exactly the same as in Q3 and Q1.
Meanwhile the US has seen optimism fall from 74% to 50% in Q4, the biggest fall of any of the 36 countries surveyed. 2016 also looks much brighter for businesses in Asia Pacific and Latin America as both report big quarterly increases in optimism.
Hisham Farouk, CEO at Grant Thornton, said:
“The resilience in the UAE business community is remarkable when you consider the potential flashpoints. Despite the recent oil price woes, businesses are remaining cautious optimistic as a result of increased efforts by the government in the UAE to diversify the economy. Investment in R&D and innovation is on the increase, the government budget saw only a slight decline from last year and emerging markets such as India and China, continue to present opportunities for UAE businesses”.
“The UAE has one of the most stable economies in the world and has witnessed remarkable growth in recent years, which continues to position it high in terms of global competitiveness. The International Monetary Fund (IMF) has projected growth at 2.6 per cent this year as a result of slower public spending amongst the Gulf countries, reduced sentiment in neighbouring countries such as Saudi Arabia which is expected to spend 13 per cent less year on year when it comes to public spending, and various macroeconomic global issues.”
“The UAE economy has remained somewhat resilient in comparison to other markets, as a result of diversification, government initiatives and the ease of doing business. Whilst the country’s economy has remained fairly impervious, tightening of liquidity across the GCC, the impact of low energy prices and a deceleration in financial growth, credit and increased regulation will remain a challenge for businesses this year.”
The report was launched at an event attended by senior professionals from the Emirates, with presentations from Razan Nasser, Senior Economist at HSBC Middle East who opened the event by sharing the economic outlook for the Middle East.
Dr. Raed Safadi, Executive Director of the Research and Policy Sector at Dubai’s Department for Economic Development concluded the Economic Outlook event by presenting the outlook for Dubai which illustrated how the Emirate is making significant leaps in the region to capitalize on its world-class infrastructure and its logistics, trade and transportation assets and bilateral relationships with economies such as India and China, to further drive the diversification of its economy where, today, it derives 70% of its GDP from the non-oil sector.
The event concluded with Hisham stating:
“The global economy continues to change and evolve, with shifting landscapes in major economies creating new challenges but also new opportunities. Those businesses with an instinct for growth will be best placed to spot these emerging pockets of opportunity, build new trade links, and make the most of the brighter outlook being reported for 2016.”
To read the report, click here [PDF][3613 kb]. [ 3612 kb ]