-
Financial Reporting Advisory Services
Grant Thornton’s Financial Reporting Advisory Services (FRAS) team supports organisations through a diverse range of accounting and reporting services including transaction accounting, analysis and adoption of new International Financial Reporting Standards, training on new and complex standards, and other related services that enable organizations to achieve greater transparency and navigate through the ever-changing regulatory landscape.
-
CFO Advisory Services
Chief Financial Officers (CFOs) and finance teams periodically face difficulties in financial reporting and accounting. To address these issues and challenges GT’s team looks to reduce the periodic uncertainty faced by our clients around difficult reporting and accounting standards and can help overcome these difficulties with our CFO advisory services.
-
International Financial Reporting Standards
Capability in International Financial Reporting Standards (IFRS) is one of our core skills. We have access to a full-time team responsible for high quality, consistent application of IFRS throughout the global organisation.
-
International Public Sector Accounting Standards
We are equally experienced in the adoption and implementation of International Public Sector Accounting Standards (IPSAS).
-
In-Country Value
Grant Thornton is honored to be one of the Certifying Bodies to implement the National In-Country Value (ICV) Program for the Ministry of Industry and Advanced Technology (MoIAT)
-
Staff Secondment Services
Finding qualified, skilled professionals for a specific purpose and time period can be a significant challenge for many organisations. We alleviate that challenge with a talent pool of highly motivated and technically trained individuals who have excellent soft skills and the agility to adapt quickly to varied client environments.
-
Transformation Advisory
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
-
M&A and Transactions Advisory
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
-
Forensics
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
-
Restructuring
We have an established standard of excellence for Restructuring within the United Arab Emirates with a focus on client success throughout a complex period of the business life cycle.
-
Incorporation and Compliance
Grant Thornton assists businesses in setting up and complying with these regulations and acts as adviser for companies to ensure their activities, policies and procedures follow the guidelines specified by respective regulations.
-
ICFR
Grant Thornton is a market leader in providing Internal Controls over Financial Reporting (ICFR) services to many well-known entities in UAE.
-
Islamic Finance
Grant Thornton's Islamic Financial Services team comprises a global network of professionals with in-depth knowledge of Islamic finance and providing practical, value added assistance to their clients across a range of specialisms and issues.
-
Regulatory Compliance
Grant Thornton holds a proven track-record in Regulatory Compliance advisory, our range of services will facilitate robust guidance to help you manage your regulatory risks and affairs, our teams of specialists assist our clients in the following areas:
-
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
-
Business Process Outsourcing Services
Our team at Grant Thornton offers comprehensive and cost effective outsourced solutions, enabling stakeholders and business owners to focus on their core business goals.
The United Arab Emirates (UAE) has seen the increased emergence of growth orientated businesses; therefore complacency is no longer an option, especially in an ever changing and competitive market. In order to remain competitive, it is essential to have manageable operating costs.
Many businesses are facing common challenges including:
- high operating costs
- an increased need to focus on risk and compliance
- complexities of business processes
- required investment in technology
- need for training and retaining staff
Ongoing operational challenges can often deter the focus away from the strategic direction, which impacts the growth and profit potential.
With this in mind, outsourcing has emerged as a solution to address such time consuming challenges, whilst further promoting productivity in the workplace and throughout the business. Outsourcing introduces efficient and cost-effective delivery models in order to ensure that stakeholders can remain focused on strategic growth. The impact of this is being directly felt in the segments that outsourcing companies are able to address.
Research has suggested that outsourcing is emerging as a favorable option for the majority of companies who want to focus on growth and development, ranging from small to large businesses.
In a business environment which is competitive and complex it is essential to ensure compliance and accuracy at each business process stage. Failure to do so will result in:
- inefficient productivity;
- monetary loss,
- complex business processes
- demotivated staff
- retention issues
Therefore, more so than ever before business process outsourcing is fast becoming the only solution to cutting through complexity and addressing daily challenges, in order to transform them into efficient, high performing and compliant processes.
Often businesses spend a huge amount of time on monotonous tasks, which could be better solved with business process outsourcing specialism. This allows businesses to ensure productivity whilst introducing and endorsing internationally renowned and approved working models that are tailored for their business.
Global research from the International business report highlighted that one of the biggest constraints on growth was the lack of skilled workforce and access to labour in the UAE. Through adopting business process outsourcing models and methods, these issues can be avoided as specialist teams provide meaningful advice to support and encourage growth.
Business process outsourcing is being seen as a productive method of ensuring business efficiency and development. It often leads to staff satisfaction, as the day to day operational elements of the business are taken care of and become more efficient over time.
