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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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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.
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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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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
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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.
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HR & Payroll Services
HR & Payroll Services
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Outsourcing Advisory Services
Outsourcing Advisory Services
Hisham Farouk, Managing Partner of Grant Thornton discusses the latest findings from the Global Dynamism Index.
The UAE offers the seventh best financing environment in the world for growing businesses, trailing only Singapore, Canada, Chile, Slovenia, Poland and Finland.
The Grant Thornton Global Dynamism Index (GDI) 2013 takes into account many different factors in determining the strength of a country’s financing environment: the quality of the overall financial regulatory system; access of firms to medium-term capital; growth in value of inward M&A deals; the value of inward M&A deals; private sector credit as % of GDP; inward direct investment growth; and corporate tax burden.
The UAE has risen 10 places for the dynamism of its financing environment from 2012. This is largely driven by improved access to finance, where the economy climbed from 26= to 4=, level with Hong Kong, Singapore and Sweden. The UAE also ranks 1= for both the corporate tax burden and private sector indebtedness, and climbed 28 places to 11= for growth in value of M&A deals from 2012.
Hisham Farouk, Managing Partner of Grant Thornton UAE, said: “An entrepreneur needs finance to turn their idea into a business. And the business leader needs finance to achieve scalability. The global financial crisis provided clear evidence of the links between the financing environment and business growth.
"As the global economy slowly recovers, it is therefore pleasing to see the UAE improve its business growth environment in this important area. The lowest corporate tax burden and levels of private sector indebtedness in the world is quite an attraction to growing businesses. When combined with increasing access to finance, you can see why M&A activity in the UAE is up."
Overall, the UAE ranked 35= in the 60 economy study, just below the UK. It scored well in economics & growth (20) but was let down by the dynamism of labour & human capital (58), ranking behind Turkey, Egypt and South Africa
Hisham Farouk, Managing Partner of Grant Thornton UAE was interviewed live on CNBC Arabia on the 3rd of October. He discussed the Global Dynamism Index and how we work with dynamic SME’s to unlock their potential for growth.
