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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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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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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.
Middle East & Africa offers strong market growth for dynamic businesses, with the UAE leading in the region.
MENA offers strong market growth for dynamic businesses
The GDI - which combines 22 indicators across five growth areas to identify the best business growth environments in the world - finds the United Arab Emirates (UAE) as the leading economy in the region. The UAE ranks 34= (level with India), but rises to 7 for financing environment and 14 for market growth, which further signifies the growth potential in the country.
The other seven regional economies included in the index all rank in the bottom fifteen overall, but there are some positive stories. For example, Algeria tops the labour market growth area thanks to productivity growth of 8.4% in 2014. Nigeria ranks 4 in terms of market growth and Kenya rises nine places from the previous iteration of the index and ranks 9 for market growth and 26 for technology.
Hisham Farouk, CEO of Grant Thornton in the United Arab Emirates said: "The GDI results confirm that there are some fantastic business growth opportunities across the Middle East and Africa, but also some major challenges business leaders need to be aware of too. The UAE has done a lot to improve its inward investment offer while Nigeria and Kenya are huge, rapidly developing markets. The goal now for many markets across the region is to lower the risks for business leaders associated with operating.
"Market entry decisions are some of the toughest a business leader ever has to face. There are so many factors - both known and unknown - to consider. Uncertainty about what lies ahead can make it hard to make the case for action to colleagues and funding partners, and to manage risk effectively.
"Our GDI cannot solve this dilemma; it should not replace engaging with an advisor with a deep understanding of international expansion. But it can be used as a tool to help identify countries of interest of which the UAE has been highlighted as one."
Perception vs reality
Further analysis of the results suggests business leaders looking at or operating in the region have a good grasp of the local investment challenges. For example, 52% of business leaders in the Grant Thornton International Business Report (IBR) cite local legislation/regulatory requirements as key challenge to operating in the MENA region.
Hisham Farouk continued: “A lack of familiarity with a particular territory or region can skew perception and make it be difficult to bring the vision of expanding into new markets to life. Some of the largest corporations in the world, which are relatively data rich and have the resources to send people to scope out opportunities on the ground, have slumped in new markets due to a lack of regulatory grasp.
"For dynamic businesses, the trick is balancing instinct with reason and perception with reality. This study reveals how looking behind the headlines can uncover unexploited opportunities for dynamic businesses in new markets. The business world is always changing, with the realities on the ground often surprising business leaders who take a closer look. In order to maximise growth potential, business leaders need to refresh their perceptions of foreign markets in line with the market insights at their disposal.”