Industrial & Manufacturing Consulting & At times our technocrats, based on the specific environment
Implementation of a particular Jurisdiction/Geography conceptualize specific
projects based on the local availability of the basic raw materials
• Industrial Engineering & Technology Solution or demand of the end products & provide a complete solution to
• Concept to Commission of Industrial Venture the investor as a package deal for a turnkey solution on concept
• Green Field Project Planning & Implementation to commissioning basis.
• Industrial Relocation & Integration Plan Given a specific requirement or wish list of the investors or group
• Project Finance, Debt & Equity Structures / consortium of industrial houses, we organize the planning for
As an expert domain of the JFC Group, we specialize in setting up them of the selected industrial project as a Greenfield
of industrial ventures/projects for various economic activities & development, including development of investment studies,
development, that any developing country may need. Our focus, Technical viability reports, full scale business plans, financial
however, remains largely for medium scale industries within the modelling or detailed project report (DPR) including
SME Sector. implementation programmes.
At JFC Group we have the most eminent Technocrats, Engineers &
Shop Floor Technology experts, who have spent decades of their
life in a particular segment of the industry including the core
sector of infrastructure needs of the industrial sector including,
Metal & Steel, Metallurgy, Mine & Minerals, Textile & Fabrics,
Wood, Papers & its deviates, Plastic & Polymers, Petrochemical,
& its downstream industries, Cement & Building Material, Electric
& Electronic, Chemicals including fine & food chemicals, food
processing, packaging & branded products.
Contact Us: Planning your next move?
Mago JB Singh Hashem Abu Farah At Baker Tilly JFC Group, our Baker Tilly JFC Group, a premier professional advisory practice of certified
Group Managing Partner Country Head & Engagement Partner (KSA) experienced team of professionals public accountants, specialist consultants and business advisers specialises
M: +971 50 462 5675 M: +966 55 0131222 are focused on providing reliable in providing an integrated range of professional services to growing and
E: [email protected] E: [email protected] and perceptive advice allowing established companies. With over three decades of vast, varied and
you to succeed locally, regionally accumulated business acumen, we have the talent and experience to deliver
Adrian Mckay Darek Solecki and globally. solutions at every stage of your business development needs, whether start
Partner - Risk Management Engagement Partner - Assurance, Advisory & Tax Baker Tilly JFC Group is known for up, growth plans, strategic move, diversification plans or reorganisation.
M: +971 50 566 7841 M: +968 2479 7441 building long term personal
E: [email protected] E:[email protected] relationships with clients. We Moving your business forward
provide pragmatic and tailored
Mohammed Zakir Quraishi Eyad Hussain solutions in all our areas of Even though at Baker Tilly JFC Group we embrace change and dynamism
Partner - Business Consulting Country Head & Engagement Partner (Bahrain) practice, helping our clients every day, our commitment to excellence in our work and client service has
M: +971 55 854 2346 M: +973 33 9696913 succeed and grow. never changed and remained constant since our establishment in 1980. We
E: [email protected] E: [email protected] Over 3 decades of vast varied and aim to develop cost e ective tailored services for clients, to enable them to
unparalleled knowledge, skills and prosper through strategic growth.
Swamy Pentyala Samer Ali Hasan expertise with cross border deals
CEO & Partner - InfoTech Country Head & Engagement Partner (Qatar) and situation distinguishes Baker Baker Tilly JFC Group’s service teams bring an in-depth experience in a
M: +971 55 644 8226 M: +974 55 146826 Tilly JFC Group from others. With variety of disciplines and industry specific knowledge of the latest practices
E: [email protected] E: [email protected] our combined experience of and emerging issues.
regional & international
Corporate Headquarters - Dubai, UAE assignments, through consultants You can expect Baker Tilly JFC Group to bring skill, integrity and objectivity to
and advisors, our clients get the every single transaction. We strive to understand your changing needs and
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE best of service and delivery. the challenges you face. Working with you in partnership, our focus remains
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected] to drive your business forward in the right direction.
Branches & Country O ces Specialists in your field
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893 Our clients encompass SMEs across all sectors of the Economy, transnational
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893 corporations, government bodies, financial institutions and not-for-profit
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893 entities in a wide range of industries. We also provide services to companies,
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906 which are listed on regional stock exchanges and on other major
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806 international markets.
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91 Global reach
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East. As a member of a Global Organisation our cross border relations with
member firms of Baker Tilly International allows access to internationally
recognised service leaders and their local expertise enabling us to serve you
globally. We work closely with member firms in 137 countries spread over
750 o ces, worldwide to deliver the best possible international service.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
JFC Group - Service O erings Domestic & International Tax Solutions workers recruitment & immigration. Restructuring, Recovery & Reorganization
with Special Situation Solutions
Audit and Assurance - Corporate, individual and zakat tax Corporate finance and advisory
- Cross-border tax • Turnaround Special Situations
- SMEs -Field audit and investigation -Transaction Advisory • Distress and Restructuring
- MNCs -Lead Advisory-IPO. Bond. Sukuk Listing • Insolvency & Receiverships
-Listed companies Baker Tilly JFC Group’s tax advisory team has extensive - Mergers & Acquisitions • Debt
experience in advising on optimal investment structures in the -Investment Banking • Expert witness
Baker Tilly JFC’s risk based audit approach adds tangible value Middle East region in relation to group structures and trust
to your business. e audit allows us to fine-tune your business establishments. Baker Tilly JFC group has its intrinsic strengths in the transaction At Baker Tilly JFC Group, our multi-disciplinary team is able to
strategy while identifying opportunities and averting risks services and lead advisory. Our focus remains always towards understand the bigger picture and provide comprehensive
throughout the year. By o ering pragmatic advice, our experts help minimise your mid and emerging corporates for transforming them in to analysis and strategic options to distressed or under performing
overall tax exposure through tax treaties, dividend & income diversified growth companies through diversification, mergers & businesses.
Accounting, Bookkeeping and repatriation. acquisitions and private equity support.
MIS Support We deal with banks and institutional lenders to turn their
We specialize in tax advice to the permanent establishments of Financial, commercial, technical and legal due diligence, non-performing assets dealing with special situation funds, /ARC
- Bookkeeping international companies in the region, for their tax compliance, enterprise & business valuations, brand equity & intellectual to buy bad loans or turn them to performing assets.
- Management accounting tax filing, tax assessment as well as appeals. property valuation, technical listing & full listing with capital
- Financial advisory raising – is all that you can get under one roof. Our consultants provide their expertise for the complete
We have an expertise in advising in special situations concerning restructuring, recovery and insolvency services.
Our advisory team will optimize the value of your business by withholding tax, repatriation tax and double taxation in the Investment Banking with specialized thrust for buy & sale side
telling you what has happened, what is happening and what hands of the parent company when ultimately they received advisory for Industrial & Commercial organization, Industrial We understand financial distress and all of its complexities and
might happen. We ensure deliverables are provided accurately profits at their origin. Warehousing third party logistics & supply chain management have extensive experience in the area of turn around,
and on time. etc. Besides we specialize in arranging matured income plan for rehabilitation, corporate debt restructuring, one time settlement
Company Incorporations & Business the Funds, Pension Schemes & Foundations through assets solutions as also dealing with administrators, asset restructuring
We specialize in providing comprehensive accounting solutions Set-up secured deals based on Fixed income generating Real Estates companies.
to start ups or small businesses, including accounting setup with including sale & Lease back transactions with corporates and
software solution and implementation. -Company Setup listed companies or groups . Our restructuring experts also specialise in providing solutions to
- Registered o ce highly distressed & economically unviable companies to relocate
Technical and Regulatory Services - Company secretarial and registered agent Education including Vocational Trainings Higher Education, to another region, district or cross border through low cost
Hospitality & Health Care are the growth areas of our Corporate solutions in low cost countries where it is viable.
e high caliber of our team is internationally renowned. We Our knowledgeable professionals can assist in setting up new Finance Practice and we work closely with large and growing
o er technical advice on accounting and financial reporting companies locally and overseas, and handle the everyday companies in these specialty growth areas of business. Intellectual Property Audit
issues together with input and support to organizations or corporate maintenance of your company.
individuals on regulatory requirements and proceedings. Information Technology Advisory Businesses often do not know what Intellectual Property assets
We specialise in local and international o shore company set up, Support and Implementation they own, let alone being able to exploit value and account for
We specialize in regulatory framework procedures, audits, trust and co-op set up. them.
reporting and special need engagements. Baker Tilly JFC through its dedicated arm specialises in niche area
Our expertise include setting up mainland companies with mandatory of information technology supporting, small, medium and large Companies must and should periodically audit intellectual
Risk Advisory and Corporate Governance national investors in most of the gulf countries as well as 100% businesses alike. property in order to help ensure that its rights are captured,
foreign owned free zone establishment companies including preserved, safeguarded, and properly valued.
- SOX compliance branch of a foreign company. Baker Tilly InfoTech team collaborate and understand your
-Internal audit and control services technology needs and plans, the right solution which is Baker Tilly JFC can perform an independent audit of intellectual
We are one of the largest and most prominent providers of implemented in order to provide you with your desired results for property that provides an assessment of the intangible assets of
Our Risk Advisory specialists have a long history of evaluation o shore company setup solutions with both domestic as well as your ultimate satisfaction. a company.
and improvement of internal control systems. Our complete international o shore centers around the world. Besides the
approach brings you reliable e cient service with value for regular o shore company set up we specialise in setting up of Baker Tilly InfoTech is a complete technology advisory and Our team of experts within the group including our paralegal
money. o shore banks, trusts, corporations, foundations and Co-Op set implementation practice supporting both onsite and o site service division will recommend systematic procedures for
ups for the e cient tax planning as well holding structures for o erings including o shore development center in India being protecting and perfecting intellectual property rights.
Our lead partners and associate consultants are specialized in large groups and conglomerates. the technology hub of the world.
corporate governance and internal control framework for Islamic and Sharia compliant services
financial institutions and corporates. We act as authorized registered agents for o shore companies in Bake Tilly InfoTech can support and o er the following service to
the entire UAE across Dubai, Ajman and Ras Al Khaimah O shore an enterprise; Baker Tilly JFC Group with its associate partners and sharia
Forensic Investigation and centers besides Bahrain and Kingdom of Saudi Arabia for SAGIA compliant experts & scholars could be your guide in certifying
Litigation Support registered companies. - Implementation and Integration Services your deal in line with “HALAL” principles and will help you
- Managed Services calculate precisely your Islamic tax obligations as well as provide
You can benefit from our expertise in civil actions and in complex Payroll - Human Resources, -Business Analytics you with yearly certification service and required certificates by
criminal cases. We have the experience and resources to assist Immigration, Visa & Labour Support -Enterprise Performance Management the authorised Sharia scholars, experts & consultants.
you with your forensic accounting and litigation support -Governance, Risk and Compliance (GRC)
requirements throughout the Middle East region. • HR - Payroll - Executive Search Solutions -Software Development With the increasing use of Islamic financing as a tool and with
• Immigration / Visa / Work permit solutions - Enterprise Mobility most of the international banks o ering Islamic financing
Our firm by and large remains as an empaneled accounting and -Systems audit solutions as well o ering of Sukuk (Islamic Bonds) through the
auditing expert with most of the legal jurisdiction including From simple payroll calculations to the sometimes complex -Sta Augmentation regional and international stock exchanges, companies, banks
courts, chamber of commerce, arbitration centers and process of termination, the team can take care of your HR and regulators are alike obliged to ensure the compliance with
alternative dispute resolution platforms. function allowing you to focus on the core business without the Islamic values in strict adherence to the Sharia rules. Baker
losing e ciency or e ectiveness. Tilly JFC could be your support partner in designing,
Our in house and associate accountants, forensic experts, fraud Our specialist consultants provide all in all support for your implementing and ensuring your compliance to the Sharia
examiners and investigation experts are able to provide you labour ministry, visa, immigration and work permit issues related product and service.
with an expert eye in the most critical cases going in to the depth besides other regulatory approvals including Emirates Identity
of the problem. Authority, Roads and Transport Authority and domestic help
In business, information Accounting Services
is the key to making the
right decision at the right Today’s business landscape demands sound finances and nimble tactics.
time. You can depend on Your financial standing impacts your short and long-term strategy.
advisers from Baker Tilly Baker Tilly JFC Group o ers accounting services through its stand alone
JFC to prepare your subsidiary, that allows you to manage your business e ectively.
accounting records on
time, with tailored Providing meaningful financial
analyses to allow you to information on time
manage e ectively.
Whatever the size or complexity of your business our specialists can enhance
e ciency and control. rough our accounting and advisory o erings, we
maximise e ciency by identifying opportunities to improve work processes.
You can rely on deliverables to be completed on time, giving you the
information you need, when needed.
We combine a wide breadth of industry knowledge with the e cient use of
sophisticated accounting technology. Our team approach gives you access to
experts who are skilled to take on your accounting responsibilities, enabling
you to concentrate on achieving better business results.
Cost-conscious business
owners choose to outsource
e drivers to lower operational expenses are ubiquitous. e systems and
processes we put in place are both cost-e ective and relevant whether you
are a start-up, running and managing operations, managing growth, or
contemplating fund raising.
If you are a start-up or a small business looking forward to grow over a period
of time, while keeping the capital expenditure at bare minimum, we also
provide software and hardware solutions for your accounting needs.
Along with expert accounting personnel for data entry and managing your
books we will o er you our own computer system and accounting software
and provide you with a solution which is all in one.
- Bookkeeping Services
- Preparation of Accounts
- Management Accounting
- Financial Report Compilation
Baker Tilly JFC can help Bookkeeping and preparation of accounts
you fulfil your finance
and accounting needs so In bookkeeping our duties include handling accounting transactions on a
that you may commit weekly monthly or bimonthly accrual basis. Our trained sta can guide and
valuable resources on prepare cash, general or journal entries, make provisions for regular accruals
running your company. on a monthly basis and review the full list of general ledger accounts to
Our commitment to ensure the accounting information is properly recorded.
timely reporting is Prior to each engagement we will customise a set of services tailored to your
second to none. needs and agree on the reporting timeline with you.
Contact Us: Management accounting
Mohammed Zakir Quraishi
Management accounting comprises of balance sheet, cash flow statement,
Partner - Business Consulting income statement, and schedules of balance sheet items. In addition we can
M: +971 55 854 2346 generate bank reconciliation reports on a monthly basis.
E: [email protected] Our team will interpret the management accounts to define what the figures
Samer Ali Hasan are and how they impact your business.
Country Head (Qatar)
M: +974 55 146826 Financial report compilation
E: [email protected]
While most companies view the year end to be an annual chore, it is in fact an
indispensable statement documenting the financial position and health of
your business.
Baker Tilly JFC’s accounting advisory team can help your financial reporting
be top-class. Our fully-tailored plan will cover all your needs, from producing
financial statements, dealing with complex transactions and answering
auditor queries. A well-prepared set of accounts speaks volumes to investors
and stakeholders, and is a great starting point for conversations with new
ones.
OUR STRENGTHS
-Timely and reliable financial accounts
- Customised solutions & reporting timelines
- Dedicated Team
- Excellence in accounts control
- Insightful Analyses
Adeem Mirza Mohammed Al Khatib
Head - Accounts & Outsourcing Sr. Director - Taxation & Advisory
M: +971 55 216 6829 M: +966 50 5279632
E: [email protected] E: [email protected]
Eyad Hussain Darek Solecki
Country Head (Bahrain) Engagement Partner - Assurance, Advisory & Tax
M: +973 33 9696913 M: +968 2479 7441
E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
High performers know that a Audit and Assurance
clear business perspective is
vital to ongoing success. e e range of audit and assurance services o ered by Baker Tilly JFC adds
Baker Tilly JFC audit process value whilst fulfilling our responsibility to report independently to an entity’s
begins by obtaining an shareholders. We ensure that your financial statements properly reflect your
understanding of your business position and that you are obtaining the maximum benefits under
business. We actively current legislation of the country/jurisdiction.
communicate our findings As a part of the audit review process our team will identify risk factors and
together with practical alert management allowing you to stay ahead of the game. Our
recommendations for professionals work closely with your sta to maintain maximum e ciency
improvement throughout and e ectiveness in the financial reporting process.
the process. We give
assurance that your financial Enhancing the value of your business
statements are a true
reflection of your financial Our audit and assurance service encompasses inspection and assessment of
position. financial statements and relevant assertions.
Each audit is unique and we plan our audits to achieve an in-depth
understanding of your business operations. We then assign the appropriate
individuals and design the audit process to match your specific
circumstances. We discuss the key factors that a ect your business and
major developments which have occurred during the year. We avoid tests
that are of little or no relevance to key areas of your business.
We use an electronic audit platform and software that allows our team to
practice high-end analysis on a risk-based model as the basis for our audit
and related recommendations that we provide.
In addition, professional advice on optimising internal control and technical
advice on complex accounting issues is readily available.
In delivering these services we adhere to the highest standards of
independence, integrity, professional objectivity and technical excellence.
- Audits of Public & Private Companies
- IFRS Audits
- Non-statutory Audits
- RERA Audits
- Agreed Upon Procedures
- Risk Based Auditing & Reporting
Baker Tilly JFC’s audit Satisfying your compliance needs
approach is designed to
provide owners and Baker Tilly JFC is committed to staying at the forefront of the technical and
stakeholders with a high regulatory change. Our Technical and Regulatory Services Department – is
level of confidence in the headed by Qualified Assurance Directors with full-fledged experience in
end result. heading audit committees, in-depth knowledge of Accounting and Auditing
Standards. Our connectivity with the SME Board, Exchanges and various
Contact Us: other platforms of the Regulatory Regime helps our clients gain information
and know-how about the latest developments in this area.
Our highly experienced technical team provides advice and assistance on
regulatory matters.
Other areas where we can help
Our expertise also extends to an array of non-statutory assurance services
such as:
• Audits in connection with IPOs on Main & Secondary
Markets in the GCC. We also cover markets outside GCC
including NASDAQ, AIM, Australia (ASX) and Singapore (SGX).
• Special Audits for mergers and acquisitions.
• Due Diligence Reviews in the GCC and wider Gulf Region.
• Special Audits in connection with litigation.
• Business Valuations for buyers & sellers.
• Consulting Services on technical, accounting and
financial reporting issues
• Real Estate Regulatory Audits (RERA) Compliance for
realty development projects.
Baker Tilly JFC also provides assurance services for various
charities and not-for-profit organisations.
OUR STRENGTHS
- Experienced Audit Teams
- Open Communication
- E ective Data Analysis
- Candid Professional Advice
- Pro-active Responses
- Risk-based Audit Focus
Neil Sturgeon B.S. Mony Darek Solecki
Senior Partner & Group CEO - Assurance Partner - Abu Dhabi Engagement Partner - Assurance, Advisory & Tax
M: +971 55 674 7342 M: +971 55 964 2277 M: +968 9015 1679
E: [email protected] E: [email protected] E: [email protected]
Eyad Hussain Samer Ali Hasan Hashem Abu Farah
Country Head (Bahrain) Country Head (Qatar) Country Head (KSA)
M: +973 33 9696913 M: +974 55 146826 M: +966 55 0131222
E: [email protected] E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Whatever may be your size Corporate Finance
of business, Baker Tilly JFC
Group could provide you a - Transaction Advisory Services
solution for your corporate - Lead Advisory Services
finance needs. We at Baker - Support Services & Legal Assistance
Tilly JFC work with
businesses of all sizes, Baker Tilly JFC is a reliable partner when you are expanding your business.
providing practical advice on Whether you are looking to make an acquisition, form a strategic alliance,
the full range of corporate raise or invest capital, perhaps through an Initial Public O ering (IPO), or
finance, lead advisory and release funds through a sale or restructuring, Baker Tilly JFC Group & our
transaction support services - worldwide corporate finance specialists across the network of Baker Tilly
from pre-deal evaluation International can help you minimize the associated risks and maximize your
through to completion and returns.
post deal integration or
separation. Mergers & Acquisitions & Private Equity
Whether you are looking to
make an acquisition, form a Our team of corporate finance specialists, have tactical experience in creating
strategic alliance, raise or acquisition strategies, identifying cost-e ective financing alternatives,
invest capital, our Corporate developing operational improvements, and harvesting invested capital
Finance specialists can help through our buy/sell-side services.
you minimize the associated We help you identify and prepare for a transaction to negotiate, structure,
risks and maximize the and close the deal; and plan beyond the event with straightforward advice
returns. covering the following matters:
• Maximizing value from the sale of Private shareholders businesses;
• Assisting management teams in negotiating terms for raising
private equity and/or debt finance for supporting either a
management buyout or buy in;
• Corporate and private shareholders on raising private equity
and/or debt finance for growth, cash out or recapitalization;
• Acquisition support services for the growth funds, private equity
and boutique firms as well venture capital.
• Coordinating and formulating strategies for the corporates and
groups in designing the acquisition including selecting and identifying
the target companies.
Our team is drawn from a multitude of backgrounds including industry,
investment banking, management consultancy, specialist boutiques and
large advisory practices and the accounting giants. Our entire team is a blend
of East & West experience largely from the top 10 advisory practices
worldwide.
Buy/Sell Side Due Diligence
e success of any acquisition, either it is by a financial investor or by a
seasoned corporate, entirely depends on the quality and depth of its due
diligence. e success of any acquisition could be significantly influenced by
the extent & quality of due diligence undertaken. Baker Tilly team is highly
experienced in providing:
-Due diligence for financial investors, banks and We have experts in accounting, international taxation, transfer
private equity houses; pricing, and the entire team operates as an integrated unit, while
-Due diligence in the course of a corporate acquisition; and we frequently deliver client assignments spanning around all the
-Vendor due diligence – It identifies potential issues disciplines and incorporate input from our tax and accounting
and reduces the probability of eroding value. experts.
At Baker Tilly JFC we can assist the clients for the due
diligence needs of all sorts including financial due diligence, e benefit of our joined-up approach encompassing various
commercial due diligence, legal due diligence, technical due discipline team members bring a broader commercial acumen to
diligence, using our in-house expertise as well as our panel of both modelling and advisory assignments. us we remain
industry experts and associates in the respective domains. always better equipped to anticipate and resolve both common
The core team is focused around the financial due diligence and novel issues.
which would vary in terms of the specific requirement from deal Our financial modelling team consists of accountants, former
to deal however, typically for a regular due diligence exercise we bankers and commercial analysts bringing a breadth of
would provide services including: experience and outlooks to bear. We see modelling as a service
- An in-depth analysis of underlying historic performance, not a product and high client satisfaction and repeat business is
testimony to that.
cash flows, assets and liabilities;
- A critical examination/evaluation of the Valuation
management's forecasts, including the working capital; At Baker Tilly we have vast experience in the valuation exercise
- A review of the underlying financial systems and controls; for the enterprise and our large combination of experts in the
- An analysis of the overall tax structures & implication various domains of industry sets us apart for valuation services.
Our valuations team helps clients gain an in-depth
of the current taxation & likely impact post acquisition. understanding of the value of each business for the purposes of
- Risk analysis including those specific and typical issues management analysis, acquisitions or disposal. Commercial
decision-making where our opinions are used in:
which could influence the success of the deal - Fund raising; and
including integration and other post deal issues - Buy/sell, develop/sell and buy/develop decisions.
where appropriate. We value businesses including industrial ventures, intangible
assets, perform purchase price allocations, conduct impairment
Financial Modelling: Budgeting: Forecast assessments and related analysis.
We develop this through presenting and discussing our research
Baker Tilly JFC has developed a top class financial model and views enabling our clients to gain real value from the
o ering, helping our clients with cash flow forecasting, interesting and informed experts by using globally accepted
investment appraisals and evaluating complex business valuation practices.
decisions.
Our core expertise is in building bespoke and flexible financial
models. We combine best practice techniques and tools to
mitigate risk with commercial acumen and a dash of flair to
provide fit for purpose modelling solutions including feasibility
studies and business plans.
Contact Us: Neil Sturgeon Salman Sajid
Mago JB Singh Partner & Group CEO - Assurance Executive Director & ICV Practice Lead
M: +971 55 674 7342 M: +971 55 231 9673
Group Managing Partner E: [email protected] E: [email protected]
M: +971 50 462 5675
E: [email protected] Aman Sharma Hashem Abu Farah
Robert Knowles Associate Director - Transaction Advisory Country Head (KSA)
Partner - Consulting & Advisory M: +971 55 337 7817 M: +966 55 0131222
M: +971 55 2319675 E: [email protected] E: [email protected]
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Whether you are considering Corporate Services
setting up a new
international structure or if Combining local knowledge and an international presence, Baker Tilly JFC is
you have one already a reliable partner when you are expanding globally. Whether you are a
established, developing your start-up or multi-national, we o er a range of business services to help you
strategic plan requires manage your operations e ciently so that you can focus on driving your
careful thought and business.
implementation. As you
venture into the Setting up your business
international business arena, in the wider Middle East Region
Baker Tilly
JFC can provide the expertise Baker Tilly JFC can assist you to incorporate a local company to meet local
and business support you regulatory obligations in any of the Middle East Countries which may include
Mainland Company, Free Zone Company and o shore entity.
In addition, we can act as company secretary / registered agents for UAE
based o shore companies and provide a registered o ce address in these
locations, if required.
Your trustworthy business partner
When the business is set up or a Mainland / Free Zone / O shore Company is
incorporated, we can further assist in opening a local bank account. With the
ever more demanding “know your customer” and “anti-money laundering”
legislation, this is no easy task. With many years of experience and a wealth
of local contacts we can make this process significantly less painful.
- Corporate Structures
- Middle East Company Incorporation
- Registered Agent Services
- Secretarial Support
Market entry can be hassle-free Helping you make the right moves
with the help of our skilled
team. We provide tailored Our solutions-based focus covers tax and regulatory obligations, at both the
advice on corporate structures, domestic and international level.
tax and company incorporation
process. Services provided include:
Our corporate sponsorship
programme helps to meet the Incorporating and maintaining companies in the Middle East and Overseas
regulatory requirement of a Jurisdictions:
national partner for mainland • Preparing and filing statutory notices and returns
LLC Co.’s setup. International • Maintaining statutory records
companies may have a • Preparing minutes of directors’ and shareholders’
stress-free working environment
using our solutions, for their meetings, including attending meetings as required
footprint in the Middle East. • Providing a registered o ce and/or correspondence address
• Preparing necessary documents for the operation of bank accounts
Contact Us: • Advising on and arranging corporate reorganisations
• Organising deregistration of companies from the Company’s Registry.
• Providing individual and corporate sponsorship for LLC setup
in the mainland in terms of regulatory requirement of a national partner.
OUR STRENGTHS
• Perceptive Advice
• Open Communication
• Tailor Made Business Solutions
• Sensitivity to Cross-Border Problems
• Excellence in Process Control
Mago JB Singh Hashem Abu Farah
Group Managing Partner Country Head & Engagement Partner (KSA)
M: +971 50 462 5675 M: +966 55 0131222
E: [email protected] E: [email protected]
Mohammed Zakir Quraishi Samer Ali Hasan
Partner - Business Consulting Country Head & Engagement Partner (Qatar)
M: +971 55 854 2346 M: +974 55 146826
E: [email protected] E: [email protected]
Aakriti Mago Awad Bamkhalef
Associate Director - Advisory & Int'l Relations Country Head & Engagement Partner (Oman)
M: +971 55 676 0893 T: +968 2 4797441
E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Succession planning is the Corporate Governance and
key for any business, Succession Planning for
however is more relevant to Family Owned Business
family owned business.
Baker Tilly has been on the In the Middle East, over eighty percent of businesses are either owned or
forefront to lead advise controlled by families who began as entrepreneurs and subsequently
businesses globally and in diversified their business interests. A significant number of these businesses
the region for their better started in the early 1960s and continuity has become a growing concern:
preparation towards the many of them will need to manage a generational change over the next five
succession of the business, to ten years. Family businesses are both strong and unique but they are also
bringing adequate control more complex. ey face the same challenges as any other business and as
and regulation for proper both the business and family grow and expand, they must also deal with a
corporate governance. range of specific problems. ey have to manage the challenges of operating
Globally in 2014 under the in a di cult global economic environment alongside inevitable generational
leadership of Mr. Richard change.
Shrapnel from Australia,
Baker Tilly member firms Key issues include:
have undertaken a
succession planning survey - Generational transition: Only a third of all family businesses
relating to family business successfully make the transition to the second generation.
experience and problems
and have given the world a - Alignment of family interests: Alignment of interests between current
wonderful insight of the owners and others becomes more pronounced as members retire and
governance and turn over the reins to the new generation, while at the same time looking
management of family to the company for their retirement income.
businesses.
- Balancing of financial returns: Creating buyout agreements is
challenging. When the retiring generation looks to the value of their
interest, they sometimes tend to look to a balance sheet number. In fact,
the true value of a business should probably be based on an earnings
capitalization model, a concept unfamiliar to many smaller family
companies.
- Interfamily disputes: e interest of one family member may not be
aligned with another family member. ese situations can become even
more di cult where there is, for example, a divorce of a family owner
or a death and the surviving spouse is holding stock (and voting rights)
but is not involved in the business.
- Estate and Inheritance issues: ese include certification delays upon
the death of a family owner, compliance of Shariah principles and laws
of inheritance under UAE Civil Code Federal law No.5 of 1985.
At Baker Tilly, our Family Business Advisory Team is dedicated to working
with family businesses, large and small, to envision the future and achieve
your goals and those of your family. Whatever your business, from founder
generation to cousin consortiums, we have facilitated the creation of family
governance structures that achieve sustainable long term success.
With over 30 years of experience in helping family businesses succeed we
pride ourselves on building long-term relationships. We are passionate about
supporting you and your family business. Let us face the challenge together
over the coming decade.
Many families will need to manage a generational change over the next
5 to 10 years.
Family business owners need to take a holistic view of both their Create a Business and Owner Estate Plan
family and their business. e most successful family businesses
make it a priority to understand the dynamics of family • Address taxation implications to the owner/business upon
relationships and to create rules that promote family harmony sale or transfer of ownership, death, or divorce.
and commercial success. Our services include:
• Review owner estate planning to minimize taxes and avoid
Establish Goals & Objectives delays in transfer of stock to remaining owners or spouse.
• Review current succession plan and reasonableness • Create a buy/sell agreement that is fair, reflective of the
of achieving desired goals. value of the business, and is in line with the expectation of
the parties involved.
• Develop a collective vision, goals, and objectives
for the business. Create a Transition Plan
• Determine the importance of continued family involvement • Consider options: outright purchase, gift/bequest,
in leadership and ownership of the company, but consider or a combination of these.
the option to bring in professional management.
• If the business is to be purchased, consider financing
• Establish personal retirement goals and cash flow needs options including financing from an external party
of retiring family owners. or self-financed from the retiring owners on a deferred
payout basis.
• Identify goals of next generation management, both
personal and business. • Establish a timeline for implementation of the
succession plan.
• Identify and retain a team of professional advisors.
Establish a Decision-Making Process
• Identify and establish governance processes for
involving family members in decision-making.
• Establish a method for dispute resolution if needed.
• Document the succession plan in writing.
• Communicate succession plan to family members
and stakeholders.
Establish the Succession Plan
• Identify successors both managers of the company
and owners of the business.
• Identify active and non-active roles for all family members.
• Identify required additional support for the successor
from family members.
Contact Us: Neil Sturgeon B.S. Mony
Mago JB Singh Partner & Group CEO - Assurance Partner - Abu Dhabi
M: +971 55 674 7342 M: +971 55 964 2277
Group Managing Partner E: [email protected] E: [email protected]
M: +971 50 462 5675 Hashem Abu Farah Aakriti Mago
E: [email protected] Country Head (KSA) Associate Director - Advisory & Intl Relations
Adrian Mckay M: +966 55 0131222 M: +971 55 676 0893
Partner - Risk Management E: [email protected] E: [email protected]
M: +971 50 566 7841
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Financial arrangements are the Debt Syndication
key to successful venturing, if you Credit Enhancement
are in the expansion mode of Collateral Free Business Loans
existing business or diversifying
into new areas or have cash flow Any business whether start up or well established, needs proper financial
issues meeting your working arrangement and management of resources in terms of available capital and
capital needs we provide you quick the permissible leveraging thereon.
solutions in arranging cash. Business or industry, trade or services equally have requirements of funds to
Baker Tilly could assist you in support their business plans either in the form of debt or equity and needs
raising and structuring right timely financial closure of their projects.
funding solution keeping in mind At Baker Tilly JFC Group we specialize in providing financial solutions as
your business needs. professionals and not like the financial brokers. We assist clients to achieve
We have a unique approach in their goals by providing specialized Syndication services. e hallmark of
framing up of your financial needs. Baker Tilly’s Syndication process is that Baker Tilly takes a holistic approach
We understand firstly your combining an entrepreneur’s need of growth funds and expansive mode
business, the industry you belong balancing with the art of understanding lenders perspective and conservative
to and then make a critical analysis approach from risk angle and coordinate both on an agreed platform,
of your operational and financial providing adequate share of debt to an enterprise within the frame work.
issues as well your daily cash flow Baker Tilly has a full-fledged Syndication, Structuring and Advisory
problems and then devise a Department through which it o ers a wide range of financial services for its
pragmatic plan giving you an clients. We have been o ering debt syndication services for more than 30
immediate short term plan as well years to various businesses, industries, corporate houses, arranging financial
long term solutions. assistance (both Term Loan and Working Capital) for their projects and
With over 30 years of experience, operations.
we have a long track record of Although at Baker Tilly we have been involved in all sizes of projects and
satisfied clients. Our debt companies but predominantly our focus is for small and medium enterprises
syndication services provide you (SME Sector) and growth companies including mid corporates. Baker Tilly
with a professional service built on has an excellent pool of qualified and experienced professionals including
trust and assurance seasoned bankers, industry experts, veteran business leaders and
Our debt syndication services entrepreneurs, who take care of the clients’ special needs and provide them
helps you to meet your business’ solutions promptly. e team also takes a balanced view on the risk
potential and takes a long–term perceptions of the projects.
view of your industry. We pride Since its inception JFC Group has concluded numerous transactions including
ourselves on the quality of services cross border transactions and have seen completed deals for syndicating
provided and our attitude and funds from the banking and financial institutions including private
behavior towards our clients. placement lending through family o ces participation. We have to our credit
thousands of deals for debt syndication in financial arrangements.
Baker Tilly is the leading player in debt syndication and enjoys unparalleled
reputation in terms of quality clients with all performing assets with the
banks. We enjoy excellent business relationships as a trusted intermediary in
bringing quality deals to the Local & Foreign Banks/Financial Institutions.
Our work methodology and detailing of proposals is unique, Information
Memorandum (IM) is drawn with crisp and focused detailing on the
project/business well received by the participating Banks and Financial
Institutions. Over the years, the group has developed trusted relations with
Banks and Financial Institutions based on the strength of the projects and
clients we bring to them.
Service O erings in the Area of Finance • Harmonizing the terms and conditions among all
Banks/Financial Institutions
- Project Financing including medium & long term loans
- Working capital facilities including overdrafts, demand loans, • Distinct understanding of the legal documentation &
completion of the covenants of banks and
Letter of Credit/Trust Receipts, Bill Discounting financial institutions.
and Factoring etc.
- Specific Non funded credit lines in the form of Letter of Key Strengths
Guarantee, Advance Payment Guarantees & Performance Bonds
- Raising of Structured Finance through -Internationally Trusted Advisory Firm
Bonds/Debentures/Preference Shares including -Expertise in funding medium and large scale projects
Private Placement & Listing.
- Real Estate based Funding (Commercial and Residential) for over 3 decades
including Mortgage Finance & Equity Release - Single window approach with qualified team under
- Quick cash loans including collateral free Business loans
for SMEs one roof to meet all corporate needs
- Acquisition Financing including leverage buyout/asset - Several Industry & Businesses Domain expertise in
buyout financing
- Appraising and structuring of financial packages arranging finance to all kinds of projects with strong
including debt restructuring & buyouts appraisal capabilities
- Structured Trade Financing including SBLCs & - Provides complete solution from Due diligence to
mezzanine financing. Financial closure
- Venture Capital Funding & Seed capital financing - Credibility and Acceptability among Banks and
Financial Institutions.
Well Established Stress Free Process - Well entrenched relationships with banking community
for syndication
Our methodology is the key for the success of our financing - Transparent process with experience in handling
solutions to the industry, trade and business. Our typical large value syndications
syndication process involves & revolves around:
- Understanding & involving in the whole business process Industry Expertise
of borrower with deep understanding of requirements & Since its inception Baker Tilly has been working closely with
then preparing & recommending most suitable almost all the industries. is long association with various
financing structure industries has enabled us to develop core competencies across
- Stringent appraisal & due diligence process to industry domains which includes:
ensure qualified clients deals only take to the -Telecom • Power • Aviation • Oil Refinery
credit enhancement stage for submission to the lenders. -Retail Chain • Textiles • Steel • Cement • Aluminum
- Preparation and Circulation of Credit Enhancement -Consumer Goods Manufacturing • Hospitality
Proposal(CEP) -Education Sector • Construction • Commodity Trading
- Submission and Coordinating with the Banks/Financial
Institutions, giving them full insight into the business &
ensuring sanction of facilities in time.
Contact Us:
Mago JB Singh Robert Knowles Khizer Abbas
Group Managing Partner Partner - Consulting & Advisory Associate Director - Corporate Finance & Syndication
M: +971 50 462 5675 M: +971 55 231 9675 M: +971 55 109 4942
E: [email protected] E: [email protected] E: [email protected]
Aakriti Mago Himadri Shekhar Roy
Associate Director - Advisory & Int’l Relations Partner – Client Relation Mgt Joscelin Amanna
M: +971 55 676 0893 M:+91 9991061669 Assistant Manager - Advisory & Syndication
E: [email protected] E: [email protected] M: +971 55 216 9256
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Dubai o ers attractive Dubai Property Investment
investment returns and An opportunity in the o ering
capital appreciation for the
investors in the residential, Dubai is one of the most important business and tourism hubs in the world.
commercial and retail Over the last few years, it has become an influential center for business and
properties alike. now 80% of the world’s ten largest companies have o ces in the city, while
Property prices are close to 400 of the Fortune 500 companies are already represented here.
inexpensive in comparison to Property in Dubai is one of the strongest real estate markets, having seen
other similar trading hubs unprecedented prior to world economic crises, it is now again growing
around the world. ere is a moderately however still in double digits. e growth story continues 2014
potential for further growth, and beyond since much more would happen by 2020 when the world would
as prices have been growing rise assemble in Dubai for the Expo.
in demanded projects over Billions of Dollars of new projects and the infrastructure projects announced
the last few years. by the Government makes Dubai properties a very attractive investment.
Baker Tilly JFC Group Dubai’s real estate sector has matured rapidly and is driven by demand and
investment advisory team quality. Dubai’s excellent tax set-up has made it a very popular destination
has successfully guided for investors interested in Dubai property for long term, resulting in one of
investors locally, regionally the best rental markets across the globe.
and globally in achieving Properties in Dubai now outperform cities like London, New York and Paris,
viable income generating o ering investors far higher returns for their assets.
developments running to With three decades of expertise in the market place, coupled with the
expertise of an independent real estate brokerage firm aligned within the
group, provides us real estate services integration. Baker Tilly has earned a
pioneering position in guiding investors and developers identifying lucrative
and sustainable investment opportunities. Our role and responsibility in
investment advisory covers a variety of areas such as:
- Identifying Investment Potentials
- Property Acquisition
- Development Recommendations
- Joint Venturing/Strategic Partnerships
- Outsourcing Service Providers
- Financial Forecasting
- Property Valuations
- Arrangement of Mortgage financing
Driving factors for Investment in Dubai Dubai o ers various opportunities to the seasoned and mature
investors for their long term aspiration. Specified sectors which
• Dubai is a tax-free city, with no income or capital gain tax. could have investor specific preference includes:
is makes it extremely attractive for people from all around
Residential Property (High Rise & Villas)
the world to come and work in Dubai, as well as invest
in property. In the continuing expansion & new drive for businesses, Dubai
• Dubai is easily accessible, having direct flights from continuously witness migration of people creating demand for
all the major cities in the world. residential units. Despite of new supplies, there is always a
• Dubai remains a popular tourism destination with its shortage resulting in for returns of 8-10% from rentals. ese
fabulous shopping malls, five-star hotels, beautiful returns are expected to continue at lease in the medium term.
beaches and numerous attractions.
• Dubai is extremely safe, having a very low crime rate – Retail Property
making it a perfect place for families and wealthy individuals.
• e climate in Dubai is very pleasant throughout the year, Dubai has proved to be the launch pad of the world. e malls in
with only 3 months of summer, the heat of which is also Dubai tell the story; there is always long waiting period for rental
an attraction to the western world as well shoppers for space in malls, business centers, hotels and commercial
the summer surprises. development. Retail property is a safe haven investment for long
• Rental income from property is a stable source of income, term players as this o ers safe and regular returns.
Good investment properties in Dubai o er 8-10% rent
return (after deduction of maintenance cost). Commercial Property (Including Free Zones)
• Dubai property is open to any investor from anywhere in the
world, unlike the local stock market. is means greater With the opening of 25,000 new businesses every year the
liquidity and more funds in the marketplace. demand for commercial space is growing continuously and as a
• Demand for property typically picks up during an economic result there is regular development of commercial space. is
boom or easier mortgage acquisition through Banks. Dubai sector is now well regulated and established as a result investors
banks have started lending again, and the number of finance get attractive opportunities for short and long-term gains. is
purchases has increased significantly. sector besides good recurring returns also provides reasonable
• Property portfolios o er great scope for diversification capital gain to the investors.
of risk into di erent property types, locations and rental
levels. is helps to spread the risk of an interruption to Logistics, Warehousing & Stores
income flows.
Dubai being the international hub for trade & distribution o ers
attractive investment opportunities to the developers as well as
individual investors in this sector. is sector always has short
supply and is over stripped by demand. e sector is always hot
and o ers very attractive returns on investments including huge
capital appreciation.
Contact Us: Shafi To c Meharban Singh
Mago JB Singh Partner - Realty & Advisory Associate Director - Advisory & Consulting
T: +971 55 856 8272 M: +971 56 991 2073
Group Managing Partner E: shafi@bakertillyjfc.com E: [email protected]
M: +971 50 462 5675
E: [email protected] Aakriti Mago Surya Narayana Krishna Moorthy
Mohammed Zakir Quraishi Associate Director - Advisory & Int’l Relations CEO & Partner (Sharjah & Northern Emirates)
Partner - Business Consulting M: +971 55 676 0893 M: +971 50 132 6812
M: +971 55 854 2346 E: [email protected] E: [email protected]
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Should your business face Forensic Investigation and
issues with financial or legal Litigation Support
implications, Baker Tilly JFC
can deliver viable ere may be occasions when you, or the company, requires an independent
recommendations and expert to give an opinion on the financial disputes, may be in conjunction
solutions. By combining with sale of your business, either partially or fully.
responsive client service and Baker Tilly JFC can assist in all facets of forensic and litigation support. We act
sound investigative skills, for directors and shareholders by reporting upon underlying circumstances
our forensic team will deliver and o er dispute resolution through expert advice and seasoned support.
dependable analysis for
critical decision-making. Expert support for peace of mind
Baker Tilly JFC’s support service in the area of forensic practice has assisted
many of its clients navigate the stormy seas of claims, tarnished reputations
and fractured business relationships by tracing assets and performing
related forensic tests. Our specialised skills and experience bring practical
and in-depth analysis to each assignment, uncovering and highlighting
relevant issues.
Our team is trained to look beyond numbers and interpret business reality.
By conducting detailed investigation and research, we can quantify the
subject of legal proceedings or shareholders dispute to support your position
in ongoing legal or arbitration proceedings.
Removal of cross border uncertainties
With the growing complexity of today’s international business environment,
we have become accustomed to supporting clients throughout the Middle
East and worldwide to settle disputes.
We work with the Baker Tilly International network, with a strong regional
presence, and reliable local knowledge for the jurisdictions in which your
business may operate.
-Asset Tracing & Realisation
- Assistance with Shareholder Disputes
- Company & Business Valuations
-Due Diligence Investigations
- Money Laundering Investigations
-Reconstruction & Analysis of Accounting Records
rough our involvement in Forensic Accounting
various assignments
spanning di erent industries, Our forensic team is available to private individuals and businesses where
we have the experience to circumstances need a responsive, independent advisor. Where fraud is
help you unravel complex suspected, we can examine personal or commercial financial data to
issues and arrive at solutions. minimise your exposure to further asset eradication. Our Group and its
advisors have worldwide supported medium size listed companies, small
Contact Us: private companies and high net worth individuals.
Mago JB Singh
Group Managing Partner Investigations
M: +971 50 462 5675
E: [email protected] Complex financial issues often demand timely and credible expert advice.
Adrian Mckay Baker Tilly JFC can support you to cope with anticipated disputes or litigation.
Partner - Risk Management We deal extensively with asset tracing and recovery as a result of a dispute,
M: +971 50 566 7841 false accounting, or professional negligence. We are familiar with the process
E: [email protected] of gathering and presenting evidence for use in court.
Valuations
Our specialists can support you in dispute resolution by rendering the true
value of the questioned assets. Valuations are frequently required to
determine the buy or sell price of a company’s shares or options, identifiable
intangible assets, and to resolve ownership disputes.
Commercial litigation
If you are involved in a claim for loss of profits, breach of warranty or any
other loss, Baker Tilly JFC can be engaged as a reliable third party to assist in
reaching a settlement or pursue your case at hearing. We combine
experience and core forensic skills in each inquiry and present findings in a
clear and consistent manner tailored to court procedures.
OUR STRENGTHS
-Careful Attention To Detail
-Open Communication
-Technical Excellence
-Sound Expert-led Advice
-Pro-active Responses
Neil Sturgeon Surya Narayana Krishna Moorthy
Partner & Group CEO - Assurance CEO & Partner(Sharjah & Northern Emirates)
M: +971 55 674 7342 M: +971 50 132 6812
E: [email protected] E: [email protected]
B.S. Mony Vijaya Kumar
Partner - Abu Dhabi Partner - Assurance
M: +971 55 964 2277 M: +971 55 470 5798
E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
It is essential to get an expert Information Technology
knowledge and advice for IT Consulting & Implementation
domain, so as to ensure Advisory
technology risks of your
organisation are well managed. Baker Tilly Infotech (a division of Baker Tilly JFC Group) a dedicated
Baker Tilly InfoTech determines IT Practice has a team of highly proficient and thoroughly experienced IT
e ectiveness of your experts with vast experience across the length and breadth of
organization in achieving peak Information Technology spectrum.
performance and growth. We understand the vital role IT plays in your business and the possible
Right technology implemented disastrous outcome it may have, if right IT systems are not in place. We do
properly, managed understand the anxiety & concern of promoter’s directors and managers
appropriately and monitored who invest in IT infrastructure but are not sure of the success and results
well, can lead to significant which is common in the private or public sector.
growth and e ciency of an Ideally the technology in your entity should support your current
organisation. requirements and be agile enough to adapt to future growth or change.
It is challenging to get the right By making the most e ective use of your IT systems, your business can
expertise & advice so to ensure respond quickly to shifting priorities and take advantage of new
your organisation doesn’t loose opportunities at home or abroad.
in terms of the money spent, but Baker Tilly InfoTech’s IT consulting team can help you identify the right
also in lost e ciency & potential financial and operational solutions to achieve your objectives, both current
regulatory infringements. and anticipated. ese systems include Enterprise Resource Planning (ERP),
You need to find the right IT Customer Relationship Management (CRM), Enterprise Performance
solutions that makes your Management (EPM), Business Analytics, Social Media, Enterprise Mobility,
organization more agile and Quality Management and Governance, Risk and Compliance (GRC)
highly adaptive to changing We o er truly independent recommendations and advice to help maximise
business needs & priorities, the e ectiveness of your IT systems – and the return on your investment.
enabling you to take advantage
of emerging business Baker Tilly InfoTech can help & advise you on:
• Building an e ective technology strategy that supports your business
• Auditing of your existing technology infrastructure;
• Assessing information and system security;
• Managing information more e ectively;
• Finding and evaluating new systems;
• Making your business project ready; and
• Successfully managing the implementation of new systems.
We have a proven track record in delivering global projects / programmes. We
operate on dual shore model both onsite and o shore. With onsite/near shore
and o -shore teams availability we optimize the investment and help our
customers achieve more with fewer investment. Our O shore Development
Center located in India, the world’s Technology Hub, supports our global
customer base most economically but e ectively and e ciently meeting their
business IT needs and requirements round the clock.
Service o ering of Baker Tilly InfoTech Governance, Risk and Compliance (GRC)
Our expert team & development center at Baker Tilly InfoTech can Information’s data and digital resources are one of the most
deliver the following specific solutions. important assets in any organization for which technology is
the key tool employed in the protection & management of
Implementation and Integration these assets, however our experience shows this tool is never
Services managed well.
Baker Tilly InfoTech can address your IT audit, risk and
Baker Tilly Infotech possesses an ideal combination of experience, compliance needs through structured and focused approach.
expertise, and latest knowledge of industry leading business
applications including Oracle, Hyperion, SAP, Microsoft, and IBM Software Development
Cognos to architect, implement, integrate, upgrade, migrate and
manage e ectively and e ciently for accelerated business Baker Tilly InfoTech o ers client-specific and customized
outcomes and splendid results. process-driven software solutions with exceptional quality,
on-time delivery, and at a ordable cost.
Managed Services
e development center in the Technology Hub of India created
Managing the high-end IT solutions such as ERP, BI and EPM by Baker Tilly InfoTech can ensure developing any software
Systems is not about just Cost Reduction or not merely about application or model thereof for the clients needs specific to their
reducing the cycle times. Enterprises seek to deliver business own requirements .
value and tangible benefits in order to have a competitive edge
over others while enhancing the satisfied user base to propel Enterprise Mobility
them to the next level. Baker Tilly Infotech is a new generation of
IT Service Provider having these core di erentiaters ingrained As organizations are taking their next step towards mobilizing
across rank and file of our resource pool. business functions, BakerTilly Infotech helps businesses in
extracting value of their current IT investments through smart
Business Analytics mobility solutions.
Analytics empowers businesses to leverage their data to derive Systems audit
insights for fact based timely business decisions. Baker Tilly
Infotech works with businesses in delivering cutting edge We o er a range of objective and independent assurance services
business analytics solutions on OBIEE & BI Apps, Business that will ensure your systems are operated in accordance with
Objects and Cognos. best practice.
Enterprise Performance Management Sta Augmentation
Baker Tilly Infotech can help business decision makers with Baker Tilly InfoTech’s Sta Augmentation services provide
insight into business performance through Oracle Hyperion suite organizations with direct access to experienced IT professionals
of EPM applications such as Financial Consolidation, Planning & having deep domain expertise and a broad array of technical
Budgeting, HDQM, Profitability and Cost Management. capabilities.
Contact Us:
Mago JB Singh Swamy Pentyala Arunabh Srivastava
Group Managing Partner CEO & Partner - Infotech Director - InfoTech
M: +971 50 462 5675 M: +971 55 644 8226 M: +971 55 675 7034
E: [email protected] E: [email protected] E: [email protected]
Adrian Mckay Hashem Abu Farah B.S. Mony
Partner - Risk Management Country Head (KSA) Partner - Abu Dhabi
M: +971 50 566 7841 M: +966 55 0131222 M: +971 55 964 2277
E: [email protected] E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Do you have an e ective Internal Audit - “Health Check”
Internal Audit function? e assurance functions throughout a company are
Is there a system in your
organisation to make a under increased scrutiny from Senior Management,
regular Health Assessment the Audit Committee and Regulators.
of your internal audit In an increasing regulatory framework and complex
function. business processes, organisations, more particularly
large and public interest entities and institutions are
e Health Check Tool, always vulnerable to such risks and thus need to have
developed by JFC Group can regular internal audit “Health Assessment”
give you an independent Typically any organisation with its internal audit
assessment of your Internal function in place, has to answer the following
Audit Department . . . questions:
How does your Internal Audit function
compare to best practices?
Does your Internal Audit function provide an
objective independent appraisal of your organisations
governance processes?
Have all significant risks been identified, assessed and
managed to a level agreed by the board?
Do su cient and e ective controls exist over all the
business of an organisations operations so to prevent
undesired exposures while ensuring the achievement
of business objectives, and as well to identify and
exploit opportunities?
Adopting Baker Tilly JFC What is the Baker Tilly Health Check?
Internal Audit Health Check
mechanism, you can be rest Drawing from our vast knowledge and experience our health check is
assured you are in designed to assist the Audit Committee and Senior Management to help in
compliance with the aligned answering these questions.
goals of your own audit Our assessment compares your organisation to leading practices such as:
committee.
Internal Audit Health Check Purpose, Authority and Responsibility:
of Baker Tilly JFC is your
passport for the compliance Does the Internal Audit Charter clearly define the purpose, authority and
assurance for the purpose, responsibilities of Internal Audit and is this communicated throughout the
authority and responsibility. organisation and does it meet the expectations of the stakeholders?
Contact Us: Process:
Does Internal Audit use leading edge practices, activities and tools to assess
the company’s governance, compliance and risk processes?
People:
Does the Internal Audit have the appropriate competencies and strategies to
plan and execute the audit activities?
Checklist:
Complete the fifty two page questionnaire from the Chartered Institute of
Internal Auditors entitled “Quality Assurance and Improvement Programme
- procedure and evaluation”. is document is a tool for assessing the quality
of internal audit. It enables a systematic comparison of the organisation,
management and practice of internal audit to the mandatory aspects of the
International Professional Practice Framework of the Institute.
Mago JB Singh Eyad Hussain
Group Managing Partner Country Head & Engagement Partner (Bahrain)
M: +971 50 462 5675 M: +973 33 9696913
E: [email protected] E: [email protected]
Adrian Mckay Hashem Abu Farah
Partner - Risk Management & Internal Audit Country Head & Engagement Partner (KSA)
M: +971 50 566 7841 M: +966 55 0131222
E: [email protected] E: [email protected]
Darek Solecki Samer Ali Hasan
Engagement Partner - Assurance, Advisory & Tax Country Head & Engagement Partner (Qatar)
M: +968 24 79 7441 M: +974 55 146826
E:[email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Islamic Banking & Financial Islamic – Shariah Compliance
Products are getting wider Services & Certification
acceptance worldwide as a
result most of the banking Baker Tilly in association with its partners & scholars in the Islamic products
institutions particularly from and research under certification and authority of the Shariah Compliance &
the west are switching to Governance Board could provide advisory for performing Halal and Zakat
Islamic Banking, as the Certifications for various Islamic Products & services as below.
demand is growing, hence Islamic finance, sometimes called Sharia-compliant finance, di ers from
the need for compliance. conventional finance in its adherence to certain fundamental economic
Baker Tilly acknowledging principles agreed upon by Muslim jurists. A key principle is that money has
the growing need of Islamic no intrinsic worth and cannot by itself create value. Consequently, interest
Financial Products has (Riba)—the giving or taking of any fixed, pre-determined rate of return on
aligned itself with financial transactions—is prohibited. In addition, Islamic finance requires
specialized consultants, that transaction risks be shared by all parties. Consequently, Sharia
scholars and peers and as a encourages wealth creation through trade and equity participation in
consortium we o er to our business activities.
clients worldwide Advisory In accordance with Islamic law (sharia), Islamic financial products are based
services including on specific types of contracts. ese Sharia-compliant contracts support
certification for the various productive economic activities without betraying key Islamic principles as
Sharia based Islamic some conventional financial products do. Sharia-compliant contracts cannot
(Financial) Products. create debt, cannot involve the payment of interest, and must provide for a
sharing of risk and responsibility between the involved parties. On these
principals we provide service for the following products.
Mudaraba: One party gives money to another party, which invests it in a
business or economic activity. Both parties share any profit made from the
investment (based on a pre-agreed ratio), but only the investor loses money
if the investment flops. e fund manager loses the value of the time and
e ort it dedicated to the investment. (However, the fund manager assumes
financial responsibility if the loss results from the firm's negligence.)
Musharaka: is contract creates a joint venture in which both parties
provide investment capital, entrepreneurial skills, and labor; both share the
profit and/or loss of the activity.
Murabaha: In this cost plus contract, an Islamic financial institution sells a
commodity to a buyer for its cost plus the profit margin, and both parties
know the cost and the profit in advance. e buyer makes deferred
payments.
Salam: In this forward contract, the buyer (or an Islamic financial
institution on behalf of the buyer) pays for goods in full in advance, and the
goods are delivered in the future.
Istisna: is second type of forward sale contract allows an Islamic
financial institution to buy a project (on behalf of the buyer) that is under
construction and will be completed and delivered on a future date.
Wadia: A property owner gives property to another party for the purpose
of safeguarding. In Islamic banks, current (checking) accounts and savings
accounts are based on the wadia contract.
Hiwala: Debt is transferred from one debtor to another. After Jualah: It is contract to perform a given task against a prescribed
the debt is transferred to the second debtor, the first debtor is free fee (in a given period). e services of real estate agents are a good
from her obligation. is contract is used by Islamic financial example. For example, someone places his house for sale with a real
institutions to remit money between people. estate agent, say within three months. If the real estate agent is able
to sell it, he gets an agreed commission.
Kafala: A third party accepts an existing obligation and
Takaful: A type of Islamic insurance, where members
becomes responsible for fulfilling someone’s liability. In
conventional finance, this situation is called surety or guaranty. contribute money into a pooling system in order to guarantee
each other against loss or damage. Takaful-branded insurance is
Rahn: A property is pledged against an obligation. A customer based on Sharia, Islamic religious law, and explains how it is the
responsibility of individuals to cooperate and protect each other.
can o er collateral or a pledge via a rahn contract in order to Takaful insurance companies were introduced as an alternative
secure a financial liability. to commercial insurance companies, which go against the riba
(interest), al-maisir (gambling), and al-gharar (uncertainty)
Ijarah (Leasing): is is a lease contract wherein the Bank principles, that are outlawed in Sharia.
(lessor) leases the property to the customer (lessee) in return for Halal Compliance Certification: A written declaration /
a rental payment for a specified financing period. e Bank
promises to transfer the title of the property to the customer at Certification (Fatwa) by the approved Halal Certification Body,
the end of the financing period, if all payments have been made. stating the product is Halal and fit for Muslim consumption
Ijarah is an e ective and practical financing tool allowing anywhere in the world, based on auditing process performed by
businesses to acquire their equipment and machinery through the Halal Certification Body. is certificate ensures that the
leasing, instead of outright purchase, thus reducing the heavy product is Halal (Divinely lawful) and Tayyab (pure, wholesome,
burden of capital expenditure and safe).
Sukuk: Sukuk is an Islamic bond issued often by Bank. Sukuk Zakat Certification: Zakat is an obligatory act ordained by
has similar characteristics to a conventional bond, the di erence Allah ( e Glorified and Exalted) to be performed by every
being that it is asset-backed and represents proportionate Muslim. It is an important pillar among the five pillars of Islam.
beneficial ownership in the underlying asset. e return on the Zakat is a part of the wealth and property that Muslims must pay
Sukuk derives from the yield generated by the client’s lease of annually, to help the poor of their community. Ministry of
the asset. Dubai Islamic Bank is an international leader in Sukuk Finance will issue the Zakat Certificate upon the successful
management, covering assets from aircraft to property. registration.
Baker Tilly JFC Group in consortium with the qualified Islamic
Wakalah: Wakalah is a contract whereby somebody (principal) Scholars and Shariah experts help in the assessment of deal to
deal and case to case basis the test of compliance for the
hires someone else to act on his behalf i.e. as his agent for a achievement of true and correct values for the above products in
specific task. In the case of a financial wakalah contract, clients strict compliance of the Shariah law.
give funds to the bank/company that serves as their investment You can trust our resources, knowledge and expertise to assure
manager. e bank/company charges a predetermined fee for its you that the deals you are in or planning to enter into, meets the
managerial services. Entire profit or loss is passed back to the principles of Islamic Financing & Shariah Compliance.
fund providers after deducting such a fee. is contract is used by
some Islamic banks to manage funds on an o -balance sheet
basis.
Contact Us:
Mago JB Singh Hashem Abu Farah Samer Ali Hasan
Group Managing Partner Country Head (KSA) Country Head (Qatar)
M: +971 50 462 5675 M: +966 55 013 1222 M: +974 551 46826
E: [email protected] E: [email protected] E: [email protected]
Adrian Mckay Eyad Hussain Meharban Singh
Partner - Risk Management Country Head (Bahrain) Partner - Advisory & Consulting
M: +971 50 566 7841 M: +973 33 9696913 M: +971 56 991 2073
E: [email protected] E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
e world has become a Naturalization for Investors
global village in the current Resident permit programme
technology age, as a result EB-5 Immigration programme
more and more people are of United States
getting attracted to the
sophisticated life style of the More and more countries including North America, Europe and Australia are
western world and thus they offering wealthy individuals and the high caliber qualified and skilled
look towards ways and executives an easy migration to their countries.
means to migrate to
countries which they Every year millions of people largely from Asia besides Middle East, Africa
can a ord. are making their way to the western world in order to have their permanent
We can help and guide you residency and ultimately the citizenship for the country of their choice.
plan your immigration,
permanent residency, dual Baker Tilly JFC group working in close association with its associate firms,
citizenship as well advise on within its own network as well with other professional immigration
the taxation, capital gains, consultants offer various options to qualified individual and businesses in
property investments organizing their naturalization, permanent residency, temporary work
related to the investment permits, including investment based naturalization programme,
based immigration government sponsored bond and investment schemes besides preferential
programme o ered by employment based immigration programme.
various countries.
Baker Tilly partner firms in United States, Canada, Cyprus, Greece,
Portugal, Malta, and Australia as a consortium offer tailor made solution for
high net worth individuals and the businesses. To stand eligible and prepare
application/proposal for getting permanent residency and virtual
qualification to get their citizenship including spouse and family members,
Baker Tily JFC provides single window solutions.
Within our group we have specialized team spread in Europe, North America
& Middle East to provide perfect solutions to those who opt to either obtain
permanent residency simply for a visa free (on arrival) travel across Europe
and the rest of the western world or for those who plan to migrate and settle
permanently and to establish their business or seek employment under
qualified skilled shortage programme or other government support
programmes for such categories.
Baker Tilly team of expert immigration Some of the qualified programmes
consultants, lawyers & business advisors can for the permanent residency includes:
assist in getting the following.
- Naturalization for investors by exception in Cyprus
- Advising on the whole process of submission including - Permanent residency in Greece through realty investment
filing, assistance - Permanent residency via Cypriot residency programme
- Investor visa and residency for the United Kingdom
- Intermediary services for acquiring where applicable - Green card and permanent residency for Denmark migration
qualified property as investment - Malta citizenship programme via investment/grant/donation
- EB-5 under immigration 5th preference visa category
- Assistance in getting investments in shares, bonds of the
sovereign state investment companies, treasury bills under of the United States
naturalization investor scheme - Investor and point based immigration assistance for Canada
- Quick second passport programme of Caribbean
- Answering possible queries from the immigration
o ce during process countries under grant donation and investment scheme
- Drafting of the required documents, application forms, In the United States under EB-5 programme an
annexures including legalization and certification from expert team of the advisors based out of Chicago
various agencies, embassies can help finalize the entire process upto the
qualification. is includes:
- Submitting and monitoring the application for permanent
residency with the respective government - Performing due diligence on each transaction to o er
projects to investor that reasonably ensure job creation
- Acting as a point of contact, liaising with government and financial feasibility.
authorities and immigration o ce during the process of
review, selection & approval. - Bring local knowledge and experience to each transaction;
all projects presented would be from experienced
Following on the economic meltdown after the global financial sponsors having established track record
crisis (GFC) many of the European countries including the United
Kingdom have drawn schemes to attract investments and - Coordinate the investment process and provide trusted
enterprises by o ering investment based immigration to support assistance throughout the investment period to the investors
their ailing economies. e programme has worked well both for
countries and individuals alike and in particular helped the e independent due diligence under EB-5
countries in terms of liquidity, employment besides boosting the programme assist the investors for thorough
economy. analysis and which includes:
Most of the European countries more particularly East & Central
European countries have come up with permanent residency - Review the investment o ering materials
which eventually allows the incumbent migrant to get the - Analyze the business plan
citizenship subject however to meeting the conditions of - Perform background checks on the management team
respective countries plans. - Interview references
Barring a few nationalities, citizens from most of the countries - Review the claims regarding job creation
around the globe are welcome to take the benefit of these - Verify important claims made by the investment sponsor
immigration schemes. Many of the countries have a
prequalification requirement for a compulsory investment in and their agents
their real estate to be eligible for permanent residency.
Contact Us:
Mago JB Singh Michael Fitzpatrick Adam Grinde
Group Managing Partner Partner Transactions Partner - Intl. Services
M: +971 50 462 5675 T: +1 608 240 2609 T: +1 312 7298323
E: [email protected] E: [email protected] E: [email protected]
Adrian Mckay Andreas Hadjinicolaiu Donald Sant
Partner - Risk Management Director Transactions Managing Partner (Malta)
M: +971 50 566 7841 M: +357 97877976 M: +356 20109500
E: [email protected] E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Challenging times require Payroll and Human
business operators Resource Services
worldwide to reduce
transaction costs. With our help, you can stay focused on core HR functions like talent
Baker Tilly JFC o ers payroll management and retention, succession planning and change management.
and related human resource Outsourcing is a proven strategy in achieving e ciency. Our talented
services, allowing you to professionals have the resources and skills to facilitate your human resource
reduce cost without management.
compromising quality or
e ciency. How we can help you improve e ciency
Payroll
Our payroll outsourcing services relieve clients of the administrative and
regulatory compliance burden in the respective countries of the practice area.
Monthly payroll is calculated using our developed and client tailored HR
program. Based on information provided by you, mandatory reports
including forms required by the Tax Department (Including Zakat &
Insurance Services) are generated together with remittance statements and
sta control sheets.
In addition, our HR program can generate reports which assist in manpower
planning and budgeting to facilitate better cost control. Our team is well
versed in the fine details of the requirements of the respective government
and regulatory authorities in the ME region, thus providing value added
services to our payroll clients. We follow strict guidelines on the handling of
sensitive and confidential employee data, ensuring compliance with the
Personal Data (Privacy) Policy of Client and the country of origin.
- Payroll Services
- Selection & Recruitment
- Termination
- Visa Applications
- HR Internal Audit
Basic coverage includes:
-Monthly payroll and the calculation of contribution to social security fund
-Preparation of contribution and remittance statements
and monthly pay-in slips as required
- Preparation of an interface file to bank for auto-pay via WPS
-Filing of various Employer’s Returns
-Compliance with the employment rules and regulations of
the Ministry of Labour & minimum wage requirements
- Calculation of long service severance payments
We eliminate concerns over high sta turnover in the HR Division, the
need for investment in HR software and the challenge of monitoring
continuous changes to the Ministry of Labour rules and Free Zone
Regulation Acts.
Recruitment and selection
We can help your company Selecting the right people for senior positions is crucial to business
streamline your human performance. Recruitment is your first step to success.
resource requirements, thus Our top priority to fulfil our client’s strategic needs is in identifying the best
allowing HR practitioners to candidate to fit the position o ered. We specialise in accounting and
focus on their core finance, executive management and administration.
competencies. Our recruitment service package covers the following:
- Drafting job advertisements
Contact Us: - Insertions in appropriate media
Mohammed Zakir Quraishi - Initial screening
- Providing a short list of candidates for client selection
Partner - Business Consulting - Conducting first interview with selected candidates
M: +971 55 854 2346 - Arranging second interviews for client
E: [email protected] -Negotiating and communicating o er
Mohammed Al Khatib
Sr. Director - Taxation & Advisory Termination
M: +966 50 5279632
E: [email protected] When an exit is proposed, it is vital that management communicate the
message tactfully. It is equally important that the final compensation
payment is calculated in accordance with the Ministry of Labour rules and
regulations.
We have 30 years of experience assisting clients with di cult HR scenarios.
Our professional input on the severance of senior sta has been the subject
of favourable client comment on a number of occasions.
Adeem Mirza Aakriti Mago
Head - Accounts & Outsourcing Associate Director - Advisory & Intl Relations
M: +971 55 216 6829 M: +971 55 676 0893
E: [email protected] E: [email protected]
Samer Ali Hasan Eyad Hussain
Country Head (Qatar) Country Head (Bahrain)
M: +974 55 146826 M: +973 33 9696913
E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
TIFIED CIRTI
CIRTIFIED
FIED C
FIED C
CIRT IRTIFIED Quality Standard Certification
& Advisory Services
CIR
IFIED CIRTI e importance of certification for ISO, TQM, GMP, GIP is growing day by day
CIRTIFIED due to the global adoption. International Standards are strategic tools and
guidelines to help companies tackle some of the most demanding challenges
IRTIFIED of modern business. ey ensure that business operations are as e cient as
possible, increase productivity and help companies to access new markets.
Process standardization and
Methodology not only helps A number of studies have identified significant financial benefits for
an organisation getting organizations certified to ISO. In a survey from the British Assessment
certified but provides tools Bureau showing 44% of their certified clients had won new business. Another
for the better understanding survey showed that certified organizations achieved superior return on
and management of the assets compared to otherwise similar organizations without certification.
enterprises by the owners Most of the entities in the international markets would prefer to trade with
and managers. the entities holding ISO certification
Baker Tilly not only helps
you prepare for getting in ISO has developed materials describing the economic and social benefits of
total compliance of the standards depicted in the ISO Materials. ey are intended to be shared with
stringent needs of the decision makers and stakeholders as concrete examples of the value of
certification bodies and standards.
agencies but also takes you
along to develop the success Some of the important benefits of ISO certification include:
of your enterprise following
industry and global • Cost savings - International Standards help optimize operations
and therefore improve the bottom line resulting in increase in
quality of products and services, productivity and e ciency.
• Enhanced customer satisfaction - International Standards
help improve quality, enhance customer satisfaction and increase sales
• Access to new markets - International Standards help prevent
trade barriers and open up global markets
• Increased market share - International Standards help
increase productivity and competitive advantage
• Environmental benefits - International Standards help reduce
negative impacts on the environment
International Standards bring technological, economic and societal benefits.
ey help to harmonize technical specifications of products and services
making industry more e cient and breaking down barriers to international
trade. Conformity to International Standards helps reassure consumers that
products are safe, e cient and good for the environment.
Baker Tilly JFC Group, having expertise in various Certification Advisory
services, o ers comprehensive ISO, TQM, GMP, GIP consulting training and
certification services throughout United Arab Emirates and Middle East. We
are acknowledged for providing ISO consulting services with a global
experience through our o ces in GCC as well in the wider Middle Eastern
region. While carrying the certification services we also provide ongoing
customer support, helping the businesses maximize e ciency via our
professional team who work closely in consultation with the Company. Our
business management expertise and integrity are the key reasons for
choosing Baker Tilly to fulfill the above Certification requirements.
Baker Tilly certification We provide services in Abu Dhabi, Dubai, Sharjah & Northern Emirates
advisory services for ISO, besides our o ces in the GCC countries as well in the rest of the Middle
TQM, GMP, GIP and alike Eastern Countries. Our services are inclusive of the following
along with training and
post implementation - ISO, TQM, GMP, GIP Consulting
audits help you get - Certificate Consulting
certified promptly. While - Training
carrying the certification - Implementation
services we are part of - Audit services
your team, providing
customer support, We understand the requirement of a well-developed ISO quality system to
helping entrepreneurs customize your business requirements. With years of experience in ISO
maximize e ciency. Our consulting, we have developed a methodology that o ers you better quality
business management consulting services at value for money and assured a ordability.
team and its integrity
makes Baker Tilly a Our Methodology
perfect choice as an
Advisory Support for Following is the step by step methodology implemented for
certification. processing the ISO, TQM, GMP, GIP Certification
• Understanding the need and identifying the suitable Standard
Certification that is required.
• Detailed Proposal specifying the cost and time involved in
entire certification process
• Assigning the dedicated assessment team to carry on the initial
formal assessment to identify any omissions or weaknesses that
need management attention, evaluate the system compliance
and implementation and determine system e ectiveness.
• Providing the required training to the sta and bring understanding
and awareness among them about the complex certification procedure
• Carrying the complete cycle of internal audits and submitting the
report for a formal management review.
• Ensuring all the pre-identified weaknesses in the system have
been e ectively corrected.
• Providing the ongoing assessments to support constant
improvement activities until attaining the certification
• Preparing documents clearly outlining the scope of the
certification to submit to the ISO and other certifying agencies
• Recording and preservation of data and document control
Contact Us: Adrian Mckay Salman Sajid
Mago JB Singh Partner - Risk Management Executive Director & ICV Practice Lead
M: +971 50 566 7841 M: +971 55 231 9673
Group Managing Partner E: [email protected] E: [email protected]
M: +971 50 462 5675 Hashem Abu Farah
E: [email protected] Country Head (KSA) Samer Ali Hasan
Swamy Pentyala M: +966 55 0131222 Country Head (Qatar)
CEO & Partner - InfoTech E: [email protected] M: +974 55 146826
M: +971 55 644 8226 E: [email protected]
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Baker Tilly JFC’s specialised Restructuring and Recovery
division for Restructuring and
Recovery is one of the Identify Your Options
leading practices for
restructuring, reorganisation, Should you find your business in a vulnerable situation, you are not out of
recovery and insolvency in options.
the Baker Tilly JFC Group’s restructuring team is ready to step in and take control
region. Our expertise allows of the situation. Our specialists have over 35 years of experience in providing
us to handle sensitive corporate advisory services in the area of restructuring, recovery,
situations in the Middle East reorganisation including insolvency support to local and international
region and beyond with clients. We will draw on the firm’s expertise and depth of knowledge, to
provide you with a timely and cost e ective solution.
Wide Range of Experience
In 35 years of service, we have assisted several companies to preserve or
streamline their operations. ese clients are from the various sectors,
including but not limited to:
- Energy & Natural Resources
- Construction & Real Estate
- Financial Services
- Education
- Infrastructure
- Manufacturing
- Retail
- Leisure & Hospitality
- Media & Technology
- Transport & Logistics
We have extensively worked along with our member firms within the global
network and the experience within the network for large and publicly listed
entities, on cross-border and high profile assignments is available for:
- Corporate Restructuring
Structure Planning and Strategy Turnaround
- Insolvency Services
Liquidation, Representation & Receiverships
- Special Investigations
- Business Valuations
- Cash flow Forecasts and Business Plans
Rapid industrialisation and Distress Situations & Turnaround
active competition in the
market place drives many At Baker Tilly JFC, our multi-disciplinary team understands and provides
organisations to wrong comprehensive analysis and strategic options to distressed or under
direction leading towards over performing businesses taking wider perspectives.
leveraging and then non Each assignment we undertake is unique, and we strive to maximise results
performing. At JFC group our in every case. Our solid track record in project management demonstrates
specialised team helps that we have the capacity to conceive innovative solutions and deliver
entrepreneurs, lenders and completion of service. e commitment, coupled with our cross jurisdictional
banks alike in crystalising experience, is how we help business in financial and managerial di culties to
these non performing assets. arrive at e ective remedies.
The hallmarks of our
restructuring service is our Corporate Debt Restructuring (CDR)
commitment, speed of
delivery and con dentiality. We specialise in delivering solutions to those companies which are debt
ridden due to their past massive expansions and diversifications but are
currently unable to serve their debt to their lenders.
rough our vast experience dealing with sick and under performing
companies which are otherwise potentially viable however are struck due to
paucity of funds and non performing of their debt obligations. We plan the
restructuring of debt including reclassification in to medium and long term
loans and cash flow based restructuring of debt.
International Coverage
Our specialization lies in the Middle Eastern and Asian markets for these
services, however through the network of the firms across the Globe we are
able to help companies in restructuring their operations in any part of the world.
OUR STRENGTHS
- Technical excellence
- Resourceful and competitively priced
- Customised solutions and reporting time lines
- E ective critical analysis
Contact Us:
Mago JB Singh Robert Knowles Darek Solecki
Group Managing Partner Partner - Consulting & Advisory Engagement Partner - Assurance, Advisory & Tax
M: +971 50 462 5675 M: +971 55 231 9675 M: +968 2479 7441
E: [email protected] E: [email protected] E: [email protected]
Adrian Mckay
Partner - Risk Management Khizer Abbas
M: +971 50 566 7841 Associate Director - Corporate Finance, Debt Syndication
E: [email protected] M: +971 55 109 4942
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Baker Tilly JFC Group Risk Advisory and
provides integrated business Corporate Governance
solutions by combining
internal audit, corporate At Baker Tilly JFC our focus on continuous improvement allows us to deliver
governance, risk advisory, quality advisory services. We assist you in improving your business to
internal control and achieve better e ciency, e ectiveness, control, fraud mitigation and
regulatory compliance governance.
services to complement our
established audit, assurance Baker Tilly JFC has developed an advanced internal audit approach. Our
and taxation practices. methodology is well designed to adapt to your existing process and
provide ideas to augment this when so requested, or may apply our own
e high performance methodology where appropriate.
standards for internal control
reviews enable us to adjust to As risk practice experts you may rely on Baker Tilly for the value added
the scale of client needs services in the following specific domains.
without either over - review
or under-review. Mitigating Risk and Managing Value
We deliver proactive and We bring you:
constructive solutions to
enhance your internal • Practical cost e ective internal control improvements.
controls. Our team of • Comprehensive & in-depth control documentation & assessment in
dedicated professionals
ensures continuity and Corporate Governance – internal control review assignments and
accountability in the service regulatory compliance projects.
we provide you. • COSO based framework for internal audit & risk management.
• Productivity & e ciency in service delivery using tools & methods
• An Internal Audit & Risk Advisory practice adhering professional
standards of the Institute of Internal Auditors and the Information
Constructive Evaluations
Internal Controls & Independent Appraisal
Baker Tilly JFC’s internal control framework developed and used extensively
across the board in various engagements, follows standards established by
the Institute of Internal Auditors and other relevant internal control
frameworks, where relevant to specific assignments. We provide an
independent appraisal of the business unit by examining and evaluating the
adequacy and e ectiveness of the internal control structure. We furnish
owners with recommendations, appraisals, analysis and other information
concerning the activities reviewed.
Your Service Team
Baker Tilly JFC is amongst the select few firms in the Region operating as a
one single firm across all o ce locations, within Middle East with dedicated
Internal Audit and Risk Advisory practice. e team is driven by experienced
personnel with significant expertise covering various industries and
geographies with experience and exposure of the Middle East Region.
Internal Audit Services Corporate Governance Advisory
Services
Our Auditors concentrate on how well the organization
maximizes its resources and accomplishes strategic goals and Good corporate governance (CG) is the key to the growth and
objectives. e focus is more in helping organizations achieve success of any business. It is essential for businesses to operate
long-term strategies rather than short-term compliance. We smoothly, to be safe with the knowledge that their employed
align the audit process to the business process and identify the internal controls are e ective, ensuring stakeholder
underlying root cause of problems and not just their e ect, as accountability and complying with regulatory frameworks.
well as making practical and workable recommendations. Baker Tilly JFC Group at its own as well as employing the
expertise of its associate partners, who enjoy the authority on CG
Baker Tilly JFC Group can also provide an independent Quality and could provide consultation to boards, audit committees and
Assurance Review of your existing internal audit function; management so as to strengthen their organization’s corporate
establish a new Internal Audit function with roles, responsibilities, governance frameworks and help them implement best
Charters, manuals and methodologies; perform one o exercises practices.
where the organization has insu cient technical resources or
provide additional Risk focused resources sta . Information Technology Audit Services
Enterprise Risk Management Services Baker Tilly JFC can assist organizations in improving their
information technology infrastructure and in implementing and
Baker Tilly JFC can provide guidance to develop and implement assessing information technology controls.
an enterprise risk management program to pro actively manage By using proven tools and analysis with professionals those who
the risks and opportunities across the organization and to understand the business implications of information technology,
provide objective assurance to the board on the e ectiveness of we can provide an e ective check on the health of your
risk management. Information Technology System.
Within our group we have a dedicated Information Technology
Fraud and Investigation Services Practice, Baker Tilly InfoTech and by using their expertise a more
detailed assessment on the Audit of your IT system could be
At Baker Tilly JFC we help clients mitigate the risks, costs, and performed.
e ects of fraud, abuse, and corruption. We provide independent
fraud and forensic services to organizations with exposure to Compliance Services
business disputes, fraudulent activities and allegations of
financial misconduct. Increasingly with the application of various regulations &
promulgation of laws frequently in a foreign land one would like
Policies and Procedures Preparation to know if an organisation is in compliance and adherence to the
applicable laws, rules & regulations. Baker Tilly JFC Group can
For every successful organisation they need to be process driven assist companies in assessing the level of compliance with
which must be documented and well laid based on which the applicable rules and regulations by developing detailed checklists
whole control of the organisation remains. Baker Tilly JFC Group and checking adherence and issue certification for the same.
can help you document your processes as per your business As an ongoing assignment we do conduct and thus can perform
working environment and then prepare policies and procedures an annual Anti - Money Laundering reviews for the
for the di erent segments and functions of the group keeping in
mind the specific and individual needs of the organisation
employing however best industry practices and in accordance
with best practises and process maps using Visio.
Contact Us:
Mago JB Singh Adrian Mckay Saleh Hussain
Group Managing Partner Partner - Risk Management Associate Partner
M: +971 50 462 5675 M: +971 50 566 7841 M: +973 39 603738
E: [email protected] E: [email protected] E: [email protected]
Bader Kamal
Country Head (Bahrain)
M: +973 39403366
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
Whether you are new to the Small Beginning, Big Success
market or running your own
business, you can rely on Now that you have established & obtained a license to run your business
our knowledgeable advisors whether a trading, manufacturing or services, you have created a Permanent
to bring a pragmatic view to Establishment PE whether a LLC, Free Zone Company or branch of Foreign
your personal and business company in the region, your endeavour would be to develop your company.
finances. Every successful SME experiences growing pains. Your readiness depends on
Baker Tilly JFC brings the calibre of your mentors and advisors. As a start-up you want to work with
together the right skills professionals who have the capability and expertise to look after the
from a range of specialists mandatory and compliance requirements while you focus on the operational
to work as a team to and marketing aspects of your business venture.
eliminate uncertainty and Baker Tilly JFC can add value through enhancing business performance and
develop your business. working with you, side by side, to deal with the complex challenges and
opportunities in today’s fast changing commercial landscape. We can o er
advice on questions such as:
Do you have a thorough understanding of your
market and the investment environment?
When will your venture require capital injections?
Does your current corporate structure maximise
benefits for your entity in the long run?
Are you preparing proper cash flow forecasts?
Have you taken full advantage of local and/or international tax
concessions available to you and your company?
How will the addition of new investors a ect your operations?
Are you e ectively controlling costs?
What will you be doing with your profits?
Have you anticipated associated risks, and
how you would mitigate them?
How will you attract and manage talent for
your growing company?
How do you plan to exit, and when?
Building Your Future - Together Corporate Services
Baker Tilly JFC Group's experience and journey of 35 years, • Incorporation • Bank accounts • Company secretary
would help you in your growth & success journey. Even though • Registered o ce
today we are a leading middle-market practice, we have however Our knowledgeable professionals can assist in the establishment
retained our ability to understand what small businesses truly of new companies in the mainland or where applicable in Free
need and thus develop close and personal involvements. Trade Zones, as well as the ongoing corporate maintenance of
new or pre-existing companies. We help establish your banking
With over 300 professionals on board including partners, operations, provide secretarial services and registered o ce
directors, senior executive and members of the sta , we at JFC services.
Group have the bandwidth expertise and resources to meet the
challenges faced by our clients, regardless of their size or Intellectual Property Protection &
industry or geographic locations. Registrations
Areas of support • Trade Mark, Copy right, Logo Registration
Payroll and Human Resource Services As a start-up while promoting your company's product and
brand, often you forget or don’t care to protect your most
• Payroll • Visa applications / Transfers • Recruitment valuable asset your own Brand. Baker Tilly JFC Paralegal
Our payroll outsourcing services relieve you from the advisory services specialises in protecting by registering your
administrative burden of regulatory compliance in the Middle Logo Patents Trademarks brands copy rights and digital assets
East region. Using our sophisticated HR program, we o er including long term registration of your domain names.
comprehensive payroll services, including WPS set-up and
processing, resident/visit/mission visa and work permits. Audit, Assurance & Accounting
Taxation • Statutory audits • Financial statements • Valuations
• Bookkeeping • Financial reporting support • MIS
• Corporate structures • Tax planning • Corporate, individual Annual audits are a legal / banking/management requirement for
& zakat tax returns every incorporated entity / company. During the audit process, we
E ective tax management plays a crucial part in the financial review & assess internal controls analysing financial performance
well-being of stakeholders. Our specialists will ensure that you and communicate practical recommendations for improvement.
receive timely local and international tax advice in order to
obtain real cash savings. We o er a cost-e ective, customised and scalable service that fits
the needs of your business. You can be rest assured that
timeslines would be met for your deliverables.
Contact Us: Muhammad Quraishi Eyad Hussain
Mago JB Singh Partner - Business Consulting Country Head (Bahrain)
M: +971 55 854 2346 M: +973 33 9696913
Group Managing Partner E: [email protected] E: [email protected]
M: +971 50 462 5675 Hashem Abu Farah Derek Solecki
E: [email protected] Country Head (KSA) Engagement Partner - Assurance, Advisory & Tax
Samer Ali Hasan M: +966 55 0131222 M: +968 2479 7441
Country Head (Qatar) E: [email protected] E: [email protected]
M: +974 55 146826
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
With our tax specialists as Taxation Services
your advisors, you benefit
from our thorough For many years Baker Tilly JFC has been at the forefront of taxation
knowledge of the tax developments in the region. Hence we have developed particular
practice in the Middle East specialisations drawn from serving our diverse client base.
region and international tax We o er a full range of year-round taxation services both local and
laws combined with a sound expatriate for personal and business clients. Whether you require routine
understanding of your annual compliance for your business or specialised advice to support your
marketplace. Our integrated strategies, we will plan for and identify issues that address your situation as
approach delivers significant a whole, allowing you to make informed decisions.
improvements even to the
most complex tax Savvy Planning at Every Level
assignments.
You can expect Baker Tilly JFC to minimise your taxes by formulating
bespoke solutions based on your unique circumstances. All our taxation
services begin with a starting point for maximising of real value for your
taxation.
Our advisors will become familiar with your objectives and finances, and will
work in anticipation of your needs. We will help you identify alternatives,
understand the commercial considerations, and structure transactions in a
way that achieves your objectives. Our proactive expert-led team will work
closely with you and provide the assurance of meeting all tax compliance
responsibilities in an accurate and timely way.
With an established tax practice across our all o ces , Baker Tilly JFC has
extensive experience in advising on optimal investment structures in the
Middle East Region in relation to group structures and trust establishments.
By o ering pragmatic advice, our experts help minimise your overall tax
exposure.
- Preparing Personal / Corporate Tax Computations
- Pre-migration Tax Planning for individuals
- Zakat Computation Advisory & Assessment
- Innovative employee remuneration solutions
- E cient Tax Planning for Companies & Groups
- Pre-listing structures and their
International Tax implications
- Pursue objectives and tax disputes cases
with the Tax Authorities up to Appeal Level
- Tax field audit and investigation cases,
cross-border and back duty issues
- Negotiation of compromise agreements for
corporate and individual clients with the Tax
Authorities in di erent jurisdiction.
Multinational Corporations & Worldwide Tax Savings
International Companies
with global tax obligations Baker Tilly JFC has the resources, experience, and in depth knowledge to
needs a perfect tax strategy o er a full range of compliance and tax planning services both local and
to plan e ciently their international.
taxes. JFC Group Our tax faculty comprises internationally trained and experienced
compliments their needs as professionals, supplemented by input from the extensive Baker Tilly
one single source to advise International network worldwide. With the support of our member firms with
them on e ecient tax in our network, the world’s 8th largest accountancy and business advisory
structure and compliance network worldwide, we ensure that tax structuring and outcomes in di erent
within the region and jurisdictions are complimentary rather than adversary.
We specialise in creating Tax e cient solutions for international companies
Contact Us: more particularly from western world where the worldwide income is
taxable. Our focused knowledge on tax treaties between various countries
and special status neutral countries and islands drives us to create perfect
legal solutions for the tax planning.
Proficient Tax Solutions
Baker Tilly JFC can help you plan a tax-e cient approach to every aspect of
your interests in the Middle East. We maintain a close working relationship
with Baker Tilly member firms to advise on corporate, indirect and personal
taxes. Our advice helps in reducing the e ective tax rate, removing tax
uncertainties, and achieving value through real cash savings.
Our tax specialists have been involved in assisting a number of sizeable
companies achieve their business aspirations in the Middle East region, while
aligning with the overall group and parent company tax strategies.
We provide solutions for both direct as well as indirect taxes. Our global
expertise for the VAT and other indirect taxes including taxes on internet
based sales including VAT refund is unique for our clients.
Mago JB Singh Derek Solacki
Group Managing Partner Engagement Partner - Assurance, Advisory & Tax
M: +971 50 462 5675 M: +968 2479 7441
E: [email protected] E:[email protected]
Neil Sturgeon Eyad Hussain
Partner & Group CEO - Assurance Country Head & Engagement Partner (Bahrain)
M: +971 55 674 7342 M: +973 33 9696913
E: [email protected] E: [email protected]
Osama Nobani Samer Ali Hasan
Sr. Director - Taxation & Zakat Country Head & Engagement Partner (Qatar)
M: +966 50 443 0237 M: +974 55 146826
E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
O shore Companies, Trust, UAE as an alternative
Foundation, Special Interest o shore center for planning
holdings, O shore Banks your o shore Cos. Trust and
and alike are the expertise Foundation.
of the Baker Tilly team. Our
experience in the Many countries, territories and jurisdictions have o shore financial centers
structuring of these layers (OFCs). ese include well-known centers like Switzerland, Bermuda and the
for the protection of our Cayman Islands, British Virgin Island and less-well-known centers like
clients ranks us apart. Mauritius, Dublin and Belize. e level of regulatory standards and
Baker Tilly with the Global transparency di ers widely among OFCs
presence of its own o ces Conducting business and undertaking banking transactions in the name of a
in most of the o shore legal entity, such as an o shore corporation, provides significant privacy and
jurisdiction and the confidentiality benefits. e names of the o cers, directors and
knowledge of vast and shareholders can be excluded from the o shore company's documentation
varied team of professionals in many jurisdictions. Most o shore financial centers will not divulge the
from international tax names involved in the o shore corporations, specifically the owners’ names,
perspective, is at hand when to a third party or foreign government unless an act of criminal activity or
you consult us for your terrorism has taken place and is being investigated
o shore structuring An O shore Company o ers numerous benefits to an existing business or to
including trust, foundation an individual on a multitude of levels. Overseas company formation can
or the legal support. provide a wealth of benefits: o shore asset protection, confidentiality,
enhanced privacy, tax savings or simply growing your business outside the
territory. ere are, however, a number of pitfalls to bear in mind while
choosing the right jurisdiction or o shore financial center to form a
company. e o shore location must suit the nature of transaction, and
careful consideration and advice is paramount.
Baker Tilly with its specialized team handling this division is proficient in
advising on the selection of OFCs. Our o shore company formation services
are expertly tailored to suit the needs of our clients. We are specialists in
company incorporation since we have over 30 years’ experience in all
elements of o shore businesses. erefore our highly qualified team of
company formation agents know every aspect of international services from
o shore banking to o shore trusts.
Baker Tilly JFC Group is well known and well respected for the structuring of
o shore companies, trust, foundations around the globe and has presence
across the reputed o shore centers. Recently UAE has also emerged as a
strong alternative to various o shore centers across the world. anks to the
property development in the country, more and more individuals,
corporations and groups would prefer to buy their real estate in UAE through
the corporate structure of o shore companies.
Baker Tilly sets up for these o shore companies including in UAE act as a
registered agent as also provides secretarial and legal support services,
provision of registered o ce besides expert advisory on tax structuring,
Estate planning and Shariah compliance through the o shore structure.
O shore Company – a vital tool for your Minimize taxes
planning & protection:
Registering an o shore company can legally minimize the tax
Following are some of the common benefits on Formation of obligations of a business and this is often the primary reason for
O shore Companies incorporating a business o shore. Non-resident companies are
often tax exempt or enjoy low levels of taxation depending upon
Financial Holding the country. However, corporate taxation matters can become
very complicated and it is very important to be guided by an
O shore companies are widely used for holding foreign experienced professional. Ensuring that there is no conflict with
subsidiaries and receiving dividends or interest on loans in a the tax obligations in the country or jurisdictions where the
tax-e cient manner, concentrating the profits and losses from business operates is essential.
subsidiaries in one low-tax area, obtaining financing from
institutions that are free of high taxation. Confidentiality
Holding of Intellectual Property Non-resident companies, in some countries, are not required to
publish financial information or the details of directors and
O shore companies can be involved in software and other shareholders. Most o shore financial jurisdictions will not reveal
intellectual property development, own patents and trademarks any of this information to any third party unless criminal or
licensed to other companies. As a result, businesses can account terrorist activities are suspected.
for significant profit increase, tax savings and minimization of
reporting and regulatory compliance. Reduced administration
Inter-Company Borrowing, Lending and Leasing e legal obligations of any directors or o cers of an o shore
company are often much less. e need for accounting, other
An o shore company can own machinery and equipment and sta or a physical o ce can also be overcome with cost-e ective
can also lease the equipment to a company in an onshore virtual o ce services – saving time and money.
jurisdiction with profits for the operation held o shore. Also an
o shore company can provide loans and collect interest from a Asset protection
company in an onshore jurisdiction.
For those with international business interests, an o shore
Ship/Boat Registration and Real Estate holdings company can be valuable as a vehicle for holding assets such as
intellectual property or real estate investments etc.
Most often Ships, Boats, Aviation and Real Estate Properties can
be acquired through an O shore Company by registering the Lower set up and maintenance costs
company for the concerned purposes which are technically
termed as SPV (Special Purpose Vehicle) in order to minimize tax Even with increasing anti money-laundering measures being
liability and operating costs. applied and enforced to block funding for terrorism and prevent
the proceeds of criminal activities from being hidden, the process
Trade, Marketing and Distribution of setting up an o shore company can be relatively fast and
simple. is can translate into lower costs in both the
For international business it is often possible to use an o shore establishment and maintenance of an o shore company.
company as an intermediary in which part of the profits of the
operation can be accumulated in a low-tax jurisdiction. Even for Lower capital requirement
local businesses in high-tax jurisdictions, it may be possible to
separate the selling part of the process from the manufacturing Registering an o shore company will require minimal capital,
part, and send it o shore. usually less than what is required for an onshore registration. In
certain jurisdictions there is in fact no capital needed for
Contact Us: registration. Normally the o shore companies do not require an
upfront deposit of capital in the account.
Mago JB Singh Mohammed Zakir Quraishi Rajesh Mathur
Group Managing Partner Partner - Business Consulting Country Head & Managing Partner(Seychelles)
M: +971 50 462 5675 M: +971 55 854 2346 M: +248 2 715 121
E: [email protected] E: [email protected] E: [email protected]
B.S. Mony Aakriti Mago Ajit Agarwal
Partner - Abu Dhabi Associate Director - Advisory & Intl Relations Country Head & Managing Partner (India)
M: +971 55 964 2277 M: +971 55 676 0893 M: +91 930 2123525
E: [email protected] E: [email protected] E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
VAT Are you ready for VAT?
%
It is now a reality in the GCC world that goods & services are subject to a
charge of indirect tax.
Business need to deal with the newly adopted Indirect Tax System in full
compliance and governance.
What VAT means to Business
01 Business Impact 02 Technology and Systems 03 Sales and Marketing
- Potential e ects on margins & pricing - Systems changes for VAT compliance & -VAT treatment of sales & exports
- Cash tax impact from VAT leakage reporting (e.g. financial & point of sale systems) -E ect on demand
- Cash flow: funding of timing -Pricing strategy & payment terms
- VAT coding of accounts payable & receivable -Customer management
di erences between paying & - IT architecture impacts - Impact on current contracts and
collecting/receiving VAT - Process and compliance automation
- VAT issues when undertaking deals - Electronic documentation commercial arrangements
- Data and analytics to enhance compliance
01 402
TaencdhnSoylsotgemy s
Business Impact
Reflecting
06 the VAT
law What VAT means MSaralkeestianngd
to business 03
06 Reflecting the VAT law 05Comrovpualgliuahneoccueht-athineProcurement 04 Procurement
- Identify correct VAT treatment of every 04 -Potential e ects on margins & pricing
business transaction - Cash tax impact from VAT leakage
- ash flow: funding of timing
- Industry sector specific issues
- Inter-company transactions di erences between paying &
-Intra GCC transactions collecting/receiving VAT
- Apply any exemptions/Zero rate - VAT issues when undertaking deals
05 Compliance - throughout the value chain
• Map business flows including procurement, production,
logistics, sales & marketing activities
• Establish VAT management framework covering governance,
controls, roles and responsibilities
• Tax knowledge and training
• Tax registrations and filing requirements
• Process and procedure guides
Our Bespoke VAT Methodology
Our work Impact Assestment & Planning Strategy & VAT Training VAT Registration and Return
Action Plan Preparation Activities submission services
-Project setup -Review legislation and identify Provide training to business - Registration
-VAT awareness training leaders of section and - Review of VAT returns
-Business/Transactions Review technical issues departments to ensure deep
-Review of contracts - Design VAT governance understanding of VAT, how they
- IT System Review can deal with it, and how they
- Assess VAT governance framework should prepare the VAT return
framework - Design VAT compliance model and keep proper records.
- Assess compliance model -IT - Develop business
-Implementation plan
requirement document
Deliverables -Business Leader Workshop - Project Plan - VAT Technical Position - Registration with Federal
- Business Fact Summary - Transaction Mapping & Summary Tax Authority
- VAT Impact Summary
- Roadmap Project for Design - Internal VAT Governance - Review VAT returns
- Document Templates Manual
- Training plan
We can help you to mitigate these risks Why choose us?
and consequesnces?
• We have VAT professionals based in the UAE, who have experience
• Review contracts and recommend changes, so as to reduce the in dealing with all aspects of VAT from compliance to litigation, in
potential impact of loss of revenue due to VAT other jurisdictions worldwide
• Work with your management to chalk out a strategy to mitigate • All our clients are important to us, irrespective of size or industry.
potential issues such as working capital management and negative We pride ourselves on retaining all of our clients and helping them
impacts of profitability prosper
• Work closely with known software providers to ensure that our • We have quality IT professionals who can understand your
technology is appropriate, caters to your requirements, and requirements, and provide cost-e ective solutions
addresses all issues
• Our fees are highly competitive, providing great value for money
• Ensure that forms submitted to Federal Tax Authority are correct, • Like all other professional accountancy firms, we provide a quality
reducing the risk of penalties and fines
professional service. However, we go to a step further, and provide
• Train your finance and accounting team to manage VAT a airs a greater level of Partner’s involvement, team e orts, and are
e ciently always prepared to listen and advise, no matter how large or small
the issue - if it is a cause of concern for you, it is worth our
• Free up management time by eliminating need for them to spend attention too!
unnecessary time on VAT issues that can be avoided
Contact Us: Neil Sturgeon Ehab Amali
Mago JB Singh Senior Partner & Group CEO - Assurance Partner - VAT & Taxes
Group Managing Partner M: +971 55 674 7342 M: +971 50 291 7300
M: +971 50 462 5675 E: [email protected] [email protected]
E: [email protected] B.S. Mony Osama Nobani
Partner - Abu Dhabi Sr. Director - Taxation & Zakat
Surya Narayanan Krishna Moorthy M: +971 55 964 2277 M: +966 50 443 0237
Partner & CEO - Sharjah & N. Emirates E: [email protected] E: [email protected]
M: +971 50 132 6812
E: [email protected]
Corporate Headquarters - Dubai, UAE
Suite 1801-10, Jumeirah Bay Tower-X2, Cluster X, JLT, P.O.Box 124600, Dubai, UAE
T: +971 4 369 7248, F: +971 4 369 7193, M: +971 55 676 0893, Email: [email protected]
Branches & Country O ces
UAE: Dubai, T: +971 4 369 7248 • Jebel Ali Free Zone, T: +971 4 8871719 • DIFC, T: +971 55 676 0893
Sharjah, T: +971 6 530 1090 • Fujairah, T: + 971 9 222 5646 • Hamriya Free Zone - Sharjah, T: +971 55 676 0893
Abu Dhabi, T: +971 2 626 0480 • Al Ain, T: +971 3 364 0331 • Ras Al Khaimah, T: +971 55 676 0893
KSA: Riyadh, T: +966 11 835 1600 • Jeddah, T: +966 12 663 4777 • Al Khobar, T: +966 13 830 0906
YEMEN: Sana'a, T: +967 140 2157 OMAN: Muscat, T: +968 2479 7441 • QATAR: Doha, T: +974 4429 4806
SYRIA: T: +963 11 612 5526/27 • SEYCHELLES: Mahe, T: + 248 4321306 • BAHRAIN: Manama, T: +973 1753 1661
• Manama, T: +973 7711 3337 • USA: New York, T: +1 212 292 3331 • INDIA: Indore, T: +91 731 256 1790/91
Baker Tilly is the trade name for Baker Tilly JFC Group in the Middle East.
www.jfcworld.com | www.bakertillyjfc.com | www.bakertillyinfotech.com /bakertillyjfcdubai /baker-tilly-jfc
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