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We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
Economic substance rules were introduced in the United Arab Emirates (UAE) in April 2019, and businesses need to assess how they comply with those rules.
Economic substance regulations have recently been introduced across the globe in countries with no or nominal corporate tax rates in order to comply with international initiatives to combat harmful tax practices.
In essence the new rules require certain legal entities established in those countries to demonstrate that they carry out substantial economic activities there.
The UAE Government recently issued the “Cabinet Resolution No. 57 of 2020 and Ministerial Decision no 100 of 2020” which will replace the previous Economic Substance Regulations. They will also help clarify the amended Economic Substance Regulations and will be applicable from 1 January 2019.
Reduce risk and improve your organisational performance by challenging existing assumptions and practices.
Businesses who partner with our services will reap the benefits of having a complete understanding of up-to-date financial strategies as per IFRS and better access to a wide variety of industry expertise which can boost the values to the company.
As your business is continuing to grow in size, you’ll most likely require more sophisticated and up-to-date strategic advice that your accountant can ever be offered.
It will also highlight control weaknesses and let the business owner know if risk management processes are operating effectively thus increasing the efficiency of your business.
There’ll be a lot of flexibility while working along with our services. Entrepreneurs are able to focus entirely on expanding core business and developing new products and services based on the professional advice of our specialized our services.
Having set the strategic financial plans on your core business allows more freedom and opportunity to grow, and permits products and services to be relevant to the markets to keep retain current clientele and attracting more customers.
We will assist the owners and/or the Company to identify potential buyers or sellers (as the case may be) and how these potential counterparties should be approached. Alya network has the advantage of a global reach and allows us to search for potential counterparties both openly or confidentially.
We will assist you to prepare your information package that tells the potential counterparties who you are and what you are looking for. Getting this package done right is important to maximise your reach to as many counterparties as possible. Such packages can be prepared on a confidential basis or a public basis.
We will support you and your business in performing the necessary due diligence on the potential buyer or seller, as the case may be.
We will support you and your business in performing any deal structuring or relevant negotiations, as the case may be.
Truly, let us know what service you are looking for and hence we can get back to you with more details.
Definitely, Alya Auditors is the one partner you need to ensure your business is built on accurate accounting books certainly, to spearhead greater growth and wider market reach.
An association of legally independent auditing & accounting firms in the UAE
Silver Tower, Business Bay. PO Box: 41102, Dubai, UAE.
Sharjah Airport Free Zone PO Box: 120403 Sharjah, UAE.
+971 48769377
+971 52 9750690 , +971 50 522 1035
Mon – Fri : 8:30 AM – 6 PM
Saturday – 9 AM – 5 PM
Sunday – Closed
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