The UAE is a progressive country with plenty of attractions and perks for existing businesses and emerging entrepreneurs!
Dealing with tax and related services is a complex process. We have a full-service international tax practice and advise on all areas of tax including M&A (tax structuring, due diligence), corporate tax and VAT along with assistance in litigations.
We ensure continuous support to companies in preparation, review and filing of VAT returns across the GCC countries which involves the following key steps:
Due to the evolving nature of the VAT legislation, we advise companies on matters which are complex and do not have specific guidance from the Federal tax authorities. This involves:
We at FAME Advisory support companies by providing tax specialists (i.e., outsourcing, co-sourcing, deputation, etc.) so that the company has to only focus on its core operations while tax compliances are handled by our professionals.
We assist in undertaking the following:
We undertake the following key steps:
We assist companies with Economic Substance Regulations (ESR) that highlight the reporting of all the economic activities carried out by legal entities in the UAE, Bahrain, British Virgin Islands and Cayman Islands.
We have a dedicated team of experts who can assist clients with ESR. Following is the scope of activities:
FAME Advisory with its rich experience in the relevant sectors has been consulting clients across the UAE, especially whose operations are subject to the implementation of Anti Money Laundering programs.
With all-encompassing understanding and diversified involvement, our Chartered Accountants, business consultants and industry specialists are proficient in understanding the risk and provide remedial actions and policies to companies that are struggling to comply with AML and CFT law in different countries.
Complying with local and international AML regulation is mandatory for organizations that fall under its preview. Following are the services that we offer related to Anti-Money Laundering (AML):
The Cabinet Resolution No. 58/2020 on the Regulations of Procedures Related to Real Beneficiaries (the UBO Regulations) Resolution introduces new requirements for entities to disclose their beneficial owners. The main purpose is to augment the transparency of entities registered in the UAE, as well as to develop effective and sustainable executive and regulatory mechanisms and procedures in respect of beneficial owner data.
The UBO Resolution requires entities licensed in the UAE to prepare and file an Ultimate Beneficial Owner (“UBO”) register with the relevant authority and update the same in case of any changes within prescribed time.
We at FAME Advisory can assist in the following to facilitate proper compliance for your entity:
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