Tax Implications of Dubai’s Green Economy Drive: What Businesses Need to Know
Dubai’s recent establishment of the Dubai Environment and Climate Change Authority (DECCA) signifies a significant step towards a greener future. This initiative, aligned with Dubai’s 33-year plan (D33), positions the emirate as a global leader in sustainable development. But what does this mean for businesses operating in Dubai? With a focus on circular and green […]
Case Study: Business Restructuring of a Trading LLC in Dubai, UAE
Company Overview Industry: Wholesale and Retail TradeLocation: Dubai, UAEEstablished: 2005Revenue (2023): AED 300 millionEmployees: 200Challenges: Declining profitability, high operational costs, regulatory compliance issues, inefficient tax planning, and lack of internal control mechanisms. Pre-Restructuring Analysis Financial Health Assessment An in-depth financial analysis revealed several issues: Operational and Strategic Assessment Compliance and Regulatory Issues Restructuring Strategy The restructuring strategy focused on financial, operational, […]
One Product to Many Case Study: A Feasibility Study for Expanding Your Product Line
Are you considering opening a restaurant specializing in mouthwatering shawarma sandwiches? And what if you want to expand your menu beyond shawarma? Adding other sandwich options can attract a wider range of customers and increase revenue potential. Let’s delve into a comprehensive feasibility study to help you make informed decisions. Market Analysis: Product Offering: Financial Projections: […]
Finding Hidden Profits: A UAE Manufacturing Audit Success Story
Success in UAE business often boils down to seizing opportunities and being innovative. This is a real-life account of how a player in the tech manufacturing sector discovered unexpected profits through a routine audit conducted by AM Audit. The audit uncovered a treasure trove of possibilities within their operational data. The Audit-Driven Revelation This leading […]
Case Study: Internal Audit Uncovers Major Discrepancies in Inventory and Transactions
Company: An importer and distributor of consumer electronics, found itself confronting substantial financial irregularities. Internal Audit – Initial Discovery of Discrepancies During a routine quarterly internal audit in March 2023, the company’s internal audit team unearthed a series of alarming discrepancies within its financial records. These included: Internal Investigation and Limitations The internal audit team initiated […]
Case Study: The Tax Planning Dilemma at a Technology Company
Tax Planning Dellima: A technology company, which we will call “Company C” was experiencing rapid growth. The company was expanding into new markets and launching new products and services at a rapid pace. However, the company’s management team was not keeping up with the company’s growth, and they were making a number of mistakes, including […]
A Dive into Wealth Management Strategy in the UAE
Dubai’s skyline isn’t the only thing soaring in the UAE; so are the opportunities for wealth accumulation. The path to financial success is fraught with obstacles, so let’s not fool ourselves. That’s where wealth management strategy comes in, acting as your financial GPS, steering you away from pitfalls and towards prosperity. Proactive Tax Planning: The […]
9 Financial Management Principles to Save Your Business
Robust financial management is crucial for business survival and growth. This article provides insights into financial management strategies. By exploring topics such as cash flow management, cost control, debt management, revenue enhancement, financial forecasting, investment management, risk management, and capital structure optimization, businesses can find actionable solutions to avoid bankruptcy and boost profitability. 1. Working […]
Success in Action: Proven Business Strategies from Real Winners
In times of modern business and and global disruptions, businesses face a crucial challenge: not just surviving, but thriving. To weather storms and seize opportunities, a strategic approach to financial planning is essential. Financial Modeling and Scenario Analysis: Strategic Debt Restructuring – Debt Refinancing Strategies: Debt-for-Equity Swaps: Restructuring Debt for a Stronger Balance Sheet Debt-for-equity swaps […]
Is Your UAE Company Valued Correctly? A Comprehensive Guide to Company Valuation Methods
Valuing a company is an intricate process that involves multiple methodologies to ensure an accurate representation of its worth. This guide introduces valuation techniques, with examples, and a spotlight on Careem’s journey as a prime example. Careem, a ride-hailing service founded in Dubai in 2012 by Mudassir Sheikha and Magnus Olsson, began with a mission to […]
UAE Transfer Pricing Guide: Compliance, Methods, Documentation, and OECD Rules
Transfer pricing is the practice of determining the prices at which goods, services, or intellectual property are exchanged between entities within the same multinational group. It ensures that these intercompany transactions comply with the arm’s length principle, meaning the prices are consistent with those that would be charged between independent parties in comparable circumstances. The […]
