Doing Business In The United Arab Emirates

The United Arab Emirates (UAE or Emirates) has come a very long way from its beginnings as a regional trading hub with an economy dominated by pearl harvesting, fishing and local agricultural products. It is now the second largest of the Arab economies after Saudi Arabia with a gross domestic product of approximately US$402 billion (AED1.47 trillion) in 2015 an increase of 4.6% over the preceeding year. It was reported in early 2016 that the contribution of the non-oil sector to the UAE’s gross domestic product has increased to 70% through the country’s deliberate economic diversification strategy.

In the 2016 Index of Economic Freedom, published by the Heritage Foundation in partnership with the Wall Street Journal, […]

By |July 17th, 2017|

Business Valuation Roadmap – Asset Approach

Most business owners will only need a business valuation only a handful of times throughout their career and are likely unfamiliar with how value is determined. In most cases, they have an idea of what their company is worth based on the most favorable variables they can identify. This may include a calculation based on last year’s earnings, value of company owned assets or what similar businesses in their area have sold for. While these are all reasonable assumptions, the truth is that there are only three methods used when determining the value of a company. In this article, we will discuss the asset approach (or cost approach) which is generally used to determine […]

By |June 28th, 2017|

Managing Permanent Establishment Risk: A Short Guide For International Companies

Complex, fast-changing global business models, the growth of the digital economy and the increasing number of companies with internationally mobile staff have combined to force a re-examination of the way tax is assessed on the profits of companies with international operations.

It is important to note that PE should not be perceived as “anti-cross border trade” and that businesses can manage their PE risk legitimately by, generally speaking, adhering to specific rules when operating in different jurisdictions.

The members of Alliott Group’s International Tax Services Group [ https://www.alliottgroup.net/international-tax-services-group/] explain in this article the action under way at the global level (in the form of implementation of the BEPS Action Point 7) to provide greater clarity on what […]

By |June 26th, 2017|