Services

• Bookkeeping
• Management accounting
• Financial advisory

Our advisory team will optimize the value of your business by telling you what has happened, what is happening and what might happen. We ensure deliverables are provided accurately and on time.

We specialize in providing comprehensive accounting solutions to start ups or small businesses, including accounting setup with software solution and implementation.

At Baker Tilly our focus on continuous improvement allows us to deliver quality advisory services. We assist you in improving your business to achieve better efficiency, effectiveness, control, fraud mitigation and governance.

Baker Tilly has developed an advanced internal audit approach. Our methodology is well designed to adapt to your existing process and provide ideas to augment this when so requested or may apply our own methodology where appropriate. As risk practice experts you may rely on Baker Tilly for the value-added services in the following specific domains.

Baker Tilly provides integrated business solutions by combining internal audit, corporate governance, risk advisory, internal control and regulatory compliance services to complement our established audit, assurance and taxation practices.

The high-performance standards for internal control reviews enable us to adjust to the scale of client needs without either over - review or under-review.

We deliver proactive and constructive solutions to enhance your internal controls. Our team of dedicated professionals ensure continuity and accountability in the service we provide you.

• SOX compliance
• Internal audit and control services

Our Risk Advisory specialists have a long history of evaluation and improvement of internal control systems. Our complete approach brings you reliable efficient service with value for money.

Our lead partners and associate consultants are specialized in corporate governance and internal control framework for financial institutions and corporates.

There may be occasions when you or your company requires an independent expert to give an opinion on a financial dispute. This may be in conjunction with sale of your business, either partially or fully.

Baker Tilly can assist in all facets of forensic and litigation support. We act for directors and shareholders by reporting upon underlying circumstances and offer dispute resolution through expert advice and seasoned support.

Should your business face any issues of financial or legal nature, Baker Tilly can deliver viable recommendations and solutions. By combining responsive client service and sound investigative skills, our forensic team will deliver dependable analysis for critical decision-making.

• Asset Tracing & Realisation
• Assistance with Shareholder Disputes
• Company & Business Valuations
• Due Diligence Investigations
• Money Laundering Investigations
• Reconstruction & Analysis of Accounting Records

You can benefit from our expertise in civil actions and in complex criminal cases. We have the experience and resources to assist you with your forensic accounting and litigation support requirements.

Our firm by and large remains as an empanelled accounting and auditing expert with most of the legal jurisdiction including courts, chamber of commerce, arbitration centres and alternative dispute resolution platforms.

Our in house and associate accountants, forensic experts, fraud examiners and investigation experts are able to provide you with an expert eye in the most critical cases going in to the depth of the problem.

• Corporate, individual and zakat tax
• Cross-border tax
• Field audit and investigation

Baker Tilly tax advisory team has extensive experience in advising on optimal investment structures in relation to group structures and trust establishments.

By offering pragmatic advice, our experts help minimise your overall tax exposure through tax treaties, dividend & income repatriation.

We specialize in tax advice to the permanent establishments of international companies in the region, for their tax compliance, tax filing, tax assessment as well as appeals.

We have an expertise in advising in special situations concerning withholding tax, repatriation tax and double taxation in the hands of the parent company when ultimately, they received profits at their origin.

• Company Setup
• Registered office
• Company secretarial and registered agent

Our knowledgeable professionals can assist in setting up new companies locally and overseas, and handle the everyday corporate maintenance of your company.

We specialise in local and international offshore company set up, trust and co-op set up.

Our expertise includes setting up mainland companies with mandatory national investors in most of the gulf countries as well as 100% foreign owned free zone establishment companies including branch of a foreign company.

We are one of the largest and most prominent providers of offshore company setup solutions with both domestic as well as international offshore centres around the world. Besides the regular offshore company set up we specialise in setting up of offshore banks, trusts, corporations, foundations and Co-Op set ups for the efficient tax planning as well holding structures for large groups and conglomerates.

We act as authorized registered agents for offshore companies in the entire UAE across Dubai, Ajman and Ras Al Khaimah Offshore centres besides Bahrain and Kingdom of Saudi Arabia for SAGIA registered companies.

• HR - Payroll - Executive Search Solutions
• Immigration / Visa / Work permit solutions

From simple payroll calculations to the sometimes-complex process of termination, the team can take care of your HR function allowing you to focus on the core business without losing efficiency or effectiveness.

Our specialist consultants provide all in all support for your labour ministry, visa, immigration and work permit issues besides other regulatory approvals including Emirates Identity Authority, Roads and Transport Authority and domestic help workers recruitment & immigration.

• Transaction Advisory
• Lead Advisory-IPO. Bond. Sukuk Listing
• Mergers & Acquisitions
• Investment Banking

Baker Tilly has its intrinsic strengths in the transaction services and lead advisory. Our focus remains always towards mid and emerging corporates for transforming them in to diversified growth companies through diversification, mergers & acquisitions and private equity support.

Financial, commercial, technical and legal due diligence, enterprise & business valuations, brand equity & intellectual property valuation, technical listing & full listing with capital raising – is all that you can get under one roof.

Investment Banking with specialized thrust for buy & sale side advisory for Industrial & Commercial organization, Industrial Warehousing third party logistics & supply chain management etc. Besides we specialize in arranging matured income plan for the Funds, Pension Schemes & Foundations through assets secured deals based on Fixed income generating Real Estates including sale & Lease back transactions with corporates and listed companies or groups.

Education including Vocational Trainings Higher Education, Hospitality & Health Care are the growth areas of our Corporate Finance Practice and we work closely with large and growing companies in these specialty growth areas of business.

Baker Tilly offers full services in all consulting domains which includes lead advisory, transaction advisory, debt advisory and syndications, project finance, trade finance besides recovery restructuring and insolvency. The brief product lines are defined below the details of which are separately available in individual product brochures.

Lead Advisory

Our M&A specialists across the industry sectors and domains have proven track record of successfully closing the transactions and providing sector-focused advice ranging from evaluating strategic alternatives to executing transactions and coordinating the closings of transactions which includes acquisitions, alliances, divestitures, carve-out, joint ventures and IPO readiness assessment.

Transaction Advisory

The success of any acquisition, either by a financial investor or a seasoned corporate, entirely depends on the quality and depth of its due diligence. Our Transaction Services team provide a combination of financial, commercial, tax, legal, and operational insight in the proposed business transaction, whether it’s an acquisition, divestment, or strategic alliance. We customise the approach depending upon the client requirements to deliver maximum return on the transaction.

At Baker Tilly, we have vast experience in the field of valuation exercise for an enterprise and our array of sector-specific experts, sets us apart from our competitors. We can assist with valuation of businesses, including industrial ventures & intangible assets and also perform purchase price allocations and conduct impairment assessments and related analysis.

Our Financial Modelling professionals also help clients in understanding uncertainties and risks which ensures optimum capital allocation by carrying a thorough analysis of the Model-Build, Model Review & Model Support activities.

At Baker Tilly, our Corporate Finance professionals have assisted clients in the development of practical business plan based on their needs and market position. Using our unique and tested approach, we are equipped to systematically analyse market prospects and potentials, identify the competitive landscape of the market, and provide critical and relevant industry insights. We can assist you with the following areas in the Strategic Advisory:

• Growth Strategy
• Long Term Business Plan
• Feasibility Study
• Financial & Fund Strategy
• Operational Strategy
• Market Strategy & Study

Baker Tilly through its dedicated arm specialises in niche area of information technology supporting, small, medium and large businesses alike.

Baker Tilly InfoTech team collaborate and understand your technology needs and plans, the right solution which is implemented in order to provide you with your desired results for your ultimate satisfaction.

Baker Tilly InfoTech is a complete technology advisory and implementation practice supporting both onsite and offsite offerings including offshore development centre in India being the technology hub of the world.

Bake Tilly InfoTech can support and offer the following service to an enterprise;

• Implementation and Integration Services
• Managed Services
• Business Analytics
• Enterprise Performance Management
• Governance, Risk and Compliance (GRC)
• Software Development
• Enterprise Mobility
• Systems audit
• Staff Augmentation

• Turnaround
• Distress and Special Situations
• Insolvency & Receiverships
• Debt Restructuring
• Expert witness

At Baker Tilly, our multi-disciplinary team is able to understand the bigger picture and provide comprehensive analysis and strategic options to distressed or underperforming businesses.

We deal with banks and institutional lenders to turn their non-performing assets dealing with special situation funds, /ARC to buy bad loans or turn them to performing assets.

Our consultants provide their expertise for the complete restructuring, recovery and insolvency services.

We understand financial distress and all of its complexities and have extensive experience in the area of turn around, rehabilitation, corporate debt restructuring, one-time settlement solutions as also dealing with administrators, asset restructuring companies.

Our restructuring experts also specialise in providing solutions to highly distressed & economically unviable companies to relocate to another region, district or cross border through low cost solutions in low cost countries where it is viable.

Businesses often do not know what Intellectual Property assets they own, let alone being able to exploit value and account for them.

Companies must and should periodically audit intellectual property in order to help ensure that its rights are captured, preserved, safeguarded, and properly valued.

Baker Tilly can perform an independent audit of intellectual property that provides an assessment of the intangible assets of a company.

Our team of experts within the group including our paralegal service division will recommend systematic procedures for protecting and perfecting intellectual property rights.

Baker Tilly with its own in-house scholars and associate partners and sharia compliant experts & scholars could be your guide in certifying your deal in line with “HALAL” principles.

Baker Tilly will help you calculate precisely your Islamic tax obligations as well as provide you with yearly certification service and required certificates by the authorised Sharia scholars, experts & consultants.

With the increasing use of Islamic financing as a tool and with most of the international banks offering Islamic financing solutions as well offering of Sukuk (Islamic Bonds) through the regional and international stock exchanges, companies, banks and regulators are alike obliged to ensure the compliance with the Islamic values in strict adherence to the Sharia rules.

Baker Tilly could be your support partner in designing, implementing and ensuring your compliance to the Sharia related product and service.

• Industrial Engineering & Technology Solution
• Concept to Commission of Industrial Venture
• Green Field Project Planning & Implementation
• Industrial Relocation & Integration Plan
• Project Finance, Debt & Equity Structures

As an expert domain of the Baker Tilly, we specialize in setting up of industrial ventures/projects for various economic activities & development, that any developing country may need. Our focus, however, remains largely for medium scale industries within the SME Sector.

At Baker Tilly 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.

At times our technocrats, based on the specific environment of a particular Jurisdiction/Geography conceptualize specific projects based on the local availability of the basic raw materials or demand of the end products & provide a complete solution to the investor as a package deal for a turnkey solution on concept to commissioning basis.

Given a specific requirement or wish list of the investors or group/ consortium of industrial houses, we organize the planning for them of the selected industrial project as a Greenfield development, including development of investment studies, Technical viability reports, full scale business plans, financial modelling or detailed project report (DPR) including implementation programmes.

In November 2017, In-Country Value (ICV) program was announced for ADNOC Group Companies. In 2019 and 2020, various Government and semi Government Entities (including hereinafter referred to as “Participating Entities”) have joined hands to broaden the ICV certification process for Suppliers across various sectors in Abu Dhabi and the UAE.

The main objectives of the Government behind the launch of the ICV Program were:

• Strategic Considerations - Localizing strategically critical parts of the value chain for selected categories
• GDP Diversification - Through ICV, Participating Entities intends to further stimulate the local economy & the UAE’s GDP
• Job Creation & Emiratization - Additional jobs to be created in the private sector with opportunities for UAE Nationals

Certification of the ICV score needs to be completed by an ICV Committee approved certifying body, on an annual basis and submitted by the supplier to Participating entities with each proposal they make.

Baker Tilly is one of the empanelled firms for the ICV Program and we have a specialized team overseeing this service line, having experience and strong credentials in the region. We have a dedicated team of 25 professionals based in Abu Dhabi & Dubai issuing more than 1,100 ICV Certificates with largest market share.

At Baker Tilly, we offer a full suite of services to address the Value Added Tax (VAT) challenge, which ensures that organizations remain ahead of the requirements within the UAE, along with supporting the impact which may occur across the wider GCC (KSA VAT, Bahrain VAT& Oman VAT).

Our VAT services help organizations throughout the full life cycle of indirect tax, whilst ensuring our technical experts apply their deep insights which have been gained from implementing and managing VAT in various jurisdictions.

What We Do?

• VAT Impact Assessment
• AT Health Checks
• VAT Compliance
• VAT Registration
• Tax due diligence
• VAT Automation

For many years Baker Tilly has been at the forefront of taxation developments in the region. Hence, we have developed specializations drawn from serving our diverse client base.

We offer a full range of year-round taxation services for both local and expatriate, for personal and business clients. Whether you require routine annual compliance for your business or specialized advice to support your strategies, we will plan for and identify issues that address your situation, allowing you to make informed decisions.

With our tax specialists as your advisors, you benefit from our thorough knowledge of the tax practice and international tax laws combined with a sound understanding of your marketplace. Our integrated approach delivers significant improvements even to the most complex tax assignments.

• Preparing Personal / Corporate Tax Computations
• Pre-migration Tax Planning for individuals
• Zakat Computation Advisory & Assessment
• Innovative employee remuneration solutions
• Efficient 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 different jurisdiction.
• Indirect Tax (VAT) for all GCC

As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union (“EU”) Code of Conduct Group on Business Taxation, the UAE introduced a Resolution on the Economic Substance (Cabinet of Ministers Resolution No.31 of 2019, the “Regulations”) on 30 April 2019.

The Regulations require UAE onshore and free zone companies and other UAE business forms that carry out any of the “Relevant Activities” to maintain an adequate “economic presence” in the UAE relative to the activities they undertake.

List of “Relevant Activities”

• Banking Businesses
• Insurance Businesses
• Investment Fund Management Businesses
• Lease-Finance Businesses
• Headquarter Businesses
• Shipping Businesses
• Holding Company Businesses
• Intellectual Property Businesses
• Distribution and Service Centre Businesses

Baker Tilly offers a unique and tailor-made funding product to corporate clients importing capital goods/services from developed markets like Europe and USA leveraging on our vast experience and strong relationships with International Banks, FIs, Fund houses and ECAs.

The Products under this Funding programme include credit insurance, investment insurance, import/export credit guarantee and project finance

Project Finance Trade Finance, Equipment Finance Including Funding Against Import of Capital Goods / Services from Europe and USA

Baker Tilly offers full debt syndication and credit enhancement services to support industry and business for the long term and short-term financing from banks, financial institution, funds, mezzanine lenders, private funders. We are project finance specialist and also have unique and tailor-made funding product to corporate clients importing capital goods/services from developed markets like Europe and USA leveraging on our vast experience and strong relationships with International Banks, FIs, Fund houses and ECAs.

The Products under this Funding programme include credit insurance, investment insurance, import/export credit guarantee and project finance.

At Baker Tilly, we understand the importance and significance of trade finance business for Corporates and Banks. We provide the knowledge and expertise that you need to build and maintain a productive import or export business. Our team of Trade Finance specialists will help in structuring and providing solutions to complex trade finance transactions by mitigating risks.

• Stock Audit for the Banks
• Receivable Audit and Realization Report
• Balance Sheet Review and Analysis

At Baker Tilly, we recognise that banks and financial institutions require assistance in credit monitoring of corporate and provide comprehensive picture of the corporates. Our technical team will audit the quantity and the quality of stocks/inventories/receivables; actual and factual realisable value of such stocks/receivables pledged as collateral for commercial lending.

Our experts also provide third party review on the Balance sheet and analyse the in-depth the financials on the behalf of the bank and give an independent review and opinion including an assessment of the business opportunities from an industry perspective

We assist clients to achieve their goals by providing specialized alternative financing solutions – sale and leaseback of plant and machinery. The hallmark of Baker Tilly’s sale and leaseback process is that we take a holistic approach by combining an entrepreneur’s need of growth funds and expansive mode balancing with the art of understanding the prospective investors’ perspective and conservative approach from risk angle and coordinating them both on an agreed platform.

Sale and Leaseback is one of the quickest alternative financing solutions for a company to raise working capital or retire debt. For corporates that have flexibility in their capital structure, leveraging the equity in their assets is a strategic way to acquire capital for growth or restructuring.

Baker Tilly leverages its vast experience and strong relationships with banks, fund houses and other financial institutions to offer tailor-made alternative financing solutions such as Sale and Leaseback of Machinery and Equipment to its clientele with the aim of easing liquidity, optimizing cashflows and improving their balance sheet positions

With over 40 years of experience, we have a long track record of satisfied clients. Our alternative financing services provide you with a professional service built on trust and assurance.

Our sale and leaseback services help you to meet your business’ potential whilst taking a long–term view of your industry.

We pride ourselves on the quality of services provided and our congenial attitude and behaviour towards our clients.

Over the years, Baker Tilly group has developed a trusted relation with the international investors and the financial institutions based on the quality of investment opportunities we introduce to them.

Sale and Leaseback is a financial arrangement in which one sells an asset and leases it back for the long term, thereby allowing the continuous usage of the asset while not being the owner. Sale and Leaseback allow business owners to monetize their assets and re-deploy capital without incurring further indebtedness.

Baker Tilly leverages its vast experience and strong relationships with banks, fund houses and other financial institutions to offer tailor-made alternative financing solutions such as Sale and Leaseback of real estate assets including but not limited to warehouses, residential & commercial buildings, factories, schools and hospital buildings etc.

With over 40 years of experience, we have a long track record of satisfied clients. Our alternative financing services provide you with a professional service built on trust and assurance.

Our sale and leaseback services help you to meet your business’ potential whilst taking a long–term view of your industry.

We pride ourselves on the quality of services provided and our congenial attitude and behaviour towards our clients.

Over the years, Baker Tilly group has developed a trusted relation with the international investors and the financial institutions based on the quality of investment opportunities we introduce to them.

Dubai is one of the most important business and tourism hubs in the world. Over the last few years, it has become an influential center for business and now 80% of the world’s ten largest companies have offices in the city, while close to 400 of the Fortune 500 companies are already represented here.

Property in Dubai is one of the strongest real estate markets, having seen unprecedented prior to world economic crises, it is now again growing moderately however still in double digits. e growth story continues 2014 and beyond since much more would happen by 2020 when the world would rise assemble in Dubai for the Expo.

Baker Tilly investment advisory team has successfully guided investors locally, regionally and globally in achieving viable income generating investments leading to both capital and rental returns.

With three decades of expertise in the marketplace, 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

Baker Tilly JFC being the accredited Lead Auditor offers Third Party Cybersecurity Standard (TPCS) certification in the Kingdom per the requirements set forth by Saudi Aramco. The proposed certification is a mandatory requirements for those of the vendors who deal with Aramco in order to ensure the minimum Cybersecurity requirements for Saudi Aramco by Third Parties in order to protect from possible cyber threats while simultaneously strengthening the ‘Third Parties’ security posture for Saudi Aramco.

Baker Tilly in Saudi Arabia is amongst the Accredited Certifying Body for the above certification services as is required by Saudi Aramco. Baker Tilly JFC with its headquarters in Dubai, UAE operates in the Kingdom under the trade name of Baker Tilly MKM & Co. and has its presence in Riyadh, Jeddah and Damam within the kingdom and is the member firm part of Baker Tilly International London, UK which is the world Top 10 Assurance, Advisory & Consulting practice in the world.

Do you have an effective Internal Audit function?

Is there a system and process in place at your orgainsation to make a regular health assessment of your internal audit function?

Do you wish to help your boards and senior executives better manage enterprise risks?

Baker Tilly Health Check Tool combined with regular Internal Audit Services, can help your organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.

At Baker Tilly, our approach is designed to provide an Orgainsation with the consulting & advisory support it needs in order to ensure that its Internal Audit can move beyond its traditional role and assist organizations to tap into new ways of addressing risks.

Our Health Check Tool will help you in developing actionable strategic plans to align internal audit you’re your corporate goals.

We have a worldwide network of experts to monitor and analyse international developments for the benefit of our clients.