Insights into the Corporate Tax and Compliance Summit 2024

Corporate Tax and Compliance Summit 2024
On October 8th and 9th, industry professionals gathered for the Corporate Tax and Compliance Summit 2024, an insightful event focused on the evolving Corporate Tax dynamics in the UAE. Attendees had the opportunity to engage in meaningful discussions and share valuable insights on this critical subject.
 
The event featured our Director, CA Nirav Shah, who delivered a comprehensive overview of his take on Corporate Tax in the UAE. His expertise highlighted the key challenges businesses face, along with potential strategies for navigating the regulatory landscape. Participants were engaged, actively contributing to discussions that demonstrated their commitment to understanding the complexities of Corporate Tax.
 
The  panel of experts was present on both days, fostering continuity and depth in the conversations. Their collective insights provided a well-rounded examination of Corporate Tax and Compliance issues affecting organizations today.
 
A notable aspect of the event was the interactive Q&A sessions, where attendees posed insightful questions that enriched the discussions. This collaborative exchange of ideas underscored the importance of networking and knowledge sharing in addressing Corporate Tax challenges.
 
As the event concluded, it was clear that a strong sense of community had developed among participants, fostering connections that will benefit their professional endeavors.
 
We extend our sincere appreciation to all who attended and contributed to the success of the event. At FAME Advisory, we look forward to continuing these impactful conversations and supporting businesses as they navigate the complexities of corporate tax and compliance in the UAE. Stay tuned for updates on future initiatives

Hubbis Wealth Solutions Forum, Dubai 2024: Key Takeaways

Hubbis Wealth Solutions Forum, Dubai 2024
Our Director, Nirav Shah, recently attended Hubbis Wealth Solutions Forum, Dubai 2024, co-hosted by Transamerica Life Bermuda at ZUMA, DIFC. This exclusive event gathered a distinguished group of professionals to discuss the latest trends and challenges in Succession and Estate Planning for 2024.
 
The discussion featured insights from Hubbis’s Succession and Estate Planning Survey, which underscored the increasing demand for proactive and holistic estate planning solutions. Nirav contributed valuable perspectives on several critical areas, including:
 
  •  Bridging Generational Gaps: Emphasizing the importance of engaging the next generation in estate planning discussions to ensure a seamless transition of wealth.
  • Enhancing Client Awareness: Discussing strategies to educate clients on the complexities of estate planning and the tools available to them.
  • Refining Wealth Transfer Strategies: Highlighting innovative approaches to wealth transfer that meet the evolving needs of families and individuals.
As a firm committed to effective succession planning, we found the session’s key takeaways particularly relevant. The focus on involving the next generation early and simplifying complex estate planning tools aligns with our mission to provide strategic and tailored solutions for our clients.
We extend our gratitude to Hubbis for facilitating such an inspiring discussion. We are excited about the positive changes this dialogue will bring to the succession planning landscape and look forward to implementing these insights to better serve our clients’ needs.
 
Stay tuned for more updates as we continue to engage in meaningful conversations about succession and estate planning

Highlights from the UAE Growth & Investment Forum by Gulf News

UAE Growth and Investment Forum, by gulf news
UAE Growth & Investment Forum by Gulf News
On September 19th, FAME Advisory proudly served as a Support Partner for the UAE Growth & Investment Forum, organized by Gulf News. This prominent event brought together industry experts, government officials, and visionary entrepreneurs to explore substantial opportunities for business growth in the UAE.
 
The event featured meaningful discussions aimed at shaping the future of business in the region. Our Director, CA Nirav Shah, shared valuable insights during an exclusive panel discussion, emphasizing the critical importance of adopting robust accounting and compliance measures to navigate the UAE’s Corporate Tax Framework effectively.
 
Nirav’s insights sparked a comprehensive dialogue on the competitive advantages available to businesses and how organizations can strategically approach the evolving regulatory environment to drive sustainable growth. Attendees actively engaged in these discussions, highlighting their relevance to operational strategies.
 
We sincerely appreciate all participants for their contributions to the forum’s success. Your involvement created a rich environment for knowledge exchange. For further insights into Nirav’s discussion, full coverage is available on Gulf News.
 
As we move forward, FAME Advisory remains dedicated to facilitating discussions that support businesses in navigating the complexities of investment and compliance in the UAE. We look forward to future collaborations and initiatives that promote growth and innovation in the region. Thank you once again to all who attended.
 

FAME at NASSCOM Startup Delegation, Dubai

NASSCOM Startup Delegation Dubai

On September 13, 2024, we had the privilege of attending the NASSCOM Startup Delegation event in Dubai, where our Director, Nirav Shah, partook in a thought-provoking panel discussion alongside other industry leaders. The event highlighted the remarkable growth of India’s tech industry and its increasing collaboration with the UAE.

With India’s tech exports soaring from $15 million in 1988 to an impressive $199 billion today, the delegation’s exploration of market opportunities in the UAE highlights the synergy between Indian and UAE tech ecosystems. As the UAE invests heavily in digital infrastructure and smart cities, the potential for collaboration and innovation between the regions is immense.

Nirav emphasized the importance of initiatives such as the India-UAE Startup Bridge and UAE 4.0, which are fostering stronger ties and innovation in the tech and startup sectors. With India’s thriving startup ecosystem, home to over 140,000 startups and 111 unicorns, the UAE is emerging as a key partner in this journey. 

A heartfelt thank you to the Consulate General of India, Dubai, for hosting this event. We look forward to building on these collaborations and unlocking new opportunities.

We are also pleased to see DD News cover this impactful gathering and share the story of India-UAE tech collaboration with a wider audience.

Global Indian Family Enterprises: Legal, Financial and Operational Consideration

Global Indian Family Enterprises

FAME Advisory was proud to collaborate with Jersey Finance to co-host a private wealth-themed event focused on Indian family enterprises. This event was held at Taj Dubai on June 20, 2024. 

Our esteemed director, CA Nirav Shah, initiated and led the Global Indian Family Enterprises event. At this exclusive event, he offered a unique opportunity to gain invaluable insights through his captivating keynote speech. 

What was covered in this event: 

  1. Multi-Jurisdictional structures 
  2. Increasing popularity of UAE structures 
  3. Legal family governance and tax considerations 
  4. Next-generation integration into family enterprises 

This exclusive event included a dynamic panel discussion that featured senior professionals from the UAE, Jersey and India. 

Webinar on Navigating FTA’s Free Zone Persons’ Guide

Navigating FTA’s Free Zone Persons Guide Key Insights and Application

Webinar on Navigating FTA’s Free Zone Persons’ Guide

FAME Advisory DMCC has come up with the exclusive webinar: Navigating FTA’s Free Zone Persons’ Guide: Key Insights and Application. 

With this webinar on Navigating FTA’s Free Zone Persons’ Guide: Key Insights and Application, we aim to discuss important aspects of the Free Zone regime. FAME Advisory’s Esteemed Director and Founder, CA Nirav Shah is going to share the insights on the Guidance released on Free zone persons. We will also go through various nuances and intricacies involved in relation to availing the 0% benefit for a Free Zone person

Besides that, FAME Advisory’s Taxpert, Karishma Bhuwalka will deliver more information on CT guide on free zone persons, providing useful insights in the simplest way.

What Does this Webinar on Navigating FTA’s Free Zone Persons’ Guide Cover?

The FAME Advisory’s webinar on Navigating FTA’s Free Zone Persons’ Guide: Key Insights and Application will cover the following:

  • Insights into the Guidance released on Free Zone Persons
  • Clarifications on various technical aspects for entities operating in a Free Zone in the UAE
  • Case studies related to CT guide on free zone persons

Who should Join Our Webinar on Navigating FTA’s Free Zone Persons’ Guide ?

The webinar will be useful for:

  • Tax enthusiasts and upcoming consultants who wish to advise people on UAE corporate tax matters for free zone persons.
  • Business owners, managers, and compliance officers who handle corporate tax compliance for free zone entities.
  • Finance professionals who are involved in tax planning and free zone advisory.
  • Legal professionals who deal with corporate tax matters in free zone.
  • Individuals and students who wish to learn about corporate tax laws and regulations for their professional or academic growth.

Benefits of Joining Our Webinar on Navigating FTA’s Free Zone Persons’ Guide

  • Opportunity to learn from veteran corporate tax expert, CA Nirav Shah
  • Exclusive insights on CT guide on Free zone Persons
  • Stay updated with the latest regulations and enhance your CT knowledge
  • Learn about CT guide on free zone persons with the practical case-studies

About Speaker

1. Nirav Shah
(Director, Fame Advisory DMCC)

Mr. Nirav Shah, Director at FAME Advisory is a qualified Chartered Accountant and a stalwart in the industry being recognized as amongst the top corporate structuring, international tax, and compliance expert in the UAE.

2. Karishma Bhuwalka
(Manager- Tax Advisory, Fame Advisory DMCC)

Karishma Bhuwalka is an experienced chartered accountant who has been working in the field of direct & international taxation for more than a decade. Karishma strives to provide solution-oriented advisory for clients & ensure tax compliance. Over the course of her professional journey, she has helped several firms solve complex group structure and transfer pricing issues. Moreover, she ensured compliance for clients at an affordable cost without compromising quality.

Webinar on Corporate Tax (CT) Registration

Webinar on Corporate Tax (CT) Registration

Webinar on Corporate Tax (CT) Registration

FAME Advisory has come up with an exclusive webinar on Navigating Through Corporate Tax (CT) Registration. The aim of conducting the webinar is to keep everyone updated on the latest rules and guidelines concerning Corporate Tax Registration.

FAME Advisory’s tax veteran, Karishma Bhuwalka, is going to take you through a journey that starts with the basics and goes to the complex aspects. The highlight of the webinar is the easy-to-understand content, dedicatedly created to impact simplified learning to the attendees.

What does our Corporate Tax (CT) Registration Webinar Cover?

The FAME Advisory’s webinar on corporate tax (CT) registration covers all the essential aspects of corporate tax registration:

  1. Type of persons covered: Here, the speaker will explain to whom the corporate tax registration is applicable and under what conditions.
  2. Timeline prescribed for Corporate registration: Explanation of the prescribed timeline; it contains information about Fiscal year-end, the First reporting period, and the due dates for filing the first CT return and payment.
  3. How to register for Corporate Tax: In this section, our taxpert will explain the complete corporate tax process with step-by-step instructions.
  4. Practical challenges involved: Theoretical knowledge isn’t enough and therefore, we have come up with the webinar containing practical challenges that users face during corporate tax registration and how you can overcome them.

Who should Join Our Corporate Tax (CT) Registration Webinar?

The webinar will be useful for:

  • Business owners, managers, and compliance officers who handle corporate tax activities and compliance for an organization.
  • Tax enthusiasts and upcoming consultants who wish to advise people on UAE corporate tax matters.
  • Finance professionals who are involved in tax planning and reporting matters.
  • Legal professionals who deal with corporate tax matters.
  • Individuals and students who wish to learn about corporate tax laws and regulations for their professional or academic growth.

Benefits of Joining Our Corporate Tax (CT) Registration Webinar

  • Expert guidance on CT registration matters
  • Keep yourself updated with the latest corporate tax registration guidelines
  • Practical tips to ensure that CT registration stays smooth
  • Enhanced compliance by detecting gaps in your CT registration
  • Improving CT tax management skills and knowledge

Don’t miss out on the opportunity to gain important CT registration insights.

About Speaker

Karishma Bhuwalka is an experienced chartered accountant who has been working in the field of direct & international taxation for more than a decade. Karishma strives to provide solution-oriented advisory for clients & ensure tax compliance. Over the course of her professional journey, she has helped several firms solve complex group structure and transfer pricing issues. Moreover, she ensured compliance for clients at an affordable cost without compromising quality.

Presenting Corporate Tax Guide at the IBPC Event

Corporate Tax Guide at the IBPC Event

CA Nirav Shah exhibited his latest publication, Taxmann’s Law and Practice Relating to UAE Corporate Tax, at the IBPC Dubai (Indian Business and Professional Council, Dubai) event. The book is one of its kind on UAE corporate tax and acts as a companion in the journey of understanding corporate tax.

During the event, Nirav Shah also addressed what has changed in the last year regarding doing business in the UAE is, specifically the introduction of corporate tax.  

Mr Nirav shah explained that he aims to bring everything together with the help of the reference guide. It also contains detailed examples, infographics, case studies, and more.

Corporate Tax Registration Open

Corporate Tax Registration Open

Moments Captured!

Glimpses from the inaugural breakfast meeting focused on corporate tax registration. In this illuminating session, CA Nirav Shah, speaker and expert panelist, shared invaluable insights, covering:

  • All types of legal and judicial entities
  • Detailed documentation requirements, with various scenarios and case studies
  • A comprehensive guide on using the Emaratax Portal

This exclusive event caters to tax enthusiasts who are keen on learning about the latest developments and changes in corporate tax registration. Attendees had the unique opportunity to address their crucial queries and gain clarity on pertinent issues.

Determining Tax Residency Status in the UAE: Watch Our Exclusive Webinar

In this video, our Taxpert, Ms Bijal Thakkar, takes us through the tax residency requirements in UAE.

She first makes us understand what tax residency is and its importance, as well as cabinet decisions and ministerial decisions related to it.

The video is from our webinar on 29th February 2024 at 3:30 PM GST.

It aims to make participants understand the UAE’s tax residency landscape.

It explains conditions when a person is considered a tax resident, various clarifications per ministerial decisions, and categories of tax residency certificates.

The webinar also includes the complete process for the application for the Tax Residency Certificate, from sign-up to the application submission.

Don’t miss this opportunity to enhance your understanding of the UAE Tax Residency.

Watch now to enhance your knowledge about UAE Tax Residency!