About M AL ALI AUDITING

Audit & Business Consultancy Services in UAE & India

Welcome to M AL ALI AUDITING; Experts in auditing services; we constitute a long team of auditing experts and professionals who are in the same field while serving the World from the last several successful years. Auditing is a concept of assisting and makes the companies familiar about how best they can focus on varied segments of capital management, internal auditing, accounting assistance, ISO certification services, finance and control management, stock audit and many more. We are expert in providing complete solutions to your esteem company from all possible segments that helps you in updating your company's value and support you while achieving the business goals that are consistent with your company objectives that are also compatible with national and international legal regulations as well.

Established in 2010, with remarkable Audit & Business consultancy services in UAE & India with different types of auditing including statutory audit, stock audit and internal audit. Credible, loyal, reliable and precisely are the values that have made long term strong relations with our clients and consultants.

Our Expertise: Practice Areas

Our expertise team of consultants is well versed with how to analyses the needs of one business and what make it authentic and nurture. We are perfect in designing the corporate guidelines and implement the policies on the above matters in order to achieve the great heights of success on the behalf of our clients. We too offer company incorporate services while preparing and submitting all legal documents and forums to the concern authorities. Besides these; we also assist in project reporting in varied business environment.

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Why People Choose Us

Easy to Talk

We are people’s people; easy to approach, friendly and easy to do business with.

On time Delivery

We understand the value of our customer time and thus, always dedicated to deliver the qualitative services on time.

High customer Satisfaction

The Huge Satisfaction level of our clients speaks volume about the quality of services rendered by our team. Our team’s passion in giving our client an unprecedented experience of working with us can easily be seen by our client’s growth and satisfaction.

Round the clock

Our Team of Accountants has so much passion to serve and flexible enough to support the client even at the odd hours of the day, thus, we are available round the clock to assist our client.

Qualitative Performance

The quality of our work speaks the volume of our dexterity. By Associating with our team of professionals, our client can get the account related work done by an expert and they can easily focus on other aspect of their business without worrying about the quality of the accounting work.

Our Best Services

VAT Services

At M AL ALI AUDITING, we are continuously looking for avenues to assimilate value added knowledge

Audit and Assurance

Under the audit and assurance our major role is to held with internal and management auditing along with assisting in preparing of.

Accounting Services

Welcome to the accounting cell of M Al Ali Auditing that serves you with the best of accounting services for all types of businesses.

Company Formation

As we all know, company is a group of people that decide to carry same business under an agreed manner. There are different forms.

Financial Management Consultancy

Finance is the basic need of every business that used to buzz over the corporate tasks and business activities. Whether it is small.

Business Valuation

In every stage of business it is very essential to have accurate and exact business valuation in order to plan accordingly.

Project Report and Feasibility Study

Carrying a business in this highly rigorous corporate world plan with due care in respect of investment. Growth of business.

ISO Certification

ISO - International Standardized Organization that offer the label of standard and quality to the respective companies. There are varied rules.

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Professional, Auditor & Business Advisors

Thus, if you are looking for auditing experts or professionals who can make business strategies in respect of accounting management, financial analysis, finance control, business valuation and for ISO concepts can contact us at

contact@malaliauditing.com

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33

Years of experience

70%

Repeated Business

30

Awards

25

Global Footprints

M Al Ali Auditing : Audit & Business Consultancy Services in UAE & India

Our Experts Team

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Mahesh kumar Goyal
Chartered Accountant (EX)

Mr. Mahesh Kumar being as an expert of auditing & taxation consultant. Read More

Email: auditing@consultmaaa.com
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Mr. Ahmed Yousif Ali Ramadhan
CEO Founder

Mr. Ahmed who is a founder member having 18 years of worthy experience Read More

Email: ahmed@malaliauditing.com
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Munish Goyal
C.A., C.S. & CWA

Munish Goyal, who plays a vital role as a managing partner in M Al Ali Auditing Read More

Email: mg@malaliauditing.com
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Poojan Mahesh Kumar
Chartered Accountant

Poojan Mahesh Kumar plays a key role as managing partner and a qualified Read More

Email: poojan@consultsmga.com
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News and Updates

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Dubai launches virtual company licence, costs Dh850

Dubai on Monday launched a virtual company licence which will cost Dh850 for a year, a senior official said. 

"I would like to announce the launch of the virtual commercial licence. The first of its kind, the licence is granted without residence visa in Dubai. The initiative corresponds to the 50-year charter announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to ensure Dubai's sustainability and prosperity," said Sami Al Qamzi, director-general of Department of Economic Development in Dubai.

The virtual licence costs Dh850 ($233) for one year which includes a Dh200 startup fee for sole proprietorship and Dh650 for the licence. While two-year licence will cost $411 (Dh1,508) and $589 (Dh2,161) for three years.

Virtual companies are registered in Dubai to individuals who don't reside in the UAE and the owner of the companies must be nationals or tax residents of certain countries. Residents of around 120 countries can obtain the virtual commercial licence with whom the UAE has signed double-taxation avoidance agreements. The emirate aims to have 100,000 companies in the virtual city. However, the licence will not automatically guarantee physical access to the UAE - be it in the form of a business or visitor or resident visa to any of the company's partners or employees.

"Dubai Government authorities are working on a simplified visa process for the holders of virtual company licence. A virtual company licence doesn't automatically guarantee a business bank account in the UAE and it will at the discretion of the commercial banks. However, we can facilitate access to account opening process," the Dubai Virtual Commercial City says on its website.

Virtual companies are allowed to undertake selected professional activities including services related to printing and advertising; computer programming, consultancy and related activities; and design activities.

Al Qamzi forecast that Dubai economy will grow 2.1 per cent in 2019 but the growth will spike next year to 3.8 per cent but stabilise again at 2.8 per cent in 2021, hence boosting investor confidence further.

"Dubai Economy along with its agencies is confidently taking the Emirate to new level of sustainable growth. Over the past five years, Dubai has consistently remained among the most attractive cities for foreign direct investment, offering opportunities in new economic sectors," Al Qamzi said while addressing the Dubai Investment Week conference on Monday.

Dr Raed Safadi, chief economic advisor, Dubai Economy, said the emirate will continue to outpace global growth and those of advanced economies in the next couple of years on the back of Expo 2020 and developments related to the exhibition. He noted that these estimates have been made after taking in account the uncertainties of Brexit, global trade war and forecasts for the current oil prices. Post Expo 2020, he revealed that Dubai's growth will be driven by initiatives to be announced by the government under Dubai's 50-year charter.

"First charter will be announced in early 2020. Charter will come to up with higher skills, higher digital technology adoption, more use of artificial intelligence and blockchain," he said while addressing the Dubai Investment Week.

Henrik Von Scheel, Originator of the Industry 4.0, Von Scheel AG, praised the Dubai and its rulers for its growth-oriented policies. "For me, Dubai and UAE are the pillars and frontiers that can take the lead. I have not seen a country that has capability to do. The future looks bright but my hope is very much on the UAE. Political leaders want to do right things but their hands are tied. The UAE is the only one that can take lead. You must stop copying and start thinking, do strategic things. You can be leader of innovation for the next 600 years."

 

Source-https://www.khaleejtimes.com/business/global/dubai-launches-virtual-licence--

  • Deepika Chawla
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  • 03/Oct/2019
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Global VCs bullish on Expo2020 Dubai

The UAE will accelerate its efforts more aggressively in the coming months to welcome talents from across the globe as it intends to offer its innovative entrepreneurial test-bed for its startup ecosystem, and for global startups to expand in the region.

The Expo2020 Dubai will be a great platform for exchanging and sharing knowledge, which will pave the way for various avenues to innovation in the tech world.

Global accelerators, venture capitalists, and mentors are already in the region scouting for the best deals and enthusiastic to be part of the UAE's historic growth. US-based 500 Startups - a venture capital firm with presence in 74 countries - is very optimistic that the Expo 2020 Dubai mega event will bring leaders and innovators from around the world to the heart of the emirate, creating an immense opportunity for cross-pollination and serendipity in the region.

Courtney Powell, chief operating officer, 500Startups, said: "The UAE startup ecosystem is rapidly accelerating. I've met fantastic founders building exciting businesses whose impact will be felt even beyond the UAE. I've also had the privilege of meeting leaders in Dubai and Abu Dhabi, and it's clear that there's support for making the UAE a world leader in tech and innovation are at the highest levels."

500 Startups has invested in over 2,300 companies worldwide, approximately 150 of which are from the Mena region, and 30 plus investments in Dubai alone. As the most active early stage venture capital firm in the world, as reported by Pitchbook.

"We know the market well and are excited about investing further in the region and collaborating with premier partners in the UAE to see even greater success," said Powell. "500 Startups does not look at the UAE as simply a place to invest in from afar. We have deep partnerships here. Abu Dhabi Financial Group is an anchor investor in our flagship global fund which invests in the top companies from our 14 regional funds around the world. Over the next few months, we're scouting for the best locations and partnerships in the region to further increase our on-the-ground presence and get even more involved with the ecosystem."

Another global accelerator Techstars with a network of 1,600 companies with a market cap of $17 billion under Techstars accelerator portfolio has already consolidated its operations in Dubai.

Vijay Tirathrai, managing director, Techstars, said: "The Expo will be a stimulus for innovation, and opportunity for start-ups looking for inspiration and potential for collaboration with nations around the world. It also will help start-ups forming smart partnerships with larger corporations and governmental agencies to showcase their technologies for to demonstrate proof of concept."

The UAE is now a vibrant start-up ecosystem with an increased number of accelerators and corporate innovation programmes being launched. For instance Techstars, has just launched its second accelerator at Hub71 in Abu Dhabi.

"In the UAE we have seen an all time number of deals and funding valuations raised by start-ups thus far in 2019. The crowning moment in UAE has also seen a historic liquidation event with the $3 billion Careem deal. This augurs well for budding entrepreneurs who have become more confident of both local investor community and increasingly foreign interests in UAE start-ups," said Tirathrai.

Techstars is launching their second accelerator programme in UAE which will commence in January 2020 at the Hub71 in Abu Dhabi. Backed by Mubadala Investment company, the programme will have a broad sector interest, such as ICT, energy, healthcare, petrochemicals, cyber security for example. Start-ups which uses AI, Machine Learning, Blockchain, IOT, Robotics, and AR/VR technological use cases will be of interest. Techstars aims to make 10 new investments by January 2020.

In terms of funding, Magnitt reported that 2018 saw a record number of 366 startup deals across the Mena region with the UAE accounting for the biggest share of funding (70 per cent of the total funding). The UAE remained the largest recipient of startup funding in the first half of 2019 with 26 per cent of the total number of deals and 66 per cent of the total investment amount in Mena. Around 130 institutions invested in Mena-based startups in H1 2019, up 30 per cent from H1 2018. In addition, 30 per cent of them came from outside the Mena region.

Walid Hanna, founder and CEO, Middle East Venture Partners (MEVP), said: "With its supportive environment and world-class infrastructure, the UAE has developed the most advanced tech ecosystem in the Mena region and attracted a favorable concentration of entrepreneurs, angel investors, incubators, accelerators and VC funds.With the large investments taking place recently, the pace and size of exits has also accelerated compared to previous periods with Souq, Careem, Namshi and others."

The Expo 2020 will inevitably draw attention to the startup ecosystem in Dubai and the UAE as a whole. The event is expected to bring in 25 million visitors and startups will therefore get access to a large number of organisations which will be attending Expo2020 - this will be a once in a lifetime opportunity for sourcing global clients and business partners. In addition, there will be initiatives that incentivize innovation under the umbrella of the global summit such as Expo Live, a $100 million initiative that will deploy a combination of grants, challenge prizes and knowledge-sharing events focused on the universal drivers of progress.

 

Source:-https://www.khaleejtimes.com/business/local/global-vcs-bullish-on-expo2020-dubai

  • Deepika Chawla
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  • 17/Sep/2019
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Process VAT refunds only through official platforms: FTA

In response to reports that some bank customers have been receiving emails from unidentified sources impersonating banks and financial institutions requesting personal data with the promise of helping them claim their Value Added Tax (VAT) refunds, the Federal Tax Authority reaffirmed that tax refunds are processed only through the authority's official website.

In a press statement issued on Tuesday, the authority noted that some recipients have been asked to provide personal data, including names, credit card numbers, and PIN codes, claiming that providing the information will allow them to recover VAT.

"Refunding taxes for legally eligible applicants is a direct transaction between the registered business and the FTA, and does not call for any intermediaries," the authority said.

"The process is completed via advanced electronic systems, available on the FTA's official website, which include security features for financial transactions. It is done through official channels using the International Bank Account Number (IBAN), and via systems under the authority of - and electronically linked to - the UAE Central Bank."

The authority added that all of these official systems involve dealing directly with the FTA using Tax Registration Numbers. "They stand out for their accuracy, confidentiality, and data security, in addition to being inaccessible via email or any other medium that may be prone to piracy and hacking," the statement said.

The FTA went on to reiterate its warning to all registered businesses, calling on them to remain vigilant and maintain the confidentiality of their personal data.

It also said that all transactions - registration, submitting tax returns, refunding tax for eligible candidates, etc. - can be completed with a few simple steps via the e-Services portal, available 24/7 on the FTA website: www.tax.gov.ae.

 

Source:-https://www.khaleejtimes.com/business/vat-in-uae/uae-makes-new-vat-announcement-heres-how-it-affects-you

  • Ankit Sharma
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  • 14/Sep/2019
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