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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SAIF Zone offers 100% foreign ownership, 100% tax exemption

More than 100 chairpersons and members of business councils as well as foreign investors interested in setting up businesses at the Sharjah International Airport Free Zone, SAIF Zone, recently met to discuss the zone's high-end services and incentives.

The meeting was organised by SAIF Zone and attended by representatives of multinational companies including Marian Carella, Chairman of Philippine Business Council, and Iqbal Dawood, President of Pakistan Business Council.

"The free zone is always investing in developing its infrastructure and introducing innovative services that meet the growing and ever-changing needs of investors," said Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone Authority.

The free zone offers 100 per cent foreign ownership of businesses, 100 per cent repatriation of capital and profits, 100 per cent corporate or personal income tax exemptions, and 100 per cent import and export tax exemptions. This is in addition to 24-hour services, issuing of licences within a day, a hotline that guarantees the availability of immediate manpower, equipment, shipment and customs clearance, security and emergency services and accommodation for labour within the zone.

Apart from a container storage area and warehouses, which make it a conducive environment for manufacturing, assembly, packaging, import and re-export services, the zone also offers legal and courier services, customs clearance, banking and medical services as well as transportation to the city.

 

Source:-https://www.khaleejtimes.com/news/government/uae-free-zone-offers-100-foreign-ownership-100-tax-exemption

  • Ankit Sharma
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  • 22/May/2019
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VAT refunds for pavilions at Expo 2020 Dubai

Countries and inter-government agencies will be able to claim value-added tax (VAT) refunds for the costs incurred for the developments of pavilions at Expo 2020 Dubai.

According to a Cabinet decision posted on the Federal Tax Authority's (FTA) website, the commercial space should be less than 20 per cent of the space to be entitled for the refund. The Expo 2020 Bureau will largely administer this process.

the official participants of Expo 2020 may claim a refund where it is incurred in direct connection with the construction, installation, alteration, decoration and dismantlement of their exhibition space.

The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount. The official participant would have to obtain a certificate of refund entitlement from the Expo 2020 Bureau. "A certificate of refund entitlement shall not be granted to any official participant in respect of imports and supplies covered more than 20 per cent of the exhibition space or presentation is used, or intended to be used, for commercial or non-official purposes," Chaturvedi said.

The UAE, as part of the GCC framework, levied 5 per cent VAT on a host of goods and services from January 1, 2018. It expects to generate Dh12 billion revenues in 2018 and Dh20 billion in 2019. VAT refunds will reduce the cost of setting up pavilions and other related charges for the participating countries of Expo 2020, which will run for six months from October 20, 2020, onwards.

Jitendra Gianchandani, chairman and managing partner at Jitendra Consulting Group, said only official participants - countries and intergovernmental organisations that have received and accepted official invitation from the UAE - in a non-commercial capacity as an exhibitor will benefit from this VAT refund scheme.

"This means official participants in a commercial capacity will not be entitled for the VAT refund. Apart from that official participants will not be entitle for the refund if more than 20 per cent of the exhibition space is used for the commercial purpose," he added.

Gianchandani noted that the official participant may also claim VAT refund paid on the import of goods for personal use by the official participant's section commissioner-general, section staff and beneficiaries.

Per the notification, Gianchandani further explained that where a refund has been granted to the official participant in respect of any import of goods, these goods cannot be sold for a consideration or transferred free of charge without prior consent in accordance with the procedures agreed upon between the FTA and the Expo 2020, and without payment of the tax.

Nimish Goel, partner at WTS Dhruva Consultants, said the decision will benefit participants to claim VAT refund, especially where it is not registered for UAE VAT.

"This will encourage greater participation of companies in Expo 2020. By way of granting refund of VAT, the government is effectively making all purchases and imports of goods and services tax-free. A refund shall be available for all purchases used in construction and building of pavilions at the Expo," said Goel.

"This is a very positive step that goes to show that UAE government is highly committed to have increased participation of the companies and governments leading to a significant increase in footfall and increased investment in the country."

Girish Chand, director at MCA Management Consultants, said this Cabinet decision will benefit pavilions that are primarily showcasing their country capabilities and products and do not have non-official/commercial element in excess of 20 per cent of the leased out space.

"If they're registered, they will be entitled to input tax credit. However, if they are not registered, this will enable them to claim refund on the goods and services cost incurred on constructing the pavilions and the maintenance cost over the Expo duration. This benefit would be extended to VAT incurred on import of goods for personal use of the official participant's section commissioner-general, section staff and beneficiaries," Chand added.

 

Sources:https://www.khaleejtimes.com/business/local/vat-refunds-for-pavilions-at-expo-2020-dubai

  • Ankit Sharma
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  • 20/Apr/2019
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Dubai attracts Dh38.5 billion worth of FDI in 2018

Dubai remained an attractive destination globally for foreign direct investment (FDI) as it recorded 41 per cent year-on-year growth in FDI last year to Dh38.5 billion, placing the emirate in the first position in total number of FDI projects and capital flows.

The emirate bucked the global trend as FDI worldwide declined 19 per cent in 2018 as reported by the United Nations Conference on Trade and Development (UNCTAD).

According to 'Dubai FDI Annual Resorts and Ranking 2018' released by the Dubai Investment Development Agency (Dubai FDI), the emirate attracted 523 FDI projects in 2018, an increase of 43 per cent over 2017, elevating the emirate's global ranking in the number of new investment projects to third from fourth.

More importantly, FDI projects created about 25,000 new jobs in 2018, an increase of 77 per cent compared to 14,065 jobs in the previous year, effectively placing Dubai in 9th position globally in job creation through FDI.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said the new annual figures reflect investors' confidence in the emirate's ability to sustain economic growth and further boosts its global leadership.

"The first rank is a precursor to Dubai's future achievements," he said.

The official data showed that the US retained its leading position in FDI capital flows to Dubai with a 37 per cent share, while India came second with 12 per cent, followed by Spain (9 per cent), China (7 per cent) and the UK (5 per cent). Together, all the five countries accounted for 70 per cent of total FDI capital inflows and 51 per cent of FDI projects into Dubai last year.

"Dubai FDI Monitor is a testament to Dubai's commitment to enhance competitiveness and transparency of the emirate's investment ecosystem, using innovative technologies and services to serve the global investor community," Sheikh Hamdan added.

The fDi Benchmark, which identifies the best FDI destinations based on comparison of latest FDI data, highlighted that Dubai dominated global rankings throughout 2018, followed by London, Paris, Dublin and Singapore, as the leading city globally in foreign direct investment in 2018.

"The achievement reflects the resilience, diversity and competitiveness of Dubai's economy on a global scale," said Sami Al Qamzi, director-general of Department of Economic Development, Dubai.

He noted that fDi Benchmark has clearly identified Dubai's leading position and strong presence in all areas of investments in 2018.

"Dubai has been ranked first globally among the top 20 cities for renewable energy investments between 2013-2018 and second globally in the 'Global Cities of the Future 2018 - 2019' report in terms of economic potential. Dubai also ranked first among the top FDI cities in the 'City FDI Performance Index,' issued for the first time in 2018," Qamzi said.

DED chief disclosed that medium and high-tech FDI projects were a source of job creation, accounting for 28 per cent of the jobs added in 2018. Medium and high-tech FDI projects comprise 43 per cent of the total FDI projects in 2018 and accounted for 15.6 per cent of total capital inflows.

In terms of top attractive sectors, FDI flows were largely concentrated in the accommodation and food services sectors with 46 per cent of total FDI capital, followed by commercial construction at 15 per cent, residential buildings construction at 8 per cent, arts, entertainment and recreation at five per cent, and finance and insurance at four per cent.

The top five sectors accounted for 78 per cent of all FDI capital and 27 per cent of FDI projects into Dubai in 2018.

Fahad Al Gergawi, CEO of Dubai Investment Development Agency (Dubai FDI), said the emirate continued to advance to become the third most attractive location in the world for greenfield FDI projects.

Massimo Falcioni, chief executive officer of Etihad Credit Insurance, said the advent of Dubai as one of the Top FDI Performers 2018 is a momentous achievement for the emirate and the UAE economy at large.

"Dubai being heralded as a potential investment hub not only reflects the investors' belief in the city's capability to sustain economic growth but it also positions ECI to play a crucial role in encouraging the development and international expansion of local businesses, said Falcioni.

Abhishek Sharma, CEO of Foundation Holdings, said healthcare and education firms in the UAE and especially Dubai have attracted and continue to attract FDI by exploring potential partnerships with renowned international players in the fields.

"Such partnerships aim to bring in the latest innovations that further elevate the UAE's investment environment. For instance, Dubai Healthcare City has partnered with and attracted numerous renowned healthcare institutions such as Moorfields Eye Hospital, Mediclinic, Harvard Medical School Center amongst others. The FDI law passed last year by the UAE government will help influence and transition the country to an innovation driven economy," Sharma added.

 

Source:-https://www.khaleejtimes.com/business/economy/dubai-attracts-dh385-billion-worth-of-fdi-in-2018-

  • Ankit Sharma
  • |
  • 08/Apr/2019
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