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At FINACT, our dedicated team of professionals is committed to delivering superior services that add value to our clients' businesses and contribute to their success. With our expertise and personalized approach, we strive to be the trusted partner that organizations turn to for all their professional service needs.
Our Services
Accounting Services
Committed to providing top-tier professional services, we surpass conventional approaches. Our dedication involves investing time in a thorough analysis of your business objectives. With a keen focus on your specific requirements, we guarantee a tailored and precise approach to meet your distinct needs. Mindful of first-generation entrepreneurs, we offer supportive guidance through the intricacies of business endeavors. Our core values emphasize collaboration with clients on innovation, forming dynamic partnerships that drive businesses towards growth and success.
Our talented pool of experts excels in handling both exceptional and routine transactions, extending from financial reporting. Our qualified and experienced accounting professionals are available to meticulously transcribe even the most complex business transactions, while adhering to the relevant accounting standards and practices applicable in the reporting geography. Whether it's assisting in the accounting of intricate lease transactions or consolidating financial statements for various undertakings, subsidiaries, or branches operating across different geographies and following diverse standards, our experts are well-equipped for the task. Additionally, we can develop tailored accounting manuals based on the business model and practices/ERP platform in use, providing valuable resources for your team members.
Secondment of Resources
Gain access to specialized professionals for your projects, avoiding the expense of full-time hires. Consider it leveraging expert skills without the commitment to long-term expenses!
Our clients can benefit from access to our well-trained and specialized resources with subject matter expertise. We boast a world-class talent pool of professionals specializing in complex Tax Matters, Corporate Law affairs, Chartered Accountancy, Company Secretarial services, HR professionals, and more. In situations where clients require resources with specific training for a particular occasion, we can provide suitable personnel to meet those needs. Our approach helps clients secure resources for specific tasks without incurring permanent costs on their profit and loss statements.
Startup Incubation Program
Navigating expert assistance can be challenging, particularly in the initial stages. This is where our shared services make a difference. We fill the void, offering comprehensive support across financing, logistics, marketing, branding, and IT setup, among others. Our scope extends beyond, covering procurement, operations, and compliance to ensure a seamless experience.
If you have a groundbreaking idea, we're here to guide you in transforming it into a sustainable business through our startup incubation program. We recognize the essential elements crucial for a business's sustainability. Often, startups face challenges in transitioning from innovative concepts to successful businesses. Young entrepreneurs, particularly those from a technological background, may possess the potential for a saleable product but lack awareness of other critical components within the value chain.
Understanding the significance of a well-rounded business approach, we address areas such as capital structure, logistics chain management, sales and marketing strategies, brand building, and ERP/IT platform implementation. We also consider crucial aspects like procurement, commercial operations, and compliance necessary for seamless business operations.
Even if entrepreneurs are aware of these components, they may encounter difficulties in hiring professionals with specialized skills, especially during the initial phases of business. Our support comes in the form of shared services, allowing startups to access specialized resources without the need for full-time commitments. This flexible model enables entrepreneurs to pay only for the time they utilize resources, alleviating the burden of maintaining expensive specialists during the early stages of their business.
Tax Services
Your comprehensive guide through the shifting tax environment of the UAE and GCC, we aim to enhance your advantages while reducing your tax obligations. As the tax landscape in the United Arab Emirates and other GCC nations continues to transform, our globally experienced team guarantees impeccable compliance and positions you strategically for optimal tax benefits.
The FINACT consultancy’s highly experienced team excels in advising on complex VAT (Indirect Taxes) issues and Corporate Tax (Direct Tax) matters including International Tax. We provide valuable insights into the best interests of our clients, addressing issues such as cross-border transactions, complex jurisdiction matters, transfer pricing, and concerns related to free zone entities.
Our specialized team conducts impact assessments of tax provisions on businesses and offers advice on structuring operations to enable clients to take optimal tax positions. Recognizing that meticulous documentation, accounting, and bookkeeping form the foundation of tax assessment, our tax professionals guide client teams in adopting best practices. This ensures that every provision of tax laws is meticulously adhered to, leaving no room for unnecessary tax leakage.
Risk & Assurance
The goal of the Risk and Assurance team is to serve the public interest by providing high-quality, analytics-driven audits with independence, integrity, and objectivity. We go beyond compliance audits, partnering with you to actively manage risk. Our expert team pinpoints vulnerabilities pro-actively, collaborating on mitigation strategies tailored to your business. We empower you with real-time risk assessments and insightful periodic reviews, guiding you to adapt and thrive in a dynamic market.
At FINACT, our approach to auditing is distinct; we view it not as a fault-finding or postmortem exercise but as an active participation with business drivers. Our focus extends beyond mere compliance audits, as we provide real-time risk assessments and collaborate on mitigation strategies with business owners. Our specialized team employs proven processes to identify risks proactively, drawing on industry experts with diverse exposure and a wealth of knowledge.
We offer robust periodic reviews of business operations, presenting information in a format that aids operational and business heads in organizing their endeavors effectively. Our role is to guide businesses in staying on their predetermined path and adapting strategies when needed, responding to both internal factors and external challenges.
Technology
In today's digitally driven landscape, selecting the right technology solutions is just the beginning of your journey towards maximizing your business potential. At FINACT, we understand that true success lies in seamlessly integrating and customizing these solutions to fit your unique business needs. That's why we take a hands-on, immersive approach to every aspect of technology implementation, ensuring that you unlock the full power of your ERP platforms and beyond.
Our commitment to your success goes far beyond the confines of ERP and accounting software. We believe in empowering your team with the knowledge and skills they need to thrive in the digital age. That's why we provide comprehensive training programs tailored to your organization's specific requirements and create clear, user-friendly manuals to guide your team every step of the way.
But our expertise doesn't stop there. We recognize that technology touches every facet of your business, from warehouse management to human resources. That's why we extend our services to include Warehouse Management Systems (WMS) and Human Resource Management Systems (HRMS), helping you streamline operations and optimize workforce management practices.
With FINACT, you're not just investing in technology solutions; you're investing in a trusted partner who is dedicated to your long-term success. Let us help you harness the full potential of technology to drive sustainable growth and achieve your business objectives.
Consultancy
Navigating the intricate business landscape of the UAE requires experienced guidance. Our highly skilled consultants with ambitious organizations across diverse industries. Leveraging extensive local and global expertise, we offer tailor-made solutions tackling critical challenges. From crafting the perfect capital structure and selecting astute financial partners, to streamlining operations and unlocking global opportunities, we empower your growth every step of the way. Our industry-specific insights, coupled with meticulous attention to detail and personalized support, pave the way for sustainable success.
The FINACT consultancy team comprises seasoned professionals with extensive experience advising on intricate business scenarios across various industries. Our expertise encompasses conducting due diligence exercises for entities ranging from manufacturing to the service sector, and from education to agriculture. Our competent experts are well-equipped to guide you in establishing an appropriate capital structure, selecting the right banking or finance partner, and realigning the entire value chain for business process reengineering.
Our team actively engages in overcoming obstacles to make your business scalable, enabling it to expand into new geographies and capitalize on global opportunities. Whether navigating complex financial landscapes or streamlining operational processes, FINACT Consultancy is committed to assisting you in achieving your business objectives with strategic insights and tailored solutions.
Our subject matter experts have hands-on exposure working in specific industries such as paper, hotel, education, real estate, logistics, banking, Fintech, retail, and many others. These experts can help bring industry best practices to benefit you on all fronts, ensuring sustainable growth.
We specialize in assisting first- and second-generation entrepreneurs in transitioning from family-driven businesses to process-driven organizations. This transition provides individuals with an exit route without compromising the business and sacrificing its value.
Our services extend to not only building valuation but also unlocking value at the appropriate time, ensuring a comprehensive approach to your business success.
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