UAE Federal Law on Foreign Direct Investment

Lavin Nalinababu, Business Consultancy

image

HLB HAMT - Accounting Firm in UAE
Phone:- +971 4 327 7775
Mobile:- +971 55 160 1291
Email:- dubai@hlbhamt.com

    Get Free Consultation




    The UAE government had come up with a landmark initiative last year, allowing complete ownership to foreign investors. Along with 100 percent ownership, the law also grants many incentives & competitive advantages. It is not applicable to financial and non-financial free zones.

    Benefits and Guarantees 

    • The property won’t be confiscated unless it is for public benefit and with a fair compensation.
    • Project funds won’t be seized without a court hearing.
    • The licensed foreign investment firms will be treated like national firms
    • Financial transfers can be made for project returns outside UAE.
    • Technical, economic and financial information and investment initiatives will remain confidential.
    • The right to use real estate.

    Additional privileges

    • A single or numerous partners can be involved.
    • Ownership can be transferred to a new investor.
    • Changes can be made to the articles of association.
    • The legal form of the organization can be changed.
    • Can carry out merger, acquisition or liquidation.

    Steps involved in licensing an FDI Project (from positive list)

    1. Choose the business activity of the firm
    2. Once you receive the initial approval, a foreign direct investment license application should be submitted.
    3. Reserve the trade name. An indication of the legal form of the company and the expression ‘Foreign Direct Investment (FDI)’ must follow the name of the company.
    4. Obtain approvals from authorities concerned
    5. Submit proof of submission to join Tawteen Partners Club
    6. Pay the fee and get approval and FDI license
    7. Start a bank account on behalf of the company and deposit minimum 20 percent of the capital.

    The FDI capital should not be less than the specified minimum capital value.

    Procedures for approving a project license application that is not specified under the positive list

    • The investor need to submit the application for approval of the project license to the competent authority of foreign direct investment. The authority will submit the request to the FDI committee for consideration, which might approve or reject the application. The licensing authority and the local government in the concerned emirate will be involved in the process.
    • Once the request is submitted to the FDI committee, the committee will submit a recommendation to the UAE cabinet. If the cabinet approves the request, the same will be notified to the investor via the competent authority. The investor needs to provide certain data, information and documents once the request is approved.
    • The competent authority will issue approval of the license with in five working days from the date of meeting the required documents and procedures.
    • If the competent authority rejects the license request, the decision will be final and not subject to appeal.

    Would you like to rate us on Google?         

     

    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
    Next Reviews
    js_loader

    Get in touch

    Whatever your question our team will point you in the right direction

    Start the conversation

    Covid-19: Technology Opportunities

    Vimal Ramachandran, Director

    image

    HLB HAMT - Accounting Firm in UAE
    Phone:- +971 4 327 7775
    Mobile:- +971 52 830 7998
    Email:- dubai@hlbhamt.com

      Get Free Consultation




      The COVID-19 outbreak has brought about rapid changes around the world which has compelled governments to take drastic measures to contain its spread. Even though it has been creating havoc to people and businesses, it has also created numerous opportunities for one sector in general, and that is technology.

      Technology Opportunities

      • The rise of mobile and VoIP applications
      • Data Protection
      • Artificial Intelligence
      • Cybersecurity
      • Technology Contracts
      • Innovation
      • Increased online media consumption
      • E-gaming

      The rise of mobile and VoIP applications

      The pandemic has forced numerous cities all over the world to enter into a lockdown and during a time like this the only way for people to go on with their lives and businesses is to rely on technology. People have started to spend more time on mobile apps and calling apps are being used for videoconferencing to schedule work meetings, home schooling or just to catch up with friends and family. These requirements have prompted regulators to remove blockers to the deployment of these solutions.

      In Oman, the restrictions on Microsoft Teams, Zoom and Google Meet were lifted by TRA and Qatar unblocked Zoom, Microsoft Teams and Webex.

      The UAE TRA unblocked Microsoft Teams and Zoom VoIP applications to enable remote working and home schooling. The restrictions on VoIp was eased in collaboration with Etisalat and Du and this is just a temporary measure. The move has helped lessen the disruption to businesses and have also enabled some to use online platforms to deliver their services.

      KSA had recently established Saudi Data and Artificial Intelligence Authority (SDAIA), which hosted the Extraordinary Virtual G20 Summit. The Summit was successful in bringing together G20 leaders to discuss initiatives to combat the global spread o f the Covid-19.

      Data Protection

      Employers in the UAE can implement precautionary measures to protect their employees, but this must be done taking into consideration general provisions in the penal code and in the Constitution aimed at preserving the dignity and secrecy of an individual’s private life. For example, it may not be right to reveal the name of an employee who has contracted the virus. But, for the safety of others who have been close to this particular employee, disclosing the details might be deemed necessary.

      Abu Dhabi Global Market (ADGM) has issued a guidance note recently stating that a data controller can process personal data in cases of emergency. But this data will have to be processed fairly, lawfully and securely, and only if it is adequate, relevant and proportionate for the purposes for which it is being processed.

      The UAE has two laws specifically for the protection of health data, the Federal Health Data Law and the Heath Care Data Protection Law in Dubai Health Care City (DHCC).

      The law in DHCC is applicable for organizations incorporated there and it protects patient health information from being disclosed to third parties without their permission. But again, the data can be used if it is “necessary to prevent or lessen a serious and imminent threat to public health or public safety”. The Federal Health Care Law also follows the same principle.

      Artificial Intelligence

      Dubai police is using AL solutions to distinguish between vehicles that have movement permits or the ones that are used by people working for important sectors from vehicles of people in breach of the lockdown.

      Etihad Airways is depending on technology and automation to screen passengers for signs of COVID-19. Various groups are bringing together AI experts to combat COVID-19. Many have made AI tools available for free and launched hackathons to galvanize a community of developers, researchers and scientists.

      Cybersecurity

      Corona-virus themed attacks have been on a rise, specifically in the form of phishing emails. The World Health Organization (WHO) has warned people of phishing emails being sent in the name of the organization. 

      It has become the need of the hour to reinforce the information security system of organizations and adopt advanced analytics platforms to detect and resolve vulnerabilities.

      Technology Contracts

      The pandemic has resulted in a major disruption to the global tech supply chain across different sectors and made us realize the need to leverage and embrace technologies such as 5G, smart city solutions, AI and IoT. This will help us meet future global challenges such as the need for smart tools to identify virus hotpots and the requirement for remote communication. One can expect a growth in the adoption of these innovative technologies across international markets.

      From a legal perspective, clients should take into consideration current and future transactions. Care must be taken while drafting future IT contracts in a COVID-19 environment.

      Innovation

      It is during crises like these, people come up with innovations. The UAE Ministry of Health is collaborating with telecom operator Du to set u a virtual hospital, that will provide remote care to patients on a virtual basis with the help of smart monitors or AI devices. COVID-19 has prompted the country to come up with an innovation like this. The initiative enables healthcare professionals to see and communicate with their patients and gain access to their data.

      Hospitals in UAE have implemented telemedicine services to help patients without exposing them to the infection.

      In KSA, The Ministry of Health established an e-Health strategy that includes the use of telemedicine. Telemedicine falls under Saudi Telemedicine Network project, a collaboration with Canada Health Infoway and Ontario Telemedicine Network.

      Increased online media consumption

      There has been a significant growth in the use of online media ever since the pandemic outbreak. Global media streaming platforms such as Netflix and Amazon Prime Video had to reduce traffic and definition to reduce the pressure on telecom service providers. Twitch, a live-streaming platform owned by Amazon has reported a growth of 75 % in the number of hours watched while compared to the last quarter. MBC’s VoD platform (Shahid) also witnessed a massive growth in its number of users and hours.

      E-gaming

      Almost all sporting events in UAE and across the globe have been cancelled due to the pandemic and people have started resorting to e-sports. Major brands realized the increasing interest users started showing towards online sports and have started to pitch in. The industry will hopefully continue its successful journey even after the pandemic is over.

      The pandemic has imposed serious challenges on mankind. Majority of the population is working from home and schooling is also being done remotely. Even after we combat the crisis, some of the changes are here to stay. If virtual business meetings were successful during this time, then why spent your time and money on travel after the world is free of corona? Companies can reduce costs to a large extend, without any negative impacts on businesses.

      More businesses will start adopting cloud computing technologies which will help them reduce their spent on IT infrastructure and scale-up their operations.

      Would you like to rate us on Google?         

       

      Varun R Chandra
      Varun R Chandra
      07:38 25 Apr 21
      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
      Giuseppe Assi
      Giuseppe Assi
      06:20 31 Jan 21
      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
      Mohamed Sheriff
      Mohamed Sheriff
      16:16 28 Jun 20
      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
      218141 JOSEPH THOMAS
      218141 JOSEPH THOMAS
      16:20 23 Jun 20
      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
      PMI
      PMI
      07:14 23 Jun 20
      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
      RAVI CHOKSI
      RAVI CHOKSI
      08:28 21 Jun 20
      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
      Maharajan Subramaniam
      Maharajan Subramaniam
      18:17 06 Jun 20
      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
      Mohammed L
      Mohammed L
      08:07 05 Jun 20
      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
      ROY ROSHAN VIVIAN
      ROY ROSHAN VIVIAN
      06:32 04 Jun 20
      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
      Basil Daniells
      Basil Daniells
      05:55 03 Jun 20
      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
      Amar Kashyap
      Amar Kashyap
      19:28 02 Jun 20
      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
      Radz de Jesus
      Radz de Jesus
      16:03 02 Jun 20
      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
      Next Reviews
      js_loader

      Get in touch

      Whatever your question our team will point you in the right direction

      Start the conversation

      Business Diversification : Factors to Consider

      Sumesh Krishna, Partner

      image

      HLB HAMT - Accounting Firm in UAE
      Phone:- +971 4 327 7775
      Mobile:- +971 50 749 0576
      Email:- dubai@hlbhamt.com

        Get Free Consultation




        The impact of coronavirus on businesses has made us realize the importance of diversification. When a particular product or service suffers due to the pandemic, you still have others to rely on, and thus the risk factor reduces.

        There are certain factors that you must look into before proceeding with the diversification strategy;

        Financial sense

        Many people believe in taking more significant risks to achieve higher returns and hence step into diversification. But, the result may not always be positive.

        If you decide to go ahead with your current model, it is safe and cost-free; whereas diversification involves additional finance. For a smoother ride, a thorough analysis of the financial aspects of the diversification strategy is a must.

        Core competencies of the firm

        Business leaders should have a definite idea on the core competencies of their organization. This will help in continuing with the business without any interruption irrespective of any crisis. In some instances, it can also lead to the creation of more value to the business houses.

        If you a not able to bring together your stakeholders under one roof due to the pandemic, possibilities of using technology to continue the service can be given a thought.

        Evaluating the assets

        If there are business assets that could be used for multiple purposes and if there is a market for the new service offering, then go for it. Let’s take the case of a vehicle rental company. They have a fleet of vehicles with them, from which some can be used for home delivery services. This will result in additional income and making cashflows without any extra investment.

        The right expertise and resources

        Once you make up your mind to expand the business, the next thing would be to question yourself whether you have the right expertise and resources to carry out the process successfully. If expanding requires you to bring in additional skills or expertise, the process should be planned cost-effectively.

        Diversification doesn’t always require you to make drastic changes to your business plans. Sometimes, a small step will be sufficient to diversify the business. For example, if you run a training company, you can include new courses, and in the case of catering business, new categories or cuisine can be added. This way, the risk factor can be reduced as it does not involve any significant changes.

        Diversification might sound little risky and painful, but if done correctly, the results will be wort h the effort.

        Would you like to rate us on Google?         

         

        Varun R Chandra
        Varun R Chandra
        07:38 25 Apr 21
        HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
        Giuseppe Assi
        Giuseppe Assi
        06:20 31 Jan 21
        I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
        Mohamed Sheriff
        Mohamed Sheriff
        16:16 28 Jun 20
        Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
        218141 JOSEPH THOMAS
        218141 JOSEPH THOMAS
        16:20 23 Jun 20
        Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
        PMI
        PMI
        07:14 23 Jun 20
        In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
        RAVI CHOKSI
        RAVI CHOKSI
        08:28 21 Jun 20
        Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
        Maharajan Subramaniam
        Maharajan Subramaniam
        18:17 06 Jun 20
        High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
        Mohammed L
        Mohammed L
        08:07 05 Jun 20
        We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
        ROY ROSHAN VIVIAN
        ROY ROSHAN VIVIAN
        06:32 04 Jun 20
        Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
        Basil Daniells
        Basil Daniells
        05:55 03 Jun 20
        I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
        Amar Kashyap
        Amar Kashyap
        19:28 02 Jun 20
        Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
        Radz de Jesus
        Radz de Jesus
        16:03 02 Jun 20
        We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
        Next Reviews
        js_loader

        Get in touch

        Whatever your question our team will point you in the right direction

        Start the conversation

        Saudi Arabia Increases VAT to 15%

        Jay Krishnan, Partner

        image

        HLB HAMT - Accounting Firm in UAE
        Phone:- +971 4 327 7775
        Mobile:- +971 50 677 5860
        Email:- dubai@hlbhamt.com

          Get Free Consultation




          Saudi Arabia has decided to triple its VAT, from 5 percent to 15 percent. The measure is being taken to support the coronavirus-hit economy and it will be effective from July 1st.

          Apart from this, the cost of living allowance will also be suspended, from 1 June. “These measures are painful but necessary to maintain financial and economic stability over [the] medium to long term and overcome the unprecedented coronavirus crisis with the least damage possible,” finance Minister Mohammed al-Jadaan said in the statement.

          The pandemic and record low oil prices have forced the government to come up with emergency plans to reduce spending and save the economy.

          Saudi Arabia had imposed VAT on goods and services in 2018 along with other Gulf countries, as a part of its economic diversification strategy. The VAT rate in UAE remains the same, despite the current crisis.

          Would you like to rate us on Google?         

           

          Varun R Chandra
          Varun R Chandra
          07:38 25 Apr 21
          HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
          Giuseppe Assi
          Giuseppe Assi
          06:20 31 Jan 21
          I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
          Mohamed Sheriff
          Mohamed Sheriff
          16:16 28 Jun 20
          Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
          218141 JOSEPH THOMAS
          218141 JOSEPH THOMAS
          16:20 23 Jun 20
          Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
          PMI
          PMI
          07:14 23 Jun 20
          In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
          RAVI CHOKSI
          RAVI CHOKSI
          08:28 21 Jun 20
          Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
          Maharajan Subramaniam
          Maharajan Subramaniam
          18:17 06 Jun 20
          High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
          Mohammed L
          Mohammed L
          08:07 05 Jun 20
          We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
          ROY ROSHAN VIVIAN
          ROY ROSHAN VIVIAN
          06:32 04 Jun 20
          Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
          Basil Daniells
          Basil Daniells
          05:55 03 Jun 20
          I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
          Amar Kashyap
          Amar Kashyap
          19:28 02 Jun 20
          Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
          Radz de Jesus
          Radz de Jesus
          16:03 02 Jun 20
          We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
          Next Reviews
          js_loader

          Get in touch

          Whatever your question our team will point you in the right direction

          Start the conversation

          Dubai Expo 2020, new dates announced

          Lavin Nalinababu, Business Consultancy

          image

          HLB HAMT - Accounting Firm in UAE
          Phone:- +971 4 327 7775
          Mobile:- +971 55 160 1291
          Email:- dubai@hlbhamt.com

            Get Free Consultation




            Expo 2020 has been one of the most anticipated events that the entire world was looking forward to. But, unfortunately the current pandemic crisis has forced the organizers to postpone the event by a year. It has been decided to conduct the event from 1st October 2021 to 31 March 2022, following a vote from Bureau International des Expositions (BIE) Member States.

            According to His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates Group, and Chairman of the Expo 2020 Dubai Higher Committee, said: “We welcome the decision of BIE Member States to support the delay Expo 2020 Dubai by one year. We are thankful to Member States for their continued commitment to contributing to a World Expo in Dubai that will play a pivotal role in shaping our post-pandemic world at a time when it will be most needed.”

            “Organising an international and successful event would require stability, freedom of movement and safety which unfortunately the world is currently missing due to the outbreak of the new coronavirus,” said Beatrix Karl, Commissioner General of the Austria Pavilion.

            “We look at the decision of postponing Expo 2020 Dubai for one year as the collaborative and supportive response that shows global solidarity amid the uncertainty and risks everyone is facing nowadays.”

            The member states voted remotely on the BIE Executive Committee’s recommendation for a delay as proposed by the UAE Government at the beginning of April and recommended by the BIE Executive Committee on April 21. Dimitri S. Kerkentzes, Secretary General of the BIE, said: “I applaud the swift response by BIE Member States. Their support for the postponement of Expo 2020 Dubai – which will be formally approved on 29 May – is a renewed sign of solidarity, and demonstrates the shared will to work together in ‘creating the future’.

            The first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region, and largest ever event to take place in the Arab world, the Expo, will bring together the best of trade, innovation and products from across the globe. It explores the theme ‘Connecting Minds, Creating the Future’.

            Would you like to rate us on Google?         

             

            Varun R Chandra
            Varun R Chandra
            07:38 25 Apr 21
            HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
            Giuseppe Assi
            Giuseppe Assi
            06:20 31 Jan 21
            I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
            Mohamed Sheriff
            Mohamed Sheriff
            16:16 28 Jun 20
            Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
            218141 JOSEPH THOMAS
            218141 JOSEPH THOMAS
            16:20 23 Jun 20
            Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
            PMI
            PMI
            07:14 23 Jun 20
            In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
            RAVI CHOKSI
            RAVI CHOKSI
            08:28 21 Jun 20
            Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
            Maharajan Subramaniam
            Maharajan Subramaniam
            18:17 06 Jun 20
            High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
            Mohammed L
            Mohammed L
            08:07 05 Jun 20
            We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
            ROY ROSHAN VIVIAN
            ROY ROSHAN VIVIAN
            06:32 04 Jun 20
            Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
            Basil Daniells
            Basil Daniells
            05:55 03 Jun 20
            I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
            Amar Kashyap
            Amar Kashyap
            19:28 02 Jun 20
            Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
            Radz de Jesus
            Radz de Jesus
            16:03 02 Jun 20
            We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
            Next Reviews
            js_loader

            Get in touch

            Whatever your question our team will point you in the right direction

            Start the conversation
            Get in touch
            x
            x

            Share to:

            Copy link:

            Copied to clipboard Copy