ADDING VALUE TO BUSINESSES IN THE UAE

Why Dubai?

For decades, the economic development of The United Arab Emirates (UAE) was based on their crude oil and gas reserves. However, in the early nineties, the UAE federal government decided to pursue a diversification program aiming to reduce its monetary dependence to oil.

 

As a result, UAE grew an appetite for developing its financial service sector, aiming to become a regional financial centre.

 

International Financial Centres (IFCs) serve as clusters of excellence and expertise in economic and financial services and strive to deliver inclusive and sustainable development as part of an integrated network. IFCs display modern networks and infrastructures, flexible yet sound regulation and the ability to attract foreign investors.

DTOS' presence in the UAE

Dubai has a natural proximity and a lot of business and cultural affinities with Northeast African countries while Mauritius has maintained great closeness with Southeast African countries.

 

With more than 28 years of experience in setting up Trusts and Foundations in Mauritius, DTOS has the skills and competencies in the setting up of such vehicles in the UAE.

 

The opening of our regional offices in Dubai and Ras Al Khaimah has broadened the possibilities for investors to operate through a complementary jurisdiction and offer them the opportunity to choose within additional vehicles and therefore, to maximize their advantages for cross-border investments into Africa.

OUR SERVICES IN THE UAE

Terry Antoinette

Managing Director - DTOS International Middle East DMCC

Terry is the Managing Director of DTOS companies in the UAE. A fellow member of the Association of Chartered Certified Accountant (UK) with over 16 years’ experience in corporate management, accounting and tax, he lives in UAE since 2012. His experience working in the jurisdiction, including in DIFC and ADGM, and extensive knowledge of UAE structures and of local regulations including VAT and Economic Substance Regulations are assets to DTOS Group. Prior to moving to the United Arab Emirates in 2012, Terry handled the financial reporting for a large portfolio of clients which included multinationals and closed-ended funds based in Mauritius.

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Client Risk Assessment​

• Digitalised Client Screening, profiling and enhanced due
diligence

FATCA/CRS Reporting​

Assistance to comply with US Foreign Account Tax
Compliance Act (FATCA) & OECD Common Reporting
Standards (CRS):


• Apply the prescribed due diligence rules and completing the
‘Self-Certification’ exercise;


• Design and implement internal processes and procedures to
ensure compliance under FATCA/CRS;


• Assist in compiling, assessing, validating and reporting the
reportable information under FATCA/CRS to the competent
authorities in XML format.

Independent compliance audit​

• Run an independent onsite AML / CFT audit


• Run a Consultancy and Project Development programme

Training and Refresher Courses

• AML / CFT Risk Management

• Data Protection Framework

• Legal and Regulatory Updates