Digital Formula
of Trust Consultants
of Trust Consultants
Tax Advisory & Accounting Services
Digital Formula
of Trust Consultants
of Trust Consultants
Tax Advisory & Accounting Services
Our firm with an office in Dubai provides wide range of services relating to tax structuring and consulting in various areas as well as tax compliance and accounting support. We work with the UAE based and international clients building trust and helping to find sustainable solutions in a changing environment.
The values we believe in
Excellence
Passion
Commitment
Transparency
Do you want to:
- achieve optimal tax burden in your group and manage the risks?
- expand your business or change your business model?
- choose between the UAE and other countries?
- choose between the UAE mainland and free zone company?
- elect the corporate tax regime for you in the UAE?
- be compliant with transfer pricing rules?
- complete your corporate tax return in the UAE?
- have duly prepared IFRS financial statements?
- plan succession for your family?
Our Services
We can help you with:
Our Clients and Examples of our Projects
We realize projects for corporate clients operating in oil and gas, metallurgy, transportation, logistics, trading and other industries as well as high net worth individuals and their personal holding vehicles. Below are examples of our projects.
- Complex approach from the UAE and other countries tax perspective
- Step plan for moving various assets to the UAE free zone company (foreign investment portfolio, cash, precious metals as well as debt restructuring)
- Review and recommendations on documents upon implementation
- Advising on mechanism of redeemable shares for the UAE free zone company
- Options for future financing of the structure
- Coordinating the work with all other parties during the process
- In-depth analysis of tax and legal aspects of redomiciliation
- Structuring and tax analysis of financing flows before and after the transaction
- Assisting during the redomiciliation process
- Coordinating the work with experts in various countries
- Specifics of tax regime options (9%/ 0%) taking into account the assets and planned transactions
- Profit distribution strategy and overall tax burden for the foreign shareholder
- Recommendations on the most suitable approach
- Corporate tax return completion
- Preparation of IFRS financial statements that were audited
- Transfer pricing planning and compliance
- Preparing UAE-compliant benchmarking studies and helping to adapt existing studies to the UAE-requirements
- TP aspects of commodity, service and financial transactions
- Advising on the specifics of completing related-party schedule and connected persons schedule of the tax return
- Diagnostics of the family situation and plans for using the assets
- Designing the Foundation structure with allocation of rights and functions
- Tax implications for all the elements of the structure in their countries and minimization of risks
- Choosing tax regime in the UAE (“transparent” tax status)
- Review the Foundation charter documents from tax perspective
- Step plan for moving assets to the Foundation and tax support within implementation
- Tax registration of the Foundation and application for the tax transparent status (with its future annual confirmation)
- Bookkeeping, interim management accounts and annual IFRS financial statements
Contacts
Ekaterina Ryabova
- 30+ years of expertise in taxation and accounting
- Leads projects related to accounting, tax, financial and management reporting as well as developing and improving corporate tax function
- Large number of successful projects of various complexity and scale in financial and tax accounting for companies operating in different industries, including wholesale and retail trade, construction, manufacturing, engineering and telecommunications
Anna Modyanova
- 20+ years of expertise in international tax structuring
- Tax structuring services to corporate clients and high net worth individuals: design of holding, financial, operating, trading, management structures as well as private structures including foundations and trusts
- Significant number of complex projects involving tax issues in various countries upon entering new markets and restructuring in the GCC countries and other foreign jurisdictions
- Ph.D. in Economics; Certified Public Accountant (CPA); Full Member of STEP (Society of Trust and Estate Practitioners)
Anna Modyanova
- 20+ years of expertise in international tax structuring
- Tax structuring services to corporate clients and high net worth individuals: design of holding, financial, operating, trading, management structures as well as private structures including foundations and trusts
- Significant number of complex projects involving tax issues in various countries upon entering new markets and restructuring in the GCC countries and other foreign jurisdictions
- Ph.D. in Economics; Certified Public Accountant (CPA); Full Member of STEP (Society of Trust and Estate Practitioners)
The UAE Corporate Tax Consulting & Compliance
- Suitable tax regime and elections for your situation (9%/ 0%/ “tax transparent” status)
- Tax reliefs and exemptions under 9% tax regime
- Free zone 0% tax regime and feasibility of its application
- Ecomonic substance requirements and anti-abuse rules
- Calculation of taxable base with relevant elections and adjustments
- Corporate tax returns
- Tax registration, tax residency certificates, private tax clarifications requests
International Tax Structuring
- Diagnostics of your existing holding, financing, business or management structure
- Restructuring solutions in the UAE and other countries
- Designing a new structure, business model or the way to move assets
- Double tax treaties and feasibility of their application
- Economic substance requirements, permanent establishment and tax residency rules
- Tax support within implementation and restructuring of your new structure
Pillar 2
- Potential impact and implications for your business across the regions you operate and the UAE
- Feasibility of Safe Harbours for a transitional period, current exemptions and reliefs
- Compliance obligations
- Options for tax risks minimization from the UAE and other countries perspective
Private Wealth Tax Services
- Designing a private ownership structure and its management for your specific case
- The UAE foundation – feasibility for you
- Suitable tax regimes (“transparent”/ “non-transparent” tax status)
- Step plan of transferring assets to the structure
- Tax support upon implementation
- On-going tax compliance, accounting and IFRS financial statements in the UAE
Transfer Pricing
- Price setting and methodologies in transactions between related parties and connected persons taking into account the UAE specifics
- UAE-compliant benchmarking studies and transfer pricing documentation
- Corporate tax return (related party transactions schedule and connected persons schedule)
Accounting & Financial Statements
- Bookkeeping
- Developing accounting policies
- Interim financial/management reports
- Annual IFRS financial statements including necessary statements and notes
- Communication with your auditors