W&F Issue 8 2018

www.wealthandfinance-news.com 14 Wealth & Finance International - Issue 8 - 2018 FAME Advisory was launched to provide expert Tax Advisory Services – such as Compliance, Estate and specialised Financial Advisory – to business and families, throughout the United Arab Emirates and further afield. Nirav emphasises what FAME Advisory hopes to accomplish, “Our mission is to provide simple yet innovative solutions for meeting client objectives. Experience suggests that needs and objectives of each client is UNIQUE and need to be attained in a customized manner. We consistently keep exploring various alternatives that works well for a defined objective. We have clients from Hong Kong through to South Africa and the UK, and hence we need to be aware of Global Changes taking place and what would work well within these changes.” This International focus marks FAME apart from their peers – speaking of a practiced expertise in region-specific regulation, and a fine-tuned service that is catered to the client. Fittingly, FAME Group is an ardent believer in being Future-Focused, keeping apace of developments in this notoriously fast-moving sector, “We keep apace through a continuous learning and sharing of knowledge, mostly through speaking opportunities, which in turn allows us to learn more and understand the impact of employing suitable techniques to our client’s requirements. We need to keep abreast of new developments to enable us to update us and in turn update our clients.” This plays directly into FAME’s approach to its internal culture, “Honesty and Transparency are at the core of what we do. We encourage staff to understand client needs accurately and then debate and develop suitable solutions to meet the needs so identified. Continuous learning is very much a part of that. We have an open environment which encourages staff to give their best.” According to Nirav, the field of tax advisory is currently undergoing seismic changes, “It’s an exciting time for Tax Advisory services in the UAE and Middle East, with governments introducing Value Added Tax and strengthening other existing taxes and levies to broad base their Inflows and Revenue. The regulations are evolving, which positions us to advise our clients in this changing environment. Global movement towards Tax transparency, strengthening of existing tax rules and changes due to the Organisation for Economic Co-Operation and Development’s Base Erosion and Profit Shifting (BEPS) project are all major influences on the requirements of the clients.” This ties neatly into Nirav’s vision for the future of FAME, “The regulatory landscape is changing rapidly. We need to embrace technology and use it effectively. We are in the process of writing a book on VAT in the United Arab Emirates which we will be launching in e-book as well as hard bound format. Parallel to this Training arm of the Group (www.fametraining.ae , which is approved by KHDA (Knowledge and Human Development Authority, Dubai) is launching some of its programs on e-learning platforms, including one around VAT compliance with a view to extend flexibility for anyone to learn and understand at their pace and convenience.” Wealth & Finance International’s Finest in Finance Awards were launched at the beginning of the year to recognise the global experts in wealth and money management, Tax Advisory and Investment Services. FAME Advisory, as a firm dedicated to ongoing refinement of their services, is an exemplary example of the extraordinary success that is achieved every day around the world in this incredibly important sector. FAME Advisory DMCC is a boutique Tax Advisory firm which specialises in Corporate and Family Planning Services. In July, Wealth & Finance International Magazine named FAME Advisory in the ongoing 2018 Finest in Finance Awards, with the title of Most Outstanding Global Tax Planning Experts in the United Arab Emirates. Following this success, we spoke to Nirav Shah, Director at FAME Advisory, to find out more about how they have achieved their extraordinary success in the often-challenging advisory sector. Your Leader in Corporate Advisory Services 1808WF03 Contact: Nirav Shah Company: FAME Advisory DMCC Address: 210, Office Court Building, Oud Metha Road, P O Box 103904, Dubai, UAE Website: www.fameadvisory.com www.fame.ae Telephone: 00971 5027 71511