• Address:

    Office No: M-07 B Block,
    Hussain Nasser Ahmed Lootah Bldg
    Al Karama, Dubai- UAE.

  • Suite No 23,Level 03
    Al Ottaiba Building
    Hamdan Street, Abu Dhabi-UAE

ETHICS

We don't compromise on integrity, honesty and fairness. We consider these three elements to be our foundation stones.
 

QUALITY

Excellence is our passion and we believe that our reputation depends on the value of our deliverables in the eyes of our customer
 

INNOVATION

We listen to new ideas, learn from them and seek out the best ones. We help our clients implement their ideas and fine-tune them with our innovative thoughts.        

COMPLIANCE

Firmly Committed to Integrity, we place high standards on ethical conduct of business and ensure all the transactions are imparted in a proper fair and ethical manner.

About US

HRM is an auditing and consultancy firm, established in Dubai since 2008, focused on providing a range of audit and management consulting services to small and medium sized companies in the GCC and India. We offer services through our offices in Dubai and Abu Dhabi.

We are registered with DMCC Dubai, Dubai Silicon Oasis Authority and Ras Al khaima Economic Zone as approved auditors.

We do provide innovative techniques and methodologies for success, being supported by a team of professional experts who become your partners in discovering your firm’s true potential and spot new opportunities

HRM Associates (Chartered Accountants) is an independent member of Affilica International, an international network of Accountants and Professional Business Advisors.

  • Innovation

  • Quality

  • Integrity

"In business, the idea of measuring what you are doing, picking the measurements that count like customer satisfaction and performance… you thrive on that."
-Bill Gates

Our SERVICES

Audit & Assurance services

● External & Internal Audit
● Regulatory Compliance & Reporting
● Forensic & Due Diligence Audits
● Systems Process Assurance
● Consultation Reviews

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Book Keeping & Accounting
Supervision services

● VAT Planning
● VAT Training & System Design
● VAT Implementation & Compliance
● International Taxation
● Customs & Excise

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VAT Consultancy Services

● Book Keeping & Supervision
● MIS & Analysis
● Budgeting & Forecasting
● Receivables & Payables Management
● Inventory Management & Control
● Financial Processes & Controls
● Data Driven Solutions

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Management Consultancy &
Business Advisory Services

● Book Keeping & Supervision
● Business plans
● Feasibility reports
● Business valuation reports

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Our Timeline

Provide solutions for the realiable growth

All organisations are perfectly designed to get the results they are now getting. If we want different results, we must change the way we do things.
-Tom Northup

Our TEAM

Maryam, the Chairperson of HRM is a registered Auditor, heading the firm since inception, ten years back. With an experience of 25 years in rendering wide range of professional services; she provides valuable professional guidance to the Audit & Advisory functions at HRM. She serves as the Head of Inspection with Securities & Commodities Exchange, Government of Dubai.

Maryam Al Ahli

Rajesh is an Associate member of Institute of Chartered Accountants of India and a Registered Auditor with the Ministry of Economy, UAE. He has an exposure of 22 plus years in the fields of Audit, Accounting and Taxation. He heads the Assurance & Taxation at HRM with proven professional experience and expertise across segments and contributes through his excellent directions for ethical practices, audit quality and fair practices in the profession.

Rajesh Devadiga

Hari is a management consultant who heads the Business Advisory and Client Support services at HRM. He looks after Valuations & Feasibility assignments, Project Reports, Restructuring & Dispute Resolution, Transaction services, besides providing consultation on various professional aspects including company formations in UAE, Free Zone & Offshore, formulation and implementation of business strategies etc

Hari Gopala Pillai

Updates on Regulatory/ Compliance Requirements

RULES FOR 100% FOREIGN OWNERSRSHIP IN UAE MAINLAND COMPANIES

Federal Decree Law No 19 of 2018 on Foreign Direct Investment (FDI) published in September 2018 provided mechanism under which Foreign Shareholders could own up to 100% of shares of UAE Mainland Company.
Cabinet Resolution No 16 of 2020 specified the positive list of Economic Sectors and Activities eligible for Foreign Direct Investments along with minimum capital requirement for each activity. The above Rules applies to Limited Liability Companies including one person companies and Private Joint Stock Companies. The Commercial Company Law was suitably amended and the respective Economic Departments (Licensing Authorities) in each Emirates have issued their own List of Economic Activities eligible for 100% Foreign Ownership which is effective from 1st June 2021. DED Dubai has clarified that 100% Foreign Ownership also applies to eligible existing Limited Liability Companies.
For further info please contact us at [email protected]

RULES IN RELATION TO BENEFICIAL OWNERSHIP PROCEDURES

Cabinet Resolution 58 of 2020 on Beneficial Ownership Procedures has come to effect on 28th August 2020 which is applicable to all entities in the UAE except for the entities in the Financial Free Zones and Entities owned directly or indirectly by the Federal/ Emirate Governments. The Rules requires the entities to maintain and submit a register of Ultimate Beneficial Owner, Nominee Directors and Register of Partners/ Shareholders. The information is to be submitted to the Licensing Authority concerned within 60 days of the Law come into force and on every license renewal thereafter or if there are any changes to these registers maintained.
For further info please contact us at [email protected]

ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM & ILLEGAL ORGANISATIONS

Cabinet Decision No 10 of 2019 concerning the Implementing regulations of Decree Law No 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations outlining the regulatory frame work in relation to Anti-Money Laundering Procedures. These regulations apply to Financial Institutions, DNFBPs and Non-Profit Organisations. Financial Institutions Include Banks., Exchange houses, Insurance Companies and Brokers. DNFBPs include Real Estate Brokers, Dealers in Precious Metals & Stones, Lawyers, Independent Accountants and Auditors, Providers of Corporate Services and Other Professions to be listed. The Law requires entities covered under law to have proper internal control procedures and policies to identify and mitigate Money Laundering risks, screening of their customers for Targeted Financial Sanctions and report suspicious transactions by registering in goAML website.
For further info please contact us at [email protected]

MAINTENANCE OF ACCOUNTING RECORDS & COMMERCIAL BOOKS

Cabinet Decision No 36 of 2017 on the Executive Regulation of Federal Law No 7 of 2017 on Tax Procedures obligates all entities operating in the United Arab Emirates to maintain proper Accounting records and Commercial Books. Accounting records and Commercial books includes records of payments and receipts, purchase and sales and any other records required under the Tax and other Laws including Financial Statements, Records of Wages & Salaries, Fixed Assets Register and Inventory Records etc. Non maintenance of these records and books will attract Penalties under the Tax Procedure Law.
HRM can help you in maintenance of all accounting records and Commercial books as required under the Tax Procedure Law and ensure compliance with these Statutory requirements.
HRM can also assist you in ensuring the correctness of the Tax returns required to be Filed with the Federal Tax Authority and assess the adequacy of the accounting records maintained in support of these Tax Returns to be filed. We also provide required consultations in this regard.
For further info please contact us at [email protected]

FOR CONSULTATION

Address

HRM Associates Chartered Accountants
Dubai Office:
PO Box-123539,
Hussain Nasser Ahmed Lootah Bldg,
B Block M - 07, Opposite Karama Park,
Al Karama, Dubai - UAE
Abu Dhabi Office:
Level 03 Al Ottaiba Building, Hamdan Street,
Abu Dhabi - UAE
Email : [email protected]