Founded in 1980, Kanaan & Associates is a leading public accounting and advisory firm based in the United Arab Emirates. We currently serve a variety of industries and business forms through a full spectrum of service offerings, including assurance, advisory, tax, outsourced, and corporate services. With over 40 years of experience in the United Arab Emirates, Kanaan & Associates has developed a unique local expertise. Our size allows us to provide our clients with a personalised and tailored approach, while our association with BKR International enables a cross-border global service based on international standards.
As the exclusive member firm of BKR International in the United Arab Emirates, we leverage our international reach everyday to provide clients a seamless client experience across the world.
Our assurance services are tailored to the exact requirements of our clients. From a financial statement audit in accordance with International Financial Reporting Standards to agreed-upon procedures on a specific financial assertion, you can be sure that we will keep you up to date on changing financial reporting standards and related technical updates throughout the annual reporting cycle.
The only thing constant in life is change and we help our clients stay on top of the ever-changing competitive landscape by providing value-added services by a dedicated team of industry professionals. Whether the objective is a financial due diligence or an IFRS consultation, our objective is to maximize value based on professional and dedicated advice based on international standards.
With the world becoming increasingly globalized, it is now more important than ever to plan ahead of time and ensure that tax impacts are considered prior to every transaction. As the independent member firm of BKR International for the United Arab Emirates, we are able to leverage our global reach in association with our BKR member firms around the world to provide clients an international perspective with a single local point of contact.
Our dedicated outsourced services team is composed entirely of qualified accountants with over 100 years of combined experience, who every day help clients focus on running the day-to-day aspects of their business by outsourcing the back office function. From outsourcing the accounting function to the human resources department, you can rest easy in the knowledge that a dedicated team is transforming your back-office into an integrated component of your business.
Experience matters. In a world in which regulations are changing frequently and time pressures have become increasingly evident, our corporate services department provides a unique tailored solution by representing clients on a wide range of services, from company formations, including offshore companies in the United Arab Emirates, to assistance in opening of bank accounts. Our time-tested approach and dedicated team ensures a smooth process, from A to Z.
UAE introduces Country-by-Country (“CbC”) Reporting Rules
The new UAE CbC rules are confirmed to be effective for financial reporting years starting on or after 1 January 2019 after the regulation was published in the UAE Official Gazette.
VAT In The Uae
The UAE VAT Law is expected to be issued soon that will be the primary source of information and guidance for VAT in the UAE
IFRS 9 Financial Instruments
Interestingly, the original effective date of IFRS 9 Financial Instruments was 1 January 2013 and la…