BKR. Welcome to the world of opportunities & solutions

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1 Welcome to the world of opportunities & solutions BKR I N T E R N A T I O N A L An Independent Member Firm of BKR International with Offices in Principal Cities Worldwide info@bkruae.com

2 Paving the Way Forward BKR in the Middle East As one of the first public accounting firms founded in the United Arab Emirates, it is my pleasure to introduce our firm, Kanaan & Associates, the independent member firm of BKR International, one of the top ten global accounting associations in the world. Since our inception in 1980, we have always striven to deliver the highest quality services in accordance with international professional standards deeply rooted in integrity and have always operated on a long-term premise founded on building value for our clients. We have witnessed tremendous growth in tandem with the noteworthy growth of the United Arab Emirates and rigorously believe in our duty to provide superior client service and are dedicated to ensuring that we support all of our clients to the best of our abilities. With over 35 years of experience in the United Arab Emirates, we have developed a unique expertise in the local operating environment. This is combined with our international association with BKR International to deliver a seamless client experience that is rooted in ethics, highest international standards, and dedication through a wide range of services offered. As you learn more about us through various means, I encourage you to contact us to begin the discussion as to how we can help you through our wide range of offered services. Roy Kanaan, CFA, CPA Partner Dubai, United Arab Emirates roy@bkruae.com As BKR International s full time Executive Director for Europe, the Middle East and Africa, I assume responsibility for developing BKR throughout the region, including playing an active role in recruiting new members, enhancing member services and in seeking to facilitate and encourage cross-border cooperation and service offerings. The EMEA region has grown substantially in the last 5 years, by approximately 30% in terms of membership numbers, and also, and more importantly, in respect of the quality of the firms we have in our association, in addition to the amount of work that is flowing between member firms. The Middle East is an important region with many emerging and upcoming markets, with the United Arab Emirates, and in particular Dubai, having become a leading commercial hub for international business. We are proud to have Kanaan & Associates as BKR s exclusive member firm in this location. Kanaan & Associates recently hosted a very successful sub-regional meeting in Dubai for our Middle East members, where representatives from BKR firms met to discuss business development issues as well as joint opportunities to work closer together. The responsiveness and quality of the work handled by Kanaan & Associates meets all levels one would expect of a firm who is part of a top international association and we look forward to many more years of involvement from them as a strong and reliable resource for our group. BKR currently has more than 155 member firms with over 350 offices, covering some 75 countries around the globe. Stephen Hamlet, LLB (Hons), FCA Executive Director, EMEA Region London, United Kingdom stephen.hamlet@bkremea.com 2 3

3 Quality, Assured. 5 About Us About us A Worldwide firm with Established Local Trust Services BKR International International Scope Established in 1980, Kanaan & Associates is a leading public accounting and advisory firm and is the independent member firm of BKR International in the United Arab Emirates. As a full member firm in BKR International, we are able to deliver an unparalleled client experience worldwide through more than 155 member firms around the world in more than 350 offices and 75 countries. As one of the first registered auditors in the United Arab Emirates, we are duly licensed by the Ministry of Economy to undertake statutory audits in the United Arab Emirates. In addition, we are registered auditors and agents with the United Arab Emirates free zones and are recognised auditors with the Dubai International Financial Centre. We are also accredited auditors with all of the international and national financial institutions in the United Arab Emirates. Our diverse team brings with it professional designations from a wide range of geographies, including the Certified Public Accountant, Chartered Accountant, Chartered Financial Analyst, and Certified Internal Auditor. Our team combines our professional credentials and graduate degrees with extensive experience to offer an unparalleled client service experience in the region. For more information, visit us at:

4 Creating Value For Our Clients A Worldwide Firm with Established Local Trust Driven by its people and the community it serves, Kanaan & Associates thrives in a culture of professional excellence and has always operated based on building long-term relationships with our clients deeply rooted in integrity and ethics. This is how we help clients grow and this is why we are THE alternative to the Big Four. We Treat All Clients with the Attention They Deserve At Kanaan & Associates, constant and detailed communication is paramount to the level and quality of service we offer our clients. We treat all clients based on our framework of dedication, honesty, competence, and respect. We believe your experience with us is a primary determinant to how well we have performed our job and we always strive to exceed client expectations. Kanaan & Associates ability to be flexible, while exceeding client expectations is what gives us our competitive advantage and allows us to add value for our clients. A Practical Approach to Every Engagement Regardless of the service offering, Kanaan & Associates tailors each engagement to the exact needs of the client. In addition, all of the partners and managers are always actively involved in every engagement, as we believe constant team communication is the best and most efficient approach to business. The partners and managers are typically a phone call away and are easy to reach, giving you comfort in knowing you won t be left with unresolved questions or needs. We have developed trust with our clients over the years by: Keeping up to date about our clients businesses Having our associates work directly with our clients in the field Quick and timely responses to our clients concerns and needs Constant communication and information sharing with our clients Dedicated Client Communication in All Service Areas Every engagement is assigned at least one manager and one partner to provide every client with an experienced team. This allows our clients to work closely with our teams. We constantly communicate with our clients to share our detailed industry knowledge and best practices, enabling better decision-making. 6 7

5 Helping You Pursue Your Dreams Services We measure the success of an engagement by our ability to add value to the client due to the long-term relationship we seek to build with every client. Our goal is to exceed your expectations and help you achieve your goals. As such, we only seek to serve clients that we are competent to serve and who value our service. Our current service offerings are grouped into the following classification: Assurance Accounting Advisory 8 9

6 Assurance Accounting The goal of our assurance services is to improve the quality of information. We provide independent and professional opinions that are relied upon by shareholders, parent companies, creditors, governments, investors, and other stakeholders throughout the world. We serve clients in a multitude of industries, including: Aviation Real Estate and Construction Manufacturing Financial Services Retail & Wholesale Trading Oil & Gas Information Technology Services Media Our assurance services utilise constant and detailed communication to keep our clients well informed of our progress, as well as to maintain a constant dialogue. In addition, every effort is made to reduce the amount of time required by the staff of our clients by requesting needed materials in advance and providing status updates along the way. All of this is done while allowing ourselves plenty of time to complete the work by the deadline set by our clients. By working closely with clients in the field and communicating on a frequent basis, we help ensure that there are no bumps along the way. Our Assurance Department currently offers the full-range of assurance services including: Financial Statement Audits Financial Statement Reviews Internal Audits Internal Control Examinations Agreed-Upon Procedures Accounting is often cited as the language of business and is imperative to the efficient administration of an entity. More often than not, companies lack the resources needed to accurately and timely compile financial information that is critical to business managers in the decision-making process. This is where we come in by providing a comprehensive solution to the accounting, administrative, and financial reporting requirements. Our dedicated accounting 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 a company by outsourcing the accounting, administrative, and financial reporting to the experts. Additionally, all of our staff undergo frequent training on new accounting standards, as well as guidance on implementation. Our team s deep accounting knowledge is paired with our deep local experience that will help clients navigate through the local statutory and internal governance regulations. Our service offerings include: Accounting outsource based on International Financial Reporting Standards Payroll processing Human resources related functions External public relations officer services Your Trusted Partner 10 11

7 Advisory Advisory services are aimed at improving the operating efficiency and reducing risk for our clients, both large and small. Whether we are helping companies plan to go public by setting up their corporate governance policies or registering a new company in the United Arab Emirates, you will find our services are always tailored to best fit the needs of our clients. We have developed an exceptional approach when it comes to creating value for our clients. We help our clients reach their goals, whether it is as simple as registering a new company or as complex as developing a business plan. No matter what the goal, you can be assured that you will receive a professional and objective service to the highest standards that will be of great benefit to you. Included in our advisory service offering includes: Company formations Company liquidations Financial advisory Business valuations Corporate governance advisory Business plans Excellence & Dedication Come Together to Create a Seamless Client Experience 12 13

8 International Scope The Power of a Global Association... With a Personal Touch Whatever your business, we can help you take advantage of global opportunities and operate efficiently, secure in the knowledge that BKR International members are looking after your business interests. Maureen Schwartz Executive Director BKR Worldwide Headquarters 19 Fulton Street, Suite 306 New York, NY 10038, USA Telephone: Fax: bkr@bkr.com Website: BKR International As one of the top 10 global accounting associations, BKR International represents the combined strength of more than 155 accounting and business advisory firms in over 350 offices and 75 countries. BKR International is ranked among the top ten global accounting associations by the International Accounting Bulletin with over US$ 1.3 billion in annual fees. BKR member firms must meet strict qualifications of quality control and ethical standards and are selected for their local influence, expertise and international capability. They must demonstrate that they have met the standards of their local jurisdiction, as well as undergo a thorough review by BKR s Regional and Worldwide Boards. Members must also show dedication to continuous improvement. BKR member firms constantly communicate and liaise with each other on client engagements and through the regional and annual BKR conferences that provide our professionals with Continuing Professional Education. BKR member firms share information and provide clients with local expertise in any overseas marketplace. By leveraging the power of the BKR connection, member firms are able to guide clients through the financial and regulatory requirements of moving into new geographic locations, ensuring that they are not delayed by confusing and unfamiliar local requirements. Large enough to offer a full range of services, yet small enough to provide personal service and connections, BKR member firms are committed to delivering superior client service throughout the world. BKR International is represented by member firms in each of the following countries: Albania Argentina Argentina Australia Austria Belgium Brazil Bulgaria Canada Cayman Islands Channel Islands Chile China Colombia Cyprus Czech Republic Denmark Dominican Republic Ecuador Egypt El Salvador France FYR Macedonia Germany Greece Guatemala Honduras India Indonesia Ireland Italy Japan Jordan Korea Kuwait Lebanon Liechtenstein Luxembourg Macedonia Malaysia Malta Mexico Montenegro Morocco Nepal Netherlands New Zealand Nigeria Norway Pakistan Palestine Philippines Poland Portugal Puerto Rico Romania Russia Saudi Arabia Serbia Singapore South Africa Spain Sweden Switzerland Taiwan Togo Tunisia Turkey Ukraine United Arab Emirates United Kingdom United States of America Uruguay Venezuela Vietnam For a complete listing of BKR Member Firms, visit us online at or

9 Assurance Accounting Advisory BKR International in the United Arab Emirates UAE Headquarters The Oberoi Centre Level 15, Business Bay Dubai, United Arab Emirates Phone: Fax: info@bkruae.com Dubai Al Owais Airport Building Suite 210, Sheikh Rashed Road Dubai, United Arab Emirates Phone: Fax: info@bkruae.com Sharjah Al Rostumani Building Office #12, King Faisal Street Sharjah, United Arab Emirates Phone: Fax: info@bkruae.com All rights reserved - Kanaan & Associates. BKR International refers to the association of members firms, each of which is a separate and independent legal entity.