The UAE’s regulatory landscape in finance is evolving quickly, especially for entities in DIFC and ADGM. The role of a skilled Finance Officer (FO) is crucial for ensuring compliance and improving business effectiveness. Outsourcing an FO can provide expert support in accounting, reporting, tax, and regulatory requirements, especially for those new to the UAE’s financial-free […]
Many businesses worldwide are finding they need access to high-level financial management but do not have the critical mass to justify hiring their own dedicated CFO or to incur the fees of the ‘Big Four’ accounting firms. This is particularly so in these tough times. Rethink has set up a CFO services practice based in Dubai to […]
Arguably, the most significant change in the UAE business landscape has been the introduction of VAT at the beginning of 2018. We at Rethink, believe this has been a change for the better and has forced many organizations throughout the region to become more rigorous in the way they record basic business information. Prior to […]
Overview: All regulated entities in the Dubai International Financial Center (DIFC) are required to designate a Finance Officer (FO) to oversee the Finance & Accounting function to ensure compliance with International Financial Reporting Standards (IFRS) and relevant DFSA rules as contained in the PIB. The FO is an Authorised Individual under DFSA regulations and acts as regulators […]
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