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WTS Global targeting strong MEA presence

Staff Report/Dubai
Filed on February 2, 2019 | Last updated on February 2, 2019 at 07.57 pm
Several businesseses are in the process of adapting to the changing tax scenario in the Middle East.

(Reuters file)

More than 20 one-to-one meetings between regional firms, WTS Global board members held

WTS Global, a network of specialised non-audit tax firms, for the first time convened its board meeting in Dubai recently with the aim to strengthen its presence in the Middle East and Africa.

One of the board resolutions, among others, was to further continue on the path to becoming the "pre-eminent go-to tax firm in Africa" and combine this strength with the expertise in the GCC region and beyond. It has a representation in 44 out of 56 African countries.

WTS Global, along with its UAE member firm WTS Dhruva Consultants, hosted a high-profile client reception, which was attended by more than 50 clients representing UAE-headquartered corporations, leading local and foreign banks, family offices and multinational corporations. WTS Global CEO Wim Wuyts along with WTS Dhruva Consultants CEO Dinesh Kanabar welcomed the guests.

During the day, there were more than 20 one-to-one meetings between regional firms and WTS Global board members. WTS Global's eight board members came to visit the office of its fast-growing member WTS Dhruva Consultants, which was opened in 2017 in Dubai and since then has grown to 40 professionals including three partners.

WTS Dhruva Consultants offers single-window tax consultancy services to businesses that are in the process of adapting to the changing tax scenario in the Middle East.

"In the current constantly-evolving tax environment, our clients expect from their advisors to not only understand the local tax environment but to offer them a holistic global view and give clear direction. For this they need tax advisors who are locally rooted in their home market but are globally connected to serve clients across continents. This is the WTS Global model, where local firms from more than 100 countries are connected globally with the single aim to providing strong local expertise to clients with global tax needs," said Wuyts.

Kanabar added: "We are excited that the WTS Global board members decided to have their board meeting for the first time in Dubai, that not only demonstrates WTS Dhruva Consultants emerging presence in the country as a niche tax boutique, but also strongly reflects their emerging focus in the Middle East region. We are glad the board members were thrilled to meet Dhruva's marquee clients that included some of the most prominent organisations of the country. We look forward to their continued support and presence in the region."

- business@khaleejtimes.com

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