Page 41 - GMBF Business Guide

UAE introduced Corporate Income Tax, which comes into effect in 2023,
currently this is big opportunity for corporate tax professionals to help
business owners/management in tax planning and setting up effective
and efficient tax structure. Once corporate tax comes in into effect, tax
compliance will be another area of an opportunity.

With focus on cost reduction many SMEs are outsourcing either entire finance
function or part of it. That open doors for professional providing services like
accounting, compliance, taxation, and CFO services.

Presently there is interest in new age sectors of economy such as Crypto
currencies, Block Chain & Metaverse. The cryptocurrency market in the
United Arab Emirates (UAE) is expected to grow significantly, in near future
as per new report from MENA blockchain ecosystem. Currently, the UAE’s
share of the global cryptocurrency market is over $25 billion in transactions,
and it has climbed 500% between July 2021 and June 2022, a new report
from Chainalysis reveals. With so much expansion expected finance experts
having knowledge and experience are short in supply, for those who have
knowledge and experience this sector, opportunities are plenty.

In GMBF we have businessmen almost from more than 50 different
sectors of local economy, generally all businessmen are always looking for
good financial expert for advice, by becoming GMBF member any finance
professional have access to such diversified business sector to provide their
expert services. Apart from businessmen based in U.A.E. through GMBF one
can have access to businessmen/professional in more than 15 countries,
so finance professional can tap such large network to provide their expert
services.

In summary I would say current time is an exciting time with lots of
opportunities for finance professionals.

-Rahul Gokhale

BUSINESS
www.gmbfglobal.com / info@gmbfglobal.com GUIDE