Portfolio & Wealth Management
We adhere to a disciplined investment approach crafted to manage risk and optimize returns. With a keen focus on diversification and long-term growth, we provide personalized investment advice, asset allocation recommendations, and continuous portfolio monitoring to ensure your investments align perfectly with your goals.
Our profound understanding of global financial markets equips us to offer valuable insights and recommendations, empowering you to make well-informed investment decisions. From the Dubai Financial Market (DFM) to the New York Stock Exchange (NYSE), and beyond, we keep a close eye on markets worldwide, ensuring that you stay ahead of the curve.
Whether you're interested in fixed income securities, equities, or other financial derivatives, our expertise and resources are at your service. Partner with us to navigate the complexities of the financial landscape and unlock your potential for financial success.
Risk & Crisis Management
For SMEs in the MENA and Levant regions, effective risk management is paramount to safeguarding assets and minimizing financial losses. By proactively identifying and mitigating risks like cyber-attacks, natural disasters, and market volatility, SMEs can bolster their resilience and enhance their prospects for success.
Implementing robust risk management strategies not only fortifies business operations but also ensures compliance with regulatory standards, boosting investor and customer confidence. Various methods exist for managing risks, including:
- Risk assessment: Identifying potential risks and assessing their likelihood and impact.
- Risk control: Implementing preventive measures such as policies, safety protocols, and training.
- Risk financing: Transferring financial risk through insurance or risk retention groups.
At Kracken FZCO, based in Dubai, we understand the unique challenges facing SMEs in the region. Our tailored risk management solutions are designed to help businesses navigate uncertainties while capitalizing on opportunities for growth.
Partner with us to integrate effective risk management into your SME business strategy and safeguard your future success.
Due Diligence & Business Responsibility
In times of financial difficulty, Kracken offers tailored solutions to help businesses overcome challenges and achieve success.
- Thorough Due Diligence: Our meticulous due diligence process ensures informed decision-making by assessing risks and benefits, providing accurate insights for strategic planning.
- Strategic Turnaround Plans: We develop and implement comprehensive turnaround plans tailored to each business, including cost reduction, operational improvements, and strategic divestments.
- Expert Support: Our experienced consultants provide ongoing expertise and support throughout the turnaround process, guiding businesses to navigate complex financial and legal issues with confidence.
Corporate Social Responsibility (CSR)
By outsourcing CSR consulting to us, businesses benefit from:
- Expertise: Leveraging specialized knowledge and experience in sustainability and social responsibility.
- Efficiency: Saving time and resources by avoiding the need for an in-house CSR team.
- Objectivity: Gaining a fresh perspective and unbiased assessment of CSR efforts.
- Flexibility: Scaling CSR efforts based on evolving needs and budgets.
- Credibility: Enhancing reputation by demonstrating commitment to responsible practices.
Partner with Kracken to navigate the complex landscape of audits, assurance services, and CSR strategies. Together, we'll ensure your business thrives with integrity and sustainability.
Audit & Assurance
As a premier financial consultancy and audit associated firm in UAE, we understand the diverse audit requirements and assurance needs of businesses in the UAE.
In the UAE, businesses may encounter three main types of audits:
- Financial Audit: While not a legal requirement, a financial audit offers an independent examination of financial statements, providing stakeholders with a fair assessment of an organization's financial health.
- Internal Audit: Conducted by a company's internal audit team, this audit evaluates internal controls, risk management processes, and governance structures to enhance operational efficiency.
- Statutory Audit: A mandatory requirement for Freezone Entities and soon for all entities under Corporate Tax, a statutory audit ensures compliance with regulatory standards and offers stakeholders assurance on financial integrity.
Beyond audits, our firm offers a range of assurance services:
- Reviews: Providing limited assurance on financial statements, ensuring they are free from material misstatements.
- Compilations: Assisting in financial statement preparation without providing assurance on accuracy.
- Agreed-upon Procedures: Performing specific procedures on financial statements as agreed upon, without assurance on accuracy.
Tax Consultancy & Planning
VAT, Corporate Tax (CIT), and Excise Tax are pivotal taxes in the United Arab Emirates (UAE), demanding strict compliance from businesses. We specialize in guiding businesses through these tax landscapes across the UAE, Saudi Arabia, and Kuwait. Here's why tax planning & consultancy are indispensable in the region:
- Compliance with Tax Laws: With the UAE's stringent tax regulations, adherence is paramount. We ensure businesses comprehend these laws, guaranteeing seamless compliance.
- Cost Saving: Our consultancy uncovers tax planning opportunities and strategies, driving significant cost savings for businesses across borders.
- Avoiding Penalties: Non-compliance can lead to penalties, fines, and legal repercussions. Our VAT and corporate tax consultants shield businesses from such risks by ensuring full compliance.
- Maximizing Tax Benefits: We help businesses capitalize on tax benefits and incentives offered by governments, optimizing their tax advantages.
- Efficiency: By streamlining tax processes, we enhance efficiency and minimize the time and effort required for compliance.
In summary, tax consultancy and planning are indispensable for businesses in the UAE, Saudi Arabia, and Kuwait. By ensuring compliance, identifying tax-saving opportunities, and maximizing benefits, businesses operate efficiently, save costs, and mitigate risks effectively.
Partner with us at Kracken FZCO to navigate the complexities of tax laws and optimize your tax strategy for success across borders.
Forecast & Budgeting
Budgets and forecasts are essential pillars of financial empowerment for SMEs, providing the foundation for financial control, strategic planning, and performance evaluation. Through meticulous implementation of robust budgeting processes, SMEs can fortify their financial stability, maximize resource utilization, and achieve their business objectives.
How We Empower SMEs:
- Strategic Financial Control: Leverage budgets and forecasts to exercise proactive financial control, enabling informed decision-making and ensuring sustained financial health.
- Optimized Resource Allocation: Harness the power of accurate forecasts to streamline resource allocation, minimizing waste and maximizing efficiency for sustainable growth.
- Achieve Business Objectives: Translate financial insights into actionable strategies, aligning budgetary goals with overarching business objectives to drive tangible results.
Experience the transformative potential of strategic budgeting and forecasting with Kracken. Contact us today to unleash the full financial potential of your SME.
Software Integrations
Different types of software a business requires for accurate reporting. The types of software that we integrate in a business to ensure accurate reporting and workflow:
- Accounting Software: This type of software is used to track financial transactions, generate invoices, manage accounts payable and receivable, and produce financial reports.
- Business Intelligence Software: This type of software is used to analyze business data, identify trends and patterns, and generate reports that can help businesses make informed decisions.
- Enterprise Resource Planning (ERP) Software: This type of software is used to manage all aspects of a business, including accounting, inventory management, human resources, and customer relationship management.
- Customer Relationship Management (CRM) Software: This type of software is used to manage customer interactions, track sales leads, and analyze customer data to improve sales and marketing efforts.
Primarily, we focus implementation of Accounting modules like Quickbooks, Sage, Tally, Zoho, Wavo, Odoo, etc., and the rest of the genres are handled by our well- equipped associates in the industry.
Domestic & GCC Business Services
Legal & professional business services in the UAE are crucial in enabling companies to navigate the complex legal and regulatory environment, comply with applicable laws and regulations, and optimize their operations. Few of the auxiliary services we provide are:
- ESR Compliance & Filing
- UBO Declaration
- AML Compliance & Notification Filing
- Tax Registrations & compliance- VAT, CIT, Excise Tax & other GCC Taxes
- Facilitation of ICV, ETIP and other Industry incentive certifications
- Business Formation & Liquidation
- Accounting & Bookkeeping Services