HLS Global Expands to the UAE with the Launch of its Subsidiary in Dubai

March 6, 2025

HLS Dubai Press Release

HLS Global Expands to the UAE with the Launch of its Subsidiary in Dubai

Tokyo, Japan / Dubai, UAE – HLS Global Co., Ltd. (“HLS Global”), a leading international accounting, taxation and business advisory firm, is pleased to announce the expansion of its global presence to the United Arab Emirates (UAE) by incorporating its subsidiary company, HLSGL Management Consultancies LLC, in Dubai (hereinafter referred as “HLS-Global UAE”). The establishment of HLS-Global UAE marks a significant milestone in the firm’s commitment to serving Japanese and multinational companies in the region with excellence.

The newly established entity will focus on offering expertise in a variety of services like M&A Transaction Advisory, Feasibility Study, Business Setup, Labour & Employment Advisory, AML / CFT Advisory, Family Business Advisory, Regulatory Compliances etc.

This strategic expansion will empower existing and new Japanese (and multinational) companies in the UAE and facilitate UAE-based companies in expanding their global reach.

“As a firm specializing in advisory services for Japanese companies worldwide, we are excited to extend our service offerings to the UAE and the broader GCC region,” said Shunsuke Saito, Global CEO of Hotta Liesenberg Saito LLP, the parent company of HLS Global. “Having started in the U.S. 35 years ago and subsequently establishing offices in Japan, Mexico, India and Germany, the UAE was a natural next step for us. The strengthening bilateral trade relations between Japan and the UAE, along with ongoing discussions on an Economic Partnership Agreement, make this the perfect time to enter the market and support Japanese (and other multinational) businesses in the region.”

Norihiko Tokeshi, Managing Director of HLS Global Co., Ltd., highlighted the growing demand from international clients in the UAE market. “The UAE’s role as a global trade and financial hub presents significant opportunities for businesses. By expanding our global network, we can provide tailored services to Japanese and multinational companies, ensuring seamless financial and business advisory services backed by our deep expertise in the region.”

Piyush Pandey, Partner and CEO of HLS-Global UAE, emphasized the firm’s commitment to delivering exceptional services to our clients in the region. “Our presence in the UAE aligns with our vision of serving global clients with a localized approach. We aim to provide customized and practical solutions, acting as trusted advisors to businesses navigating the complexities of cross-border transactions. With our roots in Japan, responsiveness and proactive client support are integral to our approach. Our globally integrated team of highly skilled professionals is dedicated to helping businesses achieve their goals with expert guidance at every stage.”

HLS-Global UAE is set to become a key partner for businesses in the UAE, reinforcing HLS Global’s dedication to delivering world-class advisory services on an international scale.

Disclaimer: All views expressed in this article are solely for informational purposes and should not be construed as legal advice. This information is for reference only and is bound to change in case of any amendments or changes to applicable laws. We do not assume any responsibility or liability for any errors or omissions in the content of this article, and do not make any warranties about the completeness, reliability and accuracy of the information expressed in this article.

UAE’s Rapid Adoption of AI and Digital Transformation

March 5, 2025

Introduction: Leading the Digital Revolution

The UAE has positioned itself as a global leader in artificial intelligence (AI) and digital transformation, with government-led initiatives driving innovation across industries. The country aims to become one of the top AI-driven economies by 2031, leveraging cutting-edge technologies like machine learning, blockchain, and the Internet of Things (IoT) to enhance economic growth and efficiency.

According to the Oxford Insights AI Readiness Index 2023, the UAE ranks first in the Arab world and among the top 20 globally for AI preparedness. Investments in AI are expected to contribute up to $96 billion (13.6% of GDP) by 2030, making the UAE the largest AI-driven economy in the region (PwC Middle East).

Key Drivers of AI and Digital Transformation in the UAE

UAE National AI Strategy 2031
- The UAE was the first country to appoint a Minister of AI in 2017.
- The National AI Strategy focuses on healthcare, education, government services, energy, and logistics.
- AI is expected to automate 45% of tasks in key industries by 2031.
Smart Government & Digital Public Services
- The Dubai Paperless Strategy aims to eliminate paper-based transactions by 2025.
- Smart Dubai and Abu Dhabi Digital Authority have digitized over 90% of government services.
- UAE Pass, a national digital identity, is used for seamless access to government and private sector services.
AI in Business & Industry
- Financial Services: AI-powered chatbots and robo-advisors are streamlining banking.
- Healthcare: AI-driven diagnostics and robotic surgeries are enhancing medical care.
- Smart Cities: AI is optimizing traffic, security, and energy efficiency in NEOM and Masdar City.
Investment in Emerging Technologies
- The UAE has launched a $20 billion AI fund to support tech startups.
- Abu Dhabi’s G42 Group is collaborating with global AI leaders for R&D.
- Dubai’s AI and Web3 Campus aims to attract over 500 tech startups by 2025.

How AI is Transforming the UAE’s Economy

Job Creation & Workforce Upskilling:
- The UAE is investing in AI training programs to prepare its workforce for future jobs.
- Initiatives like the Mohammed Bin Zayed University of AI (MBZUAI) are building AI talent.
Blockchain & Digital Currencies:
- The UAE’s Central Bank Digital Currency (CBDC) project will revolutionize banking.
- Dubai International Financial Centre (DIFC) is emerging as a global crypto hub.
AI in Sustainability & Smart Cities:
- AI-driven energy management will help the UAE achieve Net Zero by 2050.
- Smart cities like Masdar and Dubai Silicon Oasis use AI for urban planning and sustainability.

Future Outlook: The UAE as a Global AI Powerhouse

With massive investments in AI infrastructure, talent development, and strategic partnerships, the UAE is set to become a world leader in AI innovation. By 2031, AI will be fully integrated into government services, healthcare, finance, and industrial sectors, making the UAE one of the most technologically advanced nations globally.

Disclaimer: All views expressed in this article are solely for informational purposes and should not be construed as legal advice. This information is for reference only and is bound to change in case of any amendments or changes to applicable laws. We do not assume any responsibility or liability for any errors or omissions in the content of this article, and do not make any warranties about the completeness, reliability and accuracy of the information expressed in this article.

UAE’s Role in Global Trade and Supply Chain Transformation

March 5, 2025

Introduction: A Logistics Powerhouse

The UAE has established itself as a global trade and logistics hub, strategically located at the crossroads of Europe, Asia, and Africa. With world-class infrastructure, advanced ports, and free trade zones, the UAE plays a crucial role in global supply chains.

In 2023, the UAE’s total non-oil trade exceeded AED 3.5 trillion ($952 billion), reflecting its growing influence in global commerce (UAE Ministry of Economy). The Comprehensive Economic Partnership Agreements (CEPA) with countries like India, Indonesia, and Turkey have further strengthened trade ties.

Key Factors Driving UAE’s Trade and Logistics Growth

Top-Ranked Ports and Airports
- Jebel Ali Port (Dubai): #1 in the Middle East, handling over 14 million TEUs annually.
- Khalifa Port (Abu Dhabi): A major trade hub, expanding its capacity by 50% in 2024.
- Dubai International Airport (DXB): World’s busiest for international passenger traffic, also a key cargo hub.
Strategic Trade Agreements (CEPA)
- The UAE has signed 5 CEPAs (India, Indonesia, Israel, Turkey, and Cambodia).
- India-UAE CEPA alone is expected to increase bilateral trade to $100 billion by 2030.
- More agreements are in progress with South Korea, Thailand, and Kenya (UAE Ministry of Economy).
Smart Trade & Digital Customs Systems
- Dubai Trade and Abu Dhabi Digital Ports enable fast-tracking customs clearance.
- Blockchain & AI integration reduces paperwork and enhances efficiency.
- UAE is developing the “Digital Trade Corridor” to streamline trade routes.

How UAE is Transforming Global Supply Chains

Middle East’s Largest Logistics Hub:
The UAE accounts for 30% of total logistics activity in the GCC, serving as a gateway for re-exports to Africa and Asia.
Major Investments in Warehousing & E-Commerce:
Companies like Amazon, Noon, and DP World are expanding their fulfillment centers.
Green Logistics & Sustainability Goals:
The UAE aims to reduce carbon emissions in supply chains by 40% by 2030 through clean energy ports and electric transport fleets.

Future Outlook: UAE’s Position in the Global Trade Ecosystem

With continuous investments in infrastructure, digital trade platforms, and strategic partnerships, the UAE is set to dominate global trade and supply chains in the next decade. As more CEPAs are signed, businesses in the UAE will gain unprecedented access to international markets, reinforcing its status as the Middle East’s top trade hub.

UAE’s Vision 2031 – Transforming into a Global Economic Powerhouse

March 5, 2025

Introduction: A Bold Vision for the Future

The UAE government has launched “We the UAE 2031”, an ambitious national strategy to double the national economy to AED 3 trillion ($816 billion) by 2031. The plan focuses on economic diversification, digital transformation, and sustainable development, positioning the UAE as a global trade, investment, and innovation leader.

With a target of attracting AED 550 billion in FDI by 2031, the UAE is intensifying efforts to become a top 10 global economic hub. The vision aligns with the UAE Centennial 2071, which aims to build the best economy in the world (UAE Government Portal).

Key Economic Goals of UAE Vision 2031

The UAE’s strategy revolves around four main pillars:

Forward-Thinking Economy: Increase the GDP contribution of non-oil sectors to 70%.
Global Competitiveness: Rank among the top 10 countries in global competitiveness indices.
Advanced Digital Economy: Ensure AI, blockchain, and fintech drive economic growth.
Sustainability and Clean Energy: Position the UAE as a leader in renewable energy projects.

According to the International Monetary Fund (IMF), the UAE’s economy is projected to grow at 4.5% annually, driven by strategic investments in technology, logistics, and green energy (IMF UAE Report).

Key Initiatives Under UAE Vision 2031

To achieve these ambitious targets, the UAE has rolled out multiple economic programs:

“NextGen FDI” Initiative: Aims to attract high-tech startups and position the UAE as a global tech hub.
Comprehensive Economic Partnership Agreements (CEPA): Expanding trade relations with key markets like India, Indonesia, and Israel to boost exports and investments.
Smart Government and Digital Transformation: Investment in blockchain, AI-driven governance, and paperless services to improve efficiency.
UAE Green Economy Initiative: Focused on clean energy, sustainable finance, and net-zero emissions by 2050.

Impact on Businesses and Foreign Investors

The UAE’s business-friendly reforms and Vision 2031 initiatives create significant opportunities for companies and investors:

Tax-Free Zones and Investor Incentives: Over 40+ free zones with 0% personal income tax and low corporate tax.
Global Trade Expansion: Strengthening trade with Asia, Africa, and Europe, opening new market opportunities.
AI and Fintech Growth: The UAE aims to become a global AI hub, creating massive opportunities in automation, crypto, and digital banking.

According to the World Bank, the UAE remains one of the easiest places to do business, ranking #1 in the Arab world for business-friendly policies (World Bank Doing Business Report).

Future Outlook: UAE as a Model Economy for the World

With its future-focused policies, heavy investment in technology, and commitment to sustainability, the UAE is on track to become one of the world’s most dynamic economies by 2031. The government’s emphasis on innovation, ease of doing business, and economic diversification ensures long-term growth and resilience.

The “We the UAE 2031” vision is a blueprint for global economic leadership, positioning the UAE as a key driver of business, trade, and technological advancement in the next decade.

UAE – A Global Trade and Business Hub

March 4, 2025

The United Arab Emirates (UAE) has established itself as one of the most strategic trade and business hubs in the world. Thanks to its geographic location, world-class infrastructure, and business-friendly policies, the country is a key connector between the East and the West. As businesses look for new markets, the UAE offers unparalleled access to Asia, Africa, and Europe, making it a preferred destination for global trade and investment.

Strategic Location Driving Trade Growth

One of the biggest advantages the UAE holds is its strategic positioning. Sitting at the crossroads of some of the world’s busiest trade routes, the country provides direct access to over 3.5 billion consumers within a four-hour flight radius. This proximity to key markets has helped the UAE become a global leader in trade and logistics.

According to the World Trade Organization (WTO), the UAE ranked among the top 20 global exporters and importers of goods in 2023. The country’s non-oil foreign trade surpassed AED 2.23 trillion ($600 billion) in 2023, demonstrating its growing role in international commerce. The Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM) continue to attract international businesses looking to establish regional headquarters in the Middle East.

World-Class Infrastructure: Ports, Airports, and Free Zones

The UAE’s trade success is heavily supported by its world-class infrastructure. The country is home to some of the largest and most efficient ports, including:

Jebel Ali Port (Dubai) – The 9th busiest container port globally, handling over 13.7 million TEUs annually.
Khalifa Port (Abu Dhabi) – One of the most technologically advanced ports in the region, with investments exceeding $1 billion.

In addition to ports, the UAE boasts some of the busiest airports in the world. Dubai International Airport (DXB) continues to rank as the busiest airport for international passenger traffic, while Abu Dhabi International Airport and Sharjah International Airport serve as key hubs for cargo movement.

To facilitate business operations, the UAE has more than 40 free zones, offering 100% foreign ownership, zero corporate tax, and duty-free benefits. These zones, such as Dubai Multi Commodities Centre (DMCC) and JAFZA (Jebel Ali Free Zone), play a crucial role in attracting multinational corporations to the UAE.

Economic Policies Supporting Trade Growth

The UAE government has implemented several pro-business policies to enhance its status as a global trade hub. The introduction of Comprehensive Economic Partnership Agreements (CEPA) with countries such as India, Indonesia, and Israel has significantly boosted trade relations. The UAE-India CEPA alone is expected to increase bilateral trade to $100 billion by 2027.

Additionally, the UAE has adopted advanced customs procedures to ensure seamless trade. Initiatives like Dubai Trade’s M-Token System and blockchain-based trade solutions have made customs clearance 50% faster than the global average.

Diversification Beyond Oil

Historically, the UAE’s economy was heavily dependent on oil exports. However, non-oil sectors now contribute over 70% of the UAE’s GDP, with industries such as logistics, finance, technology, and tourism driving economic diversification.

Logistics & Supply Chain: The UAE’s 3PL (third-party logistics) market is projected to grow at a CAGR of 8.5% between 2023-2030.
Financial Services: The UAE is home to over 50 international banks, making it a prime financial hub for trade financing and investment.
Technology & AI: The UAE is investing heavily in digital trade solutions, including AI-powered logistics and blockchain-based smart contracts.

Future Outlook

As the UAE continues to position itself as a global trade and business hub, the future looks promising. The government’s commitment to economic diversification, digital transformation, and sustainability will further strengthen its position. By 2025, the UAE’s non-oil foreign trade is expected to exceed $1 trillion, with continued investment in smart logistics, AI-driven customs, and sustainable trade practices.

With progressive policies, advanced infrastructure, and strategic agreements, the UAE will remain a top choice for global businesses looking to expand into high-growth markets.

How India-UAE CEPA is Enhancing Supply Chain and Logistics Efficiency

February 12, 2025

Introduction

The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE marks a significant milestone in strengthening economic ties between the two nations. This agreement is designed to boost trade by reducing tariffs, streamlining regulations, and enhancing logistics efficiency, ultimately leading to smoother and more cost-effective supply chain operations.

Facilitating Faster Trade through Tariff Reductions

One of the major benefits of CEPA is the reduction or elimination of tariffs on a wide range of goods, ensuring faster and more affordable movement of products between India and the UAE. This helps businesses cut down costs, making trade more competitive and enhancing overall supply chain efficiency.

Streamlined Customs and Trade Regulations

CEPA introduces simplified customs procedures and digital documentation, reducing bottlenecks at ports and borders. By promoting paperless trade and harmonized regulations, businesses experience quicker clearance times, leading to improved logistics efficiency.

Boosting Logistics and Infrastructure Development

With increased trade volumes expected under CEPA, investments in logistics infrastructure, such as warehousing, ports, and transport networks, are likely to rise. This will further optimize supply chain operations, ensuring timely deliveries and minimizing disruptions.

Enhancing Air and Maritime Connectivity

The India-UAE trade corridor is already a key global shipping route. CEPA fosters greater connectivity by strengthening maritime and air transport links, reducing transit times, and offering more direct shipping routes, leading to better supply chain reliability.

Encouraging Supply Chain Diversification

By simplifying trade between India and the UAE, businesses can diversify their supply chains, reducing dependency on single markets. This ensures resilience against global disruptions and provides access to a wider range of suppliers and distribution networks.

Future Outlook

As CEPA continues to evolve, its long-term impact on supply chain and logistics efficiency will be profound. Businesses leveraging these benefits will gain a competitive edge in global markets, positioning India and the UAE as central hubs for international trade.

The India-UAE CEPA is not just a trade agreement—it’s a strategic move towards a more interconnected and efficient supply chain ecosystem, paving the way for enhanced economic cooperation between both nations.

UAE Business Setup: A Complete Guide for Entrepreneurs

February 12, 2025

Introduction

The UAE has emerged as one of the most attractive destinations for entrepreneurs and investors worldwide. With its business-friendly environment, world-class infrastructure, and tax incentives, setting up a company in the UAE offers immense opportunities. However, navigating the legal and regulatory framework can be complex. In this guide, we explore the essential steps, benefits, and challenges of business setup in the UAE.

Why Set Up a Business in the UAE?

The UAE’s economic policies, strategic location, and investor-friendly regulations make it an ideal place to start and expand businesses. Some key advantages include:

100% Foreign Ownership: In most sectors, foreign investors can now own 100% of their business.
No Personal Income Tax: The UAE remains a tax haven for entrepreneurs with zero personal income tax.
Global Connectivity: With world-class infrastructure and logistics, businesses can easily access international markets.
Business-Friendly Regulations: The government continuously updates policies to attract foreign investment and ease business operations.

Key Steps to Setting Up a Business in the UAE

Choose the Right Business Structure
- Mainland Company
- Free Zone Company
- Offshore Company
Select the Business Activity
Register the Company Name and Obtain Approvals
Apply for Business Licenses
Arrange for Office Space
Complete Visa and Labor Requirements
Open a Corporate Bank Account

Challenges in UAE Business Setup

Despite the ease of doing business, there are challenges such as regulatory compliance, cultural understanding, and the need for local sponsorship in some cases. Professional advisory services can help streamline the process and ensure smooth operations.

Conclusion

Setting up a business in the UAE is a strategic decision that can unlock vast opportunities. Partnering with experienced business consultants ensures a seamless setup, allowing entrepreneurs to focus on growth and expansion in one of the world’s most dynamic economies.

One Year of Corporate Tax in UAE: Lessons and Future Outlook

January 27, 2025

Introduction

In June 2023, the UAE introduced corporate tax, marking a significant shift in its business landscape. After one year of implementation, businesses have had to adapt to new tax obligations, compliance measures, and financial planning strategies. In this blog, we analyze the impact of corporate tax and what businesses need to consider moving forward.

Understanding Corporate Tax in the UAE

The UAE corporate tax applies to businesses earning taxable profits exceeding AED 375,000. The standard corporate tax rate is 9%, which remains highly competitive compared to global standards.

Key Lessons from the First Year of Corporate Tax

Compliance is Crucial
To avoid penalties, businesses have had to implement proper financial reporting and tax compliance mechanisms.
Tax Planning is Essential
Companies are adopting strategic tax planning methods to optimize their liabilities.
Financial Transparency Matters
The tax regime has encouraged businesses to improve financial record-keeping and reporting.
Impact on Free Zone Entities
Free zone businesses still enjoy tax incentives but must ensure compliance with the new regulations.
Global Alignment
The UAE’s tax implementation aligns with global tax standards, strengthening investor confidence.

Challenges Businesses Face Under the Corporate Tax Regime

Understanding Tax Exemptions: Many businesses struggle to determine whether they qualify for exemptions.
Adapting Financial Structures: Companies must restructure their financial models to remain tax-efficient.
Ongoing Regulatory Updates: Keeping up with evolving tax policies is essential for long-term success.

What’s Next for Corporate Tax in the UAE?

The UAE government is expected to refine corporate tax regulations further, with potential updates on exemptions and sector-specific incentives. Businesses must stay informed and seek expert tax advisory services to navigate these changes.

Conclusion

One year into corporate tax implementation, businesses in the UAE have adapted to new financial and compliance responsibilities. Moving forward, tax planning and strategic financial management will be crucial for sustainable growth in the evolving regulatory environment.

HLS Dubai Press Release

Introduction: Leading the Digital Revolution

Key Drivers of AI and Digital Transformation in the UAE

How AI is Transforming the UAE’s Economy

Future Outlook: The UAE as a Global AI Powerhouse

Introduction: A Logistics Powerhouse

Key Factors Driving UAE’s Trade and Logistics Growth

How UAE is Transforming Global Supply Chains

Future Outlook: UAE’s Position in the Global Trade Ecosystem

Introduction: A Bold Vision for the Future

Key Economic Goals of UAE Vision 2031

Key Initiatives Under UAE Vision 2031

Impact on Businesses and Foreign Investors

Future Outlook: UAE as a Model Economy for the World

Strategic Location Driving Trade Growth

World-Class Infrastructure: Ports, Airports, and Free Zones

Economic Policies Supporting Trade Growth

Diversification Beyond Oil

Future Outlook

Introduction

Facilitating Faster Trade through Tariff Reductions

Streamlined Customs and Trade Regulations

Boosting Logistics and Infrastructure Development

Enhancing Air and Maritime Connectivity

Encouraging Supply Chain Diversification

Future Outlook

Introduction

Why Set Up a Business in the UAE?

Key Steps to Setting Up a Business in the UAE

Challenges in UAE Business Setup

Conclusion

Introduction

Understanding Corporate Tax in the UAE

Key Lessons from the First Year of Corporate Tax

Challenges Businesses Face Under the Corporate Tax Regime

What’s Next for Corporate Tax in the UAE?

Conclusion

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