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.

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.

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 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.

Articles

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

HLS Dubai Press Release

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

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

UAE Business Setup: A Complete Guide for Entrepreneurs

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

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

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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