Services

Governance, Risk and Compliance Services in UAE

Distinguishing between success and stagnation in the modern, constantly-evolving business environment lies within how properly any organization handles its obligations of governance, risk, and compliance (GRC). Due to the introduction of new, more sophisticated regulations in the UAE, such as the UAE Corporate Tax, ESR (Economic Substance Regulations), AML (Anti-Money Laundering) frameworks – the expense of not being compliant has never been bigger.

Xpert Advisory views GRC not merely as a checklist that is full of burdens, but as a tactical enabler. We aid corporations, family offices, as well as HNWIs (High Net Worth Individuals) construct resilient, highly-robust infrastructures that safeguard assets, ensure consistency, and foster trust amongst shareholders.

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Our Process

The Business Case for Strong GRC Frameworks

The dynamic economy of the United Arab Emirates mandates accountability paired with transparency. A fragmented outlook towards GRC – the management of governance, risk, and compliance in silos – generally paves the path for redundancies, enhanced costs, and lethal coverage gaps.

Here is a list of reasons why robust GRC strategies are vital:

01

Nullify Fiscal & Reputational Damage

Abstain from paying hefty fines synonymous with being non-compliant and safeguard the integrity of your brand. .

02

Better Decision-Making

Give boards & management with a clear-cut view of all the threats as well as opportunities.

03

Ensure Business Continuity

Construct frameworks that facilitate your business to stay strong through market volatility as well as operational disruptions.

04

Attract Investments

Showcase to investors/partners that your business operates keeping the highest integrity standards intact. 

 

Xpert Advisory’s Comprehensive GRC Services

We offer end-to-end advisory services, each of which are custom-built to cater to the specific requirements of businesses in the UAE. Irrespective of whether you are an MNC or a private family office, our team of seasoned professionals ensures all your operations align perfectly with local laws in addition to every best international practice. Here is a detailed overview of our services:

Governance is deemed the foundation of every sustainable business entity. We aid Boards of Directors in addition to the Senior Management in setting up structures that guarantee accountability, fairness, and most importantly, transparency. 

  • Committee & Board Charters: Creating and reviewing charters in order to define roles, responsibilities, as well as authority matrices for the Board members and all its associated committees. 
  • Family Governance: Drafting family offices’ governance frameworks for ensuring seamless succession planning, resolution of conflicts, and wealth preservation for High Net Worth Individuals (HNWIs). 
  • Internal Control Frameworks: Crafting solid internal control systems (SOPs) to smoothly streamline operations besides preventing mismanagement or fraudulent activities. 
  • Corporate Governance Manuals: Building comprehensive manuals that act as the reference or blueprint for the decision-making processes of your organization. 

 

Risks and threats are inevitable, but they can be managed. Xpert Advisory aids you in the identification of potential risks before they make an impact on your bottom line. 

  • Risk Framework Development: Setting up Risk Appetite Statement as well as designing a robust framework to efficiently identify, evaluate, and prioritize threats or risks (fiscal, operational, and strategic).
  • Business Continuity Management (BCM): Crafting and testing effective BCM plans to make sure all your critical operations continue smooth functioning even during disruptions or crises. 
  • Threat Evaluation & Registers: Conducting in-depth risk assessments and managing dynamic risk registers for the purpose of monitoring evolving risks. 
  • Internal Audit Services: Offering independent assurance regarding the effectiveness of your control as well as risk management processes. 

 

With the United Arab Emirates’ regulatory framework turning exceedingly stringent, remaining compliant is a serious, full-time challenge. Our team of professionals takes that heavy burden off your shoulders. 

  • AML/CFT Compliance: Aiding fiscal institutions as well as DNFBPs (Designated Non-Financial Businesses and Professionals) in establishing AML (Anti-Money Laundering) frameworks and conducting thorough, independent AML audits. 
  • Outsourced Compliance Officer Services: Offering experienced professionals to function as your designated Compliance Officer, making sure you meet every regulatory filings as well as obligations without bearing the expense of a new, full-time hire. 
  • Regulatory Health Inspections: Conducting detailed gap analyses against regulations/laws such as ESR, UBO, Consumer Protection laws, etc. 
  • Standard Operating Procedures (SOPs): Building and documenting policies in order to make sure that every employee completely understands their respective role in the maintenance of compliance. 

 

Why You Should Choose Xpert Advisory

We understand that High Net Worth Individuals and dynamic corporations need more than mere “box-ticking” exercises. You require a strategic partner who completely understands every nuance of the market of the UAE, which is precisely what Xpert Advisory offers. Besides that, we provide:

Custom-Tailored Solutions

We do not abide by the “One Shoe Fits All” approach. Our top-notch frameworks are custom-made to perfectly fit your particular industry, size, as well as risk appetite. 

Localized Expertise Paired With Global Standards

We merge our in-depth knowledge of UAE Federal Laws & regulations of Free Zones with the pre-set International GRC standards such as the COSO, ISO, etc.

Proactive Approach

We move much quicker than the regulators, thereby keeping you ready and prepared for every upcoming legislation change so you are always aware and never off-guard.  

All Set to Secure Your Business’ Future in the UAE? Xpert Advisory is Waiting to Hear From You!

Do not keep waiting for a regulatory breach to happen before you decide to assess your GRC framework. Partner up with Xpert Advisory to establish a business that is completely compliant, resilient and more importantly, ready for growth. Connect with our experts today for a free consultation call to get started!

 

Frequently Asked Questions

1. What is the main difference GRC and a traditional internal audit?

Internal audit offers a retrospective check on all controls, whereas GRC is a much more proactive approach. It integrates the three vital elements, namely Governance, Risk Management, and Compliance – into one unified tactic to prevent problems before they happen and align every IT and business objectives.

Yes. In the United Arab Emirates, regulations such as AML, UBO, etc., are applicable on numerous entities irrespective of size. For family offices, robust governance is very important for asset protection as well as succession planning, thereby making sure that the wealth gets preserved across generations.

Absolutely. Xpert Advisory performs an in-depth “Gap Analysis” of your ongoing policies as well as procedures against UAE’s latest regulations and the best international practices, updating their ti make sure you remain 100% compliant and operationally efficient.