Phone: +971  4  3526330,  +971  6  5683997   
Mail : info@kothari.ae

AFFILIATION

Kothari Auditors and Accountants is a member firm of IAPA (International Association

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TEAM

The quality of our services directly reflects the quality of personnel. We at Kothari Auditors understood

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STANDARDS

We adhere to the latest International standards on Auditing and Financial reporting.

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SPECIALIZATION

Offering professional assistance in starting a business is one of our areas of specialisation. To begin

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DEDICATED INITIATIVES & SUPPORT

Kothari Auditors and Accountants is a professionally managed accounting, auditing, management and financial consulting firm established in October 1992. The firm is led by a young and dynamic professional whose vision and passion is complemented by a team of well qualified, experienced and dedicated professionals.

Based in UAE, the firm is registered with the Ministry of Economy & Commerce, Dubai Department of Economic Development and Sharjah Economic Development Dept. to operate in the emirates of Dubai and Sharjah.

The firm excels in offering accounting, audit services that include: statutory, internal and management audit and a host of financial consultancy services. It offers professional guidance that leverages formalities needed to set up businesses in the industrial, trade or services sector either offshore, local, or in any of the free zones in the UAE.

The fact that the firm is enlisted on the panel of approved auditors of many local and international banks as well as free zones authorities in the UAE has made Kothari Auditors and Accountants a distinguished audit firm in the UAE.

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NEWS AND EVENTS

Apr2014

Editorial

The UAE's economy is expected to witness a 5 percent growth during 2014, while inflation rates will rise by 2 percent.

Tourism has been one of the best performing sectors with an expected growth of at least 11 percent during 2014. With the upcoming Expo2020 tourism and aviation sectors are expected to excel. Foreign direct investment is projected to reach almost Dh44 billion in 2014.

Rising inflation in Dubai and at the national level is to be expected through the course of this year, as the sharp increase in housing costs over the last ten month feeds through to the official inflation indices. Nevertheless, the overall inflation is still relatively low: less than 2 percent at the national level and 3 percent in Dubai. The non-oil sector is expected to expand, and UAE is set to become the world's biggest producer of aluminium in the next few years.

Exports are set to grow during 2014 to reach Dh1.4 trillion, from the 2013 figure of Dh1.3 trillion. Imports are also expected to grow in value to reach almost Dh858 billion - an increase from Dh797 billion last year.

Looking ahead past 2014, growth rates of 4.5 to 5.0 percent are expected to continue to the period between 2015 and 2018. Thus, GDP would reach approximately Dh1.7 trillion in 2018.

Growth is expected to accelerate during 2015, and possibly exceed a growth rate of five percent.

This forecast by experts, however, includes an inflation rate of over 4 percent. This inflation outlook will be the result of increase in rent due to the recent removal of the rent cap.

Renewed opportunities in Iran are cause for optimism as much of the development work in the country remains incomplete. Iran needs to develop its non-oil sector and create a business.

Despite the challenges, international companies are mindful of the latent prospects of the country.

Our teams at KAA and GBS are well positioned to advise & assist clients of these opportunities and assist in professional matters like feasibility study / project reports, company formation, accounting, system setup, auditing and advisory relating to commercial matters.