Top International Accountancy Firm KPMG to join Dubai International Financial CentrePress Release03 Jul 2005 12:46 pm
Dubai International Financial Centre (DIFC) has announced the joining of the International accounting giant, KPMG, after being registered by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre as an Ancillary Services Provider (ASP).
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. KPMG operates in 148 countries and has around 6,500 partners, 70,000 client service professionals, and 17,000 administration and support staff working in member firms around the world.
KPMG has been active in the UAE since 1973 and currently employs over 300 people based at its offices in Dubai, Abu Dhabi and Sharjah. From its base at the DIFC, KPMG will offer clients accounting, tax and related services.
Commenting on the registration of KPMG, Dr Omar Bin Sulaiman, DIFCA Director General, said,
“The DIFC offers its member firms a totally global environment, where the very best advice, counsel and consultancy is available. I am thrilled that KPMG is now part of the advisory backbone of the DIFC.
The financial institutions operating here will find the same services and quality of support as in any other major financial centre, only with the added bonuses of an attractive fiscal regime and a rapidly growing financial sector.
I am delighted to welcome Vijay and his team to the DIFC.”
Vijendra Nath Malhotra, Senior Partner and CEO of KPMG UAE, said,
“The DIFC, as the newest international financial centre, is an obvious choice of location for us to set up an office to compliment our existing offices in Dubai, Sharjah and Abu Dhabi. This goes hand in hand with our aim to provide our clients with quality services in the UAE and the region. As one of the ‘Big Four’ global accountancy firms, we are pleased to associate ourselves with this new development in Dubai and look forward to its, and therefore our, success.”