Our Offices

Our Global Offices

LONDON

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign state located off the north-western coast of continental Europe.

The UK is a developed country and has the world's seventh-largest economy by nominal GDP and eighth-largest economy by purchasing power parity. It was the world's first industrialised country and the world's foremost power during the 19th and early 20th centuries.

London, the capital of United Kingdom as well as a leading global city, with strengths in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transport all contributing to its prominence.

It is the world's leading financial centre alongside New York City and has the fifth-largest metropolitan area GDP in the world.

SAUDI ARABIA

Officially known as the Kingdom of Saudi Arabia, is the largest Arab state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab world (after Algeria).

Saudi Arabia's command economy is petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry. The government is attempting to promote growth in the private sector by privatizing industries such as power and telecommunications.

Saudi Arabia is one of only a few fast-growing countries in the world with a relatively high per capita income of $24,200 (2010). Saudi Arabia will be launching six "economic cities" which are planned to be completed by 2020.

These six new industrialized cities are intended to diversify the economy of Saudi Arabia, and are expected to increase the per capita income. The urban areas of Riyadh and Jeddah are expected to contribute $287 billion dollars by the year 2020.

DUBAI | ABU DHABI

The United Arab Emirates was established on 2nd December 1971 comprising of seven emirates namely Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Fujairah and Al Ain.

The local language is Arabic but English, Hindi and Urdu are widely spoken due to the different cultures people come from.

The United Arab Emirates (UAE) is a developing country, based on various socioeconomic indicators. At $270 billion in 2008, the GDP of the UAE ranks second in the CCASG (after Saudi Arabia), third in the Middle East—North Africa (MENA) region (after Saudi Arabia and Iran), and 38th in the world).

UAE currently has one of the fastest growing economies in the world. According to a recent report by the Ministry of Finance and Industry, nominal GDP rose by 35 per cent in 2006 to $175 billion, compared with $130 billion in 2005.

Meralis

Merali's is a firm of chartered and certified accountants and management consultants. We have been serving the Dubai market for a few years and were incorporated in 2006 growing each year.

Our firm's culture is founded on guiding principles of respect for people, policies, ethics and laws, a commitment to integrity, professional excellence in all our efforts.

We at Baker Tilly Merali's cater to a wide range of services and sectors. The detailed list of service can be found in the services section. We cater to all sectors in the market, a few of which are Construction , Financial services, Manufacturing , Oil & gas sector services , Hospitality , Shipping and travel, Investment, Real estate, Import & export, Mining ,Trading, Media

IRAQ

Iraq shares borders with Turkey, Iran, the Gulf of Oman, Kuwait, Saudi Arabia, Jordan and Syria. The capital of Iraq is Baghdad with its official language being Arabic.

Iraq covers a total area of 438,173 sq kms and has a population of 29.49 million. Iraq's economy is dominated by the petroleum sector, which has traditionally provided about 95% of foreign exchange earnings.

Traditionally, Iraq's manufacturing activity has been closely connected to the oil industry. The major industries in that category have been petroleum refining and the manufacture of chemicals and fertilizers In the 1980s, financial problems caused by massive expenditures in the eight-year war with Iran and damage to oil export facilities by Iran led the government to implement austerity measures.

The Iraqi economy is undergoing a transition from one tightly controlled by the government to a free market economy. Significant political, economic, and social changes are taking place, which should open up new opportunities for the rapid economic development of the country.

Baker Tilly Merali's

Our office is located in the Eastern Karada Area at the heart of the commercial district of Baghdad. Surrounded by the most prominent hotels and shopping centres it is very conveniently placed for visiting clients both local and international. It has in its vicinity offices of the main International Airlines, Embassies, Insurance Companies & Banks including both the National Banks and the other main regional Banks.

Currently we have 2 partners, an audit supervisor and audit semi-senior. With support from our offices in Kenya, Rwanda, Uganda, Somalia, and Merali's in London and Dubai. The Iraq office caters to all industries and sectors. We look to help our clients excel in their business and aim to provide exactly what the client needs and more.

KENYA

After independence in 1963, Kenya promoted rapid economic growth through public investment, encouragement of agricultural production, and incentives for private and foreign industrial investment.

Kenya has approximately 38 million residents and have land space of about 85% of France or Texas. Between 1974 and 1993, however, Kenya's economic performance declined. Inappropriate agricultural policies, inadequate credit, and poor international terms of trade contributed to the decline in agriculture. While In 2007, the Kenyan government unveiled Vision 2030, which is a very ambitious economic blueprint and which, if implemented in its entirety, has the potential of putting the country in the same league as the Asian Economic Tigers.

Nairobi continues to be the primary communication and financial hub of East Africa. It enjoys the region's best transportation linkages, communications infrastructure, and trained personnel. A wide range of foreign firms maintain regional branch or representative offices in the city.

Baker Tilly Merali's

Baker Tilly Merali's Certified Public Accountants in Kenya have been established since 1983. Our membership with Baker Tilly International allows us to draw on their worldwide expertise in financial audits and other related internal control assessments and gives us a competitive advantage.

Ranked amongst the top five in Kenya we have two partners, one audit associate and over forty professional staff. We have experience spanning industries and different economic sectors which include manufacturing, agricultural, telecommunications, tourism, service, investment and public donor funded organisations.

www.meralisgroup.com/kenya

 

UGANDA

Uganda derives its name from the Buganda Kingdom, which encompasses a large portion of the south of the country including its capital, Kampala. A landlocked country, Uganda is located on the East African Plateau, wherein the southern part includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania, placing the country in the African Great Lakes region. Uganda also lies within the Nile basin. Uganda’s main source of income is through the export of coffee, tea and fish. The country has commenced economic reforms and growth has been robust. In 2008, Uganda recorded a 7 percent growth despite the global downturn and regional instability. Uganda has considerable natural resources, including fertile soils, regular rainfall, and sizeable mineral deposits of copper and cobalt. The country has largely untapped reserves of both crude oil and natural gas. In 2014, Uganda saw the consolidation of macroeconomic stability and a steady recovery of economic activity, with real GDP growth projected to reach 5.9% in FY 2014/15 from 4.5% growth in FY 2013/14. This recovery in economic activity is mainly supported by public investment on infrastructure, recovery in private domestic consumption and investment demand, and a rebound in agriculture. Uganda remains on track to achieve the Millennium Development Goal poverty reduction target as absolute poverty rates continue to drop, from 24.5% in FY 2009/10 to 19.7% in FY 2012/13 Our offices deal with private and public sector assignments for national and International clients in Uganda. It is our hope to look into further growth strategies in the near future.

RWANDA

Rwanda is a small landlocked country in east-central Africa which is in the process of recovering from major ethnic strife that happened in the mid-1990s. The country is determined to rebuild its economy, with coffee and tea production amongst its main sources of foreign exchange. The World Bank has praised Rwanda's "remarkable development successes" of recent years, which it says has largely helped reduced poverty and inequality. Growth averaged at about 9% a year between 2001 and 2014, mainly driven by coffee and tea exports and expanding tourism. However, poverty remains widespread and Rwanda is highly dependent on aid Rwanda joined the East African Community in 2007, and has ratified a plan for monetary union amongst the five member nations, which could eventually lead to a common East African shilling. In addition, the Rwandan economy was ranked second in the world in terms of green investment facilitation according to the 2014 Global Green Economy Index. A major plus point to reviving Rwanda’s tourism is the fact that it is one of the only two countries in which mountain gorillas can be visited safely. Tourists are prepared to pay high prices for permits. Other attractions include Nyungwe Forest, home to chimpanzees, Ruwenzori colobus and other primates, the resorts of Lake Kivu, and Akagera, a small savanna reserve in the east of the country Rwanda offices deal with tax, audit, advisory and assurance services for national and international clients. It has seen a steady growth in its clientele in the past year and we hope this trend continues.

 

SOMALIA

Located in the Horn of Africa, Somalia has the longest coastline on the continent's mainland. Its terrain consists mainly of plateaus, plains and highlands. Despite the civil unrest, Somalia has managed to maintain a healthy informal economy, based mainly on livestock, remittance/money transfer companies and telecommunications. By 2009, it was estimated that the GDP had grown to $5.731 billion, with a projected real growth rate of 2.6%. Previously, during the pre-civil war period most services and the industrial sector were government-run. In recent times however, there has seen a substantial, albeit unmeasured, private investment in commercial activities, largely financed by the Somali diaspora. This includes trade and marketing, money transfer services, transportation, communications, fishery equipment, airlines, telecommunications, education, health, construction and hotels. Somalia's economy comprises of traditional and modern production, with a gradual shift in favor of modern industrial techniques taking root. Agriculture plays a significant role followed by livestock, whilst other principal exports include fish, charcoal and bananas. Sugar, sorghum and corn are products for the domestic market. With an added advantage of being located near the Arabian Peninsula, Somalia has increasingly begun to challenge Australia's traditional dominance over the Gulf Arab livestock and meat market. Somali people have begun offering quality animals at very low prices and the Gulf Arab States have responded by starting to make strategic investments in the country. Somalia is also a major world supplier of frankincense and myrrh. Baker Tilly Merali’s conducts its Somalia audits and other assessments keeping in mind the safety of its staff and a low profile, 24 hour armed security, coupled with local and international intelligence as they traverse the unfriendly region. Despite numerous challenges such as limited movement, threats on personal safety, presence of Al Shabab and lack of governance structures, the firm has created safeguard pillars within its structures to ensure top quality on all its assignments.