The Cragus Group was founded in 2006 to be, and recognised from the beginning as, the leading independent tax advisor in the GCC. It was founded by a handful of professionals with many relevant years of experience doing business in and related to the MEA region, who shared a common understanding of the wide gulf between tax and advisory services being offered by other firms in the region and strategic needs of clients.
Originally the 'Group' was formed with the support of several members, mostly in the GCC, each being a national in their own country, and each of whom was a respected and established professional advisor or lawyer. Together, the members supported a Cragus tax team headquartered in Dubai, assisting by both bringing clients, and supporting in the delivery of services. Over the last decade the Group has expanded its coverage both geographically and in terms of its service offerings. The Cragus Group is now a regional network, including the original members, but with the addition of a large number of correspondent firms and trusted individuals. Cragus now serves clients across the Middle East & Africa (MEA) region, and provides a range of business advisory services in addition to tax advisory.
The tax and advisory practice continues to be coordinated by a mostly Dubai-based tax leadership team with many years' experience (including MEA) between them, spanning private practice, industry and government experience. The leadership team co-ordinates with the group members and its network of correspondents across the region, including leading local corporate law firms in the region, some independent local accounting firms, and other specialist individuals, to provide integrated solutions to clients.
Primary tax services currently provided are:
- tax planning and transactional work;
- tax controversy;
- transfer pricing,
- in-house tax development;
- direct and indirect tax advice to companies; and
- corporate structuring advice.
Insight & experience
The pool of talent within the Group draws experience from a range of diverse backgrounds, nationalities and professions, united by the common purpose of bridging the gap in corporate tax and advisory services needed in the Middle East and Africa (MEA). The experience of doing business in the region, dates back more than 25 years, and covers service to some of the world's largest multinationals and also includes extensive high level experiences at governmental levels. Most of the leadership team has served within the previous Big 5 global accounting firms, and also served as in-house tax managers/ directors, and therefore have the ability to provide pragmatic advice from actual industry experience.
Several of Cragus advisors have played an instrumental part in the development of the region's fiscal and business environment, including advising government authorities and chambers of commerce on such matters as: negotiation of tax treaties and trade and investment agreements; introduction of new laws on tax, foreign investment and competition; and establishment of free trade areas, investment zones and incentives to encourage investment.
This diverse expertise and experience allows Cragus to serve clients in a far more capable manner. Each client is unique, as is their place in the market, and Cragus supports clients accordingly. Through understanding clients' businesses, Cragus is more efficient and effective not only in providing advice, but in implementing solutions, rather than simply giving generic answers or offering pre-prepared packages.
Cragus has a track record of pragmatic and integrated tax advice to businesses and governments. Cragus delivers creative and innovative solutions to what is otherwise perceived as insurmountable tax and regulatory issues.
Cragus client approach
Cragus' key strength is the ability to understand clients' businesses. It is ultimately this understanding of what clients want or are aiming to achieve that will allow Cragus to deliver maximum value. The wider this understanding, the more angles Cragus can view resulting in focused and relevant advice. Above all, Cragus recognizes that each client has differing needs; and deliverables always reflect the uniqueness of clients' businesses.
Whilst many clients know what they require, others come to Cragus with a complex series of issues seeking solutions that require creative, fresh or "out-of-the-box thinking". Cragus seeks to find best-practice solutions for clients, and aims to provide a consistency in high quality advice throughout all areas and service lines within the Group.
By working together with clients, Cragus is able to use all its combined conviction, experience and knowledge to develop solutions and implement the required course of action. The fact that most of the leadership team has served in-house, differentiates Cragus from competitors. This, and the fact that Cragus is an independent consulting firm, means that it is willing and able to provide honest and pragmatic advice to clients. It is this will and ability that enables Cragus to perform comfortably in areas such as tax controversy.
For further information, please contact Dominic Treays on DTreays@Cragus.com, or visit www.Cragus.com