Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # The First Check ## Posts - [Avoid these costly mistakes when choosing an Audit firm](https://thefirst-check.com/avoid-costly-mistakes-choosing-audit-firm/): In a fast growing, highly regulated business landscape like the UAE, selecting a financial partner is one of the most critical choices any executive can make. Audits are no longer just a routine checking exercise to satisfy government authorities, they are a vital instrument for gauging operational risk, sustaining investor trust, and making sure absolute legal alignment. - [The Ultimate Guide to Business Setup and Finance Services in Dubai, UAE](https://thefirst-check.com/the-ultimate-guide-to-business-setup-and-finance-services-in-dubai-uae/): Dubai has pretty much locked itself in as a top tier global spot for trade, innovation, and investment. It benefits from a strategic geographic position, top notch infrastructure, and a regulatory environment that feels quite forward leaning, so the Emirate pulls in thousands of driven founders and major multinational corporations every year. - [šŸšØ Have You Updated Your FTA Records Recently?](https://thefirst-check.com/%f0%9f%9a%a8-have-you-updated-your-fta-records-recently/): With Cabinet Decision No. 129 of 2025 now being implemented in practice, taxable persons are required to notify the Federal Tax Authority within 20 business days whenever there is a change in their registered information. - [IMPORTANT UAE VISA UPDATE | Police Clearance Certificate Now Mandatory for Nationals of 45 Countries](https://thefirst-check.com/important-uae-visa-update-police-clearance-certificate-now-mandatory-for-nationals-of-45-countries/): Whether you're an employer hiring overseas talent or an individual applying for a UAE visa, ensuring your documentation is complete before initiating the application can help avoid unnecessary delays, additional costs, and compliance issues. - [Are Businesses Understanding the UAE VAT Capital Assets Scheme Correctly?](https://thefirst-check.com/are-businesses-understanding-the-uae-vat-capital-assets-scheme-correctly/): The Capital Assets Scheme requires businesses to review the use of the asset annually and adjust previously recovered VAT if the percentage of taxable use changes. - [UAE Corporate Tax (CT) & Intellectual Property (IP) ā€“ What Businesses Need to Know](https://thefirst-check.com/uae-corporate-tax-ct-intellectual-property-ip-what-businesses-need-to-know/): Intellectual Property (IP) has become one of the most valuable assets for modern businesses, particularly in technology, software, AI, manufacturing, media, and brand-driven industries. - [UAE eInvoicing Guidelines Version 1.1 ā€“ Key Clarifications Businesses Should Not Miss](https://thefirst-check.com/uae-einvoicing-guidelines-version-1-1-key-clarifications-businesses-should-not-miss/): The latest guidance shows that UAE eInvoicing is not simply a VAT compliance exerciseā€”it is a broader digital reporting framework that will impact finance, tax, IT, procurement, and intercompany processes across many organizations. - [Fix Common Tax Errors Fast with Dubai’s Best Consultants](https://thefirst-check.com/fix-common-tax-errors-fast-with-dubais-best-consultants/): The roll out of corporate tax in the United Arab Emirates (UAE) created a major paradigm shift in the regionā€™s financial and overall economic scene. It was built to match global tax transparency expectations and OECD guidelines, so the corporate tax rules now come with more structured compliance reporting and required arrangements. - [UAE VAT & Accounting: Why Proper Accounting Records Are the Foundation of VAT Compliance](https://thefirst-check.com/uae-vat-accounting-why-proper-accounting-records-are-the-foundation-of-vat-compliance/): A VAT return is not prepared from invoices aloneā€”it is prepared from accounting records, supporting documents, and proper tax analysis. Weak accounting can lead to incorrect VAT treatment, input tax disallowance, penalties, and challenges during an FTA audit. - [UAE Corporate Tax (CT) Implications on Foundations: UAE & Overseas Structures Used by UAE Expats](https://thefirst-check.com/uae-corporate-tax-ct-implications-on-foundations-uae-overseas-structures-used-by-uae-expats/): With the increasing use of DIFC Foundations, ADGM Foundations, RAK ICC Foundations, foreign trusts, and overseas foundations for wealth preservation, succession planning, and asset protection, understanding their UAE CT implications has become critical. - [How to choose Top UAE Business Consultants for Quick Startups?](https://thefirst-check.com/how-to-choose-top-uae-business-consultants-for-quick-startups/): When you try to identify the best business consultants in UAE, donā€™t just follow the polished brochure, or the generic promises. Look deeper at real know-how in your sector, understanding of localized regulations, and a broad toolkit of corporate solutions that matches your situation. - [What’s New in Dubai Compliance Rules for 2026](https://thefirst-check.com/whats-new-in-dubai-compliance-rules-for-2026/): Smartly working to meet these new requirements entails a partnership with compliance & regulatory reporting services in the UAE to avoid the hefty administrative penalties, which have recently been updated. - [Internal Audit Checklist for UAE Enterprises 2026](https://thefirst-check.com/internal-audit-checklist-uae-enterprises-2026/): In the case of several businesses, the function of internal audit consultants in UAE has been one of the factors that have enabled a shift onto the more strategic side, assisting the executives in managing the risks associated with growth and regulation. - [Accounting in Dubai: Red Flags Every Business Owner Should Know](https://thefirst-check.com/accounting-in-dubai-red-flags-every-business-owner-should-know/): To safeguard your investment, it is essential to know how to tell a strategic financial partner apart from a liability. No matter the stage of your business, whether it is a startup or an established enterprise, the selection of the Best Accounting Firm in Dubai is not merely a matter of book-keeping, but it is a question of risk management. - [Important AML/CFT Update for DNFBPs](https://thefirst-check.com/important-aml-cft-update-for-dnfbps/): This is a mandatory compliance requirement. Delays or inaccuracies may lead to penalties, inspections, and regulatory scrutiny. - [Cabinet Decision No. 100 of 2025 introduces significant amendments to the UAE’s VAT Executive Regulations, facilitating the transition to mandatory e-invoicing and enhancing compliance requirements for businesses](https://thefirst-check.com/cabinet-decision-no-100-of-2025-introduces-significant-amendments-to-the-uaes-vat-executive-regulations-facilitating-the-transition-to-mandatory-e-invoicing-and-enhancing-compliance-requirements-f/): Since its introduction in 2018, VAT in the UAE has been instrumental in diversifying government revenue and ensuring fiscal sustainability beyond oil income.Ā  Over the years, the Federal Tax Authority (FTA) has continuously fine-tuned the VAT system through several Cabinet Decisions ā€” such as Nos. 46 (2020), 99 (2022), and 100 (2024) ā€” to address practical challenges and evolving business practices. - [Federal Decree-Law No. (16) of 2025 introduces amendments to the UAE VAT Law, effective from January 1, 2026, aimed at simplifying tax compliance and enhancing administrative efficiency.](https://thefirst-check.com/federal-decree-law-no-16-of-2025-introduces-amendments-to-the-uae-vat-law-effective-from-january-1-2026-aimed-at-simplifying-tax-compliance-and-enhancing-administrative-efficiency/): On 25 November 2025, the UAE Ministry of Finance (MoF) issued Federal Decree-Law No. 16 of 2025, introducing amendments to select provisions of Federal Decree-Law No. 8 of 2017 (The ā€˜UAE VAT Lawā€™). - [Application of the Reverse Charge Mechanism on Metal Scrap Trading among Registrants in the State for the Purposes of Value Added Tax](https://thefirst-check.com/application-of-the-reverse-charge-mechanism-on-metal-scrap-trading-among-registrants-in-the-state-for-the-purposes-of-value-added-tax/): In summary, the Reverse Charge Mechanism for VAT on metal scrap trading represents a significant regulatory change aimed at improving tax compliance and reducing fraud risks in the UAE's metal scrap sector. - [End-to-End UAE Business Setup: Incorporation to Corporate Tax Compliance](https://thefirst-check.com/end-to-end-uae-business-setup-incorporation-to-corporate-tax-compliance/): Whether you are a startup coming into the UAE marketplace or a long-term business enterprise adapting to company tax regulations, professional compliance from The First Check Consultants ensures smooth operations from incorporation to ongoing tax compliance while permitting you to focus on what in reality matters: growth and success. - [Quick VAT Registration? UAEā€™s Best Consultants Here](https://thefirst-check.com/quick-vat-registration-uaes-best-consultants-here/): VAT compliance is not merely a statutory obligation; it is an essential component of accountable and sustainable business operation inside the UAE. Whether you are primarily based in Dubai, Abu Dhabi, Ras-Al Khaimah, or running throughout multiple emirates, professional assistance from The First Check Consultants could be a tremendous distinction. - [How to Select the Best Startup Business Consultants in UAE (2026 Guide)](https://thefirst-check.com/how-to-select-the-best-startup-business-consultants-in-uae-2026-guide/): The first check consultants is the business consulting firm in Dubai, who will assist you in building a robust foundation for long-term success. When you choose wisely, the UAE will become the home of your entrepreneurial growth. - [What type of common errors skip when hiring accounting firms in Abu Dhabi](https://thefirst-check.com/what-type-of-common-errors-skip-when-hiring-accounting-firms-in-abu-dhabi/): Reference checks definitely provide insight into exactly how the accountants in Abu Dhabi perform once the contract is signed. Past & present clients can inform you about the firm's reliability, accuracy, communication style, & ability to handle challenging situations. - [Why Businesses Choose the First Check for Smart and Reliable Financial Solutions](https://thefirst-check.com/why-businesses-choose-the-first-check-for-smart-and-reliable-financial-solutions/): Businesses choose The First Check because it offers an integrated financial ecosystem under a single roof. Thus, we eliminate the inefficiency of dealing with many vendors for different financial functions. - [Starting a Business in the UAE: How to Choose the Right Setup Consultants and Partners](https://thefirst-check.com/starting-a-business-in-the-uae-how-to-choose-the-right-business-setup-consultants-and-partners/): The First Check has put together this guide to detail the key things involved with choosing the right business setup consultants in UAE and long-term financial partners so that your business is set up for success. This coordinated approach-from initial application with your business setup consultants in UAE to final compliance with your auditing firms in Abu Dhabi-is designed to get you up and running fast and compliant from day one. - [Which consultancy is best for AML in Dubai?](https://thefirst-check.com/which-consultancy-is-best-for-aml-in-dubai/): The UAE consequently has become a global financial and business centre, attracting investments and talents from all over the world. - [VAT Public Clarification on Crypto Currency Mining](https://thefirst-check.com/vat-public-clarification-on-crypto-currency-mining/): On Jan 14th of 2025, Federal Tax Authority (FTA) have issued VAT public clarification (VATP039) on VAT implication on Crypto Currency Mining. As we all witnessing rise of popularity of crypto currency, FTA have given the clarification on the VAT treatment on Crypto currency mining. - [Tips to Save Money on Starting a Business in Dubai](https://thefirst-check.com/tips-to-save-money-on-starting-a-business-in-dubai/): With these tips in mind along with good business setup services and consultants in UAE, you can embark on your entrepreneurial journey confidently in Dubai with powerful foundations on which to succeed, so while managing your pay-out-up-front capital in the process. - [VAT Public Clarification on SWIFT MESSAGES](https://thefirst-check.com/vat-public-clarification-on-swift-messages/): On Apr 14th of 2025, Federal Tax Authority (FTA) have issued VAT public clarification (VATP041) on VAT implication on Swift Message replacing the previous VATP036. UAE Banks and exchange houses (ā€œFinancial Institutionsā€ or ā€œFIā€) - [Corporate Tax Public Clarification on Taxation of investors in a Real Estate Investment Trust that is exempt from Corporate Tax as a Qualifying Investment Fund](https://thefirst-check.com/corporate-tax-public-clarification-on-taxation-of-investors-in-a-real-estate-investment/): Whether you are operating in Dubai, Ras-Al Khaimah, Abu Dhabi, or some places else in the Emirates - [Major Changes to UAE VAT Executive Regulation ā€“ What You Need to Know](https://thefirst-check.com/major-changes-to-uae-vat-executive-regulation/): These updates also underscore the UAEā€™s commitment to fostering a robust, transparent, and future-ready tax environment that supports innovation while ensuring fiscal integrity. - [Understanding Family Foundations Under UAE Corporate Tax Law](https://thefirst-check.com/understanding-family-foundations-under-uae-corporate-tax-law/): The new Corporate Tax rules around Family Foundations strike a balance between regulatory oversight and wealth management flexibility. - [What services are included in corporate Tax Planning in Dubai, and why are they important?](https://thefirst-check.com/what-services-are-included-in-corporate-tax-planning-in-dubai-and-why-are-they-important/): In conclusion, with the evolution of the tax system in the UAE, more than ever, businesses need thorough corporate tax planning services to prosper. - [Understanding VAT Obligations on Imported Services in the UAE: Output Tax, Tax Invoices & Input Tax Recovery](https://thefirst-check.com/understanding-vat-obligations-on-imported-services-in-the-uae-output-tax-tax-invoices-input-tax-recovery/): Understanding the reverse charge mechanism and related documentation requirements is crucial for VAT-registered businesses importing services into the UAE. - [How to Safely Navigate UAEā€™S Business Rules in 2025?](https://thefirst-check.com/how-to-safely-navigate-uae-business-rules-2025/): The First Check Consultants offers the regulatory compliance services in Dubai, UAE which help businesses to navigate the complex legal requirements with confidence and accuracy. By staying ahead of evolving laws of UAE, the First Check Consultants can reduce risks and maintain smooth operations. - [How to Setup a Business in the UAE: step-by-step Guide](https://thefirst-check.com/how-to-setup-a-business-in-the-uae-step-by-step-guide/): Choosing The First Check Consultants in the UAE can be a strategic move for setting up a business in the UAE offering access to a thriving economy, global markets and a supportive regulatory environment which complies with the UAE regulations. - [Common Mistakes when Choosing the Best Accounting Firm in Dubai, UAE](https://thefirst-check.com/common-mistakes-when-choosing-the-best-accounting-firm-in-dubai-uae/): Selecting the best accounting firm like The First Check Consultants in Dubai can be helpful to save the business from compliance risks and financial inefficiencies by securing businessā€™s financial future and thrive in Dubaiā€™s competitive market. - [VAT Public Clarification on Value of Supply under Barter Transactions](https://thefirst-check.com/vat-public-clarification-on-value-of-supply-under-barter-transactions/): On 28th April 2025, Federal Tax Authority (FTA) have issued VAT public clarification (TAXP042) on value of supply under Barter Transactions - [Initiative for the Waiver of Penalties for Late Corporate Tax Registration](https://thefirst-check.com/initiative-for-the-waiver-of-penalties-for-late-corporate-tax-registration/): Issued by: Federal Tax Authority (FTA), United Arab Emirates - [Tax Newsletter](https://thefirst-check.com/tax-newsletter-cryptocurrency-mining-in-uae/): Crypto mining uses specialized equipment to validate blockchain transactions, earning rewards. The tax treatment depends on whether mining is for personal use or as a service. - [Top Statutory Audit Firm and Compliance Auditing in Dubai](https://thefirst-check.com/top-audit-firm-and-compliance-auditing-in-dubai/): The First Check Consultants is a top statutory audit firm in Dubai which offers the tailored audit solutions to the businesses for optimizing tax planning, improving operational efficiency and driving sustainable growth to the business. So, choose the first check consultants to navigate the regulatory challenges while focusing on the long term success of your business in Dubai. - [Understanding Business Activities in UAE](https://thefirst-check.com/understanding-business-activities-in-uae/): The First Check Consultants offers business setup services and consultants in UAE which helps the entrepreneurs in company formation, licensing and regulatory compliance with the market insights to grow your business and success in UAEā€™s competitive environment. - [Why to Choose the First Check Consultants for Accounting and Bookkeeping?](https://thefirst-check.com/why-to-choose-the-first-check-for-accounting/): If you want the best accounting and bookkeeping companies in UAE for the tailored services to meet your business needs, then The First Check Consultants can be the Best choice as the top audit firm in Abu Dhabi and for the hassle-free solutions for your business. - [Important Update on BEPS Pillar Two Legislation in the UAE](https://thefirst-check.com/important-update-on-beps-pillar-two-legislation-in-the-uae/): The United Arab Emirates (UAE) has introduced Cabinet Decision No. 142 of 2024, implementing the Domestic Minimum Top-up Tax (DMTT) in alignment with the OECDā€™s Base Erosion and Profit Shifting (BEPS) Pillar Two framework. This ensures that large multinational enterprises (MNEs) operating in the UAE are subject to a minimum effective tax rate of 15% on locally earned profits. - [What Are The Mandatory Compliance Requirements In UAE?](https://thefirst-check.com/what-are-mandatory-compliance-requirements-uae/): Before entering into UAE market for starting a business, it is must to know the mandatory compliance requirements by the financial regulatory compliance services in UAE. This blog has curated a list of regulatory compliance to be followed in the UAE market. - [Tips to Select the Best ERP Advisory Services in UAE](https://thefirst-check.com/tips-to-the-best-erp-advisory-services-in-uae/): The ERP advisory services in UAE are crucial for the businesses aiming to make informed decisions that align with their strategic objectives. The First Check Consultant in UAE are dedicated for the financial strategic planning, business setup, accounting, corporate finance with the corporate tax planning and offers compliance solutions to the enterprises for cost-effective solutions. - [The Impact of Global Economic Trends on UAE Businesses](https://thefirst-check.com/global-economic-trends-on-uae-businesses/): It will often prove much easier to overcome the multitude of hurdles associated with business setup and formation with the help of the best business setup consultants in UAE. - [How CFO Services Help Startups Scale Successfully in UAE](https://thefirst-check.com/cfo-services-help-startups-successfully-in-uae/): CFO services for startups include creating a solid financial base, which includes budget planning, growth projections, and cash flow planning. - [Why Your Business Needs a VAT Consultant in Dubai](https://thefirst-check.com/why-your-business-needs-vat-consultant-in-dubai/): VAT compliance is a different story when it comes to companies in Dubai because itā€™s integral to be able to compete in the global market. ## Pages - [Suraj Subedi](https://thefirst-check.com/core-team-profiles/suraj-subedi/): Suraj Subedi is a seasoned Chartered Accountant with over 9 years of experience in external audit, including Big 4 experience in the United Arab Emirates and India. His expertise includes external audit management, control reviews, developing policies and procedures, and risk-based audits focusing on financial, compliance, and operational risk. - [Heena Chugh](https://thefirst-check.com/core-team-profiles/heena-chugh/): CA Heena is a highly accomplished finance and tax professional with extensive experience in UAE Corporate Tax, Internal Audit, Financial Reporting, and Business Advisory. She has successfully supported businesses in navigating UAE Corporate Tax compliance, as well as Income Tax and GST regulations in India, ensuring full regulatory adherence while identifying practical tax optimization opportunities. - [Career](https://thefirst-check.com/career/): Guide entrepreneurs and companies through business registration, licensing, PRO services, and corporate structuring solutions. - [Life at TFCC](https://thefirst-check.com/life-at-tfcc/): From birthdays and festivals to company milestones and special occasions, we love celebrating together and creating memorable experiences as a team. - [Blogs](https://thefirst-check.com/blogs/): July 5, 2025/No Comments - [Piyush Papneja](https://thefirst-check.com/piyush-papneja/): Associate Partner Competencies Corporate Tax Advisory & Structuring VAT Compliance & Health Check Reviews Economic Substance Regulations (ESR) Advisory Regulatory Compliance & Risk Assessment Excise Tax Advisory & Return Filing Tax Opinions on Complex Regulatory Matters Cross-Border Taxation (Indiaā€“UAE) Tax Impact Assessment & Implementation Support Client Engagement & Business-Centric Solutions Advisory on Evolving Tax Laws & Frameworks Piyush Papneja Experience Overview Piyush Papneja is a seasoned Chartered Accountant with over seven years of experience in tax advisory, regulatory compliance, and consulting across the United Arab Emirates and India. His expertise lies in delivering practical, business-aligned tax solutions that enable companies to maintain regulatory compliance while optimizing their tax positions in a dynamic legislative environment. Piyush leads engagements for clients across a wide range of sectors, offering deep expertise in Corporate Taxation, Value Added Tax (VAT), Economic Substance Regulations (ESR), and excise tax. He has previously worked with leading regional and international consulting firms, where he played a key role in advising businesses on the impact and implementation of evolving tax regimes, especially in the context of cross-border operations. Piyushā€™s work includes issuing tax opinions on complex regulatory questions, conducting ESR assessments, managing corporate tax readiness initiatives, and supporting clients through pre- and post-implementation VAT reviews. He has successfully overseen VAT return preparation and filing, excise tax compliance, and tax health checks, ensuring that clients are both compliant and strategically positioned. With a strong command over UAE Federal Tax Authority (FTA) guidelines, Indiaā€™s Goods and Services Tax (GST) regime, and international tax best practices, Piyush brings a comprehensive and analytical approach to each assignment. His ability to simplify complex regulations and communicate them in actionable terms has made him a trusted advisor to SMEs, multinational corporations, and regulated entities alike. Areas of Expertise s Work Experience Bachelor of Commerce ā€“ Delhi University from India Chartered Accountant (ACA) ā€“ India - [Ravi Mehta](https://thefirst-check.com/ravi-mehta/): Director ā€“ Bahrain, KSA & Oman Operations Ravi Mehta Experience Overview Ravi Mehta is a finance and business strategist with over 25 years of experience across investment banking, real estate, manufacturing, hospitality, SMEs, and trading. He leads operations in Bahrain, KSA, and Oman, focusing on business development, strategic execution, and financial advisory services. With a strong background in corporate finance, risk management, and investment structuring, Ravi advises businesses on optimizing financial performance and implementing growth strategies in complex regulatory environments. His expertise in mergers and acquisitions (M&A), financial restructuring, and market expansion positions him as a trusted advisor for companies scaling in the GCC region. Ravi specializes in creating complex financial models to support sustainable growth and profitability. He develops capital-raising strategies, including debt financing and private equity, and has successfully improved cash flow and operational efficiency for various clients. His risk management and compliance advisory services identify and mitigate risks while ensuring adherence to regulatory frameworks in Bahrain, KSA, and Oman. Ravi also drives business expansion by identifying investment opportunities and forming strategic partnerships with investors and government entities. As an M&A advisory expert, he leads transactions involving due diligence, valuation, and negotiations, ensuring successful strategic acquisitions and divestitures. His industry expertise includes advising on real estate investments and project financing, structuring hospitality and tourism investment deals, optimizing trade finance for manufacturing and trading sectors, and supporting SMEs and startups with fundraising and compliance. With a deep understanding of regional business dynamics, Ravi continues to drive success in the GCC, making him a valuable partner for businesses pursuing growth and financial excellence. - [Raj Singh](https://thefirst-check.com/raj-singh/): Director ā€“ Corporate Finance & Restructuring Raj Singh Experience Overview Raj Singh is a financial and technology expert with over 25 years of experience in project finance, corporate turnaround, and restructuring. He has led significant projects for global corporations, including IBM, Siemens, Discovery, British American Tobacco, and Panasonic, across the US and Asia. Currently, Raj serves as a strategic advisor to top corporate finance firms in the UAE. In 2014, he established a business turnaround division, assisting companies with financial restructuring, capital optimization, and strategic growth planning. His expertise includes securing funding, restructuring debts, and optimizing capital efficiency, as well as guiding distressed companies back to profitability. Raj provides corporate finance solutions, including financial advisory for mergers, acquisitions, and investment structuring, and facilitates Shariah-compliant funding through Sukuk. He also offers premium Public Relations Officer (PRO) services, ensuring smooth regulatory approvals and financial arrangements. His achievements encompass securing business licenses, arranging working capital, negotiating loan settlements, and obtaining financing for SMEs. Additionally, Raj has played a vital role in project setup services, assisting with land approvals and infrastructure requirements at subsidized rates. With a proven track record in financial restructuring and investment strategy, he remains a key advisor in corporate finance, promoting sustainable growth and financial resilience for businesses. Educational Qualifications & Accreditations of Science in Computer Science ā€“ IIT Delhi Post Graduate Diploma in Management (PGDM) - [Jibran Ahmed Tak](https://thefirst-check.com/jibran-ahmed-tak/): Director ā€“ Governance, Risk & Compliance | Legal Practioner Competencies AML/CFT Compliance & Risk Management Risk Assessment, Mitigation & Internal Audit Client Onboarding, KYC/EDD & UBO Compliance Policy, SOP & Regulatory Documentation Sanctions Compliance & Transaction Monitoring Trade-Based Money Laundering (TBML) Risk Mitigation Legal Advisory & Regulatory Interpretation Litigation Support & Dispute Resolution Training Effective Communication & Stakeholder Engagement Jibran Ahmed Tak Experience Overview Jibran is a seasoned Legal, Compliance, and Corporate Governance professional with over a decade of experience in Governance, Risk, and Compliance (GRC), Litigation, Corporate Advisory, AML, and Regulatory Compliance. He has advised regulated entities, financial institutions, banks, and DNFBPs on implementing robust governance frameworks, risk management strategies, and compliance programs to ensure regulatory adherence and operational integrity. His expertise includes developing corporate governance policies, drafting SOPs, and designing risk management frameworks tailored to financial institutions and corporate entities. Jibran has successfully led risk assessments, control testing, and internal audits, helping organizations strengthen internal controls and mitigate governance risks. He has also played a key role in preparing for regulatory inspections and audits conducted by SCA, DFSA, ADGM, CBUAE, and the Ministry of Economy. Jibran specializes in corporate governance advisory, ensuring board oversight, ethical leadership, and regulatory compliance. He has designed board charters, governance policies, and compliance training programs to enhance transparency and accountability at all levels of an organization. Additionally, he has developed and implemented AML/CFT, sanctions compliance, and fraud risk management frameworks in alignment with global best practices. A strong advocate for risk and compliance education, Jibran has trained senior leadership and operational teams on governance principles, AML regulations, and risk management. His strategic insights continue to support businesses in navigating complex regulatory landscapes, implementing effective governance structures, and aligning with global compliance trends. Education & Accreditations B.A. LLB (Hons) Enrolled Advocate ā€“ Bar Council of India Post Graduate Diploma in International Trade and Business Law International Compliance Association Certificate in Anti Money Laundering International Compliance Association/Ministry of Economy Certificate in AML/CFT for DNFBPs - [Sarika Sankhi](https://thefirst-check.com/sarika-sankhi/): Partner | Business Setup & Insurance Specialist Competencies Business Setup & Corporate Structuring Regulatory & Compliance Advisory Foreign Investor Support & Market Entry Insurance Underwriting & Risk Assessment Policy Servicing & Claims Management Tax Compliance & Financial Advisory Business Development & Client Engagement Multisectoral Industry Expertise Shariah-Compliant & Conventional Financial Solutions Sarika Sankhi Experience Overview Sarika Sankhi is a trusted advisor in business setup and regulatory advisory, with extensive experience supporting clients across UAE mainland, free zones, and offshore jurisdictions. She has successfully guided numerous businesses through entity formation, licensing, and operational setup across sectors like insurance, trading, and healthcare. Sarika specializes in helping foreign investors navigate legal structuring, compliance, and market entry with confidence and ease. Sarika is known for her hands-on approach in supporting foreign investors with legal structuring, bank account opening, visa processing, and government liaison, ensuring a seamless market entry. Her multidisciplinary experience across industries such as insurance, trading, hospitality, and healthcare makes her a trusted advisor for businesses seeking strategic, timely, and sustainable expansion in the UAE and beyond. Her expertise spans business development, where she drives sales strategies, manages client relationships, and fosters revenue growth; underwriting & risk assessment, evaluating policy applications while ensuring regulatory compliance; policy servicing & claims management, overseeing policy administration, endorsements, renewals, and claims processing for fair and timely settlements; and tax compliance & financial advisory, assisting businesses with regulatory adherence, financial structuring, and strategic planning. Sarikaā€™s deep industry knowledge, combined with a client-centric approach, makes her a trusted advisor in insurance, finance, and business consultancy. In addition to above, Sarika also has finance and insurance extensive experience in underwriting, policy servicing, claims management, and financial advisory. She has previously worked with leading international and regional financial institutions, including Oman Insurance, Allianz Takaful, Bajaj Allianz, and ICICI Lombard, gaining expertise in both conventional and Shariah-compliant insurance solutions. With a strong background in financial services and risk management, Sarika has successfully assisted businesses across various sectors, including insurance, investments, and taxation. She has played a key role in setting up companies in mainland UAE, free zones, and offshore jurisdictions, advising on legal structures, licensing, and regulatory compliance. She also supports foreign investors with company formation, bank account opening, and visa processing. Education & Accreditations Master of Business Administration (MBA) Bachelor of Commerce ā€“ India - [test](https://thefirst-check.com/test/): hi - [The Advisory Board](https://thefirst-check.com/the-advisory-board/): Satish is a founding partner of Kramsha Law, Advocates. - [Business Set up Consultants in UAE](https://thefirst-check.com/business-set-up-and-pro-services/): Start Your Business in the UAE with The First Check Consultants - [Founder and Partner](https://thefirst-check.com/founder-and-partner/): Sarika had worked with top International and Regional Insurance Firms like - [Industry](https://thefirst-check.com/industry/): The manufacturing industry is indeed the ā€œbackboneā€ of a countryā€™s industrial development. The First Check Consultants is supporting and guiding the clients in improving revenue and cost metrices.Ā  We also help in Corporate Finance Services like Bank Funding, LC, LGs, Working Capital Finance and Capital Project Fundingā€™s. Ā We focus highly on digital transformation to obtain an edge in this competitive market. We try to solve challenges, especially the price-conscious market and underdeveloped infrastructure. - [Insights](https://thefirst-check.com/insights/): Katara Hospitality Group: 45+ hotels & resort Al Messila, a Luxury Collection Resort, Doha Sheraton Grand Doha Resort & Convention Katara Towers, Raffle & Fairmont in Lusail Katara Towers, Raffle & Fairmont in LusailSharq Village & SPA, A Ritz Carlton Hotel, Doha Past Employers & their Group Companies/Clients Katara Hospitality Group: 45+ hotels & resort Al Messila, a Luxury Collection Resort, Doha Sheraton Grand Doha Resort & Convention Katara Towers, Raffle & Fairmont in Lusail Hilton Salwa Beach Resort & Villas, Doha Sharq Village & SPA, A Ritz Carlton Hotel, Doha Hotel Park, Doha Dana Club, Doha Doha Marriott Burgenstock, Switzerland Somerset West Bay Doha Movenpick Hotel, Doha Peninsula, Paris Qetiafan Island, Qatar Plaza Hotel, USA Grosvenor House, A JW Marriott Hotel, UK Carlton Cannes, France Le Royal Monceau- Raffles Paris Intercontinental Madrid Raffle Hotel, Singapore Others including SPVs/Structured Companies Qatar First Bank and Its subsidiaries/investee companies Al Wasita Catering Company, UAE Qatar Engineering & Construction ( EPC Co.) Al Noor Hospital, UAE Cambridge Medical & Rehabilitation Centre, UAE AVIVO Health Care, UAE Amanat Holdings Ltd, UAE ENPI Group of Companies- 8 Factories in UAE Future Card Ltd, UAE QFB Capital LTD, DIFC, UAE Watania Takaful, UAE Memorial Healthcare Group, Turkey English Home, Turkey Kuwait Energy LTD, Kuwait Tebyan Asset Management Company, Cayman Leinster Square, Real Estate Project, UK Westbourne Real Estate Project, UK Oil & Gas JVs in Kenya, Africa Real Estate Investments in USA & UK Others including SPVs & Structured Companies Wealth Management Group Bajaj Allianz Life insurance Bajaj Allianz General insurance Balaji Group & its subsidiaries Balaji Laminates and Packaging Balaji Polymers Balaji Cargo SMS School Green Chilly F and B Balaji Marketing Hari Bhakti & NM Raiji Co, involved with below clients SBI Asset Management Birla Sun Life Asset Management Bank of Baroda Asset Management HDFC Asset Management JP Morgan Chase L and T Cement Ambuja Cement Data Matics Karvy Consultant - [VAT & Corporate Tax Planning Dubai](https://thefirst-check.com/vat-corporate-taxation/): At The First Check, we simplify complex tax landscapes so your business can thrive with clarity and confidence. Whether youā€™re a startup, SME, or multinational enterprise, our expert team ensures end-to-end support with VAT registration, corporate tax advisory, filing, and compliance, all tailored to UAE regulations. - [Our Strength](https://thefirst-check.com/our-strength/): 100+ years - [Himanshu Profile](https://thefirst-check.com/himanshu-profile/): himanshu@@thefirst-check.com 502510288 Twitter Facebook-f Linkedin-in Himanshu Head Finance & Audit functions and oversight over Governance, Compliance, Investment, Treasury, Risk, Admin & HR, Procurement Experienced Experienced( 20 years+ with 15 years in GCC) Finance, Risk and Audit Professional Experienced in Listed, Regulated, Government and closely worked with BCG, BOOZ and Big 4 firm on projects Experienced in dealing with Central Banks, Financial Centers like QFC, DIFC and Stock Exchanges Rich Experience in Internal Audit, Risk Management, Governance, ICoFR and Compliance Biography Extra qualification Chartered Accountant, Company ( Board) Secretary, CIPA( Certified Islamic Public Accountant, AAOIFI) Diploma in IFRS, ACCA, UK , Member of IIA, USA and, Training workshop in Block Chain, Fintech and Fraud Investigation Worked with Worked with Katara Hospitality( QIA, SWF) since March 2020 as Head Of Internal Audit/CAE & Advisor to the Chairman of the Board Worked with Qatar First Bank (QFB) for 11 years in Deputy CFO role/ Acting CFO to oversee CFO office responsibilities Worked with Allianz Group, Regional Investment Firms and Consulting Firms in India Others Quality Strong relationship skills with internal and external stakeholders i.e. Consultants, Auditors, Bankers, Suppliers and Regulators Good network and contacts across GCC and India within Professional, Investor and Business Community Others Quality Work cover Led Business Planning & Strategies, Financial Accounting, Budgets, Tax Planning & Compliance, IFRS 9 and IT Implementation Led the Listing, Fundraising, Valuation & Due Diligence, Feasibility and Investment Process Led Audit Strategies and advisory & presentation to the Top management and Board on Risk, Strategies and Governance Prepared Audit Charter, Risk Based Internal Audit Plan, Internal Audit Budget and Audit Execution Supervised the Audit Plan implementation including training during audits, reports and follow up Managed State Audit Projects: Governance, Risk report, Financials, Compliances, Projects and HR Risk reports i.e. Capital Adequacy, Operational Risk, Credit Risk, Market Risk, Liquidity & Cashflow Risk and Stress testing - [Dhiraj Profile](https://thefirst-check.com/dhiraj-profile/): Managing Partner | Chartered Accountant | Approved DFSA Senior Finance Officer | Qualified Board Secretary Competencies Internal Audit Corporate Finance CFO Advisory M&A and Investments Compliance & Taxation Corporate Governance Risk Management Investment Operation Dhiraj Sankhi Experience Overview Dhiraj Sankhi is a seasoned finance and governance professional with extensive experience across multiple regulatory jurisdictions, including DFSA/DIFC, ADGM, QFCRA, SCA, Cayman, Mauritius, BVI, USA, and the UK. He has served in key leadership roles, including CFO and Head of Internal Audit, overseeing treasury, investment, governance, compliance, and HR functions. Dhiraj is currently serving as Independent Board Member, Finance Officer and Risk Officer in across multiple entities which are regulated by DFSA and in addition, is also advising FSRA and SCA regulated entities. He has played an advisory role to boards, working closely with ministers and high-profile directors in designing and implementing business strategies and governance frameworks. His expertise spans corporate governance, board charters, internal audit, compliance, AML, and risk management. He has collaborated with leading consulting firms, including BCG, Booz, and the Big Four. Dhiraj has successfully led financial planning, corporate strategy, performance monitoring, and capital markets transactions, including an IPO (QAR 2 billion) and refinancing negotiations (USD 250 million). He has been instrumental in fund structuring, licensing, investment processes, and regulatory approvals. His expertise extends to FATCA/CRS compliance, tax planning, transfer pricing, and regulatory reporting. He has actively participated in key committees, including ALCO, Investment, Products, Governance, and Audit Committees, and has been a trusted liaison with regulators, banks, custodians, and external consultants. Education & Accreditations Bachelor of Commerce ā€“ University from India Chartered Accountant (FCA) ā€“ India Company Secretary (CS) ā€“ India Member of Internal Audit Institute (IIA) ā€“ USA Diploma in IFRS ā€“ ACCA, UK Licentiate ā€“ Insurance Institute of India Certified Islamic Public Accountant (CIPA) ā€“ AAOIFI Fellowship of Emirates Association For Accountants And Auditors ā€“ - [Business Consultancy](https://thefirst-check.com/business-consultancy/): At The First Check, we empower businesses to grow smarter, scale faster, and stay compliant. Our business consultancy and advisory services are designed to address the UAEā€™s dynamic business environmentā€”from startup support to regulatory guidance and strategic transformation. - [IT & ERP Advisory Services in UAE](https://thefirst-check.com/it-advisory-products/): ERP Advisory Services, In todayā€™s fast-moving digital landscape, businesses in the UAE must adopt the right technology to remain competitive, compliant, and scalable. At The First Check, we offer tailored IT advisory services and tech product solutions that align your technology investments with business goalsā€”from startup stage to enterprise growth. - [Investment & Corporate Finance Services UAE](https://thefirst-check.com/investment-corporate-finance/): At The First Check, we empower businesses to make smarter investment decisions and achieve strategic financial goals. Our investment and corporate finance advisory services in the UAE are designed to help you raise capital, structure deals, evaluate opportunities, and enhance enterprise valueā€”whether you're a startup, an SME, or a growing conglomerate. - [Internal Audit Consultants in UAE](https://thefirst-check.com/internal-audit/): We offer Internal Audit Co-Sourcing which is the best collaborative partnership between external appointed providers and in-house teams. This type of approach helps in plugging knowledge gaps to finish a particular project on time. - [Regulatory Compliance & Reporting Services in UAE](https://thefirst-check.com/compliance-and-aml/): In the UAEā€™s fast-evolving regulatory environment, staying compliant with Anti-Money Laundering (AML) and regulatory frameworks is no longer optionalā€”it's mandatory. At The First Check, we provide end-to-end Compliance and AML services to help businesses meet their legal obligations, minimize risk, and build trust with financial institutions and regulators. - [Compliance & AML Services](https://thefirst-check.com/compliance-aml-services/): Our Risk Consulting Process follows as standard process from assessing the risk maturity to redesigning the risk operating model. - [Bookkeeping and Accounting Firm in Abu Dhabi & Dubai, UAE](https://thefirst-check.com/cfo-and-accounting/): At The First Check, we provide end-to-end accounting services and virtual CFO advisory to support businesses at every stageā€”from startup to scale-up and beyond. Whether you're looking to streamline your books, gain deeper financial insights, or raise capital, our expert team ensures you have the numbers and strategy to move forward with confidence. - [Corporate Governance Consultants in UAE](https://thefirst-check.com/corporate-governance/): Leveraging a whole set of services assisting enterprises with proven corporate governance insights during institutionalization process. - [Audit & Assurance Consultant UAE](https://thefirst-check.com/audit-assurance/): Certified & Approved Auditor Serving Across the UAEWe are an approved audit firm supporting businesses across: - [Home](https://thefirst-check.com/): Experts in AML/CFT Compliances, Financial and Tax Planning, Business Setup, Strategies, Accounting, Corporate Finance, and Regulatory Compliances - [Blog](https://thefirst-check.com/blog/) - [Core Team Profiles](https://thefirst-check.com/core-team-profiles/): Dhiraj Sankhi founder and managing partner Practice Head ā€“ Banking and Financial Advisory & Compliance Jibran Ahmed Tak director - governance, risk and compliance Practice Head - Governance, Risk and Compliance Raj Singh director corporate finance & restructure Heena Chugh Manager Taxation & Accounting - [About Us](https://thefirst-check.com/about-us/): To provide impactful financial, investment, and management consultancy; accounting and tax advisory; business setup guidance; compliance support; and commercial insights that empower our clients to make informed decisions, ensure regulatory alignment, and drive business success. - [Contact Us](https://thefirst-check.com/contact-us/): Office 2403, The Prism, Business Bay, Dubai, UAE.