Technology, Media & Telecom
Stewarding the Metaverse of Technology, Media & Telecom
The Technology, Media & Telecom (TMT) industry in the Gulf Cooperation Council (GCC) faces both unprecedented challenges and exciting opportunities. While the region faces a shortage of skilled professionals in digital technologies, limited integration between and amongst GCC states hampers regional expansion. GCC governments are investing heavily in digital initiatives, aligning with Vision 2030 plans. Over 40% of ICT investments by 2025 will focus on digital transformation. GCC economies have already launched advanced 5G networks that support data-intensive products and services, driving growth in the TMT sector. The GCC countries have well-defined and robustly controlled regulatory frameworks applicable for the telecom industry. Dubai, Bahrain and KSA are the leading FinTech congenial marketplaces with authorities such as Virtual Assets Regulatory Authority (VARA) which is the first of its kind in the region. UAE and KSA host global chains of technology giants in the region and have inculcated healthy competition through Regional Head Quarter (RHQ) tax regime of KSA and Qualifying Free Zone Person tax regime of UAE.

Our Comprehensive Suite of Services for Technology, Media & Telecom Sector
We offer the following services to TMT players in the GCC region:

Telecom Regulatory Authority compliances

Consumer Protection Advisory

Treasury and Transaction Advisory Services

Digital Direct and Indirect Tax Advisory

Internal Audits

AML/CFT Advisory

Assurance Services

Technological Transformation

Restructuring & Outsourcing
Request for Proposal
Latest Publications

Tax Bites Edition 2 of 2024

Assurance Bites Edition 01 of 2024

Accounting Bites Edition 1 of 2024

Achieving tax-residency of UAE with the help of Double Tax Treaties
A tiebreaker clause is a provision in a DoubleTaxTreaty (DTT)