ICAEW Middle East, what this resource hub says about UK obligations for Arab directors

ICAEW opened their Middle East office in DIFC, Dubai, in 2009. The fact that one of the UK's most respected professional accountancy bodies has maintained a physical regional presence for over 15 years is not incidental. It reflects something real: the overlap between Arab world business and UK financial and professional standards is substantial.

For Arab directors with UK companies, this matters in two ways. First, it's evidence that the frameworks Fileminder operates within, ACCA regulation, ICAEW standards, are understood and respected by the same regional financial centres where our clients do business. ADGM, DIFC, and Tadawul all engage with ICAEW-standard governance. When we prepare your UK annual accounts, we're doing it to a standard the region recognises.

Second, the UAE resource hub that ICAEW maintains publishes guidance on cross-border business, areas where UK and home-country obligations overlap. Directors with companies in both jurisdictions face questions that neither a purely UK accountant nor a purely local accountant can fully answer. We operate across both contexts.

From our experience advising Arab directors: the most commonly overlooked cross-border issue is director remuneration. How you take money out of your UK company, salary, dividends, director's loan, has implications in both the UK and your home country. A salary from a UK company is UK-taxable. A dividend from a UK company may or may not be, depending on your circumstances. Director's loans carry UK tax charges if not repaid within nine months. These aren't hypothetical, they're regular issues for our clients.

The ICAEW Middle East hub is a starting point for understanding cross-border obligations. For your specific situation, the conversation needs to go deeper than a resource page.