CCBLA - Arab-Belgium-Luxemburg Chamber of Commerce - ABLCC

Strategic sponsor of the ABLCC : DELOITTE

A bit of history:

William Welch Deloitte opened his accountancy office in London in 1845 and soon afterwards made his reputation through his work in the railroad industry – the Web of its day. He indeed developed the system for keeping railway accounts, subsequently adopted as the industry standard, protecting investors from mismanagement of funds. He also developed a system of account-keeping for hotels that was universally adopted by large hotels in Great Britain and overseas. In 1880, the first Deloitte overseas office opened in New York and branches were subsequently established all over the United States and in Canada.

The most successful expansion of the company throughout the 19th century benefited from various partnerships and mergers and continued during the 20th century, leading to the formation of group providing services in most countries of the world. The affiliation of a Japanese partner in 1952 proved to be another important strategic decision which helped building an organisation offering a wide range of multidisciplinary services. 

Deloitte Worldwide:

Today, « Deloitte » is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients. These firms are member of Deloitte Touche Tohmatsu (DTT) and provide services in a particular geographic area. DTT helps coordinate the activities of the member firms which are separate and distinct legal entities and are structured in accordance with national laws and regulations.

DTT and its member firms are committed to the highest levels of ethics, integrity and quality. This is evidenced by the member firms’ business practices and client service standards, their leadership behaviour and shared values and by the quality of the people they employ. The vision and strategy of DTT and its member firms focuses on Deloitte becoming the standard of excellence in all of the businesses and services the member firms provide.

Deloitte Luxembourg:

With around 1,100 professional staff, Deloitte is one of Luxemburg’s largest, strongest and oldest professional services firms. Its multidisciplinary teams focus on clients operating in various industries and provide quality services in the fields of audit, accountancy, tax, financial advisory and consulting.

Deloitte in Luxemburg recorded a 13.5% increase in its revenues up to €143.9 million for the 2008-09 fiscal year. This represents the fifth consecutive year of double-digit growth for the firm. The advisory and consulting service line, the largest in the market with some 250 staff, grew by 18.4% while the audit department grew by 19% and the tax department stabilised its business despite a difficult environment for international transactions.

The activities of Deloitte in Luxemburg also focus on Middle Eastern investors wishing to invest outside their region, and foreign investors looking to develop business in the Middle East through the Luxembourg holding and investment funds platform. Deloitte Luxembourg also focuses on the Islamic Finance market. Deloitte Luxembourg indeed participates in various industry working groups to reinforce the relations with the Middle Eastern market and has in-house experts familiar with the Islamic finance principles. Deloitte thus offers accounting, consultancy and compliance services to Luxemburg Islamic finance investment vehicles and tax advice on Islamic finance products and Sharia’a investment funds. Its role has become essential to structure Sharia’a compliant products in the most tax efficient way.

For in-depth Sharia’a advice, we can rely on Deloitte’s Islamic Finance Knowledge Center located in Bahrain, and the unique position of Deloitte as the only Big 4 having a Sharia’a Scholar within our network: Mufti Hassaan Kaleem, a pupil of the industry renowned sheikh Mohammed Taqi Usmani.

Deloitte SA

Contacts :

Raymond Krawczykowski

David Capocci

Alain Verbeken

Ashraf Ammar

Manager - TAX-International / GFSI
Phone: +352 451 452 058
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