News Alert:

Standard Operating Procedures Services

Standard Operating Procedures

Ensure consistency, efficiency and quality in your critical operations without worrying about disruptions.

MBG’s approach to Standard Operating Procedures (SOP)s involves meticulous analysis and data-driven insights to help you take prudent decisions and achieve higher quality, consistency and efficacy.

    A Standard Operating Procedure (SOP) is a documented set of step-by-step instructions or guidelines that outlines how specific tasks, processes, or activities should be executed within an organization. SOPs are designed to ensure consistency, efficiency, and quality in the execution of routine or critical operations. We assist organizations in improving processes by documenting their existing workflows and benchmarking their operating procedures to the industry’s best practices: By specifying detailed Work Steps, Highlighting the Key Controls and Identifying the responsible Person / Department(s) for each Work Step Approval Mechanism

    What is the regulatory landscape regarding policy and procedure in the UAE?

    • UAE Labour Law: This law requires employers to have policies and procedures in place for a variety of employment-related matters, such as hiring, termination, and disciplinary action.
    • UAE Consumer Protection Law: This law requires businesses to have policies and procedures in place to protect consumers, such as policies on refunds and exchanges.
    • UAE Data Protection Law: This law requires businesses to have policies and procedures in place to protect personal data, such as data collection and storage policies.
    • UAE Information Assurance Regulation: This regulation requires all entities to implement a suitable information security risk management policy. This policy must include asset identification, risk assessment, and risk mitigation measures.
    • UAE Commercial Transactions Laws: Illustrative provisions in the law that encourage or require businesses to implement certain policies and procedures. For example:
    • Article 95: Requires businesses to act in good faith and to deal fairly with their customers.
    • Article 96: Requires businesses to keep accurate records of their transactions.
    • Article 100: Requires businesses to take reasonable steps to protect their customers’ data.
    • Article 101: Requires businesses to have a system in place for handling customer complaints.
    • Article 102: Requires businesses to have a dispute resolution process in place.
    • Article 103: Requires businesses to have a process for dealing with conflicts of interest.
    • Article 104: Requires businesses to have a policy in place for managing risks.
    • Businesses should have a policy in place to manage anti-money laundering (AML) and counter-terrorist financing (CFT) risks. This policy should be tailored to the specific business and its risks, and it should be regularly reviewed and updated.

    Key Benefits:

    • Achieve Consistency. Even simple processes are susceptible to various interpretations.
    • Improve Quality Assurance and Safety
    • Simplify Employee Management
    • Avoid Knowledge Loss.
    • Enhance Autonomy.

    Why Choose MBG?

    • 600+ Professionals and experts employed full-time
    • 3,000+ Clients globally
    • 100+ Fortune 500 Clients served
    • 15 offices in 8 countries

    360-degree approach

    At MBG Corporate Services, we give you a holistic 360 degree approach to the implications of the upcoming Corporate tax regime. We offer solutions related to legal, VAT, audit, IFRS, and other UAE-related laws and regulations.

    Corporate Tax
    • - Customized Tax Impact Assessment
    • - Transition Support
    • - Post-Implementation Support
    • - Tax Group v/s Individual Entity Registration
    Transfer Pricing
    • - TP Impact & Gap Assessment
    • - TP policy review / policy development
    • - Supply chain / Functional and Benchmarking Analysis
    • - TP documentation & benchmarking analysis
    Legal
    • - Restructuring
    • - Transaction and Ownership
    • - Corporate Secretarial Compliances
    • - Compliances and Resolution
    Audit
    • - Consolidated v/s standalone financial statements Support
    • - Statutory Audit
    • - ICV Certification & Guidance
    Risk Advisory
    • - Risk assessment on selected accounts
    • - Guidelines, Policies & Procedure Manual
    • - Robust periodic Accounting Reconciliation system
    • - Training & Workshops
    • - Cost Optimization including Supply chain
    Indirect Tax
    • - VAT & Corporate tax alignment assessment
    • - Transition Support
    • - Custom, Excise, Vat reconciliation and Tax
    Open chat
    Hello
    Can we help you?