Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

[Mostar95]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

These companies are formed for tax purposes. Most of the places that you have mentioned are tax havens and therefore you dont have to pay tax or minimal amount if you operate from there. Most of these companies are in complex form in so far that the actual owners are hidden and therefore the tax authorities in their home land find it difficult to trace them.

Are these activities are illegal?

[ehsan]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

^ Not sure, I dont think they are illegal in the country they are formed. As to whether they are illegal in the country in which the owner resides depends on the law of the land.

[Mostar95]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

Thanks for the information.

What does specifically the qualification of Chartered Financial Analyst (CFA) offer better than CA, CPA, ACCA or CMA? Why CFAs are preferred for stock market and banks jobs?

[LP]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

I get it now

@ehsan

It was a move I had to make. As my family grew up first my son had to leave Saudi and come back to UK for his schooling as the British school in Riyadh only goes up to year 8. Than my daughter had to leave for the same reason in 1998 and along with that my wife left as well to be with our children. I spent 4 years on my own in Riyadh and that as you would know, living in Saudi on your own, can be very testing time. I was missing my family and than the prince I was working for died as well and even though his younger brother who took over the Arab News empire wanted me to continue I thought it was time to leave. I knew there were going to be difficult times ahead in UK but never realised that it was going to be that difficult. But than I love challenges, I have never shied away from them.

[ehsan]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

Thanks for the information.

What does specifically the qualification of Chartered Financial Analyst (CFA) offer better than CA, CPA, ACCA or CMA? Why CFAs are preferred for stock market and banks jobs?

I have no knowledge of the CFA qualification.

[Mostar95]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

Thanks anyway!

One of my friends who lived first 25 years of his life in Jeddah told me that European/American expatriates are called "Khawaja" there and the word of the Khawaja was always final for others to follow as endorsed by the Shaikh sahib!

Were you treated like that as being UK qualified?

[Chicken_Biryani]

Re: Sneak Peek Series - EHSAN Bhai - Chartered Accountant ..

Thanks ever so much Ehsan Bhai for giving us such valuable insight into the world of accountancy and taking so much time out for us all here in the Career forum. See you around inshallah .