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Cramer-Salamian is new to the World Tax rankings for 2012. The firm is a corporate tax planning and structuring boutique and is active primarily in the UAE. The firm cooperates with local law firm Abdulla Al-Ali & Associates and this link provides the ... [more]

Cramer-Salamian is new to the World Tax rankings for 2012. The firm is a corporate tax planning and structuring boutique and is active primarily in the UAE. The firm cooperates with local law firm Abdulla Al-Ali & Associates and this link provides the firm with tax controversy skills. The firm picks up plenty of referral work from US and UK law firms as structuring counsel in cross-border M&A. This year, highlights of their work have included use of special purpose vehicles (SPVs) in the UAE to get the benefit of double tax treaties to limit tax paid by investors in the region. A notable example was the use of a UAE SPV as part of the holding structure for a Swiss mining company investing in Mozambique. By using this structure, the firm was able to streamline the tax payable under the investment. Use of an SPV was also central to the work done for a fragrance producer seeking to set up a production unit in Gujarat in India. By using the SPV, the firm was able to obtain the import tax exemptions available under the Greater Arab Free Trade (GAFT) agreement for the client.