Richard Ferrand

Legacy: Putting the Family First

This comprehensive guide is designed to help you navigate the intricate landscape of family business and private wealth in the Middle East, where family businesses constitute approximately 60% of GDP and employ 80% of the workforce in the GCC, offering unparalleled opportunities for wealth creation and preservation.

Packed with insights, strategies, and expert advice from our talented lawyers, Legacy provides tailored solutions to the unique challenges of asset protection, succession planning, and dispute resolution in this dynamic region.Read the publication and equip yourself with the knowledge and tools necessary to thrive, whether you’re a seasoned investor, a family business owner, part of the next generation, or a newcomer exploring opportunities in the region.

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Biography

Richard is a Tax Advisor (Associate) based in our Riyadh office in KSA. Prior to joining Al Tamimi, he worked in the tax practice for 1 of the big 4 consultancy firms in Luxembourg for a period of 8 years.

Richard specializes in advising international and local companies in KSA on corporate tax, withholding tax and VAT matters across multiple industries including telecommunications, healthcare, consulting, media and construction among others.

Recent Experience

Advised clients on setting up joint-venture entities in Saudi Arabia, focusing on creating tax-efficient arrangements and addressing local tax implications such as Zakat and VAT.
Advised clients on tax strategies for real estate transactions, helping them navigate Saudi tax regulations and optimize their tax positions.
Advised clients on improving the efficiency of their withholding tax practices, identifying ways to reduce WHT burdens in accordance with Saudi tax laws.
Advised clients on tax due diligence for investment funds considering acquisitions, assessing tax risks and opportunities to support informed investment decisions.
Advised clients on various aspects of VAT, including compliance and optimization, to ensure adherence to Saudi VAT regulations while maximizing potential benefits.
Advised clients on leveraging double tax treaties to minimize tax liabilities, helping them apply treaty benefits effectively to reduce their overall tax burden.
Advised clients on tax aspects of establishing regional headquarters in Saudi Arabia, ensuring compliance with local regulations to support their regional operations.
Advised clients on tax structuring of their private equity and debt investments.