Financial Services Group
At Rikaz Consultancy, we blend the seasoned spirit of traditional Damascene trade with modern financial technologies. We rely on advanced administrative and digital systems to ensure highly accurate financial reporting, while achieving full compliance with contemporary tax regulations.
About
The Financial & Tax Services Group
Financial and tax management services form the backbone of sustainable investment. At Rikaz Consultancy, we are proud to dedicate our extensive expertise in accounting, review, auditing, financial analysis, financial planning, and risk management to support business growth and enhance transparency across Syria’s emerging markets. We also provide strategic financial consulting that transforms data into forward-looking insights, while efficiently accompanying businesses through financial digital transformation. Credibility and transparency in financial dealings, and building trust bridges between local and global investors, stand at the core of our mission. We believe upcoming large-scale projects will serve as key connectors between the new Syria and its partners worldwide.
1. Accounting Services
Our current focus is on applying International Financial Reporting Standards (IFRS) within modern Syria. We prepare financial statements and reports with the highest precision using advanced accounting systems that provide a transparent view of assets, liabilities, and profitability.
Our approach draws inspiration from authentic Damascene commercial instincts, supported by AI-driven solutions for managing records, cash flow, and treasury operations. We offer fully integrated digital solutions that accelerate processes and minimize human error.
This empowers business owners and investors to clearly understand financial performance and make bold, confident investment decisions based on realistic insights.
This service includes:
In today’s investment-driven Syria, compliance with IFRS and Syrian regulations is essential for building trust among investors and partners.
At Rikaz Consultancy, we manage your accounting books according to best practices, utilizing advanced digital systems to record and monitor transactions, ensuring full transparency and enhancing your ability to attract funding.
By combining strong local expertise with deep understanding of global standards, we position your company at the forefront of Syria’s investment cycle and ensure alignment with international banks and investors.
Financial statements are more than a legal requirement; they are a strategic tool for performance evaluation and informed decision-making.
We deliver accurate periodic reports, including income statements, balance sheets, and cash flow statements, in line with international benchmarks and approved Syrian standards.
These reports serve as a true reflection of your financial position, increasing confidence among investors and financial institutions.
In the era of digital transformation, accuracy alone is not enough, your accounting systems must integrate seamlessly with other business operations.
We design and develop intelligent internal accounting systems that connect procurement, sales, HR, production, inventory, and financial management through comprehensive Cloud-based ERP solutions.
These modern systems enhance operational efficiency, shorten processing cycles, and enable scalable growth, turning technological agility into a decisive competitive advantage.
2. Audit & Review Services
Audit and review services are intrinsically linked to financial integrity and comprehensiveness. Amid today’s economic shifts, we conduct meticulous account examinations based on established professional standards to prevent manipulation and strengthen stakeholder confidence.
Our methodology leverages advanced audit technologies and data analytics to identify risks before they materialize, ensuring reassurance and transparency for our clients.
This service includes:
Independent external auditing serves as a credibility certificate for your organization. We conduct comprehensive audits through licensed auditors in accordance with International Standards on Auditing (ISA), ensuring accuracy and reliability of financial data.
This impartial review enhances confidence among decision-makers, banks, and investment partners, while boosting your organization’s investment appeal.
Effective internal auditing is the first line of defense against errors and risks. We design, implement, and monitor robust internal control systems aligned with best corporate governance practices.
Our services ensure asset protection, operational efficiency, and increased investor confidence within competitive investment environments.
Certified financial reports act as your financial passport, opening doors to investors, banks, and government entities.
We prepare these reports with the highest professional standards, ensuring global compliance and strengthening your negotiating power in fast-growing markets like Syria.
3. Tax Services
Today more than ever, professional tax planning stands as a cornerstone of sustainable returns. With Syria’s new investment-friendly legislation, including tax exemptions and profit repatriation, we help you maximize benefits through legally sound structuring.
Our comprehensive tax advisory services cover local and international requirements, from accurate tax filings to managing official relations with tax authorities, ensuring compliance and operational flexibility.
This service includes:
Syria’s evolving legislative framework encourages investment, making professional tax planning a strategic tool for maximizing lawful profits and minimizing risk.
We design integrated tax strategies while ensuring full legal compliance, including consideration of tax treaties with Gulf and European countries to avoid double taxation.
Accurate and timely tax filings are essential for maintaining sound relations with authorities.
Our services include data collection, declaration preparation, compliance review, and official representation, allowing you to focus on growing your investments without regulatory concerns.
The Syrian government has introduced extensive investment incentives, including multi-year tax exemptions and customs reductions.
We guide you through eligibility requirements, application procedures, and compliance obligations to maximize returns and accelerate ROI.
4. Financial Consulting
Our financial consulting services aim to optimize capital structures and maximize returns. We analyze cash flows, evaluate project feasibility, and support informed financing and growth decisions.
Leveraging strong local expertise and regional and international relationships, we guide you toward optimal financial solutions while safeguarding and enhancing capital value.
This service includes:
Before launching any project, a clear feasibility vision is essential.
We conduct comprehensive feasibility studies, covering financial analysis, cost estimation, and expected returns, based on up-to-date market data and advanced analytical techniques.
Accurate valuation is key to successful negotiations and investor attraction.
We provide professional valuation reports based on International Valuation Standards (IVS), supporting mergers, acquisitions, exits, and financing processes.
Successful projects rely on strong financing strategies and balanced capital structures.
We design innovative financing plans combining equity, loans, and external investment, while restructuring capital to enhance flexibility and creditworthiness, especially in high-growth sectors such as fintech, blockchain, reconstruction, and public-private partnerships.
5. Financial Digital Transformation
We enable organizations to fully transition into digital financial management by adopting ERP systems and cloud technologies to automate accounting and financial operations.
This transformation ensures real-time reporting, scenario analysis, and agile financial control aligned with long-term investment objectives.
This service includes:
We convert financial systems into flexible digital platforms integrated with ERP and Cloud solutions, ensuring real-time data, reduced errors, and faster processing.
Startups require scalable and flexible financial systems. We design customized financial management platforms that track expenses, revenues, and analytics while integrating with local and global payment tools.
We provide secure integration with regional and global payment gateways and design digital invoicing systems compliant with Syrian regulations, enhancing customer experience and accelerating revenue collection.
As Syria advances toward digital tax administration, we ensure seamless integration with governmental tax platforms, reducing errors, saving time, and strengthening compliance.
6. Family Business Services
We understand the unique challenges facing family businesses in Syria, where personal relationships intersect with economic goals.
We provide specialized consulting in governance structuring, ownership strategies, and generational succession planning, preserving family cohesion while growing wealth.
This service includes:
We help separate ownership from management by establishing professional administrative structures while maintaining family ownership, ensuring sustainability and competitiveness.
We design clear governance frameworks including family councils, authority definitions, and documented inheritance policies, reducing conflict and enhancing institutional credibility.
We support the transformation from personal management models into institutional enterprises through role redistribution, process optimization, and modern control systems.
We develop strategic succession plans to prepare future leaders through training, gradual responsibility transfer, and knowledge handover, ensuring long-term stability and success.