Overview

“In giving advice, seek to help,
not to please, your friend.”
— Greek statesman Solon

The foundation of our business is trust and expert advice. To assist clients during current unprecedented times, Solon Consultancy is focused on long-term value creation through development of unique and bespoke solutions. We serve both individuals and corporations. In line with the vision of our leadership, Solon Consultancy is maintaining a vast network of business contacts in various industries in Europe, UK, the GCC region, and Asia in order to better meet specific needs of our clients.

We assist our clients with facing their most important challenges and capturing their best opportunities. Solon Consultancy provides agility when it comes to problem solving and the ability to do more with less.

Compliance & 
AML Practices

With increased regulatory pressure and operational complexity, more and more attention is paid to compliance.
With each passing day, there comes an increasingly greater shift in compliance into a more strategic and proactive stage, rather than reactive one.
Solon Consultancy has a number of internal policies against which our clients are checked. Such policies include, inter alia, Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT), Anti-Bribery and Corruption (ABC) Policy, Know Your Client (KYC) Policy, Client Due Diligence (CDD).

Complying with relevant regulations requires taking a risk-oriented approach towards assessing the risks from doing business with certain customers and third parties.
The overall objective of the Polices (besides meeting regulatory requirements) is to promote transparent business culture and ethical business practices.
Our Policies apply not only to Solon Consultancy, but to (any/all of) our subsidiaries, affiliates, divisions, and other controlled business entities and operations, as well as to all of our directors, officers, executives, senior leaders, employees, and temporary workers. Moreover, the principles set forth in many of our Policies extend to our Business Partners through the application and acceptance of our Business Partner Code of Conduct (BPCC).

ESG Goals

We fully support the United Nations in the implementation of the UN Sustainable Development Goals. We ensure a safe work environment. We encourage diversity and foster an inclusive workplace. In our operations, we use our resources efficiently and diligently.

As a consultant, we do our best to encourage our clients to implement sound corporate governance and sustainable business practices and fully embrace ESG principles, which should result in the creation of long-term value.

It is our genuine belief that adherence to the principles of sustainability enhances value and provides for the long-term preservation of environmental, social, and financial capital.

We do our best to minimize any negative consequences of our business activities and decisions on the environment.

Whenever we can, we will contribute to economic and social well-being by supporting charitable, philanthropic, and social causes.

We will make sure that our employees understand sustainability priorities and core related issues.

Ethics and 
Business conduct

Do the right things and do things right.

This saying is at the core of our business culture and conduct. It might take years to grow and rebuild a business reputation but it can be lost in a minute. So our reputation and professionalism are our two biggest assets.

In the execution of our work, we go beyond the simple compliance with laws and regulations and follow the principles of business integrity and ethical conduct.

We do our best to conduct business in ways that reflect our standards of conduct and our values. We must not sacrifice our integrity and act unethically when trying to reach our goals.

Only by maintaining our reputation and professionalism will we be able to gain respect and support from our clients and employees.

Why work
in GCC region?

We are ready to assist our clients with their operations in the UAE and the GCC region. But why would one like to work in the GCC?

GCC stands for Gulf Cooperation Council (GCC).

The GCC comprises Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar. The World Bank expects the economies of the GCC member states to expand by 5.9% overall in 2022.

In the case of Saudi Arabia, the growth is expected to accelerate to 7% in 2022, driven by stronger oil output following OPEC+ production cuts and continued growth in non-oil sectors, and supported by stronger consumption, increased tourism, and higher domestic capital spending.  The UAE's economic recovery is projected to continue in 2022, with growth anticipated to reach 4.7% driven by oil and non-oil sectors.

PWC is also expressing optimism when it comes to the GCC region:
Historically, GCC governments have been a major supplier of capital abroad, but in recent times they have, in turn, shifted gears to attract foreign investment and capital. This boost to financial markets will be accompanied by coordinated efforts to attract international capital, for example:

— Liberalizing foreign investment

—the UAE added more sectors to its list of 100 percent foreign ownership industries.

— Introducing business environment reforms

— Oman recently announced fee reductions for government services; while the UAE shifted its work week from Monday to Friday to align economic activity with global norms.

— Enhancing visa regimes

— premium residency or golden visa programmes are likely to be expanded further.

«The UAE is the most competitive country in the Arab world, according to the 2022 IMD World Competitiveness Ranking.» - Zawya.com

Diversity

Inclusion, diversity and equality are not just some vague moral standards, they are an integral part of our mission — to help our clients make substantial and long lasting performance improvements and to build businesses that attract, involve and nurture exceptional people.

Adherence to the core principles of inclusion, diversity and equality ensures fair treatment and opportunities for all. It keeps our employees satisfied and motivated and our clients happy.

We expect each one of us—no matter what our position or function is — to play an active role in creating a safe and productive environment where people from a diverse range of backgrounds can work together to achieve their goals and provide results to our clients.

Business Continuity

Solon Consultancy is committed to providing the best quality services to our clients. But it also means that our services shall be resilient. Hence, significant time is dedicated to Business Continuity Management (BCM) and Business Continuity Planning (BCP) in order to meet our legal and regulatory obligations (if any) as well as expectations of our clients.

Solon Consultancy maintains a business continuity plan to facilitate the continuity of business and operations in the event of a business disruption/interruption. We are also asking if our partners/associates have such plans and procedures.

Good Business continuity plans should include at least two main sections: Business Impact Analysis and Business Recovery Plan. Business Impact Analysis describes and examines financial and non-financial impact of the loss of a critical business process/activity. Business Recovery Plan describes steps and procedures designed to recover critical processes/activities.

We think that training is an integral part of any Business Continuity Planning. Solon Consultancy is working on certain tests and exercises that will increase the emergency preparedness of our employees.

When interacting with our key suppliers/service providers we ask them to provide certain information on their BCM and BCP.