Thinking of New Year’s resolutions?
Follow us as we walk you through a series of easy-to-implement steps that will add value to your business.
In 2022, turbo-charge your growth with M/HQ
Against a backdrop of continuous change and development in the UAE, how future ready is your business structure? A business structure that works today and is ready for tomorrow is one that will enhance business resilience in any economic climate.
Now is the time to review your corporate structure and consider implementing small adjustments to ensure that your structure supports business growth. There are plenty of tools and avenues available achieve this.
- If shareholding is held by an individual, consider using structuring tools such as a special purpose vehicle to corporatize shareholding therefore protecting business continuity from individual shareholder risk.
- Have you considered the impact of the recent changes to the foreign ownership rules on your business structure – can you adjust your foreign shareholding and reduce operational costs?
- Boosting the credibility and sophistication of your corporate structure by implementing a hold co and op co arrangement can produce significant operational cost benefits and provide access to greater investment opportunities.
- Consider consolidating your business interests under a foundation to preserve capital, protect assets and guarantee business continuity.
Get in touch with our team! We are a phone call away to help you identify ways to ensure your business structure works today and is ready for tomorrow!
How well do you know your company? Is your company up to date with all filing and reporting requirements?
Having a strong corporate structure built on a foundation of measured, organised and verifiable compliance with regulations can considerably enhance business value and confidence.
Conducting a simple corporate health check can assist you in identifying and verifying that all applicable obligations have been met.
Regulations to look out for to ensure your obligations are assessed and met include:
- the UAE’s Economic Substance Regulations
- the Ultimate Beneficial Ownership Regulations
- the FATCA and CRS regimes;
- the new Federal Data Protection Law and similar laws in the financial free zones;
- the Value Added Tax (“VAT”) regulations; and
- the new Commercial Companies Law 2021 which came into effect
on 2 January 2022.
Failure to comply with obligations under applicable regulations may result in hefty penalties.
Boost your company’s opportunity for future success by verifying the health and status of your company under the applicable regulations.
Get in touch with our team! We are a phone call away to help you identify ways to ensure your business structure works today and is ready for tomorrow!
With increasing oversight over compliance with regulations in the UAE, how do you manage, monitor and ensure compliance with your regulatory obligations?
Outsourcing can be a quick, cost effective and practical solution to ensure your obligations are covered by professionals with expertise and market knowledge, allowing you to free up time to focus on strategic growth and development.
Benefits to outsourcing include:
- improved focus on core business activities;
- increased efficiency;
- reduced business risk; and
- opportunity to benefit from people with expertise in local regulations.
Partnering with a provider that has the resources and on the ground knowledge to adapt and manage changes to local regulations is key a successful outsourcing relationship.
M/HQ is a multi service platform that can assist with the following outsourced functions and processes:
- Outsourced finance officer and compliance officer for regulated companies
- Accounting
- VAT tax reporting and assessment
- Human resources
- Company secretarial services
Get in touch with our team! We are a phone call away to work with you to ensure your obligations are covered.
Over the years, your business has grown and evolved. But…
- How much focus did you apply on planning ahead and protecting what you have built?
- Have you accounted for third party attacks?
- Do you plan to leave your business to your family?
Legacy is important and asset protection tools provide an avenue to secure it.
Foundations are an effective tool in the UAE to secure assets and accumulated wealth and provide for intergenerational succession. They provide the icing on the cake of a well-organized and managed operating structure.
Get in touch with team M/HQ for to learn more about value and wealth preservation strategies and tools.
Several significant regulatory changes have been introduced in the UAE which come into effect this year. These include the new Labour Law, the Commercial Companies Law and the Data Protection Law. A breakthrough new federal corporate income tax system will be implemented effective for financial years commencing on or after 1 June 2023.
Such changes should spark a systematic review of your current business and a plan for adjustments to align your business and practices to the new standards. Small adjustments to your business structure and organization can improve business efficiency, ensure compliance and mitigate against risk.
Our short 4 Steps to Growth webcast series provides you with some tips and tricks to get your business on track for success in 2022 and beyond.
Step 1 – Plan for the future!
Step 2 – Understand your Compliance Obligations
Step 3 – Optimization through Outsourcing
Step 4 – Preserve your business and family assets
