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News

SFM IN PRESS

Changes to UAE Policies on Business Ownership and Residency

28 June 2018

The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year.[..]

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Our approach to protect data

20 May 2018

Much echo is being given nowadays to the looming implementation of the new European regulations regarding the processing of personal data, the General Data Protection Regulation (GDPR), and not only in the European Union.[..]

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UAE OFFSHORE

Offshore or non-resident companies are described as companies that do not conduct any business within the jurisdiction of incorporation. Here are the most renowned offshore jurisdictions in the UAE:
 
 

OUR OFFSHORE SERVICES

Experts in company formation

Registering Your Company

Full Administrative Management of Your Company

SFM offers a full A-Z of services, not just company registration. Our Account Managers specialise in company law and are at your disposal throughout the year:

  • To answer all your general questions
  • To add or remove a company shareholder or director
  • To sign contracts on behalf of the company
  • To change your company’s name
  • To open bank accounts on behalf of the company
  • To produce additional company documentation (Certificate of Incumbency, Certificate of Good Standing, etc.)
  • To dissolve a company
  • To increase or decrease your company share capital
  • To transfer the company from another agent
Experts in company formation

Director and shareholder services

Nominee Director

The Nominee Director Service is for when a client doesn’t wish to be personally appointed as a director, or there are specific local requirements for it. The name of the director will appear in the corporate documents, in any business contract, and sometimes in the jurisdiction's business register.

Upon appointment of a Nominee Director, the client and the nominee are required to sign a Nominee Service Agreement. It guarantees to the client that the nominee can only act or sign documents upon the client's request and with the client's prior approval.

Professional directors introduced by SFM work with the highest level of integrity and confidentiality.

Nominee Shareholder

A Nominee Shareholder is appointed to hold shares on behalf of the owner of the company. The name of the shareholder will appear in the corporate documents and sometimes in the jurisdiction's business register.

Upon appointment of a Nominee Shareholder, the nominee and the client will be required to sign a Nominee Service Agreement (Declaration of Trust).

Nominee shareholders introduced by SFM work with the highest level of integrity and confidentiality.

Experts in company formation

Telephone Answering and Mail Management

Why Use a Virtual Office?

This service provides a mail address and telephone number for onshore locations, thereby enhancing the reputation and credibility of your company.

Our Virtual Office Service is comprehensive and includes all administrative and secretarial assistance you require. We will assign you with a telephone number. A secretary will answer calls to this number promptly. We understand that a missed call can mean lost business. SFM has set up a high-quality structure for a fully effective virtual office.

The Main Advantages of the Virtual Office:

  • Reception and forwarding of your mail from one of our offices in RAK, Geneva, Hong Kong or the United Kingdom.
  • Phone calls are answered promptly, and dealt with according to your wishes (forwarded to another phone number or a message taken).
  • We act as your secretary. This adds substance and creates confidence in your company.
  • Your phone calls are answered from 08:30 to 19:00. Outside these hours our answering machine will take your messages.
  • You will be informed immediately of any new messages for your attention.
  • Reception of your faxes 24/7 and forwarding of the faxes to your email by scanned pdf.
Experts in company formation

Visual Identity for your Company

The visual identity of your company is crucial for your client relationships. It reflects a professional image you want to present to the outside world. Therefore, it requires careful consideration.

SFM employs a full-time professional graphic designer providing excellent customer service.

Concerned with creating your company’s visual identity, his work includes:

 

  • Business cards;
  • Headed paper; and
  • Logo delivered in several formats.

 

Company logos are designed according to client specifications and based on a theme that you are welcome to provide (depending on the activity of your company) or without any theme in mind. The cost of this service is EUR 250.

 

Here are 10 logo design examples from our dedicated graphic designer:

 

 

SFM can also take care of creating your company’s website. Click to discover our three offers straightaway, adapted to your needs. | Read More >>

Experts in company formation

Accounting and Auditing Services

In some jurisdictions such as Switzerland, the United Kingdom, Cyprus, Hong Kong, and in most of the UAE free zone jurisdictions, maintaining company accounts is mandatory. SFM can assist clients with completing their accounts.

Our services include:

  • Accounting
  • Preparing financial statements
  • Auditing
  • Completing tax returns
  • Acting as the link between the tax authorities and the client

As each jurisdiction has its own rules on accounting and the timeframe for submitting tax returns, SFM will contact you at the right time to ask you to provide us with the necessary documents to draw up the accounts.

 

These will generally include:

  • Company bank statements
  • Contracts
  • Lease contract
  • Purchase receipts/sales invoices
  • Loan documents