Corporate legal
Extensive corporate legal services across the UAE.
At CBMC, we offer comprehensive corporate legal services tailored to meet the needs of businesses in the UAE. Our expertise spans two key areas:
Registrations & Compliances
Our business registrations & compliances services are a vital part of our corporate legal offerings. We simplify the process of establishing & regulating your business, ensuring all legal requirements are met efficiently. From choosing the right legal structure to navigating local regulations, we provide comprehensive support tailored to your specific needs. Our team stays updated with the latest legal changes to ensure your business remains compliant at all times. Trust us to handle the complexities of business registration, so you can focus on what you do best – growing your business.
If you’re setting up business in the UAE, CBMC is here to support your journey to success.
United Arab Emirates Corporate Legal
At CBMC, our corporate legal services in the UAE are designed to support your business at every stage. We specialize in business registration, streamlining the process of setting up your business and ensuring all legal requirements are met efficiently, from company formation to obtaining necessary licenses. Additionally, our business compliance services provide ongoing support to ensure your business adheres to all legal obligations, including annual filings, regulatory updates, and compliance audits, helping you navigate the complexities of local regulations and operate smoothly.
Business Registrations
Determine the type of business activity and select an appropriate legal structure (e.g., mainland, free zone, or offshore) based on your business goals.
Select a unique trade name for your business and reserve it with the relevant authorities.
Submit required documents to the Department of Economic Development (DED) for initial approval of your business activities.
Apply for a trade license from the relevant authority (DED for mainland or the respective free zone authority) after obtaining initial approval.
Open a corporate bank account and, if needed, proceed with visa processing for employees through the Ministry of Human Resources and Emiratization (MOHRE).
Business Compliances
Register your business with the relevant authorities in the emirate where you operate (e.g., the Department of Economic Development).
Register for VAT & Corporate Tax if your business meets the threshold for mandatory registration. Ensure compliance with VAT & CT regulations, including filing regular VAT & CT returns.
Comply with the Economic Substance Regulations, which require certain businesses to demonstrate that they have substantial activities and management in the UAE. Report on activities, financial information, and employees as per ESR requirements.
Implement anti-money laundering measures in accordance with UAE laws. This includes conducting customer due diligence (CDD) and reporting suspicious transactions to the relevant authorities.
Disclose and maintain accurate records of the ultimate beneficial owners of the company, as required by the UAE regulatory authorities. This information is typically submitted to relevant regulatory bodies.
Export credit insurance Chinese suppliers
Export credit insurance for Chinese suppliers is provided by the China Export & Credit Insurance Corporation (SINOSURE). This insurance protects Chinese exporters from the risk of non-payment by foreign buyers. This insurance helps Chinese suppliers manage the risks associated with international trade, making it easier to do business with overseas buyers.
SINOSURE, the China Export & Credit Insurance Corporation, is a state-funded and policy-oriented insurance company established to promote China’s foreign economic and trade development. It provides export credit insurance to Chinese suppliers, protecting them against the risk of non-payment by international buyers.
Key Points
It covers commercial risks (e.g., bankruptcy, default) and political risks (e.g., war, government actions) that might prevent payment
Allows exporters to offer deferred payment terms to importers, typically up to 90-120 days.
Suppliers can obtain a credit limit, which is the maximum amount of trade credit they can offer with SINOSURE insurance.
The cost of the insurance is usually 0.5% to 1.5% of the invoice value
SINOSURE Cost
For importers seeking to establish a SINOSURE credit limit to obtain deferred payment terms from Chinese suppliers, there are typically two types of costs involved:
1. Credit Investigation Fee: This fee covers the cost of assessing the importer’s creditworthiness.
2. Service Charge: This is a one-time payment made after the importer’s company has received credit limit approval from SINOSURE.
These fees are generally paid to service providers or consultants who assist in arranging the SINOSURE credit limit. It’s important to note that the Chinese supplier usually pays the SINOSURE insurance premium. Depending on the agreement between the importer and the supplier, the supplier may bear this expense themselves or add it to the invoice.
Therefore, while SINOSURE itself does not charge a setup fee directly to importers, there are associated costs for services related to establishing and managing the credit limit.
Korea Trade Insurance Corporation
The Korea Trade Insurance Corporation (K-SURE) is South Korea’s official export credit agency. Established in 1992, K-SURE aims to promote Korean exports and overseas investments by providing various trade insurance programs.
K-SURE plays a crucial role in enhancing the competitiveness of Korean enterprises on the global stage.
Key points
K-SURE offers insurance for commercial and political risks associated with exporting goods and services, overseas construction projects, and investments.
Provides credit guarantees and insurance to support Korean companies in securing financing from banks and financial institutions.
Helps Korean companies enter new markets and diversify their export items.
Offers credit research, credit information management, and debt recovery services.
Supports environmentally-friendly industries and promotes sustainable trade practices
Registered as consultant
Familiarize yourself with K-SURE’s range of products and services, including export credit insurance, overseas investment insurance, and credit information services. A thorough understanding will help you align your expertise with their offerings.
Gather essential documents such as your company’s profile, relevant certifications, and a portfolio of past projects that demonstrate your experience in trade insurance or related fields.
Reach out to K-SURE’s headquarters or regional offices to inquire about their consultant registration process. You can find their contact information on the official K-SURE website.
If K-SURE has a formal registration process, complete and submit the required application forms along with your documentation. Ensure all information is accurate and up-to-date.
Be prepared to comply with any additional requirements K-SURE may have, such as background checks, interviews, or training sessions.
Regularly check K-SURE’s official website or contact their offices for updates on consultant opportunities and any changes in their registration procedures.
By following these steps, you can position yourself to become a registered consultant with K-SURE, contributing to their mission of promoting international trade and investment.
International Corporate Legal
International business compliance services are indispensable for companies operating across borders. These services encompass a range of legal and regulatory areas, ensuring that businesses adhere to diverse and often complex international laws.
From tax compliance to trade regulations and anti-money laundering protocols, these services provide crucial support, helping organizations navigate the intricate global business environment while mitigating legal risks and ensuring ethical operations on an international scale.
Navigating compliance in various jurisdictions for global operations.
Ensuring adherence to international trade laws.
Adhering to financial regulations and reporting requirements.
Navigating compliance in the financial services sector.
Advising on customs duties and import/export regulations.
Ensuring compliance with international trade laws.
Implementing AML policies and procedures.
Conducting due diligence on clients and transactions.
Establishing and maintaining effective board structures.
Advising on compliance with company law and governance codes.
Strategic legal advice for business decisions.
Guidance on compliance with laws and regulations.
Strategic legal advice for business decisions.
Guidance on compliance with laws and regulations.
Establishing and maintaining corporate structures.
Advising on board governance and shareholder relations.
Conducting compliance assessments.
Developing and implementing compliance programs.
Change txt. Conducting compliance assessments.
Developing and implementing compliance programs.
FAQs
What is the importance of compliance for businesses in the UK, UAE, and Pakistan?
Compliance is crucial for businesses as it ensures adherence to local laws and regulations, mitigates legal risks, and fosters a trustworthy and sustainable business environment.
How can your business ensure GDPR compliance when operating in the UK?
We provide comprehensive GDPR compliance services, including data audits, policy development, and employee training to ensure your business aligns with data protection regulations in the UK.
What steps are taken to comply with Islamic finance principles when conducting business in the UAE?
Our services include advising on Shariah-compliant financial structures, ensuring your business operations align with Islamic finance principles in accordance with UAE regulations.
How can businesses navigate the complex tax landscape in Pakistan?
Our tax compliance services cover everything from advising on local tax regulations to ensuring accurate filing, helping businesses in Pakistan optimize their tax positions while staying compliant.
What measures are in place to address employment law compliance in the UK?
We offer services ranging from drafting employment contracts to advising on termination procedures, ensuring that your business operations in the UK align with employment laws
How do you assist businesses in the UAE with free zone compliance?
Our services include navigating and ensuring compliance with regulations specific to UAE free zones, facilitating business establishment and operations within designated zones.
What role does corporate governance play in ensuring compliance in Pakistan?
We provide guidance on establishing effective corporate governance structures, helping businesses in Pakistan comply with company law and governance codes.
How can businesses in the UAE comply with VAT regulations?
Our experts assist with VAT registration, compliance, and provide advice on the implications of Value Added Tax on transactions, ensuring businesses in the UAE meet regulatory requirements
What steps are taken to address environmental compliance in the UK?
Our services include advising on adherence to environmental regulations, conducting impact assessments, and implementing measures to ensure businesses in the UK comply with environmental standards.
How do you ensure that businesses operating globally remain compliant in diverse jurisdictions?
We provide international business compliance services, offering tailored solutions to navigate diverse regulatory environments, ensuring businesses operate within legal frameworks worldwide.
"Unlock Success with Expert Business Advisory Services"
“Contact Us Now to Accelerate Your Business Success Through Seamless and Expert Business Consultation Services!”