Regulated Financial Entities
Branch Company – the parent company remains its sole owner. As such, there is no share capital required to open a branch oﬃce. The branch company also uses the parent’s articles of incorporation.
Representative Office –Representative Oﬃces are usually the most cost-eﬀective The major diﬀerence with representative oﬃces is that their business activities are limited to promoting and sourcing work for the parent company. Representative Oﬃces are not allowed to make a proﬁt in the UAE and must outsource all work back to the parent company.
Wincore Advisory Group’s structuring team will advise you on the best structuring to establish your UAE presence, establish your branch or representative office whilst assisting you in fulfilling all regulatory licensing with ROC (Registrar of Companies), DED (Department of Economic Development), Freezone authority and the Regulatory authorities.
Branches and Representative Offices
Merits of establishing a branch or representative office in DIFC freezone
Merits of establishing a branch or representative office in ADGM freezone
The ADGM Free Zone has three independent authorities:
Abu Dhabi Global Market is an international financial center for local, regional and international institutions. ADGM Free Zone is regulated by three independent authorities (the Registration Authority, the Financial Services Regulatory Authority (FSRA) and ADGM Courts) to ensure that ADGM center operates in line with best international practice recognized by major financial centers. ADGM Free zone incorporates various entities providing financial or non-financial services.
Special Purpose Vehicle (SPV) model was drawn on the best available structures internationally and therefore offers a number of different vehicles in which to fulfil narrow, specific or temporary corporate objectives.
In addition to the standard SPVs, ADGM has also introduced a new Restricted Scope Company structure: Restricted Scope Company (RSC). An ADGM RSC is a company (usually a Private Limited Company) with the limited public disclosure requirement. RSCs are particularly useful for Single Family Offices or SPVs established to hold investments or own assets.
Key Features and Benefits of ADGM SPVs:
Strengthen the investor’s control over the 51%local shareholding of his mainland LLC business – Uses of ADGM SPVto establish a common law corporate entities layer.
CURRENT BUSINESS STRUCTURING
NEW BUSINESS STRUCTURING OR RESTRUCTURING
First degree of structuring – More confidential and sophisticated structuring are possible.
Wincore Advisory Group’s structuring team will advise you on the best structuring to establish your UAE presence and reach your objectives whilst maintaining the highest degree of control over your business and confidentiality. Wincore Advisory Group’s structuring team will advise you also on related capital raising planning, tax structuring and succession planning in a Sharia Law environment.