Structuring your business operations can get complicated. What every company needs is help with the optimal design that addresses commercial objectives as well as simplification of the entire process. Providence Global is one of the few global firms with a dedicated Corporate Structuring practice.
We assist with the entire company incorporation process and continue to provide legal support throughout the life of a business. We offer the most innovative and cost-effective corporate and business structuring and restructuring solutions.
We have advised on a wide variety of corporate structuring and restructuring related projects and specialise in design and implementation of corporate structures. In particular, we design a structure for our client, however complex their goal may be – in a legally compliant manner with their commercial goal in mind, and we assist them with implementation however challenging that implementation may be.
Our objective is to allow our clients to focus on their business and have a corporate structure that they know is robust and flexible enough for their short, medium and long term objectives.
Incorporation provides many advantages for a business and its owners: protection from personal liability for business debts, improved access to financing for business activities, simple transfer of business ownership through the disposal of shares and increased potential for tax planning through access to corporation tax rates and international tax treaties.
Companies can be formed in most countries in the world. The legal procedures for formation and organisation may differ from jurisdiction to jurisdiction, but most have certain elements in common – drafting the ‘Articles of Incorporation’ (which set out the primary purpose of the business), selecting the name and location, and, if appropriate, the number of shares and class of stock that are issued. Incorporation will also involve jurisdiction-specific registration information and fees.
The owner of the establishment assumes all its financial responsibilities including its financial liabilities.
Sole Proprietorship allows a single member to own 100% of the business and is registered as a separate entity from its owner.
A Private Joint Stock Company is a company where the number of the shareholders is at least two, but no more than 200.
A Limited Liability Company (LLC) is a company where the number of partners is at least two but no more than 50. As an exception to the minimum two shareholder rule for LLCs.
A Public Joint Stock Company (PJSC) is a company where the number of the shareholders is at least five. The capital of the company is divided into equal and negotiable shares.
Recognized professions such as a doctor, accountant, engineer, and lawyer can open a civil company in the UAE
A branch or a representative office of a foreign company may be wholly owned by foreigners and is only permitted to carry out marketing and promotional activities on behalf of its parent company.
Trust, Foundations, SPVs and Fiduciary Services
We design and administer bespoke corporate and trust structures for a wide variety of private client needs. We specialise in estate and succession planning, business succession and asset protection structures.
Many of our clients are active business owner and we understand that they need to be supported through wealth creation structuring as well as ongoing wealth preservation strategies. Unlike other fiduciary businesses, we are active in administering business and trading structures for our clients.
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Monday to Friday 9.00am – 6.00pm
Suite 1702, Level 17, Boulevard Plaza Tower 1,
Sheikh Mohammed Bin Rashid Boulevard, Downtown,
PO Box: 27363, Dubai, United Arab Emirates
Connect with us via email:
T: +971 4 787 4567
M: +971 55 6129 475