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Kress Cooper is most trusted business setup advisory firm. Our company registration professionals have helped thousands of aspiring entrepreneurs and SMEs. Based in Dubai, we specialize in all types of company registrations, from offshore to onshore and Free Zones. We are a business setup company with a difference - our work doesn't end with the issuance of your trade license residency visa - it starts there!
Investing in employees through learning programmes show a company's commitment in creating a sustainable business culture. Kress Cooper's corporate services allow organizations to develop the competencies needed to meet specific challenges. We provide various types of trainings like VAT, IFRS, Transfer Pricing, MS office etc.
We, a team of expert people, provide various types of business support in all professional services.
Welcome to Kress Cooper, your trusted provider of comprehensive corporate services in the UAE. With our expertise and dedication, we offer a wide range of tailored solutions to support businesses in their growth and success.
At Kress Cooper, we understand the unique challenges faced by companies operating in the dynamic business landscape of the UAE. Whether you are a startup, a small and medium-sized enterprise, or a multinational corporation, our team of experienced professionals is here to assist you at every step of your corporate journey.
Our suite of corporate services encompasses various areas, including company formation and registration, legal and compliance, accounting and bookkeeping, tax advisory, and much more. We have a deep understanding of the local regulations and procedures, ensuring that your business remains fully compliant while optimizing efficiency and minimizing risks.
One of our key strengths is our commitment to delivering personalized solutions that align with your specific business objectives. We take the time to listen and understand your unique requirements, enabling us to provide tailored strategies and solutions that meet your needs and drive growth.
At Kress Cooper, we pride ourselves on our professionalism, integrity, and unwavering dedication to client satisfaction. Our team combines extensive industry knowledge with a client-centric approach, ensuring that you receive the highest level of service and support throughout your engagement with us.
Discover the difference that Kress Cooper can make for your business. Contact us today to explore our comprehensive corporate services and embark on a successful journey towards achieving your business goals in the UAE.
Corporate Tax Registration:
Corporate Tax Training
Corporate Impact Assessment
Corporate Tax Implementation
Corporate Tax Continuous Compliance>
At Kress Cooper, we understand that Value Added Tax (VAT) compliance can be a complex and time-consuming process for businesses. Our VAT services are designed to provide comprehensive support to businesses, helping them navigate the complexities of VAT regulations, minimize risk, and optimize their VAT-related processes.
1. VAT Registration: Our team of experts can assist you in registering for VAT with the relevant authorities. We can guide you through the registration process, ensuring that all necessary documentation is in order and that you are compliant with all relevant regulations.
2. VAT Health Check: Our VAT Health Check service is designed to help you assess your VAT-related processes, identify any areas for improvement, and minimize the risk of non-compliance. Our team will review your VAT records, systems, and processes, identifying any potential issues and providing recommendations for improvement.
3. VAT Return Submission: Our VAT Return Submission service ensures that your VAT returns are accurate, complete, and submitted on time. We can help you navigate the complexities of VAT return preparation, ensuring that you are compliant with all relevant regulations.
4. VAT Advice: Our VAT advisory services provide businesses with ongoing support and guidance on VAT-related matters. Our team of experts can help you navigate complex VAT regulations, provide guidance on VAT planning and optimization, and help you manage any VAT-related disputes or investigations.
5. VAT Refund: We at kress cooper are helping business to take the refund from the Tax Authority by reviewing their returns, submitting an application to the Tax Authority for refund; and following Tax Authority.
6. Support in Audit: Where Tax Authority is conducting audit of VAT, we are helping and supporting businesses for the smooth audit by preparing reply, providing clarification to the Authority, and helping business to have the house in order by maintaining records and adopting the proper tax position.
1. Tailored Solutions: We understand that every business is unique, and our VAT services are designed to cater to your specific needs. We provide customized solutions that are tailored to your business requirements.
2. Expertise: Our team of VAT experts has extensive knowledge and experience in VAT compliance and advisory services. We stay up-to-date with the latest VAT regulations, ensuring that our clients receive the most up-to-date advice and guidance.
3. Efficiency: We understand that time is of the essence, and our VAT services are designed to be efficient and effective. We work closely with our clients to ensure that all VAT-related processes are streamlined, minimizing the risk of errors and delays.
4. Value-Added Services: Our VAT services are designed to provide businesses with value-added solutions that go beyond compliance. We provide ongoing support and guidance, helping businesses optimize their VAT-related processes, reduce costs, and improve efficiency.
By engaging Kress Cooper for VAT services, you can benefit from our expertise and commitment to delivering accurate, reliable, and efficient VAT compliance and advisory solutions. Our services can help you minimize the risk of errors, improve compliance, optimize VAT-related processes, and enhance overall operational efficiency.
Contact us today at info@kresscooper.com to learn more about how our VAT services can add value to your organization.
At Kress Cooper, we understand that excise tax compliance can be a complex and challenging process for businesses. Our Excise Tax services are designed to provide comprehensive support to businesses, helping them navigate the complexities of excise tax regulations, minimize risk, and optimize their excise-related processes.
1. Excise Tax Registration: Our team of experts can assist you in registering for excise tax with the relevant authorities. We can guide you through the registration process, ensuring that all necessary documentation is in order and that you are compliant with all relevant regulations.
2. Excise Tax Health Check: Our Excise Tax Health Check service is designed to help you assess your excise-related processes, identify any areas for improvement, and minimize the risk of non-compliance. Our team will review your excise tax records, systems, and processes, identifying any potential issues and providing recommendations for improvement.
3. Excise Return Submission: Our Excise Return Submission service ensures that your excise tax returns are accurate, complete, and submitted on time. We can help you navigate the complexities of excise tax return preparation, ensuring that you are compliant with all relevant regulations.
4. Excise Advice: Our Excise advisory services provide businesses with ongoing support and guidance on excise tax-related matters. Our team of experts can help you navigate complex excise tax regulations, provide guidance on excise tax planning and optimization, and help you manage any excise tax-related disputes or investigations.
5. Excise Tax Refund: We can assist businesses in claiming excise tax refunds that they may be eligible for due to overpayment or other reasons.
6. Support in the Excise Audit: Our team can provide support and guidance in the event of an excise tax audit, helping businesses prepare for the audit and manage the process effectively.
1. Customized Solutions: We understand that every business is unique, and our Excise Tax services are designed to cater to your specific needs. We provide customized solutions that are tailored to your business requirements.
2. Expertise: Our team of Excise Tax experts has extensive knowledge and experience in excise tax compliance and advisory services. We stay up-to-date with the latest excise tax regulations, ensuring that our clients receive the most up-to-date advice and guidance.
3. Efficiency: We understand that time is of the essence, and our Excise Tax services are designed to be efficient and effective. We work closely with our clients to ensure that all excise tax-related processes are streamlined, minimizing the risk of errors and delays.
4. Value-Added Services: Our Excise Tax services are designed to provide businesses with value-added solutions that go beyond compliance. We provide ongoing support and guidance, helping businesses optimize their excise-related processes, reduce costs, and improve efficiency.
By engaging Kress Cooper for Excise Tax services, you can benefit from our expertise and commitment to delivering accurate, reliable, and efficient excise tax compliance and advisory solutions. Our services can help you minimize the risk of errors, improve compliance, optimize excise-related processes, and enhance overall operational efficiency.
Contact us today at info@kresscooper.com
At Kress Cooper, we understand the importance of compliance with Economic Substance Regulations (ESR) for businesses operating in jurisdictions that have implemented these regulations. Our ESR services are designed to assist businesses in assessing their economic substance, ensuring compliance, and fulfilling reporting requirements.
1. ESR Assessment: Our team of experts conducts detailed assessments to determine the extent to which your business activities fall within the scope of ESR requirements. We analyze your operational structure, functions, and income streams to evaluate economic substance compliance.
2. ESR Notification: We assist businesses in preparing and submitting the required ESR notifications to the relevant authorities. Our experts guide you through the notification process, ensuring that all necessary information is provided accurately and on time.
3. ESR Compliance: We help businesses develop and implement strategies to ensure compliance with ESR regulations. Our team provides guidance on adjusting operational structures, processes, and policies to meet the economic substance requirements specific to your industry and jurisdiction.
4. ESR Reporting: Our professionals assist in the preparation and submission of ESR reports to the regulatory authorities. We compile the necessary information, ensuring that the reports are accurate, complete, and compliant with the reporting guidelines.
1. Expertise: Our team of professionals has extensive knowledge and experience in ESR regulations and compliance. We stay up-to-date with the latest developments and guidelines, ensuring that our clients receive accurate and reliable advice.
2. Customized Solutions: We understand that every business is unique, and our ESR services are tailored to meet your specific requirements. We provide personalized solutions that align with your industry, operations, and jurisdiction.
3. Compliance Assurance: Our services are designed to help businesses navigate the complexities of ESR regulations and achieve compliance. We work closely with our clients to ensure that their economic substance aligns with the regulatory requirements, minimizing the risk of penalties and non-compliance.
4. Reporting Accuracy: We prioritize accuracy and attention to detail in the preparation of ESR reports. Our professionals meticulously gather and verify the necessary information, ensuring that the reports reflect your business activities in accordance with the regulatory guidelines.
By engaging Kress Cooper for ESR services, you can benefit from our expertise and commitment to delivering comprehensive and reliable solutions. Our services help businesses assess their economic substance, fulfill notification requirements, achieve compliance, and meet reporting obligations.
Contact us today at info@kresscooper.com to learn more about how our ESR services can support your business in navigating and complying with Economic Substance Regulations.
Money laundering and terror financing have become global issues and to control these issues, Financial Action Task Force (hereinafter referred as “FATF”) was established in 1989 by G7 countries in Paris.
FATF published 40 Recommendations on anti-money laundering in 2004, and after 9/11, they published nine more recommendations that deals with terror financing. Recommendation No. 20 is about the “Reporting of Suspicious Transactions”, and it states:
If the financial institution suspects or has reasonable grounds to suspect that funds are the proceeds of criminal activity, or related to terror financing, it should be required by the Law, to report properly its suspicions to Financial Intelligence Unit (FIU) To implement the abovementioned Recommendation No. 20, the United Nations’ Office on Drugs and Crime (hereinafter referred as “UNODC”) developed goAML software that is an integrated and modular online software solution specifically designed for use by the national Financial Intelligence Units (hereinafter referred as “FIUs”).
All members countries of United Nations are required to implement this “goAML” software. UAE being a member country of United Nations, launched goAML software on June 23, 2019. UAE is the first country in GCC to go live with the goAML platform.
UAE introduced Federal Decree-law No. (20) of 2018 (hereinafter referred as “the Law”, or “AML-CFT Law”) and related Cabinet Decision No. (10) of 2019 (hereinafter referred as “the related Regulations”, or “AML-CFT Decision”) to control money laundering and combat financing of terrorism.
The Law and related Regulations are applicable on the financial institutions (banks, insurance companies etc.) and following Designated Nonfinancial Businesses and Professions (hereinafter referred as “DNFBP”) which includes real estate brokers as well.
goAML compliance in the UAE refers to the adherence of financial institutions and designated non-financial businesses and professions (DNFBPs) to the requirements set forth by the United Nations Office on Drugs and Crime (UNODC) for the implementation and use of goAML, an anti-money laundering (AML) system developed by the UNODC.
The UAE has made significant efforts to combat money laundering and terrorist financing activities by implementing various AML regulations and guidelines. As part of these efforts, the UAE Central Bank and other regulatory authorities have mandated financial institutions and DNFBPs to implement robust AML measures, including the use of sophisticated AML systems like goAML.
The goAML system enables the electronic reporting of suspicious transactions and other relevant information to the financial intelligence unit (FIU) of the UAE, which is the Financial Intelligence Unit of the UAE Central Bank. It assists in the detection, investigation, and prevention of money laundering and terrorist financing activities by facilitating the exchange of information between reporting entities and the FIU.
1. Implement goAML System: Entities must deploy the goAML system within their operations, ensuring its proper integration with their existing infrastructure and systems.
Reporting Obligations: Entities must report suspicious transactions, as well as other required information, to the FIU using the goAML system. This includes transactions or activities that may be indicative of money laundering, terrorism financing, or other criminal activities.
3. Training and Awareness: Entities are expected to provide training and awareness programs for their employees, ensuring that they understand their AML obligations, recognize suspicious activities, and know how to use the goAML system effectively.
Record Keeping: Entities must maintain appropriate records of their goAML reporting and related AML activities, ensuring that they are readily accessible for audit or investigative purposes.
5. Compliance with AML Regulations: In addition to goAML-specific requirements, entities must comply with the broader AML regulations and guidelines set by the UAE regulatory authorities.
It's essential for entities operating in the UAE to keep track of any updates or amendments to AML regulations and guidelines to ensure ongoing goAML compliance. Consulting with legal professionals or engaging with the relevant regulatory authorities can provide the most accurate and up-to-date information.
1. Expertise: Our team comprises AML specialists with extensive knowledge and experience in goAML and AML compliance. We stay updated with the latest regulatory developments, ensuring that our clients receive accurate and reliable advice.
2. Tailored Solutions: We understand that every business is unique, and our goAML services are tailored to meet your specific requirements. We provide customized solutions that align with your industry, operations, and jurisdiction.
3. Compliance Assurance: Our services are designed to help businesses achieve and maintain AML compliance. We work closely with our clients to implement effective AML measures, ensuring that they meet regulatory requirements and guidelines.
4. Reporting Accuracy: We prioritize accuracy and attention to detail when reporting through goAML. Our professionals meticulously gather and verify the necessary information, ensuring that your reports are complete, accurate, and submitted in a timely manner.
By engaging Kress Cooper for goAML services, you can benefit from our expertise and commitment to delivering comprehensive and reliable AML solutions. Our services help businesses navigate the goAML platform, develop robust AML policies and procedures, ensure compliance, and contribute to the global efforts against money laundering and terrorism financing.
Contact us today at info@kresscooper.com to learn more about how our goAML services can support your business in meeting its AML obligations.
At Kress Cooper, we are committed to helping businesses navigate the complex landscape of regulatory compliance. As part of our comprehensive compliance services, we specialize in assisting organizations with their obligations related to Ultimate Beneficial Owner (UBO) laws. In this article, we will provide an overview of UBO legislation, its importance, and the compliance measures necessary to ensure adherence to these regulations.
UBO refers to the natural person(s) who ultimately owns or controls a legal entity, such as a company or trust. UBO laws aim to increase transparency and combat money laundering, tax evasion, and other illicit activities by requiring entities to disclose information about their beneficial owners.
Compliance with UBO regulations is vital for several reasons:
1. Enhanced Transparency: UBO laws promote transparency by identifying the individuals who have significant control over a legal entity, reducing the potential for anonymous ownership and illicit financial activities.
2. Combatting Money Laundering and Illicit Activities: By disclosing UBO information, authorities can better trace and investigate money laundering, terrorism financing, corruption, and other financial crimes.
3. Meeting Regulatory Requirements: Many jurisdictions have implemented UBO laws as part of their AML and counter-terrorism financing frameworks. Compliance is necessary to meet legal obligations and avoid penalties or reputational damage.
To ensure UBO compliance, organizations should consider the following measures:
1. Identification and Verification: Conduct thorough due diligence to identify and verify the UBO(s) of your organization. This involves collecting accurate and up-to-date information, such as full names, dates of birth, residential addresses, and citizenship.
2. Record-Keeping: Maintain comprehensive records of UBO information, including supporting documentation, such as shareholding structures, partnership agreements, or trust deeds. Regularly update these records to reflect any changes in UBO ownership or control.
3. Risk Assessment: Undertake a risk-based approach to assess the potential risks associated with your UBOs. This includes evaluating their reputational, financial, and legal backgrounds to identify any red flags or high-risk factors.
4. Compliance Policies and Procedures: Develop robust internal policies and procedures that outline the steps to identify, verify, and monitor UBOs. Ensure that your staff receives adequate training to understand their responsibilities and obligations under UBO legislation.
5. Reporting Obligations: Comply with the reporting requirements of the relevant regulatory authorities. This may involve submitting UBO information through designated platforms or systems within specified deadlines.
6. Ongoing Monitoring: Implement mechanisms to continuously monitor changes in UBO ownership or control. Regularly review and update UBO information to maintain accurate records and promptly report any changes to the authorities.
Understanding and complying with UBO laws is crucial for organizations to maintain transparency, prevent financial crimes, and meet regulatory requirements. At Kress Cooper, we have the expertise and experience to assist your organization in achieving UBO compliance. Contact us today at info@kresscooper.com, to learn more about our comprehensive compliance services and how we can help you navigate the complexities of UBO regulations.
