Hensley&Cook is a business advisory service and corporate service provider with offices in the Seychelles, Singapore, Cebu (Philippines), and Dubai (United Arab Emirates). We help clients to examining the legal framework, implication on tax, availability of finance, market potential and the risks factors involved to start up a business or do their estate planning. In our solutions we follow high ethical and moral values with strict compliance to tax and other legal requirements.
Hensley&Cook offers a highly professional company formation and administration service based on best practice and streamlined processes. Our multicultural and multi-lingual team of experts makes sure, that the incorporation processes run smoothly and within the promised timeframe, but still follows stringent and comprehensive compliance checks and processes.
We have, among others, expertise in the formation and administration of trading companies, holding companies, private or family investment companies, international investment funds, foundations and trust. Our clients own real estate, ships or aircrafts with such companies, do active trading, use structures to build holding structures for international business conglomerates or administrate intellectual property rights and royalties through such companies.
We at Hensley&Cook know, that each customer is unique and has specific requirements. There is not one solution that fits all, that’s why we offer tailor made solutions for each client. Carefully adapted to the needs, cost effective and with the target in mind.
Nevertheless it may be interesting to learn more about some of the solutions Hensley&Cook has put in place for some clients, but these examples do not show a comprehensive list of solutions and our specialists are always happy to look into your specific requirements.
Hensley&Cook is a licensed Trustee in the Seychelles (ITSP), licensed to register private foundations (FSP) and international business companies (IBC) corporate service provider in the Seychelles. In the UAE we are a registered agent for IBCs and incorporate companies in all the Free Zones and with the different departments of economic development, the local registrars.
In addition Hensley&Cook offers the formation of companies in numerous jurisdictions, relying on a well established network of partner firms in the respective countries. Please note, that Hensley&Cook offers the incorporation of companies as part of a problem solving solution and is not in the business of factory like mass incorporation of firms.
As a common saying goes, there are only two fun days in the life of a yacht-owner – the day he buys it and the day he sells it. However that is not true if you’re registered in the Seychelles! This beautiful country of everlasting summer and home of one of the most plentiful fishing grounds in the world just calls for a boat trip to come and explore the 115 islands for treasures they offer.
Can you imagine, that the ownership of a boat can be 100% foreign? The process of registration is streamlined and the port offers modern facilities for all size of yachts and vessels.
Should you prefer to own a yachting business and lead your customers on the journey of exploration and big game fishing, then for you there is exemption from social security contributions for non-Seychellois personnel and no capital gains on sale of the vessel.
Hensley&Cook is now the NUMBER 1 YACHT REGISTRAR in the Seychelles! Please contact us if you like to learn more about the advantages of a yacht registration in the Seychelles.
Hensley&Cook provides comprehensive HR solutions for small and mid-sized businesses. HR, benefits, tax administration, and regulatory compliance assistance are some of the many services we provide.
By taking care of paperwork and providing regulatory compliance assistance, Hensley&Cook helps businesses to improve productivity, increase profitability, and to focus on their core mission.
Bankruptcy Law in UAE Amendments is Now Approved to Cover Pandemic Situations.
Under the chairmanship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved amendments to the provisions of the Federal Law by Decree No. (9) of 2016 on Bankruptcy as part of the government’s continuous efforts to develop the legal and legislative frameworks in the various sectors, particularly the economic sector, which is a fundamental pillar within the UAE strategy for the next fifty years.
This is good amendments as it will give facility to repay the debts in installments (however it has to be cleared in 12 months). The significant point is that, the money necessary for running the business (day to activities), shall not be touched to enable the debtor to run the business during liquidation proceedings.
Speak to us, for more information.
Professionals working abroad can now apply for a one-year remote working visa to live in Dubai while keeping their employment overseas. With a cost of US$287 or Dhs1,054 you can get the new visa plus UAE medical insurance coverage and processing fee per person.
The new announcement came from Dubai Tourism which attracts people who are working virtually from home. Entrepreneurs and business owners with an active company existing in a year or more are also welcome to apply, providing an average monthly income of US$5,000 per month and up to date three months’ bank statements.
Speak to us, for more details and assistance in availing the new visa.
The Federal Authority for Identity and Citizenship released an announcement stating the deadline for visa and card renewal on October 11.
UAE residents whose visas expired between March 1 and July 11 must renew them by Sunday to avoid paying a fine.
Failure to comply will incur a daily penalty of AED 25. An additional fine of AED 250 will be imposed when leaving the country.
There is also a daily AED 20 fine for not renewing an Emirates ID – this can go up to AED 1,000. In addition, residents must undergo a medical test to renew their status.
For more information, visit https://bit.ly/3nl852f
United Arab Emirates Ministry Of Justice has issued a circular that demonstrates the amends made to the UAE Citizenship Act.
The new amends allow for investors, entrepreneurs, professionals and talents of any nationality to be granted an official UAE citizenship, in compliance with a list of conditions.
Dubai’s authorities have made it easier for interested individuals to commence their applications for the five year Dubai retirement visa. Medical insurance plan can be purchased later on during or after your medical test result. For more info, visit https://www.visitdubai.com/en/
There will be three categories which travel destinations have been classified:
Under medium risk categories, traveller’s or limited specific group will be allowed to travel, in cases such as emergency situations, with medical reasons or visiting family of first degree, or for military, diplomatic and official missions.
The following travel protocols must be observed by citizens and resident who wish to travel:
Hensley&Cook can guide you on the updated travel protocols and can assist you further for a smooth and pleasant journey. Contact us to get started.
Fujairah’s ruler and Supreme Council Member HH Sheikh Hamad bin Mohammed Al Sharqi, issued Resolution No. 04 of 2020 lifting local licensing fees and taxes for the current year. As per the resolution, some activities shall be exempted from the annual fees, starting from January 1 to December 31, 2020.
For more details regarding the included selected activities, visit https://bit.ly/2zaG3Sx
Hensley&Cook is proud to announce a new strategic partnership with the International Free Trade Zone, Fujairah, UAE. We would like to inform all of our clients and partners about our newly forged partnership.
IFZA prides itself on working predominantly with Professional Partners, Corporate Advisors, Law Firms and Agents alike, making IFZA the only B2B focused Free Zone in the United Arab Emirates. Offering an assortment of scalable business set-up solutions, IFZA caters to over 1000 Trade, Service and Consultancy activities to reflect to client’s objectives.
As an authorized partner, this means that we have access to more than 1,000 business activities to offer to clients. Doing business for potential clients who wished to set up at IFZA becomes much easier, flexible and convenient with Hensley&Cook
Inline with the precautionary measures taken by the government in various sectors against repercussions of the new coronavirus (COVID-19), the UAE Cabinet has adopted a package of new decisions in order to facilitate the current circumstances of UAE citizens, residents and visitors to preserve their health and safety, and to support the performing and continuity of government work.
One of the decisions is important for holders of UAE residence visas: The cabinet has agreed to extend residence visas expiring on March 1, 2020, or within the time frame specified by this decision, for a period of three months. There will be no additional fees charged upon renewal. The measure shall simplify the procedures for residents in the country and furthermore exempt them from any fines incurred in the current conditions.
In addition, it has been agreed to halt the administrative fines for all violations resulting from services provided by the Federal Authority for Identity & Citizenship for a period of three months, starting from April 1, 2020, and subject for extension. This covers, for example, fines related to the Emirates IDs.
Please contact H&C in case you need further clarifications.
It has been announced by the UAE government that the holders of an UAE Investor or Partner Visa
can now stay outside the country for an additional 6 months. This extension is granted due to the uncertainty caused by the COVID-19 pandemic.
The UAE government is now allowing the holders of an investor or a partner visa to stay outside the country for a maximum of 1-year from the last exit date from the UAE (subject to expiry of the visa). Residents, that are currently outside the UAE and like to travel back, are advised to contact the UAE diplomatic missions in their respective host countries for all necessary support to facilitate their return.
Please note, that this ruling does NOT apply to “normal” employment visas.
Don’t hesitate to contact Hensley&Cook if you are directly affected from this new decision.
Hensley&Cook in cooperation with the other companies of the CRESCO Group and in line with the processes as defined in ISO 22301 has taken measures to stay operational during the COVID-19 pandemic. Our IT infrastructure and our processes support remote working and the cooperation between distributed teams. We are confident, that we can continue serving you with our high level of quality and short response time as you are used to. We are here for you.
Sheikh Mohammad bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE issued Law No. (3) of 2020 on the Dubai Multi Commodities Centre (DMCC) stating the responsibility of DMCC authorities in supervising the law and regulations to entities under DMCC.
The new law stipulates that any company registered to operate within DMCC is prohibited to practice any activity beyond what is only stated on their registration permit, additional to this are activities that against public order and norms.
The regulations also apply to custom duty and tax exemptions relevant to trade commodities, re-export and storage within DMCC and any private establishments, commercial and joint venture companies. Furthermore, companies under DMCC must define themselves as free zone companies to all communications documents including advertisements, invoices, contracts, etc.
After a year of active promotion and successful deliveries in cooperation with local partners, Hensley&Cook has now established its own presence in the Philippines. From our office in Cebu, we are going to serve the growing number of clients, that decide to establish a company in the Philippines, attracted by the high number of qualified people with high work ethos, or that like to retire in a country, that offers excellent living conditions at very attractive price.
We are constantly innovating; finding ways to improve our existing solutions and continuously providing new solutions to meet our customers’ evolving needs and to ensure Hensley&Cook remains at the forefront of the corporate services industry.
Companies in different countries are returning back to their offices and staff have begun to return to the workplace, after months of working from home. Since the outbreak, CRESCO Holding’s clients have been able to avail the services of the team at any time with the help of in-house technology platforms, communication with us has never been easier.
In line with the latest development on easing movement restrictions, CRESCO Holding Group would like to inform everyone that we are fully operational may it be remotely from the “home office” or from our offices based in Dubai, Philippines and Seychelles.
With the standard precautionary measures in place, our team will be adhering to strict protocols of social distancing, mandatory use of face masks (gloves optional) in and out of the office, some the offices still require a limit to staff numbers. Going back to a new normal has been positively embraced by the entire team.
Still, we would like to reassure and encourage everyone to call us first before visiting or meeting us in the office.
Our video conference is available as an ideal solution for our clients abroad who are still facing difficulties with their airport and travel restrictions.
We are here and more than glad to support you for any travel advise to or from Dubai, Philippines and Seychelles. You may contact us to assist or re-evaluate the possibilities of your travel and visa status from select countries that may have already started with the ease of travel in the current situation.