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The Home of Corporate Services.

Hensley&Cook is specialised in the set-up of companies in the Seychelles, the Philippines, Singapore and the United Arab Emirates (UAE), but can facilitate the incorporation of companies outside these locations through a well-established network of partner companies.

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.

Solutions.

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.

Products.

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.

Hensley&Cook is a registered sponsor at SECDEX, a stock exchange registered with the Seychelles Financial Services Authorities.

SECDEX is not only a security exchange, it also operates a digital custodian regulated under the sandbox of the Seychelles FSA to custody digital assets. This allows Hensley&Cook among services to list companies at the stock exchange for an initial public offering (IPO) or to list tokens for an initial token offering (ITO).

Hensley&Cook sets-up structures, that can issue tokens or can issue tokens against securities or assets put into custody. This process includes NFTs for art works, music or games to mention a few.

Hensley&Cook in cooperation with CRESCOtec, the IT specialists of the CRESCO Group, and CRESCO Legal, the law firm of the group, covers the whole process from legal structure to programming of tokens, the offering prospectus and the deployment of the tokens.

Yacht Registration
in the Seychelles.

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.

We're the
#1 YACHT
REGISTRAR

in the
Seychelles!
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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.

News.

Doing business in Dubai for private businesses couldn’t be more simple in line with this new development. The government streamlines the procedures and will be shortened by 30% in the next three months in an effort to reduce the cost of setting up a business and encourage investments from the private sector.

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, issued this directive at an Executive Council meeting attended by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of the Executive Council, along with senior officials.

“We have made significant progress in strengthening Dubai’s economic recovery,” Shaikh Hamdan said. “Normal life has resumed and the increased stability of businesses will help raise the sustainability of Dubai’s economy. We are determined to further support businesses and deepen the confidence of investors as part of ensuring a win-win partnership.”

This directive complements the “Invest in Dubai” platform launched last February enabling investors to secure their trade licenses and establish their business in few minutes. The portal also provides commercial licensing services in which permits and approvals can be availed without the need to visit any service centre.

Dubai is an attractive hub for investors to locate their business interests. Its focus is on economic diversification in trade, logistics, banking, tourism, real estate and manufacturing that provides opportunities in various industries. Simplifying the rules and revisiting the previous procedures in difficult times per se is pressing to Dubai’s economic sustainability.

Hensley&Cook advises clients when considering to invest in a foreign country, they need to consider a range of commercial issues that influence the decision of setting up in a country. We work hand in hand with them to address their requirements and provide the right solution to navigate the changing business landscape. Partner with us.

The UAE government announced an amendment to the Commercial Companies Law fronting the country’s competitive edge in ease of doing business. 

The Minister of Economy eyeing that this new development will foster an attractive opportunity for foreign investors, entrepreneurs, and talents.

Starting June 1, foreign investors and businessmen will be allowed to establish and fully own onshore companies without sponsor requirements from UAE National.

Further details of the list of commercial activities that will benefit from this development will roll out soon. Stay tuned for our next update and learn how you can advance from this opportunity.

With local knowledge and more than 10 years in the industry, we can help you navigate changing business landscape. Whether you want to set up in UAE onshore or Free Zone or just want to streamline your UAE operations, partner with us.

As the country seek to rebuild and open its tourism industry, countries included in the safe travels list of UAE are Seychelles, Bahrain, and Serbia. Whilst the Greece route will start tomorrow, May 18. 

These have been set up for fully vaccinated individuals in addition to mutual recognition of vaccination certificates issued by health authorities in these countries.

This change is part of positive cooperation towards the recovery from the global pandemic. 

As reported earlier, the quarantine-free travel corridor to Seychelles doesn’t require quarantine requirements upon arrival, while abiding by other precautionary measures adopted at each destination.

However, as the new regulations, citizens and residents wishing to benefit from the quarantine-free travel corridor in both countries will be required to show documentation that they have received the last dose of a COVID-19 vaccine.

Seychelles International Financial Services Association (SIFSA) took part in its kicked-off meeting, of which Hensley&Cook is an active member of the association. 

The government of Seychelles is putting greater attention to its financial sector as a vital pillar of the economy. Various financial departments met on the 27th April 2021 to discuss the creation of a new committee. Headed by Naadir Hassan, the country’s Minister for Finance Economic Planning and Trade, addressing the members, “By reforming the sector which is dynamic and keeps moving, we need to adapt in order to stay relevant to new circumstances,” said Hassan.

These reforms will enable Seychelles financial sector to survive, thrive, and contribute to the wealth of the country. The initial call to reform the sector was made following his February 2021 budget speech in the National Assembly. 

The new committee will consist of 10 members which include representatives from this organisation, noting that SIFSA represents 2 members:

Ministry of Finance
Financial Services Authority (FSA)
Seychelles Revenue Commission (SRC)
Central Bank Seychelles (CBS)
Seychelles International Financial Services Association (SIFSA)
Seychelles Bankers Association
Seychelles Chamber of Commerce and Industry (SCCI)
Securities Exchange and Insurers Association of Seychelles

Ending the meeting, Naadir Hassan emphasised the work on strict compliance that mirrors the country’s reputation and should be given more importance. With the creation of the new committee, he is confident that the financial services sector of the country will foster economic growth.

In a recent press conference, Seychelles President has declared the new FSA CEO. Mr. Damien Thesee, presently Principal Secretary for Finance Department. 

Pres. Ramkalawan is inclined to select the new FSA head as the seat is vacant for quite some time now, following the passing of Dr. Steve Fanny, a pioneer, and expert in the field of finance that made remarkable contributions to the authority.

The official appointment date has yet to release.

The restrictions, which came into effect from 11:59 pm on Saturday, April 24 will be reviewed after 10 days.
The decision has been announced by the National Emergency Crisis and Disaster Management Authority (NCEMA) in coordination with the General Civil Aviation Authority (GCAA).

For more details and assistance, you may reach our consultants  at +971 4 406 9700.
For the developing story, visit https://www.arnnewscentre.ae/en/news/uae/uae-suspends-flights-from-india/.

COVID19
Service Update:

Travel & Visa Information

We provide timely information and assistance to stranded UAE citizens, residents and expats inside the country and abroad amidst COVID19 pandemic.

Contact us.

Contact us today and learn more about or offerings:

Tel. +971 4 406 9700  or info@hensleycook.com or
use our chat.

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Solutions are always tailor made to the specific requirements of the client. Hensley&Cook coaches the client to find the best fitting solution taking into account the specific framework provided by the client.
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BREAKING NEWS: 100% Foreign Ownership of Companies will be implemented in UAE on June 1.

Starting June 1, foreign investors and businessmen will be allowed to establish and fully own onshore companies without sponsor requirements from UAE National.

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