Business Registrations & Compliances
Operating globally, Abrahim & Co‘s Corporate Legal & Business Compliances services span across the UK, UAE, and Pakistan, offering tailored solutions to meet jurisdiction-specific regulations. Rely on our expertise for seamless navigation of legal landscapes, ensuring compliance and mitigating risks in diverse business environments.
Business Compliances Services
Abrahim and Co's
Business compliance services play a crucial role in navigating the intricate regulatory landscapes of the United Kingdom (UK), the United Arab Emirates (UAE), and Pakistan.
We specializing in compliance services in these diverse jurisdictions offer support to businesses by ensuring adherence to local laws and regulations.
Given the unique regulatory frameworks of each country, expert guidance in compliance services becomes essential for businesses seeking to thrive in the complex business environments of the UK, UAE, and Pakistan.
United Kingdom (UK)
Business/Company Registration:
- Register your business with Companies House / HMRC, providing details about company directors, shareholders, and the company’s registered office.
Tax Registration:
- Register for taxes, including Corporation Tax for companies, Value Added Tax (VAT) if applicable, and Pay As You Earn (PAYE) for employees.
Annual Accounts and Reports:
- Prepare and file annual financial statements and reports with Companies House. The level of detail required depends on the size and type of your company.
Tax & VAT Returns:
- Submit annual Corporation Tax returns & Self Assessmnt to HM Revenue & Customs (HMRC) within the specified deadlines.
- File regular VAT returns if your business is registered for VAT, and ensure timely payment of any VAT liabilities.
PAYE,Pension and National Insurance:
- Operate a payroll system for employees, deducting Income Tax and National Insurance contributions, and report to HMRC through the Real Time Information (RTI) system.
- Enroll eligible employees into a workplace pension scheme and comply with auto-enrolment obligations.
Anti-Money Laundering (AML) Compliance:
- Implement measures to comply with anti-money laundering regulations if your business falls within the regulated sectors.
United Arab Emirates (UAE)
Company Registration:
- Register your business with the relevant authorities in the emirate where you operate (e.g., the Department of Economic Development).
VAT & Corporation Tax Registration:
- Register for VAT & Coprporate Tax if your business meets the threshold for mandatory registration. Ensure compliance with VAT & CT regulations, including filing regular VAT & CT returns.
Economic Substance Regulations (ESR):
- Comply with the Economic Substance Regulations, which require certain businesses to demonstrate that they have substantial activities and management in the UAE. Report on activities, financial information, and employees as per ESR requirements.
Anti-Money Laundering (AML):
- Implement anti-money laundering measures in accordance with UAE laws. This includes conducting customer due diligence (CDD) and reporting suspicious transactions to the relevant authorities.
Ultimate Beneficial Ownership (UBO):
- Disclose and maintain accurate records of the ultimate beneficial owners of the company, as required by the UAE regulatory authorities. This information is typically submitted to relevant regulatory bodies.
Pakistan
Company Registration:
- Register your business with the Securities and Exchange Commission of Pakistan (SECP) and obtain a Certificate of Incorporation.
Tax & GST Registration:
- Register for taxes, including Income Tax, Sales Tax, and Federal Excise Duty with the Federal Board of Revenue (FBR).
Annual Tax Returns:
- Submit annual tax returns, including Income Tax and Sales Tax returns, within the prescribed deadlines.
Withholding Taxes:
- Deduct and deposit withholding taxes on certain transactions as required by tax laws.
Employee Provident Fund (EPF) and Social Security:
- Comply with employee benefit regulations, including contributions to the Employee Provident Fund (EPF) and Social Security.
Internatioal Business Compliances Services
Abrahim and Co's
International business compliance services are indispensable for companies operating across borders. These services encompass a range of legal and regulatory areas, ensuring that businesses adhere to diverse and often complex international laws.
From tax compliance to trade regulations and anti-money laundering protocols, these services provide crucial support, helping organizations navigate the intricate global business environment while mitigating legal risks and ensuring ethical operations on an international scale.
International Business Compliance:
- Navigating compliance in various jurisdictions for global operations.
- Ensuring adherence to international trade laws.
Financial Regulatory Compliance:
- Adhering to financial regulations and reporting requirements.
- Navigating compliance in the financial services sector.
Customs and Trade Compliance:
- Advising on customs duties and import/export regulations.
- Ensuring compliance with international trade laws.
Anti-Money Laundering (AML) Compliance:
- Implementing AML policies and procedures.
- Conducting due diligence on clients and transactions.
Regulatory Compliance Audits:
- Establishing and maintaining effective board structures.
- Advising on compliance with company law and governance codes.
Legal Consultation:
- Strategic legal advice for business decisions.
- Guidance on compliance with laws and regulations.
Contract Drafting and Review:
- Strategic legal advice for business decisions.
- Guidance on compliance with laws and regulations.
Corporate Governance:
- Establishing and maintaining corporate structures.
- Advising on board governance and shareholder relations.
Regulatory Compliance:
- Conducting compliance assessments.
- Developing and implementing compliance programs.
Business Registration Services
Abrahim and Co can assist:
In registering businesses in the UK, UAE, and Pakistan by providing comprehensive services tailored to the specific requirements of each jurisdiction.
Act as a trusted partner, guiding clients through the complexities of business registration,
Ensuring compliance with local regulations, and providing ongoing support to facilitate the smooth operation of businesses in these diverse jurisdictions.
United Kingdom (UK)
Choose a Business Structure:
Decide on the most suitable legal structure for your business, such as a sole trader, partnership, limited liability partnership (LLP), or limited company.
Business Name Registration:
- Choose a unique and appropriate name for your business.
- Check the availability of the chosen name and register it with Companies House.
Register with HM Revenue & Customs (HMRC):
- All businesses need to register with HMRC for tax purposes.
- This includes obtaining a Unique Taxpayer Reference (UTR) number.
Register for VAT (if applicable):
If your business turnover exceeds the VAT threshold, you must register for Value Added Tax (VAT) with HMRC.
Register as an Employer (if applicable):
If you plan to hire employees, register with HMRC as an employer and set up a Pay As You Earn (PAYE) system for payroll.
United Arab Emirates (UAE)
Choose Business Activity and Structure:
Determine the type of business activity and select an appropriate legal structure (e.g., mainland, free zone, or offshore) based on your business goals.
Trade Name Reservation:
Select a unique trade name for your business and reserve it with the relevant authorities.
Apply for Initial Approval:
Submit required documents to the Department of Economic Development (DED) for initial approval of your business activities.
Obtain Trade License:
Apply for a trade license from the relevant authority (DED for mainland or the respective free zone authority) after obtaining initial approval.
Bank Account and Visa Processing:
Open a corporate bank account and, if needed, proceed with visa processing for employees through the Ministry of Human Resources and Emiratisation (MOHRE).
Pakistan
Choose a Business Structure:
Determine the appropriate business structure, such as a sole proprietorship, partnership, or private limited company.
Name Availability Check and Registration:
Check the availability of the chosen business name and register it with the Securities and Exchange Commission of Pakistan (SECP).
Obtain National Tax Number (NTN):
Register for a National Tax Number (NTN) with the Federal Board of Revenue (FBR) for tax purposes.
Sales Tax Registration (if applicable):
If your business turnover exceeds the threshold, register for Sales Tax and obtain a Sales Tax Registration Number (STRN) from the FBR.
Chamber of Commerce Membership:
Join the local Chamber of Commerce for networking opportunities and to access business resources.
FAQs
What is the importance of compliance for businesses in the UK, UAE, and Pakistan?
Compliance is crucial for businesses as it ensures adherence to local laws and regulations, mitigates legal risks, and fosters a trustworthy and sustainable business environment.
How can your business ensure GDPR compliance when operating in the UK?
We provide comprehensive GDPR compliance services, including data audits, policy development, and employee training to ensure your business aligns with data protection regulations in the UK.
What steps are taken to comply with Islamic finance principles when conducting business in the UAE?
Our services include advising on Shariah-compliant financial structures, ensuring your business operations align with Islamic finance principles in accordance with UAE regulations.
How can businesses navigate the complex tax landscape in Pakistan?
Our tax compliance services cover everything from advising on local tax regulations to ensuring accurate filing, helping businesses in Pakistan optimize their tax positions while staying compliant.
What measures are in place to address employment law compliance in the UK?
We offer services ranging from drafting employment contracts to advising on termination procedures, ensuring that your business operations in the UK align with employment laws
How do you assist businesses in the UAE with free zone compliance?
Our services include navigating and ensuring compliance with regulations specific to UAE free zones, facilitating business establishment and operations within designated zones.
What role does corporate governance play in ensuring compliance in Pakistan?
We provide guidance on establishing effective corporate governance structures, helping businesses in Pakistan comply with company law and governance codes.
How can businesses in the UAE comply with VAT regulations?
Our experts assist with VAT registration, compliance, and provide advice on the implications of Value Added Tax on transactions, ensuring businesses in the UAE meet regulatory requirements
What steps are taken to address environmental compliance in the UK?
Our services include advising on adherence to environmental regulations, conducting impact assessments, and implementing measures to ensure businesses in the UK comply with environmental standards.
How do you ensure that businesses operating globally remain compliant in diverse jurisdictions?
We provide international business compliance services, offering tailored solutions to navigate diverse regulatory environments, ensuring businesses operate within legal frameworks worldwide.
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