MBG Corporate Services- Korea

Approval under 100% Foreign Ownership – Process

Stage 1 - Assessment

Assessment of the documents for 100% Foreign Ownership eligibility.

Stage 2 – Documentation and Initial Approval

Initial documentation drafting and initial approval from DED

Stage 3 - Execution Process

• Share Transfer Agreement and amendment to the constitutional documents such as MOA
• Obtaining special approvals
• Notarization of documents

Stage 4 – Issuance of New License

Issuance of new License with by the Authority.

Business Setup

• UAE Company Formation Services
• Company Formation in the UAE Mainland
• Company Formation in UAE Free Zones
• Offshore Company Formation in the UAE
• Advice on Entity Structures
• Comparative Studies
• Assistance in opening Bank Accounts
• Driving Sustainable Growth with Strategic Corporate Sponsorship Decisions
• Assuring the Easy Liquidation of Assets During the Voluntary Wind Up of Your Company
• Ensuring Hassle-free Corporate PRO Services in Dubai

Legal Advisory

• Legal Advisory Services
• Legal Due Diligence
• Ultimate Beneficial Owner (“UBO”) Advisory
• Economic Substance Advisory
• Legal Compliance
• Contracts Management
• Legal Structuring
• Government Licensing
• HR & Payroll Advisory Services
• Corporate Secretarial Services
• Counsel Assistance
• Intellectual Property/Patent and Trademark
• Case Management
• Cross-Border Advisory
• Entity Management
• Corporate Governance
• Investment Advisory
• Employment Laws and Regulations
• Litigation and Dispute Resolution
• Legal Policies and Procedures
• Real Estate

Mergers & Acquisitions

• Financial, Tax, Technology & Legal Due Diligence
• Business Restructuring
• Transaction Valuation
• JV/Share Purchase & Subscription Agreement
• Private Equity, Debt & Equity Syndication
• IPO & Capital Markets
• Deal Sourcing/Partner Search
• Post-Merger Integration

Risk Advisory

• Hospitality Sector: Municipality & Tourism Fees Compliance Review Framework
• Internal Audit
• Standard Operating Procedure (SOP)
• Forensic Audit- Cyber Forensics
• Forensic Audit- Forensic Investigation
• Forensic Audit- Fraud Risk Assessment
• Internal Control Over Financial Reporting (ICFR)
• Consolidation and Reporting
• Enterprise Risk Management
• Anti-Money Laundering
• Anti-Bribery Compliance
• Business Continuity Planning (BCP)
• Accounting Advisory Services – Financial Reporting Framework
• Accounting Advisory Services – Outsourced Accounting
• Accounting Advisory Services- Accounting and Bookkeeping
• Accounting Advisory Services- IFRS Implementation
• Accounting Advisory Services- GAAP to IFRS Conversion
• Asset & Liability Management- Balance Sheet Management
• Banking Regulatory Compliance Services
• Capital Management Advisory
• Crisis Response Strategy
• Financial Reporting- Financial Risk Management
• Financial Reporting- Compliance Risk
• Internal Audit- Controls Testing and Monitoring (CTM)

Strategy & Transformation

• Strategic Review
• Organisational Transformation
• Market Entry
• Cross-Border Expansion
• Feasibility Studies
• Process Improvement

VAT Taxation

• VAT Compliance Review
• VAT Health Check
• VAT Refunds
• FTA Audit Assistance
• Voluntary Disclosure
• Reconsideration for VAT Penalty Waiver
• Exception Form
• Transaction Advisory on VAT
• Tax Agency Services

Excise Taxation

• Excise Tax Compliance Review
• Designated Zone & Warehouse Keeper Registration/Renewal
• Excise Tax Health Check
• Assistance In Excise Tax Refund
• Assistance in Excise Tax Audit

Customs and International Taxation

• Economic Substance Regulations (ESR) Compliance
• Global Mobility and HR Tax
• ESR Review & Consistency Advice – UAE & Bahrain
• Withholding Tax (WHT) Advisory
• ITR Review and Filing
• Master File Compliance
• Tax Retention Advisory (KWT QAT)
• Royalty and Fee for Technical Services (FTS) under DTAAs
• Dividend Interest Advisory under DTAAs
• Tax Residency Advisory
• Foreign Tax Credit (FTC) Advisory
• Zakat Advisory
• Domestic Tax Advisory
• MnA Tax – Pre Deal
• MnA Tax – Deal Implementation
• MnA Tax -Post Deal
• Digital Tax Advisory
• Family Trust Set up Advisory
• Structuring Advisory
• CbCR filing & advisory
• Customs Health check
• Transfer Pricing Strategizing international Transfer Pricing
• Permanent Establishment (PE) Advisory
• Advisory on Double Tax Avoidance
• Tax Residency Certificate
• Customs Registration
• Assistance in Customs Refund
• Customs Exemption Advisory
• Free Trade Agreement Analysis Services

Technology Advisory

• Procurement Management
• Data Analysis Advisory Services
• FinanceTransformation Services
• Advanced Analytics Services
• Talent and Transformation Services
• Information Security Audit
• Cybersecurity Assessment (VAPT, Configuration Review)
• Data Protection Compliance
• SIA (NESA) & PCI DSS Compliance
• ISO 27001 Compliance
• Third-Party Risk Management
• Robotic Process Automation
• Business Process Re-engineering
• Digital Transformation Strategy
• ERP & CRM Project Management
• Data Protection Compliance

Unified In-Country Value

The Unified In-Country Value (ICV) programme for Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi Department of Economic Development (ADED), Aldar Properties and Abu Dhabi Ports was implemented with three key objectives: improve employment opportunities for Emiratis in the private sector, facilitate GDP diversification and localize critical parts of the supply chain. All legal entities require an ICV certificate to participate in tenders of over 60 entities of the Abu Dhabi government, ADNOC, Aldar, Abu Dhabi ports, Mubadala, and the Emirates Nuclear Energy Association. The ICV score is assessed vis-a-vis the previous financial year.

As an approved certifying body, MBG Corporate Services helps you obtain your Unified ICV certificate quickly. Our dedicated team of experts are experienced in issuing ICV certificates across various industries and can conduct the assignment both remotely and onsite.