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Flex Family Flex Floor 6, Bneid El Gar , Kuwait
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Sun - THU: 8.00 AM - 17.00 PM
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Number of Business and Consultation Services
Registration of the trademarks and intellectual property
We provide the services of trademark registration as where our company is an agent accredited with the Ministry of Commerce and Industry for registering the trademarks, intellectual property and patents, where we provide this service beginning with trademark design by professional designers in accordance with the applicable international principles and standards according to the World Intellectual Property Organization (WIPO); then, we register the trademarks and obtain an official certified certificate of such registration. Furthermore, we seek to resolve and settle the disputes related to the intellectual property.
Risk analysis, assessment and management
Risk analysis and management can result in creating an added value by setting the plans designed to respond to the potential risks, so that companies adopting this principle can be the most successful and competitive, leading to increasing its operational performance in various fields, where we provide the consultations related to risk analysis, assessment and management.
Preparing the economic feasibility studies
We prepare the economic feasibility studies and action plans for various economic sectors to provide a distinguished service to the investors who want to establish new projects or develop currently existing projects to present them to all different bodies, where we verify that the project's compliance with the conditions and procedures required by the concerned authorities and set a comprehensive action plan in which we pay attention to the most important elements to be available in the feasibility studies or action plans in a way leading to successful project and achievement of the project objectives by assessing the market status in terms of the competitive business in light of economic variables and set basis of the legal, marketing and financial aspects of the project to help the investment decision-makers to make their decisions on basis of proper scientific grounds to achieve their investment objectives and economic aspirations.
Due diligence legal and financial examination
When thinking of entering into a new partnership or a merger or acquisition of a company, the investors shall examine all legal and financial aspects of such company. Based on our experience in this field, we provide legal and financial due diligence examination of all documents, records and books of such company, identify the weaknesses and strengths of all the company's elements, examine the risks affecting the company's business, assess the financial, legal and other elements affecting the company's business efficiency and continuity, set up the plans, take the necessary measures to avoid or mitigate the potential negative results and prepare a comprehensive report including the final result indicating the extent of appropriateness and conformity with the relevant laws, regulations, principles and standards to help the investor to verify all the facts related to purchase or acquisition process to avoid the surprises that cause damage to the investor's business in the future.
Qualifying and helping the companies to obtain the ISO certification
The International Quality Certificates (ISO) are defined as a group or a number of certificates indicating application of the quality assurance system in the company, where obtaining these certificates is considered as a third-party assurance of the company's ability to meet the quality-required specifications and standards; in addition, these certificates prove that the company's performance and business reached the highest levels, where the company’s obtaining the international quality certificates is the key to success of the company in light of the increasing competitiveness; furthermore, obtaining the quality certificates helps the company to maintain the quality of its services or products which it provides and to continuously develop its services or products in a manner helping the company to achieve its strategic objectives. We provide the consulting services related to the quality management systems to obtain the international quality certificates (ISO), where we set the policies and procedures which help the company to fulfill the international standards requirements for the quality management system to obtain the ISO certificates; we obtain these certificates from an American donor of the globally accredited ISO certificate that is recognized with all governmental enterprises and entities in the State of Kuwait.
Preparing all types of organizational and contractual agreements and contracts
We prepare, draft and review the civil, commercial and administrative contracts, negotiate with third parties regarding the terms, requirements and conformity with the relevant laws, regulations and resolutions, and help to develop and set mechanism(s) for implementation of the solutions and proposals regarding the legal problems or obstacles hindering implementation thereof. While preparing and drafting the contracts, we observe the legal contract nature which differ according to type of the contract, verify validity and integrity of all documents on the subject matter of the contract is based, identify and clarify the contractual rights and commitments and generally make sure that the contract is complete, fulfills all the legal contracting aspects and does not violate the relevant laws, regulations and resolutions.
Corporate governance consulting
Application of and adherence to the governance rules leads to achievement of fairness, competitiveness and transparency in the relationship among the shareholders, the BOD and the executive management to ensure the shareholders' rights and avoid manipulation, corruption and mismanagement to achieve the best protection and balance among interests of the company management, the shareholders and other associated stakeholders to ensure the company being in line with the shareholders' objectives and to enhance the investor confidence and the company's efficient performance and ability to encounter the crises; we provide consultations, set and develop the systems, policies and procedures related to application of the good governance rules in accordance with the regulatory instructions and principles applied by the Capital Markets Authority. Moreover, we prepare the organizational structures though which the work system is directed and controlled in accordance with the international standards and principles which help in its entirety to define responsibilities and duties of the BOD and the Executive Management, taking into account protection of rights of the shareholders and stakeholders.
Provision of the services related to company mergers
In light of the globally recent successive crises and multiple developments that had a direct impact on all economic aspects, activities and fields and caused structural and radical changes in many economic facilities and companies, they had in the long run to confront these continuous changes through developing their systems and performance in general through merger.
The following two methods are of the common methods of merger:
• Merger by way of combination through dissolution of and transferring financial assets and liabilities of one or more companies to an existing company.
• Merger by way of mixing through dissolution of two or more companies, incorporation of and transfer the financial assets and liabilities of the merging companies to that new company.
• We provide all consultations related to the companies merger in addition, we have the specialized experts to perform all procedures related to mergers by providing legal and financial support and technical assistance to the investors and decision-makers to determine their priorities and needs in all matters related to mergers through developing a professional comprehensive action plan for the merger.
Incorporation and establishment of the legal entities
We provide the consulting services to the foreign investors who want to establish companies owned by them by 100% of their total capital with the Kuwait Direct Investment Promotion Authority (KDIPA) and help those investors to obtain many of the features and facilities stipulated in the Law No. 116 of 2013 and its executive regulations. Our company has a working team specialized and distinguished in incorporation of all types of companies with their various economic sectors, where we provide all consultations and executive works related to incorporation of the companies up to issuing their legal personality and obtaining the necessary licenses required to engage in the business. Furthermore, we are characterized by providing the services related amendment of the companies' memoranda of association and conversion of their legal entity in accordance with the Companies Law No. 1 of 2016 and the executive regulations, as amended.
Provision of the consultations to the shareholding companies
We provide and submit the services related to annual supervision and follow-up to the ordinary and extraordinary general assemblies of the companies regardless of their kinds and economic sectors, where such service includes provision of the consultations, preparation of all documents, performing all necessary procedures for holding the general assembly meetings, whether held in an ordinary or extraordinary manner.
• We provide our consulting services and perform all the executive procedures related to organizing the mechanism regulating elections of the companies' bod members, organize and arrange the alliances among the shareholders to organize and arrange for obtaining the BOD membership.
• We provide the consultations related to private subscription in the companies' capital, whether the private subscription is in the establishment phase or in cases of increased capital of the companies, where we act as a subscription advisor and prepare the documents required for subscription in the company's capital shares, including preparation of the prospectus, setting the rules, provisions and policies and principles required for subscription, follow-up and supervision of the subscription processes and developing the financial and legal treatments to dispose of the stock fractions, if any.
• We examine any obstacles and problems of all kinds which the companies face, and act to find proper solutions for them, whether they are legal or accounting solutions, in compliance with provisions of the Companies Law and its executive regulations, the ministerial resolutions and regulatory instructions issued by the concerned authorities.
• We provide the consulting and executive services and prepare the contracts and assignment declarations related to transfer of property of the shareholding companies' shares from the sellers to the purchasers, as well as the subsequent procedures in the Kuwait Stock Exchange.
Provision of the services related to registration and approval of the contracts for the foreign commercial agencies
The commercial agencies are one of the most important elements that drive the economy process towards development and prosperity; due to the continuous progress and development of the industries and increase of the consumer needs and the investors' ambitions towards delivery of their products to everywhere, it has been necessary to find a type of the dealings through which each manufacturer, merchant or investor ensures distribution of his products and commodities in the best possible way through the commercial agencies and contracts. We provide the consulting services, prepare all documents and contracts and perform all executive procedures related to registration of the international commercial agencies with all the competent authorities in the State of Kuwait up obtaining the certificates that prove registration of the commercial agency in name of the enterprise or company.
Companies assessment
We provide the company assessment services in accordance with the International Financial Reporting Standards issued by the Financial Accounting Standards Board (FASB) which take into account encouragement of use and strict application of these standards to achieve convergence between the local accounting standards and IFRSs to find high-quality solutions in line with requirements of the Professional Ethics for Chartered Accountants issued by the International Ethics Standards Board for Accountants, as well as the ethical requirements; in this regard, we are committed to provision of the proper ethical requirements, including the objective independence principles, professional efficiency and adequate attention, where we primarily follow the policy of consolidation of the culture of professional conduct, ethical standards and basic principles on which the work ethics are based, while the work ethics are one of the major principles of professional justice, integrity, impartiality and efficiency.
Provision of the accounting services
• We help to provide the accounting services related to the accounting aspect in the memoranda submitted by the customer's attorney to the Experts Bureau at the Ministry of Justice in the lawsuits filed by or against the company, to state provision of the legal coverage related to the accounting aspect.
• We establish an integrated accounting system for the enterprises and companies by identifying the company's internal structure and business, create the proper accounting guide, act to establish a documentary cycle to organize the work in a manner observing the preventive control, separation among the duties as much as possible according to the company’s structure, adopting the proper method using a set of documentary books or the proper accounting program which meets the company's needs, acting to define the internal control and audit procedures and then, preparing the company's statement of financial position for its financial period.
• We provide the monthly accounting services to the enterprises and companies through providing a proper accountant having full experience and knowledge of accounting and financial rules, where we have mad visits to the company and this procedure includes the following:
- Preparing the necessary accounting entries required for the financial transactions and verifying account balances of the customers and suppliers, as well as any other accounts.
- Actual inventory of the company's assets and stock.
- Carrying the accounting entries forward to the accounting system and verifying the documentary cycle.
- Preparing a trial balance by making the necessary settlements to identify the actual balances and accounts balance.
- Obtaining the analytical statements of each of the trial balance accounts and preparing requirements of the company's auditor.
- Making the final closing entries after receiving the draft final financial statements from the company's auditor for the ended year, carrying them forward to the accounting system and obtaining a trial balance after the close.
- Follow-up of financial statements of the subsidiary and associate companies, if any, and preparing the consolidated statements of the financial position and comprehensive income of the parent company and its subsidiary and associate companies.
- Performing any other accounting work required for the process of preparing the financial statements or as requested by the company administration.
Provision of the services related to human resources
We help our customers by providing our consulting services related to preparing, drafting and reviewing the worker employment contracts, preparing the policy guides, procedures for all the operational departments and assisting service departments, internal regulations related to work in the companies, so that our customers can be familiar with the policies and procedures related to daily operations, as well as providing the directives related to the authorities, the powers authorized to each of them, provision of all forms and checklists of the general framework for requirements of the company's policies and procedures program, method of activation, application and improving them to enhance stability of the service level, improve the work efficiency and accordingly increase the company's profitability. By our implementation and provision of the services related to the human resources, we help the companies to save the time and effort taken by them in preparing these regulations and policies and help them to reduce the financial expenditures paid for the monthly salaries, and other expenses, including health insurance, leave allowance, end of service gratuity and other expenses and charges received by the employees for performing these duties.
Providing of the company liquidation services
We perform all actions related to conventional liquidation of the companies, under consent of all partners, in accordance with provisions of the Companies Law, its executive regulations and the subsequent amendments thereto, includes the following:
• Perform all necessary procedures before all competent authorities related to amicably conventional liquidation of the companies.
• Appoint a liquidator specialized in the liquidation works to perform the entire works related to liquidation of the company.
• Perform all necessary procedures for liquidating the company up to completion of all procedures and permanently deregister the company with records of the Ministry of Commerce and Industry.