BLACK RIVER PARTNERS
Providing Crisp & Out of Box Solutions For Our Clients
Ancillary services to compliment the verticals The verticals served by BGP is designed to ensure facilitation and ease for clients. Challenges for clients with secondary passports don’t end there. Whether it is setting up of business units, opening of relationships with financial institutions, regulatory sanctions and adverse media, our out of the box solutions make BRP is best placed to help pacify these challenges.
Black River Partners Business Verticals
Citizenship By Investment
Enable Clients to source the correct Secondary Citizenship based on their needs and requirements.
Corporate Services
Enable the establishment of a UAE based corporate body to help facilitate business payments and tax efficiency and wealth planning.
Bank Account Facilitation
Biggest Challenge New corporations and those with new Citizenships is and remains the opening of Banking facilities. BJP is best placed to help facilitate this in a efficient and honest way.
Due Diligence
Help Clients provide a DD pack for Banks in advance of any new relationships – which would address any Risks (Compliance / AML) and highlight mitigants allowing banks to make a risk based call and realise the transparency of the client.
Adverse media Screening
Continuous monitoring on a subscription basis for clients to ensure they are made aware and able to address any Adverse media immediately and transparency with their banking and other FI relationships.
Company Formation- Mainland/Freezone
Provide seamless, straight through process for registration and licensing of firms, either in Main Land Dubai or Free-zones across the U.A.E. Managing issuance and renewal of resident visas, emirates ID and Insurance related requirements for owners of the firms.
At Black River Partners, we possess the ability to ensure that our clients benefit from seamless services both at their current location and the country that they wish to move to for citizenship.
With over 3 years of experience in advisory services, infrastructure, and overseas investments to our credit, we assure you of unparalleled services and guarantee 100% satisfaction.
From applying for an Antigua and Barbuda citizenship to the attainment of Malta citizenship, we are here to offer guidance through it all as an exclusive Government approved advisory. Bespoke and VIP services that combine long-term planning, citizenship advisory, and investment strategy.
SECOND CITIZENSHIP SERVICES
CITIZENSHIP BY INVESTMENT FROM UAE
The attainment of a second passport and residency are topics that have gained immense interest amongst increasing numbers of internationally mobile investors and entrepreneurs.
Turnaround times that are clear, predictable and adhered to.
Global coverage, enhanced by local knowledge.
Providing counter-effective measures against bad press of un due linkages to Politically Exposed Persons.
Due Diligence delivers detailed and comprehensive information, provides transparency, and enables better decision making. Information can give you an advantage if you know something that others don’t. Furthermore, uncovering a piece of data that is intentionally being hidden from you can be a game changer.
Corporate Services
Thousands of businesses set up in the UAE every year, on top of thousands more that renew their licenses to trade in this incredible global location. With many business owners originating from overseas, most organisations make use of corporate service companies to smooth the transition into a new jurisdiction. Such companies offer a range of services, from document translation and notarisation to assistance with business licensing and visa applications.
With such a steady flow of businesses out here, those who can offer these services are always in demand. And if you’re interested in setting up a corporate services company in the UAE, there’s more good news. With the assistance of a local experts with thorough knowledge of Dubai Economy and Tourism Department, as well U.A.E FreeZones, you could be up and running and ready to trade in matter of days.
Corporate Services Offered in Dubai, U.A.E
Services offered tend to differ between providers. Where some may only provide a few basic services such as document attestation or corporate sponsorship, others provide much more. These include:
• Accounting and bookkeeping
• Bank account opening
• Company formation
• Corporate governance
• EJARI services
• Flexi Desk Management
• Mail handling
• Visa assistance
BANK ACCOUNT FACILITATION
quicker. BRP Business Setup provides you all the banking assistance you need while starting your
company in the UAE. Be it assistance for bank account opening or for bank guarantee, we can
help you.
Opening A Bank Account
quicker. BRP Business Setup provides you all the banking assistance you need while starting your
company in the UAE. Be it assistance for bank account opening or for bank guarantee, we can
help you.
becomes extremely easy. While bank account opening requirements can look complicated, BRP
Business Setup aids you through the right banks in the region that offer low tariffs on banking
facilities, simplified reporting system, high quality of services and competitive fees.
To have an account in the best bank in Dubai or to know about any of the UAE banks or offshore
banking services, speak to our business setup consultants.
Adverse Media Management
Banks and financial organisations are faced with stringent obligations by watchdogs to minimise illegitimate associations and safeguard the legal financial system. Adverse media screening is essential to tailor to the regulatory needs of financial institutions.
What is Adverse Media Screening?
Financial organisations scrape the news, online media sources, and global watchlists provided by regulatory bodies to screen potentially high-risk risk customers known as negative news checks or adverse media screening. As an integral part of the AML compliance program, these checks allow businesses to combat financial crime effectively.
The Role of Negative News Checks in FIs When we talk about businesses operating in the financial industry, specific checks are mandatory while new account openings, carry out large-scale transactions, etc. The purpose of these regulatory checks is three-fold:
(i) Incorporate Know Your Customer (KYC) procedures while customer onboarding.
(ii) Stay compliant with Anti Money Laundering (AML) requirements.
(iii) Risk-profiling of customers to mitigate financial crime But when it comes to customers who are either a Politically Exposed Person (PEP);
a business either operating in a high-risk industry or with frequent large transactions, or any other entity posing a significant amount of risk to the financial service provider, due diligence practices need to be defined accordingly. An Approach Based on Risk Profiling It is important to note that adverse media screening is part of a greater AML compliance program that consists of various internal controls, policies and procedures. Financial institutions develop in-house teams to cater to the needs of global AML standards to tackle monetary crime including money laundering and funding of terrorist groups. The Financial Action Task Force (FATF) emphasizes that businesses should develop a “risk-based approach” for businesses when carrying out customer onboarding processes.
COMPLIANCE / ANTI MONEYLAUNDERING OUTSOURCING
Designated Non-Financial Business & Professions / Virtual Asset Service Providers
UAE Central Bank has issued new regulations for DNFBP’s and VASP, whereby each business will have to ensure regular reporting to the Financial Intelligence Unit and have to onboard Compliance / AML officers. These firms includelk
• Auditors and accountants
• Dealers in jewellery, gems, precious metals and stones
• Lawyers, notaries, and other legal professionals and practitioners
• Real estate agents and brokers
• Company and trust service providers
• Any other DNFBPs, as may be notified by the Government
• Crypto Currency or Virtual Asset Service Providers
What we provide is managing your compliance and Anti Money Laundering functions, ensuring regulations are abided, timely reports are logged into Go AML system and effective training of staff. All this is done on a retainership basis for firms
Due Diligence Expertise
At BRP we go by Two Types of Due diligence processes – We can help provide for a Client a Compliance pack for them to share with 3rd Partys such as Banks and Fis – a report that addresses the clients Source of Wealth and their wealth Journey that will include an assessment to show plausibility of this.
We offer Cost effective due diligence reports that follow an investigation into a subject’s background, financial and reputational standing. Our reports are designed to enable you to make critical decisions around your business partnerships.