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    Privacy Management Group has been a core component of the world’s leading consulting firms in the fields of international company formation, business administration and banking service for a number of decades. The parent company of the group is Privacy Management Group, United Arab Emirates, with headquarters in the Al Hamra Industrial Zone and the emirate Ras Al Khaimah. There are three PMG-Consulting Centres available for clients and interested parties, located at the Dubai Marina, at Al Hamra Industrial Zone and Ras Al Khaimah.

    Privacy Management Group is located on the European side of Cyprus, near the Larnaca Airport. Within minutes, you arrive at the local PMG-Consulting-Centre, where every conceivable advisory service regarding company formation, business administration and banking service is available to you. Covering more than 300 square meters, our office includes our own in-house tax advisor and lawyer, an internal bookkeeping department, a service centre for international banking and appropriate conference rooms for confidential discussions with experts.

    Whether you prefer Europe, the Arab or Asian regions or the US state of Delaware, Privacy Management Group can offer you optimal guidance and service. The entire team consists without exception of hand-picked experts, some of whom possess over 30 years of professional experience. This no doubt played a role in our clients once again bestowing a five-star rating on the services they received from Privacy Management Group during the past year.

    Standing the test of time, the old axiom “trust, but verify” can still be recommended today.

    Privacy Management Group voluntarily submits its entire range of offerings and services as well as every individual department to an annual quality control inspection. The inspection has since 2011 been performed by the international TUV Nord organisation, with Privacy Management Group receiving the certification “Quality Standard according to ISO 9001:2015“ in each year (view certificate). It should also be mentioned that Privacy Management Group is up to now the only German-speaking company in the industry that features this certification.

    All services provided by a single source. This is another essential requirement that Privacy Management Group places upon itself for the benefit of its clients. The inherent advantages therein for the client are self-explanatory.

    Privacy protection: Privacy Management Group has its own internal IT-department of qualified and experienced experts working around the clock to ensure that your personal data is safeguardedat all times. Privacy Management Group will only save your personal data on its own servers. Our physical servers are located in a non-European country, where an expert team is assigned to separately and individually protect and maintain them. This expenditure in terms of personnel and financial resources is worth the cost. Your data is in the best hands with Privacy Management Group.

    Quality of advice and qualification: At its location in Cyprus, Privacy Management Group employs its own internal lawyers and tax advisors. The use of qualified professionals enables us to offer our clients the highest quality advisory service.

    Quality of service and optimal workflows: The certification of Privacy Management Group according to ISO 9001:2015 also attests to optimally structured internal workflows and the highest level of service quality. Through the use of its own bookkeeping department, an in-house department for banking services and by only employing hand-picked specialists to serve as points of contact at the Service Centre, Privacy Management Group is able to meet the most demanding expectations while ensuring that unauthorised third parties will never be able to access personal data.

    Privacy Management Group stands for the highest possible level of data security, trustworthiness, innovative ideas, exceptional know-how and a reasonable price to performance ratio. We would like to be there for you, not only to help you to implement your current undertaking, but also on a long-term basis, and even for the entire duration of your business operation.

    Headquarters

    Al Hamra Industrial Zone

    Privacy Management GroupFZ-LLC

    Al Hamra Industrial Zone
    Ras Al Khaimah, United Arab Emirates
    Mon - Fri 9:00 – 16:00 (GMT+4)
    Phone: +971 7 243 7505  
    Phone: +971 50 329 5531
    Phone: +357 220 282 66  

    In cooperation with

    European Service Centre

    Privacy Management GroupLtd.

    61-63 Lord-Byron-Street, 5th Floor
    6023 Larnaca, Cyprus
    Mon - Fri 9:00 – 16:00 (GMT+2)
    Phone: +357 240 204 00

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.