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Cases · Business & ownership · Corporate ownership & governance

Update board and statutory records

How do we change directors or shareholders of our company abroad?

WONE Global prepares the resolutions, filings and notarised documents each registry requires and confirms the records are updated everywhere.

Countries in the typical case United Arab Emirates · United Kingdom · Egypt

The situation

What is happening

What is at stake

Out-of-date records block bank changes, deals and filings, and can make decisions invalid.

A scenario

Family groupMid-sized company · from Kuwait · in United Arab Emirates, United Kingdom, Egypt

A director has resigned from three subsidiaries, and the banks will not act on instructions until the records are updated.

Where it ends Records correct in every country, and banks acting again.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “How do we update the registry after a board change?”“Our foreign company's records are out of date.”“We need to replace a director in an overseas subsidiary”

The solution

How WONE Global handles it

WONE Global prepares the resolutions, filings and notarised documents each registry requires and confirms the records are updated everywhere.

Usually led by Setting up and running a company, with Contracts and commercial law.

Step by step, in the scenario

  1. Day 1WONE Global confirms what each registry and bank requires.
  2. Week 1Resolutions and notarised documents prepared once.
  3. Week 2Filed in each country.
  4. ThenBanks and registries confirmed updated.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Which changes must be recorded or notified
  2. 02Who are the beneficial owners for the register
  3. 03How board decisions are documented locally

Outcomes

What you receive

  • Current statutory registers
  • Filed notifications of changes
  • Board minutes that stand up to scrutiny

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Services

The services involved

One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.

  1. Usually leadsSetting up and running a company3 markets with a named lead→
  2. Often involvedContracts and commercial law12 markets with a named lead→

Who handles it

Setting up and running a company, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. United Arab Emiratesin the typical case WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
  2. Egyptin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. United Kingdomin the typical case On request Availability confirmed before any work begins Bring a requirement →
  4. Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
  5. Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
  6. India On request Availability confirmed before any work begins Bring a requirement →
  7. Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
  8. Singapore On request Availability confirmed before any work begins Bring a requirement →
  9. United States On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

Dr Hajra NazirDubai · United Arab Emirates

WONE Global Capability Partner · United Arab Emirates

Dr Hajra Nazir

Head Corporate Advisory / Consultancy Division · VASS International Auditing & Consultants · Dubai

Dr Hajra Nazir is qualified Professional Doctorate (PD) in Business Advisory & Compliance with prestigious organizations in the field of Corporate Advisory, Business Administration, Law, Commerce, Applied Economics etc.…

Dr. Esteban Lucio MaccariBuenos Aires · Argentina

WONE Global Capability Partner · Argentina

Dr. Esteban Lucio Maccari

Managing Director · Maccari Adam & Asociados · Buenos Aires

He is a lawyer with a degree from the University of Buenos Aires and a degree in Spanish Law. He completed postgraduate studies in Strategic Business Management at the Polytechnic University of Madrid and the Glocoll at…

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Work through UAE ↔ United Kingdom with the leaders doing it.

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