Let’s face it, there are hundreds if not thousands of consulting companies.
Cost is a concern in any business decision, we understand that.
Nowadays everything is virtual and as a consequence very economical.
Though is it really worth?
Today the entrepreneurs are not informed than they were in the past, they just have access to more information, which further makes it more difficult to ascertain on what information useful and beneficial and where are the real potential risks lie.
The growing offer of virtual services “incorporators” with “virtual chats”, is providing clients with the misperceptions that there are no legal and compliance commitments during and after the incorporation.
Unfortunately, these legal and compliance consequences behind the “virtual” are real, especially in the United Arab Emirates. It can bring financial risks and complexities to any business.
We believe we are one of the best subject matter experts (SMEs) in the industry.
- We are flexible, adapt quickly and innovative, as Shakespeare observed in Henry V, “the fewer men, the greater share of honour.”
- We will not accept questions neither provide to you, advisories through a chat portal in our website, since we choose to deal with our clients personally and that because, as a firm, we have no products to sell other than our knowledge and experience to share.
- We want to be our client’s first call on any significant life events involving their business lives.
- We consider it is an honour to serve your advisory needs.
- We look to build long-lasting relationships.
- We strive to walk with clients on their journey, whatever unique path it may take.
Our approach to corporate governance and compliance is articulated, in part, through
several key guidelines and policies, as set forth below.
Gemana AML and Compliance
Gemana’s commitment to operating with integrity requires more than just adequate. Our approach to corporate governance and compliance is articulated, in part, through several key guidelines and policies, as set forth below.
Gemana Services and Management DMCC is licensed below the Dubai Multi Commodities Centre (DMCC) as a Corporate Service Provider (CSP). Therefore, Gemana acts accordingly with the DMCC GUIDANCE to meet the RISK-BASED Compliance and procedure which applies to DMCC. Additionally, Gemana is a Registered Agent with Ras Al Khaimah International Corporate Centre (RAK ICC) makes us obligatory to comply with Combatting Money Laundering (AML) and Financing of Terrorism (CFT) Regulations introduced by the RAK authority.
The core of law
- The Government of the UAE or any government department in the UAE including Federal Decree-law No. (20) of 2018 ON ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND FINANCING OF ILLEGAL ORGANISATIONS, the Anti-Money Laundering law (‘AML’).
- The Central Bank of the UAE or the Anti- money Laundering Suspicious Cases Unit (AMLSCU) law and recommendations.
- The Gulf Cooperation Council (GCC).
- The Financial Actions Task Force (FATF).
- The Middle East & North Africa Financial Action Task Force (MENA FATF) recommendations.
Gemana Governance and Code of Conduct
“Gemana Governance and Code of Conduct” applies to management and key peoples and employees are consistent with our commitment to act with integrity in all that we do, tied to Gemana’s approach to values-based decision making, which is built around the concept of integrity.
Our code of conduct includes
- General ethics: Gemana Team must ensure that their actions cannot be interpreted being, in any way, in contravention of the UAE laws and regulations.
- Conflicts of Interest: Gemana Team will perform their duties conscientiously, honestly, and in accordance with the best interests of the Gemana and his clients.
- Relationships with Clients: Our Employees should avoid investing in or acquiring financial interest for their own in any business could influence or create the impression of influencing their decisions in the performance of their duties.
- Gifts, Entertainments, and Favours: Our Gemana team, must not accept entertainment and/or gifts, or personal favours that could, in any way, influence, or appear to influence, business decisions in favour of any person and might be inclined to, or be perceived to, place them under obligation to return the preferential treatment.
- Kickbacks and Secret Commissions: Gemana Team may not receive payment or compensation of any kind, strictly prohibits the acceptance of kickbacks and secret commissions from suppliers’ clients or others.
- Dealing with Outside People: Gemana Team must take care to separate their personal roles from their Gemana positions when communicating on matters not involving Employer business.
- Social media and networks: Gemana Team are not to publish, post or rerelease any information that is considered confidential or not public.
- Prompt Communications: In all matters relevant to customers, suppliers, government authorities, the public Gemana Team must make every effort to achieve complete, accurate, and timely communications responding promptly
and courteously to all proper requests for information and to all complaints.
Employees are long-term investors
We let the employees share in the firm’s earnings. That will give them an incentive to increase earnings. We have the profit sharing on performance base, our team be awarded in the form of bonus on the business unit and certification courses. Because of this, employees’ economic interests are always aligned with the Company.
Gemana’s Corporate Social Responsibilities (CSR)
We make a living by what we get. We make a life by what we give.
We have always been conscious of our responsibility to support the community and give back to society.
We are a responsible business in how we work with our clients but also, in terms of how we contribute to the wider community and the world around us.
Perhaps surprising, but certainly encouraging is that every one of the world’s great religions emphasizes the moral imperative of charitable giving arriving at the same conclusions from very different origins.
The charitable imperative transcends the usual divisions and pigeon.
There is no code of ethics, whether religiously based or secular, that does not mandate the strong to look after the weak.
The charity has a meaning and a value for us and lies beyond the sum that us or our clients can donate. We strongly believe that charitable sector is important economically, socially, culturally, four our future and for the future of our
children.
As a shareholder, I personally support, giving the ten percent on my corporate dividends and salary to a non-profit organizations (UNICEF and save the children), cancer medical research and medical aids (Foundation AIRC and Médecins Sans Frontières), wilderness preservation organizations for the reduction of human impact (WWF and Green Peace) on the believe to improve medical, social and environmental cultural co-existence.
As the chairman and shareholder, I strongly believe that It is important to our employees to work for a socially responsible organisation and our approach, therefore, reflects our people.