Company incorporation, record keeping, company secretariat and registration services (“Corporate Services”) is a practice that is significantly under-developed in Saudi Arabia and the United Arab Emirates. Such under-development can be attributed to a prevalent culture of low level of regulatory compliance in the absence of regulatory verification, the decreased attention paid by business owners to records, and the reliance on law firms and government self-service enablement with regards to incorporation. Law firms have traditionally provided corporate services in Saudi Arabia but such provision was to enable legal work, and is not intended as a main revenue stream or a focus practice.
Today, with the increased regulatory oversight and advancements in the overall corporate legal system in the UAE and Saudi Arabia, documentation, record keeping and regulatory compliance are on the rise. Yet, the market lacks professional-grade Corporate Services providers who are able to provide a deep set of Corporate Services offerings to corporate and individual clients across various international jurisdictions and across legal entities (operating companies, investment funds, holding structures, etc.).
The vision for IDARAH is to be a leading independent Corporate Services provider in the UAE and Saudi Arabia, with a focus on providing a full suite of corporate services to large and medium sized corporations. It will offer its services to professional firms who may wish to use the Corporate Services of IDARAH.
IDARAH will be a technology-first company, and will focus on identifying and implementing technology that will enable volume growth and high quality outputs in the Corporate Services space.
IDARAH will focus on doing Corporate Services with the assistance of Technology. Since tech will be the base of our business and we will focus on identifying and implementing technology that will enable volume growth and high quality outputs in the Corporate Services space we wish start the company with a comprehensive and user-friendly software that supports our primary business operations of Corporate Service Providers (‘CSP’) and corporate secretarial services.
IDARAH’s Corporate Services offerings will include but are not limited to:
1. Incorporation services
2. Company Secretariat services
3. Professional Directorship services
4. Corporate Governance and other services
Our philosophy of “It’s best to do one thing really, really well” is based on our core values of honesty, integrity and commitment to our clients”