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PC Hart

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PC Hart

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Name

PC Hart

Your Country

United Arab Emirates

Company

Hartconsultancy FZ LLE

Position

CEO / Founder

Gender

Male

Core Industries

Consultancy

Experience

Master’s Degree in Corporate Law (LLM) with 26 years of international banking experience (mature and emerging markets).
Skills set includes: marketing, strategy, sales management, and compliance. Strong developed cultural sensitivity with experience in 5 different countries in the Middle East, Asia, Europe, and the Americas

Board positions:

information provided upon request

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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