Advisory

We provide a wide range of accounting, process
outsourcing and business advisory service
advisory

Accounting & Advisory

Accounting Process Outsourcing

By outsourcing your finance and accounting function, organizations would undoubtedly yield the sought-for operational performance improvements. Crowe Maldives considers this as a core competency and will work to strict performance indicators to ensure the best possible experience for our clients. We aim to:. 

  • Optimize Management Focus 
  • Significantly reduce operational cost 
  • Maintain records in accordance to best practice 
  • Provide an objective outsider's perspective 
  • Establish strong Quality Control 

 

Outsourcing Models

Outsourcing is about entrusting business processes to a strategic outsourcing partner. The following outsourcing models are presently offered by Crowe Maldives.

 

Full outsourcing off-site

  • Accounting functions are managed and processed by Crowe Maldives in-house.
  • All cash receipts and expenditures, including payroll are processed off site. 
  • Clients are provided with various reports, including monthly financial statements. 

 

Full outsourcing on-site

The next best model is to outsource the accounting functions on site.

  • Accounting functions are managed and processed by Crowe Maldives at clients office. 
  • All cash receipts and expenditures, including payroll are processed on-site. 
  • Clients are provided with various reports, including monthly financial statements. 

 

Partial outsourcing

  • Accounting functions are managed and processed by Crowe Maldives at clients office. 
  • All cash receipts and expenditures, including payroll are processed on-site by client staff. 
  • Crowe Maldives will reconcile all ledger accounts. 
  • Clients are provided with various reports, including monthly financial statements. 

 

Payroll Processing

Crowe Maldives offers a flexible and comprehensive range of cost-effective payroll processing services tailored to comply with government regulations, which include:

  • Support collection and capture of critical payroll data including new hire setup, terminations and other key information imperative for accurate processing.
  • Processing net payroll disbursements, including variable commissions.
  • Compilation of monthly payroll summary reports for management review
  • Printing and distribution of pay slips
  • Processing of pension payments

 

 Company Secretarial Services

We provide comprehensive and high quality company secretarial services to private companies, companies limited by guarantee and listed companies in the Maldives and various other jurisdictions. We specialize in the formation of private limited companies; from preparation of memorandum and articles of associations to submitting application. Our services include;

Company Formation and Registration

  • Advice on type of business entity and appropriate corporate structure to suit our client’s needs
  • Formation of private companies
  • Formation of companies limited by guarantee in Maldives
  • Registration of partnerships in Maldives
  • Assistance in opening of bank accounts
  • On-going Service
  • Providing company secretarial services for private companies, listed companies, and companies limited by guarantee
  • Provision of company secretary, nominee shareholder, registered office and correspondence address
  • Maintenance of statutory records
  • Preparation of minutes and filings of statutory forms with the government authorities
  • Attending directors' and shareholders' meetings
  • Provision of audit, accountancy and tax consultancy services

Cessation of Business

  • Advice on closure of business
  • Deregistration of companies
  • Liquidation consultation and support

Other Services

  • Advice on corporate re-structuring, mergers, acquisitions and Trademark registrationCarrying out corporate search.
  • Arranging attesting service, notarisation and apostille of documents

 

Corporate Finance

Our highly experienced Corporate Advisor teams of corporate finance professionals throughout the world can help guide your organization through the tumultuous waters of mergers and acquisitions, accurately assessing your situation, and helping you put a successful strategy in place. The specific services Global Corporate Advisor can provide include:

  • Valuation
  • Preparing the offer document
  • Structuring the transaction
  • Performing due diligence
  • Assisting in negotiations
  • Post-merger integration

 

Foreign Investment Advisory

We have helped numerous foreign companies to establish and do business in Maldives. Our services include:

  • Company Registration Services
  • Company secretarial services.
  • Local Director Services
  • Act as local representative office. 
  • Accounting outsourcing services.
  • Legal services.
  • Visa Management Services
  • Payroll Services


Hotel/Resort Consulting Services

Our expert team can provide insight into all facets of a hotel buy/sell transaction including following:

  • Advice on site selection
  • Project Planning & Implementation
  • Feasibility Studies
  • Asset Valuation
  • Financial & Operational Due Diligence of Properties
  • Ownership Transfer Process
  • Government and labor relations 

 

Valuation

Censere is a leading valuation and advisory firm and a sister firm to Crowe Maldives which operates throughout Asia Pacific and the United States. Censere is specialised in the valuation of illiquid assets.  Such as;

  • Businesses & Financial Instruments
  • Illiquid Debt & Convertibles
  • Intellectual Property & Other Intangibles
  • Machinery & Equipment
  • Real Estate
  • Employee Benefit Schemes