The Oxford Business Group (OBG) (http://www.oxfordbusinessgroup.com/) stated that voluntary liquidation would not affect its operations in the countries where it is represented. This announcement is part of the procedure to move the company from the British Virgin Islands, which is its current jurisdiction of registration, to the United Kingdom, where it is headquartered. According to the announcement published in the Dubai-based newspaper Emirates Business, the voluntary liquidation process started on March 18.
The Director of OBG’s Dubai office Rakesh Kunhiraman stated that the company now “is in the process of setting up the business back in the UK, and hence the voluntary liquidation.” Kunhiraman and OBG’s public relations department declined to comment on the impact the moving out of the tax-free British Virgin Islands would have on operational costs and profits. They said that, being a private company, they should not make this information publicly available.
The Director of Dubai office said the group performance was very good in both publishing and consultancy activities, due to advertisements and sponsorships and due to developing reports commissioned by the group’s clients.
The Oxford Business Group publishes annual reports for 30 countries including Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah, and provides consultancy services. Three main offices of the group are located in Dubai, UK and Turkey.
The Oxford Business Group (OBG) stated that voluntary liquidation would not affect its operations in the countries where it is represented. This announcement is part of the procedure to move the company from the British Virgin Islands, which is its current jurisdiction of registration, to the United Kingdom, where it is headquartered. According to the announcement published in the Dubai-based newspaper Emirates Business, the voluntary liquidation process started on March 18.
The Director of OBG’s Dubai office Rakesh Kunhiraman stated that the company now “is in the process of setting up the business back in the UK, and hence the voluntary liquidation.” Kunhiraman and OBG’s public relations department declined to comment on the impact the moving out of the tax-free British Virgin Islands would have on operational costs and profits. They said that, being a private company, they should not make this information publicly available.
The Director of Dubai office said the group performance was very good in both publishing and consultancy activities, due to advertisements and sponsorships and due to developing reports commissioned by the group’s clients.
The Oxford Business Group publishes annual reports for 30 countries including Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah, and provides consultancy services. Three main offices of the group are located in Dubai, UK and Turkey.