Cap Lion Point leads the acquisition of OfficeRock.com an e-commerce business
Dubai, May 4, 2020
Cap Lion Point (CLP) successfully supported an international procurement company BINCRES under the CRESCO Holding group in its acquisition of an e-commerce business, OfficeRock based in Dubai, UAE in one of their target markets. CLP helped to transfer the multi-million USD venture project from the venture capital group to its new owner.
The acquisition secures the integration of the successful operation into an environment, where both parties profit from the synergies and further develop the business with horizontal and geographical expansion.
About Cap Lion Point
Cap Lion Point is an investment bank based in Seychelles with employees in several countries. The ISO certified fund specialist mainly covers Africa and Asia as the target market for investments.
For more details, visit www.caplionpoint.com
BINCRES is an international procurement company with offices in the Philippines, Seychelles and UAE. The company served as the supply chain management arm of CRESCO Holding group, facilitating local and international procurement and logistic solutions.
A team of experts seamlessly handle the identification and vetting of potential suppliers, from the request for quote and evaluation of offers, the contracting and quality control, the supply logistics and the administration of the payment. Its international network of partners and membership in reputed international organisations helps them to quickly and reliably source goods from suppliers located around the world.
CRESCO Holding Announced the Acquisition of OfficeRock, One of the UAE’s Top E-Commerce Websites
Dubai, April 22, 2020
CRESCO Holding is delighted to announce its recent acquisition of OfficeRock, a UAE based e-commerce business for office supplies and equipment established in 2011. This highly-touted & newly inked acquisition agreement comes at a very good time and will complement the procurement and integrated supply chain solutions for BINCRES a supply chain management business under the Holding. “Procurement is a critical and central part of the supply chain. We evaluate our vendors continuously and enforce the highest compliance and quality standards to ensure that the products and services we provide meet and exceed client requirements,” said Kivanc Arkac, OfficeRock’s Managing Director.
With this new purchase, CRESCO Holding group through BINCRES is now ready to establish a strong foothold in both e-commerce and logistic solutions not only in UAE but also to other markets in Asia. “The know-how of the OfficeRock team is a welcomed add-on to our skill-set. The group will greatly profit from their experience in e-commerce and optimised logistic solutions,” said Michael Waechter, CRESCO Holding’s Managing Director.
Established in 2011, OfficeRock is under Lionsrock General Trading company, a UAE based e-commerce business affiliated with leading internet companies such as Maktoob.com, Souq.com, CashU, etc.
Still here for you
Dubai, April 4, 2020
Dubai is going to conduct a 2 weeks round-the-clock sterilisation initiative starting from 8PM on 4th April 2020. This comes with strict restrictions on movement across the emirate. The physical office at the Gold & Diamond Park stays closed, but we continue to be available via phone and other electrical channels. Our other offices stay open according to schedule. We apologise for any inconvenience caused and thank you for your understanding.
Business Continuity Plan – we are prepared
19 March 2020
CRESCO has taken measures to stay operational during the COVID-19 pandemic. Our IT infrastructure and our processes support remote working and the cooperation between distributed teams. We are confident, that we can continue serving you with our high level of quality and short response time as you are used to. We are here for you.
Jonnas Porminal appointed as Chief Software Engineer of CRESCO
Dubai, February 27, 2020
CRESCO Holding appointed Mr. Jonnas Tristan Porminal as Chief Software Engineer. Jonnas graduated in Computer Science at Xavier University, Philippines and joined the CRESCO team in 2018 as Systems Analyst. He has several years of experience as software developer and masters an impressive range of programming languages and database systems. The team welcomes Jonnas in his new role and wishes him a good start.
Maricar Gonzaga receives “Excellence in Finance Leader” award
Dubai, February 26, 2020
FiNext Awards & Conferences awarded Ms. Maricar Gonzaga, Managing Director of
the prestigious award for “Excellence in Finance Leaders”. This well-deserved award recognises her contribution to the finance industry and is also an homage to her leadership in CRESCO Accounting, where she perfectly personifies the motto “Excellence as Attitude”. Congratulations from the whole CRESCO team.
CRESCO Legal achieved ISO certification
Dubai, February 6, 2020
achieved to get certified in ISO 9001 (Quality Management), ISO 10002 (Customer Satisfaction) and ISO 31000 (Risk Managment).
This certification puts CRESCO Legal in the exclusive club of law firms that are ISO certified. It is an important milestone in the development of this global law firm, as it will make the engagement by strong regulated companies like banks or insurance companies easier.
Sadiqa now ISO certified
Dubai, February 4, 2020 Sadiqa
, the Marketing and Expansion Consulting company of the CRESCO Group, is now certified in ISO 9001 (Quality Management), ISO 10002 (Customer Satisfaction) and ISO 22301 (Business Continuity Managment).
The implementation of the ISO principles will help Sadiqa, to secure the high quality output and to continuously adapt its services to stay inline with the requirements of its customers.
BINCRES now ISO Certified
Dubai, January 20, 2020 BINCRES
, the procurement company of the CRESCO Group, has successfully passed the ISO certification for ISO 9001: Quality Management System, ISO 10002: Customer Satisfaction and ISO 22301: Business Continuity Management System. This is a further step to secure the implementation of optimised processes and strict quality controls to the benefit of our clients.
Hensley&Cook opens office in Cebu, Philippines
Cebu, January 9, 2020
After a year of active promotion and successful deliveries in cooperation with local partners, Hensley&Cook has now established its own presence in the Philippines. From the office in Cebu, Hensley&Cook is going to serve the growing number of clients, that decide to establish a company in the Philippines, attracted by the high number of qualified people with high work ethos, or that like to retire in a country, that offers excellent living conditions at very attractive price.
CRESCO Legal now mediator in One Belt – One Road
Dubai, November 28, 2019
Mr. Naveen Kumar Indrakanti, Managing Director of CRESCO Legal, has been appointed as an Official Mediator by the International Commercial Mediation Centre for the “Belt and Road Initiative” popularly known as “Silk Road Economic Belt” and the “21st Century Maritime Silk Road” (the “B&R Initiative”).
Hensley&Cook to offer “Substance Check”
Dubai, November 26, 2019
Hensley&Cook, the corporate service company of CRESCO Holding, is now offering a “Substance Check” that allows companies incorporated in the UAE to check, whether they have to comply with the new legal requirement for “substance” as defined by UAE law.
You can access the Substance check here
CRESCOtec now certified for Information Security Management
Dubai, 23 September 2019 CRESCOtec
, the information technology specialists of CRESCO Group, achieved the ISO /IEC 27001 certification. This standard regulates the management of all data security related questions in information technology projects and the day-to-day work of CRESCOtec. In addition CRESCOtec was awarded the ISO 9001 (Quality Management), ISO 22301 (Business Continuity) and ISO 20000-1 (IT Service) certification.
CRESCO Accounting active in Anti Bribery
Dubai, 22 August 2019 CRESCO Accounting
is now ISO 37001:2016 certified. This ISO norm regulates the implementation and the running of an effective Anti Bribery Management System, which is an element to secure the compliance with the CRESCO Code of Conduct as defined by the management.
Beach cleaning on Bawbawon Island
Philippines, September 3, 2019
CRESCO Holding cooperated with the Local Government unit of Plaridel, Misamis Occidental, Philippines today to show their support in keeping the beaches on Bawbawon Island clean. Bawbawon Island is one of the investment targets of the Bawbawon Hospitality Group (www.bawbawonisland.com
), an entity associated with the CRESCO Group.
Ian Selguera appointed as Art Director of CRESCO
Dubai, June 20, 2019
CRESCO Holding appointed Mr. Ian Selguera as its new Art Director. Ian is a graduate in Information Systems and is a passionate painter. He has proven his excellent talent for example in the latest series of videos produced with and for the companies of the holding. We wish him a good start and are looking forward to seeing more results of his skilled work.
Mohamad Arar to become MD of Smart Money
Dubai, May 1, 2019
Mr. Mohamad Arar was named Managing Director of Smart Money, the claim recovery company of CRESCO Holding. Mohamad is a lawyer from Syria that joined CRESCO in February 2015 and was working with Smart Money since then. Mohamad is an Arabic speaking lawyer with a lot of experiences in the field of debt collection and claim recovery.
Successful event of WES MENA 2019
Dubai, 22 April 2019
CRESCO Accounting participated in the Women Entrepreneurship Summit held in Dubai, UAE. WES MENA offers an exciting new platform, intended to empower women, women-led organizations and SMEs through significant insights.
Seychelles IBC now allowed to carry on business in Seychelles
5 March 2019
In order to uphold adherence to the best international norms and practices, 1st January 2019 Seychelles enacted several legislative amendments which now offer Seychelles IBC owners an opportunity to carry on business in Seychelles, become tax residents and profit from the growing list of Double Tax Treaties. Business owners should note that only income derived in Seychelles would be subject to tax.
Contact Hensley&Cook team to learn how these changes can positively affect your business.
Asiajuris to elect Naveen Indrakanti as Vice-President
Cebu, February 24, 2019
CRESCO congratulates Naveen Indrakanti to his election as new Vice President of Asiajuris, an association of lawyers from Asia which is linked to Eurojuris, one of the leading association of lawyers in Europe. Naveen was elected during the Asiajuris conference in February 22 to 24 which took place in Cebu, Philippines.
CRESCO Legal is a founding member of Asiajuris and was instrumental in the set-up of this association. The conference in Cebu was organised by Jabines & Partners, a law firm domiciled in Cebu, in close cooperation with the CRESCO office in the Philippines.
Sadiqa DMCC is “Quality in Business” certified
Dubai, January 24, 2019
Sadiqa DMCC is pleased to announce the recently awarded Quality in Business Certification, which is an independent, third party evaluation program. It is the only global assessment methodology and business certification standard designed to highlight participating organisations commitment to innovation, continuous improvement and adherence to global best business practices.
CRESCO welcomes the 5k Challenge!
Dubai, January 21 2019
CRESCO Holding, a privately held UAE based holding with a selective investment portfolio, will start the year 2019 by introducing healthy lifestyle options to the dynamic and diversified staff by signing them up to the Super Sports 5km run. The run is a way to encourage all staff members to start the year by considering a healthier lifestyle and enhance positive attitudes.
At CRESCO, we work in line with the vision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai Government and Dubai Sports Council – “We are very keen to spread a culture of fitness since we strongly believe that making physical activity and sports a part of their daily routines will help people significantly improve the quality of their lives.”
CRESCO’s Dubai office will participate in the Super Sports Run on March 1st 2019 to motivate employees’ wellness and promote a healthier culture. The build up to the run allows employees to train actively for 60 days, while encouraging an increase in their fitness activity and by creating team building and a competitive environment.
Al Malek now “Quality in Business” certified
Dubai, January 10, 2019
Al Malek Trading, the trading and procurement company in the CRESCO Group, has received the reputed “Quality in Business” certificate from the US based certification agency. The certificate is given to companies, that proof to have a sustainable, client oriented business model that achieves a high level of customer satisfaction. This is another step in the continuous thrive for excellency.
Dubai, December 6, 2018
It is with a heavy heart and the deepest regret that we have to inform you of the sudden passing of Mr. Willem Smit, Managing Director of CRESCO Legal.
Willem was not only a key person in our office, he was a very good friend and colleague, he was a central part of our whole CRESCO family. We are all deeply saddened by his passing and everyone at CRESCO will miss him terribly. Words do not suffice to express our heartfelt sorrow and his absence is felt a lot.
Our condolences go out to his family. We wish them strength in this difficult times.
CRESCO Legal signs cooperation agreement with Almeida Prado Hoffmann, Brazil
Dubai, 30 November, 2018
CRESCO Legal has signed on 30 November 2018 a cooperation agreement with Almeida Prado Hoffmann (“APH”), a dynamic law firm in the economic heart of Brazil, Sao Paolo, with a subsidiary in Rio de Janeiro. APH was chosen in 2018 by an independent agency as one of the most promising and leading firms in the Brazilian legal community. All advocates are bilingual, Portuguese-English and many have a command of another foreign language like Spanish, Italian, German. APH has strong relations with FIESP, the SP Federation of Entrepreneurs, and is well represented in several international networks.
CRESCO Legal signs cooperation agreement with De Heng, China
Ningbo, 18 November, 2018
CRESCO Holding has singed a cooperation agreement with the Chinese law firm De Heng. The firm has more than 2’600 lawyers and is present in more than 30 locations all over China.
The agreement makes CRESCO the exclusive partner of De Heng outside China where as CRESCO will rely exclusively on De Heng for all matters concerning China. Mr. Zimin Ye, senior partner of the law firm, praised the cooperation with CRESCO as a big step forward into the international market.
CRESCO Legal expands to India
Dubai, 15 November, 2018
CRESCO Legal has made its entrance into the Indian subcontinent by opening an office in the Southern Indian metropolis of Hyderabad, the Silicon Valley of India. The office has around 40 fully qualified advocates covering all legal fields and sectors of trade and business.
All lawyers are accredited with the various Courts in Hyderabad and operative in both the litigation and advisory practice.
We are honoured to announce that the Head of CRESCO Legal India will represent the Sultanate of Oman in India.
Successful Inbound Trade Mission to the UAE
Dubai, 15 November, 2018
From November 11 to 15 Dubai was the host for the Inbound Trade Mission of the International Trade Council. The International Trade Council is a 64-year-old peak body Chamber of Commerce representing government export agencies, chambers of commerce and industry associations and businesses from 176 countries.
Mr. Michael Waechter, Chairmain of the CRESCO Group and Co-Chairperson of the ITC fro the UAE along with Sadiqa hosted a successful Inbound Trade Mission. The mission was very well received by CEOs of international organizations based in the UAE, as well as the participating delegates of the mission.
Successful visit of FIESP Delegation to Dubai
Dubai, 11 November, 2018
Sadiqa hosted a delegation of FIESP during their official visit to Dubai and the UAE. Fiesp, a Federation of Industries of the State of São Paulo, is responsible for 45% of brazilian industry GDP.
During the visit organized and sponsored by the Dubai Chamber of Commerce, delegates were able to learn about the business market, the business culture and how to penetrate the market in their respective industries and generate leads.
Successful event of China Offshore
Shanghai, 15 November, 2018
Hensley&Cook participated in the successful China Offshore Summit held at the Grand Kempinski Hotel in Shanghai, China. Thank you China Offshore for an interesting Conference.
Successful event of Eurojuris in Dubai
Dubai, 21 October, 2018
From October 18 to 20 Dubai was the host for the International Congress of Eurojuris and Asiajuris. Eurojuris is the leading network of independent law firms in Europe, with members based in 650 different cities/locations, representing about 600 law firms and 6 000 lawyers.
CRESCO Legal and Sadiqa were heavily involved in the preparation and the management of the event. The congress was a success and Mr. Michael Proksch, the Chairman of Eurojuris called the event “a role model for further events”.
Seychelles, 25 September, 2018
Hensley&Cook opens a new office in the Seychelles
Tuesday September 25 marks an important day in the history of Hensley&Cook: The company officially opened its office in the Seychelles with the blessing of the office and a ceremony attended by honoured guests from politics, financial authorities, industry and friends. The Seychelles are not only an excellent destination for holidays but thanks to their efficient and dynamic financial authorities became an important player in the world of corporate services.
Dubai, August 14, 2018
Hensley&Cook and CRESCO Accounting are now ISO certified
The offices of Hensley&Cook and CRESCO Accounting in Dubai, Cebu and the Seychelles are now compliant with ISO 9001:2015 (Quality Management System), ISO 10002:2018 (Customer Satisfaction and Complaints handling) and ISO 31000:2018 (Risk Management). We are happy, that we fulfil these demanding standards, and are sure, that it will help us to even better serve our existing and future clients.
Dubai, August 5, 2018
Mr. Alexander Chang-Sam new MD of Hensley&Cook
Mr. Alexander Chang-Sam was appointed as the new Managing Director of Hensley&Cook. Alexander Chang-Sam worked for several corporate service providers in the Seychelles and the UAE before joining Hensley&Cook more than a year ago. He is a trained anti-money-laundering officer and has a strong background in accounting. Mr. Chang-Sam was overseeing the start of Hensley&Cook in the Seychelles and helped the company in its expansion in China.
Dubai, August 5, 2018
Mr. Ramazan Galyamov to join family business
Mr. Ramazan Galyamov, managing director of Hensley&Cook decided to join his family’s business back in his hometown Kazan, Russia. He will leave Hensley&Cook by mid of August, but will stay connected with the company and the team, as he will help clients of Hensley&Cook that want to expand their business into Kazan, the capital of Tatarstan.
Mahe, July 2018
Hensley&Cook Seychelles now fully operational
On July 25 the Financial Service Authority of the Seychelles (FSA) visited the Hensley&Cook office in the Oceanic House in Providence, Mahe, and approved the set-up and the processes.
Hensley&Cook is now a FSA approved and fully operational company with an International Corporate Service License, an International Trustee Service License and a Foundation Service License.
Dubai, July 2018
CRESCO opens office in Cebu, Philippines
With the opening of the office in Cebu, CRESCO properly arrived in Asia. The Philippines with their high number of well qualified English speaking specialists are a great location for the office of CRESCO. The excellent attitude towards work combined with the good infrastructure in the Cebu IT Park make it an ideal starting point for the expansion in Asia.
Mr. Leonell Ang Tan, the branch manager of CRESCO Philippines, together with his team of accountants and software engineers will work in close cooperation with the other offices of CRESCO around the world.
Dubai, June 2018 CRESCOtec is now reseller of SAGE
The software company of CRESCO, CRESCOtec
, became official reseller of SAGE, an internationally renowned provider of ERP, CRM and accounting software solutions. This step allows CRESCOtec to even better serve its growing customer base in the UAE and the other GCC countries.
The increased pressure on companies in the GCC to optimise their processes and to reduce the cost of their operation in combination with the increased demand for accurate financial statements caused by the implementation of VAT creates an interesting business opportunity for the software solutions provided by SAGE.
Dubai, March 2018 CRESCO Legal to use Artificial Intelligence CRESCO Legal
is proud to announce, that it has closed an agreement with the UK based firm Luminance Technologies Ltd. for the use of their artificial intelligence powered software Luminance
. This makes CRESCO Legal the first law firm in the Middle East to embrace such a new technology to the benefit of its clients.
Luminance is the leading artificial intelligence platform for the legal profession. The revolutionary technology is founded on the latest breakthroughs in pattern recognition and machine intelligence.
CRESCO Legal is pleased to have found such a reputed software provider for its first implementation of artificial intelligence in the business processes. New products and services will be developed to allow clients to profit from the implementation of this new technology.
Dubai, February 2018 ITC names Co-Chairperson for UAE
The International Trade Council
announced that the board appointed Mr. Michael Waechter as Co-Chairpersons to the International Trade Council for the United Arab Emirates.
Michael Waechter will represent the ITC in the UAE and be in contact with the ITC members in the Emirates, among them companies like du (Emirates Integrated), UPS, Dubai Duty Free, Europcar and others.
Dubai, October 2017
The updated version of the “Vision 2020” for the CRESCO Group was published on the website of CRESCO Holding. The document was reviewed and adapted in an investor meeting in September 2017. The final wording was approved and put in action in October.
Investors can download the updated version of the Vision 2020 in the download area on the website. Please contact investor service in case of problems accessing the site.
Dubai, June 2017
Mr. Cesar Igarta was appointed as the new Chief Knowledge Officer (CKO) of CRESCO. Mr. Igarta will help to optimise the use of the knowledge available within the organisation and is responsible for managing the intellectual capital within CRESCO.
His task, among others, will be to maximise the effectiveness of knowledge sharing among the different companies and offices of the group.
Dubai, May 2017
Mr. Kent Tupas joined CRESCO as the new Chief Design Officer (CDO). Mr. Tupas has a solid background as graphic designer and designer of user interfaces for software. He is a studied IT specialist with focus on web applications and mobile apps.
Mr. Kent will be in charge of graphic design, user experience design, video communication and package design of the CRESCO companies.
Dubai, April 2017
CRESCO Legal opens office in the USA. The company has its principal office at Madison Avenue, New York.
The expansion to the USA is inline with the drive of CRESCO Legal to establish a strong international brand with representation in the main markets but with a focus on Asia.
The office in the USA closes a gap, where CRESCO Legal now covers Latin America through its office in Costa Rica and North America through its operation in the USA.
Dubai, March 2017
CRESCO Legal has now an office in Costa Rica: Mr. Adrian Obando and Mr. Alex Thompson with their team of lawyers joined the growing international network of CRESCO Legal.
The office in Costa Rica will cover the market in Latin America and adds a lot of expertise to CRESCO Legal, for example in Estate Planning, International Tax law and Commercial law.
Dubai, August 2016
CRESCO Legal expands its reach and opens a new subsidiary in Luzern, Switzerland. The new location allows the team of CRESCO Legal to be closer to the customers from Europe and to offer them an easier access to the services of the legal consulting company with head quarter in the UAE.
This new location has to be seen as part of an initiative that will provide CRESCO Legal with a strong international present, mainly in Asia.
Dubai, July 2016
Ms. Constanza Fernandez-Reyes was appointed as the new Head of Marketing and Social Media of CRESCO Holding.
Ms. Fernandez-Reyes holds a diploma in Social Media and is a consultant with Sadiqa FZE, the business consulting and expansion consulting company of CRESCO. She will lead a team that takes care of the communication on social media channels and coordinates the marketing activities within CRESCO.