DOING BUSINESS IN DUBAI

UAE MEANS BUSINESS

• Long recognized as the leading regional trading hub in
the Middle East, UAE has transformed itself in recent
years into a truly international business center of
global significance.

• Today, the UAE offers international companies an ideal

gateway for developing their business throughout the
Middle East, Asian subcontinent, East Africa, the
Eastern Mediterranean, CIS and Central Asia.
 UAE MEANS BUSINESS
• Increasingly, international companies are recognizing that
UAE's expanded business horizons cover many of the
emerging markets for the future.

• The region has a combined population of 4.04 million, and a

large proportion of this total will enter the international
consumer market for the first time in the 21st century.

• Manufacturing, tourism and services are all growing

strongly, helping to create a well balanced and diversified
economy.
 UAE: THE TAX FREE ENVIRONMENT
• No Corporate Tax
• No Income Tax
• 100% Ownership in Free Zones
• No foreign exchange controls, trade
barriers or quotas
• No restrictions on repatriation of
funds
• Strong investor incentives and
protections
• Easy access to key decision makers
 UAE: CONSISTENTLY STRONG ECONOMIC OUTLOOK

 GDP/Capita 74 billion among highest

in the world.

 Diversified economy - oil only

contributes <10% to GDP.

 Stable currency pegged to 1 US$ at

AED 3.67.

 Average Non-oil GDP growth of

11.6% per annum from 2000 to 2004.

 UAE: EASY ACCESS TO REGIONAL MARKETS

• Total region population of 4.04

million ($1.5 trillion of combined

GDP).

• Access to huge talent pool of 1.8

million skilled candidates.

• World-class land, sea and air cargo

infrastructure.
 UAE: THRIVING TOURIST DESTINATION
• Hotels rank amongst top in world
• Over 5.8 million tourists visited
Dubai in 2004
• World class restaurants, beaches
and tourist attractions
• Internationally renowned sports
facilities including golf, tennis, water
sports, horse riding, dune driving
and sand skiing
 UAE: COSMOPOLITAN WORK ENVIRONMENT

Over 160 nationalities

More than 75% of UAE

population are expatriates

World-class international

schools
 UAE: ISLAND OF CALM IN A
TURBULENT REGION

• Stable economy with

relatively low volatility
• Continuous political
stability since its
inception in 1971
 Dubai: THE BEST CONNECTED LOCATION IN THE REGION
 Ultra modern airport handling 22.5 million

passengers in 2004 connecting to over 180

destinations

 Over 1.30 million tons of air cargo handled in 2004

 325 shipping lines with147 million tons of cargo

handled by Dubai 's world class ports in 2004

 The construction of the Jebel Ali Airport City

project has began and it will cover 140 square kms

and will include an airport and several smaller

cities.
 Dubai: Leisure Capital
A bevy of recently announced tourism projects seek to
develop UAE into a luxury destination that rivals Monaco.
These include Madinat Jumeirah, a giant Palm Island, a
Palm-tree shaped resort island, to be built on land reclaimed
from the sea, will be only the second man-made feature to
be visible from the moon. The Palm Island will
accommodate 2,000 villas, 40 luxury hotels and massive
shopping complexes.

UAE perhaps has more world-class hotels per square mile

than any other city. It is home to Burj Al Arab the world's
tallest and only seven-star hotel. The Burj is unlike any other
hotel in the world, having been built on a man-made island,
more than a kilometer away from the coast.
 DUBAI: THE MOST PROFESSIONAL
BUSINESS ATTITUDE

• Dubai believes that “if it’s good for business,

it’s good for Dubai ”

• 139 of the G500 MNCs are in Dubai , 9 out of

top 10 present in Dubai.

• Robust economic clusters including technology

and internet hub, media hub, finance hub and

healthcare hub.

• World class free zones.

 DIFFERENT CATEGORIES OF COMPANIES

1. General partnership company

2. Partnership-en-commendam
3. Joint venture company
4. Public shareholding company
5. Private shareholding company
6. Limited liability company
7. Share partnership company

Professional firms
Branch office of a foreign company
Representative office of a foreign company
 TYPES OF LICENSES
 Commercial License
For trading, construction, maintenance etc..
Professional

Lawyers, accountants, consultants etc..

Tourism
Industrial

Factories, manufacturing
and assembling units etc..
 FREE TRADE ZONES IN UAE
Tax Incentives
 100% Corporate tax exemption
 100% Import & Export Tax exemption
 100% Personal Income Tax exemption

Investment Incentives
 100% Foreign company ownership
 100% Repatriation of capital and profits
 Access to over 1.5 b. consumers with rapidly increasing demand
 Abundant and inexpensive energy
 Easy availability of inexpensive workforce

Competitive Advantages
 'One-stop-shop' Administration services
 On-site customers inspection
 Companies at Free Zone can operate 24 hours a day
MAJOR FREE ZONES
 Dubai Air port Free Zone
 DUCAMZ
 Dubai Internet City
 Dubai Media City
 Dubai Health Care City
 Dubai Multi Commodities Centre
 Gold and Diamond Park
 Jebel Ali Free Zone
 Knowledge Village
 Fujairah Free Zone
 Hamriyah Free Zone
 Ras Al Khaimah FTZ
 Ajman Free Zone
 Sharjah Airport Int’l Free Zone
 UP COMING FREE ZONES
• Dubai Aid City
• Dubai Silicon Oasis
• Dubai Carpet FZ
• Mohammad Bin Rashid FZ
• Dubai Auto Parts City FZ
• Dubai Textile Village FZ
• Heavy Eqpt. & Trucks FZ
• Dubai Flower Center FZ
• Dubai Studio City FZ
• eHosting DataFort FZ
• Int’l Media Production Zone
• Samacom FZ
• DuBiotech FZ
 THE CONCEPT OF OFFSHORE
 Some of the principle uses for going offshore are: Trading,
Investment, Holding, Financing, Professional services or consultancy,
Patent, royalty and copyright holding, Ship management and yacht
owning Personal and corporate tax planning.

 We can assist with the registration of International Business

Companies (IBCs) or trusts in the major offshore jurisdictions. Our
expertise in the British Virgin Islands (BVI) and abroad can help you in
optimizing your bottom line.

 The Jebel Ali Free Zone Authority (JAFZA) introduced regulations in

2003 for the establishment of Jebel Ali Free Zone Offshore Companies.
The international business community can now establish offshore
entities at JAFZA in line with other international offshore jurisdictions.
Regulations were framed in a manner so as to deliver the convenience
and efficiency of global offshore locations and maintain a high repute
with international financial authorities.

 We are also a registered agent with JAFZA offshore companies.

 OUR SERVICE COMPILES OF THE FOLLOWING ASSISTANCE:

• Complete Documentation to obtain the license

• Preparation of Business plan
• Feasibility study
• Visiting various sites for the requirements of the
clients (on the request of the client)
• Locating the space as per the clients requirements
• Coordinating between the investor and the
Government authorities
• Arranging accommodation for the investor if need
(accommodation charges to be paid by the client).
The name HLB-HAMT stands for an extensive,
competent and innovative client support services in all
areas of auditing, accounting and business advisory
services. Since the founding of our firm, we have been
known for a consistent, flexible and personal
consultation for our clientele. We are committed to
provide the best audit & accounting services possible on
a timely basis with personal service to each client,
helping them with their plans and being available to help
and solve simple as well as complex problems.
Consultancy
Corporate finance
Feasibility study
Business plan
Business valuation
Due diligence

Company formation
Limited Liability Companies
Branch office
Representative office
Free Zone Companies
Offshore companies
Company Amalgamation
Company liquidation
Contact Details

HLB Hamt Charted Accountants

#106 & #208 Al Nayali Building
Abu hail Road, P.O. Box: 32665
Dubai - United Arab Emirates
Mob: +971509330152
Ph: +971 4 2627147
Fax: +971 4 2627148
Email: davis@hlbhamt.com
Web site: www.hlbhamt.com