A&A Associate LLC Dubai Company Profile

1. A&AASSOCIATELLC WelcomeIsrael tothelandofendlesspossibilities Innovativebeginningwithgreatexpertise www.aaconsultancy.ae

2. 17 20 23 26 28 31 33 35 37 42 44 46 48 01 02 WhoWeAre UAETravel:Mythsv/sTruths BusinessSetup,AccountingServices, AuditandAssuranceServices Israel-UAEpartnershippotential UnlockingUAE LegalAdvisory,TaxationServices, EconomicSubstanceRegulations 03 SharjahMediaCity(SHAMS) Contents RiskAssuranceandManagement, CorporateFinance 04 RasAlKhaimahEconomicZone(RAKEZ) InternationalFreeZoneAuthority-Dubai 05 06 07 08 09 Payroll JebelAliFreeZone(JAFZ) FeasibilityStudies DubaiMultiCommoditiesCentre(DMCC) DueDiligence DubaiSouth MergersandAcquisition, CFOServices,IFRSAdvisoryServices DubaiWorldTradeCentre(DWTC) IntellectualPropertyServices, Visa&PROServices,LiquidationServices MainlandCompanyFormationDubai JebelAliOffshore 11 14 AboutUAE RasAlKhaimahInternationalCompanies BigBenefitsforUAEBusinessSet-Up

3. WhyA&AAssociate? WhoWeAre? A &A Associate is a Dubai based firm of Chartered Accountants, Lawyers and Consultants. We provide a wholerangeoflegal,auditing,accountingand management consulting solutions to meet all your business needsunderone roof. Wehaveafast-growingteamofqualified&dedicated professionalswithinnovativeandcommercial approachtomeettoday’shighlychallengingbusiness environment. We followInternational Standardsin Auditing and Accounting and prepare reports based on International Financial Reporting Standards (IFRS)and GAAP. Our expertise extends to the fields of VAT and Tax Advisory as well. Our dedicated team of legal, managementandauditingprofessionalsprovide qualityservicesinanefficientandtimelymanner.Our clientshave been benefitted by our timely and relevant guidance in the field of implementation and compliance of taxesand has resulted in effective taxplanningfortheirbusinesses. Clientoriented-we focus onclients assuringlong-termsupport. Culture of integrity–weensure strong work ethicsandhonest relationshipwithclients. Expertise–dedicatedandhighlyqualifiedandprofessional teamtosuityourbusinessneeds. Flexible–flexibletoadaptwithever-changingclient’sbusiness goals andobjectives. Communication–greatcommunicationtoconnectwithyour business needs! A&Aassociateprovidescompletepartnershipintakingyour businesstothenextlevelinMiddleEast! 15+ YearsofExperience 2500+ Customers 5000+ AuditsCompleted 50+ DedicatedTeam 01www.aaconsultancy.ae

4. OurServices Include BusinessSetup AccountingServices AuditandAssuranceServices CompanyformationinMainland, FreeZonesandOffshorejurisdictions. Share Transfer,ChangeofName,Change ofCapitalandrelatedamendments. BusinessCentre. BookkeepingandPreparation ofMISReports. InventoryAccounting. BudgetingandCosting. ProjectionandForecasts. ExternalAudit. InternalAudit. SpecialPurposeAudit. AgreedUponProcedures(AUPs). StockAuditandValuation. 02www.aaconsultancy.ae

5. OurServicesInclude LegalAdvisory MarketEntryStrategy. CorporateStructuring. DraftingalltypesofAgreements,MOUs,Resolutions, PowerofAttorneyetc. VettingofAgreementsandMOUs. LegalOpinionsandConsulting. TaxationServices VATRegistration,AmendmentandDeregistrationServices. VATImplementationServices. VATFilingServices. EconomicSubstanceRegulations RegistrationwiththerelevantauthoritiesforESR. Submissionofrelatedreportstotheauthorities. Compliancewiththeregulations. 03www.aaconsultancy.ae

6. OurServicesInclude RiskAssuranceandManagement IdentificationandAnalysisofRisks. Enterprise Risk ManagementSolutions. Anti-MoneyLaunderingCompliance. ModelRiskManagement. CorporateFinance BusinessValuation. BusinessRestructuring. FinancialModelling. CashFlowAnalysis. 04www.aaconsultancy.ae

7. OurServicesInclude Payroll Recording and maintaining payroll related information. Processingofsalaries,bonuses,overtimes,incentives,etc. Preparationofpay-slipsfortheemployees. Preparationofsalarytransferletterstothebank. Managementofleavesystem. Management of travel expenses of the employees. Assistanceinthecalculationofend-of-servicebenefits. Notificationofdocumentsthatareexpiring. Ensuringcompletelocalcompliance. 05www.aaconsultancy.ae

8. OurServicesInclude FeasibilityStudies Assessmentofthepracticalityofaproposedprojectorsystem. Toobjectivelyandrationallyuncoverthestrengthsandweaknesses andidentifyopportunitiesandthreatstoanexistingbusinessorproposedventure. Toanalysethe resources requiredtocarrythrough,andultimatelytheprospectsforsuccess. 06www.aaconsultancy.ae

9. OurServicesInclude DueDiligence Examinationoffinancialrecordspriortoenteringintoaproposedtransactionwithanotherparty. Aninvestigationofcurrentpracticesofprocessandpolicies. Anexaminationaimingtomakeanacquisitiondecision via theprinciplesofvaluationandshareholdervalueanalysis. Areasonableinvestigationfocusingonmaterialfuturematters. Toconfirmandverifyinformationthatwasbroughtupduringthedealorinvestment process. Toidentifypotentialdefectsinthedealorinvestmentopportunityandthusavoidbadbusinesstransactions. 07www.aaconsultancy.ae

10. OurServicesInclude MergersandAcquisition Verificationoftheinformationexchangedbetweentheparties. Ensuringthatthegovernanceandriskmanagementpolicies are adheredto. PositionoftheCompanybeingconsideredforamerger/acquisitionandthe prospectiveoutcomesofthemerger/acquisition. Assistanceinthenegotiationofpricing. CFOServices Weprovidepart-timeCFOservices,therebyassistingthecompanytohandle thefinancialaspectsofitsbusiness. Toimplementcost-cuttingmeasuresandidentifyareasthatwill increaserevenue. Toforecastandbudgetfortheupcomingperiods. IFRSAdvisoryServices AssistanceinunderstandingtheIFRSstandardsanditsrequirements. Support in the implementation of standards with regard to the field of finance and accounting. ProvidingupdatesontheIFRSsothatyoucankeepupwiththechangingtrendsandguidelines. 08www.aaconsultancy.ae

11. OurServicesInclude IntellectualPropertyServices TrademarkRegistration TransferofownershipoftrademarkinentireGCC Amendments Visa & PROServices InvestorVisas Employeevisas Dependantvisas Property&Goldenvisas PROservicesrelatedtolabour,immigration,companyformation LiquidationServices VoluntaryLiquidationprocess LiquidationReport 09www.aaconsultancy.ae

12. Happy Customers Weourcustomers

13. AboutUAE UAEisafederationofsevenEmirateswiththeirown specificrulesandregulations.EachEmirate has itsownuniqueeconomicfeatures for business. UAE has become an international business centre for banking, commerce, manufacturing, modern logistics, etc. Foreign investorsandentrepreneursconsiderUAEasan attractivebusinesspointprovidingplenty ofprofit forinvestors. Flourishingeconomy UAE has the most liberal trade regime in Gulf. The country has an open economy with surplus annual trade and high per capita income. Companies from all over the world prefer UAE for its business excellence and open offshore companies which have led to a huge inflow of foreign capital.UAEishome to several start-upsandmulti-milliondollar companies. Legalframework UAE government has a supportive legal framework for foreign investors. The government has revised their legal framework for investors who are willing to start their business. The legal procedures are fast-tracked with minimal or no-paperwork to complete the licensing and registrationprocedure. Infrastructureandamenities The government has come up with well-maintained infrastructure and perfect amenities that absolutely bring in no troubles in running their business. Get world class infrastructure in terms ofofficespaces,warehousing,utilities,andconnectivity. 11www.aaconsultancy.ae

14. Taxexemptions UAEgovernmentoffersminimumtaxestomanage!MostofthefreezonesinUAE assure100%taxexemptionslike 0% corporateandpersonalincometax.Thisallows yourbusinessprofitstobesecureandincreasingdaybyday! Strategiclocation Location holds the true essence of your business setup. UAE has a strategic location between the continents Asia, Africa, and Europe. The country is connected with 1000 weekly flights and provides easy access to GCC as well as entire Middle East. UAE has China and India on one side, which is the source of raw materials andtradingopportunities.Ontheotherside,Europeisamajortradepartner. Cultureandheritage AlthoughArabicistheirofficiallanguage,Englishis spokeninmostofthebusiness rooms.UAEprovidesahospitableandsafeworkenvironment foremployees. Businessownership Accordingtotheforeigndirectinvestmentlaws, investorscanhaveupto49%ofthe business share and local partner should have 51%of the company share. Under company formationinUAE,foreignbusinessowners enjoy100%business ownership. UAEbusinessenvironmentisrankedasoneofthefavorableworkplaceintheentire GCC region. UAE, in fact is ahead of other European nations as well. The conditions standfavorable for doingbusinessintheUAEmainland. 29www.aaconsultancy.ae 12

15. Manpoweravailability UAE is surplus with a flock of skilled employees. It’s a great place for people who look for job from all over the world. So, business owners or entrepreneurs need not worry about manpower to run their businesses in UAE. Since the taxes are low and wages arehigh,it’safavorablespace for bothemployees andemployers. MajorUAEcitiesthatassuregreatworkenvironmentforyour innovativeventures, Dubaiisacosmopolitancitywithinternationaltravelersandendlessopportunitiesto expandyourbusiness. Abu Dhabi ishome to one of the most-planned and well-organized business centre inUAE. Sharjah freezoneisapremierdestination forforeigninvestors. Jebel Ali has some of the attractive features like office spaces, business parks, etc. Fujairah is an upcoming free zone which has attractive shipping and transport companiesfromalloverthe world. Now, are you excited to start your own venture in UAE? Then, get the right business idea and get in touch with A &A associates for successful business set up in your preferred region. UAE is a perfect platform for creating international business, regardless of the businessactivity,type,andsize.Startyourbusinessandget accesstotheworld’smost profitableeconomy! 13www.aaconsultancy.ae

16. BigBenefitsforUAEBusinessSet-Up FreezoneshavemultipleadvantagesforIsraeliinterests have successfullysetupbusinessintheUAE. Today, the UAE has close to 50 free zones and many caterto specialisedsectorsincluding butnotlimitedto:trade,industry, energyand renewableenergy,exportsandre-exports, mediaandmediacommunications,metals andcommodities,finance,healthcare,and Information and Communications Technology (ICT). The newest UAE free zones are Sharjah MediaCity(SHAMS)andIFZADubai. ByA&AConsultancyEditorialTeam On the heels of the Abraham Accord, as Israeli individuals and institutions weigh optionsforbusinesssetupsinDubaiortheUAE,onethingfirmlytiltsthebalancein theirfavour–freezones. CompanyregistrationinDubaioranywhereinthe UAE is easier, simpler, and faster at a free zone, thanoutsideone.Thesedesignatedeconomic zones also enable 100% foreign ownership of companies, making them the go-to licensing optionfor Israeliinvestors. Triedandtestedformula The United Arab Emirates (UAE) has a long history of establishing free zones to attract foreign investment and local business. In 1985,when Jebel Ali Free Zone Authority(JAFZA)openedasthefirstfreezoneinthecountry–andthewiderregion – it was a small operation catering to only 19companies. A decade later, the drive towardsexcellencesawitbecomingthefirstfreezonetobeawarded ISO certification. Unusualanduniquefeatures Incorporating the principles and best practices of free trade, UAE free zones help stimulate tradeandinvestment,andfacilitatethe The JAFZA success story became a blueprint for the launch of several free zones acrossthecountry,eachofferingstrategicbenefitsandbusiness advantages. Collectively,theyarehometomanythousandsofindividualsandinstitutionswho 14www.aaconsultancy.ae

17. transfer of skills, knowledge and technology. The astounding number of international firms located at these free zones bear testament to this ongoing successstory. Builtforbetterbusiness A singularly unique offering is the easy access to more than 2 billion consumers inmultiplemarketslocatedwithina4hourflight. Those whoareinterestedinsettingupbusinessinDubaioranywhereintheUAE standtobenefitinmanyotherwaysbybeingbasedata free zone–anywherein thecountry. For instance, when Sharjah Airport International Free Zone (SAIF) saw that the prospect of lengthy, bureaucratic procedures wasdaunting to potential investors, the authorities launcheda 24-hour licensing service which enables newentrantstosetupabusinessintheUAEalmostinstantly.AlsoaSharjahfree zone, the Hamriyah Free Zone Authority (HFZA) offers huge industrial and commercial plots running into several thousand square feet, and infrastructure specificallydesigned to facilitateimportandre-export. The fundamental premise of a free zone is that it makes it much easier for businesses to conduct business. IncorporatingacompanyintheUAEor getting a new business licence can sound like a longandcomplicatedprocess,butitissimply not.Mostprocessesaresimplified,and everything isdesigned to attract international investors,andhelpthembuilduptheirbusiness. Inthecapital,KhalifaIndustrialZoneAbuDhabi(KIZAD),asubsidiaryofAbuDhabi Ports, recently announced anew UAE business set-up package to support entrepreneurs,costing an extremelyaffordableUSD 2,500(ILS 8,400). ThewideandvariedchoiceofUAEfreezonesoffer 100%foreignownership,withnorequirementsof localsponsorsorserviceagents.Business ownerscanalsoenjoy100%repatriation of revenuesandprofits,and100%transferoffunds. Dubai’sfreezones,thelargestnumberinthecountry,includessomeoutstanding performers.AsterlingexampleistheDubaiInternationalFinancialCentre(DIFC), which was established in 2004 and is now seen as one of the world’s leading financial centres. Earlier this year, DIFC wasranked 12thin the world by the GlobalFinancialCentresIndex,aheadofFrankfurt,Zurich,Chicagoand Moreimportantly,thereisatime-boundwaiver ofallcorporatetaxesaswellas import andexport Luxembourg. taxes,and anexemptionfromallpersonal taxes. 15www.aaconsultancy.ae

18. ManyofthelargerUAEfreezoneshavetheirown lawsandcourtsbasedon bothEnglishand commonlaw,sittingalongside thecountry’s ‘onshore’environmentwhichhasalsomodernised in recentyears. many dozen contented clients on our roster, our teams continue to offer personalised and professional service to international investors who are interested in incorporating anew company in the UAE. As a national business set-up consultancy based in Dubai, we work closely with UAE free zoneslocatedacrossthecountry. Be it identifying the right specialty or location, creating compelling value propositions, processing paperwork, complying with regulations, and even fulfilling unusual requests related to UAE company formation, we are happy to serve–and deliver highsatisfaction. Efficientandexpertassistance For Israeli firms with an interest in setting up business in Dubai or other emirates in the UAE (either a small office or full-scale operations), a freezoneisthesurestroutetosuccess. New company formation in the UAEiseasier, simpler, and faster at a free zone, than outside one.Documentationismoresimplified,and recruitment and workforce processes are faster and cheaperthanonshoreoptions.Most free zoneauthoritiesalsoextendsupportfor ancillary servicessuchaslegal, medical,labour,and immigrationprocesses. Options in space, style, tenure, and budget are almostunlimited–fromindividualfreelance permits to international branch office licences, and from shared desk space on a 1-year contract to industrial warehouse leasingfor up to25years. Andfinally,withmanyyearsofexperienceand 16www.aaconsultancy.ae

19. UAETravel:Mythsv/sTruths ToptipsforIsraelivisitorstoDubaiandtherestofthecountry First-time travellers from Israel to UAE should bemindfulandprudentaboutindecentexposure andinadequateclothing,torespectlocal culture.Many shopping mallsdisplaysigns aboutmodestdressing,and mostbeaches permitswimwear, subject totimingsand applicable rules. The only restrictions are at placesofreligiousinterest(ex.visitinga mosque),wheremodestgarments anda temporaryveilareobligatory. ByA&AConsultancyEditorialTeam AstheskiesopenupandairlinesgetreadyforregularflightsandtravelfromIsraelto theUAE,thesepointerswillleadtoaperfectexperience. Everypersonisrich Residentshavedifferentsocio-economic backgrounds Itistruethatsomeoftherichestpeopleinthe regionliveintheUAE,but it issimplynottrue thateverypersonhereisrich. WisdomfromUAEveterans Womenmustbefullycovered. Allwomenweartheirown personal choicesinclothing. The biggest myth about travel to Dubai or other parts of the UAE is also the falsest. It is not required for ladies to wear a veil, cover themselves from head to toe, or don theabaya. However,theUAEisveryculturallyandethnically rich, with closeto 200 nationalities. Justas thereareuber-wealthypeople whocallit home, therearealsomiddle classfamilies, singlepeopleandbluecollarworkersfrom When travelling around the UAE, female residents, tourists, and corporate visitors candressintheirpersonalchoiceofattire–business,casual,nationaldress,Western wear,oramix.Thisisalso trueforbusinesstravellersandwomenattendingevents. 17www.aaconsultancy.ae

20. with almost 50 children. The UAE’s first kosher restaurant (Glatt Kosher restaurant, Armani/KAF is now open in Dubai, at the world’s tallest building Burj Khalifa. Israeli visitors to UAE will also rejoice when a new synagogue opens in Abu Dhabi in 2022, aspartofthemulti-faithAbrahamFamilyHouse. aroundtheworld.Anotherhighlightof travelling around the UAE is that it is one of theworld’ssafestcountries,andforfussy travellers,somehotelshavefemale-onlyfloors orall-femalestaff. Freedom of worship is fully intact in the country – as vouched by all those who live here and practice their faiths in peace, and as will be experienced when travelling aroundtheUAE.The only crimeis todisrespect ordishonour any religion. Irrespective of their social or financial status, nationality or ethnicity, Israeli visitors to the UAEwillfindresidents to beniceandnormal. Itisdifficulttopractice religion. Thereisfullfreedomofworshipfor residentsandvisitors. TheUAEis aMuslim country but itsdoors havestayedopenformanydecadestopeople ofdifferent faiths and religions.Israeli travellers to the UAE will see mosques, and many other places of worship including Christian churches ofdifferentdenominations,templesfor HindusandJains,andgurudwarasforSikhs. Alcoholisstrictlyprohibited. Drinkingisallowedacrossthecountry,butdrugsarenottolerated. Some Israeli travellers to the UAE fear they will not be able to enjoy a glass of wine after a long day of meetings. These fears are unfounded, especially after a recent ruling. The UAE has many hotels, restaurants, pubs, and clubs, and purchasing alcohol was permitted at most of them. Residents with government-issued licences were also allowedtopurchaseandconsumealcoholfreely.Now,consumptionandpossession of alcohol for everyone above the age of 21is allowed across the country. Muslim residentsarealsopermittedtodrinkalcohol,withoutfearofpenalties. A top travel tip for Dubai is its recent Jewish slant. The Dubai Synagogue, operated by the JewishCounciloftheEmirates(JCE)isa welcoming spacefor residents and visitors. Knownas‘TheVilla’,thefacilitiesinclude roomsforvisitors.TheJewishCommunity CentreoftheUAE(JCC)runsaTalmudTorah The singlemostimportantUAEtraveltipistorememberthatthecountryhasazero tolerance policy to any type of drugs. It is important to carry necessary paperwork forprescriptiondrugs. 18www.aaconsultancy.ae

21. Theweatherisunbearable. Myriadactivitiesatmultiplevenuesmakeit unnoticeable. Admittedly, summers can be a bit harsh with temperaturesoccasionallyrisingupto 500C, but most facilities are prepped and preparedtoprovidemaximumcomfort. Desertcitiesareboring. Thereissomuchtosee,do,eat,buy,visit,exploreandexperience. TheUAE mayexistinthemiddleofthedesertbutDubai,AbuDhabiandSharjah are very atypical desert cities. In fact, Ras Al Khaimah is in the mountains and Fujairahoffersdeep-seadiving. ItisasillyUAEtravelmyththat it will beboring.Dottingthenationarehistorical sites,shopping and entertainment destinations, sportsvenues,and cultural experiences. Israelis travelling to Dubai or other parts of the UAE can enjoy many activities, even on thehottestdays.Thecountryhasmany indoor theme parks, indoor activity centres, andwaterparks,alongsidesophisticated infrastructure thatincludestemperature controls. TheUAEalsohasan astounding number of temperature-controlled shopping malls, leisure centres, and multiple avenues for indoorrecreation. With beaches, mountains, museums, man-made islands, underwater hotel rooms, indoor skiing, race tracks, international concerts and events, and a staggering choice of global cuisines – it will be hard for most Israeli visitors to Dubai or Abu Dhabito believewheretheyare. AskUs Asaspecialist business set-up company, our teams have been welcoming hundredsofinternationalbusinesstravellersandcorporatevisitorstooursunny shores.WearereadyforIsraelivisitorstoDubai andtherestoftheUAE. Doyouhaveplansto While July and August are a tad too hot for UAE travellers to enjoy the country fully, the restof the yearisrelatively pleasant. The monthsbetweenOctoberandMarchsee some of the world’s most famous events, and are ideal to experience avariety of outdoor activities. IncorporateacompanyinDubai? SetupabusinessinSharjah? OpenanewofficeinAbuDhabi? GetabusinesslicenceintheUAE? Wewillbehappytoansweryourquestionsandarrangeyourbusinessvisitto theUAE. 19www.aaconsultancy.ae

22. Israel-UAEpartnershippotential Smallstepstobigsuccess relationscanreachtrulyunimaginableheights. Specialistswithsimplifiedsolutions Hereis aquickguidetopotentialIsraeli opportunitiesin the UAE– matched by the promiseofidealfreezones. Renewableenergies,lifesciences,sustainability Home to a broad collection of start-ups, small firmsandgiantcompanies,MasdarCityFreeZone is a thriving business community at one of the world’s most sustainable urban developments, with almost 350 licencing segments under oil and gas, energy, technology and sustainability. Masdarisstrategically locatedbetween AbuDhabiandDubai. ByA&AConsultancyEditorialTeam Bilateralrelationsbetweenthetwonationshavevastandwidepotential,but businessopportunityhastomatchedwithmarketinformation. Enough cannot be said about the many, multiple, and magnificent business opportunities that arise from the new relations between UAE and Israel. Success is a surety for Israeli-UAE business partnerships in sectors as diverse as solar energy andagri-tech,healthcareandcyber-security,butwhere should first stepsbegin? Dubai SciencePark servesthe entire value chainofthescienceandlifesciencessectors– professionals,entrepreneursandenterprises– with offices, laboratories and research facilities. DSPalsoattractsmanycleanenergyand environmentaltechnology companies. The freedom to do business in the UAE is best represented by its nearly 50 free zones. For many individuals, investors, small start-ups and giant corporations from around the world, setting up a company, a business partnership, or a trade licence intheUAEstartsatafreezone. Aidedbyprofessional advice, market expertise. andhands-onassistance,Israel-UAE 20www.aaconsultancy.ae

23. Manufacturingandproduction Sharjah has open door policies and simple incorporationprocessesforinternational investors.Highlydiversifiedthrough manufacturing, production and services, it is one of the most dynamic and sustainable economiesintheMiddleEast.Sharjahisalso the only emirate with seaports on the East and Westcoasts. accessto3seaports,a14-metre-deepwaterport,and12squarekilometresof prime industrialandcommercialland. Dubai Logistics City is positioned to serve a wide range of transportation, logistics, and value-added operationswhileDubai Aviation Citywillhostlight aviation manufacturing andassociatedindustries. Asaresultofthese strategic advantages, morethan54,000smallandmedium enterprises (SMEs) are based in Sharjah’s 6 successfulfreezones,alongsidemuchlarger firms. IdentifytheidealUAEfreezone Technologyandinnovation Israel’sreputationas‘start-upnation’andUAE’sas‘scale-upnation’isanaptly matchedcombinationfor many UAE-Israelbusinesspartnerships. Trade,logistics,industry In Abu Dhabi, the Khalifa Port Free Trade Zone is billed as a ‘next-generation platform’ fortrade,logisticsandmanufacturing. The UAE’s twin focus on pursuing innovation and attracting high tech companies is visible through various innovation and technology funds. Many UAE free zones, especiallyDubai Silicon Oasisand Dubai Internet City,provide fullstart-up ecosystemswithregulatorysandboxesandincubationcentres. Metals,diamonds,commodities The Dubai Multi Commodities Centre offers unique business opportunities in a wide range of metals and commodities industries, with superior facilities like the Dubai Diamond Exchange and the Dubai Gold and Commodities Exchange, and trading facilities for several commodities. DMCC also links together key international playerswithsupportstructures including finance,logisticsandinsurance. In Ras Al Khaimah, the RAKEZ free zone is dividedintospecialisedzones,catering specificallytotrading,logistics,manufacturing, consultancyservicesandindustrialprojects. Sharjah’sHamriyahFreeZoneoffersinvestors 21www.aaconsultancy.ae

24. Commercialandindustrialservices Post pandemic, business travel between Israel and UAE will increase, and collectively improve reach to a wider market audience. Likewise, Dubai’sstatureasaglobaltouristhubandthecountry’sstatusasabridgebetweenEastandWestwillopennewbusiness opportunitiesforUAEandIsrael. Dubai Airport Free Zone is an ideal location for high-tech and IT products, light industry, and activities related to the aviation industry. Anewfreezone,IFZADubaiprovidesinvestorsandbusinessestheplatformsandinfrastructurenecessaryforsuccess,alongwith aknowledgehubfortheexchangeofskillsandexpertise. Note:Thislistisonlyindicativeandnotexhaustive Inpracticalterms,theabilityfor Israeli individualsandinstitutionstoestablishapresenceinthe UAE,orteamupwithcounterparts onjointventures,isaboonforbothsetsofpartners. While Israeli firms can easily expand into the Gulf region, Emirati entities can extend their own networks.Collaboration is the key. Innovationistheengine. Properly structured arrangements in a carefully chosen free zone is a winning route-to-market that has been adopted by international investorsfor many years.ItwillproveequallysuccessfulforallIsrael-UAEbusinesspartnerships. Our teams have been helping entrepreneurs start their journey (professional and commercial licences). We also help enterprises establish or expand their operations (free zone company/establishment, branch of foreign/UAE company, regional headquarters, limitedliabilitycompany/partnership). From identifying the right licence and location, creating value propositions, processing paperwork, and complying with rules and regulations,weare happy toserve–anddeliverhighsatisfaction. 22www.aaconsultancy.ae

25. UnlockingUAE Israeltradepotential OneofthesignificantcomponentsofUAEIsrael dealistheenhancedsecuritycooperation againstregionalthreats,especiallyfrom Iran and its proxies. It’s evident that UAE and Israel have security ties, but agreement brings them intoopen. WhysigntheUAEIsraelpactnow? UAEandIsraelhavebeen inchingtoward normalizationsinceyears.Israelopeneda diplomaticofficein Abu Dhabi tiedtothe Internationalrenewableenergyagencyin 2015.Most of the senior Israeli officials have visited the office and athelets have participa- ted in the regional competitions in the UAE. Similarly,IsraelisallsettoparticipateinDubai World Expo 2020, which is now rescheduled to October 2021 due to the Corona pandemic. The urge for agreement began when Israel didn’t startthe processof annexing West Bank territory asindicated by Netanyahu. Emirates promised to ensure full normaliza- tionofrelationsifannexationwastakenoff ByA&AConsultancyEditorialTeam UAE and Israel announced that they would normalize the diplomatic relations in a dealbrokeredbyWashington.UAEIsraelrelationsfocusoncapitalizingsplendideconomic opportunitiesandboththecountrieshavemadenecessaryeffortinnormalizingrelations forthepastfewmonths,sincethehistoricdealwassigned. After the UAE Israel agreement, number of Israeli and Emirati businesses has signed their deals. “Within five years of trade, the UAE Israel trade potential is expected to cross over $4 billion”, a statement according to the Israeli Intelligence MinisterEliCohen. WhatisrequiredunderthelatestUAEIsraelpeaceagreement? The agreement promises to establish normal relationship between the two countries. The normalization includes business relations, direct flights, scientific co-operation,tourism,andlotmoreservices. 23www.aaconsultancy.ae

26. the table.The subtext was published in the Israel’s largest news paper, portraying Israel’s strong desire to widen the country’s formal diplomatic relation with Arab nations or the Middle East. Seizing upon the Emirati signaling, Donald JTrump oversaw the three-waydiplomacyandthatwasresultedintheUAEIsraelpactor Abraham Accord. ImpactofUAEIsraeldeal The impact of UAE Israel agreement demonstrates a clear commitment to further diplomatic and commercial relations. In a commercial viewpoint, the deal to cooperate in economic advancement of the Middle East is expected to create numerous and wide-ranging opportunities.TheUAE-Israelpactexplicitlyreferseveralareaswherecountriesintendtocooperateandtheareasinclude, Tourism,Sport&Culture Agriculture&FoodSecurity Finance&Investment LegalCooperation Innovation, Trade & EconomicRelations CivilAviation Healthcare Environment Energy 24www.aaconsultancy.ae

27. SomeofthepositivedevelopmentsseenaftertheUAEIsraelpeaceagreement,SomeofthepositivedevelopmentsseenaftertheUAEIsraelpeaceagreement, Openingofcommunicationchannelbetweentwocountries. Commencement of regular flight schedule between two countries. StepsforopeninganUAEembassyinIsrael. Bilateral agreement that provide protections and incentives for people who makeinvestmentineachother’scountries. Announcement that government-owned Abu Dhabi investment office will openitsofficeoutsideUAEinTelAviv. Announcedanestablishmentofregionaldevelopmentfundwiththepurpose of promoting private sector led investment. The UAE Israel deal will bolster potential trade by enabling strategic infrastructure projects and increase energythroughreliableaccesstoelectricity. UAEIsraeltradepotential–conclusion UAE has wellestablishedbusinesseswithaforeigninvestorfriendlyenvironment.It has a favorable tax regime for both small and large investors. Now, with the help ofthisagreement,several Israelibusinessesandinvestorswillbelookingforward tosetuporexpandtheiroperationsintheUAE. The UAE Israel trade synergies are expected to provide promising development opportunities for the future. The pact enhances economic trade and diplomatic cooperation in both the countries. With several other announcements and bilateral agreements, the international market is eagerly awaiting for further information onboththecountries.Thecombinedstrategysupportbusinesssectorsproviding bettertrade environment forinvestors! 25www.aaconsultancy.ae

28. SharjahMediaCity(SHAMS) TheCity,whichaimstobecomearegionalmediahub,wasestablished in January 2016 by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah by virtue of EmiridecreeNo.10of 2016. SharjahMediaCityislocatedintheemirate of Sharjah which is seen as the cultural capital of the UAE. Shams launched in 2017 with a vision to be a world-class hub for media and creativityin the region. Shams mission istomake creative entrepreneurship accessibleand inspirebusinessgrowth in the region. The Shams community fosters avibrant ecosystem for innovationtolive,learnandco-create. As aworld-class Free Zone hub for innovation, Shams sets the benchmark for service and support to those wishing to set- up and launch their business with specialized facilities for the creative and media industries. Shams is a dynamic initiative that makes a strong connection with the talented individuals it attracts. The new zone will havelegalindependenceoverlicensingandmediaregulations, although governed by the laws of the United Arab Emirates and Sharjah. Shams offers smart innovative services,coupled with a holistic community-centred approach. They place great value on localized content and actively encourage entrepreneurial talent from withinthisthrivingcommunity. Features Allocationofupto6visasonashareddeskfacility. Nodepositsrequired. Investorvisasavailablewithnoagerestrictions. AbilitytoappointCorporateDirectorsforyourcompany. Companieswillbelimitedinliability. 100%repatriationofcapitalandprofits. 100%foreignownershippermitted. 0%corporateorpersonalincometax. Located25minutesfromDubaiAirportand 5minutesfromSharjahAirport. FormsofRegistrationt SHAMSLLC(withoneorupto50shareholders). Branchofaforeigncompany. Branchofalocalcompany. 26www.aaconsultancy.ae

29. ActivitiesIncluding Facilitycostsandtypeoflicense GeneralTrading ECommerce HRConsultancy DigitalMarketing EventOrganizing ComputerSoftwareLicense Andmanymore... SHAMSshallbeprovidingfourfacilityoptions: DedicatedDesk SharedDesk Shared workplace facilities offered by Shams provide a co-working environment, which is a great solution for start-ups that want to interactwithotherlike-mindedpeople.Thekeytosharedworkspaces isthattheyfostercollaboration. PerformanceArtsManagement MusicTraining * These figuresareindicativeandsubjecttochange Note: There is an additional fee of AED 3,755 [AED 2,255 – E Channel registration + AED 1,500 – Immigration card fee]. There will be an annual fee of AED 1,100 for renewal of e-channel registration. Visa charges for investor AED 3,500, Employee AED 3080, Emirates ID 370,MedicalAED400andchangeofstatusAED950. 27www.aaconsultancy.ae

30. RasAlKhaimahEconomicZone(RAKEZ) AsofApril2017,guidedbythevisionofHisHighness Sheikh Saud bin Saqr Al Qasimi, United Arab Emirates SupremeCouncilMemberandRulerofRasAlKhaimah, RasAlKhaimahEconomicZone(RAKEZ)was establishedto overseeandconsolidatethe specializedzonesandclientsofbothRasAlKhaimah FreeTradeZone(RAKFTZ)andRAKInvestment Authority (RAKIA). RAKEZ is now one of the largest economiczonesintheregion,coveringabout33 millionsquaremetresoflandandhousingover13,000 companies, currently served by RAK FTZ and RAKIA from over 100countries representing more than 50 sectors. Features Freezoneandnon-freezoneentityformation. 100%ownership. Fastandefficientbusinesssetupprocesses. Wide-rangingbusinessandindustrial facilities andvalue-addedservices. Provisiontobuildon-sitestaffandlabouraccommodation. One-stopshopfacilityforservices. Self-servicecustomerportal. Connectivitytomajorlogistical hubsandmultilanesuperhighways. Accessibilityviaaninternationalspreadofregionaloffices. EasyaccesstomarketsacrosstheMiddleEast,Europe,NorthAfrica andAsiaregions. RAKEZ is the continuation of the story that started with thefoundationofRAKFTZin2000andtheestablishment of RAKIA in 2005. RAKEZ is committed to its promise of empowering clients and investors by offering a cost-effective and world-class economic zone with customizablepackagesandservicesaswellas state-of-the-artfacilities. RAKEZ isdivided into specialized zones, i.e. RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail Industrial Zone, Al Hulaila Industrial Zone and RAKEZAcademic Zone for cateringtovarioussectors includingtrading,services,consultancy,manufacturing,industrial projects, logistics,schools,universities, institutes, academic consultancy andservices. Blessedwithastrategiclocation,RAKEZconnects investorstogrowingmarketsoftheMiddleEast,North Africa,EuropeaswellasSouthandCentralAsia. 28www.aaconsultancy.ae

31. RasAlKhaimahEconomicZone(RAKEZ) FormsofRegistration Branchofaforeigncompany; BranchofaUAEcompany; FreeZoneCompany(FZCO)–singleshareholder-minimumsharecapitalisAED100,000or500,000(forGeneralTrading); FreeZoneEstablishment(FZE)–2to5shareholders-minimumsharecapitalisAED 100,000orAED500,000(forGeneralTrading andRealEstate license). ThebusinessoperationsinaNon-FreeZonecanbestructuredineitheroneofthefollowingways: IndividualEstablishment:Soleowner. LimitedLiabilityCompany(LLC):2ormoreshareholders(upto50shareholders). Note:Anon-freezoneoperationwillneedaUAEnationalpartner. Incase ofanon-freezonecompanythecompanyshallhavesufficientcapitaltoachievethepurposeofitsincorporationandthecapitalshall consistofsharesequalinvalue.Onaproposal madebytheMinister incoordinationwiththecompetentauthorities,theCabinetmayissue adecisiondeterminingtheminimumlimitofthecapitalofthecompany. The business can opt for Flexi facilities, Standard Offices, Warehouse and Industrial Land depending on the activities they propose to carry outinRAKEZ. 29www.aaconsultancy.ae

32. RasAlKhaimahEconomicZone(RAKEZ) Facilitycostsandtypeoflicense * These figuresareindicativeandsubjecttochange Preapproval:AED100perapplicant Echannelregistration:AED 2200. E-channelannualrenewalfeesofAED1,200willapplyinyear2andyear3. InvestorVisa(3YEARS):AED3950(includesentrypermit&visastamping). EmployeeVisa(2YEARS)ifeligible:AED 2970(includesentrypermit&visastamping,medical&emiratesID). 30www.aaconsultancy.ae

33. InternationalFreeZoneAuthority-Dubai Strategically situated within one of the UAE’s dynamic business gateways, IFZA Dubai is your single point of contact for all Free Zone business formation and administration services. IFZA Dubai provides local and international businesses the ideal platforms, infrastructure and location that optimize the benefits of the UAE’s strategic geographic position, world-class infrastructure and business- and tax-friendlyenvironment. We provide competitive Free Zone License packages, fast and efficient incorporation and an expert team with up-to-date knowledge on rulesandregulationstoensurethatyourclient’sbusinessfoundationislaidinatimelyandsecuremanner. IFZABenefits StrategicallylocatedinDubai,whichprovidesworld-classaccesstoglobalmarkets. ConvenientaccesstoallFreeZone businessformationandadministrationservices. Anexpert,multinationalteamwhocanadvise ontheperfectfitforyoufromover2,000businessactivities BusinessLicensesare availablethroughtheincorporationofFZCOsortheregistrationofbranchoffices. Professional,CommercialandIndustrialactivities canbecombinedunderone IFZA License. CompetitiveGeneralTradingLicenseavailable. Transparentandcompetitivepricing. Fastandefficientcompanyincorporationprocess Nophysicalpresenceofthebusinessownersrequiredduringtheincorporationprocess. Nopaid-upsharecapitalrequirement. NoNOCrequiredfromcurrentvisasponsor. 31www.aaconsultancy.ae

34. InternationalFreeZoneAuthority-Dubai * These figuresareindicativeandsubjecttochange Note: GeneralTradingLicenseadditionalAED10,000oneachpackage. ThereisanadditionalfeeofAED2,000–Immigrationcardfee.VisachargesforinvestorAED3,750,EmiratesID370,andMedical AED 400,ChangeofstatusAED1,600. 32www.aaconsultancy.ae

35. JebelAliFreeZone(JAFZ) TheJebel AliPortorMinaJebelAli istheworld’s largestman-madeport. TheJebelAliFreeZone(JAFZ)wasestablishedbydecreeNo.1of1985and is located in the Emirate of Dubai. Jebel Ali was initially seen as the ideal baseformultinationalstowarehouseanddistributetheirproductsinthe Gulf. Over the years, the range of industries has grown from distribution to include the whole spectrum of manufacturing, trading and services and the market has grown to cover regions well beyond just the Middle East.TheFreeZoneishometoover7,000companiesincludingseveralof theFortune 500s. Features ExcellentsupportservicefromDubaiPortsAuthority’stwomodernterminals. VeryclosetonewlyestablishedAl-MaktoumInternationalAirport. Onsitechamberofcommerce,international banks, insurancecompanies,consultancies,etc. Mortgagingofcompany-ownedfacilities(excludingleasedland). Leaseperiodupto10years(trading)and15years(manufacturing). Typesofactivitiesbroadlyincludemanufacturing,processing, assembling,packaging,import/export,distribution,storage andservices,etc. FormsofRegistrationt Branchofaforeigncompany. BranchofaUAEcompany. Free Zone Company (FZCO) - no minimum capital requirement. FreeZoneEstablishment(FZE)-nominimumcapitalrequirement. 33www.aaconsultancy.ae

36. JebelAliFreeZone(JAFZ) Facilitycostsandtypeoflicense * These figuresareindicativeandsubjecttochange 34www.aaconsultancy.ae

37. DubaiMultiCommoditiesCentre(DMCC) The Dubai Multi Commodities Centre (DMCC) has been created as a strategic goal of the Dubai Government to establish a commodity market place in Dubai. DMCC is a government entity established in 2002toenhancecommoditytradeflowsthroughDubai. TheDMCCoffersauniqueopportunityforparticipantsinawiderange of metals and commodities industries. It provides facilities that bring together the gold trade,the diamond trade (housing aDiamond Exchange),andtradinginotherselectedcommodities.TheCentrehas attracted key players throughout the entire value chain of each of theseindustrysectors,togetherwithrelevantsupportindustriessuch asfinance,logisticsandinsurance. The DMCC offers ownership of business premises in addition to all other standard Free Zone services. DMCC’s activities are organized into three main areas which are Gold and Precious Metals, Diamond andColouredStonesandCommodities. DMCC hasstrengthenedDubai’spositionastheleadingregional centre for bullion business by offering improved facilities to enterprises establishing themselves under the Centre’s auspices. The infrastructure atDMCCaccommodateseveryfacetofthebusiness-manufacturing, trade, education, certification and technology. Alliances with other playersin the trade suchasfinance organizations, government institutions,etc.willpromotecompletegrowthoftheindustry. Tofurtherboosttheregionaldiamondtrade,theofficial announcement wasmade on the Dubai Diamond Exchange (DDE), which is the first WFDB (World Federation of Diamond Bourses) affiliatedbourseintheArabWorld.DMCCalsoentered intoajointventurebetweenMCX(MultiCommodityExchangeof IndiaandFTIL(FinancialTechnologiesIndiaLtd)andformedthe DubaiGoldandCommoditiesExchange(DGCX).DGCXprovides advanced electronic infrastructure and an organized monitored environment. DMCC has been instrumental in implementing the Kimberley Process in the United Arab Emirates as part of its endeavour to streamline the trade with global standards and protecting the legitimatediamond industry.DMCC servesasthe dedicated globalhubforover 13,000businesses,andserves as thecentreof an inspiring property environment, setting standards in design thinkingfortheworld. JumeirahLakesTowers(JLT)isadynamicwaterfrontcommunity and isone of the designated areaswithin the Dubai Multi Commodities Centre (DMCC). The DMCC Authority (DMCCA) is the licensing authority for businesses operating in the Jumeirah Lakes Towers. Businesses in JLTtherefore benefit from a Free Zonestatus,makingJLTthefirstmixed-useFreeZonefreehold developmentinDubai.JLThasattractiveresidentialandoffice 35www.aaconsultancy.ae

38. DubaiMultiCommoditiesCentre(DMCC) towers alongside hotels, leisure and retail outlets. Out of the 79 towers, 3 towers have been developed by DMCC. These are the Almas, Au and Ag Towers.The landmark Almas Tower isthe natural focal point of the development, situated on an island surroundedbywaterinthecentre ofthecommunity.The tower houses the DDE and DMCC member businessesin the gold, diamond,energyandcommoditiesindustries. Features Tradinginvariouscommoditiesincludinggoldandprecious metals, diamonds and coloured stones and various services thatcomplementthemaincorebusiness. Freeholdownershipofbusinesspremises. Diamondexchange. 50yearstaxholiday. FormsofRegistrationt Branchofaforeigncompany. FreeZone Co. (DMCCO)–minimumsharecapitalis AED50,000(pershareholderAED10,000). Facilitycostsandtypeoflicense * These figuresareindicativeandsubjecttochange VisafeeAED6000(approximately) 36www.aaconsultancy.ae

39. DubaiSouth Dubai Aviation City Corporation (the “Corporation”) is a wholly-owned GovernmentofDubaicompanyestablishedbyDubaiLawNo.8/2006 (asamended).TheCorporationisresponsibleforthedevelopmentand operation of Dubai South (‘DS’) [ formerly known as Dubai World Central ], a development in Jebel Ali, Dubai, centred around the new Al Maktoum International Airport. The Law includes provision for the establishment of aFree Zone for businesses and organizations operatingintheaviationandlogisticsindustries. Dubai South -The City of You- is an emerging 145 sq. km. master-planned city based on happiness of the individual. Identified as the emirate’s flagship urban project, Dubai South is centred on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The royal vision is reflected in the themes of Dubai Plan 2021,which apply to Dubai Southasfollows. Tobecomea city ofhappy, creative andempoweredpeople. Tobecomethepreferredplaceto live,workandinvest. Tocreateaninclusiveandcohesivesociety. Tobuildasmartandsustainablecity. Tobecomeapivotalhubintheglobaleconomy. DS is home to the world’s largest airport in the making – the Al MaktoumInternationalAirport,southofJebelAliFreeZoneandiswell connected to Emirates Road and other areas of the city. It is just 30minutesawayfromDubaiInternationalAirport,15minutes from the Jebel Ali Port and 60 minutes from Abu Dhabi, the capitaloftheUAE.Thevantagelocationfacilitateseasyimports, exports and logistics operations through aviation, seaport and roadforcompaniesbasedwithinDS. Dubai South is projected to sustain a population of a million. As an economic platform, it is designed to support every conceivable kind of business and industry and to create 500,000 jobs. It is meanttohostlandmarkeventssuchasWorldExpo2020andthe DubaiAirShow. 37www.aaconsultancy.ae

40. DubaiSouth DubaiLogisticsCity DubaiLogisticsCityisoptimallylocatedalongsidetheapronofAlMaktoumInternationalAirportandisincloseproximitytotheJebelAliPort and Free Zone. DLC is positioned to serve a wide range of transportation, logistics, and value-added operations within a single-bonded free zoneenvironment.Dueto its adjacentlocationanddirectconnectionwiththeJebelAliPortandFreeZonethroughtheDubaiLogistics Corridor(directinfrastructureconnection,custombonded),DLCwillfacilitatethetransportationofgoodsfromairtoseaandviceversa.DLC offersleasesofofficespace,warehousespaceandlongtermleasesofdevelopmentlandenablingFreeZoneEnterprisestodesignand constructtheirownfacilities. Aircargoterminals Directly attheapronanddesignedforair cargo terminalhandlingserviceproviderswhowanttoaddresstheirindividualmarketofairlines. Land plots for industry or contract logistics: With most flexible plot layouts to support dedicated industry or contract logistics facilities and largermulti-clientwarehousingoperations. Landplotsforforwarders Exclusively for forwarders with access to the airport’s apron and optimal for mid-sized and larger forwarding businesses who want to combine shipmenthandlingandconsolidationoperationsandwarehousing/distributionsservices.Sharedforwarderswarehouses:Neartheaircargo terminalsandoptimalforsmallandmediumsizedcargohandlingoperations.Integratorfacilities:adedicatedsectionforintegratorfacilities directly at the apron provides amenities facilities throughout the premises. All logistics services and transport modes are integrated into a singlecustomsbondedandaFreeZoneenvironmentandallowcompaniestofocusontheoptimizationoftheirsupply chains. 38www.aaconsultancy.ae

41. DubaiSouth DubaiAviationCity In recent years, the Middle East has emerged asthe Centre of the global aviation industry. The region is akey market for companies throughouttheentireaviationsupplychain. AviationCityisanareaoftheDSFreeZone,situatedjustsouthofDLC and is also positioned directly adjacent to the apron of the Airport. Aviation City will host light aviation manufacturing and associated industries, Maintenance, Repair and Overhaul (MRO) companies, aviation support services,design and consultancy, research and development, aviation training, products and parts, light manufacturing units and high technology industries. Aviation City also benefits from a direct connection to Jebel Ali Port and Free Zone through the Dubai LogisticsCorridor. AviationCitywillincludevariouscomponentssuchasexecutivejet terminal facilities, a Maintenance, Repair and Overhaul (MRO) centre; a Heliport Zone; an Academic Zone and an Industrial Zone providing an integrated infrastructure for the warehousing of aircraft components and parts supply. Aviation City offers leases of office space, warehouse space, and long term leases of development land enabling Free Zone Enterprisestodesignandconstructtheirownfacilities. 39www.aaconsultancy.ae

42. DubaiSouth PremiumBusinessPark From aviation and logistics to support services or general business establishments, the Business Park offers first-rate commercial buildings and officesthatarecentrallysituatedinwhatwillbecomeDubai’sleadingCentralofcommerceandalogisticsandaviationindustrycluster. TheBusinessParkhasbeendesignedfromthegrounduparoundtheconceptofbusinessfacilitation.Itoffersadvantageousfacilitiesandallthe technological amenities required of a space to make it business-ready and conducive to quick and easy transactions. In addition, flexible commercial leasetermsandavailabilityofFreeZoneandnon-FreeZonetrade licensesmaketheBusinessParktheidealvenueforlong-termbusinessgrowth. FeaturesofDubaiSouth Freezonestatus. State-of-the-artfacilities/services. 100%taxfree. 100%foreignownership. Nocorporatetax. Varietyoflicensingoptions. Flexiblecommercialleaseterms. Fitted-outofficesandcoreshellspace. Businesscentrefacilities. DirectaccesstoAlMaktoumInternationalAirport. Nominimumsharecapitalrequirement. FormsofRegistration Branchofaforeign/UAEcompany. DubaiWorldCentralLimitedLiabilityCompany (DWC-LLC)–minimumsharecapitalAED300,000. *Onlyself-declarationintendingforraising capitalwouldbesufficientforissueofthelicense. 40www.aaconsultancy.ae

43. DubaiSouth Facilitycostsandtypeoflicense * These figuresareindicativeandsubjecttochange 41www.aaconsultancy.ae

44. DubaiWorldTradeCentre(DWTC) Established by His Highness Sheikh Mohammed bin Rashid Al Maktoum,UAEVicePresidentandPrimeMinister,RulerofDubai,the Dubai World TradeCentre Authority (DWTC Authority) provides a unique and highly desirable proposition for businesses looking for an effective,competitive and well-regulated businessecosystemto competeevenmoreeffectivelyregionallyandglobally. A public corporation that enjoys corporate body status, financial and administrativeautonomyandfulllegalcapacitytohelpitcarryoutits duties and activities, it will deliver a more flexible business-conducive environment in the heart of one of the world’s most dynamic and cosmopolitancities. Located between the iconic Dubai World Trade Centre and Jumeirah Emirates Towers – two symbols of Dubai’s meteoric rise as a leading destination of international commerce - the DTCD development is being designed to best-in-class quality standards and has achieved LEED®GoldprecertificationfromtheUSGreenBuildingCouncil. With leasing and licensing opportunities available now acrossthe Dubai World Trade Centre and Dubai Trade Centre District, the Free ZoneprovidesastrongincentiveformultinationalstouseDubaiasthe springboard toenter localand regional markets,aswellas incentivizing global associations to establish a permanent, regional baseinthefreezone,andallowingorganizerstodeliveramuchmore 100%foreignownership. 100%repatriationofcapital. Zeroincometaxfor50yearsandrenewable. Zerocorporatetaxfor50yearsandrenewable. Noexporttax. Norestrictiononcurrencyandrepatriationoffunds. Norestrictiononhiringforeignemployees. Norestraintsoverthecapitalnationality. Freedomtoinitiatemultioptionsforlegaloperating structures. Flexibilitytodeterminepricesofservicesorproductsand theprofitmargindesired. Stableandclearregulation. One-stop-shop service that provides business partners withavarietyofgovernmentservices,includingcompany registration,licensing,visaandotherservices. Simplifiedincorporationprocess. streamlinedeventparticipationandlogisticalexperiencewhile alsoincreasingattractiveness. Features 42www.aaconsultancy.ae

45. DubaiWorldTradeCentre(DWTC) FormsofRegistration TheFreeZoneoffersahighlycompetitive,single-pointofcontactoperationforcorporations,affordingthemauniqueandflexibleofferingto operate seamlessly, including as an onshore registered business, under an independent free-zone license or as a dual licensed entity from withinthesamezone.ThetypesofcompaniesthatcanbeformedatDWTCFreeZoneare: FreeZoneEstablishment(FZE)–minimumcapitalisAED300,000;bankdepositofcapitalrequired. FreeZoneCompany(FZCO)–minimumcapitalisAED300,000;bankdepositofcapitalrequired. BranchofanL.L.C.(coversallLimitedLiabilityCompaniesintheUAE). BranchofaForeignCompany. Facilitycostsandtypeoflicense TypeofLicense CostinAEDperannum CommercialLicense 25,000 ProfessionalLicense 25,000 Business Operating Permit Fee is applicable for entities already licensed by the Dubai Department of Economic Developmentthatwanttoobtainaleaseandoperatein theFreeZone.Thefeeisasfollows: BusinessOperatingPermitFee AED5,000 Renewal AED2,000 43www.aaconsultancy.ae

46. Mainland CompanyFormationDubai StartingaBusinessontheMainland Dubai is the main business hub and is rapidly growing globally.Moreentrepreneursacrosstheglobeare expanding their business and bringing their ideas into reality. Dubai has become the fastest city in terms of business establishment and its growth. Establishment of DED- Dubai Economic development has become much easierinsettingupabusinessinDubai.Dubaimainland is the prime area DED has specified to run a company. Companies in the mainland are alsoknown asonshore companies that areallowedtoperform business activitiesinsideandoutsidewithoutanyrestriction. Mainland Companies are mainly of three types; Limited Liability company, Professional Firms (Civil Companies) andBranchorRepresentativeOfficeofForeignCompanies. 44www.aaconsultancy.ae

47. Mainland CompanyFormationDubai LimitedLiabilityCompany(LLC) LimitedLiabilityCompany(LLC)isthemostcommonformofbusiness inUAE.ALimitedLiabilityCompanycanbeformedbyaminimumof2 and a maximum of 50 shareholders whose liability is limited to their sharesinthebusinessescapital. ProfessionalFirms(CivilCompanies) Foreign investors, who are qualified, can set up partnership firms to carry out their professional practice activities in UAE. The firm shall be regardedasaprofessionalcompany.Thereis norestrictionof51%local equity-likeLimitedLiabilityCompanies. BranchorRepresentativeOfficeofForeignCompanies UAE Commercial Company Law (13) of 1988 allows foreign companies and corporations to open Branch/Representative office to exercise theirmainactivitiesinUAE. 45www.aaconsultancy.ae

48. JebelAliOffshore Theannouncement ofthe Jebel AliFreeZoneOffshoreCompanies regulation in early 2003 by the Jebel Ali Free Zone Authority was highly appreciated by the investors. Theregulation permitted formation of offshore companieswithintheFreeZoneand confirmedtheFree Zone’scommitment tocontinuous growth in arapid,dynamic and changingeconomicenvironmentkeepingpacewithworldwide developments. Offshore companies can be suitably utilized as an investment company; holding company; real estate holding company; for further investments in local or Free Zone companies; and for International Trading. Firms of accountants and lawyers as approved by the Authority are permitted to provideservicesto clients forregisteringoffshorecompanies, registeredofficesandforactingasagentsforthecompanies. A recent decision by the Dubai Land Department has made Jebel Ali Offshorecompaniesmoreattractive toinvestors.TheDubaiLand DepartmentsignedaMemorandumofUnderstandingwiththeJebelAli Free Zone Authority to regulate registration of property in the name of offshorecompanies.Ineffect,offshore companies incorporatedin foreign jurisdictions such as the Isle of Man, the British Virgin Islands, Mauritius,etc. will notbepermittedtoregisterownershiptopropertyin Dubai except through a Jebel Ali Offshore Company. This new policy is alsoexpected to apply to foreign-owned free zone or offshore companiesestablishedinotherEmirates. 46www.aaconsultancy.ae

49. JebelAliOffshore SalientFeatures LimitedLiabilityCompany. Nominimumcapitalrequirement. RequirementtohaveanapprovedregisteredagenteitherwithintheFreeZoneorintheEmirateofDubai. Requirementtoappointshareholder,Directors,ManagerandSecretary. Bearersharesnotpermitted. Nopersonalorcorporateincometax. Issueofsharesofonlyoneclasspermitted. Offshorecompaniesareallowedto Offshorecompaniesarenotallowedto Havecontactswithlegalconsultants,lawyers,accountants andauditors. HaveabankaccountintheUAE. BecomeshareholdersinneworexistingFreeZone EntitiesorLLCsinthemainland. HoldshareholdersanddirectorsmeetingwithintheUAE. CarryoutInternationalTradingandconsultancy. Actasaholdingcompanyforinvestmentsincompaniesand properties. (Subject to the respective local laws of each Emirate,CityandCountry). Carryonbusinesswithpersonsresidentinthe UAE. Ownaninterestinreal estatepropertysituatedinthe UAE, other thanalease property referredtointheregulations orapprovedbytheauthorities. Carryonbankingbusiness. Carryonbusinessasaninsuranceorre-insurancecompany, insuranceagentsorinsurancebrokers. Carryonanyotherbusinesswhichmaybeprohibitedby regulationsbytheauthorities. 47www.aaconsultancy.ae

50. Ras Al Khaimah InternationalCompanies Similar to the concept of offshore companies in the Jebel Ali Free Zone, Ras Al Khaimah International Corporate Centre (RAKICC) has laid down the regulations toincorporate InternationalCompanies.Theregulationsprescribethatthe incorporation ofthe International Companies shallbe through aregistered agent. The firms of accountants and lawyers approved and licensed for that purpose by the RAKICCarepermitted to provide servicesto clients for registering International Companies, registered office and for acting asthe agentsforthecompanies. SalientfeaturesoftheInternationalCompany Companieswillhavealimitedliabilitystatusandthepossiblenamesuffixesare “Limited”or“Incorporated”ortheirabbreviations“Ltd”or“Inc”. Nominimumcapitalrequirement. RequirementtohaveanapprovedregisteredagenteitherwithintheFreeZone orintheEmirateofDubai. Requirementtoappointshareholder,Directors,ManagerandSecretary. Sharescanbeofdifferentclasses. Nopersonalorcorporateincometax. 48www.aaconsultancy.ae