1. COMPANY INCORPORATION IN UNITED ARAB EMIRATES: AN OVERVIEW PART I – MAINLAND COMPANY Presented By: ADAM CONSULTING

2. TYPE OF COMPANIES Mainland Company Mainland Company Free Zone Company International Company (Offshore) Branch/Rep Office

3. MAINLAND COMPANY – FEATURES FEATURESMAINLAND COMPANY Type of License Issued Limited Liability License Unlimited Liability License Sole Proprietorship Ownership 100 per cent ownership for professionals Less than 50 per cent ownership for commercial and industrial Companies UAE National Either a Local Service Agent of the company or a part of a company Operations Operate in entire UAE without any restrictions Activity Should abide by the activity issued by the respective Department of Economic Development Taxation Tax free Company Validity Annual Renewal

4. MAINLAND COMPANY – TYPES (1/3) Professional License Issued only to Professionals Unlimited Liability UAE National is a Local Service Agent 100 per cent expat ownership Service Related Activities

5. MAINLAND COMPANY – TYPES (2/3) Commercial License For any Entrepreneur Limited Liability Company UAE National is a Partner in the company Maximum 49 per cent expat ownership Activities involving physical goods

6. MAINLAND COMPANY – TYPES (3/3) Industrial License For any Entrepreneur with expertise Limited Liability Company UAE National is a Partner in the company Maximum 49 per cent expat ownership Activities involving manufacturing

7. MAINLAND COMPANY – EXPENSES DESCRIPTIONESTIMATED COST (AED) Capital Deposit Dubai: No Capital Deposits Abu Dhabi: 300,000 RAK: 100,000 Setting up Expenses Between 20,000 – 60,000 UAE National Fee (annually) Starting from 15,000 Commercial Space (Contract) Starting from 20,000 Annual Maintenance Between 10,000 – 30,000 Amenities (per year) Between 10,000 – 30,000 Miscellaneous Expenses Between 5,000 – 7,500 Special Approvals Depends on the activity of the company and the department involved ADAM Fee Starting from 15,000 (depends on scope of work)

8. MAINLAND COMPANY – TIMEFRAME Company Setup Time 15 working days to setup the legal structure of the company from the time of initial approval 5 working days to get the PO Box, Telephone lines and company labour card among others Special approvals are required for some activities and can take time depending on the scale and scope of the project

9. MAINLAND COMPANY – NOTES Corporate Ownership is possible Shares can be transferred through an agreement followed by its update in DED Branch/Representative Offices can be incorporated (Covered in Part IV) Expatriate is either a partner or investor in the company 100 per cent repatriation of capital