SERVICE EXCELLENCE WITHOUT BOUNDARIES

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2 SERVICE EXCELLENCE WITHOUT BOUNDARIES UAE OFFSHORE UAE FREE ZONES WORLDWIDE BUSINESS SETUP CITIZENSHIP BY INVESTMENT SPECIALIST SERVICES

3 Index ABOUT US... UAE OFFSHORE... UAE FREEZONES... UAE RESIDENCY... WORLDWIDE... CITIZENSHIP BY INVESTMENT... SPECIALIST SERVICES... PG 03

4 About Us Why Dubai Dubai represents one of the best locations for conducting business in the world. With its rapidly growing and diversifying economy, business friendly environment, modern infrastructure, excellent transport links, extremely generous regulatory and tax regime, and huge potential customer base, Dubai is the rising star of the Middle East s financial centres. For businesses, Dubai s location, excellent travel connections and superior infrastructure (which enjoys continuous improvement and investment) make it a particularly attractive option, with easy access to the rest of the UAE, the major markets of Asia and Africa, and central Europe only a few hours away. Company Profile Europe Emirates Group is a global firm providing a wide range of legal and fiscal services. We are an independent, efficient provider that guarantees absolute confidentiality in all matters. Our team brings together a wealth of experience and expert knowledge - employing financial specialists, accountants, bankers, chartered secretaries, lawyers and international tax and trade experts to ensure we are able to provide the best solutions in a friendly, helpful and customer-centered service, which explores the latest business solutions, providing excellent value for money, without sacrificing quality. All of our clients benefit from our expert advice at every single stage of the process: we will be assisting you on the creation of your structures guiding you through all the different options available to you, and we ll still be with you as your company grows and on a year to year by engaging our state of the art CRM systems that provides alerts on every regulatory matter or renewal or action that needs to be carried out. Whether it s from our Head Office in Dubai or in one of our associate offices, our team is always available offering confidential advice and assistance, while simply and efficiently explaining what can often be complex solutions and information. Europe Emirates Group are specialist on the finer details of the process of starting a business in the UAE, and provide expert counsel on all aspects of this process. We match our clients business requirements to the Emirate best suited for their plans, and ensure the process is conducted with a view to ensuring flexibility for growth and diversification in the long term. Business Approach The Europe Emirates Group offers expert advice and tailor-made solutions to all businesses wishing to expand and invest abroad. We are able to advise clients on the often complex issues surrounding international corporate structures and facilitate the appropriate financial services to meet the varied needs of both businesses and individual entrepreneurs. What makes Europe Emirates Group approach unique is that we possess both an in-depth knowledge of local Dubai business regulation and a wider, global appreciation of company formation trends and opportunities. PG 04

5 About Us Why we stand out HIGH CONFIDENTIALITY Our dedication to confidentiality has earned us a reputation for excellence. We specialize in International Tax Planning, investment holding and trading. Our Focus CUSTOMER DELIGHT Our staff members possess the linguistic and cultural skills necessary to facilitate business links across borders. In addition to this, we possess the technical know-how to successfully navigate the numerous steps leading to company formation and the necessary diligence and care to help manage existing companies successfully. But perhaps the most striking and refreshing thing about doing business with us is that we adopt a personal, friendly approach at all times. Speaking to us, even if for just the first time, you will feel like you re at the start of a long relationship and clients often remark that the Europe Emirates Group staff are regarded more as trusted friends than mere business partners. There are no hidden costs We commit ourselves to not surprising our clients with any hidden costs and we promise to provide you with a very clear pricing breakdown to account for every service you request from us. You will only pay for what you get and you will not be expected to pay any extra costs at the end. Lowest price guarantee on Dubai Company Formations We will match the price and even improve on any offers made by other companies that are offering a comparable service if you can provide evidence of a lower quote. We absolutely GUARANTEE to offer the LOWEST cost for Dubai incorporations across the globe. Call us now to contrast and compare what we can offer our prices will amaze you. Contact us now and be prepared to be surprised by how easily your specific requirements can be catered for by our professional team of experts. Our consultants will be more than happy to advise you on all aspects of company incorporation and trading structures, however large or small your business may be. Service Guarantee At Europe Emirates Group, we make a firm commitment to avoid superficial and rushed solutions. Instead, we will study your organization s needs and future plans and devise an easily understood framework which is sustainable and affordable - in a rapidly changing world. PG 05

6 CEO Message Since inception, Europe Emirates Group has seen a steady expansion of service offerings and an ever increasing standard of professionalism, innovation, local expertise and ethical standards; these aspects, combined with a unique level of customer focus, continues to drive our success into the future. We have always been excited by the promise of raising standards for our customers. It is our hope that, with continued investment in securing the very best people in the industry, combined with an absolutely first-rate and expanding service portfolio, we will continue to outshine and outgrow our competitors and continue to deliver seemingly unattainable levels of customer service. This combination of factors gives us the tools we need to deliver for the clients, professional staff, investors and partners that make our success possible. Mr. Adrian Oton, CEO Europe Emirates Group Private Client & Commercial Our industry is challenging, and change is inevitable. By continuing our investment in the best people and the most innovative services, it is my sincere belief that Europe Emirates Group will continue to be able to maintain market leadership. PG 06

7 UAE Offshore UAE Offshore Companies are used for a variety of business purpose ranging from setting up business entities to owning overseas financial and real estate assets, inheritance planning, setting up holding companies and special purpose vehicles, ship registration and tax optimization. No Public Registry. 100% exempt from all corporate and income taxes. There are no foreign currency restrictions. Full repatriation of the offshore companies profits and capital is allowed. The setting-up costs are less that of an onshore company. There is no onshore office and accordingly, there are no employees and related costs. No share capital is required to set-up an offshore company. The offshore company can act as a Holding. Establishing your Dubai Offshore Company / International Business Company provide a vast array of advantages over other jurisdictions and in essence the main ones being that Dubai is a Real Country with a Real Economy and holds no negative stigmas. Benefits of Incorporating a Company in the UAE Investors choose to set up an offshore company in the UAE to take advantage of the extremely business-friendly environment and liberal legislative framework that the UAE s Emirates offer to foreign investors. Common uses for these offshore companies include: Dubai has emerged as a leading regional commercial hub with state-of-the art infrastructure and a world-class business environment. It has now become the logical place to do business in the Middle East, providing investors with a unique and comprehensive value added platform. Tax Optimisation Inheritance Planning Ship Registration Holding Companies The UAE offers a range of Unique Benefits as an Offshore Destination: 100% foreign ownership. Banking Secrecy Guaranteed by Law. PG 07

8 UAE Offshore Since the formation of the UAE in 1971, Dubai has transformed itself from an oil and gas dependent state to a broadly diversified economy based on international trade, banking, tourism, real estate and manufacturing. Oil has played a progressively diminishing role in the Emirate s economic profile. In 1985, the oil sector contributed to just under half of Dubai s GDP. By 1993 that figure had fallen to 24 percent, and by 2006, to 5 percent. World Class Infrastructure Dubai s policy of investing heavily in its transport, telecommunications, energy and industrial infrastructure has significantly enhanced its attractiveness to international business. Competitive Costs Apart from a favorable tax environment, companies in Dubai can obtain significant cost advantages due to the absence of foreign exchange controls and trade barriers or quotas. Similarly costs in other areas like import duties, labor, energy and financing are competitive by international standards. Historically high real estate costs have undergone a correction and are currently competitive. Versatility Dubai attracts a highly skilled workforce, which is absorbed by the growing number of international companies, professional service firms and financial institutions. Expatriates enjoy tax-free salaries, schools accredited to international standards, a high standard of health care and excellent recreational facilities - including eight championship golf courses. Confidentiality The most important legal provision relating to privacy in the law of the UAE, is the provision in the criminal law which states that any individual who, by reason of his profession, craft, situation or art is entrusted with a secret and who disclosed it in cases other than those permitted by the law, or who uses it for his own advantage or another person s advantage, all this unless the individual to whom the secret pertains has consented that it be disclosed or used shall be punishable by imprisonment for a minimum period of one year and/or by a fine of at least twenty thousand Dirhams. Therefore, the unauthorized disclosure of confidential information is illegal. Virtual Offices & Business Services Based in the heart of the Dubai, we have attracted a client base that includes a diverse range of professions and industries, legal, telecommunications, boutique investment and training consultants to name just a few. Catering to new businesses and established companies, our clients appreciate the simple approach so they can focus on their businesses. We provide a professional and seamless extension of our clients business and are ready to assist at anytime The packages are designed to suit different business requirements and budgets and all benefit from the same Premium best fully trained dedicated team and cutting edge technology to control your business giving you absolute control over your affairs. Our team is equipped to offer as little or as much administrative assistance as our clients may require. PG 08

9 UAE Freezones Ajman Ajman Free Zone with its package of unbeatable advantages is widely recognised as entrepreneurs haven today. A massive multi-million Dirhams development plan on over a million square metre area is under progress at the Free Zone, which on completion will be able to accommodate 1500 companies. Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets. Ajman Port, serving over 1000 vessels in a year, has emerged as an important maritime focal point today. Ajman Free Zone Benefits Cheap energy The most economical wage structure and easy access to vast workforce Total exemption from all import and export duties Total elimination of all service charges and hidden fees Exceptionally low handling charges This 20 years land contract is renewable for another 20 years guaranteeing 40 years tax and customs free operations Low lease prices World class infrastructure Lowest tariffs in the region 100% repatriation of capital and profits No personal income tax No corporate tax Customs duty exemption in GCC countries Excellent transport links and accessibility Types Of Licenses An individual or a corporate entity can set up and do business in Ajman Free Zone being registered in any of the following legal forms: Free Zone Establishment (FZE) entity with one shareholder Free Zone Company (FZC) entity with 2 to 5 shareholders Branch of a Foreign Company Branch of a Local Company Business-Friendly Environment Simplified incorporation process Hassle-free and business-friendly company laws and legal framework One-stop shop service that provides business partners with a variety of government services, including licensing, visa, traffic and postal services Quick access to Knowledge Workers due to fast-track immigration process PG 09

10 UAE Freezones Creative City 100% income and corporate tax exemption 100% capital & profits repatriation Types Of Licenses Publishing Management of broadcasting Marketing & Media Services Music & Entertainment Consultancy Broadcasting Production/Post production/filming Information Technology Service The Emirate of Fujairah is home to the Creative City Free Zone that was set up to offer a modern hub to attract businesses operating in the design, media communications and technology industries. Whether you as an entrepreneur or your business as a whole deals in music, entertainment or design, this is the place to incorporate your Free Zone Company and pick up all those benefits and cost-cutting advantages thousands of others are already enjoying. The Fujairah Creative City Free Zone is located within the Emirate of Fujairah which is one of the seven Emirates of the United Arab Emirates. Fujairah, with its beaches and warm weather, is also a magnet for the tourist trade. It is a place in which it is a pleasure to work and live. Fujairah Creative City Benefits A cost-effective alternative to other media hubs in the region Lowest operating costs Business-friendly regulations Art Production equipments High tech communication facilities 100% foreign ownership DIFC Dubai International Financial Centre has attracted high calibre firms from around the globe as well as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September The DIFC focuses on several sectors of financial activity: Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management and Fund Registration; Insurance and Re-insurance; Islamic Finance & Professional Service Providers. The DIFC Free Zone in next to downtown Dubai and a short journey away from the Dubai International Airport. It is easily accessible by road and public transport. DIFC Free Zone Benefits Financial services companies set up within the DIFC Free Zone can be entirely foreign owned PG 10

11 UAE Freezones 100% off all the capital and profits from such companies can be repatriated DIFC Free Zone companies are exempt from paying corporate tax for 50 years DIFC Free Zone companies can benefit from extremely low energy tariffs DIFC Free Zone companies have access to a welltrained and highly skilled pool of workers Numerous hotels, restaurants and leisure opportunities in the area Doing Business In The DIFC Financial Center Free Zone. The Dubai International Financial Centre (DIFC) Free Zone is dedicated to financial services like banking, asset management and business processing. The DIFC Fee Zone encourages global financial institutions to set up regional centers within the zone in order to tap into the growing and exciting Middle Eastern markets from a safe and wellregulated jurisdiction. DMCC Dubai Multi Commodities Center (DMCC) is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. Rated A by Standard & Poor s, it provides industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries. The Jumeirah Lakes Towers (JLT) is a large development in Dubai combining residential and business space. The Dubai Multi Commodities Cente (DMCC) is the Free Zone Authority for this fast-growing and rapidly changing business hub. DMCC is also a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options. Jumerah Lakes Towers And DMCC Free Zone Benefits A company set up within the DMCC Free Zone can be entirely foreign owned DMCC Free Zone companies are exempt from all import duties 100% off all the capital and profits from DMCC Free Zone companies can be repatriated DMCC Free Zone companies are exempt from paying corporate tax for 50 years DMCC Free Zone companies can benefit from extremely low energy tariffs DMCC Free Zone companies have access to a welltrained and highly skilled pool of workers PG 11

12 UAE Freezones Free Zone License Types Available This free zone offers two types of business license: 1. The DMCC License, which regulates activities in commodities and related trades and services and the JLT License which is designed for other business activities. Within the JLT Free Zone, there is considerable flexibility regarding how companies can be set up. 2. Companies can operate as a new company, a branch, subsidiary or representative office. Call to speak to us now about which structure would best suit your company s future plans and needs. Dubai Airport Dubai Airport Free Zone (DAFZA), established in the mid-1990s, is located entirely within the limits of the bustling and well-connected Dubai International Airport. This Free Zone, like the others in the Emirate, is designed to attract international businesses, trade and investment to a modern hub served by cutting edge infrastructure. The Dubai Airport Free Zone is also ideally located near one of the airport s terminals. This means that it is easily accessible by visiting businessmen flying into the UAE and enjoys excellent transport links with the city of Dubai with all its business and leisure opportunities. Trade license in Dubai airport free zone are issued based on an investor s business activity. Manufacturing, processing, assembling packaging, import of raw materials, export of finished products, import export distribution, storage of all items specified in the trade license and all types of services industries. After you receive the initial approval from DAFZA committee you will be given an approval letter with a period of one month to submit all of the legal documents required in order to receive a trade/service/industrial license and be registered as a company in DAFZA. DAFZA Benefits: DAFZA location within the boundaries of Dubai international airport Investors enjoy the facilities provided by Dubai cargo village and FLC Air cargo terminal Online customer service Land available with easy access to airport apron Investor-oriented management Environmentally friendly activities and procedures are activity encouraged On-site customs inspection Companies at DAFZA can operate 24 hours a day Easy accessibility to DAFZA building and offices within Abundant and inexpensive energy Easy available of inexpensive workforce PG 12

13 UAE Freezones Facilities & Service Dubai Airport Free zone is a unique place for electronics, engineering, logistics & cargo, aviation and pharmaceutical firms. Its highly equipped infrastructure which is built in response to the clients requirements and needs is second to none. The services are ultimately improved with the support of the highly developed and well-trained employees to respond immediately to any quires or additional services. Dubai Healthcare City want to hear from you so we can advise you about setting up in this specialist Free Zone. Dubai Healthcare City site is located in Bur Dubai, next to Rashid Hospital. It is in central Dubai and can be easily accessed from Abu Dhabi. Dubai Healthcare City Free Zone A medical facility / company / research centre set up within the Dubai Health Care City Free Zone can be entirely foreign owned DHCC Free Zone companies are exempt from all import duties 100% off all the capital and profits from such companies can be repatriated DHCC Free Zone companies are exempt from paying corporate tax for 50 years DHCC Free Zone companies can benefit from extremely low energy tariffs DHCC Free Zone companies have access to a welltrained and highly skilled pool of healthcare workers The categories of business for which a commercial license may be issued in DHCC are as follows: Dubai Healthcare City (DHCC) aims to provide a Free Zone dedicated to high-quality healthcare facilities. Containing several hospitals, many medical centers and laboratories, the DHCC Free Zone is fast establishing itself as the leading quality provider of professional health and well-being services in the region. The DHCC Free Zone offers an opportunity to invest in a new and quickly developing sector. If you are a quality healthcare provider, or conduct medical research, we Clinical Inpatient Clinical Outpatient Healthcare Consultancy Healthcare Support Healthcare Education Publishing Education & Training Services (non-healthcare) Service Provider Consultancy Regional Head Quarters Hotels and Leisure Services Property Management Services PG 13

14 UAE Freezones Dubai Maritime City 100% off all the capital and profits from such companies can be repatriated Dubai Maritime City Free Zone companies are exempt from paying corporate tax for 50 years Dubai Maritime City Free Zone companies can benefit from extremely low energy tariffs Dubai Maritime City Free Zone companies have access to a well-trained and highly skilled pool of workers In this particular Free Zone, the focus is very much on maritime business opportunities so licenses to carry out Maritime Services, Maritime Industrial operations, Marine Management, Maritime Education and Research and Yacht Manufacturing and Repair are all available. Dubai Maritime City is a multi-use development which will serve most sectors of the maritime industry by bringing together, in one modern site, industrial, commercial, residential and leisure facilities. The city is also home to ship repair and maintenance facilities and supports an education and research centre which aims to provide specialised training for those wishing to work in the maritime services industry; a new and exciting area of growth for Dubai which is strategically located close to one of the world s busiest shipping lanes. Dubai Maritime City is located north of the creek area just between Port Rashid and the Dubai Dry Docks. It is easy to access other parts of Dubai thanks to a modern road network and is only 10 kilometers from Dubai International Airport. Dubai Maritime City Free Zone Benefits A company set up within the Dubai Maritime City Free Zone can be entirely foreign owned Dubai Maritime City Free Zone companies are exempt from all import duties To get Free Zone Registration done for Dubai Maritime City, a foreign investor can choose from three business types that are: Free Zone establishment Free Zone Company Branch office Dubai World Central Dubai World Central (DWC) is a master-planned city centering on the Al Maktoum International Airport, which will become the world s largest airport upon completion. The airport will have capacity to handle over 200 million passengers and 16 million tonnes of cargo annually. Designed to be The Centre of Tomorrow, the city spans approximately 145 square kilometers and is currently one of the biggest urban developments in the UAE. DWC further cements Dubai s leading position as a logistics and trade hub. PG 14

15 UAE Freezones and all the businesses in DWC, to the rest of the globe. In recent years, the Middle East has emerged as the center of the global aviation industry. With powerful players such as Emirates, Etihad Airways and Qatar Airways breaking records and bucking industry trends with remarkable growth and ambitious expansion plans, the region is a key market for companies throughout the entire aviation supply chain. It is seamlessly connected to Jebel Ali Port (the largest container port between Singapore and Rotterdam) via the dedicated Logistics Corridor. This link enables the formation of a single customs-bonded zone, reducing time on the ground and accelerating the flow of sea-to-air cargo. DWC enjoys direct access to the major trans-emirate road networks. Etihad Rail and Dubai Metro will also have dedicated terminals at Dubai The DWC Business Park features modern, purpose-built office space and commercial units. Whichever industry you operate in, there is likely to be suitable premises from which your business can operate. Because these facilities have been built from scratch, every need is catered for whether it be parking, transport links, catering or fast telecommunication networks. The result is a pleasant and efficient place to work where new businesses can safely settle and grow. A dedicated aviation district has been designed with both landside and airside access to the Al Maktoum International Airport to capitalize on the opportunities. DWC is committed to creating a viable aviation industry cluster and encouraging the development of FBO s, MRO s, manufacturers, education institutions, consulting and other aviation-related businesses to service and meet the growing demands of the region. Hamriyah Free Zone Hamriyah Free Zone is, unlike some of the better-known Free Zones, not in Dubai but in Sharjah, another of the Emirates that make up the United Arab Emirates. Sharjah is strategically located with ports on the Arabian Gulf s west coast and east coast granting it direct access to the Indian Ocean. It also has a large international airport connecting it to the wider world. Several districts make up Dubai World Central (DWC): logistics, aviation, commercial, residential, commercial, leisure, exhibitions and humanitarian. The large Al Maktoum International Airport, which is still developing, acts as a natural focus point for the entire area. International flights and connections link Dubai, PG 15

16 UAE Freezones The Hamriyah Free Zone invites companies to establish themselves and enjoy all the benefits of a tax-free environment. The port is included within the Free Zone, thereby offering unique opportunities for companies trading in imports, exports and logistics. With a large range of storage units, factories and office space already completed and ready for immediate use, we guarantee that a relocation or expansion to this Free Zone will be a hassle-free process once you contact our dedicated team. Hamriyah Free Zone Benefits Access to 14 metre deep-water port and 7 meter deep inner harbor Strategic, friendly location Access to 3 seaports on the Arabian Gulf & Indian ocean Access to Sharjah International Airport, the largest sea-air transit cargo hub in the Middle East Rents fixed for 5 years Quick and simple procedure for approval of License Applications Recruitment and sponsorship of personnel and procurement of visas Access to inexpensive workforce Access to Internet, secretarial services, vehicle registration services and driving licenses. An established abundant and inexpensive energy. Almost any activity is permitted by HFZ as long as the activity is environmentally friendly and in accordance with local rules. Though it is preferred, companies do not have to add value to their products. Investors can ship goods in and out of HFZ without necessarily adding any value at all. The Hamriyah Free Zone authority manages the Free Zone area of approximately ten million square meters of prime industrial and commercial land and the 14 meter deep water harbour. HFZ also accommodates dedicated petrochemical, bulk handling and general cargo berths. Jebel Ali Free Zone The Jebel Ali Free Zone (JAFZA) is a large commercial hub next to one of the largest ports in the Middle East. Since it was founded, JAFZA has established itself as a globally renowned hub for thousands of international companies. JAFZA is leading the way as a business centre providing quality and reliable logistical and infrastructure support for all your needs. The Free Zone is right next to Jebel Ali Port, and half an hour from the Dubai International Airport it is therefore the natural choice for any company wishing to set up a regional headquarters. JAFZA acts as a gateway into the Middle Eastern market. JAFZA Free Zone Benefits A company set up within the Jebel Ali Free Zone can be entirely foreign owned Jebel Ali Free Zone companies are exempt from all import duties PG 16

17 UAE Freezones 100% off all the capital and profits from Jebel Ali Free Zone companies can be repatriated Jebel Ali Free Zone companies are exempt from paying corporate tax for 50 years Jebel Ali Free Zone companies can benefit from extremely low energy tariffs Jebel Ali Free Zone companies have access to a welltrained and highly skilled pool of workers Jafza Issues Various Types Of Company Licenses: General Trading License allows the holder to import, distribute and store all items as per Jafza rules and regulations. Trading License allows the holder to import, export, distribute and store items specified on the license. Industrial License allows the holder to import raw materials, carry out the manufacture of specified products and export the finished product to any country. Service License allows the holder to carry out the services specified in the license within the Free Zone. The type of service must conform to the parent company s license, issued by the Economic Department or Municipality of the relevant Emirate in the UAE. National Industrial License is designed for manufacturing companies with an ownership or shareholding of at least 51% with AGCC (Arabian Gulf Co-operation Council) nationals / citizens. The value added to the product in the Free Zone must amount to a minimum of 40%. This company license allows the holder the same status as a local or AGCC inside the UAE. Dubai Media City Free Zones Home to prestigious media organizations like The Financial Times, The Economist Group (MENA Region Headquarters) and The Times (UAE edition), the Dubai Media City (DMC) is a creative hub for the media industry in the region. The Free Zone represents the entrepreneurial spirit of Dubai which we at EEG wish to harness and develop. The success of this project is evidence that Dubai s economy has long moved on from being based almost entirely on oil revenue and is now exploring other market sectors in the search for international investment. The Dubai Media City Free Zone is located near the coast very close to the entrance to the iconic and world-famous Palm Jumeirah development. Downtown Dubai, with all its attractions, is easily accessible. Dubai Media City Benefits The Dubai Media City Free Zone is designed to reduce the cost of doing business in a well-regulated, modern environment. Media companies wishing to enter the rapidly developing Middle Eastern and Asian markets will naturally choose to set up within the Free Zone which, with its transport links and modern telecommunications, is a gateway to the rest of the region. As its set within its own dedicated Free Zone, companies that are set up here can be entirely foreign-owned, tax-free and all profits can be repatriated. Guaranteed 50-year exemption from personal, income and corporate taxes. Exemption from customs duty for goods and services. Apart from the clear financial benefits, the Dubai Media City Free Zone is served by a modern and cutting edge infrastructure including recently constructed office space, good road and public transport links and competitively priced utilities. PG 17

18 UAE Freezones An individual or a corporate entity can do business in Dubai Media City being registered in any of the following legal forms: Free Zone Limited Liability Company (FZ-LLC) Branch of a Foreign Company, where the applicant is a foreign registered corporate person Branch of a UAE Company, where the applicant is a UAE registered corporate person An individual can do business in Dubai Media City as a freelancer on being issued a Freelance Permit Business Licensing Segments In Dubai Media City: Advertising & Communication, Media & Marketing Services, Media Support Services, Event Management, Event Support Services, Media Consultancy, New Media, Business Information, Freelancers, and Associations (Non Profit) Meydan. Meydan Free Zone is a new concept. Meydan brings together a racecourse for top horse racing events, a golf course, hotels, residential communities, business parks and educational and health facilities. Most importantly, for investors, there is also a Free Zone. The Meydan Racecourse is the breathtaking setting of the world s most exclusive horse race the Dubai World Cup. The race, and other events of its kind, attracts visitors from the UAE, the Middle East and the rest of the world. Outside the racing season, many facilities are still in use as conference halls and banqueting halls. Such a high profile event has the added bonus of acting as a healthy source of foreign investment, which raises the profile of the Meydan Free Zone and stimulates the growth of its leisure facilities and hotels. Free Zone company incorporation including zero tax, no restrictions on the repatriation of capital and low operating costs. Meydan Benefits Flexible business spaces and storage facilities will be especially welcomed by new and expanding businesses. Fast and modern telecommunications networks, cheap, reliable energy and good transport links with the rest of Dubai give this Free Zone a real edge over other global financial centers and business parks. This is a unique offering and we want you to make the most of it by calling us today to arrange a meeting to talk about how your company could benefit from setting up in the Meydan Free Zone. The Meydan Free Zone is synonymous with luxury and quality. Property prices are already hitting new records, even for Dubai, and it s fast becoming the must-have address for businesses too. But this doesn t mean that starting and running a business here has to be expensive on the contrary, the various tax exemptions and lack of restrictions on the movement of capital mean that many businesses will save money by setting up within this Free Zone. Meydan Free Zone offers a choice between operating under a commercial, consultancy or media license. General trade license is not available. Commercial license Consulting license Media license The Meydan Free Zone, located within one of the fastestgrowing parts of Dubai, has all the major benefits of PG 18

19 UAE Freezones Rakia & RAK These Free Zones are in the Emirate of Ras Al Khaimah and serve to encourage growth and investment in a wide variety of industries. Although it one of the newer Free Zones, it has already been responsible for bringing billions of dollars to the Emirate. The Rakia and RAK Free Trade Zone therefore represent a fresh opportunity to explore new markets and innovative business solutions. Just over an hour away from Dubai International Airport, the Free Zones of Ras Al Khaimah occupy a strategically important area in the UAE. With access to the other Emirates, the Gulf States and the rest of Asia, it s little wonder that more and more businesses are choosing Ras Al Khaimah as a serious place in which to do international business. Rakia and RAK Free Trade Zone Benefits A company set up within the Ras Al Khaimah Free Zones can be entirely foreign owned Ras Al Khaimah Free Zones companies are exempt from all import duties 100% off all the capital and profits from Ras Al Khaimah Free Zones companies can be repatriated Ras Al Khaimah Free Zones companies are exempt from paying corporate tax for 50 years Ras Al Khaimah Free Zones companies can benefit from extremely low energy tariffs Ras Al Khaimah Free Zones companies have access to a well-trained and highly skilled pool of workers. The Ras Al Khaimah Free Zones are not limited to or purposely dedicated to any particular industry. Therefore, Commercial, Industrial, Service and Media Licenses are all available. Call us to speak about which license your business would need we make a commitment that our advice will be simple to understand. Sharjah Airport This Free Zone is in the Emirate of Sharjah which has emerged as a real driving force for growth in the UAE. It attracts well-known and respected companies working in IT, media and manufacturing and seeks to provide the ideal business environment for company development and innovation by always upgrading and adapting its services and infrastructure. Sharjah has a rich culture and history but has managed to preserve its traditions during times of rapid growth and economic development. With breathtaking beaches and luxury hotels, Sharjah has a healthy tourism sector fuelled by people from across the world wanting to visit this unique place. The Sharjah International Airport Free Zone is located near the major airport serving this emirate. This automatically grants companies setting up here access to millions of potential customers across the Middle East and the rest of Asia. The airport is also one of the major air cargo importation points for the region. PG 19

20 UAE Freezones There are, in addition, good transport links with the port and city which provides numerous leisure facilities, restaurants and shops. Sharjah Free Zone Benefits In the Sharjah International Airport Free Zone, standard Service, Industrial and Trading Licenses are available. Dubai Silicon Oasis A company set up within the Sharjah International Airport Free Zone can be entirely foreign owned 100% foreign ownership 100% repatriation of capital and profits 100% exemption from income and corporate taxes License issued within 24 hours On site labour accommodation Sponsorship and visa s for all staff Access to over 2 billion customers Strategic location 24 hour hotline for equipment and provision of labour Global and regional communications with excellent air, land and sea links Simplified procedures Back up services provided by the Sharjah Chamber of Commerce and Industry and the Sharjah Expo Competitive structure of fee, property and management 24 X 7 Operations No restriction on hiring of 100% expatriate workers, and many more. Dubai Silicon Oasis Free Zone aims to provide a stateof-the-art hub for modern technology industry like precision electronics and communications technology. This purpose-built zone relies on telecommunications infrastructure, fiber optic networks and modern, affordable utility provisions. Apart from serving as a home to businesses operating in these industries, the Silicon Oasis Free Zone also has residential facilities, schools, shopping centers and leisure opportunities. It is therefore a great place in which to work and live. This Free Zone is located in Dubai with quick and easy access to Dubai International Airport. It is perfectly situated to serve as a modern technology hub for the entire region. It s also a convenient 30-minute drive away from Jebel Ali Port and Port Rashid meaning that deliveries of equipment by sea or land can be effected quickly. PG 20

21 UAE Freezones Dubai Silicon Oasis Free Zone benefits Umm Al Quwain Freezone A company set up within the Silicon Oasis Free Zone can be entirely foreign owned Silicon Oasis Free Zone companies are exempt from all import duties 100% off all the capital and profits from such companies can be repatriated Silicon Oasis Free Zone companies are exempt from paying corporate tax for 50 years Silicon Oasis Free Zone companies can benefit from extremely low energy tariffs Silicon Oasis Free Zone companies have access to a well-trained and highly skilled pool of workers Bustling, modern residential environment Service License: This allows the registered entity to carry out only specified services Trade License: This allows the registered entity to practice activities which are related to import, export, and distribution of items and goods as specified in the license. Industrial License: This allows the registered entity to import raw material, manufacture, and process, assemble, package and export the finished product. Company Types Branch Free Zone Establishment (FZE) Free Zone Company (FZCO) Previously known as Trucial States, the UAE was officially formed in 1971 and is a federation of seven emirates comprising Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. It is strategically located at the southern tip of the Arabian Gulf, midway between Asia and Africa. As well as being within easy reach of countries such as India, China, Turkey and UK, the UAE is well placed to trade with Asian, African and European markets. Furthermore, as a member of the GCC (Gulf Cooperation Council), the UAE enjoys close trading relations with the other GCC countries: Bahrain, Kuwait, Oman, Qatar and Saudi Arabia. UAQ FZ is situated close to the UAE s primary sea ports and within one hour s drive of Dubai International Airport and Sharjah International Airport, ensuring easy access to the rest of the world. PG 21

22 UAE Freezones UAQ Free Zone Benefits Remote Setup No corporate and personal income tax 100% foreign ownership Full range of business activities permitted 100% repatriation of capital and profits 100% import and export tax exemption within the free zone Simple and fast registration process with excellent customer support Hi-tech facilities including office, warehouse and land availability Strategic location with access to over two billion consumers Ideal location for SMEs and micro-business Special concessions at UAQ s sea port No restrictions on hiring foreign employees Modern and investor-friendly rules and regulation Free Zone License Types Available Commercial License Service License Consultancy License Special Consultancy License Freelance Permit Industrial License Micro Business License Thanks to UAQ FZ s investor-friendly environment, establishing a commercial base in the UAE has never been simpler. Forward-thinking SMEs and micro-businesses in particular will benefit from advantageous set-up costs, 100% company ownership and zero currency restrictions. Dubai Mainland Company Formation The UAE is well known for its Free Zones; free trade zones with extensive tax-exemptions for foreign companies, set up to encourage investment into the region. However, when setting up a company with the intention of serving clients in the UAE itself (or with the intention of tendering for government contracts) then a different tax and regulatory regime applies. Such companies are known as resident companies. Whereas Free Zone companies can be owned by foreigners (with full repatriation of capital), outside these trade zones at least 51% of the company s equity must be owned by a national of the UAE. Whilst this is the general situation, exemptions do apply, depending on the type of services you intend to offer. This can become fairly complex, but understanding the ways in which companies can trade natively whilst retaining tax free status can be incredibly lucrative, opening up local markets whilst keeping regulatory and tax burdens to an absolute minimum. PG 22

23 UAE Freezones Its possible in certain industries (legal services being one such example) to operate with 100% foreign ownership and UAE clients. In these cases, a UAE national must be a partner of the business and be available to liaise with local government authorities. Another approach to this is to make use of special, industry-specific Free Zones that allow for local trading. Whilst each of these applies only to certain services and geographical locations, such an option can provide very lucrative opportunities for a company well placed to take advantage of them. The Dubai Knowledge Village Free Zone allows (as an example) human resources companies to conduct business and receive investment from clients and partners outside of the Free Zone area, whilst retaining full tax exemption. There are many potential arrangements such as this that can be of benefit to foreign owned business ventures in the region. Europe Emirates Group are experts on the nuances and local laws and customs that surround enterprise in the UAE, and we ensure our client s business incorporations are conducted in the most tax efficient manner possible. We will match up your business requirements with the best use of Free Zone and/or local residential trade options, to ensure you hit the correct balance of tax efficiency and local market access. Whilst the options are very broad, and somewhat obscured by the large number of individual Free Zone authorities, we have extensive experience of working with Free Zone authorities and will ensure that you are making decisions with the best possible advice. PG 23

24 UAE Residency UAE offers quite a wide range of visas, all of which depend on your needs, country of origin and intentions. Acquiring short stay visas is fairly straightforward for most European citizens or for citizens of the USA and Canada. Obtaining residential visas depends on other criteria, and is handled by Department of Naturalisation and Residency of Dubai (DNRD). Residency visas are available in the following sub categories Governmental Employment Sponsor Investor A resident s visa can be granted for a maximum of three years initially, with the possibility of an extension after this initial period. Eligibility depends on a number of factors, including property ownership in the region, shareholdings in companies based in the UAE or contractual employment with a UAE based company Residential visas can also be secured through the purchase of property of a value matching or exceeding one million AED. This will not, however, guarantee a right to work in the UAE and is a complex process that has no benefit over any other Visa category with the process and costs being cumbersome. Europe Emirates Group are able navigate the process of residential visa acquisition as part of our overall service. We will identify the visa that best suits your needs, and we can make the visa application on your behalf to ensure the process is as smooth as possible. Other Services for UAE Residents: Alcohol License Assistance: If you hold a residence permit for the UAE, you are required by law to hold a liquor licence in order to legally purchase alcoholic beverages from a liquor store or to consume alcohol at restaurants/hotels. The liquor licence must be issued by the competent authority of each emirate. The applicant must be non-muslim. Note that persons born Muslims still cannot obtain a license even if they do not practise religion. PG 24

25 UAE Residency The applicant s salary must be more than AED3000 per month. The liquor license is only a buying permit and it gives no immunity against any alcohol related criminal offence. For females if you are married and sponsored by your husband, he must apply for the licence. In order to be named on your husband s alcohol licence, you must provide a photocopy of your passport and valid residence permit, along with a passport photograph. Residents over the age of 18 and sponsored by their parents cannot be added to their parents liquor licence. They must obtain their own licence and can only do this once they are working, sponsored by their employers, and earning over AED3000 a month. This also applies to children who are studying abroad but still holding a residence permit for the UAE. Disclaimer: This information is provided as a general guide only. Please check with local authorities for requirements in other Emirates. Transfer of Driving license some countries. You have to be a citizen of the country given below with current resident status in UAE. This means that former residents from these countries who may be holding permanent driver licenses are not eligible and you will have to follow all the steps to get a new license as given here. The countries from which citizens can transfer their driving licenses are given below: Australia, Austria, Bahrain, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, South Korea, Kuwait, Netherlands, New Zealand, Norway, Oman, Poland, Portugal, Qatar, Romania, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States. Please note: Driving license holders of some countries in the above list will require translations or consulate letters. Canada: A letter from the Canadian Consulate in Dubai to verify that the license is genuine is required, before transferring your license. Driving license holders from Greece, Canada, Cyprus, Poland, Turkey, Japan & South Korea will require a translation of their driving license from their respective consulates. E-Gate Card Frequent travellers entering and exiting from Dubai International Airport do not need to wait in a long queue to get a passport stamped, if they use an egate Card. You may be eligible to transfer your existing driving license, without having to take a driving test or going to a driving school, if you have a valid driving license from You head to the egate, swipe your card, touch the panel to match your fingerprint and you are through in 5-10 seconds, saving you valuable time. PG 25

26 UAE Residency Police Good Conduct Report Assistance Certificates of Good Conduct (also called Police Clearance Certificates) can be obtained from Dubai Police within 2-3 working days for residents within the country. The egate Card, issued by the General Directorate of Residency and Foreigners Affairs - Dubai (DNRD), in association with the Department of Civil Aviation, allows passengers quicker access through the immigration process at Dubai Airport, Abu Dhabi Airport and Al Ain Airport. More UAE airports will be added later. A Good Conduct Certificate is routinely asked for by employers OR THIRD PARTIES. It should not be a cause for concern and provided the individual has not been in trouble with the police it will be issued within a few days. Criteria and Documents for egate Card New egate card holder s presence Original passport (with at least 6 month s validity). You must be either a UAE citizen or an expatriate holding a resident visa. Passport photograph The egate Card is valid for two years. A similar procedure and fees are required for renewal. Availability of egate Card. PG 26

27 UAE Residency Establishment Card It is mandatory for every registered business in the UAE to have an Establishment Card therefore this needs to be renewed. Developed by the Ministry of Interior to create a comprehensive register of companies in the UAE. The Establishment Card system serves multiple purposes including ensuring the compliance of companies with immigration rules and regulations. This card must be renewed and is kept at our offices to process visas and immigration needs for employees of the company. PG 27

28 Worldwide OFFSHORE Bahamas Bahamas and corporate ownership of a company is entirely acceptable. In addition to this, the Bahamas does not levy a tax for death, inheritance or capital gains. There is no capital requirement for share issue and there are no requirements for filing annual returns or for submitting accounts to form the company. Anyone from any nation may form a company in the Bahamas, without restriction, and take advantage of what the nation has to offer. Bermuda Bermuda company formation is fast and allows for completely foreign-owned companies. These companies can organize as Bermuda Exempt Companies. It generally takes approximately one business week to complete the process, which starts with registering the name of the proposed company with the Registrar of Companies. It takes approximately 3 days to complete the process of company formation in the Bahamas. The Bahamas are part of the British Commonwealth. There are tax benefits to company formation in the Bahamas, including the fact that capital gains, transaction tax, inheritance and income tax are not imposed for a full 20 years following the date of incorporation. The Bahamas require that there be one company director and the company director may be a corporation or an individual. There is no requirement that corporate meetings be held in the Bahamas. The designation for a company formed in the Bahamas by foreign individuals is an IBC, or International Business Company. Benefits The shareholders of the company and the director can remove the requirements for keeping audited financial statements on unanimous agreement. This nation does not allow ready-made companies, but the registration process is very short and the documentation requirements minimal. Bermuda allows corporations that are 100% owned by foreign nationals. None of the information regarding the ownership of the company is made public. It does, however, have to be submitted to the Minister of Finance. It is kept confidential. An International Business Company can conduct transactions in any foreign currency without restriction. Benefits Company formation in the Bahamas is fast, transactions that take place outside the country are not taxed in the PG 28

29 Worldwide Belize required to have paid up capital, is not required to pay any local taxes and there is no requirement for a secretary. The company is tax exempt in the nation and there is no need to keep audit records. British Virgin Islands British Virgin Islands is very friendly to offshore businesses. It offers the IBC option for company formation. The British Virgin Islands is quite popular with offshore corporations and the process for getting registered is easy. Privacy is excellent and the fees are reasonable compared to other very business-friendly options. Offshore companies in Belize are referred to as Belize International Business Companies. They are commonly called IBCs. These are similar to LLCs in structure. These businesses are set up as ones that conduct their business outside the borders of Belize itself. Belize charges these company s no taxes and is very friendly to corporate privacy. Company formation in Belize does not require that any of the directors or shareholders have their information publically announced. Benefits Belize does require that you have a registered office in Belize. It also requires that you have a registered agent in the country. There is no requirement that the director reside in the nation. There are no restrictions on what currency the company uses to conduct business and the company s accounting remains entirely private. Even share registers are only allowed to be inspected by shareholders. Tax immunity extends to local and national taxes, offering complete immunity. There are no requirements for reporting in Belize. There is no requirement that the names of anyone directing or holding shares of the company are published. The company is not Benefits Businesses operating in the British Virgin Islands are required to have a physical address. This office provides the address where notices and other information can be sent to the company. There are no requirements that financial statements be filed. If income is generated outside the borders of the British Virgin Islands, it is exempt from taxes. There are no requirements for minimum share capital and there are no requirements for filing annual reports with the government. The government can work in foreign languages. The British Virgin Islands are one of the most desirable locations for foreign incorporation and Company formation in the British Virgin Islands is designed to be as fast and convenient as possible. The lack of filing requirements, lack of disclosure of corporate ownership and other forms of privacy also make it highly desirable. PG 29

30 Worldwide Costa Rica Fees are required to register the business and maintain the business, but they are attractively low. Hong Kong Costa Rica allows the formation of an SA (société anonyme, anonymous corporation). This requires that the structure of the company be disclosed, information about the share capital and other information must be provided. The company is required to maintain a minutes book for the directors and the general assembly. A registry of shareholders is required and three accounting books are required. There are no restrictions on where this information needs to be held. Provided that the business doesn t conduct commerce in Costa Rico, there are no requirements to have meetings. The company, however, must register with tax authorities. Corporation tax is not assessed unless income is generated within Costa Rico itself. Any income generated outside of Costa Rica is not subject to income tax. Benefits Costa Rica offers the advantages of having very few requirements upon foreign businesses. There is no corporate tax assessed, and therefore there is no need to file annual returns nor is there any requirement to submit accounts. Corporate anonymity is assured by the lack of a requirement to disclose any owners of the company. Private limited companies are the most common types in Hong Kong. Hong Kong company formation is governed by laws largely based on UK company law. Compliance requirements are not particularly demanding and readymade companies are generally available in this nation. If the name is approved, the Memorandum and Articles of Association have to be submitted, along with information regarding appointment of the first director and the establishment of the registered office. Benefits Hong Kong has a relatively fast registration period and his famously one of the friendliest nations to business in the world. It does have some disclosure requirements, however, and the requirement that there be an office located within Hong Kong and that there be a secretary who is a resident of Hong Kong, or a corporate resident of Hong Kong. PG 30

31 Worldwide Liberia Company formation in Liberia is a very fast process. The Liberian Registry handles the documents for the process. With all documents prepared and filed, a company in Liberia can be formed in as little as 24 hours. Directors and shareholders can be of any nationality and reside in any nation. There is no requirement that the names of beneficial owners be disclosed to the government. It is also permissible to define business activities as any business activity accepted under the Business Corporation Act. Panama Panama is a very popular nation for establishing foreign companies. The nation is useful to many different types of businesses and is very flexible. Company formation in Panama only requires one shareholder. This shareholder does not have to register any information about themselves and does not have to be recorded. Benefits Panama s very high levels of anonymity make it attractive to many offshore businesses. The system is set up to be easy to use and registration can be done quickly in this nation, not even requiring that the company name be changed to any particular alphabet or its documents translated. The entire corporation may be owned by one individual. There is very little regulation regarding the movement of capital in and out of the country and, if the company refrains from doing business in Panama, they enjoy complete tax exemption. There are no restrictions on shares and there are no requirements that the owners of the corporation disclose who they are. Benefits Liberia has favourable conditions for foreign businesses, primarily the exemption from Liberian taxes that apply to non-resident entities. While the registered office is required at the time of incorporation, record-keeping requirements are minimal and filing requirements are essentially non-existent. A business formed in Liberia is not obligated to have any Liberian participation in the management of the company. In addition to this, Liberian taxes are not assessed against any non-resident Liberian entity. This does come with the restriction that real estate ownership and trading within Liberia is not allowed for non-resident companies. PG 31

32 Worldwide Seychelles Seychelles company formation includes the International Business company option, commonly abbreviated IBC, which is currently the most popular. This is a very flexible structure and has been available since The company is required to keep accounting records, which have to show basic information about the company s financial standing. The registered agent is in charge of information about the address where the records are kept. Singapore Singapore is a very popular nation for international company formation. This nation has a stellar reputation where the formation of business entities is concerned and company formation in Singapore offers several benefits. Singapore requires that one of the directors is a citizen of the nation. If they are not a citizen, they have to be a resident with a work permit. The actual registration can be completed by a citizen of any nation, however. Benefits Singapore has a very low corporate tax rate and, for up to three years, a significant amount of profits may be obtained without any tax being levied against them. This is one of the ways that the nation entices people to open up businesses within its borders and has proven very effective. Benefits It can take as little as two days to complete company formation in Seychelles. This nation is very favourable toward privacy and allows companies to form in confidence. It also provides a completely tax exempt nation in which to found a company, provided no business is conducted within Seychelles. The only ongoing requirements, aside from fees, are that there is a registrar and a registered office in Seychelles. PG 32

33 Worldwide Turks & Caicos Turks and Caicos company formation is streamlined and offers several benefits. The TCI Exempt Company is the most popular company structure for foreign interests in this nation. It offers very little regulation to comply with. Company formation in Turks and Caicos requires one director and one shareholder. Neither of their personal information is disclosed to the public, providing strong anonymity benefits. Benefits Company formation in Turks and Caicos has particularly strong benefits where anonymity is concerned. The company does not need to maintain a Register of Directors or a Register of Shareholders. There are no audits that the company has to maintain records to accommodate. The company may also go without a register of Mortgages and Charges. Turks and Caicos have no restrictions on companies that are entirely owned by foreigners. These islands do not charge taxes in the most literal sense. PG 33

34 Worldwide United States & Canada Delaware It takes approximately four business days to incorporate a company in Delaware. Provided that the company doesn t conduct any business within Delaware itself, it will not be liable for state business taxes. Benefits What makes Delaware popular is that there is a great deal of anonymity afforded to corporation members. The state s procedure for incorporation and the fees charged are also designed to be extremely attractive, making the state so popular for company formation. Florida For company formation, Delaware is one of the most favourable and popular jurisdictions in the US. The limited liability company and the corporation are the most popular forms of corporate organization in the state. There are absolutely no citizenship or residency requirements that govern forming a corporation in the state of Delaware. In fact, Delaware is so popular for company formation that in excess of half of all of the U.S. publicly traded companies in the nation are organized formally in Delaware. The laws are very flexible and the state government is notable for being extremely friendly to business interests. The only restricted type of company is the S corporation, which does have to be owned by a U.S. citizen or a U.S. resident. It may be advisable to have a registered office within the state and the registered agent. This makes it far easier to receive official documentation from the state government. Florida company formation offers the LLC corporate structure, which is a very attractive option, given the protection from liability it affords interest holders in the company. The Secretary of State handles the formation of new companies. The first step in getting a company formed in Florida is to have the name approved. Following approval of the name, the Articles of Incorporation are sent to the Secretary of State. PG 34

35 Worldwide Shareholders in the company can be from any nation, except in cases where an S corporation is being formed, in which case they have to be US citizens or residents. The shareholders are legally considered to be the owners of the corporation. Corporate ownership of shares is permitted in the state of Florida. The directors are selected by the shareholders and are charged with handling corporate decisions. The officers are considered to be the President and CEO of the company, the Secretary, Treasurer and Vice Presidents. Like the director, the officers are appointed by the shareholders. The officers of the company have the responsibility of handling the day-to-day operations of the company. Florida will issue an employer identification number once the company is incorporated. This is also known as a federal ID number and by several other names. Under US law, it serves essentially the same purpose as a Social Security number serves for an individual. A limited liability company will have a suffix appended to the name that denotes its structure, such as LLC. It is required to have a registered agent and a registered office within the state of Florida. It takes approximately three days to get company formation in Florida completed from start to finish. It offers myriad benefits, principally a way to avoid paying self-employment tax for money earned within the United States, which is much higher than the tax charged for earning through corporations. If you actually reside in the state of Florida, you are not required to have a registered agent or a registered address, as you can provide those yourself. Florida also allows the use of PO boxes as corporate addresses and allows ready-made corporations to be purchased. It is necessary to have one of these numbers before a business bank account can be opened. The state of Florida allows owners and operators of the company to remain private. None of the directors, the shareholders or the officers of the company have to have their names publicly listed. In the case of S corporations, they are completely tax-exempt within the state and are not required to file state income tax returns at all. Florida has a very streamlined company formation process, much of which can be done online. The state of Florida has the notable advantage of not charging any personal income tax. It also allows directors to be from any nation and to reside in any nation. There is no requirement for minimum capital when forming a company and only one shareholder needs to be listed with the company. PG 35

36 Worldwide Wyoming It is only necessary to have one director to form a company in Wyoming. There needs to be one shareholder and it is permissible for the shareholders to be from any nation. There are no requirements for minimum capital and there is no requirement that the owners or shareholders be US citizens. Wyoming corporations are not required to file accounts or financial statements with the state. Additionally, the state of Wyoming does not share company information with the Internal Revenue Service. It is possible for foreign citizens to incorporate in Wyoming. Wyoming company formation offers several different benefits, including the capability of forming a limited liability company. There is a great deal of protection afforded in this corporate structure, insulating members against the actions that the corporation takes and the debts that the corporation takes on. It is not required that the operator of a limited corporation live in the state itself. In fact, Wyoming company formation can be done by anybody in the world. Wyoming is also completely free of business license requirements and the shareholder names are kept private, not even being filed with the state. Wyoming allows companies to decide upon their own shareholders meetings and director meetings and there is no state law that they have to be held at all. Wyoming also offers a C corporation, which allows a great deal of limitation on liability and a very easy process for transferring ownership of the company. The primary difference between the limited corporation structure and the C corporation structure is that the limited company will be set to dissolve after a given amount of time. The C corporation can exist forever. Wyoming charges a fee for company formation. The first step in getting the company formed is getting the name approved. After the company name is approved, the registration forms are submitted and all filing fees are paid. The Articles of Association are filed with the Secretary of State in Wyoming. Provided everything is approved, the company will receive a certificate of incorporation. The company will have to apply for an employer identification number and ensure that all of the regulatory requirements are met, depending on the industry in which the company intends to operate. The company will have to maintain statutory records, a Shareholder Register and a Director Register. Renewal fees are charged on an annual basis to keep the company in good standing. Wyoming is notable for being one of the more favourable jurisdictions for business within the USA. Wyoming company formation takes approximately 7 days to complete from the time that the name is approved. PG 36

37 Worldwide It is necessary to have a registered office and a registered agent in Wyoming so that the company can receive official correspondence from the state government and so that legal papers can be served. For the most part, however, the state is very permissive with businesses and it is easy to form a company in Wyoming, even for business people that are located overseas. Other States Incorporation in the USA The type of company and the nature of the business - which in turn will mean different requirements for licences, permits, other registrations, etc. Size of the premises, property, or other solid assets that the business will need to acquire At Europe Emirates Group we have staff with a broad range of skillsets already in the region with masses of experience of incorporating companies for non-residents. We are able to handle the entire process for you, allowing you to focus on your business affairs free of the additional time and effort required to manage the minutiae of the process. As a customer of Europe Emirates, you will be assigned a consistent contact who will serve as a personal account manager to oversee all aspects of the incorporation. They will work with you to ascertain what the purpose of the incorporation will be, where to register, and how best to go about it. They will be able to make recommendations relating to: As a non-resident, the process of incorporation in the USA involves the same process as for residents, except there are a number of points that need to be addressed that can cause additional complications such as opening bank accounts or ensuring compliance with international tax law. The process of incorporation for non-residents can therefore be quite complicated. The exact steps that will need to be followed depend on a range of factors, including: Location of the incorporated business Geographical area of its operation (especially as it pertains to business across State boundaries) Licensing; industry or state specific regulation Visas, immigration control Tax optimisation Where to incorporate; premises location Legalities of trademarks and copyright Supply chain and other support services Once these initial aspects are in hand, we will oversee the main planning stage of the process. This will involve a number of important decisions: Deciding between registering a corporation or limited liability company Deciding on the share structure, share value, & individual shareholder contributions PG 37

38 Worldwide The structure as it relates to shareholders, officers & directors, who to assign to these positions, and their roles and responsibilities within the company Europe Emirates group can look after the rest of the process virtually independently, handling all the required paperwork and completing the final, formal steps of incorporation for you, allowing you to focus on your products and services. Europe Emirates Group will manage the entire process, including: Providing all the required paperwork to the relevant authorities Forming the company Completing registration as required under the various jurisdictions that the company is to operate in Completing the formal steps relating to appointing officers and directors and issuing shares as needed in line with your decisions and instructions Opening the company bank account, and looking after the final legal and taxation issues such as acquiring the federal Employer Identification Number For more information about the process of incorporation, tailored to your specific needs, make an enquiry today. We will determine the best options for your circumstances as they relate to the state of incorporation, tax status, and all other considerations. All of our service is entirely bespoke and unique to each individual client; our objective is to ensure that you incorporate following the best possible advice available that suits your personal needs and business objectives. To find out more about how we can work together, contact us today and we will be delighted to assist you in making your business venture a success. PG 38

39 Worldwide Europe Austria with confirmation from the tax authorities themselves. After these requirements have been met, your trade license is provided. This information then has to be sent to the tax authority. The tax authority will require an opening balance sheet, ID for the managing director along with the signatures of company representatives, the Articles of Association and an excerpt from the companies register. Once this is completed, the information is given to the municipality where the company is doing the business. Citizens of any nation can form a company in Austria. Most of the limited companies formed in Austria are GmbH organizations, which affords a great deal of flexibility. This company formation in Austria is formally known as Gesellschaft mit beschränkter Haftung. Corporate shareholders are allowed for GmbH organizations in Austria. The company must have a registered office. This is to provide an address where documents can be served to the company. This must be an actual physical address within the nation. Provided all the necessary materials are in order and submitted to the correct agencies, it should take around two weeks to form a GmbH in Austria. To form a GmbH, you must provide the following due diligence evidence: Copies of passports Proof of address History of the company prior to establishment in Austria Description of company activities The company will have to prepare a NEUFO. A notary public must be engaged for the preparation and execution of the Articles of Association. The documents at formation must include the notarized declaration that the company has been established, declarations from bankers that minimum cash deposits have been made, the Articles of Association and signatures from the managing directors that document the formation tax has been paid, along PG 39

40 Citizenship By Investment Dominica A volcanically active island located in teh lesser Antilles, Dominica is aptly known as the Nature Isle of Caribbean. This island is one of the most beautiful in the world and its largely covered by thick rainforest and spotted with hot sulfur springs. Averaging only 50,000 visitors a year, tourism is still in its infancy in Dominica, where the principal economic generator continues to be in the agricultural sector. If you enjoy adventure and an active lifestyle, then Dominica may be for you. Although there are some great boutique style hotels, do not expect to find 5-star service or pampering on this island. government. The granting of citizenship is at the sole discretion of the government; there is no guarantee that the applicant will be approved. Grenada With a population of around 110,000 on the island of 344 km2 (133 mi2), the Spice Isle is one of the most breathtaking islands in the West Indies. Grenada s impressive scenery includes mountain waterfalls and golden beaches surrounded by tropical rain forests. This lush island will appeal to even the most discerning world traveller. The mix of unspoiled authentic Caribbean of yesteryear coupled with a friendly and modern lifestyle makes Grenada the perfect place to live and to pay. A Grenada passport allows visa free travel to more than 135 countries. Grenada offers no income, wealth or inheritance taxes. There is no requirement to visit Grenada in or der to qualify for citizenship through real estate investment, although all applicants are subject to a strict background check. The granting of citizenship is at the sole discretion of the government; there is no guarantee that the applicant will be approved. Large Family Friendly Programme. E2 Visa opportunity Benefits Created as a stimulus for domestic economic growth in 1993, Dominica citizenship-by-investment is one of the most affordable legal program available to the global community. A Dominica passport allows visafree travel to more than 135 countries, including the United Kingdom and Caribbean and Commonwealth nations. The island imposes no residency requirements and no income, wealth or inheritance taxes. There is currently no mandatory interview requirement for the Dominican Citizenship by Investment Program, however an interview may be required at the discretion of the PG 40

41 Citizenship By Investment St. Kitts The smallest sovereign state in the Americas is located in the Leeward Islands of the West Indies, the federation unites the islands of St. Kitts and Nevis, although both islands maintain certain independent regulation. The English-speaking islands remain under-developed by Caribbean standards, but tourism, the principal economy of the islands, has been growing steadily, bringing with it new hotel and resort developments. Both islands have international airports and are connected by two ferry lines. The islands are very naturally diverse, with extensive flora and fauna; it is estimated that St. Kitts & Nevis currently has a larger velvet monkey population than humans. There is no requirement to visit St. Kitts & Nevis in order to qualify for citizenship, although all applicants are subject to a strict background check. The granting of citizenship is at the sole discretion of the government; there is no guarantee that the applicant will be approved. Antigua & Barbuda With a population of around 110,000 on the island of 344 km2 (133 mi2), the Spice Isle is one of the most breathtaking islands in the West Indies. Grenada s impressive scenery includes mountain waterfalls and golden beaches surrounded by tropical rain forests. This lush island will appeal to even the most discerning world traveller. The mix of unspoiled authentic Caribbean of yesteryear coupled with a friendly and modern lifestyle makes Grenada the perfect place to live and to pay. A Grenada passport allows visa free travel to more than 135 countries. Grenada offers no income, wealth or inheritance taxes. There is no requirement to visit Grenada in or der to qualify for citizenship through real estate investment, although all applicants are subject to a strict background check. The grating of citizenship is at the sole discretion of the government; there is no guranteee that the applicant will be approved. Large Family Friendly Programme. E2 Visa opportunity. The Federation of St Christopher and Nevis, also known as St Kitts and Nevis, has the longest-standing (established in 1984) citizenship-by-investment initiative in the world. A St. Kitts & Nevis passport allows visa-free travel to more than 150+ countries, including all European Union countries, the United Kingdom, Ireland, Caribbean and Commonwealth nations. Citizens can often acquire longterm travel visas to the United States of America. The island federation imposes no residency requirements and no income, wealth or inheritance taxes. PG 41

42 Specialist Services Family Office Service As a high net worth individual you face many challenges managing and preserving your wealth, for you and future generations. Our family office will help you identify your goals, offer expert, pragmatic advice and craft solutions suitable to your needs. We will personally guide you through the financial maze and act as your very own family chief financial officer, effectively administering, monitoring and reporting on your financial affairs, saving you time, money and the stress of dealing with the complexities of management. Our extensive expertise in accounting, tax, business, financial and administrative support will provide you with a comprehensive and bespoke service based on your individual requirements, while still remaining objective, independent and confidential. Your decision to engage us as your family office is an important and personal one, especially since we will become a long-term trusted advisor. Who We Help International residents and non-residents Entrepreneurs and owner managed businesses Families and partnerships in conflict What We Offer Bespoke lifestyle service and administration Portfolio reporting at the touch of a button Wealth preservation and succession planning Working in partnership with other advisors Company Management Services Most onshore countries have provisions within their tax legislation whereby any company, no matter where it is incorporated, which is managed or controlled from within their jurisdiction will be tax resident there and taxable on its worldwide income at local rates. Europe Emirates provides professional corporate solutions and advice to businesses seeking to trade and invest beyond their own national borders. We offer sophisticated international corporate structuring and arrange superior banking services to meet the demands of international businesses and entrepreneurs. We have developed a reputation for providing a diverse and attractive range of international tax planning, investment holding and trading structures. Our solutions are bespoke according to each client s specifics needs and will be delivered by trusted strategic specialist advisors offering responsive, commercial and pragmatic advice by providing responsive, cost effective, commercially focused services. To establish an offshore tax residency for the company we provide professional third party officers, in most cases it is essential to take this service if tax savings are to be made. For example, any offshore company which had UK based directors would be tax resident in the UK and subject to UK tax on its worldwide income. Failure by the directors to declare the liability of the offshore company to UK tax would be an offence with potentially very serious consequences. PG 42

43 Specialist Services Yacht Registration Home port/primary country of use Crewing requirements, etc. Europe Emirates Group have highly trained and experienced staff able to advise on all aspects of the registration process. All of our customers have a dedicated client contact there to support you with advice throughout the entire undertaking. We are able to register yachts in the following jurisdictions: In addition to our services on business registration, Europe Emirates Group are also specialists in the registration of yachts. With experienced staff in locations around the world as well as in the UAE, Europe Emirates Group have all the required expertise to ensure that your new maritime acquisition goes smoothly. We understand that every acquisition or commission of a new vessel will require individualized service, as each purchaser will have different requirements. For this reason our service is completely bespoke and tailored to fit the needs of the customer. The process will involve resolving a number of details that will have a significant influence on the outcome of the process, such as: Your nationality and country of residence The length and tonnage of the vessel Any existing registration information Historical ownership documentation Whether the yacht is destined for private or charter usage The tax status of the vessel Bermuda British Virgin Islands (BVI) Cayman Islands Gibraltar Delaware UAE Dubai Seychelles Guernsey Hong Kong Isle of Man Jersey Malta Republic of the Marshall Islands Saint Vincent and the Grenadines United Kingdom Once our initial consultation process is complete, Europe Emirates Group will then take responsibility for effecting the final registration of the yacht and ensuring that all documentation and legal matters are completed in full compliance with all local and internal; we will in effect become the authorised registration agent for the vessel by the owner, who can act either as a private individual or corporate structure. PG 43

44 Specialist Services Our dedicated staff will be able to offer specialist advice that takes into account your personal circumstances to ensure that everything goes without incident. All our advisory and legal services are completely bespoke and are always delivered with the utmost discretion and professionalism. To learn more about how Europe Emirates Group can make your acquisition a success, make an enquiry today. We will be delighted to assist you. Specialist Business Plans Setting out an accurate plan will help you determine whether your business idea is feasible. By making cash flow, sales and other financial forecasts and looking at what sort of target market you will have, you can work out whether your idea will work as a business and how easily you will be able to monetize it. Because it sets out exactly what your strategies are and how you are planning to run your business, a well-written business plan containing relevant figures will help you convince investors your business is a reliable proposition. A well-researched business plan which includes the right figures and realistic forecasts will also reassure potential investors you are a sensible investment opportunity. Checklist for the Business Plan creation Everybody running a business wants a business plan to help focus strategy, manage milestones, manage metrics, assign and track responsibilities and performance, and manage money using projections for sales, costs, expenses, and cash, in addition to this if you are planning to establish your company or banking in any reputable Jurisdiction this will be a requirement before you are approved or as part of the approval process Get it right, and you ll earn the trust of investors, distributors, suppliers and staff. Get it wrong, and your business could face huge problems just getting off the ground. A business plan sets out in detail exactly how and why you will run your business Your business plan will include financial forecasts Include detailed market research Many business plans help determine how many employees you will need Update your business plan regularly Setting out an accurate plan will help you determine whether your business idea is feasible A business plan will help convince investors your business is a reliable proposition A well-researched business plan will reassure investors you are a reliable investment opportunity A business plan will allow you to map the future of your business Your business plan gives you a place to list specific goals and objectives Your business plan will help you manage cash flow PG 44

45 Specialist Services Specialist Marketing Plans We need a Marketing plan as it takes careful planning and a comprehensive understanding of the marketplace order to develop a business strategy that will ensure success. The most successful businesses have undoubtedly started with a marketing plan. A business owner must be familiar with the business s customer base, as well as the strengths and weaknesses of the business s competitors. These factors, and others, should be identified in a well-prepared marketing plan. A good plan will outline how a business can attract and retain customers, how it will compete against its competitors, and the budget needed to attain positive results. It should include market research, business location, the target customer group, competition, the product or service being sold, budget, and advertising and promotion. An effective marketing plan begins with conducting market research. This will provide relevant data that will help you solve any potential marketing problems. Often, the three most pragmatic ways to conduct market research are by using a direct mail survey, a telephone survey, or by conducting a focus group. Checklist for the Marketing Plan Creation Include a brief summary at the beginning of your marketing plan to summarize its contents You should have goals that have to be clear, measurable and attainable within a specific time period (one year is usually the most effective time period for a marketing plan). Define important characteristics about your business. Identify your customer demographics. Analyze your customers based on age, sex, profession, income, educational level, and neighborhood. Identify you competitors and analyse similarities and dissimilarities between your products and service with the competitors Describe in detail your product or service, emphasizing its special features, selling points, etc. Describe your business location, and the advantages and disadvantages of the location. List your pricing strategy and give a brief description of each technique. Banking When setting up or expanding a business into a new region, it s vital that you select the appropriate banking partner for your business needs. Local Banking The UAE as a whole has enjoyed excellent performance across its finance sector, and the solid growth of the region s financial institutions looks set to continue. The UAE s banking system has all the technological features expected of a major trading economy online banking and telephone banking from home and abroad is standard, with full multi-currency banking options as well as debit and credit cards for account holders. PG 45

46 Specialist Services It s important to note that when establishing banking arrangements in the UAE you will be required to physically sign for verification of your company bank account in the presence of the Banking Officer this is a requirement of the Central Bank of UAE, so entry to Dubai is compulsory. If you do not wish to travel to Dubai then Europe Emirates Group can make alternative arrangements in the Caribbean that do not require a personal visit by the signatory. When establishing banking for your company we work very closely with all banks in Dubai and we ll be able to match your company s profile with that of the bank, to ensure you are working with the correct institution for your business needs and future plans. We will assist you in the preparation of any application forms and all the necessary requirements in advance of opening the account; our local knowledge and experience will ensure the success of your application and avoid any administrative pitfalls. Accompaniment to the bank appointment. Preparation of all documentation needed for opening the account. Guidance on the website for opening an account (if required). Banks can be competitive and sometimes make changes in order to remain competitive. We can help you choose the best option available based on your individual needs. The documents you will need to open a personal account: Passport. Employment Pass. Proof of address such as a utility bill. International Banking To open an account in various locations sometimes you will need to be there in person to go an appointment. However in some jurisdictions this is not the case and it is not necessary to visit that country in order to open a bank account, be it for use as a corporate account, or personal bank account. Europe Emirates Group can make a process, which is renowned for being tricky, extremely straight, forward and efficient. We can also provide assistance with the following services: Organise appointments with banks. A bank account for business purposes can be opened as soon as a company has been incorporated. The documents needed to open a business account: Passport. Proof of address such as a utility bill. (This is needed for Directors, Signatories and Beneficial Owners). Board of Directors Resolution agreeing to the opening of the account (most banks will provide their own form to complete and sign). The Certificate of Incorporation. PG 46

47 Specialist Services The Company s Business Proposal from the Company Registrar. The Company s Memorandum and Articles of Association. When establishing banking for your company or for you personally we work very closely with all banks and we ll be able to match your company s profile with that of the bank, to ensure you are working with the correct institution for your business needs and future plans. Banking Service Levels Our Service Levels for Banking are designed to provide our clients with choice and are provided as below. Standard Coordination of all supporting documents required for bank account opening (Business Profile, etc.) Appointment with Bank Personal accompaniment to the bank meeting by a Junior member of our team Standard Plus Review of all supporting documents by Senior Staff Advice as to what is required in respect of presentation Coordination of all supporting documents required for bank account opening (Business Profile etc.) Appointment with bank and personal accompaniment to the bank meeting by a Senior Member of our team Premium Initial Interview with client to establish background Full review of the structure ensuring this is in line with chosen bank on boarding protocols Coordination of all supporting documents required for bank account opening Amendments to Business Profile or Creation of One Amendments to CVs to ensure suitability in respect to presentation or creation of one Website (for bank account opening purposes) Compliance Review & Due Diligence review in line with onboarding requirements of the bank Review of all supporting documents by Senior Staff and advice as to what is required in respect of presentation Pre bank meeting educational session with client so as that he may engage correctly with the bank Appointment with bank and Personal accompaniment to the bank meeting by a Senior Member of our team Follow up of the application with the Bank and reporting of the matter to the client on a weekly basis. International Payout Solution - MLM Business Account Europe Emirates provides you with the best solution with a full automatized system in order to process Payouts worldwide for your MLM Company; This product is specifically designed to satisfy all your MLM payout needs with an easy to use online system, full online support and latest generation of MasterCard Prepaid Cards ready to be delivered to your MLM Associates Worldwide. Our global relationships and knowledge of the business to bring you the most cost effective products, services and the latest technologies. This facility is only applicable to Corporates and the Corporate then issues the Debit Cards to its associates or Employee. PG 47

48 Specialist Services Features and Benefits of the MLM Business Account A full card program accesable online for payouts of commisions for your MLM Members, Transfers are done in Real Time through an Online Platform saving you both time and money, Online Platform is secured with the latest and best online encryption technology. Your Business Account can be set up in 24 Hours and receive the first card withing 3-5 working days. Your Business Account will be Gibraltar with all the advangaes and benefits of the Jurisdiction. Features and Benefits of the Cards We provide the latest generation of Master Cards Cards are available in EUR, USD and GBP currencies Card holders will have access to their own online portal from where they will be able to see their history and manage their transactions. You will be able to provide your associates with the latest generation of MastCard services, e.g. chip protected, online purchases, embossed on card, etc. It guarantees the protection of information and the privacy of the account and account holder. What is a Prepaid Card A prepaid MasterCard card works like a credit card with the difference being that the cardholders can spend only what they have pre-loaded onto the card. It is used exactly the same way as a credit card to purchase products both online and at retail locations or withdraw cash from ATMs. Prepaid, debit and the credit prepaid cards carry the MasterCard brand and they can be used anywhere that MasterCard is accepted worldwide. Prepaid cards are an alternative payment method to cash and are accepted all over the world at Point-of- Sale, for online purchases and at ATMs. The prepaid card functions like an electronic check, as the funds can easily be transferred to the prepaid card electronically, instantly. Prepaid cards are used universally, and in some places is more commonplace than the check, exceeding cash transactions by volume. The turn-key, safe, efficient and cost-savings prepaid payout card solution is a great alternative for any MLM business requiring distributor s payout. Features and Benefits of the MLM Business Account Cost Efective Both for Card Holders and Company High Allowance Our Business Account No fees on maintenance fee of the card or internal card loadings, others. (you may find the fees below). No limits on neither POS Purchase nor Card Load and up to 2,000 EUR ATM Withdrawal allowance per day. Competitors High cost of usage of the system, maintenance fees, card loadings, etc. Very limiting allowance in ATM Withdrawal, POS Purchase and Load of the card. PG 48

49 Specialist Services Closed vs Open System Card Usage Our Business Account In addition of the automatic and efficient service in real-time and cost effective payouts. Card holders will also have the option to load their cards through 3rd parties, and transfer their funds to other cards. Latest generation of MasterCard, embossed and chip protected. Accepted in more than 35.9 million locations Worldwide Competitors Most competitors only allow loading the cards through the business account only, and card users can only access the funds through a POS Purchase or ATM Withdrawal. Their cards may be outdated and is common that they malfunction and do not work with certain merchants. International Payout Solution - Business Account Europe Emirates epaid debit cards, fast track prepaid card programmes and payment solutions worldwide for Companies and Private Individuals. Europe Emirates Prepaid Cards will source the most advantageous products and services worldwide for you using our global relationships and knowledge of the business to bring you the most cost effective products, services and the latest technologies. This facility is only applicable to Corporates and the Corporate then issues the Debit Cards to its associates or Employee. Fast track prepaid card programs, loyalty and rewards systems, E-Wallet and payment solutions worldwide. EUROPE EMIRATES Prepaid Cards designs off the shelf and bespoke multi currency prepaid card programs & e-wallets, along with payment processing. If you or your company are interested in the development of a card program, then contact us. For the safety conscious customer who is concerned over identity as the prepaid master card is not linked to any bank account. Description It is a complete online solution for managing the payouts and monitoring company expenses in an atomized and efficient manner. This award winning product has been crafted specifically to provide the very best service with the best fees both for the card holders and the company. Features and Benefits of the Business Account and Cards A full card program that can be access online and allows the payouts of salaries, commissions, bonuses, all in real time with the best fees in the market. The account can be open within 24 hours and card holders can receive their cards within 3-5 working days after ordering the cards. PG 49

50 Specialist Services Cards are available in EUR, USD and GBP currencies Both company and card holders will have access to their own online portal from where they will be able to see their history and manage their transactions. The online platform and mobile app is the most user friendly and efficient, backed up with state of the art encryption technology for safe transactions and correspondence. It guarantees the protection of information and the privacy of the account and account holder. What is a Prepaid Card A prepaid MasterCard card works like a credit card with the difference being that the cardholders can spend only what they have pre-loaded onto the card. It is used exactly the same way as a credit card to purchase products both online and at retail locations or withdraw cash from ATMs. Prepaid, debit and the credit prepaid cards carry the MasterCard brand and they can be used anywhere that MasterCard is accepted. What is it Useful For E-Wallet Once funded, an E Wallet Virtual Banking account can function as a secure and convenient online e-money account allowing the cardholder access to many useful functions and features. Commission Cards Europe Emirates Prepaid Cards are also able to provide prepaid cards specifically for affiliate marketing programs. Program managers can easily pay commissions through electronic payments to their members/sales organization. Money Transfer Services Money transfer is a common method of providing payment for commissions, contracts or expenses to global payees. To receive the money transfer, the recipient must have a bank account, wait from several hours to several days for transfer completion, and pay fees for each transfer. With our IPS this is done for Free and in realtime. Travel & Multi-Currency Card Programs Travel cards are a secure and convenient method of spending money overseas, safer than carrying cash or travellers cheques and can be used a millions retail locations and ATM machines worldwide that support MasterCard. Other Uses For Prepaid Cards Worldwide payroll cards Helping the unbanked Expense account Internet purchases For parents being able to send money to children away from home Sending money home when working abroad Replacing costly cheque payments Money transfers Prepaid cards are an alternative payment method to cash and are accepted all over the world at Point-of- Sale, for online purchases and at ATMs. The prepaid card functions like an electronic check, as the funds can easily be transferred to the prepaid card electronically, instantly. Prepaid cards are used universally, and in some places is more commonplace than the check, exceeding cash transactions by volume. The turn-key, safe, efficient and cost-savings prepaid payout card solution is a great alternative for any web-based business requiring distributor s payout. PG 50

51 Specialist Services Our Service vs our Competitors Best Fees Both for the Company and Cardholder High Allowance Closed vs Open System Card Usage Our Business Account No fees on monthly maintenance of the card, internal card loads etc. (please find fee shcedule below). No limits on neither POS Purchase nor Card Load and up to 2,000 EUR ATM Withdrawal allowance per day. In addition of the automatic and efficient service in real-time and cost effective payouts. Card holders will also have the option to load their cards through 3rd parties, and transfer their funds to other cards. Latest generation of MasterCard, embossed and chip protected. Accepted in more than 35.9 million locations Worldwide Competitors High monthly cost of usage of the system, maintenance fees, etc. Very limiting allowance in ATM Withdrawal, POS Purchase and Load of the cards. Most card programs only allow loading the cards through the business account only, and card users can only access the funds through a POS Purchase or ATM Withdrawal. Their cards may be outdated and is common that they malfunction and do not work with certain merchants. Corporate account application (bs) - multi currency & debit Card Europe Emirates via our strategic alliance with Breder Suasso a Financial Service Provider (FSP) registered in Auckland, New Zealand provides both corporate and private accounts opening and MasterCards issuance. Provided with a fast-working, user-friendly and safe internet banking facilities, client is able to perform all the account operations himself 24 hours a day be it wire transfers, currency exchanges, card funding or anything else. We accept all jurisdictions (even exotic offshore jurisdictions) for accounts opening, with an exception of not accepting clients coming from New Zealand or USA. While we accept clients coming from Western Europe, Eastern Europe, Asia and other countries around the world. PG 51

52 Specialist Services Regular account opening takes around 10 business days (considering all the necessary documents and information are provided and business activity is clear to our Compliance Department), however we also provide express account opening which takes 72 hours from the moment our Compliance Department receives all the necessary documents. Breder Suasso s corporate accounts deliver numerous capabilities and benefits to businesses. You manage your wealth and funds online 24 hours a day and send or receive money, exchange currency and load your Mastercard. Breder Suasso s skill, experience and commitment combine to provide the most valuable corporate account services for businesses from diverse industries. Corporate clients make the most of the benefits of offshore current accounts that deliver financial efficiencies beyond borders. Each card comes with a separate account number linked to the main account IBAN, thus a client would need to fund his card before spending with it (this provides additional safety for the funds). Card can be issued with a name or can also be anonymous if needed (this provides additional confidentiality to the client). It¹s possible to apply for unlimited amount of cards per one account and use them for business-related purposes within company or for personal matters within family, etc. Private account application (bsb) multi currency & debit card transfers, currency exchanges, card funding or anything else. Europe Emirates via our strategic alliance with Breder Suasso a Financial Service Provider (FSP) registered in Auckland, New Zealand provides both corporate and private accounts opening and MasterCards issuance. Provided with a fast-working, user-friendly and safe internet banking facilities, client is able to perform all the account operations himself 24 hours a day be it wire PG 52

53 Specialist Services We accept all jurisdictions (even exotic offshore jurisdictions) for accounts opening, with an exception of not accepting clients coming from New Zealand or USA. While we accept clients coming from Western Europe, Eastern Europe, Asia and other countries around the world. Regular account opening takes around 10 business days (considering all the necessary documents and information are provided and business activity is clear to our Compliance Department), however we also provide express account opening which takes 72 hours from the moment our Compliance Department receives all the necessary documents. The benefits of having a Breder Suasso private account are many and varied. Most importantly, a private account gives you an affordable and efficient way to manage payments across borders. With Breder Suasso s private account, day-to-day personal expenses and monthly payments are no longer distressing matters. Our private account is designed to simplify discretionary financial transactions such as shopping at retail outlets, paying bills online, or transferring money to and from different accounts, all in multiple currencies and locations across the globe. We offer our clients the ability to obtain up to 3 Mastercards per private account for their day to day expenses. You may let your family enjoy the use of an additional card which can be used for withdrawing cash at ATM cash machines, Shop daily, process with online purchases and more. All our cards are geared with a chip and pin code to ensure the Mastercard standards security requirements. Corporate account application (bs) - multi currency & debit card Europe Emirates via our strategic alliance with Breder Suasso a Financial Service Provider (FSP) registered in Auckland, New Zealand provides both corporate and private accounts opening and MasterCards issuance. Provided with a fast-working, user-friendly and safe internet banking facilities, client is able to perform all the account operations himself 24 hours a day be it wire transfers, currency exchanges, card funding or anything else. We accept all jurisdictions (even exotic offshore jurisdictions) for accounts opening, with an exception of not accepting clients coming from New Zealand or USA. While we accept clients coming from Western Europe, Eastern Europe, Asia and other countries around the world. Regular account opening takes around 10 business days (considering all the necessary documents and information are provided and business activity is clear to our Compliance Department), however we also provide express account opening which takes 72 hours from the moment our Compliance Department receives all the necessary documents. Breder Suasso s corporate accounts deliver numerous capabilities and benefits to businesses. You manage your wealth and funds online 24 hours a day and send or receive money, exchange currency and load your Mastercard. Breder Suasso s skill, experience and commitment combine to provide the most valuable corporate account services for businesses from diverse industries. Corporate clients make the most of the benefits of offshore current accounts that deliver financial efficiencies beyond borders. Each card comes with a separate account number linked to the main account IBAN, thus a client would need to fund his card before spending with it (this provides additional safety for the funds). Card can be issued with a name or can also be anonymous if needed (this provides additional confidentiality to the client). It¹s possible to apply for unlimited amount of cards per one account and use them for business-related purposes within company or for personal matters within family, etc. PG 53

54 Specialist Services Statutory Financial Statements the law and is also acceptable internationally to financial statement users like the regulatory authorities and financial institutions etc. Financial Reporting Framework Free zone (FZ) companies in the UAE are normally required to prepare their financial statements in accordance with International Financial Reporting Standards (IFRS). Preparation and Filing of Statutory Financial Statements Joint stock companies, limited liability companies and partnerships limited by shares registered in United Arab Emirates are required to prepare annual financial statements and file these with Ministry of Economy and Commerce, U.A.E and the Concerned Authority. Joint stock companies, limited liability companies and partnerships limited by shares are required to prepare their financial statements and get them audited within 3 months from the end of the financial year. They are also required to file the financial statements within 10 days of the approval to the above mentioned authorities. All companies including all the Major Free Zones and partnerships are required to prepare full financial statements including the Balance sheet, profit and loss account and other explanatory notes as required by the law. All the entities in UAE follow International Financial Reporting Standards (IFRS) to prepare the financial statements which fulfills the minimum requirements of All other companies/partnerships limited by shares in the UAE, subject to any other requirements which may be otherwise specified, have the option to prepare their financial statements in accordance with any generally accepted framework but majority of the entities do follow International Financial Reporting standards (IFRS). Subsidiary companies of listed companies which are registered in other jurisdictions have an option to prepare their financial statements in accordance with the framework followed by the parent company. Audit Requirements for Companies Registered in United Arab Emirates. In the UAE the following form of companies must have an audit if at any time in the financial year if it s been: Joint stock companies Limited liability companies Partnerships limited by shares Any other business which is required by any other law. Auditor s Appointment, Rotation and Joint Audits Auditors in the UAE are appointed for a fixed period of one year and can continue as the auditor of the company after the first year subject to approval of the shareholders PG 54

55 Specialist Services in the general assembly meeting. The UAE does not currently have any rules relating to mandatory rotation of audit firm but there are guidelines within the ethical standards regarding partner rotation. Auditing Standards Auditors are required to undertake audits and express an opinion on the financial statements in accordance with applicable laws of the country and International Standards on Auditing issued by IFAC. Those standards require Auditors to comply with the code of ethics issued by IFAC. Ethical Framework There are no ethical standards specifically issued for UAE. All the firms here normally follow ethical standard issued by the IFAC. Some of the free zones have adopted the IFAC codes and made them mandatory for the auditors in the Dubai International Financial Center. Audit Regulation Our appointed Auditors are subject to the following external and internal monitoring processes with regard to their audit practice: External Monitoring Free Zones in UAE have rigorous processes of monitoring and streamlining the auditing practice. They monitor the practice of audit firms and review their work on an annual basis. Based on the quality review, they conduct meetings with the practitioners and ensured the compliance of the relevant laws and ISAs in the audit. Main users of the financial statements of the companies in the main land are the shareholders and financial institutions. These financial institutions have their monitoring processes to rate the firm, based on their criteria. How Europe Emirates Group Will Assist We have negotiated special rates and packages for the benefit of our clients based on the sheer volume of Companies we manage; the packages take into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance to include the following. Monthly Profit & Loss Report / Monthly Balance Sheet Compliance with regulations / Advice on controls and processing system weaknesses Confirmation of accounting treatments with respect to complex transactions Increased monitoring of prospective accounting and regulatory changes Independent review of externally reported information Yearly Audited Accounts Auditors or liquidators report Joint stock companies, limited liability companies and partnerships limited by shares registered in United Arab Emirates are required to prepare annual financial statements and file these with Ministry of Economy and Commerce, U.A.E and the Concerned Authority. In the event of winding up of the Company an Auditors or Liquidators report will be necessary. PG 55

56 Specialist Services Auditing Standards Auditors are required to undertake audits and express an opinion on the financial statements in accordance with applicable laws of the country and International Standards on Auditing issued by IFAC. Those standards require Auditors to comply with the code of ethics issued by IFAC. Ethical Framework There are no ethical standards specifically issued for UAE. All the firms here normally follow ethical standard issued by the IFAC. Some of the free zones have adopted the IFAC codes and made them mandatory for the auditors in the Dubai International Financial Center. Audit Regulation Our appointed Auditors are subject to the following external and internal monitoring processes with regard to their audit practice: How Europe Emirates Group Will Assist We have negotiated special rates and packages for the benefit of our clients based on the sheer volume of Companies we manage; the packages take into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance to include the following. We are able to provide liquidation services for all entities limited liability companies, free zone companies and offshore companies across Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, and Sharjah. Services include: Appointment as liquidator Administer the liquidation process Supervise asset disposals Negotiations and settlement with creditors Liaise with liquidation accountants Process third party liquidation costs Co-ordinating with various legal authorities and government departments File de-registrations and other formal notifications Administer the complete documentation Preparation of statement of affairs Supervise the on-going and liquidation specific accounting requirements Fee Structure Our fees structure consists of a no frills standard package in line with the Laws of the UAE that can fit all types and sizes of businesses and ensures high quality services with no hidden costs. Loyal Gold Loyal Gold is the precious metal trading and storage service of LOYAL BANK who in association with Europe Emirates Group provides investments for individuals and companies who want to diversify their wealth and preserve its value. Loyal Gold provides: Direct Ownership of physical precious metals, not indirect paper claims as with ETFs, CFDs or indirect Internet claims as with cyber gold products or services. Gold customers need to have an account with Loyal Bank and a DigiPass to conduct transactions via the NetBank. A GOLD SECURED LOAN is the loan service of Loyal Bank based where the bank will lend money to its clients secured by physical gold, physical silver, physical platinum or physical palladium collateral owned by the client and stored by Loyal Bank in its secure depository facility in Switzerland. Loyal Bank will lend up to 60 % of the market sales value of its customer s precious metal stocks PG 56

57 Specialist Services Here at EUROPE EMIRATES Prepaid Cards we are able to provide all services for you to launch a network branded open/closed loop prepaid card program with one contract in a fast time frame. Through our worldwide associations we are able to offer our services to consumers and corporations worldwide. We have extensive experience in providing local loading solutions worldwide without huge deployment costs. Real Estate Investment Funds Europe Emirates Group offer Real Estate investment services for professional High Net Worth Investors, as an independent real estate investment management firm we are regarded as a market leader. Our associates combine experience with judgment and a reputation for execution by having delivered to our clients. Our management team has worked together for more than 25 years across multiple markets and has managed billions of Euros of collective investment and asset portfolio management experience. We have built a reputation for returning capital and profits to clients throughout several market cycles. Our investment philosophy brings value to our select institutional and private investors. We take great pride in being excellent dealmakers but more importantly, we take as much pride in being exceptional managers. Our team is focused on identifying and analyzing all aspects to be incorporated into the business plan so that any unforeseen circumstance may be adequately mitigated. Once the assets have been selected for the Fund, all areas of risk are monitored on an ongoing basis. current financial climate, where savings offer low interest rates and the stock market appears volatile - property is widely considered the most attractive investment option. We will advice on tax and structuring and can manage the transaction process and financing arrangements where these are available. With our regional knowledge of property ownership laws and regulations, along with our tax planning expertise, we can help you reduce any potential exposure. Substantial benefits may be derived through the use of corporate, trust or foundation structures to address these issues. Know your risks Please remember that past performance is not a guide to future results. The value and any income derived from investments can go down as well as up and may be affected by exchange rate fluctuations. Applications to invest in any investment product referred to on this Website, must only be made on the basis of the offer document relating to the specific investment product which will be provided or made available, as appropriate, no later than at the time of investment. Depending on your individual circumstances, the investment products and services described in this Website may have tax consequences, and tax rules may change in the future. Should you wish to arrange an appointment with one of our Specialist Consultants please do not hesitate to contact us. Real Estate is one of the four most common investment practices alongside savings, shares and bonds. In this PG 57

58 Specialist Services OSC Account (Outsource Collection Account) Description A complete online solution for outsourcing the collection of receivables of companies dealing with international business to business transactions. Our OSC account has been designed to be the single best solution in the market for you and your company s international collection and repatriation of fund s needs, providing unique qualities and advantages. Features and Benefits of our OSC Account Is under the DIFC (Dubai International Financial Centre) jurisdiction and benefits from all the Regulations of the Jurisdiction. High standard of laws, rules and regulations for financial institutions and financial services. It can be open online in 24 hrs. It can be managed through the most customer friendly and secure online portal Is available in both USD and EUR Currency and the client can have a prepaid card attached to the Account. It can handle fast collection and repatriation of funds from/to anywhere in the world. It guarantees the protection of information and the privacy of the account and account holder. OSC Account vs Current Bank Account There are many reasons why our OSC Account is far much better option to collect your receivables than a standard company current bank account; the following are just one of the most important advantages according to our Clients and Agents. PG 58

59 Specialist Services Jurisdiction Privacy (Automatic Exchange of Information) Account Opening International Collection and Repatriation Card OSC Account Is well known that Dubai is now one of the best and most secure jurisdictions, their operations are compliant with the world s best practices, and their laws and regulations are internationally well accepted. Thanks to the nature and regulations of the OSC Account, the information of our account holders will not be affected by the upcoming AEOI regulations, and will remain private. Fully Online Account opening in 24 hrs. With straight forward due diligence requirements. We are in direct relationship with the biggest banks and government bodies of the DIFC, which allow you to collect and repatriate funds anywhere in the world without problems or delays, no matter the amount. We provide our customers with the latest generation of Prepaid Cards (embossed, chip protected, internet purchase etc.) Company Current Bank Account Where before offshore jurisdictions in the Caribbean, Europe and Latin-American used to be secure, well respected and able to protect the information of their account holders. Nowadays most of them are subjected to heavy compliance regulations, restrictions and sanctions affecting the end customer the most. Some of the jurisdictions have become black listed making almost impossible for the account holders to be able to manage their accounts. Starting in 2016 all Banks (even offshore) and other Financial Institutions have to disclose and provide reports on all information related to their client s accounts to financial authorities, making them liable to taxation. For some banks you need to travel to their offices to open your account, even if is online and they advertise account opening in 24 hrs. In reality and due to their regulations it takes weeks even months to open the account (if it opens). Due to the increasing sanctions and regulations to most offshore banks, making transfers in and out of the amount have become more costly and require a lot of time and effort for the account holder, waiting weeks and months for a single transfer. Most offshore banks can only provide inferior version of MasterCard. (Not protected against fraud or robbery, not embossed, not chip protected, not online purchase, etc.) PG 59

60 Family Office Services Company management services Most onshore countries have provisions within their tax legislation whereby any company, no matter where it is incorporated, which is managed or controlled from within their jurisdiction will be tax resident there and taxable on its worldwide income at local rates. To establish an offshore tax residency for the company we provide professional third party officers, in most cases it is essential to take this service if tax savings are to be made. For example, any offshore company which had UK based directors would be tax resident in the UK and subject to UK tax on its worldwide income. Failure by the directors to declare the liability of the offshore company to UK tax would be an offence with potentially very serious consequences. Most other onshore countries have similar provisions within their tax legislation so it will rarely be advisable for onshore resident clients to act as the directors of an offshore company. We specialise in creating structures so as to not to have the shareholders disclose their ownership of other companies for commercial reasons and to assist clients to keep their affairs private and to prevent unwarranted intrusion we provide the following core services: Directors We are able to provide professional directors to act on the instructions of clients. It is important to understand that our directors liabilities are exactly the same as those of any other director. When we are asked to provide directors we need to know exactly what sort of business the company is undertaking and to monitor and control its activities on a day-to-day basis. In many countries directors have to be real people - individuals like you, however in many offshore centres corporate directors are permitted. Shareholders For clients seeking privacy in their affairs we provide a shareholders service. We have formed third party companies in many jurisdictions around the world and their sole purpose is to hold shares on behalf of clients. To protect our clients interest the third party companies enter in to a contract known as a declaration of trust with the owners of the company that prevents the third party company from acting without instructions from the owners. We also provide Personal Directors. Company Secretary In most common law jurisdictions a company secretary is required. This person is responsible for maintaining the statutory books of a company and filing annual returns. In some jurisdictions corporate company secretaries may be corporate bodies whilst in other company secretaries must possess qualifications and be resident in the country of incorporation. Banking Management Services Having a third party director as bank account signatory amounts to a full company management, and is actually the most proper and most confidential form of arranging the affairs of an offshore company - while, certainly, simpler arrangements exist and are sometimes preferred. The majority of our clients request us to provide account signatories to their corporate bank accounts. PG 60