Osisko Gold Royalties Ltd - Corporate Presentation, April 23, 2024
Dubai – the gateway to global business
1. DUBAI – THE GATEWAY TO
GLOBAL BUSINESS
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2. • Dubai‘s sophisticated telecommunications and
transport facilities are one of the many
reasons it serves as the storage and
distribution hub of the Middle East.
3. • Today, Dubai serves as a global gateway, reexporting goods from around the world to
large, neighboring markets such as
Iran, Kuwait and Saudi Arabia, as well as the
countries of the Indian subcontinent and East
Africa.
4. • The list of advantages that has led many multinational companies from around the world to
move to Dubai.
5. • No taxation on profits or income No foreign
exchange controls or restrictions on capital
movement A stable, freely convertible
currency Strategic location, bridging time
zones between Europe and the Far East.
6. • Efficient and well-developed support
services, telecommunications and air links
High quality, reasonably-priced office
accommodation Excellent conference and
exhibition facilities A cosmopolitan lifestyle
and tolerant, safe and secure environment.
7. • COMPANY FORMATION
• Federal Law No. 8 of 1984, as amended by
Federal Law No. 13 of 1988 - the "Commercial
Companies Law" - and its by-laws govern the
operations of foreign business.
8. • The Federal Law stipulates a total local equity
of not less than 51% in any commercial
company and defines seven categories of
business organization, which can be
established in the UAE.
9. • It sets out the requirements in terms of
shareholders, directors, minimum capital
levels and incorporation procedures.
10. • The seven categories of business organization
defined by the Law are: General partnership
company, Partnership, Joint Venture
Company, Public Shareholding
Company, Private shareholding
company, Limited Liability Company, Share
Partnership Company.
11. DOING BUSINESS
• Over the years, Dubai has become a
destination for non-UAE nationals to be able
to do business. To further expand business
opportunities for international companies
seeking to operate in the region, Dubai offers
the following list of business enities
12. Limited Liability Company (LLC)
• Limited Liability Company (LLC) is the most
common form business in UAE. A Limited
Liability Company can be formed by a
minimum of 2 and a maximum of 50
shareholders whose liability is limited to their
shares in the businesses capital.
13. • Fifty-one per cent participation by UAE
nationals is the general requirement for the
Limited Liability Companies. Therefore the
normal shareholding pattern for an LLC will
be: 51% Local sponsor (Partner) and 49%
Foreign Shareholder (s).
14. Professional Firms ( Civil Companies )
• Foreign investors, who are qualified, can set
up partnership firm to carry out their
professional practice activities in UAE. A civil
company can only practice professional
business and is 100% owned by the
professional partners, whatever their
nationalities.
15. • A civil company for engineering must have one
partner who is a UAE National, who owns no
less than 51% of the business and must be an
engineer of the same type as the business‘s
activity. Most civil companies require a Local
Service Agent (LSA) if there is no UAE-National
partner in the business.
16. Branch Or Representative Office Of
Foreign Companies
• UAE Commercial Company Law (13) of 1988
allows foreign companies and corporations to
open Branch/Representative office to exercise
their main activities in UAE. However, these
offices are limited in the activities they may
conduct within the UAE
17. • The difference between a representative
office and a branch office is that a
representative office is limited to gathering
information, soliciting orders and projects to
be performed by the company‘s main office;
and limited also in the number of employees
they may sponsor.
18. • A representative office serves only as an
administrative and marketing unit for the
foreign company. On the other hand, a branch
office is a full-pledged business, permitted to
perform contracts or conduct other activities
as Specified in its license.
19. Free Zone Company
• UAE Free Zones are designed according to
specific or different business industry
categories and offer licenses to companies
and entities within those classifications. The
investor has the complete ownership of the
business and there is No local sponsorship or
staff recruitment essentials are imposed in
free zones.
20. • Imported raw materials and equipment are
exempt from customs duty and exports are
free of any levies in free zones. But each free
zone is managed by separate Independent
Free Zone Authority, and this authority is
responsible for issuing business permits and
licenses, employee visa and regulating the
business requirements.
21. • Each Free zone has their own rules and
regulations and the provisions pertaining to
Commercial Companies Law do not apply to
Free Zones.
22. Offshore Company
• Going offshore is the most modern popular
way of managing business as they offer
excellent and tax-efficient strategies for
entrepreneurs. Important prima facie benefits
are freedom of operations, confidentiality and
ease of running business. As―tax-free‖
business territory, UAE is one of the wellknown jurisdictions in the world for
incorporating offshore company.
23. • Overall, Dubai presents international business
with a wide range of opportunities for
different activities and operations. Dubai is
continuing its development into one of the
world‘s major economic and business
hubs, which makes it a great place for doing
business.
24. • With the ever increasing numbers of
foreigners coming to Dubai, new markets and
opportunities are constantly emerging.
