The document provides information about doing business in the United Arab Emirates (UAE). It discusses the UAE's economy, currency, languages spoken, and competitive advantages for business. It outlines the types of business entities (LLC, free zone company, offshore company) and compares the benefits of establishing a company in a free zone, such as tax exemptions. The document also summarizes services provided by Intuit Management Consultancy to help companies set up and operate businesses in the UAE.

1. WE B I N AR – 2 9 T H M AR C H 2 0 1 3
DOING BUSINESS IN
UNITED ARAB EMIRATES
INTUIT MANAGEMENT
CONSULTANCY

2. ABOUT UNITED ARAB EMIRATES
• Area: 4,114 sq. km.
• Currency: United Arab Emirates Dirham
(pegged to USD – USD 1 = AED 3.67)
• Local Time: + 4 hours GMT
• Language: Arabic (official Language)
• English, Hindi and Urdu are also used
• Over 140 nationalities work in United Arab Emirates
• The UAE was ranked 22 globally, compared to 46 in 2012, and first in the Arab world
in ease of starting a business in 2013 (as per the World Bank – Doing Business
Report)
• The UAE is bidding to host the World Expo 2020 in Dubai. Every five years and for a
period of six months, World Expos attract millions of visitors. The World Expo has
never been held in the Middle East, Africa and South East Asia in the history of the
event.

3. LOCATION
• It located in the Arabic
Peninsula, with Oman to
the East and North, and
Saudi Arabia to the West
and South.
• This young nation, made
up of seven Emirates -
Abu Dhabi, Ajman,
Dubai, Fujairah, Ras Al
Khaimah, Sharjah and
Umm Al Qaiwain - was
established in 1971.

6. In 2013

7. BRIEFING
• Long recognized as the leading regional trading
hub in the Middle East, UAE has transformed itself in
recent years into a truly international business
center of global significance
• Today, the UAE offers international companies an
ideal gateway for developing their business
throughout the Middle East, Asian subcontinent,
East Africa, the Eastern Mediterranean, CIS and
Central Asia

8. BRIEFING
• Increasingly, international companies are
recognizing that UAE's expanded business horizons
cover many of the emerging markets for the future
• The region has a combined population of 4.04
million, and a large proportion of this total will enter
the international consumer market for the first time
in the 21st century
• Manufacturing, tourism and services are all growing
strongly, helping to create a well balanced and
diversified economy

9. TYPES OF COMPANIES
Limited Liability Company (LLC)
• LLC allows you to do local trade and services. It is recommended
for companies who want to pursue retail business. In addition to
local trade it also permits global trade.
Free Zone Company
• Free Zone Company allows you to do global trade and local sale
is permitted through the local U.A.E. agent / distributor
Offshore Company
• Offshore Company permits only international trading / services
outside U.A.E.

10. COMPARISON

11. FREE ZONES

12. FREE ZONE ADVANTAGES & BENEFITS
Tax Incentives
• 100% Corporate tax exemption
• 100% Import & Export Tax exemption
• 100% Personal Income Tax exemption
Investment Incentives
• 100% Foreign company ownership
• 100% Repatriation of capital and profits
• Abundant and inexpensive energy
• Easy availability of inexpensive workforce
Competitive Advantages
• 'One-stop-shop' Administration services
• On-site customers inspection
• Companies at Free Zone can operate 24 hours a day

13. WHY OFFSHORE?
Dubai represents a unique opportunity in the offshore world today. It has a
number of key advantages over other locations which, when combined,
provide clients with the most confidential and secure offshore solution
available anywhere.
• Dubai is a very liberal, oil rich Gulf State which has reinvested its oil wealth
to produce a balanced economy. The oil sector now comprises only 20%
of the country’s Gross National Product with the balance being
dominated by financial services, tourism, manufacturing and trading
activities
• It has a state of the art banking sector to service its wealthy indigenous,
expatriate and offshore clientele. Dubai provides banking privacy, which
is better than Switzerland, for high net worth individuals to live and work
and for ALL individuals to locate their offshore assets
• Most importantly, there are no taxes of any kind on onshore or offshore
activities! It is not a “tax haven” but a country with no taxes!

14. WHY OFFSHORE (CONTN.)
Individuals and companies go offshore for a wide variety of reasons;
• tax planning
• protect and grow wealth
• enhance privacy
• avoid unnecessarily intrusive bureaucracy
Offshore structures are used for a variety of purposes with the above named objectives in
mind. Some of them are as follows:
a) Asset ownership: Since an offshore company has a separate legal persona from its
shareholders and directors, it can hold assets to avoid lengthy probate issues and own
property and land to avoid capital gains tax.
b) Trading activities: An importing and/or exporting company can be established offshore
which acts as the agent or distributor of a company or individual in a high tax jurisdiction.
The offshore company’s fees, commissions and other earnings are free of tax in its
jurisdiction.

15. WHY OFFSHORE (CONTN.)
c) Professional service companies: Individuals earning substantial fee income can benefit from utilizing an
offshore company for billing purposes. The salary drawn from the offshore company may be subject to tax
where the individual is working but the surplus can be invested free of tax.
d) One-off transactions Offshore companies are often formed to take tax advantage of a non-recurring
transaction involving a large capital gain or profit. The offshore company can provide services relating to
the transaction and retain its fees free of
tax.
For example, you may well benefit from using an offshore structure if you are involved in the following types
of transactions;
• Property ownership: An offshore company may not be subject to capital gains tax on the increase in
the value of a property which it owns
• Contract worker: As a contract worker you may benefit from billing your services in the name of an
offshore company. You are normally liable for tax on the salary paid by the offshore company to you
but any funds left in the company may be tax free until you actually receive them
• Inheritance tax: Careful use of an offshore structure can reduce or eliminate your inheritance tax bill
and you can then leave more to your heirs.

16. THE TAX FREE ENVIRONMENT
• No Corporate Tax
• No Income Tax
• 100% Ownership in Free Zones
• No foreign exchange controls, trade barriers or quotas
• No restrictions on repatriation of funds
• Strong investor incentives and Protections
• Easy access to key decision makers

17. DOUBLE TAXATION TREATY
As of 17 October 2012, the UAE has signed and adopted 66
double taxation avoidance agreements
The UAE does not have any enforced federal income tax
legislation for general business. An income tax decree has
been enacted 5 of the 7 Emirates, but in practice, the
enforcement of these decrees is restricted to foreign banks and
oil companies. This practice is not likely to change in the near
future as the relevant mechanisms with which to implement the
tax decrees have not yet been established.
Tax Residency Certificate (TRC)
Many governments have started insisting on the TRC to ensure
that the companies operating in UAE have substance. The
Ministry of Finance issues TRC to companies operating in Dubai
provided the conditions are met.

18. PORT FACILITIES
Jebel Ali Port is the largest man-
made harbor and the biggest
port in Middle East.
It has been voted the best sea
port in the Middle East for 18
consecutive years
DP World, UAE Region recorded
a throughput of 13 million TEU in
2011. Additional capacity
comprising of 1 million TEU to
the existing facility at Jebel Ali
Port and development of a
new 4 million TEU terminal, takes
the total handling capacity to
19 million TEU by 2014.

19. OUR SERVICES
• Market Entry Services
• Incorporation Advisory
• L.L.C. , Free Zones and Offshore
• Structuring of Cross Border Investment, Trading, Licensing,
Financing and
• Fund Formation & Administration
• International Tax Structuring
• Trade & Treasury Services
• Accounting & Reporting
• Corporate Finance
• Trademark Registration
• Estate Planning
• Recruitment Services

20. OUR GROUP
• Intuit Management Consultancy - www.intuitconsultancy.com
Intuit Management Consultancy is a cross border advisory firm specializing in market entry services for the IMEA (India, Middle East, Africa)
region. We specialize in business setup solutions, company formation and management, offshore incorporations, international tax
planning, accounting& reportingservices, corporate finance, trademark registration, outsourcingsolutions and recruitment services.
• Pradeep Bhandari & Associates - www.pbassociatesonline.com
Pradeep Bhandari & Associates is a professional firm of Chartered Accountants established in the year 1979 providing services in auditing,
taxation (direct & indirect) ,International Taxation, Corporate Law, Foreign Exchange Management consultancy, Inbound and Outbound
Investment Advisory.
• Intuit Trading Private Limited - www.intuitimpex.com
Intuit Trading is your one stop access to quality products sourced from China and India and delivered to your doorstep. As the bridge
between importers and exporters, our aim is to facilitate the best solutions to reduce both direct and indirect sourcing expenses, ensure
value for money and time efficiency. Operating from offices in India, China and United Arab Emirates, we are backed by a network of
affiliates and supply partners across the world.
• Intuit Outsourcing - www.intuitoutsourcing.com
Intuit outsourcing is a business process outsourcing firm specializing in finance and accounting offshore solutions offering outsourced
bookkeeping, accounting, payroll and many other business support services to its client globally.
• Intuit PRO Services - www.intuitproservices.com
Intuit PRO services provide specialized solutions to its clients seeking support to manage procedures and formalities concerning the U.A.E.
Government. We provide services in labour, immigration, economic and municipality, foreign affairs and various other departments.

21. CONTACT US
• United Arab Emirates
Khalid Bin Al Waleed Building
Level 2, Office 203
Khalid Bin Al Waleed Street
Bur Dubai, Dubai. U.A.E.
Phone: +971 4 3518381
Fax: +971 4 3518385
• India
# 7 Sriji Palace
17 E.V.K. Sampath Road,
Vepery, Chennai -600007.
Tamilnadu, India
Phone : +91 44 25611073
Fax : +91 44 42034149
bc@intuitconsultancy.com
www.intuitconsultancy.com

22. DUBAI EXPO 2020
MASTERPLAN
http://www.youtube.com/watch?v=Lb
gAJ5mK8qI