tmf-group.comUnited Arab Emirates

QuickStart: to Market Entry

Whether entering the market or simplifying operations, we can give you a QuickStart.

Whether entering the UAE for the first time or simplifying existing operations, we can give you a QuickStart.

International incorporation and structuring: We manage the legal set- up and structuring of new or existing operations, whether it is an onshore operation, Special Purpose Vehicle, Offshore, Free Zone or a new company, a subsidiary or a branch.

International entity management: We help you stay compliant, manage your risk and stay on the right side of regulators and filing requirements. We provide registered address and Directorship services for Special Purpose Vehicles, Holding Companies and Trusts through the Abu Dhabi Global Market (ADGM) Free Zone.

Accounting and bookkeeping: We take care of bookkeeping, management reporting, consolidation reporting and statutory accounts, reporting to relevant UAE and international standards, tailor-made as per your requirements.

HR and payroll: We provide services for companies of any size by applying and implementing local labour law policies in employment contracts and handbooks, supporting with visa applications and any other necessary registrations as well as paying your staff in compliance with local laws and regulations.

We help you understand the local market

We help keep you stay compliant with local regulations and filings

We handle your bookkeeping and accounting requirements

We help you with local employment contracts, including visas, and get your staff paid on time

We help you set-up your company and handle the full process for you

TMF Group has local experts in the United Arab Emirates; in both Abu Dhabi and Dubai, providing incorporation, compliance, corporate secretarial, accounting, payroll and visa services to multinational and locally-based clients.

We can get you set up, provide a single point of contact and take care of those ‘non-core’ elements that keep your business moving, while you focus on what you do best: selling your products and services.

By taking the burden of the back office and centralising it through a single provider, we work with you to increase efficiency and help strip out any unnecessary costs.

QuickStart: to Market Entry UAE has five main elements:

What makes us different? TMF Group is the global expert that understands local needs.

KNOWLEDGE: Based in-country, our independent experts understand the local market and all its associated legal, financial and regulatory compliance requirements.

FLEXIBILITY: We can offer an individual and tailored service that is scalable in line with business needs and is invoiced in whatever currency the client prefers.

CONTROL: Through our worldwide network of wholly-owned offices, we can offer global reporting and one single point of contact to businesses operating across multiple regions.

SPEED: Our local presence helps businesses to take an agile approach and enter new markets more quickly than their competition.

RANGE: We are the only global organisation to offer a complete suite of complementary business solutions.

TMF Group serves clients of all sizes and from all sectors; everyone from a small start-up to a large multinational. We work with more than 40% of the current S&P 500 and Fortune 500.

Thinking of doing business in the United Arab Emirates?

The challenges ...Lack of local knowledge may result in:

INCREASED BARRIERS TO ENTRY EXCESS TIME BEING LOST PENALTIES FOR LACK OF COMPLIANCE LOST BUSINESS

Jurisdictional complexity: With 40 different jurisdictions over seven Emirates across the UAE, it can be a challenge for international businesses to decide the most appropriate jurisdiction in which to set up. With many Free Zones in both Dubai and Abu Dhabi, each with its own laws and regulations, choosing where best to set up your business can be a complex journey.

Set-up time: Setting up in the UAE can take time, particularly when deciding on the right jurisdiction for your business, and navigating the different regulations and requirements must be the essential first step in your UAE strategy. Understanding the local ownership structure for companies and the trading legislation can also be difficult.

Strict compliance: Once you are established in the UAE there are often a range of compliance measures to take into account, making correct and timely filing, renewal of company documents and employment regulations. Failure to do so or incorrect procedure can lead to fines or company suspension.

... and the opportunitiesGreat reasons to invest in the UAE

Geographical advantage: The UAE is a global hub, positioned perfectly between Europe and Asia with many different business options available. With four large international airports, state-of-the-art ports across the country in key shipping routes, excellent road networks and a country-wide train network under construction, the UAE can provide the right infrastructure for your business needs.

Structuring possibilities: The UAE market allows Free Zone companies, branches, Special Purpose Companies, Holding Companies, Trusts or Offshore entities and onshore companies or branches, which provide a range of options to international companies wishing to expand; and to entrepreneurs looking for a new market in which to set up. Different Free Zones offer different set-up options with some reducing administrative burdens and speeding up incorporation times.

Continuing growth: The business environment is fast paced and there is a stable economy within the Middle Eastern region. The development of new Free Zones in the capital, Abu Dhabi, increasing market competition and diversification coupled with Dubai’s winning bid for the Expo in 2020 shows that the UAE is continuing to grow as a global business hub.

The UAE offers a tax free environment, a good labour force base and it is a great place to live.

Talk to the local experts

TMF Group is continually developing its offerings in the Middle East and neighbouring Africa. In the Middle East, we have offices in Abu Dhabi, Dubai and Doha and we service clients in Saudi Arabia, Bahrain, Jordan, Egypt and Lebanon. The management team, with over 50 years’ experience in the region are experts; not only in their fields but in the local culture, business practices and the way to do business locally.

Whilst we have taken reasonable steps to provide accurate and up to date information in this publication, we do not give any warranties or representations, whether express or implied, in this respect. The information is subject to change without notice. The information contained in this publication is subject to changes in (tax) laws in different jurisdictions worldwide. None of the information contained in this publication constitutes an offer or solicitation for business, a recommendation with respect to our services, a recommendation to engage in any transaction or to engage us as a legal, tax, financial, investment or accounting advisor. No action should be taken on the basis of this information without first seeking independent professional advice. We shall not be liable for any loss or damage whatsoever arising as a result of your use of or reliance on the information contained herein. This is a publication of TMF Group B.V., P.O. Box 23393, 1100 DW Amsterdam, the Netherlands (contact@tmf-group.com). TMF Group B.V. is part of TMF Group, consisting of a number of companies worldwide. Any group company is not a registered agent of another group company. A full list of the names, addresses and details of the regulatory status of the companies are available on our website: www.tmf-group.com.

© April 2016 TMF Group B.V.tmf-group.com

Get in touch with the TMF Group team to discuss how to grow your UAE business.

uae@tmf-group.com

Our offices in the UAE

TMF Group B.V. (Dubai)Nassima Tower - Office 1401Sheikh Zayed RoadDubai, United Arab EmiratesT. +971 4 321 8498

TMF Group (Abu Dhabi)Abu Dhabi Global Market (ADGM)Al Maqam TowerAl Maryah IslandAbu DhabiUnited Arab EmiratesT. +971 2 418 7577