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ABOUT US UAE2

ABOUT USSpecialising in company formation and business setup solutions in the United Arab Emirates(UAE) and across a range of offshore jurisdictions, we advise clients and advisors alike onappropriate incorporation solutions tailored to specific business needs.

With over 40 company years of combined industry experience, Trinity Group can assist with the following corporate solutions in the UAE:

• Incorporation of a Limited Liability Company (LLC)• Establishment of a Branch Office or Representative Office• Setting up a Professional Service Company or a Civil Company• UAE Free Zone Registration• UAE Offshore Company Formation• Setting up a Single Family Office

We can also incorporate, administer and manage companies in all major offshore jurisdictions including some of the most popular jurisdictions like:British Virgin Islands, Belize, Bahamas, Cayman Islands,Hong Kong, Mauritius, Seychelles.

ABOUT US UAE 3

UAEWith Dubai at its commercial hub the seven emirates of the UAE offer an attractive and flexible framework for international trade and investments and provide access to markets of outstanding potential. Some of the key attractions/advantages of the UAE include:

• No corporate tax or income tax • Highly developed infrastructure for tourism, banking, entertainment and business• Political and economic stability• Comprehensive legislation encouraging and protecting investors’ interests• Competitive cost structure & extensive foreign trade network

Licenses issued for business activity in the UAE fall under 3 categories:

• Commercial for trading activities• Professional for professions, services, craftsmen & artisans• Industrial for industrial & manufacturing activities

COMPANY ZONE4

LIMITED LIABILITY COMPANY (LLC)A Limited Liability Company (LLC) is the most common type of registration in the UAE and is recommended where the purpose of the entity is to make sales within the region.However, it should be noted that 100% foreign ownership of such an entity is generally not permitted, with an exception for nationals of GCC (Gulf Cooperation Council) countries, who can be 100 % owners of a LLC.Under the UAE Commercial Companies Law (CCL), foreign investors are permitted to hold up to 49 % equity ownership in UAE companies and 51 % of the equity must be held at all times by one or more UAE nationals. Despite the split in shareholdings, profits may be divided inpre agreed ratios, taking into consideration efforts of foreign partners in management, provision of technology or expertise.Depending on the business activity, we can assist in identifying a suitable local sponsor and if required we can also arrange for corporate local sponsorship company managed by Trinity to act as the 51% local sponsor of the LLC.

BRANCH/REPRESENTATIVE OFFICEA branch office has the same legal identity as its parent company, it may only be engaged in activities similar to those of its parent company but it is not permitted to carry on the business of importing the products of its parent company, a function reserved for local trade agents.Representative office, on the other hand, is limited to promoting its parent company’s activities (gathering information and soliciting orders and projects to be performed by the company’s head office).A UAE national must be appointed as a ‘service agent’ for the branch or representative office.A service agent unlike a commercial agent is not permitted to own equity in or participate in the substantive management of the branch or representative office. The fees paid to the service agent are a contractual matter between the service agent and the foreign company.Trinity can assist in identifying a suitable local service agent and if required we can also provide a corporate local service agency managed by Trinity to act as the local service agent of the branch I representative office in UAE.

PROFESSIONAL SERVICE COMPANY/ CIVIL COMPANYA Professional Service Company and a Civil Company are the most common forms of civil entities used by foreign investors / professional individuals in Dubai and Sharjah to provide professional services. A professional license is awarded to skilled professional having the relevant qualifications and experience.

A Professional Service Company is a Sole Establishment, while a Civil Company is a business partnership of two or more professionals.

The primary benefit of establishing those entities is that can be 100% foreign owned. However it is mandatory to appoint a UAE national as a Local Service Agent, whose role is only to assist in obtaining the required approvals from the various government departments in order to obtain the license.

COMPANY ZONE 5

FREE ZONEThe main attraction for setting up a company in a free zone is that there is no UAE national shareholding required. All free zones in UAE offer the following incentives:

• 100 % foreign ownership of the enterprise• 100 % repatriation of capital and profits• No currency restrictions• No corporate tax• No personal income taxes

Investors can either register a new company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC), or simply establish a branch/ representative office of their existing or parent company based within the UAE or abroad.

Free zone companies can only operate within the free zone boundaries (sales or provision of services outside of the free zone and within a particular emirate in the UAE must be carried out through a local distributor or UAE official agent). UAE has over 35 free zones of which more than 20 are located in Dubai. Depending on the business activity that one intends to conduct in UAE, Trinity can advise on the various options that are available and can assist in selecting the most suitable free zone.

OFFSHOREUAE offshore company registration is a very popular method of doing business in the Middle East region. One of the most important reasons is the ability to set up and open bank accounts in the United Arab Emirates.However it should be noted that the UAE offshore company is not allowed to conduct any business activity in UAE or in the free zones.UAE offshore companies benefits:

• No corporate tax• 100 % foreign ownership• Limited liability company• Privacy and confidentiality• Ability to maintain multi-currency bank accounts in the UAE

UAE offshore company incorporation requires the services of a registered agent and Trinity is appointed as approved registered agent and can assist with the registration of an offshore company in Dubai and in Ras Al Khaimah.

SINGLE FAMILY OFFICEA Family Office provides a complete, seamless and integrated financial service for high net wealth individuals and their families who wish to ensure the successful transfer of wealth across generations and the ongoing management of the family’s wealth.A Family Office is a private wealth management advisory firm which oversees and manages liquid and illiquid assets (e.g. real estate portfolio or art collection), can offers consolidated reporting of the family’s wealth, budgeting, insurance, tax services, deal with succession planning of the business and the private assets (family charter, governance issues, trusts, foundations), looks after the charitable giving. In addition, the family office can also handle non-financial issues such as private schooling, travel arrangements and other miscellaneous household arrangements.Trinity supports wealthy families and their advisors in mastering the unique challenges of managing family wealth, assisting in the setting up and operating family offices, and planning for future generations in the most suitable jurisdiction. In the UAE it is permissible to set up a Single Family Office in Dubai Multi Commodities Centre (DMCC) and in Dubai International Financial Centre (DIFC).

WORLWIDE JURISDICTIONS OTHER SERVICES6

WORLWIDE JURISDICTIONSFaced with numerous and sometimes confusing incorporation options our aim is to assist clients in selecting an appropriate jurisdiction by taking a collaborative approach to their business requirements.

The jurisdictions highlighted below are by no means exhaustive but in each case we have set out the characteristics of incorporation in some of the world’s more well known offshore and onshore centers.

• BAHAMAS

• BELIZE

• BRITISH VIRGIN

• ISLANDS

• CAYMAN ISLANDS

• CYPRUS

• HONG KONG

• ISLE OF MAN

• JERSEY

• MALTA

• MAURITIUS

• NEW ZEALAND

• SEYCHELLES

• SINGAPORE

• SWITZERLAND

• UNITED KINGDOM

trinitycorporateservices.comtrinitycorporateservices.com

Dubai Office 1009 10th Floor, International Business Tower

Business Bay, P.O. Box 58562, Dubai, UAE T: +97144478931 | F: +97144478924

Mail: companyformation@trinitygroup.eu

ZurichBahnhofstrasse 52, CH-8001 Zurich, Switzerland

T: +97144478931 | F: +97144478924 Mail: info@trinitygroup.eu