United Arab Emirates Business Guide Country Profile Economic Indicators POPULATION PRELIMINARY RESULTS BY EMIRATE Emirates Abu

Dhabi Dubai Sharjah Ajman Male 850,069 881,022 473,653 120,290 Female 442,050 319,287 251,206 69,559 17,940 76,830 45,165 Total 1,292,119 1,200,309 724,859 189,849 45,756 197,571 118,617

Umm Al Quwain 27,816 Ras Al Khaima Fujairah TOTAL PERCENTAGE 120,741 73,452

2,547,043 1,222,037 3,769,080 * 67.6 % 32.4 % 100

* This number does not include 335,615 not included in the census BUILDINGS, HOUSING AND ESTABLISHMENTS BY EMIRATES Emirates Abu Dhabi Dubai Sharjah Ajman Buildings Housing Establishments 117,469 79,214 57,153 17,898 287,189 50,425 237,728 73,294 201,033 36,584 50,237 10,988 50,321 26,364 11,427 2,238 12,016 6,263

Umm Al Quwain 8,741 Ras Al Khaima Fujairah TOTAL 40,143 16,197

336,815 863,860 192,247

POPULATION PRELIMINARY RESULTS BY NATIONALITY NATIONA LS Male 418,057 50.6 % Female Total NON NATIONA LS Male Female Total TOTAL Male Female Total

406,86 824,92 815,17 2,944,15 2,547,04 1,222,03 3,769,08 2,128,986 4 1 3 9 3 7 0* 49.3 % 21.9 % 72.3 % 27.7 % 78.1 % 67.6 % 32.4 % 100 %

* This number does not include 335,615 not included in the census APPROXIMATIONS DONE FOR THE SAKE OF BUSINESS Total Population of UAE : 4.00 Million Nationals (22 %) : 0.90 Million Non Nationals (78 %) : 3.10 Million Total Males (68 %) : 2.55 Million Total females (32 %) : 1.25 Million Nationals between the ages 25 – 40 years : 0.5 Million Non Nationals between the ages 25-40 years : 1.50 Million Target customers : 2.00 Million http://www.getamarket.com/country/content/27,39,91/united_arab_emi rates_country_profile_economic_indicators.html

Taxes & Legal Framework Economic & Business Activities in Abu Dhabi LAWS REGULATING THE PRACTICE OF ECONOMIC & BUSINESS ACTIVITIES IN ABU DHABI Article 23 of federal law No.18 of 1993 concerning Commercial dealing provided that: • “It shall not be permissible for non-UAE nationals to run business unless upon joining a partner or partners holding the UAE nationality in accordance with the terms of, and within the limits specified in the Commercial Company law”.

• With reference to the aforesaid Federal Law No.8 of 1984 and the amending laws thereof Article 22 provided as follows: • “ Observing that Commercial activities are confined to nationals as provided in this law or in any other law, every company incorporated in the state must have one or more national partner whose share must not be less than 51% of the company capital”. • Article 5 of the said law defined seven types of companies which are (General Partnership, Simple limited Partnership, Joint Participation (“Venture”), Public Joint Stock, private Joint Stock, Limited Liability Company, Partnership Limited with shares). • Article of 314 of the UAE Company Law also granted foreign companies the right of establishing branches or offices in the country, providing that such a branch or office must have a national services agent. If the agent is a company, it must be a national company in which all partners should be nationals. • The agents obligations towards the company should, however be confined to rendering necessary services to the company in respect of getting required Licenses without sharing in the capital or management, and without bearing any losses or obligations. • Article 92 of the UAE Civil Code defined legal entities in such a way that included all associations and enterprises incorporated according to the provisions of the Law. • Trade License Law No. 5 of 1998 and the amending Laws thereof, also provided that except those exempted by one Ruler, it shall not be permissible for any person to practice any business activity unless upon acquiring the required License, as it is determined. • Article 13 of Law No. 7 of 1998 concerning Abu Dhabi Chamber of Commerce & Industry provided that those national or foreign individuals; companies or enterprises practicing business; industrial; financial; or contracting activities within the Emirate, or those having branches or offices to practice permanent or temporary activity shall have to join the Chamber. • It is understood from the sense of all these provisions that it is a must for any natural or legal person whether he is national or foreign investor to acquire a license allowing him to practice requested economic activity A. TYPES OF LICENSES IN ABU DHABI AND APPERTAINING REQUIRED DOCUMENTS: • NATIONAL PROPRIETORSHIP (100% NATIONAL): 1. Selection and approval of trade name (Chamber approval). A Publication of Abu Dhabi Chamber of Commerce & Industry 2. Lease contract involving the headquarters through which the activity is intended to be practiced. 3. Passport photocopy plus personal photograph of the national owner. 4. Definition of activity (Commercial: professional or vocational). 5. Acquiring competent authority approval whenever required for certain activities.

6. Completed application forms prepared for the purpose by the Municipality; Commercial Register and Chamber Membership Department • COMMERCIAL COMPANIES (51% MINIMUM NATIONAL SHARE): 1. Getting the selected trade name approved in accordance with the requirements provided in the commercial Company Law (Chamber approval). 2. Partnership agreement duly authenticated by the Notary public. National(s) share should not be less than 51%). This will be without any prejudice to other provisions and requirements provided in the Commercial Company Law, in respect of the Company type or legal status. 3. Lease contract involving the headquarters through which the activity is intended to be practiced 4. Passport photocopy plus personal photograph of each partner. 5. Definition of required activity. Getting it approved by respective competent authority, whenever required for certain types of activities. 6. Bank certificate, certifying that the company capital has been already paid-up at one of the banks operating in the Emirate, along with a statement showing the cash shares of partners. 7. Completed application forms prepared for the purpose by the Municipality; commercial Register and Chamber Membership Department. 8. Registration of the partnership agreement at the Ministry of Economy & Commerce • FOREIGN COMPANY BRANCHES: 1. Adopting the same mother Company’s name for the branch in Abu Dhabi (Chamber approval). 2. Detailed statement on the activity required to be practiced by the branch. Getting it approved by respective competent authority whenever required for certain activities, with consideration to that the branch activity must be among those practiced by the mother foreign company. 3. Contract agreement with a services agent holding the UAE nationality. The agreement must be duly authenticated by the Notary Public. 4. Submission of a duly attested “Undertaking” issued by the mother country pledging to bear any financial liabilities on behalf of its branches in the UAE. 5. Duly attested decision taken by the concerned administrative body at the mother Company confirming willingness to open a branch in Abu Dhabi. 6. Duly attested official certificate issued by the competent authority at the country in which the foreign company is registered. The certificate must state for the company registration; legal status; capital; names; capacities and powers of its representatives. 7. Duly attested facsimiles of the mother company’s letter of incorporation and articles of association.

8. Latest duly attested couple of balance sheets accredited by the mother company, along with auditor report: profit/loss accounts and other balance sheet-related explanations. 9. Statement, showing main operations and activities practiced by the foreign company outside the UAE, and accounting for its previously accumulated experiences. 10. Duly attested power of attorney in favor of the Company’s representative in Abu Dhabi, along with his passport photocopy and personal photocopy. 11. Passport photocopy and personal photograph of the national services agent if he is a natural person. In case he is a legal entity, an official certificate confirming that all partners are UAE nationality holders should be attached along with copies of issued licenses. 12. Statement showing the number of employees expected to be recruited in the company branch in Abu Dhabi. 13. The branch capital amount that was mentioned in the national services agent agreement must not be less than Dhs. 250,000 14. All documents should be translated into Arabic by an authorized legal translator and duly attested by the UAE Ministry of Justice. B. APPOINTMENT OF COMMERCIAL AGENT (EXCLUSIVE DISTRIBUTOR): Foreign companies unwilling to come to Abu Dhabi to acquire License, yet interested in finding access to the UAE markets or seeking to offer their services, may appoint a commercial agent in accordance with the provisions of Federal Law No.18 of 1981 concerning the organization of commercial agencies and amending Law No. 14 of 1988. Such agent may promote the foreign company product and services by means of exclusive sale or distribution within the specified territory of the agency. This can be done by virtue of a relevant agreement which should be duly registered at the Ministry of Economy & Commerce. However, foreign companies may have one agent to cover the whole UAE territories or one agent in each Emirate. GENERAL PROCEDURES FOR ACQUIRING LICENSES 1. Applicant may approach the Abu Dhabi Municipality Department once the required trade name is duly approved by Abu Dhabi Chamber of Commerce & Industry. A special application form should be completed, then attached to other documents. 2. The Abu Dhabi Municipality Licensing committee, thereafter reviews application and supporting documents and determines whether a submitted application requires approval of competent authority. In such a case, the application is referred to the respective competent authority for approval. Applicant should approach the involved competent authority to see whether further documents or certain explanations are still required. 3. Once being approved by respective competent authority and the Municipality, the application is referred by the Municipality which addresses the Chamber for approval and issuance of membership certificate.

4. According to the Municipality letter addressed to the Chamber, the applicant in question should visit the Chamber office in order to sign a membership application form to which copies of all documents submitted to the Municipality should be attached. 5. Once the Chamber Membership Certificate is issued, the applicant should go back to the Municipality requesting registration in the commercial Registration and Municipality License which is not finally acquired unless upon fields visit to the applicant premises and fulfillment of all terms and conditions relating to advertising; safety and health requirements in accordance with the rules and regulations applied by Abu Dhabi Municipality. 6. In case the applicant is a commercial company, the Municipality shall refer the application to the Ministry of Economy & Commerce after acquired the Chamber Membership Certificate. At the Ministry, relevant procedures required for registration of the company’s incorporation are to be completed. 7. In case the applicant is a foreign company branch, he shall have to submit an application, attached to all documents mentioned under "TYPES OF LICENSES" (foreign company’s branch) hereinbefore, to the Ministry of Economy & Commerce. The Ministry in cooperation with the Municipality and the Chamber presents the application before the esteemed Executive Council in Abu Dhabi seeking required approval. 8. Municipality License should be annually renewed. 9. Once the Municipality License is issued, applicant should approach the Ministry of Labor to open a special "Company Card" and apply for required Labour force. The Department of Naturalization & Residence to get required permits. ACTIVITIES REQUIRING APPROVAL BY COMPETENT AUTHORITIES There are some activities which require approval from competent authorities such as: Executive Council, Ministry of Interior, etc… http://www.getamarket.com/country/content/27,39,92/united_arab_emi rates_country_profile_taxes__legal_framework.html

Doing Business Initiate a Business DOCUMENTS REQUIRED FOR NEW BUSINESS ACTIVITY: I) National Proprietorship Company with 100 % National ownership) 1. Selection and approval of trade name (Dept of Planning & Economy approval). 2. Lease contract involving the head quarters through which the activity is intended to be Practiced

3. Passport photocopy and personal photograph of the national owner. 4. Definition of activity (Commercial; professional or vocational). 5. Acquiring competent authority approval whenever required for certain activities. 6. Completed application forms prepared for the purpose by the Municipality, Commercial Register and Chamber Membership. II) Commercial Companies (51%Minimum National Share) 1. Getting the selected trade name approved in accordance with the requirements provided in the Commercial Company Law. (Department of Planning & Economy approval). 2. Partnership agreement duly authenticated by the Notary Public (National (s) share should not be less than 51 %) and without prejudice to other provisions and requirements provided in the Commercial Company Law in respect of the company type or legal status. 3. Lease contract involving the headquarters through which the activity is intended be practiced. 4. Passport photocopy and personal photograph of each partner. 5. Definition of required activity. Getting it approved by respective competent authority whenever required for certain types of activities. 6. Bank Certificate, certifying that the company capital has been already paid- up at one of the banks operating in the Emirate, along with a statement showing the cash shares of partners. 7. Completed license application forms, Commercial Register and Chamber Membership. 8. Registration of the Partnership agreement at the Ministry of Economy. III) Foreign Company Branches: 1. Adopting the same parent company's name for the branch in Abu Dhabi (Department of Planning & Economy approval). 2. Detailed statement on the activity required to be practiced by the branch. Getting it approved by respective competent authority whenever required for certain activities, with consideration to that the branch activity must be from among those practiced by the parent foreign company. 3. Contract agreement with a services agent holding the UAE nationality. The agreement must be duly authenticated by the Notary public. 4. Submission of a duly attested" Undertaking" issued by the parent company pledging to bear any financial liabilities on behalf of its branches in the UAE. 5. Duly attested decision taken by the concerned administrative body at the parent company confirming willingness to open a branch in Abu Dhabi. 6. Duly attested official certificate issued by the competent authority at the country in which the foreign company is registered. The certificate must state for the company registration; legal status; capital; names, capacities and powers of its representatives.

7. Duly attested facsimiles of the mother company's letter of incorporation and articles of association. 8. Latest duly attested couple of balance sheets accredited by the mother company, along with auditor report; profit/loss account and other balance sheet- related explanations. 9. Statement showing main operations and activities practiced by the foreign company outside the UAE, and accounting for its previously accumulated experiences. 10. Duly attested power of attorney in favor of the company's representative in Abu Dhabi, along with his passport photocopy and personal photograph. 11. Passport photocopy and personal photograph of the national services agent if he is a natural person. In case he is a legal entity, an official certificate - confirming that all partners are UAE nationality holders should be attached along with copies of issued licenses. 12. Statement showing the number of employees expected to be recruited in the company branch in Abu Dhabi. 13. The branch capital amount must not be less than AED 250,000/ . 14. All documents should be translated into Arabic by a Certified Legal Translator and duly attested by the UAE Ministry of Justice. http://www.getamarket.com/country/content/27,40,95/united_arab_emi rates_doing_business_initiate_a_business.html

ABU DHABI – THE NEW BUSINESS HUB OF UAE Abu Dhabi Emirate is well- known to be one of the major business centers in the Arab Gulf region. It acquired such a prestigious position by means of many factors that can be summarized in the following points: 1. Strategic situation enabling to perform a pioneering role in linking international shipping routes and facilitating goods transportation between The East and the West. 2. Adoption of a free- market economy that encouraged national and foreign capitals to invest in all fields. 3. Income - tax free applied to individuals; companies and foreign company branches. 4. Free transfer of capitals and profits abroad, without any restrictions. This is ensured by the many branches of foreign banks operating in the Emirate. 5. Customs fee exempt applied to foodstuff, intermediary goods used in local industry and other commodities, in addition to all exports and re-exports. 6. The maximum Customs fees lately levied did not exceed (5%) a rate which is considered the lowest if compared with any other levied ones in the region as a whole.

7. Free movement and Travel is guaranteed for everybody whether within or without the Emirate and the country at large. 8. Free practice of economic activities plus investment incentives ensured by prevailing laws and economic rules and regulations. 9. Only minimal rent Charges are applied to lease of lands allocated for industrial investment purposes. - Water and electricity consumption rates for both domestic and institutional uses are lower than those usually charged in any part of the world. 10. Abu Dhabi is marked with the existence of a modern and advanced infrastructure representing a strong and deeply rooted basis supporting a stable and recovered economy. Such advanced infrastructure includes: - Two modern international airports in both Abu Dhabi and Al Ain. They are both capacitated to receive giant civil and commercial aircraft. - A streamlined and advanced telecommunication network built according to the latest technologies available in the world. - Modern and well- equipped seaports with a huge capacity of handling and wharves. 11. Abu Dhabi Emirate is distinguished for the existence of every service required to lead an easy social life. The Emirate developed many private and public schools providing education for various social classes. They teach curricula in different languages such as Arabic; English; German; Hindu; French and others. This is in addition to the existence of several private colleges and universities availing the opportunity of higher education for expatriates. -International exhibition centers; shopping malls and department stores are also widely spread to reflect prosperous economic activity. -Medical services are also rendered to everybody through many hospitals, medical centers and out- patient clinics whether private or public. -Diversified leisure; recreation and tourist places are also widely spread beside long silver sandy beaches; sport clubs; hotels and luxurious restaurants. Public parks are well organized and made evergreen by assorted flowers; roses and tulips spread amid evergreen palm tree areas. -A set of legislation, such as Intellectual Property Law; Commercial Company Law; UAE Civil Code and Commercial Procedures Law has been completely issued. -Public libraries and private bookshops meet the demands of cultural and educational aspects, whereas several cinema houses; road network and traffic systems are built according to the most advanced standards. -A very modern road network is also built according to the latest technologies and highly organized through traffic systems matching international counterparts. All these advantages have made Abu Dhabi a fantastic place of attraction for investors and businessmen from every part of the world. http://www.getamarket.com/country/content/27,40,111/united_arab_e mirates_doing_business_general_in102ormation.html

Travel History & Culture HISTORY The U.A.E. was formed from the group of tribally organized Sheikhdoms along the southern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman. For centuries this area was embroiled in dynastic disputes. It became known as the Pirate Coast as raiders based there harassed foreign shipping. In 1955, the United Kingdom sided with Abu Dhabi in the latter's dispute with Saudi Arabia over the Buraimi Oasis and other territory to the south. A 1974 agreement between Abu Dhabi and Saudi Arabia has yet to be ratified by the U.A.E. Government. The border with Oman also remains officially unsettled, but the two governments agreed to delineate the border in May 1999. Since that time, the U.A.E. has constructed a border fence along the entire length with both Oman and Saudi Arabia. The new fence and checkpoints will likely be finished by 2008-2009. Bahrain became independent in August and Qatar in September 1971. When the British-Trucial Sheikhdoms treaty expired on December 1, 1971, they became fully independent. On December 2, 1971, six of them entered into a union called the United Arab Emirates. The seventh, Ras al-Khaimah, joined in early 1972. The U.A.E. sent forces to help liberate Kuwait during the 1990-91 Gulf War. U.A.E. troops have also participated in peacekeeping missions to Somalia, Lebanon, Bosnia, Albania, Kosovo, and Kuwait. In 2004, the U.A.E.'s first and only president until that time, H.H.Sheikh Zayed bin Sultan Al Nahyan, died. His eldest son H.H Sheikh Khalifa bin Zayed Al Nahyan succeeded him as Ruler of Abu Dhabi. In accordance with the Constitution, the U.A.E.'s Supreme Council of Rulers electedH.H.Sheikh Khalifa bin Zayed Al Nahyan as U.A.E. Federal President. h.H.Sheikh Mohammed bin Zayed al Nahyan succeeded as Crown Prince of Abu Dhabi. In January 2006, H.H.Sheikh Makotum bin Rashid Al Maktoum, U.A.E. Vice President and Prime Minister and Ruler of Dubai, passed away and was replaced by his brother, H.H Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai and U.A.E. Minister of Defense. http://www.getamarket.com/country/content/27,42,97/united_arab_emi rates_travel_history__culture.html

Abu Dhabi Abu Dhabi, which occupies over 86 per cent of the country’s total landmass, is the largest of the seven emirates comprising the UAE. Abu Dhabi City, political capital of the emirate and of the UAE, is situated on an island about five miles wide and nine miles long. This is connected to the mainland by two bridges, Al Maqta and Mussafah.

Since Abu Dhabi emirate possesses more than 90 per cent of the UAE's oil reserves and produces over 85 per cent of its oil, the main oil companies are located here, contributing to its status as a major business, manufacturing and trading centre. But, despite its national and regional importance, Abu Dhabi City manages to retain an air of ease and tranquility, with very few traffic problems Architecturally, Abu Dhabi is a fascinating place where the domes and minarets of traditional mosques and futuristic skyscrapers. Tree-lined boulevards, manicured roundabouts and extensive parks line the modern cityscape. All the major shopping malls and souqs are within easy reach and yet a short distance from the city centre the recently revamped Abu Dhabi Corniche stretches along the island’s mangrovefringed and white sandy shores. Many of the city’s top-class hotels and restaurants, including the prestigious Emirates Palace Hotel, are located along the downtown section of this scenic stretch, overlooking an array of sandy islets that are rapidly undergoing development. One of these, Saadiyat Island, is spearheading the transformation of Abu Dhabi into a world-class tourism destination with a cultural emphasis. Here, along with high quality hotels, residential buildings and other facilities will be located a Cultural District containing museums, art galleries and performing arts centres, including the Frank Gehry-designed Guggenheim Abu Dhabi contemporary art museum and the Louvre Abu Dhabi designed by French architect Jean Nouvel. This is but one of the massive new developments that are destined to revolutionise the tourist industry in the emirate. Qasr al-Hosn Located on Khalid bin Walid St, Abu Dhabi, the White Fort or Old Fort is the oldest building in Abu Dhabi. The original structure was constructed in 1793 as the official residence of Abu Dhabi’s rulers. Major renovations took place in 1983. The Abu Dhabi Cultural Foundation Situated beside Qasr al-Hosn, the foundation is housed in a delightful modern building of Islamic design with arching white colonnades, cool courtyards and restful gardens. The Cultural Foundation has an important library, theatre, cinema, lecture rooms, meeting rooms, an exhibition centre and coffee shop. The centre hosts numerous cultural events, including concerts with international and local artists, classic film festivals, art exhibitions and workshops throughout the year. Heritage Village Situated on a site overlooking the Corniche, near the Breakwater in Abu Dhabi, this heritage village is run by Emirates Heritage Club. Here you can journey to the past and experience traditional life in Abu Dhabi before oil revenues altered the landscape, economically and socially. In addition to bedouin tents, there are reconstructions of palm ('arish) and other houses, old fishing villages and traditional souqs. Given its location along the seafront, maritime traditions are a special

feature. There is also a shop for local crafts, a good photographic exhibition and a unique collection of the Holy Quran. Petroleum Exhibition Presently closed for renovations. Reopening date to be advised. Old photographs, aerial shots, film (in English, French and German) and interactive displays depict Abu Dhabi's rapid development from oasis life to modern and cosmopolitan city. Women's Handicraft Centre This is a very enjoyable place to visit. especially if you are interested in locally made crafts. The centre is run by Abu Dhabi Women's Association as a forum for local women to display their wares from perfumed oils to local costume and pottery. Some of the items are for sale. A kitchen area serves typical Gulf cuisine. Manhal Palace Sheikh Zayed's residence until 1974. Next to the post office on Airport Rd. Dhow harbour Near Port Zayed on the north-eastern tip of the island is an active dhow harbour, starting point of regular dhow sailing races. Along the quay a small market with interesting odds and ends does thriving business. Follow the signs for Al Dhafra restaurant. Bateen Shipyard The dhow shipyard close to the Intercontinental Hotel on the west side of Abu Dhabi island is well worth visiting. Huge planks of teak are piled high ready to be shaped into the graceful wooden sailing dhows that have changed very little over the centuries (see section on boatbuilding). Most of the boats built or mended here are sleek racing rather than trading dhows - some with carbon fibre masts! Nevertheless it is still a wonderfully traditional place with piles of sawdust scattering in the warm breeze and hungry cats hunting for food. Feel free to take photographs, but do ask first if aiming your camera at the craftsman. The yard is open at all times but 5 p.m. is often a good time to visit. Boatbuilders do not work on Fridays. Around Abu Dhabi Other places to see in the Emirate of Abu Dhabi are the lovely oasis city of Al Ain with its numerous archaeological sites and the spectacular dunes at Liwa in the south of the country. Abu Dhabi's numerous offshore island are also worth a visit.

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