UAE

Key Facts Creative Clusters Free Zone

The Creative Clusters Authority (DCC) regulates a diverse Free Zone comprising 9 clusters dedicated to creative and other knowledge-based industries: , Dubai Outsource City, , , , , Dubai International Academic City, and Dubai Design District.

Trident Trust is able to provide services to assist with Residency Visa the incorporation of a DCC company and obtaining A DCC company may apply for shareholder and/or residency visas for its shareholders and employees. employee residence visas after receiving its licence. The residence permit is valid for three years for Advantages the shareholders and for two years for employees. ––100% foreign ownership The number of visas that may be applied for by the company depends on the size of the office (one visa ––100% Repatriation of capital and profits allowed per 9 sq. m.). A Flexi Office package offers up to two ––No personal income tax residence visas.

––No corporate tax The minimum age at which a UAE residence visa ––No currency restrictions can be obtained is 21 years old.

––Entitled to Tax Residency Certificate The retirement age for expatriates in the UAE ––No public disclosure of information is 60 years old; employment residence visas are not issued for those 60 and above. However, the ––Flexible office solutions such as serviced shareholders of the company can still obtain a desks/offices UAE residence visa regardless of age. Eligible Entities Holders of a residence visa must not remain outside ––Limited liability company as a newly formed of the UAE for more than 180 consecutive days. entity with single or multiple shareholders

––Limited liability company as a wholly owned subsidiary of local or foreign company

––Branch of a local or foreign company

Prohibited activities ––Any financial/investment activities on behalf of third parties

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Key Facts Creative Clusters Free Zone

Significant Features Company Dubai Creative Clusters Private Manager One (individual) Legislation Companies Regulations 2016 Secretary One (individual) Time to 14-20 working days Incorporate Local Presence No Requirements Possibility No of Migration Availability of No Shelf Companies Tax Rate VAT at 5% Meetings Shareholders 1- 50 No Residency No Annual General Ye s Requirements Meetings Share Capital AED 50,000 Annual Accounts Ye s

Bearer Shares No Filing of No Accounts Beneficial Shareholder, Director Ownership and Manager details are Audit Yes, must be filed with Registrar Disclosure provided to DCC, but are Requirement at time of licence renewal not publicly available Registered Ye s Director 1 -7 (individual) Office Required

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Offices

The Americas/Caribbean

Bahamas Cayman Islands Panama New York Trident Corporate Services Trident Trust Company Trident Trust (Panama) S.A. Trident Corporate Services, Inc (Bahamas) Ltd (Cayman) Ltd T: +507 302 7494 T: +1 212 840 8280 T: +1 242 322 6154 T: +1 345 949 0880 [email protected] [email protected] [email protected] [email protected] United States Sioux Falls Barbados Nevis Atlanta Trident Trust Company Trident Corporate Services Morning Star Holdings Ltd Trident Corporate Services, Inc (South Dakota) Inc (Barbados) Ltd T: +1 869 469 1817 T: +1 404 233 5275 T: +1 605 679 4355 T: +1 246 621 0760 [email protected] [email protected] [email protected] [email protected] Meridian Trust Company Ltd Miami US Virgin Islands British Virgin Islands T: +1 869 469 1333 Trident Fund Services Trident Trust Company (VI) Ltd Trident Trust Company (BVI) Ltd [email protected] T: +1 305 405 9006 T: +1 340 774 7322 T: +1 284 494 2434 [email protected] [email protected] [email protected]

Asia

Hong Kong New Zealand Singapore Trident Corporate Services (Asia) Ltd Trident Trust Company (NZ) Ltd Trident Corporate Services & Trident Trust Company (HK) Ltd T: +64 9 300 6067 (Singapore) Pte Ltd & T: +852 2805 2000 [email protected] Trident Trust Company [email protected] (Singapore) Pte Ltd T: +65 6653 1800 [email protected]

EMEA

Cyprus Isle of Man Mauritius United Kingdom Trident Trust Company (Cyprus) Ltd Trident Trust Company (IOM) Ltd Trident Trust Company Trident Trust Company (UK) Ltd T: +357 258 20 650 T: +44 1624 646700 (Mauritius) Ltd T: +44 20 7935 1503 [email protected] [email protected] T: +230 210 9770 [email protected] [email protected] Trident Fiduciaries (Middle East) Ltd Jersey Trident Company T: +357 253 53 520 Trident Trust Company Ltd Seychelles Services (UK) Ltd [email protected] T: +44 1534 733401 Trident Trust Company T: +44 20 7487 0460 [email protected] (Seychelles) Ltd [email protected] Dubai T: +248 4 422 000 Trident Trust Company (UAE) Ltd Luxembourg [email protected] DMCC Branch Trident Trust Company T: +971 4 423 9988 (Luxembourg) S.A. Switzerland [email protected] T: +352 26 30 28 48 Trident Corporate Services AG [email protected] T: +41 44 396 1080 Guernsey [email protected] Trident Trust Company Malta (Guernsey) Ltd Trident Corporate Services T: +44 1481 727571 (Malta) Limited & [email protected] Trident Trust Company (Malta) Ltd T: +356 21 434 525 [email protected]

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