DOCSLIB.ORG

Setting up an Offshore Company in the Jebel Ali Free Zone Corporate Services

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

SETTING UP AN OFFSHORE COMPANY IN THE JEBEL ALI FREE ZONE CORPORATE SERVICES It is in the very heart of our activity that we search for our goal. Rabindranath Tagore INTRODUCTION located between one of the world’s • To hold shareholders and largest airports and a sea port. The directors meetings in the U.A.E. Dubai has passed a law for JAFZA has Jebel Ali Port, world’s • To own real property of the Palm incorporation of offshore companies 7th largest container port on one Islands or Jumeirah Islands or side and the Jebel Ali International any property owned by Nakheel in the Jebel Ali Free Zone in the Airport, one of the world’s largest Company LLC or any other Emirate of Dubai. The laws have cargo airports on the other side. real property approved by the been framed in a manner such that authority. the authority maintains a clean RESTRICTION ON ACTIVITY FOR • To hold an account in a bank image of the companies vis a vis JAFZA OFFSHORE COMPANIES: in the U.A.E. for the purpose international financial authorities. of conducting its routine Jafza, under Jebel Ali Free Zone NOT ALLOWED operational transactions. Offshore Companies Regulations • To become shareholders in FZE, 2003, allows the formation of an • To carry on business with persons FZCO, LLC. offshore Company by individuals or resident in the U.A.E. corporate bodies, as a non-resident • Own an interest in the real Offshore Investors can avail benefits company, having a corporate legal property situated in the U.A.E. from various Tax treaties concerned other than approved by the with the avoidance of double entity with 100% foreign ownership. Authority. taxation. As of 2009, the United • To carry on banking, insurance, Arab Emirates has entered into The new developments at the Jebel re insurance, insurance agent or double taxation agreements with Ali Free Zone and the surrounding insurance broker. 47 countries. This network includes region are designed to make JAFZA • To carry out any trade in the free treaties with Armenia, Austria, world’s one of the most efficient zone or in the U.A.E. sea-air hubs, complete with a continued on next page.. 6-lane highway that will help keep ALLOWED goods custom-bound (helping to minimize processing time) as they • Professional contact with legal are transported from port to cargo consultants, lawyers, accountants Adding value to aircraft in just 20 minutes. JAFZA is and auditors. the business we serve An independent member of UHY International SETTING UP AN OFFSHORE COMPANY IN JAFZA Belarus, Belgium, Canada, China, Czech, Finland, France, Germany, India, Indonesia, Italy, Korea, Malaysia, Mauritius, Netherlands, New Zealand, Pakistan, Poland, Romania, Seychelles, Singapore, Spain, Thailand, Turkey, Ukraine etc. UAE has also entered into a Transport Tax Treaty with India, Netherlands, Singapore, Sri Lanka, Switzerland and United States. CHARACTERISTICS SOME OF THE UNIQUE FEATURES OF RESTRICTIONS ON NAME VISA ELIGIBILITY THE OFFSHORE COMPANIES IN THE Names must end with the word No visa eligibility. JAFZA ARE AS FOLLOWS: “Limited” for offshore company. Few words for eg: “Dubai, U.A.E.” INVESTOR VISA AVAILABILITY COMPANY STATUS and religious words are prohibited. No Limited Liability BANK ACCOUNTS REGISTRATION SHAREHOLDERS The company can open bank Offshore companies registered Minimum one and maximum not accounts with major banks under Jebel Ali Free Zone Offshore limited for Offshore company. operating in Dubai and also in other Companies Regulations 2003 jurisdictions. SHARES GOVERNING LAW No bearer shares will be allowed. AUDIT Companies are subject to the UAE All shares must be fully paid when As per regulation, annual audit is law in general and for some specific allocated. No different classes of required. function law of the Emirates of shares allowed. Dubai. MEETINGS SHARE CAPITAL Shareholders’ meeting and Shareholders will decide capital Board meeting can be conducted structure for Offshore company. periodically in the U.A.E or anywhere else. DIRECTORS A minimum of two directors are TAXATION required and corporate directors are There are no taxes on profits, capital not permitted for offshore company. gains or any other form of tax on the company levied by the government. www.uhyuae.com SETTING UP AN OFFSHORE COMPANY IN JAFZA DOCUMENTATIONS DOCUMENTS REQUIRED FOR Note: ESTABLISHING AN OFFSHORE 6. Original banker reference of each shareholder The shareholders have to be in Dubai for COMPANY IN JAFZA executing the governing documents of the company before the Jebel Ali authority or have 1. Information form duly filled 7. Current Utility bill (e.g. electricity to give a duly notarised / attested Power of bill or telephone bill) of each Attorney. 2. Three proposed names of the shareholder, director and company secretary. 3. Brief note on the proposed 8. Curriculum Vitae of each activity of the company shareholder 4. Share capital of the company 9. No Objection Letter from Local Partner / Employer if resident in 5. Clear passport copy of each UAE. shareholder, director and secretary UHY SERVICES We offer a complete and comprehensive solution for incorporating companies in Jebel Ali Free Zone. Apart from the incorporation services we can offer clients with other services as detailed ADMINISTRATION AND INFORMATION AND TECHNOLOGY below: ACCOUNTING SERVICES SERVICES BANK ACCOUNTS Our firm has a large pool of qualified We provide a full range of IT software staff which can take care of most and business solutions through In opening the company’s bank of your administrative & accounting MultiMission, a division of the firm. account in the U.A.E and in some services jurisdictions outside the U.A.E. BANKING AND TRADE FINANCE SERVICES AUDITING SERVICES Outsourcing of banking and trade Professional audit and assurance finance. services in accordance with international standards. www.uhyuae.com SETTING UP AN OFFSHORE COMPANY IN JAFZA ABOUT US LET US HELP YOU ACHIEVE FURTHER UHY EXECUTIVE OFFICE BUSINESS SUCCESS Quadrant House UHY is a leading audit and 4 Thomas More Square To find out how UHY can assist your London E1W 1YW United Kingdom consultancy firm in the United Arab business, contact us at the following Emirates, established in 1992. The offices: Phone +44 20 7216 4622 firm also specialises in corporate Fax +44 20 7767 2600 formation in the UAE free zones, JUMEIRAH LAKE TOWERS Email [email protected] mainland and offshore location, both 16th Floor, Mazaya Business Avenue in the UAE and globally. BB2 Tower, Jumeirah Lake Towers P.O. Box 23271, Dubai, UAE DISCLAIMER: The brief setout herein is for information UHY has a team of qualified Phone +971 4 425 6616 purposes only and does not constitute professionals on its panel supported Fax +971 4 425 6610 legal of professional advice. No by over 90 well- experienced and Email [email protected] responsibility will be accepted for loss trained staff. The core team has a incurred directly or indirectly as result of rich, collective experience ABU DHABI acting, or refraining from acting, wholly Office 105, The Avenue Business Centre, or partially in reliance upon information and their diverse skills sets span Marina Mall Extension, Break Water Area, contained herein. across functional domains and P.O. Box 113693, Abu Dhabi, UAE geographies, enabling the firm to deliver value added solutions to its Phone +971 2 412 2220 UHY Chartered Accountants *(the “Firm”) clients. Fax +971 2 412 2204 is a member of Urbach Hacker Young Email [email protected] International Limited, a UK company, and forms part of the international In 20 years since its inception, the UHY network of legally independent DUBAI accounting and consulting firms. UHY is firm’s clientele has grown to include 108, Atrium Centre, Khalid Bin Walid St. more than a thousand companies the brand name for the UHY international P.O. Box 23271, Dubai, UAE network. The services described herein are covering a wide range of business provided by the Firm and not by UHY or and trade. They include governments, Phone +971 4 351 7007 any other member firm of UHY. Neither private and overseas clients. Fax +971 4 351 7157 UHY nor any member of UHY has any Email [email protected] liability for services provided by other members.” UHY is a member of UHY JEBEL ALI International. Established in 1986 P.O. Box 17870 © 2012 UHY and based in London, UK, UHY is a Jebel Ali Free Zone, UAE network of independent member firms. The network’s teams, who Phone +971 4 881 4199 cover nearly 250 business centres Email [email protected] in 81 countries, pride themselves on their ability to combine local SHARJAH knowledge with regional, national 403, Index Tower and international skill sets. UHY P.O. Box 70828 brings together the global expertise Sharjah, UAE of independent member firms, who Phone +971 6 537 9770 are all highly regarded, professional Fax +971 6 537 9771 and reputable in their own local Email [email protected] markets. The above offices are part of UHY Saxena. www.uhyuae.com.
Recommended publications
  • Implementing Sustainable Construction Practices in Dubai – a Policy Instrument Assessment

    Implementing Sustainable Construction Practices in Dubai – a Policy Instrument Assessment

    Master Thesis in Built Environment (15 credits) Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Marco Maguina Academic Supervisor: Catarina Thormark Spring Semester 2011 Master Thesis in Built Environment Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Author: Marco Maguina Faculty: Culture and Society School: Malmö University Master Thesis: 15 credits Academic Supervisor: Catarina Thormark Examiner: Johnny Kronvall Maguina, Marco 2 Master Thesis in Built Environment SUMMARY Recognized as one of the main obstacles to sustainable development, climate change is caused and accelerated by the greenhouse gas (GHG) emissions generated from all energy end-user sectors. The building sector alone consumes around 40% of all produced energy worldwide. Reducing this sector’s energy consumption has therefore come into focus as one of the key issues to address in order to meet the climate change challenge. Implementing sustainable construction practices, such as LEED, can significantly reduce the building’s energy and water consumption. Prescribing these practices may however encounter several barriers that can produce other than intended results. Since the beginning of 2008 Dubai mandates a LEED certification for the better part of all new constructions developed within the emirate, nevertheless the success of this regulation is debatable. This thesis identifies the barriers the introduction of the sustainable construction practices in Dubai faced and analyses the reasons why the regulatory and voluntary policy instruments were not effective in dealing with these barriers. Understanding these barriers as well as the merits and weaknesses of the policy instruments will help future attempts to introduce sustainable construction practices. To put the research into context a literature review of relevant printed and internet sources has been performed.
  • The U.A.E. Healthcare Sector an Update: January 2018

    The U.A.E. Healthcare Sector an Update: January 2018

    The U.A.E. Healthcare Sector An Update: January 2018 The U.S.-U.A.E. Business Council is the premier business organization dedicated to advancing bilateral commercial relations. By leveraging its extensive networks in the U.S. and in the region, the U.S.-U.A.E. Business Council provides unparalleled access to senior decision makers in business and government with the aim of deepening bilateral trade and investment. U.S.-U.A.E. Business Council 505 Ninth Street, NW Suite 6010 Washington D.C. +202.863.7285 [email protected] usuaebusiness.org 1 INTRODUCTION The U.A.E.’s healthcare sector has dramatically expanded over the past four decades. At the time of the U.A.E.’s founding in 1971, the country had just seven hospitals and 12 health centers. As of 2015, according to the latest figures from the U.A.E. statistics authority, the U.A.E. had 126 public and private hospitals with a combined capacity of over 12,000 beds.1 U.S. companies and citizens have played an important role in this growth story, as best symbolized by the Oasis Hospital in Al Ain. In 1960, U.S. missionaries Drs. Pat and Marian Kennedy built this hospital – the U.A.E.’s first – in a mud-block guesthouse donated by the late U.A.E. President Sheikh Zayed bin Sultan Al Nahyan.2 Over the next 50 years, this hospital birthed more than 90,000 babies, including members of Abu Dhabi’s ruling family.3 Moreover, it retained strong connections with that family, which funded the hospital’s expansion earlier this decade.4 As the U.A.E.
  • FINANCE Offshore Finance.Pdf

    FINANCE Offshore Finance.Pdf

    This page intentionally left blank OFFSHORE FINANCE It is estimated that up to 60 per cent of the world’s money may be located oVshore, where half of all financial transactions are said to take place. Meanwhile, there is a perception that secrecy about oVshore is encouraged to obfuscate tax evasion and money laundering. Depending upon the criteria used to identify them, there are between forty and eighty oVshore finance centres spread around the world. The tax rules that apply in these jurisdictions are determined by the jurisdictions themselves and often are more benign than comparative rules that apply in the larger financial centres globally. This gives rise to potential for the development of tax mitigation strategies. McCann provides a detailed analysis of the global oVshore environment, outlining the extent of the information available and how that information might be used in assessing the quality of individual jurisdictions, as well as examining whether some of the perceptions about ‘OVshore’ are valid. He analyses the ongoing work of what have become known as the ‘standard setters’ – including the Financial Stability Forum, the Financial Action Task Force, the International Monetary Fund, the World Bank and the Organization for Economic Co-operation and Development. The book also oVers some suggestions as to what the future might hold for oVshore finance. HILTON Mc CANN was the Acting Chief Executive of the Financial Services Commission, Mauritius. He has held senior positions in the respective regulatory authorities in the Isle of Man, Malta and Mauritius. Having trained as a banker, he began his regulatory career supervising banks in the Isle of Man.
  • Corporate Services

    Corporate Services

    Anticipate tomorrow, deliver today KPMG in Qatar 2018 kpmg.com/qa Qatar is an exciting place to do business, At KPMG in Qatar, our highly skilled with many opportunities for new and well- and experienced professionals work established businesses to grow, both in the with clients to develop corporate country and beyond. However, with strategies, which provide confidence opportunities come challenges. and reassurance that their businesses are not only compliant with tax and Understanding and deciding on how to set corporate law requirements, but also up a business in the country can be daunting. effective and prepared for future We can help you to make sure your business developments in tax and business is fully compliant with Qatar’s company regulations.” legislation and that setting up your business here is a smooth, efficient process. We will work with you to select a business structure that best fits your needs by evaluating tax advantages, legal exposure and ease of operation and mobility, should you need to relocate. Barbara Henzen Head of Tax and Corporate Services Before entering the market in Qatar, it is important for companies to consider their structuring needs to ensure they meet their business objectives. Our Corporate Services team supports clients through every step of setting up and operating a business in Qatar. Dissolution, deregistration and liquidation We help businesses to manage voluntary dissolution, liquidation and deregistration of companies, from initiation to completion. Our services include: — drafting company’s liquidation resolutions — submitting the resolutions to authorities — publishing the liquidation in local newspapers. Mergers (national and cross-border) We provide a variety of services for local and international mergers, including: — structuring advice — advice on suitable jurisdictions — identifying legal issues arising as a result of mergers Lifecycle of a company — reviewing contracts affected by mergers — drafting documentation for the execution of merger transactions — merger completion stage.
  • Doing Business Guide Understanding the United Arab Emirates’ Tax Position Doing Business Guide | Understanding the United Arab Emirates’ Tax Position

    Doing Business Guide Understanding the United Arab Emirates’ Tax Position Doing Business Guide | Understanding the United Arab Emirates’ Tax Position

    Doing business guide Understanding the United Arab Emirates’ tax position Doing business guide | Understanding the United Arab Emirates’ tax position Equam ipsamen 01 Impos is enditio rendae acea 02 Debisinulpa sequidempos 03 Imo verunt illia 04 Asus eserciamus 05 Desequidellor ad et 06 Ivolupta dolor sundus et rem 07 Limporpos eum sequas as 08 Ocomniendae dit ulparcia dolori 09 Aquia voluptas seque 10 Dolorit ellaborem rest mi 11 Foccaes in nulpa arumquis 12 02 Doing business guide | Understanding the United Arab Emirates’ tax position Contents 04 About the United Arab Emirates 06 Legal and regulatory framework 09 Taxation in the United Arab Emirates 20 Immigration and labor landscape 31 United Arab Emirates double tax treaty network 03 Doing business guide | Understanding the United Arab Emirates’ tax position About the United Arab Emirates Occupying a strategic location between The legal system in the UAE is based on The relevant laws allow the Emirates Asia, Europe and Africa, the United both civil code principles and on Islamic to establish Free Zones for general or Arab Emirates (UAE) ranks first among Shari’ah Law. The key sources of law industry-specific activities to encourage the countries most attractive to foreign include: foreign investments into the UAE. direct investment in the Middle East • The UAE Federal Constitution; (ME) and Africa region. • Federal laws and regulations; The UAE juridical system varies significantly • Emirati laws and regulations; across the different Emirates and some The UAE is a confederation of seven • Islamic Shari’ah principles; and of the Free Zones have their own court Emirates comprising of Abu Dhabi, • Free Zone regulations (as applicable).
  • Macau's Proposal to Abolish the Offshore Company

    Macau's Proposal to Abolish the Offshore Company

    HONG KONG TAX ALERT ISSUE 16 | October 2018 Macau’s proposal to abolish the offshore company law Summary In November 2016, Macau SAR joined the OECD’s inclusive framework to combat cross-border tax evasion and promote tax transparency. As part of Macau’s commitment to comply with OECD standards, it will abolish the existing As a result of the OECD’s base offshore company (MOC) regime as from 1 January 2021. A draft bill has been erosion and profit shifting (BEPS) prepared for this purpose and is pending approval from the legislative assembly. initiative, Macau will abolish its offshore companies regime in The abolition process includes some transitional provisions, the details of which order to comply with OECD will be released later. It appears that the implementation of the bill will be standards phased. In the first phase, from the effective date of the bill, MOCs will no longer be eligible for Macau stamp duty exemption on newly acquired movable or Hong Kong and international immovable properties, and any income derived from newly acquired intellectual groups with Macau offshore properties will no longer be exempted from tax. In addition, managerial and companies will need to technical personnel of MOCs who have been granted permission to reside in reconsider their supply chain and Macau will no longer be eligible for Macau salary tax benefits. corporate structures In the final phase which will likely take effect on 1 January 2021, there will be an outright abolition of all tax benefits for MOCs. Any offshore business license that has not been terminated by then will expire on 1 January 2021.
  • US Regulatory and Tax Considerations for Offshore Funds Mark H

    US Regulatory and Tax Considerations for Offshore Funds Mark H

    Journal of International Business and Law Volume 1 | Issue 1 Article 1 2002 US Regulatory and Tax Considerations for Offshore Funds Mark H. Barth Marco Blanco Follow this and additional works at: http://scholarlycommons.law.hofstra.edu/jibl Recommended Citation Barth, Mark H. and Blanco, Marco (2002) "US Regulatory and Tax Considerations for Offshore Funds," Journal of International Business and Law: Vol. 1: Iss. 1, Article 1. Available at: http://scholarlycommons.law.hofstra.edu/jibl/vol1/iss1/1 This Legal Article is brought to you for free and open access by Scholarly Commons at Hofstra Law. It has been accepted for inclusion in Journal of International Business and Law by an authorized administrator of Scholarly Commons at Hofstra Law. For more information, please contact [email protected]. Barth and Blanco: US Regulatory and Tax Considerations for Offshore Funds US Regulatory and Tax Considerations for Offshore Funds Mark H. Barth and Marco Blanco Curtis, Mallet-Prevost, Colt & Mosle LLP,* New York FirstPublished in THE CAPITAL GUIDE TO OFFSHOREFUNDS 2001, pp. 15-61 (ISI Publications,sponsored by Citco, eds. Sarah Barham and Ian Hallsworth) 2001. Offshore funds' continue to provide an efficient, innovative means of facilitating cross-border connections among investors, investment managers and investment opportunities. They are delivery vehicles for international investment capital, perhaps the most agile of economic factors of production, leaping national boundaries in the search for investment expertise and opportunities. Traditionally, offshore funds have existed in an unregulated state of grace; or disgrace, some would say. It is a commonplace to say that this is changing, both in the domiciles of offshore funds and in the various jurisdictions in which they seek investors, investments or managers.
  • Commercial Companies in Lebanon

    Commercial Companies in Lebanon

    COMMERCIAL COMPANIES IN LEBANON Chamber of Commerce Industry and Agriculture of Beirut and Mount Lebanon 06 00 LIMITED LIABILITY CONTENT 01 COMPANY (LLC) LETTER FROM THE CHAIRMAN 07 PARTNERSHIP LIMITED 02 BY SHARES JOINT LIABILITY COMPANY 08 HOLDING COMPANIES 03 LIMITED PARTNERSHIP 09 OFFSHORE 04 COMPANIES UNDECLARED PARTNERSHIP 10 THIRD-FOREIGN 05 COMPANIES JOINT STOCK COMPANY Chamber of Commerce Industry and Agriculture of Beirut and Mount Lebanon 01 LETTER FROM THE CHAIRMAN 2 Chamber of Commerce, Industry Evolution at the policy-making level continues and Agriculture of Beirut and to build on the competitiveness of the The Mount Lebanon is pleased to put investment environment. The public-private at the disposal of the business community the partnership approach certainly generates present set of analytical guidelines pertaining abundant opportunities in building and operating to the acts of incorporation under Lebanese infrastructure projects. company laws. We deem this comparative description of various forms of incorporation to Unscathed by the global financial crisis, the be a primer on the country’s business setup. banking sector in Lebanon further adds to the attractiveness of the country as a host to True to its mission of supporting the private foreign investment. A fast-growing deposit base economy, the Chamber hereby undertakes to combined with a high liquidity ratio render local assist prospective foreign investors all through financing comparatively more accessible to the establishment process. foreign investors. The defining advantages of Lebanon’s investment We remain confident that improvement in the environment derive from its free enterprise system country’s investment climate will be sustained distinguished by a high degree of openness to at the behest of liberal policy-makers as well as foreign trade and the absence of restrictions Chambers of Commerce and other business on capital movement.
  • Anguilla Fact Sheet

    Anguilla Fact Sheet

    SFM CORPORATE FACT SHEET Anguilla Fact Sheet GENERAL INFORMATION Company type International Business Company (IBC) Timeframe for company formation 2 to 3 days Governing corporate legislation The Anguilla Financial Service Commission is the governing authority; companies are regulated under the IBC Act 2000 Legislation Modern offshore legislation Legal system Common Law Corporate taxation An Anguilla IBC is exempt from any form of taxation and withholding taxes in Anguilla Accessibility of records No public register Time zone GMT -4 Currency East Caribbean dollar (XCD) SHARE CAPITAL Standard currency USD (with other currencies permitted) Standard authorised capital USD 50,000 Minimum paid up None SHAREHOLDERS, DIRECTORS AND COMPANY OFFICERS Minimum number of Shareholders 1 Minimum number of Directors 1 Locally-based requirement No Requirement to appoint Company Secretary Optional 1 | www.sfm.com | Published: 20-Apr-15 | Revised: 26-Apr-18 | © 2021 All Rights Reserved SFM Corporate Services Anguilla Fact Sheet SFM CORPORATE FACT SHEET ACCOUNTING REQUIREMENTS Requirement to prepare accounts No, However, Section 65 (1) and (2) of the IBC Act 2000 (Amended) require all companies to maintain records permitting to document a company's transactions and financial situation Requirement to appoint auditor No Requirement to file accounts No DOCUMENT REQUIREMENTS Certified copy of valid passport (or national identity card) Proof of address (issued within the last 3 months) in English or translated into English INCORPORATION FEES Initial set-up and- first year EUR 890 Per year from second year EUR 790 COUNTRY INFORMATION Anguilla is a British overseas territory in the Caribbean, one of the most northerly of the Leeward Islands in the Lesser Antilles.
  • Organising the Monies of Corporate Financial Crimes Via Organisational Structures: Ostensible Legitimacy, Effective Anonymity, and Third-Party Facilitation

    Organising the Monies of Corporate Financial Crimes Via Organisational Structures: Ostensible Legitimacy, Effective Anonymity, and Third-Party Facilitation

    administrative sciences Article Organising the Monies of Corporate Financial Crimes via Organisational Structures: Ostensible Legitimacy, Effective Anonymity, and Third-Party Facilitation Nicholas Lord 1,* ID , Karin van Wingerde 2 and Liz Campbell 3 1 Centre for Criminology and Criminal Justice, University of Manchester, Manchester M13 9PL, UK 2 Erasmus School of Law, Erasmus University Rotterdam, 3000 DR Rotterdam, The Netherlands; [email protected] 3 School of Law, Durham University, Durham DH1 3LE, UK; [email protected] * Correspondence: [email protected] Received: 9 April 2018; Accepted: 17 May 2018; Published: 19 May 2018 Abstract: This article analyses how the monies generated for, and from, corporate financial crimes are controlled, concealed, and converted through the use of organisational structures in the form of otherwise legitimate corporate entities and arrangements that serve as vehicles for the management of illicit finances. Unlike the illicit markets and associated ‘organised crime groups’ and ‘criminal enterprises’ that are the normal focus of money laundering studies, corporate financial crimes involve ostensibly legitimate businesses operating within licit, transnational markets. Within these scenarios, we see corporations as primary offenders, as agents, and as facilitators of the administration of illicit finances. In all cases, organisational structures provide opportunities for managing illicit finances that individuals alone cannot access, but which require some element of third-party collaboration. In this article, we draw on data generated from our Partnership for Conflict, Crime, and Security Research (PaCCS)-funded project on the misuse of corporate structures and entities to manage illicit finances to make a methodological and substantive addition to the literature in this area.
  • THE JEBEL ALI FREE ZONE RULES 2017 Seventh EDITION

    THE JEBEL ALI FREE ZONE RULES 2017 Seventh EDITION

    THE JEBEL ALI FREE ZONE RULES 2017 Seventh EDITION © Jafza/JEBEL ALI FREE ZONE AUTHORITY P.O. Box 16888, Jebel Ali, Dubai, United Arab Emirates Telephone No. 800 - JAFZA (52392) Fax No. 04 881 0128 ALL RIGHTS RESERVED THE JEBEL ALI FREE ZONE RULES TABLE OF CONTENTS SECTION A INTRODUCTION PAGE No. 1. Introductory note by the Chairman of Jafza 5 2. Definitions 5 3. Introduction to the Free Zone 7 4. Powers of Jafza 7 5. Availability of these Free Zone Rules 8 SECTION B SUBSTANTIVE RULES FOR OPERATING IN THE FREE ZONE 6. General Requirements 9 7. Free Zone Licence 9 8. Free Zone Lease 10 8. 1 Lease 10 8. 2 Sub-Lease 11 9. Building and Operation Control 11 9. 1 Premises 12 9. 2 Power supply for built on leased land 12 10. Insurance 12 10. 1 Insurance of buildings 12 10. 2 Employee insurance 12 11. Employee Affairs 13 11. 1 Sponsorship 13 11. 2 General rules 14 11. 3 Employing non-Sponsored Employees 15 11. 4 Passes for working in and visiting the Free Zone 15 11. 5 Employment 16 11. 6 Passports 17 11. 7 Wage Protection System - WPS 17 11. 8 Rules governing termination of Employment Agreement 17 11. 9 Implementing termination of employment 19 11. 10 Resolving labour disputes 20 11. 11 Absconding Employee 20 11. 12 Compensation for Industrial Accidents 20 12. Inspection of Customer’s Premises 21 2 12. 1 General 21 12. 2 Types of Free Zone inspection 22 12. 3 Areas of Free Zone inspection 22 12.
  • Federal Register/Vol. 85, No. 184/Tuesday, September 22, 2020/Rules and Regulations

    Federal Register/Vol. 85, No. 184/Tuesday, September 22, 2020/Rules and Regulations

    Federal Register / Vol. 85, No. 184 / Tuesday, September 22, 2020 / Rules and Regulations 59419 AD. Send your proposal to: Matt Fuller, AD DEPARTMENT OF COMMERCE End-Use Based) and part 746 Program Manager, Continued Operational (Embargoes and Other Special Controls) Safety Branch, Airworthiness Products Bureau of Industry and Security of the EAR. Section, General Aviation and Rotorcraft The End-User Review Committee Unit, FAA, 10101 Hillwood Pkwy., Fort 15 CFR Part 744 (ERC), composed of representatives of Worth, TX 76177; telephone 817–222–5110; [Docket No. 200818–0219] the Departments of Commerce (Chair), email [email protected]. State, Defense, Energy and, where (2) For operations conducted under a 14 RIN 0694–AI18 appropriate, the Treasury, makes all CFR part 119 operating certificate or under decisions regarding additions to, 14 CFR part 91, subpart K, the FAA suggests Addition of Entities to the Entity List; that you notify your principal inspector, or removals from, or other modifications to Corrections to Certain Existing Entries the Entity List. The ERC makes all lacking a principal inspector, the manager of on the Entity List the local flight standards district office or decisions to add an entry to the Entity certificate holding district office, before AGENCY: Bureau of Industry and List by majority vote and all decisions operating any aircraft complying with this Security, Commerce. to remove or modify an entry by AD through an AMOC. ACTION: Final rule. unanimous vote. (h) Additional Information ERC Entity List Decision SUMMARY: In this final rule, the Bureau The subject of this AD is addressed in of Industry and Security (BIS) amends Additions to the Entity List European Aviation Safety Agency (EASA) the Export Administration Regulations (now European Union Aviation Safety This rule implements the decision of (EAR) by adding forty-seven entities, the ERC to add forty-seven entities, Agency) No.