Company Formation Specialists
 

HOMECONTACT US

Abu Dhabi Company Formation

 

l
Live Chat by LivePerson
Healy Consultants Phone Call Us
(+65) 6735 0120
Healy Consultants Phone Email Us

facebook iconlinkedin icontwitter icon
youtube iconrss feed icongoogle plus icon

Location shot for Abu Dhabi company formation
Image by nitinsharma100



AVERAGE ENGAGEMENT COSTS


US$25,000 to 30,000*




Local sponsor fee
US$19,500 **




Company de-registration
US$3,450




* Depending on corporate structure and professional services required by our clients.

**Excludes US$3,300 refundable deposit.

p

Click on the logo above to review sample PDF invoice


Oil-rich Abu Dhabi is the capital of the UAE and is the country's largest Emirate. Despite the difficulties and expense of Abu Dhabi company formation, it is especially attractive to investors looking to establish a foothold in the region's oil and gas industry. Below are some key considerations for entrepreneurs wishing to set up a company in Abu Dhabi:

Advantages of Abu Dhabi Company Registration

1.
If properly structured, Abu Dhabi company formation is an ideal way to legitimately book international profits without paying local corporation tax. In addition, there are no capital gains or personal income taxes in Abu Dhabi. An Abu Dhabi company is not perceived as an offshore company in a tax haven. Abu Dhabi is a reputable and regulated trading jurisdiction.
2.
Most foreign investors choosing Abu Dhabi company formation do so through an Abu Dhabi LLC. For more information, visit our webpage.
3.
The LLC is a popular form of company registration in Abu Dhabi. It requires a minimum of two and a maximum of 50 members, and minimum capitalization of Dh150,000 (approximately US$41,000). Similar to formation of a Dubai LLC, Abu Dhabi can be more advantageous for small and medium enterprises, which may have been disadvantaged by the relatively high minimum capital requirements.
4.
Many incentives are granted for Abu Dhabi company formation industrial projects including i) suitable plots of land at low rates ii) Public utilities, such as water and electricity provided at nominal and promotional rates iii) industrial plants put out for rent at various industrial zones.
5.
Through an Abu Dhabi branch company, one can wholly own the entity and not be subject to an annual audit. For more information visit our Abu Dhabi Branch Company page.
6.
Following Abu Dhabi company formation, our clients obtain UAE residence and employment visas. For more information, visit our Migration and Relocation services page.
7.
Healy Consultants can open global corporate bank accounts to support Abu Dhabi company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Disadvantages of Abu Dhabi Company Registration

1.
Abu Dhabi company formation is both difficult and expensive because of i) high government fees ii) inconsistent and complex company laws and iii) inefficient bureaucracy.
2.
As an example of the complexity of Abu Dhabi company incorporation, an Abu Dhabi LLC requires a minimum 51% shareholding by UAE citizens and a minimum of two shareholders. If the 49% shareholder in the Abu Dhabi LLC is a foreign corporate entity, the corporate documents of the foreign company (e g Certificate of Incorporation, Memorandum and Articles of Association, Board Resolution resolving to participate in an Abu Dhabi LLC and Power of Attorney in favour of the Abu Dhabi LLC manager) must be notarized and legalised in the country of incorporation of the parent company. In addition, these documents must then be legalised at the Ministry of Foreign Affairs in Abu Dhabi and then translated into Arabic. These requirements contribute to the complexity and costs of Abu Dhabi company formation.
3.
To further highlight the high costs of incorporating an Abu Dhabi entity, in addition to the government fees incorporate an LLC, investors must pay to the government 5% of the annual lease rent of the office premises (and at the time of annual renewal an additional 5% of the annual lease rent for the manager’s residence also becomes payable).
4.
To highlight the above, according to the World Bank's Doing Business 2012 Survey, the UAE is ranked negatively as the world's 33rd easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. However, the survey measures ease of business in the UAE, not specifically in Abu Dhabi. Furthermore, the UAE is negatively ranked as the world's 28th freest economy in the Heritage Organisation's 2013 Index of Economic Freedom, a measure of freedom enjoyed in  business, trade, monetary, financial, investment and labour markets. Abu Dhabi also ranks poorly at 24th place in the World Economic Forum's Global Competitiveness Report 2012-2013
5.
An Abu Dhabi LLC cannot conduct insurance, banking or the investment of money for third parties.
6.
Following Abu Dhabi company formation, most entities are required to submit annual audited accounts to the UAE government.

Did you know about Abu Dhabi;

Contact Us
For additional information on Abu Dhabi company formation, contact email@healyconsultants.com or telephone (+65) 6735 0120.

 

Buy Healy Consultants' Asia Business Set Up book. To order, call (+65) 6735 0120 or contact email@healyconsultants.com

 

 

ABU DHABI NEWS

Company Incorporation

Freedom to Start a Business
in the UAE

Ease of Doing Business in the United Arab Emirates

 
















 


                                                                               Singapore Corporate Bank Account                Offshore Tax Planning

                                                                               Setting Up an offshore company                    Offshore Bank Accounts

                                                                               Offshore banking in Hong Kong                      Singapore Offshore Banking





  

                                                                     Contact Us | Media Centre | Blog | Sitemap | Disclaimer | Privacy | Terms & Conditions
Company Registration Agents - Healy Consultants