Abu Dhabi Company Formation
Oil-rich Abu Dhabi is the capital of the UAE and its largest Emirate. Though the majority of opportunities in Abu Dhabi remain in the oil and gas industry, the Emirate is making strides to diversify its economy. Abu Dhabi offers attractive investment incentives for investors from any part of the world. Its oil and gas sector provides a high competitive potential mainly for chemical and petrochemical industries and products.Abu Dhabi Company formation is therefore an increasingly attractive option for entrepreneurs, although it is also an expensive and difficult process.
The challenge of Abu Dhabi Company formation is exacerbated by i) high government fees ii) inconsistent and complex UAE Company Law and iii) inefficient bureaucracy. That said, Healy Consultants has completed Abu Dhabi Company formation efficiently and effectively for several of our international Clients, who value our experience in this area.
| Advantages of Abu Dhabi Company Formation | |
| 1. | An Abu Dhabi LLC is the most common form of Abu Dhabi Company formation. Form more information on forming an Abu Dhabi LLC please follow this link. |
| 2 | An Abu Dhabi Branch Company is another popular type of UAE Company. For more information on forming an Abu Dhabi Branch Company please follow this link. |
| 3. | A UAE company is not perceived as an offshore company in a tax haven. The UAE is a reputable, regulated, international trading jurisdiction. |
| 4. | Many incentives are granted for Abu Dhabi company formation industrial projects including i)a suitable plot of land will be made available at low rates ii)Public utilities, such as water and electricity are provided at very nominal and promotional rates iii) Certain industrial plants are put for rent at the various industrial zones |
| 5. | If properly structured, UAE 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 the UAE. |
| 6. | Healy Consultants can open global corporate bank accounts to support Abu Dhabi LLC company formation. |
| 7. | The UAE scores well in fiscal freedom, labor freedom, freedom from corruption, and trade freedom and has one of the freest economies in the Arab world. For more information on the UAE's economic conditions please see the Heritage Foundation's 2007 Index of Economic Freedom. |
| Disadvantages of Abu Dhabi Company Formation | |
| 1. | Abu Dhabi LLC company formation law is complex and may take up to one month to complete. |
| 2. | An Abu Dhabi LLC needs a trade licence (as well as other licences and registrations) to enable them to carry on business in Abu Dhabi. |
| 3. | An Abu Dhabi LLC is not permitted to carry on the business of insurance, banking or the investment of money for third parties. |
| 4. | Following Abu Dhabi LLC company formation, most entities are required to submit annual audited accounts to the UAE authorities.
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| 5. | Because of the local ownership requirement, it is advisable for the foreign investor undertaking Abu Dhabi company formation to enter into various ancillary agreements with the local shareholder(s) to regulate the management of the company, payment of capital, ownership of intellectual property rights and the distribution of profits. Some such agreements may be of uncertain legality. It is important that professional legal advice be sought in this regard at an early stage. |
| Healy Consultants Fees for Abu Dhabi Company Formation | |
International entrepreneurs should budget for Abu Dhabi LLC Company formation fees ranging from US$16,900 to US$37,100 depending on corporate structure and professional services required. Please email us your requirements and Healy Consultants will provide you a tailored quotation. |
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International entrepreneurs considering this type of Abu Dhabi Company should budget for fees ranging from approximately US$23,100 to US$43,100 depending on corporate structure and professional services required. |
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| Further Information | |
| Refer to the following links to read more information on Abu Dhabi Company formation: | |
| Contact Us | |
For more information on Abu Dhabi company formation, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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ENGAGEMENT COSTS ABU DHABI LLC US$16,900-37,100 * ABU DHABI BRANCH Nominee director fee Company de-registration * Depending on corporate structure and professional services required. |
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| © 2003 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |