Dubai Company Formation
Dubai is a vibrant Middle East trading hub attractive to international entrepreneurs. The following information will help you determine whether Dubai company formation is the optimum solution to fulfill your international business objectives: |
| Advantages of Dubai Company Formation |
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A Dubai company is not perceived as an offshore company in an international tax haven. Dubai is a reputable, highly regulated, international trading jurisdiction. Dubai is positively ranked as the 34th least corrupt country in the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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If properly-structured, Dubai company formation is the perfect way to legitimately book international profits without paying local corporation tax. |
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Dubai has strong client confidentiality laws and refuses to exchange information with the Organisation for Economic Cooperation and Development (OECD). |
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International entrepreneurs can own 100% of a Dubai company if it is located in one of the UAE Free Zones. For further information, visit our Dubai Free Zones page. |
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Through a Dubai Branch Company, international entrepreneurs can wholly own the entity and not be subject to an annual audit. |
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To encourage Dubai company formation, the Dubai government offers investor incentives, including low cost energy and good communications infrastructure. For more information, visit our Incentives to Set Up a Company in Dubai page. |
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7. |
Through a Dubai Offshore Company, it is possible to have a Dubai entity and business address, without the legal requirement to rent a physical office and employ staff.
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The UAE is the world's 37th most competitive economy, according to The Global Competitiveness Report 2006-2007. Therefore, international entrepreneurs enjoy a healthy, thriving business environment. |
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To support Dubai company formation, Healy Consultants can open corporate bank accounts with internationally banks such as HSBC, Standard Chartered and Citibank. However, Dubai corporate and personal banking products and customer service are of a poor standard. |
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Following Dubai company formation, our clients obtain Dubai residence and employment visas. For more information, kindly visit our Migration and Relocation services page. |
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| Disadvantages of Dubai Company Formation | ||||
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Dubai company formation is both difficult and expensive because of high government fees ii) inconsistent and complex Dubai company law and iii) inefficient bureaucracy.
According to the World Bank's Doing Business 2008 Survey, the UAE is poorly ranked as the world's 68th 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, this survey measured ease of business in all the Emirates, not just Dubai. |
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The UAE is negatively ranked as the world's 63rd freest economy in the Heritage Organisation's 2008 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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A Dubai LLC (limited liability company) requires a UAE national to hold a 51% shareholding. |
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It is difficult to incorporate a Dubai company unless your Firm enters an expensive lease to open a local office and employs local staff. |
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5.
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The majority of new business set ups in Dubai are required to place large cash deposits with the government, often amounting to US$50,000. |
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There are no clear, consistent laws and regulations governing Dubai company formation, including cash payments to the government. |
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A Dubai Branch Company requires a UAE national sponsor. |
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| Healy Consultants Fees for Dubai Company Formation | ||||
Dubai LLC - international entrepreneurs should budget for total engagement costs ranging between US$41,900 and US$50,000, depending on the range of professional services required, the industry type and the government license required. These fees include UAE sponsor fees, government fees, corporate bank account, virtual office fees and legal costs. |
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Dubai Offshore Company - international entrepreneurs should budget for engagement costs approximating US$13,000 for this type of Dubai company formation, including corporate bank account and local virtual office. |
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Dubai Branch Company - international entrepreneurs should budget for engagement costs ranging between US$50,900 and US$60,000, depending on the range of the professional services required, the location of parent company and the rental of business premises. |
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UAE Free Zone Company - international entrepreneurs should budget for engagement costs ranging between US$31,900 and US$42,000 depending on Free Zone location, quarterly rental costs etc. |
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| Further Information | ||||
For further information on UAE company formation, visit our UAE Company Formation page. |
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| Contact Us | ||||
For more information on any of our Dubai company formation services, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
Singapore Company Formation | Hong Kong Company Formation | Offshore Company Formation | UAE Company Formation
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ENGAGEMENT COSTS Dubai LLC Dubai Offshore Company Dubai Branch Company Free Zone Company * Depends on corporate structure and professional services required. |
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| © 2003 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |