Dubai is a vibrant Middle East trading hub which proves 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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| 1. | A Dubai company is not perceived as an offshore company in a tax haven. Dubai is a reputable international trading jurisdiction. This is confirmed in the UAE's 34th place ranking in the 2007 Corruption Perceptions Index by Transparency International. |
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| 2. | If properly-structured, Dubai company formation is the perfect way to legitimately book international profits without paying local corporation tax. |
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| 3. | Dubai has strong client confidentiality laws and refuses to exchange information with the Organisation for Economic Cooperation and Development (OECD). |
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| 4. | Foreigners 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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| 5. | Through a Dubai branch company, one can wholly own the entity and not be subject to an annual audit. For more information, visit our Dubai Branch Company page. |
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| 6. | 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. For more information, visit our Dubai Offshore Company webpage.
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| 8. | The UAE is the world's 37th most competitive economy, according to The Global Competitiveness Report 2006-2007. |
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| 9. | 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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| 10. | 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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| 11. | The UAE ranks a positive 39th on the United Nations Human Development Index for its high overall life expectancy, literacy, education and living standards. |
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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.
Reflecting this, the World Bank's Doing Business 2008 Survey ranks the UAE the world's 68th easiest place to do business.
Furthermore, the UAE is ranked a lowly 63rd in the Heritage Organisation's 2008 Index of Economic Freedom. |
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| 2. | A Dubai limited liability company (LLC) requires a UAE national to hold a 51% share. For more information on a Dubai LLC, kindly visit our Dubai LLC page. |
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| 3. | It is difficult to incorporate a Dubai company unless your Firm enters an expensive lease to open a local office and employed local staff. |
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| 4. | The majority of new business set ups in Dubai are required to place large cash deposits with the government, usually amounting to US$50,000. |
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5. |
There are no clear, consistent laws and rules governing Dubai company formation, including cash payments to the government. |
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6. |
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 approximating US$31,900. Although total engagement costs can reach US$60,000 depending on the range of the professional services required, the industry type and the Government license required. |
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Dubai Offshore Company - international entrepreneurs should budget for engagement costs approximating US$8,900 for this type of Dubai company formation. However, total engagement costs can reach US$13,000 depending on the range of the professional services required. |
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Dubai Branch Company - international entrepreneurs should budget for engagement costs approximating US$23,100. However, total engagement costs can reach US$50,000 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 approximating US$18,400. for this type of Dubai company formation, although total engagement costs depend on the range of the professional services required. However, total engagement costs can reach US$50,000 depending on the range of the professional services required, the industry type, the Government license required and the rental of business premises. |
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| Further Information | ||||
For further information on UAE company formation, please refer to this webpage. |
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| Contact Us | ||||
For more information on any of our Dubai company formation services, email email@healyconsultants.com or telephone Healy Consultants at (+65) 6735 0120. |
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Back to Middle East and Asia Pacific Company Incorporation page. |
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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 |