Incentives to set up a company in the UAE

International entrepreneurs set up a company in the UAE to legitimately conduct tax-exempt international business. Healy Consultants assists with all aspects of setting up a company in the UAE, and supports this with a wide range of business start up services in the UAE. This includes assistance with opening corporate bank accounts, as well as virtual office services. The following is an overview of the incentives for setting up a company in the UAE:
1.	Foreign investors setting up a company in the UAE are not required to have a UAE citizen act as 51% shareholder if they set up a company in the UAE in a Free Zone, where a minimum of one director and one shareholder are required.
2.	International investors who set up a company in the UAE achieve unrivalled access to the Gulf's booming regional economies.
3.	Certain UAE entities (for example, in the Free Trade Zones) are not required to rent physical offices or employ staff in the UAE.
4.	Foreign investors setting up a company in the UAE benefit from freely recruiting skilled and unskilled expatriate labour to support their operations.
5.	The UAE is a highly competitive economy. According to the Global Competitiveness Report 2009-2010, the UAE is the 23rd most competitive economy in the world. Individually, some of the Emirates fare better, for instance - Qatar is ranked the 14th most competitive economy in the world by the International Institute for Management Development. For more information on Qatar company formation, kindly visit our Qatar Company Formation page.
6.	Because the country is rich in oil and gas, investors set up a company in the UAE specifically for energy-intensive industries.
7.	Setting up a company in the UAE is legitimately tax-exempt. The UAE government encourages investors to set up a company in the UAE by maintaining zero tax on corporate profits and personal income. Furthermore, there are no capital gains taxes.
8.	The UAE is ranked the world's 23rd most competitive country in World Economic Forum's Global Competitiveness Report 2009-2010. Consequently, setting up a company in the UAE is attractive to some foreign investors.
9.	The UAE government has invested heavily in developing infrastructure such as telecommunications, airports, roads and ports to support investors setting up a company in the UAE.
After setting up a company in the UAE, Healy Consultants assists with a wide range of business start up services in the UAE. These include but are not limited to the following:
1.	Assistance with obtaining UAE residence and employment visas for expatriate staff. Clients choose this business start up service in the UAE to obtain visas for management and administration staff.
2.	Assistance with statutory accounting obligations. After setting up a company in the UAE for our client, Healy Consultants assists in the preparation and submission of annual audited accounts to the UAE authorities. Most international clients prefer to outsource this important business start up service to Healy Consultants.
3.	Assistance to locate suitable office premises is an important business start up service in the UAE and is ideal for clients wishing to open an office or factory after setting up a company. Healy Consultants assists clients to i) locate an office premises according to our clients' budget and specifications and ii) negotiate the lease agreement with the landlord on behalf of our client.
4.	Healy Consultants business start up service in the UAE include a UAE virtual office, saving clients the expense and inconvenience of renting a physical office when setting up a company in the UAE.
5.	Assistance with opening a local or international corporate bank account. Most clients choose this core business start up service in the UAE. Having set up a company in the UAE on our client's behalf, Healy Consultants will open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank, without our client needing to travel.
6.	Our business start up services in the UAE include assistance with website creation, launching search engine advertising and optimisation campaigns, as well as stationery and logo design. Few other corporate service providers offer this 'one-stop-shop' business start up service in the UAE.
7.	After setting up a company in the UAE for our client, Healy Consultants assists with obtaining corporate finance, trade finance and opening merchant accounts.
Few corporate service providers offer the breadth of business start up services in the UAE.
Contact Us
For additional information on setting up a company, or our business start up services, in the UAE, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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