UAE Business Startup

Although UAE business startup is difficult, Healy Consultants' experience of forming a business in the UAE is valued by our clients, who appreciate our logical and transparent UAE business setup procedures. The following is an overview of UAE business startup challenges and opportunities.
1.	If properly structured, forming a business in the UAE is a legitimate way to book international profits that are exempt from local corporation tax. Furthermore, there are no capital gains or personal income taxes in the UAE.
2.	Some UAE entities (for example a Dubai Offshore Company) are not permitted to conduct business within the UAE. However, through a UAE offshore company, it is possible to have a UAE entity and business address, without the legal requirement to rent a physical office and employ staff.
3.	Despite its complexities, the UAE business startup is attractive for foreign investors. According to the United Nations Conference on Trade and Development (UNCTAD), the UAE received US$4 billion in foreign direct investment (FDI) in 2010 (US$3.95 billion in 2009).
4.	Investors forming a business in the UAE through a UAE branch company can fully own the entity and avoid an annual audit.
5.	Investors choosing UAE business start up to conduct both local and international trade choose a limited liability company (LLC). However, an LLC requires a minimum 51% shareholding by UAE citizens. For further information, visit this Dubai LLC page.
6.	A minimum of one shareholder and one director is required to comply with UAE business set up regulations in UAE Free Trade Zones. There is no restriction on the maximum number of shareholders, and corporate shareholders are allowed.
7.	Despite the challenges of UAE business set up, Healy Consultants provides a professional approach, the core elements of which are:
	i)	Our client settles our fees and signs Healy Consultants engagement letter.
	ii)	Healy Consultants provides a detailed UAE business start up engagement plan.
	iii)	Healy Consultants completes UAE business set up with the corporate structure as agreed with our client.
	iv)	Healy Consultants opens a local or international multi currency corporate bank account for our client.
	v)	Following UAE business set up, Healy Consultants e-mails an engagement feedback survey to our client.
8.	Healy Consultants offers a wide range of services to support company start-up in the UAE:
	i)	After forming a business in the UAE, Healy Consultants will open a local or international corporate bank account with a leading retail bank such as HSBC, Standard Chartered and Citibank;
	ii)	After UAE business set up, Healy Consultants prepares business plans, conducts market research and draws up feasibility studies for clients;
	iii)	Following UAE business start up, Healy Consultants handles statutory accounting formalities on behalf of the company;
	iv)	After forming a business in the UAE, Healy Consultants assists clients to locate suitable office premises in the UAE, or provides virtual office services to enable them to avoid the high costs of renting an office in the UAE;
	v)	To support UAE business set up, Healy Consultants builds a business website and launches search engine advertising and optimisation campaigns for our client;
	vi)	Having completed UAE business start up, Healy Consultants assists our client to obtain corporate finance, trade finance and open merchant accounts.
Contact Us
For more information on UAE business start up, email email@healyconsultants.com or call us at (+65) 6735 0120.
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