UAE Company Formation

The oil-rich United Arab Emirates (UAE) have one of the highest per capita incomes in the Middle East, as well as one of the world's fastest-growing economies. Many international investors choose UAE company formation to tap the opportunities of this fast-paced, dynamic emerging market. The following information will help you determine whether UAE company formation is the optimum solution for your business.
Advantages of UAE Company Formation
1.	A UAE company is not perceived as an offshore company in a tax haven. The UAE is a reputable, regulated, international trading jurisdiction. A Dubai Offshore Company is an excellent vehicle to use as a holding or investment company. An offshore UAE company is an excellent, long term alternative to an offshore company in other jurisdictions such as the Cayman Islands and British Virgin Islands.
2.	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.
3.	UAE company formation allows 100% foreign ownership, if the investor opts to set up in a UAE Free Trade Zone. For example, a Ras Al Khaimah Free Zone Company is a low-cost entity through which international business can be conducted.
4.	A minimum of one shareholder and one director is required to comply with company formation regulations in UAE Free Trade Zones. There is no restriction on the maximum number of shareholders, and corporate shareholders are allowed.
5.	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. Healy Consultants offers a full UAE virtual office service which includes telephone answering and mail forwarding services.
6.	Through a UAE branch company, investors can wholly own the entity and not be subject to an annual audit. A Dubai Branch Company can be 100% foreign-owned, although it requires a UAE national sponsor.
7.	Ras Al Khaimah has positioned itself as a reliable and low cost alternative to Dubai business setup. For more information on Ras Al Khaimah company formation, kindly visit our Ras Al Khaimah Company Formation page.
8.	Healy Consultants can open global corporate bank accounts to support UAE company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
9.	Following UAE company formation, our clients obtain UAE residence and employment visas. For example, an Abu Dhabi LLC allows directors and shareholders to obtain UAE visas. Healy Consultants assists clients to make the process of applying for employments passes as swift as possible.
10.	The UAE is a highly competitive economy. The According to the International Institute for Management Development, Dubai was the 17th most competitive economy in the world in 2005. For more information on Dubai company formation, kindly visit our Dubai Company Formation page.
11.	Abu Dhabi plans to spend a reported US$175 billion on tourism, industry, energy, infrastructure and other projects by 2012. For more information on Abu Dhabi company formation, kindly visit our Abu Dhabi Company Formation page.
12.	Sharjah's economy grew by 19.9% in 2006 against 2005, sparking interest in UAE company formation in Dubai's neighbour. For more information on Sharjah company formation, kindly visit our Sharjah Company Formation page.
Disadvantages of UAE Company Formation
1.	UAE company formation is hampered by i) high government fees ii) inconsistent and complex Dubai company law and iii) inefficient bureaucracy.
2.	There are no clear, consistent laws and rules governing UAE company formation, including cash payments to the government.
3.	A UAE offshore company can neither trade products or provide services within the UAE, nor rent local premises or open a corporate bank account in the UAE.
4.	A UAE limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens and a minimum of two shareholders.
5.	Following UAE company formation, most entities are required to submit annual audited accounts to the UAE authorities. Healy Consultants will assist our clients efficiently and effectively to complete this annual statutory obligation.
6.	UAE corporate and personal banking products and customer service are of a poor standard.
7.	For investors considering UAE company formation, the country is perceived as the 34th least corrupt country in the world, according to the 2007 Corruption Perceptions Index by Transparency International , a global measure of corruption amongst public officials and politicians.
Other Information on UAE Company Formation

Healy Consultants' Fees for UAE Company Formation
Healy Consultants' UAE company formation fees range between US$12,100 and US$62,900 depending on the corporate structure and the range of professional services required.
Contact Us
For more information on UAE company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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