UAE Corporate Entity

Many international investors choose to incorporate a UAE corporate entity to tap the opportunities of this fast-paced, dynamic emerging market. The following information will help you determine whether a UAE corporate entity is the optimum solution for your business.
1.	A UAE corporate entity is not perceived as an offshore company in a tax haven. The UAE is a reputable, regulated, international trading jurisdiction. A UAE Offshore Company is an ideal vehicle to use as a holding or investment company.
2.	For investors considering formation of a UAE corporate entity, the country is perceived as the 28th least corrupt country in the world, according to the 2011 Corruption Perceptions Index by Transparency International , a global measure of corruption amongst public officials and politicians.
3.	If properly structured, a UAE corporate entity 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.
4.	A UAE corporate entity is allowed 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.
5.	An offshore company UAE corporate entity can neither trade products or provide services within the UAE, nor rent local premises or open a corporate bank account in the UAE.
6.	A minimum of one shareholder and one director is required to comply with UAE corporate entity regulations in UAE Free Trade Zones. There is no restriction on the maximum number of shareholders, and corporate shareholders are allowed.
7.	Following incorporation of a UAE corporate entity, most entities are required to submit annual audited accounts to the UAE authorities.
8.	UAE corporate and personal banking products and customer service are of a poor standard.
9.	Healy Consultants can open global corporate bank accounts to support your UAE corporate entity. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
10.	There are no clear, consistent laws and rules governing formation of a UAE corporate entity, including cash payments to the government.
11.	Following incorporation of a UAE corporate entity, our Clients can obtain UAE residence and employment visas. For example, an Abu Dhabi LLC allows directors and shareholders to obtain UAE visas.
12.	The UAE is a highly competitive economy. According to the Global Competitiveness Report 2011-2012, the UAE is the 27th 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.
13.	A UAE limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens.
14.	Formation of a UAE corporate entity is hampered by i) high government fees ii) inconsistent and complex Dubai company law and iii) inefficient bureaucracy.
15.	A UAE LLC requires a minimum of two shareholders.
Contact Us
For additional information on incorporating a UAE corporate entity, email email@healyconsultants.com or call us at (+65) 6735 0120.
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