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Establishing A Company In The UAE
The United Arab Emirates (UAE) is one of the most dynamic economies in the Middle East, and has one of the highest per capita incomes in the region. With its major construction and infrastructure projects, it is one of the economies least affected by the global downturn. Many international investors choose to establish a company in the UAE to take advantage of the opportunities in this fast-paced, dynamic emerging market. The following information will help you determine whether establishing a company in the UAE is the optimum solution for your business. |
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| 1. | When establishing a company in the UAE, it is important to assess the optimum corporate structure in order to legitimately book international profits without paying local corporation tax. Additionally, there are no capital gains or personal income taxes in the UAE. |
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| 2. | The UAE ranks a positive 35th on the United Nations Human Development Index for 2009, which rates a country on its overall life expectancy, literacy, education and living standards. |
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| 3. | Establishing a company in the UAE can be very expensive. However, changes in minimum capital requirements have significantly decreased set-up costs for small and medium enterprises, and share capital upon incorporation is tailored to the size, nature and goals of each business. |
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| 4. | If establishing a company in the UAE through a limited liability company or branch company, a UAE citizen must be appointed as a 51% shareholder, as per statutory regulations. Prior to establishing a company in the UAE, Healy Consultants will introduce you to a bona fide UAE businessman who acts as the nominee shareholder for our clients. |
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| 5. | Foreign investors requiring 100% company ownership choose establish a company in a UAE free zone. However, when establishing a company in the UAE free zones i) it is necessary to rent a physical office in the Free Zone and ii) a Free Zone company is not permitted to conduct business in the UAE. |
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| 6. | 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, please visit our Qatar Company Formation page. |
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| 7. | For investors considering UAE company formation, the country is perceived as the 30th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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| 8. | The lead time for establishing a company in the UAE depends on the type of company being registered, and varies between nine and 14 weeks. |
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Other Information on Establishing a Company in the UAE |
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| 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. |
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| Contact Us | |||
For additional information on establishing a company in the UAE, contact email@healyconsultants.com or call us at (+65) 6735 0120. |
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