Middle East manufacturing companies comparisons in 2023

Middle East LLC comparisonsDubai trading LLCQatar LLCBahrain LLCKuwait LLCKSA LLC
Our ranking in order of preference12345
Summary at a Glance
Total year 1 engagement set up costs?US$28,187US$30,914US$25,131US$76,390US$63,057
Total year 2 costs (incl. audit and tax)?US$9,850US$6,600US$7,662US$18,840US$34,840
Our Client must travel during company setup?NoNoNoNoNo
Total engagement period?3 months3 months3 months6.5 months4.5 months
Corporation tax rate on net profits? (click link)0%10%0%15%20%
Average monthly skilled labour salary? (click link)US$2,150US$2,590US$564US$2,056US$616
Average monthly office rental per sq m?US$42US$50US$25US$50US$25
Average monthly warehouse rental per sq m?US$30US$30US$10US$10US$10
Must be a 51% shareholder for trading businessYesYesNoYesNo
Must be a 51% shareholder for services businessNoYesNoYesNo
English language proficiency % of population?78%60%45%70%40%
Incorporation requirements
How long to set the company up?2 months1 month2 months6 months9 months
Minimum number of shareholders?22212
Individual and corporate shareholders allowed?YesYesYesYesYes
Minimum number of directors?11211
Resident director required?NoNoNoNoNo
Minimum paid up share capital?US$1US$55,000US$2,660US$50,000US$27,000
Fast turnkey solution available? (click link)YesNoNoNoNo
Fastest time Healy Consultants set up company?2 months1.5 months2 months1 month2.5 months
Corporate director(s) allowed?YesNoYesNoYes
Public register of shareholders & directors?YesYesYesYesYes
Tax and accounting considerations
Corporate tax payable?0%10%0%15%20%
Withholding tax on dividends paid overseas0%0%0%15%15%
Annual financial statements required?YesYesYesYesYes
Statutory independent annual audit required?YesYesYesYesYes
Export taxes on goods and local GST or VAT?NoNoNoNoNo
Best holding company to extract dividends?Marshall IslandsHong KongBVIBruneiSingapore
Tax incentives for manufacturing start-ups?YesYesNoNoYes
Access to how many double tax treaties?6610614031
Number of tax exempt free zones available?31231None
GCC member? (click link)YesYesYesYesYes
Corporate bank account considerations
Healy Consultants’ preferred bank?Noor BankCommercial Bank of QatarArab BankHSBCSABB
How long to open bank account?5 weeks4 weeks3 weeks4 weeks4 weeks
Do I travel to open the bank account?YesYesYesYesYes
Can open a US$ corporate bank account?YesYesYesYesYes
Good internet banking available?YesYesYesYesYes
Funds transfer currency controlsNoNoNoNoNo
Bank rating by World Economic Forum?
Ease of getting credit by WEF? score (1-7)
Employment considerations
Average skilled labour monthly salary?US$3,500US$4,500US$3,500US$3,900US$3,700
Average unskilled labour monthly salary?US$800US$700US$2,000US$600US$1,300
Average pension/insurance benefits % of salary?12.5%10%9%11.5%9%
Minimum national salary?NoneNone$800$216$720
Mandatory labor unions?NoNoNoNoNo
Minimum notice to dismiss employees?1 month1 week1 month1 month1 month
Minimum redundancy indemnity?1 month1 weekN/A2 weeksNone
Quota ratio of foreign workers to local staff?3 to 14 to 12 to 15 to 15 to 1
How long to get work permit approved?4 weeks4 weeks3 weeks3 weeks4 weeks
Manufacturing considerations
Cost per unit of electricity? US$
Rank for getting electricity (click link)440739322
Warehousing space rental (per sq. m.)?US$30US$30US$10US$10US$13
Ranking for transport infrastructure (1-7 best) (click link)
Ranking for customs procedures out of 10? (click link)
Average import duty % on raw materials?0%0%0%0%0%
Government incentives for startups?YesYesYesYesYes
Computer literacy % of population?90%86%79%66%54%
Internet connectivity rating?StrongStrongStrongStrongPoor
Global business efficiency index? (click link)2321264331
Preferred manufacturing city?DubaiDohaManamaKuwait CityKuwait City
Proximity of sea port in kilometers?11441314495
Proximity of airport in kilometers?3114715.535
Proximity of rail in kilometers?00.301711018
Literacy % of population90%96%95%93.9%93.9%
Local purchasing power (GDP per capita)US$43,876US$93,684US$24,692US$ 52,182US$ 25,959
Local market size (in millions of people)2m2m1m4m31m
Average annual inflation rate in 2014?3%3%2.5%2.9%2.6%
Average unemployment rate in 2014?2.6%0.5%4.1%2.1%5.5%
Ease of doing business index (click link)2250538649
Country rating (click link)AAAABBBAAAA

Contact us

For additional information on our incorporation services, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi