Middle East Zero Tax Companies in 2022

  RAK Lebanon Jebel Ali Ajman Jordan
Our ranking in order of preference 1 2 3 4 5
Summary at a glance
Total year 1 engagement set up costs? US$11,870 US$11,830 US$18,300 US$11,870 US$31,845
Total year 2 costs (incl. audit and tax)? US$4,470 US$6,800 US$12,400 US$4,470 US$14,620
Minimum paid up share capital? US$1 US$20,000 US$1 US$1 US$1,500
Total engagement period? 2 months 3 months 2 months 2 months 2 months
How long to set the company up? 2 weeks 1 month 2 weeks 2 weeks 1 month
Our Client must travel? No No No No No
How long to open bank account? 5 weeks 1 month 5 weeks 8 weeks 2 weeks
Recommended bank account location? Dubai Lebanon Dubai Dubai Jordan
Fast turnkey solution available? No No No No No
Incorporation requirements
Resident director required? No No No No No
National shareholder required? No No No No No
Minimum number of directors? 1 3 2 1 1
Minimum number of shareholders? 1 3 1 1 1
Resident company secretary required? Yes No Yes No No
Individual shareholders allowed? Yes Yes Yes Yes Yes
Corporate shareholders allowed? Yes Yes Yes Yes Yes
Corporate director(s) allowed? Yes Yes No Yes No
Public register of shareholders & directors? No No No No Yes
Tax and accounting considerations
Corporate tax payable? 0% US$700 0% 0% 0%
Annual tax return to be submitted? No Yes No No Yes
Annual financial statements required? No Yes Yes No Yes
Statutory audit required? No Yes Yes No No
Must register for GST or VAT? No No No No No
Access to double tax treaties? No No No No No
Resident company for local tax? No No No No No
Can do business and hire locals? No No No No No
Blacklisted “tax haven” jurisdiction? No No No No No
Corporate bank account considerations
Healy Consultants’ preferred bank? Noor Bank Arab Bank Emirates NBD Mashreq Bank Arab Bank
Do I travel to open the bank account? Yes No Yes Yes No
Can open a US$ corporate bank account? Yes Yes Yes Yes Yes
Good internet banking available? Yes Yes Yes Yes Yes
Funds transfer currency controls No No No No Yes
Bank rating by World Economic Forum? 23 27 23 23 57
Ease of getting credit by WEF? score (1-7) 3 2.8 3 3 3.6
Corporate ATM card available? Yes Yes Yes Yes Yes
How many banks in the country? 46 54 46 46 25
Logistics considerations
Registered address needed to incorporate? Yes Yes Yes Yes Yes
Our fee for registered address services US$1,100 US$1,800 US$1,100 US$1,100 US$2,950
Physical office space needed to incorporate? No No No No No
Virtual office services available? Yes Yes Yes Yes Yes
Allowed to make sales to foreign Clients? Yes Yes Yes Yes Yes
Allowed to make sales to local Clients? No No No No No
Local sales subject to tax? No No No No No
Can the entity hire local staff? No No No No No
Can the entity hire expatriate staff? No No No No No
Estimate of engagement costs US$ US$ US$ US$ US$
Healy Consultants engagement fees US$4,720 US$6,450 US$6,750 US$4,720 US$11,750
Company secretary and registered office US$1,100 US$1,800 US$1,100 US$1,100 US$2,950
Government fees US$1,100 US$630 US$1,550 US$1,100 US$2,300
Project management fees (0 if not required) US$0 US$0 US$3,950 US$0 US$4,645
Corporate bank account opening US$4,950 US$2,950 US$4,950 US$4,950 US$2,950
Estimate of total outgoings in Year 1 US$11,870 US$11,830 US$18,300 US$11,870 US$31,845
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Contact us

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