Middle East Zero Tax Companies in 2023

RAKLebanonJebel AliAjmanJordan
Our ranking in order of preference12345
Summary at a glance
Total year 1 engagement set up costs?US$15,401US$11,830US$18,300US$11,870US$31,845
Total year 2 costs (incl. audit and tax)?US$5,551US$6,800US$12,400US$4,470US$14,620
Minimum paid up share capital?US$1US$20,000US$1US$1US$1,500
Total engagement period?2 months3 months2 months2 months2 months
How long to set the company up?2 weeks1 month2 weeks2 weeks1 month
Our Client must travel?NoNoNoNoNo
How long to open bank account?5 weeks1 month5 weeks8 weeks2 weeks
Recommended bank account location?DubaiLebanonDubaiDubaiJordan
Fast turnkey solution available?NoNoNoNoNo
Incorporation requirements
Resident director required?NoNoNoNoNo
National shareholder required?NoNoNoNoNo
Minimum number of directors?13211
Minimum number of shareholders?13111
Resident company secretary required?YesNoYesNoNo
Individual shareholders allowed?YesYesYesYesYes
Corporate shareholders allowed?YesYesYesYesYes
Corporate director(s) allowed?YesYesNoYesNo
Public register of shareholders & directors?NoNoNoNoYes
Tax and accounting considerations
Corporate tax payable?0%US$7000%0%0%
Annual tax return to be submitted?NoYesNoNoYes
Annual financial statements required?NoYesYesNoYes
Statutory audit required?NoYesYesNoNo
Must register for GST or VAT?NoNoNoNoNo
Access to double tax treaties?NoNoNoNoNo
Resident company for local tax?NoNoNoNoNo
Can do business and hire locals?NoNoNoNoNo
Blacklisted “tax neutral” jurisdiction?NoNoNoNoNo
Corporate bank account considerations
Healy Consultants’ preferred bank?Noor BankArab BankEmirates NBDMashreq BankArab Bank
Do I travel to open the bank account?YesNoYesYesNo
Can open a US$ corporate bank account?YesYesYesYesYes
Good internet banking available?YesYesYesYesYes
Funds transfer currency controlsNoNoNoNoYes
Bank rating by World Economic Forum?2327232357
Ease of getting credit by WEF? score (1-7)32.8333.6
Corporate ATM card available?YesYesYesYesYes
How many banks in the country?4654464625
Logistics considerations
Registered address needed to incorporate?YesYesYesYesYes
Our fee for registered address servicesUS$1,100US$1,800US$1,100US$1,100US$2,950
Physical office space needed to incorporate?NoNoNoNoNo
Virtual office services available?YesYesYesYesYes
Allowed to make sales to foreign Clients?YesYesYesYesYes
Allowed to make sales to local Clients?NoNoNoNoNo
Local sales subject to tax?NoNoNoNoNo
Can the entity hire local staff?NoNoNoNoNo
Can the entity hire expatriate staff?NoNoNoNoNo
Estimate of engagement costsUS$US$US$US$US$
Healy Consultants engagement feesUS$4,720US$6,450US$6,750US$4,720US$11,750
Company secretary and registered officeUS$1,200US$1,800US$1,100US$1,100US$2,950
Government feesUS$1,100US$630US$1,550US$1,100US$2,300
Project management fees (0 if not required)US$0US$0US$3,950US$0US$4,645
Corporate bank account openingUS$6,950US$2,950US$4,950US$4,950US$2,950
Estimate of total outgoings in Year 1US$15,401US$11,830US$18,300US$11,870US$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