| 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 |
| Draft sales invoice | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
