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Dubai is a vibrant Middle East trading hub which proves attractive to international entrepreneurs. The following information will help you determine whether Dubai company incorporation is the optimum solution to fulfill your international business objectives: |
| Advantages of Dubai Company Incorporation | |
1. |
Dubai company incorporation is not perceived as an offshore company in a tax haven. Dubai is a reputable international trading jurisdiction. This is confirmed in the UAE's 35th place ranking in the 2008 Corruption Perceptions Index by Transparency International. |
2. |
If properly-structured, Dubai company incorporation is the perfect way to legitimately book international profits without paying local corporation tax. |
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To encourage Dubai company incorporation, the Dubai government offers investor incentives, including low cost energy and good communications infrastructure. For more information, visit our Incentives to Set Up a Company in Dubai page. |
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Dubai has strong client confidentiality laws and refuses to exchange information with the Organisation for Economic Cooperation and Development (OECD). |
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Foreigners can own 100% of a Dubai company if it is located in one of the UAE Free Zones. For further information, visit our Dubai Free Zones page. |
6. |
Through a Dubai branch company, one can wholly own the entity and not be subject to an annual audit. For more information, visit our Dubai Branch Company page. |
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Through a Dubai Offshore Company, it is possible to have a Dubai entity and business address, without the legal requirement to rent a physical office and employ staff. For more information, visit our Dubai Offshore Company webpage.
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8. |
The UAE is the world's 31st most competitive economy, according to The Global Competitiveness Report 2008-2009. |
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To support Dubai company formation, Healy Consultants can open corporate bank accounts with internationally banks such as HSBC, Standard Chartered and Citibank. However, Dubai corporate and personal banking products and customer service are of a poor standard. |
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Following Dubai company incorporation, our clients obtain Dubai residence and employment visas. For more information, kindly visit our Migration and Relocation services page. |
11. |
The UAE ranks a positive 31st on the United Nations Human Development Index for its high overall life expectancy, literacy, education and living standards. |
| Disadvantages of Dubai Company Incorporation | |
1. |
Dubai company incorporation is both difficult and expensive because of i) high government fees ii) inconsistent and complex Dubai company law and iii) inefficient bureaucracy.
Reflecting this, the World Bank's Doing Business 2009 Survey ranks the UAE the world's 46th easiest place to do business.
Furthermore, the UAE is ranked a lowly 54th in the Heritage Organisation's 2009 Index of Economic Freedom. |
2. |
A Dubai limited liability company (LLC) requires a UAE national to hold a 51% share. For more information on a Dubai LLC, kindly visit our Dubai LLC page. |
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It is difficult to incorporate a Dubai company unless your Firm enters an expensive lease to open a local office and employ local staff. |
4. |
The majority of new business set ups in Dubai are required to place large cash deposits with the government, usually amounting to US$50,000. |
5. |
There are no clear, consistent laws and rules governing Dubai company incorporation, including cash payments to the government. |
6. |
A Dubai Branch company requires a UAE national sponsor. |
| Healy Consultants Fees for Dubai Company Incorporation | |
Dubai LLC - budget for total engagement costs approximate US$50,000 - US$60,000. Total engagement costs vary depending on the range of the professional services required, the industry type and the Government license required. |
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Dubai Offshore Company - budget for engagement costs approximate US$15,000 for this type of Dubai company formation, including corporate bank account and local virtual office. |
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Dubai Branch Company - budget for engagement costs range between US$50,000 and US$60,000, depending on the range of the professional services required, the location of parent company and the rental of business premises. |
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UAE Free Zone Company - budget for engagement costs range between US$31,900 and US$42,000 depending on Free Zone location, quarterly rental costs etc. |
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Dubai Airport Free Zone Company - budget for engagement costs range from US$18,400 to US$33,500 including i) Free Zone Authority fees ii) working visas iii) Free Zone rental deposit iv) corporate bank account opening and v) Healy Consultants professional advisory fees. |
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| Further Information | |
| Contact Us | |
For more information on Dubai company incorporation services, email email@healyconsultants.com or telephone Healy Consultants at (+65) 6735 0120. |
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