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 Dubai RAK Abu Dhabi Sharjah Ajman Our recommendation in order of preference 1 2 3 4 5 Summary at a glance Total year 1 engagement set up costs? US$ US$22,000 US$21,400 US$28,740 US$25,225 US$26,075 Total year 2 costs (incl. audit and tax)? US$ 9,850 10,400 15,350 9,850 9,950 Our Client must travel during the engagement? No No No No No Total engagement period? (months) 3 2 2 3 3 Corporation tax rate on net profits (click link)? 0% 0% 0% 0% 0% Average monthly skilled labor salary (click link)? US$3,500 US$2,450 US$3,500 US$2,200 US$2,500 Average monthly office rental per sq m? US$61 US$57 US$45 US$57 US$33 Average monthly warehouse rental per sq m? US$30 US$15 US$20 US$17 US$20 Must be a 51% shareholder for trading business Yes Yes Yes Yes Yes Must be a 51% shareholder for services business No No No No No English language proficiency % of population? 78% 75% 50% 75% 75% Incorporation requirements ...

  Jebel Ali offshore company RAK offshore company Ajman offshore company Summary at a Glance US$ US$ US$ Total company set up costs US$16,700 US$11,870 US$10,870 Subsequent annual costs US$7,750 US$4,470 US$4,470 Type of company LLC LLC LLC How long to set the company up? 1 week 1 week 2 weeks How long to open company bank account? 3 weeks 3 weeks 3 weeks Issued share capital required US$1 US$1 US$1 Any restriction on activities? Yes No No Corporate bank account in the UAE? Yes Yes Yes Tenancy agreement required before incorporation? No No No Do you visit the country for company incorporation? No No No 100% foreign ownership allowed Yes Yes Yes Resident director or shareholder required? No No No Can conduct business within the UAE? No No No Legal registered office needed? Yes Yes Yes Can rent office premises No No No Can the entity hire expatriate staff? No No No Bearer shares allowed? No Yes No Documents ...

Doing Business in the Middle East through a local distributor Registration of a company in Middle Eastern countries often require high amounts of paid-up capital and a local joint venture partner. A simpler, more cost-effective way of doing business within these countries is to trade through a local agent. Since 2003, Healy Consultants has consequently assisted our Clients in securing a reliable local distributors and agents in the Middle East including: Saudi, UAE and Qatar Services we can also offer include i) conducting due diligence on the potential partners ii) drafting and negotiating terms and conditions of the agency agreement iii) securing an import license (if required) and iv) other business support services. How we proceed Before contracting an agent or distributor, Healy Consultants will assist our Client to i) secure confirmation of interest from multiple professional agent companies ii) negotiate the best terms and conditions with the agents iii) obtain detailed d...

Business entities in Qatar 100% foreign ownership is strictly restricted under Qatar law and requires approval from the Qatar Ministry of Business and Trade in most industries. Before proceeding to the registration of a company in Qatar, it is hence strongly recommended to firstly determine whether the activities of the company are all open to foreign investors or will require the formation of a joint venture. In restricted sectors, a simpler and less costly alternative to business setup is to operate through an agency agreement. In any case, Healy Consultants will be pleased to discuss your business needs and recommend the most optimum solution. Doing business in Qatar through a local entity The Qatar wholly foreign-owned company Qatar legal requirements for setting up different business entity typesQatar legal requirements for setting up different business entity types Foreigners can register a wholly foreign-owned company in Qatar only i) in specific industries listed in the...