2014-04-16 10:59:19 - Setting aside the fact that Abu Dhabi owns 9% of the world’s proven oil reserves and 5% of the world’s natural gas reserves, doing business in this UAE emirate offers favorable legislation, ideal entrepreneurial location and insatiable appetite for foreign goods and services. International business, with the expert help of Singapore-based Healy Consultants, can now incorporate in Abu Dhabi, without the burden of personal travel.
Singapore City, Singapore – Limited liability companies represent the most common business entities in the country. Government requirements may seem costly, with minimum issued share capital of US$41,000. Furthermore this type of business cannot be 100% foreign owned, unless located within a one of the many Free Trade Zones. Business setup in Abu Dhabi ( www.healyconsultants.com/middle-east-incorporation/abu-dhabi-com ..) must appoint a minimum of two directors and one shareholder, with the latter being an UAE national. Consequently, with the help of Healy Consultants, the Client doesn’t have to travel during the engagement.
Abu Dhabi offers liberal tax regime, which is a great way to legally gain profits without paying local corporate tax. Business setups also enjoy full exemption from capital gains tax, VAT payments
and import/export taxes. There are no withholding taxes in the Emirate, which has also signed 66 double-tax treaties. Annual audited financial statements are to be submitted to the
-About the business attractions in Abu Dhabi-
The largest emirate and capitol of the UAE aims to reduce its dependence on oil exports by further growing its industrial and service sectors. This transition is done by extensive Government investments towards new industrial Free Trade Zones (FTZs) and opening new gateways to Africa and the Middle East. Registering within them offers great benefits, including:
• Ability to be fully foreign owned;
• Full legitimate tax exemption;
• Easy access to cheap energy and labour;
• Easy immigration regime for international workforce.
While most cities in the Middle East and North Africa (MENA) are reserved towards foreign companies, UAE’s capitol holds no restrictions on inward investments, different currency accounts or repatriation of capital. Furthermore, entrepreneurs will not be burdened by corruption, as it contradicts with the Islamic religion. Abu Dhabi competes heavily with its neighbor Dubai and consequently, continues to improve business conditions, with more developed transportation and logistic solutions for export companies. Furthermore, the Emirate is planning to invest US$230 billion in tourism projects over e period of five years.
Lastly, with its first class infrastructure, quality office spaces and a status of an entrepreneurial hub, Healy Consultants predicts Abu Dhabi will become the most livable city in the MENA region by 2018.
-About Healy Consultants-
Healy Consultants provide a full range of professional services, which include the following:
• Offshore financial services
• Accounting and taxation
• Corporate finance
• Business start up services
• Corporate banking
• Global marketing services
• Company formation
• International trading strategies
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers. Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.
For further information:
Mr. Aidan Healy, Business Owner, Healy Consultants
P.O. Box 114564
Anu Dhabi, UAE
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