YEMEN YEMEN SERVICES

Business Set Up in Yemen

The Republic of Yemen is a country in West Asia. It offers investors inexpensive labour and high tariff for project finance compared to other developed countries. Doing business in Palestine requires familiarity with the legal environment, tax structures, and procedures. Enterslice is an all-inclusive solution for you. Enterslice will assist you in achieving your business goals.

Benefits of Doing Business in Yemen

 

Inexpensive Labour

High tariff rates for project finance

Significant returns in power, fishery, real estate development, infrastructure, and energy sectors.

Service Sector

Agricultural Sector

Industrial Sector

Different Types of Business Structures in Yemen

 

Partnerships

A partnership is a form of entity characterized by two or more people having an agreement to carry out business activities. The deal is done to share profits and losses. In a partnership, the liability of the individuals is unlimited. Therefore, the creditors can claim the personal assets of the partners.

Limited Partnerships

Limited Partnership is a form of entity whose liability is limited to a particular extent. Here there are two or more partners which comprise the partnership company. As the liability is limited, the creditors cannot go after the personal assets of the partners.

Limited Liability Company

This form of entity is also known as an LLC. This type of business structure is commonly utilized by different investors. An investor going for company registration in Yemen can choose this form of entity as there are many benefits. It has the structure of a partnership and also the benefits of a company. There is no minimum capital requirement for forming a limited liability company. This form of entity can carry out different forms of business activities and services. Usually, an LLC in Yemen is 100% domestically owned. One local director is required to be appointed to run an LLC in Yemen.

Joint Stock Company

A Joint Stock Company is an entity that lists shares in a public stock exchange. There are a minimum number of directors and shareholders required for this form of entity. Shareholders of this company would be members of the public. There are allowed to trade shares as per the Articles of the Company.

Different Taxes in Yemen

 

Corporate Income Tax

Property Tax

Value-Added Tax

Withholding Tax

Zakat

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our Yemen Entry Strategy services involve the following services:

About the Yemen Entry Strategy

Our Yemen Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in Yemen are Partnerships, Limited Liability Companies, Limited partnerships & Joint Stock Companies. Our business set-up services contain advisory related to the type of business structure you should opt for to set up business in Yemen. Our team at Enterslice will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. Our clients obtain thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We help in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

Yes, you can do business in Yemen, but first, you must obtain approval from MOIT.

Yemen ranks 187 out of 190 countries in the ease of doing business.

The majority of the population in Yemen makes money from agricultural activities related to trade and manufacturing.

Agricultural activities are the main form of business in Yemen.

The withholding tax rate in Yemen is 10% on payments made to residents and non-resident entities for availing services in Yemen.

Yes, Yemen has a Personal income tax rate that is collected from individuals and imposed on different sources of income like labour, pensions, interest, and dividends.

The primary source of income in Yemen is agricultural activities related to trade and manufacturing.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s, CPA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CA/CFA/CPA.

Strong team of In-house Lawyers/Attorney’s/CA/CFA/CPA.

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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