Do you want to open a business in Yemen? Yemen is a country positioned on the Arabian Peninsula that speaks Arabic. It's one of the most significant nations on the Arabian Peninsula. The Republic of Yemen is Yemen's official name. Although registering a company in Yemen is very simple, it's crucial to abide by local laws. According to the World Bank Survey, Yemen is ranked 156th in the world for ease of doing business. Registering a business in Yemen with Enterslice's help is easy and hassle-free. You can concentrate on more important aspects of your company with the help of our advisors. You will have a flawless experience with the Yemen company registration process with the expertise of our team. With more than 15 years of corporate registration experience, we set up your business systematically and effectively.
Company Incorporation Services in Yemen
Request a Call Back by our Expert
The Republic of Yemen is the birthplace of all Arabs in the Middle East and is situated on the Arabian Peninsula in the southwest of the continent of Asia. Yemen's industrial sector primarily focuses on producing crude oil, petroleum refining, and food processing. In addition, small-scale businesses and SMEs support the growth of the economy. In this nation, shipbuilding complexes are frequently used for new ship construction and refurbishment. Yemen benefits from its strategic location, which places it amid the expanding markets of Asia, Africa, and Europe and gives it access to international trade. Contact us to learn more about the requirements for establishing a business in Yemen. We will perform and function in the best possible manner without wasting your time and effort. With Enterslice, make your business prudent and efficient. We handle all administrative and formal procedures on your behalf, freeing you to focus on running your business and not worrying about anything. We remove all your confusion and register your business by complying with the legal procedures with the help of our international legal consultants. Our legal specialists offer legal guidance on business operations, finances, and intellectual property protection. We can evaluate the necessary Paper works and draft legal necessary papers for your company. We also make sure that all legal and regulatory requirements are adequately met. Based on your company's needs, our advisors create a strategy for starting and running the company. We create cash flows and a budget for your company. We also perform company reviews and evaluate internal control procedures. We offer advice on matters about business management. We offer advice on the kind of business structure you ought to choose when establishing a company in Yemen as part of our business set-up services. Our staff at Enterslice will help you with business registration, opening a corporate bank account and post-registration compliance. With years of experience in setting up businesses, our friendly support staff is here to help you at every turn. We will assign a capable account manager to help your company's chosen method of effective communication. Since an LLC is the most common business structure type in Yemen, the process below covers Yemen LLC registration. The procedure for registering a corporation in Yemen (LLC) is as follows: Married women must obtain permission from the relevant authority to leave the marital residence, according to Personal Status Law No. 20 of 1992, Art. 40 (which would only apply to married women). In Yemen, spouses are permitted to register a business. Permission is needed if a woman wants to write a firm. The aforementioned procedure would take roughly one working day to complete. The applicant for Yemen company registration must reserve a distinctive name for the business in the next stage. Because the company's name needs to be unique, no other company or person may use it. The name may violate no Yemen local or national legislation. The corporation may reserve and register its name at the Commercial Register. The Ministry of Trade & Industry is responsible for executing this process. It would take approximately one working day to finish this process, and registration costs YER 17,020. The candidate must complete the registration form and submit it with a few supporting papers in the following stage. It would take roughly a week to complete this process. Together with the registration, the following fee must be paid: The applicant would then need to register with the Department of General Taxation. Given that the applicant would obtain the tax registration ID, this is a mandatory prerequisite. Registering for corporation tax, income tax, and VAT with this ID is possible. One working day would be needed to complete this process. The applicant must formally apply for Chamber of Commerce (COC) membership in the next phase. The membership application fee is YER 18,900, and the processing time is approximately one working day. After becoming a member, the applicant would need a commercial licence from the Municipality. When creating the firm, the promoters are required to specify the kind of business they conduct. The municipality will supply the agency permit number. This licence must be on display in the company's registered office. It would take roughly a week to obtain this licence worth YER 80,000. The company is required to register with Social Security if it employs more than two people. The employee's employer must deposit 15% of their monthly pay with Social Security. Six per cent is withheld from the employee's pay, while the employer pays the remaining nine per cent. It would take roughly two days to finish this. The Social Security Administration is the designated organisation to complete the procedure Our services aim to assist the foreign entity in selecting an appropriate corporate structure and provide guidance on setting up and registering the proposed entity in Yemen while considering tax optimisation. Regarding the previously described scenario, we offer the following services: Our intended services include: All businesses, regardless of their activities, whether domestic or foreign, must generally adhere to the International Financial Reporting Standards (IFRS) and submit audited accounts in compliance with Republic of Yemen laws and customs. Additionally, businesses must submit their final annual corporate tax declaration by the deadline, along with operating accounts certified by a locally registered auditor. Large taxpayers, including corporations, branches, and other business facilities, must maintain their accounts in the Republic for tax inspection. The following business configurations are acceptable for Yemeni company registration: A partnership is a type of organisation in which two or more individuals come to an understanding to conduct business together to split profits and losses. An individual's liability in a partnership would be limitless. Therefore, the partners' assets may be pursued by the creditors. A limited partnership is an organisation where liability is restricted to a certain degree. In this case, the partnership corporation comprises two or more partners. Because of the limited liability, the partners' assets are protected from creditors. An LLC is another name for this type of organisation. A variety of investors frequently employ this kind of corporate structure. This type of corporation is a good option for investors wishing to register a company in Yemen because it offers numerous advantages. It offers the advantages of a corporation along with the structure of a partnership. Establishing a limited liability business does not require a minimum capital amount. This type of entity is capable of performing a variety of commercial tasks and providing services. In Yemen, an LLC is often 100% owned locally. To operate an LLC in Yemen, one local director must be selected. An organisation that lists shares on a public stock exchange is a joint stock company. This type of entity requires a minimum number of shareholders and directors. The public would be this company's shareholders. The company's articles of association may trade shares. Because non-Yemeni investors can own 100% of a Yemeni Limited Liability Company and the authorities are simplifying the LLC registration process, limited liability companies (LLCs) are considered the ideal business structure for foreign individuals and companies. The Limited Liability Company must also have adequate capital to achieve its goals. Therefore, there is no minimum capital needed. The following necessary papers are obligatory for company registration in Yemen: The most significant contributor to GDP is the services sector. Roughly 60% of GDP is generated by the services industry. The industrial, agricultural, and petroleum sectors are other areas that influence GDP development. In Yemen, most people work in the farming industry. The primary goods traded in Yemen are cereals, fruits, vegetables, pulses, qat, coffee, cotton, dairy products, seafood, and livestock (sheep, goats, cattle, camels). Yemen's industrial sector primarily focuses on producing crude oil, petroleum refining, and food processing. In addition, small and medium-sized enterprises and their industries support the economy's growth. The primary industries in this nation are shipping construction complexes used for ship renovation and new ship construction. If you have any questions about the company registration process in Ireland, do not hesitate to reach out. Our experts will help you. Any income from resident legal entities within or outside Yemen is subject to taxation. Yemen's revenue is subject to taxation for non-resident entities. Depending on the size and nature of their operations, resident entities are subject to different tax rates. The business tax rate that is widely used is 20%. Both residents and non-residents must pay salary tax on the money they make from their activities within Yemen. Yemen taxes resident employees' foreign-sourced income received within the country. WHT rates broadly apply to payments made to residents and non-resident entities for services rendered in Yemen, as defined by Income Tax Law No. 17 of 2010. The legislation specifies all the steps in submitting WHT deductions, collections, and payments to the tax authorities, along with the penalties for delays or failing to follow the law's stipulated directions. To register a corporation in Yemen, an applicant must designate a national to manage the business. Appointing a Yemeni resident is mandatory. An LLC's managing director needs to be a citizen of Yemen. Office space should be roughly 1000 square feet if the business or LLC has its location. The annual lease payment must match the income per capita if office space is leased. The LLC's directors and executive members must be eligible to perform their duties. They need to be sufficiently experienced to guide the business towards its objectives. They cannot be declared bankrupt. Employees of an LLC may be Yemen citizens. The marriage must be officially registered with the government if they are married. Ready to take the next step? Book a 1:1 call with us to discuss your financial goals and how our CFO services can help you achieve them. Yemen, renowned for its colourful culture and lengthy history, has had its share of difficulties lately. But amid the chaos, there is a window of opportunity for business owners to investigate lucrative ventures that could advance the nation's economy. Yemen has several promising industries for companies trying to get established and prosper in the marketplace. The following are some of Yemen's most promising business sectors: Businesses, branches, and other establishments must maintain their activity accounts in the Republic. This comprises the balance sheet and the profit and loss account, which must be prepared and audited by a designated chartered accountant. The Ministry of Trade and Industry must receive the audited financials (in Arabic) within four months from the end of the fiscal year. Corporate tax is payable by a company at a rate of 20%. The business would need to register with the General Taxes Department for this. In Yemen, you must also pay VAT and other taxes. The Company must adhere to compliance requirements when registering with the Chamber of Commerce and Trade Registry. The company is required to register with Social Security. The employer must deposit 15% of their monthly pay. 6% is withheld from the employee's pay, and the employer pays 9%. Enterslice provides a wide range of services to assist foreign investors in starting up in the area. Every nation faces unique obstacles when starting, growing, and maintaining a business. Investors need the assistance of an informed and skilled advisory team when they embark on these engagements. A thorough understanding of domestic and foreign corporation law is necessary to establish a firm abroad and avoid common mistakes many start-up enterprises make. Our team of experts is aware of the local market. It has the technological expertise, requirements, and understanding to launch your business at the right time and a reasonable cost. They'll make sure your company business strategy is successfully incorporated and integrated. The advantages of registering a company in Yemen include the following: At every stage of your company's growth, from determining the scope of work to securing Yemen company formation, registration, and post-setting support services, our team at Enterslice can offer valuable assistance and strategic guidance. We provide unparalleled expertise in managing the setup and licensing of regional offices and business incorporation in Yemen and the rest of the globe. We have been their go-to partner for several innovative and imaginative projects that international businesses have been working on. If you require assistance incorporating your business in Yemen, please get in touch with us. We have over ten years of experience in local and international business registration, licencing, business planning, and other legal compliances. We have many success stories from our journey, which we have achieved by choosing wisely for new and existing enterprises over the years. Our excellent support will ensure a seamless and prompt incorporation and assist you in realising your dream of forming a company in Yemen.Overview of Company Registration in Yemen
Enterslice Company Registration Services Will Make Your Business
Efficient
Focused
Compliant
Embrace Your Corporate Journey with Enterslice By
Legal Advisory Services
Business Management
Appropriate Set-up
First-class Support
Procedure for Company Registration in Yemen
1.Authorisation
2. Name Reservation
3. Complete the Registration Process
4. Sign up with the Department of General Taxes
5.Membership
6.Business Licence
7.Employee Social Security
Our additional business development service
Business Advisory
Establishment of business
Services for accounting and compliance
Yemen Accounting Framework
Eligible Business Structures for Company Registration in Yemen
1. Partnerships
2. Limited Partnership
3. Limited Liability Company
4. Joint Stock Company
What structure should I consider for business?
necessary papers Required
Benefits of Company Registration in Yemen
Services Sector
Agricultural Sector
Industrial Sector
Let’s connect with Enterslice’s Company Registration Experts.
Yemen Tax Structure
Corporate tax
Individual Income Tax
Withholding income
Minimum Eligibility Standards for Company Registration in Yemen
National
Office Space
Directors' Qualifications
Workers
Promising sectors for business in Yemen
Accounting Obligations
Compliances for Company Registration in Yemen
Tax
Sign up for a trade register account with the Chamber of Commerce
Social Security Registration
Enterslice Assistance in Yemen Company Registration
Frequently Ask Questions
Design Your Business Future with Enterslice by Incorporating a Company in Yemen
Our Success Story
-- Testimonials
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
Stay updated with all the latest legal updates.
Just enter your email address and subscribe for free!
(+1) 6292766228
Live Chat