All you need to know about company redomiciliation
in UAE

What is redomiciliation?

Redomiciliation (migration) is the process in which a company moves its domicile (the area where business takes place) from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, whilst maintaining the same legal identity.

UAE has numerous free zones, each with separate laws for operation and domicile, and has become an attractive location for redomiciliation in UAE.

Re-domiciliation helps enterprises take advantage of the more favorable tax laws at its new location and benefit from improved access to specialist financial and capital markets.
UAE is an internationally white-listed jurisdiction that offers businesses a highly professional, growth-oriented environment that’s supported by world-class infrastructure, business-friendly policies, stable banking facilities and AML/CFT countermeasures.

Why should you redomicile your company to the UAE?

Approximately 40 Free Zones operate in the UAE. Each Free Zone is built around one or more commercial categories and licenses are only granted to companies based on these permitted categories. Each Free Zone in Dubai provides different licensed activities, such as trading, financial services, logistics, media-related activities, information technology, communications or light industry.

- Zero corporate tax regime;
- Flexible control and regulations;
- Access to the English jurisprudence;
- Full repatriation of capital and profit;
- Availability of different corporate vehicles;
- Stable economy;
- Geographically well-situated and easy access to different financial centers;
- Greater assets protections through DIFC Will and Foundations;
- Access to a number of local and international banks;
- Ability to acquire real estate in UAE Freehold areas.

The process of redomiciliation can be represented in two main stages: the preparation of documents for the transfer of business out of the current jurisdiction and the actual transfer process with registration to a new address in a new jurisdiction.

What are the jurisdictions in the UAE that allow redomiciliation?

Dubai Multi Commodities Centre (DMCC) :

Redomiciliation to DMCC means relocating your company to one of the best free zones in the UAE and also the world. DMCC has become an attractive free zone in Dubai considering its location and infrastructure. Foreign or local companies can easily enjoy these benefits without the need to worrying about the initial jurisdiction of incorporation. DMCC has executed the process and regulations for migration of companies from other jurisdictions, including locally based free zones, considering that their regulations permit such transfer.

Ras Al Khaimah International Corporate Center (RAKICC):

RAK International Corporate Centre lets other companies and enterprises which incorporated in other offshore jurisdictions to migrate into this jurisdiction. Offshore companies, if authorized by the laws of the jurisdiction in which they are incorporated, can easily apply for continuation as a company in RAKICC and enjoy a tax neutral environment.

Dubai International Financial Centre (DIFC):

The Dubai International Financial Centre is known for being the leading financial center in the region.The distinctive feature of DIFC is the fact that it has its own court, with independent regulations abiding by a Common Law framework. The DIFC companies’
law is quite suitable for the redomiciliation process. Also having access to a well-known and international stock exchange with primary and secondary listings of debt and equity instruments is another unique feature of DIFC.

Jabel Ali Free Zone Authority (JAFZA):

The globally famous Jabel Ali Free Zone is home to one of the largest seaports in the world and is directly connected to the world’s largest airport, DXB International Airport. JAFZA revised its regulations in order to let companies transfer their registration from another jurisdiction and continue their business at JAFZA. Solid infrastructure for warehousing, allowing of 100% capital repatriation, no currency restrictions and 0% corporation tax are among the best features JAFZA providing for those seeking to set up your business in Dubai.

Are you looking to redomiciliate in the UAE?

Redomicile your company to UAE within a week!

Foreign companies can redomicile and enjoy various benefits provided by the UAE corporate tax free regime and its wide network of double tax treaties.

Our team of expert consultants are able to help and advise you of the best way to establish your business in the UAE. We have the answer to your questions regarding redomiciliation in the UAE. We offer the best advisory service to clear direction and guidance to the investors who want to set up their operations in the Emirates, whether onshore or offshore.

A professional firm with regional focus and having global  representation,UAE Free Zones spectrum of services covers all aspects of doing business in the UAE. Contact us to get a free first consultation!

Our team of expert consultants are able to help and advise you regarding the process of redomiciliation in the UAE. We have the answer to your questions!