Dubai is one of the most sought-after places to start a business throughout the world. The city transformed itself into one of the most successful cities in the world during a short period of time and becomes the business
hub of the Middle east.
Today starting a business in Dubai is becoming quicker and easier than ever, making lots of professionals considering it as a new home. The iconic city’s strategic location is an added value among the reasons investors
seek to start their business there. Aside from that, Dubai’s growing and diverse economy make it possible for foreign investors to focus their attention on other areas rather than just oil, that’s why businesses
like logistics, transportation, real estate, and tourism are some of the flourishing areas that have become more significant
- to benefit from a favorable tax environment
- take advantage of less stringent regulation and scrutiny
- align their place of registration with their shareholder base
- move to an international financial centre
- access specialist capital markets
Nowadays, there are several ways of boosting the productivity of any business. One of the best ways is to relocate the company to another jurisdiction with certain benefits. It is possible to change a country of jurisdiction
and to maintain the company’s legal identity. Therefore, redomiciliation means moving a company domicile from one jurisdiction to another. Today this whole process of redomiciliation is becoming way easier to perform.
The legal context of the UAE does not prohibit companies to change jurisdiction. Actually, the country placed itself as a key international business center with numerous benefits for investors wishing to start their
business in Dubai or even other emirates. The valuable tax regime, access to the English jurisprudence, amazing connectivity, stable currency, high standard logistic facilities, international recognition, and
premium security are among the reasons promoting Dubai a heaven for starting a business.
• Zero corporate tax regime
• Flexible regulations and not so strict control
• High ROI • Stable and forward-thinking economy
• Easy access to different financial centers
• Access to a number of local and international banks
• Ability to acquire real estate in UAE Freehold areas
• 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 nvironment.
• 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 start a business in Dubai.