1- The United Arab Emirates offshore company
200+ Nationalities, 20% Emiratis, skilled labor force of with 31% of all employees in the extractive sector; 13% in public administration and defense; 9% in wholesale, retail trade, and repair; 8% in construction and building; 7% in transformative industries. UAE employers are employing new methods of developing the skills of their future workforce.
- Area: 83,600km2
- Location: Asia, strategic access to global trade routes with 2.2 billion consumers. Convenient time zone for dealing with both western and eastern time zones. 6-8-hour flights to both Europe as well as the Far East.
- Climate: Desert, Gulf, less prone to natural disasters
- Economy: The UAE is referred to as a real economy, it is the 2nd largest economy after Saudi Arabia in the Middle Eastern region.
The UAE hosts world-class luxury accommodations, tourist attractions, banking, commerce, and real estate. It is renowned for its competitive business policies leading to the “Ease of Doing Business” ranking (11th globally). The UAE has scored 70/100 in the Corruption Perceptions Index. Economy Freedom has ranked the UAE 37th in the world in 2019. The UAE has been whitelisted by the European Union after meeting all of its economic substance requirements.
- FDI: USD 10 billion, 6th in the world (2019), nearly 40% of worldwide FDI is driven into the UAE due to its tax efficiency.
- Financial Reserve: USD 1.01 billion (2019), Sovereign Wealth Fund – Abu Dhabi Investment Authority: USD 792 billion
- GDP: $348 billion, 31st highest in the world, growth 2.4% 2019, GDP per capita USD 43,792
- Credit rating: Standard & Poor’s: AA, Moody’s: Aa2, Fitch: AA
- Legal framework: Common Law, investment laws, regulations, and incentives are used to continue improving and encouraging FDI.
- Free Zones & Offshores: Over 45 specialized free zones, offshore structures, and IBCs which all offer 100% foreign ownership and 100% repatriation of profits.
The Advantages of UAE Offshores and IBCs
- 0% Taxation
- Very low import duties
- High returns on investment (ROI) – the UAE ranks 11th as the most promising investor economy (UNCTAD World Investment Report 2014)
- Double Taxation Agreements
- Trade relations with the ACFTA (Africa), Egypt, Vietnam, Brazil, and China.
- Flexible regulations
- Mature & accessible banking system (50+ national & international banks)
- A stable currency (AED)
- Strong, competitive, & driven economy – high government expenditure on infrastructure ahead of the Expo 2020 across all of the emirates
- Ability to acquire real estate properties in UAE freehold areas
- World-class infrastructure
- Strategic location
- 11th best in terms of doing business, 2nd best in the World Government Trust index, 2nd best globally, & 1st regionally in terms of Double Taxation Agreement Treaties
UAE Standard Corporate Taxation Rates
While the UAE maintains international economic substance requirements and is whitelisted from being a tax haven, its offshore are tax-free in the following areas:
- Corporate income
- Capital gains
- Interest income
Why Redomicile into the UAE?
Re-domiciliation is a process where a company transfers its registration from one jurisdiction/country to another jurisdiction while maintaining the same legal identity & intellectual property. Companies re-domicile or opt for a Transfer of Domicile for a variety of reasons, with the key factor being tax neutrality or Double Taxation Agreements. This is done to align the jurisdiction of registration with the shareholder base or to access specialist capital markets.
We can assist in redomiciling your