RE-DOMICILIATION BENEFITS TO THE UNITED ARAB EMIRATES.

Published on June 1, 2022

Have you considered the re-domiciliation of your company to the UAE?  If not, please find below some pertinent and beneficial points to consider.
(Re-domiciliation is where a company can transfer its domicile from one jurisdiction, to another.) Re-domiciliation is a legal process which allows a company to transfer its domicile/seat of incorporation from one jurisdiction to another, while maintaining the same legal entity. The legal continuation enables the company to maintain all of its history and track record.

 

Why should you relocate?
It could be for a variety of reasons which may be for practical, legal or commercial reasons.

– If you re-domicile to the UAE, all rights and obligations are transferred to the new country.

– The company remains the same entity; it is only the location of that company that will change.

– This ensures continued business activity which is commercially attractive.

– The company’s current place of incorporation must have legal conditions in place for international re-domiciliation, permitting international corporations to re-register as a local business, and a local business to re-register as a foreign business.

*Some jurisdictions only permit inward re-domiciliation but will not allow a local business to re-register as a foreign business*
Why consider relocation to the UAE?
Having a world-class infrastructure and a varied range of commercial prospects, the UAE is in a prime position to accommodate such a change – having several advantages over other potential business destinations.
– 0% taxation system
– Allows 100% foreign ownership
– Full repatriation of capital and profit
– Many free zones providing corporate vehicles and structuring possibilities
– Existence of a vast network of tax treaties
Can an offshore company be re-domiciled to a UAE jurisdiction?
Yes: Ras Al Khaimah International Corporate Centre allows such re-domiciliation.
Which jurisdictions in the UAE permit re-domiciliation of foreign companies?

 
Listed below:
– Dubai Airport Free Zone (DAFZA)
– Dubai Multi-commodities Centre (DMCC)
– Ras Al Khaimah Economic Zone (RAKEZ)
– Dubai International Financial Centre (DIFC)
– Jebel Ali Free Zone

 

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