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Redomiciliation of Companies in the UAE
Redomicile Your Company to the UAE
The United Arab Emirates (UAE) is an attractive and advantageous location for companies looking to redomicile their business to the UAE due to its innovative infrastructure, and business friendly policies.
With the numerous benefits of redomiciling to another jurisdiction comes a lot of challenges like tax and legal implications. This requires professionals and legal advisors like Gatestone Group to assist you in streamlining and simplifying the process for your business.
Why Redomicile Your Company to the UAE?
There are several reasons why you might consider redomiciling your company to the UAE, including:
The UAE offers a strategic location and a stable business environment, making it an attractive hub for regional and international business operations.
Some UAE jurisdictions provide favourable tax conditions.
The UAE provides access to a growing local market and serves as a gateway to the broader Middle East and North Africa (MENA) region.
The UAE has well-established legal and regulatory systems that offer investor protection and stability.
Who Can Redomicile a Company to the UAE?
The requirements to proceed with the company re-domiciliation process in the UAE vary depending on the jurisdiction you want to re-domicile the company to. Some of the common requirements include a good financial situation, compliance with regulatory requirements and having a clear business plan.
What Are the Benefits of Redomiciling to the UAE
Some of the benefits of re-domiciling your company to the UAE include but not limited to:
Low corporate tax
No personal income tax
Favourable tax environments
High Return On Investment (ROI)
Easy access to corporate banking and other financial institutions
Flexible regulations
Stable economy
Multiple tax treaties
Full repatriation of capital
Attractive tax benefits
Strategic location
Ease of doing business
Secure environment for business
Process for Product Registration in the UAE
Include all the jurisdictions that allow redomiciliation.
As per the UAE Federal Decree Law no. 32 of 2021 on Commercial Companies, the concerned regulating authority in the UAE will expediate the process of transferring the re-domiciled company’s records to the UAE official records, after which the company will receive a certificate confirming its business continuity in the UAE. The re-domiciliation process requires the following documents:
✔ Notarised and attested documents of the company.
✔ The certificate of approval from the current external authority, situated outside the UAE.
✔ Financial statements and economic viability reports.
✔ The company’s Articles of Association.
Gatestone Group registers your company with Dubai Municipality, after which we complete the request for product registration.
✔ Abu Dhabi Global Market (ADGM)
✔ Dubai Airport Free Zone Authority (DAFZA)
✔ Dubai Multi Commodities Centre (DMCC)
✔ Ras Al Khaimah International Corporate Center (RAKICC)
✔ Dubai Development Authority (DDA)
✔ Jebel Ali Free Zone Authority (JAFZA)
✔ Ras Al Khaimah Free Trade Zone (RAKEZ)
✔ Dubai International Financial Centre (DIFC)
✔ Dubai Silicon Oasis (DSO) Authority
How Can I Redomicile My Company to the UAE?
The process of redomiciling your international company to the UAE involves legal and administrative steps. Gatestone Group will assist with the following steps, but not limited to:
1. Selecting a jurisdiction
Gatestone Group will choose a suitable UAE jurisdiction for your business based on your needs and the nature of your operations.
2. Provide legal advice
Gatestone Group will provide legal counsel to navigate the specific requirements and regulations related to redomiciliation.
3. Prepare documentation
Gatestone Group will prepare the necessary documents, including company records, financial statements, and an application for redomiciliation.
4. Application and approval
Gatestone Group will submit your application to the relevant UAE authorities and obtain approval for the redomiciliation.
5. Compliance
Gatestone Group will ensure that your company complies with all UAE laws and regulations upon redomiciliation.
Get in Touch for Redomiciling Your Company in the UAE
Thinking of redomiciling your company for strategic advantages and unparalleled business opportunities? Look no further.
Gatestone Group specialises in providing re-domiciliation services while facilitating the smooth transition of the business operation to the UAE. Take advantage of our expertise of the UAE laws and re-domiciliation procedures and a dedicated team available to cater to your needs.