Setting up a business in Dubai and operating globally

Dubai has been one of the world’s most attractive destinations for business owners and entrepreneurs for many years now. Innovation, tax efficiency, luxurious lifestyle – it’s no wonder that thousands of people continue to relocate to the city and set up their businesses. But what about relocating your business to Dubai while still operating it remotely from your home country? Dubai has the answer. It offers a very advantageous corporate structure, with a favorable tax regime that allows international business owners to operate their businesses in a very efficient manner while benefiting by operating from one of the most sophisticated cities in the world.

Established businesses in the UAE can pay from 0% to 9% corporate tax depending on their business activity. Whether they are set up in one of the designated Free Zones or the Mainland depends on the amount of business they conduct with the local market versus international business. The UAE is also a 0% income tax jurisdiction, making it an attractive destination for businesses seeking to maximize their earnings.

Dubai is also a great place to set up a holding entity that can hold assets around the world exempt from corporate taxes. In addition, setting up a family office in Dubai offers high-net-worth individuals (HNWIs) a tax-efficient environment with access to world-class financial services and a strategic location for global business, making it an ideal choice for preserving wealth and ensuring a legacy for future generations.

The UAE is also known for being quite efficient in opening corporate and personal bank accounts. Dubai’s sophisticated banking system has a strong focus on security and privacy. The city’s banks are among the most robust in the world. The banking infrastructure is world-class, giving you peace of mind that your money is safe in a country known for its stability and high standards.

When setting up a business in the UAE, investors also gain access to becoming permanent residents of the country for themselves and their family members. You only need to spend one day per year in Dubai to keep both your residency visa and company trade license active. However, if you wish to be recognized as a tax resident of the UAE, you will need to spend a minimum of 90 days per year in the country, and you need to check how this affects your residency in your home country.

Having a company registered in Dubai also boosts your international credibility. Dubai is recognized as one of the most thriving and forward-thinking cities in the world, and its reputation on the global stage is well-established.

And let’s not forget that beyond the financial and business benefits, Dubai is an ideal hub for those who value networking, connectivity, and lifestyle. The city’s central location at the intersection of Europe, Africa, and Asia makes it perfect for meetings and business travel, and with Emirates Airlines connecting to hundreds of cities worldwide, getting around the world from Dubai is a breeze. On top of that, Dubai offers an enviable lifestyle with year-round sunshine, world-class amenities, and a vibrant social scene. Whether for work or leisure, it’s a city that offers the complete package, making it an exceptional place to live and do business.

To learn more about how to establish a business in the UAE and set up a holding company, click here.