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Re-domiciliation in the UAE

re-domiciliation

Re-domiciliation, the process of transferring a company’s domicile or seat of incorporation from one jurisdiction to another, has gained significant traction in recent years. Driven by regulatory changes and the quest for tax optimization strategies, businesses are increasingly considering the UAE as an attractive destination for re-domiciliation. 

As a UK or EU resident you are uniquely positioned to benefit from the strategic advantages of re-domiciliation to the UAE. 

This move can significantly enhance your tax optimization strategies, secure your wealth, and provide unparalleled business opportunities. Here’s why re-domiciliation to the UAE is a game-changing decision

  1. Low Corporate Tax and Zero Personal Income Tax The UAE offers one of the most attractive tax regimes in the world, with a low corporate tax on most types of income and no personal income tax. For UK RND HNWIs, re-domiciliation to the UAE may lead to substantial tax savings, allowing you to preserve and grow your wealth more efficiently.

b. Favorable VAT Rates While the UAE has a value-added tax (VAT) system, the rates are relatively low compared to the UK. This reduces the overall tax burden on your business operations and personal expenditures.

  1. Retain Legal Identity Re-domiciliation allows your business to retain its legal identity, history, and track record. This continuity ensures that existing contracts and agreements remain intact, reducing disruption to your business operations.

b. Robust Legal Framework The UAE’s legal system is highly developed, providing strong protection for your assets. The Free Zones in the UAE, such as Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM), offer common law frameworks that are familiar to UK residents, ensuring a smooth transition and reliable legal protection.

  1. Gateway to Global Markets The UAE’s strategic location at the crossroads of Europe, Asia, and Africa provides unparalleled access to global markets. This geographical advantage is complemented by world-class infrastructure, making it an ideal base for expanding your business operations internationally.
  2. Free Zone Benefits The UAE’s Free Zones offer numerous benefits, including 100% foreign ownership, repatriation of profits, and exemption from import and export duties. These incentives make it easier to establish and grow your business in a cost-effective manner.
  1. Luxurious Living Standards The UAE is renowned for its high standard of living, with luxurious residential options, world-class healthcare, and top-tier education facilities. You and your family can enjoy a superior quality of life in a safe and secure environment.
  2. Cosmopolitan Environment The UAE’s cosmopolitan society is home to a diverse expatriate community. This multicultural environment offers a rich cultural experience and extensive networking opportunities with other global entrepreneurs and investors.
  1. Expertise and Guidance Re-domiciliation involves navigating various legal, tax, and operational complexities. At Affinitas DMCC, we specialize in seamless re-domiciliation to the UAE. Our team of experts provides personalized guidance and support throughout the entire process.

b. Tailored Solutions We understand that every client’s situation is unique. Our bespoke re-domiciliation solutions are designed to meet your specific needs, ensuring a smooth transition and optimal outcomes for your business and personal finances.

Steps to Re-domicile to the UAE

  1. Initial Consultation
    • Assess your current domicile status and discuss your objectives.
    • Outline the potential benefits and implications of re-domiciliation.
  2. Due Diligence
    • Conduct thorough legal and tax due diligence.
    • Evaluate the best Free Zone options for your business and personal needs.
  3. Documentation and Application
    • Prepare and submit the necessary documentation to the chosen Free Zone authority.
    • Ensure compliance with all regulatory requirements.
  4. Approval and Transition
    • Obtain the Certificate of Continuance from the UAE Free Zone.
    • Coordinate the transition of your business operations and personal affairs.
  5. Ongoing Support
    • Provide ongoing legal, tax, and operational support to ensure compliance and optimal performance.
Re-domiciliation

Why Choose Affinitas DMCC?

At Affinitas DMCC, we are dedicated to helping UK, EU residents achieve their strategic objectives through re-domiciliation to the UAE. Our deep understanding of the UAE’s legal and business landscape, combined with our personalized approach, ensures a seamless and successful transition.

Contact us today to explore how re-domiciliation to the UAE can transform your tax strategy, protect your wealth, and unlock new business opportunities.

Affinitas DMCC