Change Of Domicile
Change Of Domicile In The UAE: Reserve Your Own Land Of Opportunities
Best Service For Change of Domicile in The UAE
Free Zones Where Re-Domiciliation In The UAE Is Applicable
Not all the free zones allow change of domiciles. Some of the major free zones that allow re-domiciliation in the UAE include the following:
- Abu Dhabi Global Market
- Dubai Airport Free Zone
- Dubai Development Authority Free Zone
- Dubai International Financial Centre
- Jebel Ali Free Zone
- Ras Al Khaimah Free Trade Zone
- Dubai Multi Commodities Center
Advantages Of Change Of Domicile In The UAE
Companies opt for change of domicile due to numerous reasons that bring benefits, some of the benefits of re-domiciliation are:
- The existing legal entity of a company can be maintained
- Preservation of bank history
- Access to common law courts
- International registry
- Moving places without any change in law
What Is The Process Of Change Of Domicile In The UAE?
The process of re-domiciliation in the UAE involves numerous steps and procedures to ensure a smooth transition from one jurisdiction to another. Here is an overview of the typical process of changing domicile in the UAE:
- Check eligibility
- Choose the right jurisdiction
- Obtain the approvals required
- Establish a company in the UAE
- Transfer the assets and liabilities
- Dissolve the old company
- Post-domicile change compliance
Eligibility Criteria For Change Of Domicile In The UAE
The conditions for changing domicile in the UAE may differ based on the relevant jurisdiction and legislation guiding the procedure. However, the following are some common considerations that are often taken into account when determining eligibility for a change of domicile:
- Company should be a limited liability company
- Operated in a jurisdiction that allows re-domiciliation
- Legal status of past one year
- Minimum capital availability of 2 million AED
- Availability of approvals
- Compliance with the UAE Law
- Physical presence in the UAE
Best Service For Change of Domicile in The UAE
Free Zones Where Re-Domiciliation In The UAE Is Applicable
Not all the free zones allow change of domiciles. Some of the major free zones that allow re-domiciliation in the UAE include the following:
- Abu Dhabi Global Market
- Dubai Airport Free Zone
- Dubai Development Authority Free Zone
- Dubai International Financial Centre
- Jebel Ali Free Zone
- Ras Al Khaimah Free Trade Zone
- Dubai Multi Commodities Center
Advantages Of Change Of Domicile In The UAE
Companies opt for change of domicile due to numerous reasons that bring benefits, some of the benefits of re-domiciliation are:
- The existing legal entity of a company can be maintained
- Preservation of bank history
- Access to common law courts
- International registry
- Moving places without any change in law
What Is The Process Of Change Of Domicile In The UAE?
The process of re-domiciliation in the UAE involves numerous steps and procedures to ensure a smooth transition from one jurisdiction to another. Here is an overview of the typical process of changing domicile in the UAE:
- Check eligibility
- Choose the right jurisdiction
- Obtain the approvals required
- Establish a company in the UAE
- Transfer the assets and liabilities
- Dissolve the old company
- Post-domicile change compliance
Eligibility Criteria For Change Of Domicile In The UAE
The conditions for changing domicile in the UAE may differ based on the relevant jurisdiction and legislation guiding the procedure. However, the following are some common considerations that are often taken into account when determining eligibility for a change of domicile:
- Company should be a limited liability company
- Operated in a jurisdiction that allows re-domiciliation
- Legal status of past one year
- Minimum capital availability of 2 million AED
- Availability of approvals
- Compliance with the UAE Law
- Physical presence in the UAE
Key Highlights
Scale up your success
100% foreign
ownership
Allowing foreigners to establish companies with 100 percent full ownership.
tax
Exemptions
This economic zone has a tax rate of either 0% or 9% based on the nature of the income.
0% import
tariffs
Offshore companies in the free zone of UAE can avoid paying import duties.
Freedom of
repatriation
UAE company setup offers the freedom to repatriate profits and capitals.
One-stop
shop
Invest in a UAE offshore company today and provide everything under one roof.
Cost
effective
Setting up a company in the UAE will allow you to operate your business as economically as possible.
Strategic
location
UAE is a strategic business location and has a pro-business regulatory environment.
R&D
hub
UAE promotes research and development and supports enterprise activities.
Touch New Heights
Of Efficiency
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FAQs
In the UAE, re-domiciliation refers to the legal procedure through which a firm or legal body shifts its domicile from one jurisdiction to another. It enables a corporation to change its registration address and regulatory framework while retaining its legal identity and operations.
Re-domiciling needs help from the following individuals:
- Lawyers
- Accountants
- Government authorities
- Business consultants
The re-domiciliation in the UAE has numerous benefits, some of them are:
- Zero corporate tax
- Flexible control and regulations
- Easy access to the English jurisprudence
- Full repatriation
- Availability of various corporate vehicles
- Stable economy
The UAE is the international hub of business and the most important business free zone for offshore companies.
Yes, re-domiciliation is a completely safe option as it keeps your business and its activities private and confidential.
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