Creating a company in Dubai
- Incorporation time: 8 days
- Shelf companies: Yes
- Accounting: Yes
- Secretary: Yes
- Nominee Shareholder: Yes
- Nominee director: Yes
Presentation of Dubaï
Dubai is one of the Emirates which make up the United Arab Emirates. It has 2 260 000 inhabitants and is the second largest territory in the UAE. Mainly an urbanized area around the capital which bears the same name as the Emirate, Dubai is the best-known part of the UAE internationally. This is due to the immense reputation of its capital city, which bears witness to the country’s economic ambitions.
The economy of Dubai
To offset, and especially to combat the depletion of its natural resources in oil and gas, Dubai is restructuring its economy. The Emirates wish to move towards activities with high added value in trade, new technologies and luxury tourism. Since oil export represents no more than 5% of the region’s GDP, Dubai hopes to become the world’s leading luxury tourism destination.
To do this, the Emirates is already improving its infrastructure (airports, marina, hotels, underground railway, shopping malls, amusement parks, etc.) and its existing reputation in the sector with, for example, the Burj-Al-Arab Hotel, classified as the most luxurious hotel in the world, the gigantic Palm Islands area created from scratch in the sea in the shape of a palm tree and the Burj Khalifa, the highest building in the world (828 meters).
The tax system of the Emirate of Dubai
Like the entire UAE, Dubai has a tax system that is among the most advantageous on the planet, especially with its free trade zones: the Dubaï International Financial Centre, the Jebel Alli Free Zone and the Dubaï Media City. It has the notable advantage of carrying out its business in English. In Dubai, companies pay no tax (except oil and gas companies and subsidiaries of foreign banks): no tax on corporations, capital gains or income, no VAT, no social contributions on wages, etc.