Dubai is the capital city of one of the seven emirates that make up the United Arab Emirates. To overcome depletion of its natural gas and oil resources, Dubai is embarking on a restructuring of its economy. In this way, the Emirates hope to invest in high value-added activities in trade, new technologies and luxury tourism.

Like the rest of the country, Dubai enjoys one of the most favourable tax systems in the world, with its free zones: Dubai International Financial Centre, Jebel Ali and Dubai Media City. English is spoken in these zones and companies do not pay any taxes (except oil and gas companies as well as branches of foreign banks): there is no corporation, capital gains or income tax, VAT does not exist, and there are no social security contributions on wages.

DUBAI

Dubai Flag
Average start-up times 8 days
Availability of pre-established (ready-made) companies Yes
Accounting Yes
Secretary Yes
Nominee Shareholder Yes
Nominee Director Yes
Average taxation 0%
Published information about the company's directors There are no public registers of corporate positions
Accounting obligations No obligation
Legislation and controls

The Dubai Investment Authority is the reference authority of the Emirate.

Confidentiality Total
Documents required
  • copy of passport
  • certified or original proof of domicile dating back to the last month and translated into English or Arabic
  • original copy of bank reference letter
Time Zone UTC+4
Currency UAE dirham
Risk indicators Average political risk: 26%
  • Expropriation and breaches of contract: 29%
  • Risk of war and civil unrest: 34%
  • Transfer of capital and convertibility: 15%
Average credit risk: 37%
  • Failure to pay by sovereign counterpart: 22%
  • Failure to pay by bank counterpart: 45%
  • Failure to pay by corporate counterpart: 45%
GDP growth 2,7%