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.
|Average start-up times||8 days|
|Availability of pre-established (ready-made) companies||Yes|
|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.
|Risk indicators||Average political risk: 26%