About Dubai

Dubai at night

The United Arab Emirates (UAE) is a federation of seven emirates Abu Dhabi, Ajman, Dubai, Fujairah, Ras al Khaimah, Sharjah and Um al Quwain. Arabic and English are the dominant languages. The UAE has an established history of international trade finance and business. The Emirates is strategically located between Africa and the Middle East and between the Far East and Europe making it a gateway to over 1.5 billion consumers located in countries surrounding the Red Sea and the Gulf. Six out of seven Emirates (with the exception of Abu Dhabi) offers the possibility to conduct business out of a free zone and Dubai and Ras al Khaimah (RAK) offers an International Business Company regime.

RAK and Dubai are attractive locations for businesses from countries in the Gulf and the Middle East due to its geographical proximity and cultural similarities. Both Emirates also offers a viable option for businesses from Russia and CIS counties looking for confidentiality and financial privacy coupled with issues such as political uncertainty, taxes, severe foreign exchange controls and asset protection.

The Emirates of Ras Al Khaimah has launched the IBC concept in January 2007 offering international investors a high degree of confidentiality rivaling any traditional offshore financial centre. RAK IBCs are regulated by the International Business Company Regulations 2006. The IBC Registry allows foreign investors to register offshore companies as RAK offshore without the need to establish a physical presence in the UAE. The Government of RAK has also established the Ras Al Khaimah Free Zone regime which grants 100% foreign ownership of businesses in addition to customs privileges and other benefits. Therefore the Free Zones are some of the most favourable locations in the region for international operations. Through the UAE, Ras al Khaimah has a number of double tax treaties with high tax countries and can be used by major corporations for tax planning purposes.

The uniqueness of the UAE is that it is not an EU member and does not receive any pressure put on the traditional low tax jurisdiction. UAE is not listed on the OECD blacklist of tax heaven and no foreign exchange of information (TIEA) has been signed as UAE is not a member of the OECD.

The uniqueness of the UAE is that it is not an EU member and does not receive any pressure put on the traditional low tax jurisdiction