Dubai is one of the seven emirates of the United Arab Emirates (UAE) and has 22 free zones. Foreigners can own 100% of the shares of a company in these free zones (no local Emirati partner is required) and can enjoy amazing tax benefits.
The UAE offers an incredible business climate: no corporate taxation, no personal income taxation, no Value Added Tax, no social security charges, free trade with low import duties across the board, free immigration for anyone willing to work, a stable currency, no currency controls and limited government intervention in the economy. The government mainly focuses on attracting investors and investing in infrastructure.
A free zone company in Dubai is the obvious choice for anyone who is considering to set up a (part of) company in liberal and tax-friendly Dubai.

The main advantages of setting up your company in one of the free zones in Dubai are:

• 100% foreign ownership is allowed;
• Renting of offices and flexi desks;
• Obtaining residence visas is easy;
• 0% tax for companies;
• 0% tax for individuals resident in the UAE;
• Easy to hire (foreign) staff;
• Guarantee for 15-50 years against the future imposition of corporation tax;
• Import duty free (duty is 5% on most goods), if the goods are not supplied to the local market.

Dubai Multi Commodities Centre (DMCC) is now the largest and the fastest growing free zone in the UAE. The DMCC was also the first UAE free zone authority to offer freehold business premises (i.e. anyone can own the property).
More information about setting up a company in the DMCC can be found here:

If you would like to know more about capital requirements, annual license fees, number of residence visas available, minimum office space required and types of business licenses available, do not hesitate to contact us.

Tip: By setting up a free zone company, you are entitled to a residence visa which means you can become a tax resident of the UAE. In other words, setting up a company in the UAE can help you to live a tax-free life as an individual.