United Arab Emirates company formation

United Arab Emirates company formation

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United Arab Emirates, a tax planning paradise

The first thing that comes to mind when you think of the United Arab Emirates is wealth and prosperity. It is a very exclusive destination for luxury-seeking tourists and a global business hub. It is the most developed country in the region, with one of the highest GDP per capita. The country is politically and economically stable.

 The United Arab Emirates is not a member of the OECD, but is fully compliant with international standards, offering not only tax-exempt non-resident companies, but also tax-exempt resident companies that can be combined with establishment. It is therefore very attractive for those considering setting up an international structure for tax optimisation or business establishment. Hungary and the UAE signed a Double Taxation Avoidance Treaty on 1 January 2015, making it one of the best tax optimisation jurisdictions.

United Arab Emirates company formation

In the United Arab Emirates, free trade zones have been established, first in Dubai and later in other emirates, where foreigners can set up a company without any tax or tax declaration obligations. Our office registers companies in a number of locations in the UAE, so we can find the solution that really meets your needs.

 In the United Arab Emirates (UAE) there are 3 types of business opportunities:

  • International Business Company(offshore): similar to classic offshore locations such as Seychelles, British Virgin Islands or even Belize. It has no reporting requirements, but can only do business outside the country's borders.
  • Free zone company: these companies have an office in the Emirates and can operate locally. In these zones, foreigners can set up a company without any tax liability or obligation to file tax returns. These companies can be set up by a company incorporated in one of these zones. a permanent residence permit.
  • Local company: these are local companies that require a local owner in at least 51%. This is necessary if you want to do business outside the free trade zone. We can also help you with this.

 Incorporating in the UAE is currently the best alternative to traditional offshore jurisdictions. You do not need to travel to incorporate a company, it can be set up in our Budapest office and registration takes just a few hours. If you wish to open a bank account in Dubai, you will need to be present in person, we provide full Hungarian language assistance, VIP transfers to and from the airport and to the office. We have excellent relationships with 3 bank branches, so we can help you open your bank account almost immediately.

Orderoffshore.com is one of the leading specialist offshore consultancies in Europe, we have an outstanding infrastructure in company formation in the United Arab Emirates.

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