Company in the UAE

[DavidMorris1967]

We’re looking at setting up a company in Dubai. Partly due to the fact we’re solely online and most business is outside the UK these days.

I’m in the early stages of learning about setting up a company in the UAE (any potential zone). We’d likely have a UK born director who may or may not have residency over there (depending on the necessity), and two shareholders who remain in the UK.

Am I right in thinking there’d be zero corporation tax in the UAE and 5% VAT. Am I also thinking the dividend tax would be 15% for the UK shareholders and if the director is also in the UK (as opposed to 6 months in Dubai?).

Appreciate the time to look and reply.

 

[Deleted member 59730]

Last time I heard you needed to have a local Emirati sponsor. Costs varied.

 

[Chris Ashdown]

Contact the UAE embassy in London, they will give you details etc

 

[KAC]

The rules are changing almost daily in the UAE at the moment as they try to become more westernised. Under certain conditions, you no longer need an Emirati partner or sponsor. You nneed to speak to an accountancy firm with representation there to clarify what the changes mean. I suspect they require a substantial benefit to UAE to approve a 100% foreign owned company, https://u.ae/en/information-and-services/business/full-foreign-ownership-of-commercial-companies

They also now allow unmarried couples to cohabit and have children.

They have also adopted a Monday to Friday working week for most entities wheras they used to work Sunday to Thursday.

This was changed without notice at Christmas after the schools had broken up and they returned to the new working week.

The advantage of an absolute monarchy where there are no elections. Still a lovely place to live

 

[DavidMorris1967]

Appreciate the replies.