Local features

• Corporate tax: 0%
• Personal income tax: 0%
• Dividend tax: 0%
• VAT: 0%

The United Arab Emirates is a state comprised of seven emirates in the southeast part of the Arabian Peninsula. It is frequently referred to as the “new Switzerland” because of its tax free or very low tax company establishment opportunities. The United Arab Emirates has a double taxation avoiding treaty with over fifty countries, including Hungary since 4 October 2014.The Offshore and Free Zone companies situated in the Emirates provide numerous advantages in comparison with the classic offshore countries, as a result of the option of opening and continuously maintaining bank accounts in compliance with the highest international security standards, as well as the double taxation avoiding treaties.

Offshore companies mostly only have company seats, and cannot perform activities locally in the Emirates. There is no corporate tax, thus there is no requirement to submit annual reports or tax returns to the local authorities. It is sufficient if the company has a CEO and one shareholder. The data of the CEO and the shareholder are registered by the local company court. Company registration characteristically takes 2-3 weeks. Subsequently to this the company can officially commence its international business activity.

“Free Trade Zone companies” need to have an office, a trading license and they can apply for an internationally accepted tax residence certificate. In the case of these types of companies, a limited number of residence permits are also granted to CEOs and/or shareholders. The companies established in the Free Trade Zone have practically all the advantages provided by classic offshore companies. The shareholders are required to pay the initial capital in several zones. It is sufficient if the company has a CEO and one shareholder. The data of the CEO and the shareholder are registered by the local company court.

International bank account

Our office has connections to every local bank in the Emirates. We assist the Client in selecting the bank that is the best for the Client’s needs and business vison. The banks in the Emirates ensure outstanding protection regarding bank secrecy and the actual ownership background of companies. To activate the bank account the shareholder or a representative is required to travel to the Emirates. Our office also provides a transit service from the airport, and our interpreter accompanies the Client to the bank. If you are interested in company establishment in Dubai, request our free informative email regarding more detailed business tax environment

Prices

/We offer exact prices in a personally tailored way/
Freezone Basic /1 shareholder/ 6,900 EUR
IBC 4,900 EUR /With bank account/
Visa 3,400 EUR
Contact us at our accessibilities!