While the economy in European jurisdictions is being weakened by the COVID-19 crisis and the Russian invasion, Dubai offers the perfect alternative to establish and expand business. With its future-oriented thinking, the city offers attractive conditions for all sectors.
Dubai has an extremely favourable tax policy. There is no income or corporation tax, only VAT at a rate of 5%. In addition, Dubai offers a high level of political and economic stability and is an important financial center in the Middle East thanks to the DIFC (Dubai International Financial Center).
Due to its geographically advantageous location and its excellent infrastructure, Dubai is one of the largest and most important trading hubs, opening up extensive sales markets such as Abu Dhabi or India. In 2018, its non-oil trading volume was $300 billion. There are also more than 30 free trade zones in Dubai.[1]
PHH Rechtsanwält:innen and PHH Advisory will be happy to support you and your company in connection with:
- Corporate Relocation into the UAE
- Transaction management
- Assistance in restructuring business relationships to reflect changed economic circumstances
- Sanctions-related litigation (including before international and local courts)
- Support with legal transactions; financing of companies via private capital tools within the region (including Abu Dhabi, Southeast Asia, Israel, etc.)
- Assistance in restructuring business relationships to reflect changed economic circumstances
- Proactive protection of companies against the possible imposition of international sanctions
The Dubai World Trade Center offers an infrastructure that is ready for immediate use (“plug ‘n play”), enabling easy access for entrepreneurs and families. That is why we are also happy to advise private individuals on:
- Relocation and transaction management
- Trusted advisory
- Wealth and asset management. including structuring of private and business assets
- Access to banks and financial intermediaries
- Setting up of local Family Offices
- Asset protection (incl. trusts, foundations, etc)
- Advice on structuring real estate and other investments
Our Dubai desk with its legal and financial experts offers extensive expertise regarding the economic and legal conditions in the Emirates, as well as a strong network and numerous partners who will support you locally. We will help you to benefit from the numerous advantages of Dubai as a business location.
[1] https://www.visitdubai.com/de/business-in-dubai/why-dubai/thriving-business-community.
