Redomiciliation is the process by which a business relocates its legal domicile from its original country of incorporation to another jurisdiction. The United Arab Emirates (UAE) has emerged as a highly attractive destination for redomiciliation due to its exceptional appeal as a place to live, work, and conduct business. In 2019, the UAE introduced redomiciliation laws as part of its broader strategy to encourage increased foreign investment and stimulate economic growth.
Companies choose to redomicile to the UAE for various reasons, ultimately wishing to harness the benefits of the UAE’s business-friendly environment, characterized by favorable tax regulations, ease of doing business, and its strategic proximity to emerging markets. A notable advantage of this process is that all of a company’s rights and obligations move with it during the transition. Many UAE free zones facilitate redomiciliation, including:
- Abu Dhabi Global Market (ADGM)
- Dubai International Financial Centre (DIFC)
- Jebel Ali Free Zone (JAFZ)
- Dubai Multi Commodities Centre (DMCC)
- Ras Al Khaimah Economic Zone (RAKEZ)
- RAK International Corporate Centre (RAKICC)
Selecting the most suitable free zone for redomiciliation involves careful consideration of the options available to the company, taking into account its specific circumstances and objectives.
Our team boasts extensive expertise in handling redomiciliations both into, out of, and within the UAE. We offer a comprehensive range of services to guide our clients through every step of the redomiciliation process. Our services include:
- Assessment and Free Zone Selection: We provide guidance on the specific requirements of the relevant free zone and recommend the most suitable UAE free zone based on our client’s unique needs.
- Strategic Planning: We create a step-by-step plan for the redomiciliation process, outlining all associated fees and costs within the chosen UAE free zone.
- Legal Opinions: We prepare and issue any necessary legal opinions required by the original jurisdiction of the company undergoing redomiciliation.
- Document Preparation: We assist in the preparation, review, and finalization of redomiciliation applications, including all required supporting documentation stipulated by the chosen UAE free zone.
- Coordination and Filings: Our team manages the coordination and necessary filings with the relevant authorities to ensure compliance with all regulatory requirements.
- Successful Completion: We provide support throughout the entire redomiciliation process, working diligently to ensure a successful and seamless process for our clients.
Our goal is to make the redomiciliation process as efficient and hassle-free as possible, enabling our clients to benefit from the advantages of operating within the UAE.
