Webinar - Changing winds: foreign ownership and corporate compliance in the UAE
About the report
13 July 2021
An increasing number of clients are considering the re-domiciliation of companies to the UAE. The increase in the popularity of the UAE as a destination for re-domiciliation appears to be driven largely by regulatory developments in the UAE and other low, or zero, tax jurisdictions. It appears to us that the most notable of these regulatory developments in the context of re-domiciliation to the UAE has been the introduction of economic substance regulations.
Clyde & Co, in collaboration with Deloitte, has prepared this report in which we consider re-domiciliation in the context of the UAE. In particular, we comment on the general tax and legal implications and address best practices in terms of due diligence to mitigate some of the risks and complexities associated with a re-domiciliation to the UAE.