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Dubai

A dazzling metropolis in the United Arab Emirates, Dubai is renowned for its iconic skyline, luxurious lifestyle and prosperous economy. As one of the fastest-growing cities in the world, Dubai has transformed into a global hub for business, tourism, and innovation. The city’s strategic location at the crossroads of Europe, Asia, and Africa makes it an ideal destination for family offices.

Dubai

Dubai Financial Services Authority (DFSA), within the Dubai International Financial Centre (DIFC)

9% corporate tax on taxable income above AED 375,000, 5% VAT, and no inheritance, estate or wealth taxes

Introduction

A Bustling Oasis for Work and Lifestyle

Dubai is a leading destination for family offices due to its dynamic economy, tax benefits, and luxury lifestyle. The city’s strategic location, diversified economy, and business-friendly environment, including free zones like the Dubai International Finance Centre (DIFC), make it attractive for foreign investments. For family offices, Dubai offers an excellent quality of life, cutting-edge infrastructure, and robust legal and regulatory structures.

Dubai’s political stability and secure environment provide a solid foundation for wealth management. With its blend of luxury, opportunity, and strategic advantages, Dubai stands out as a premier destination for family offices aiming to grow and preserve their wealth in a dynamic and cosmopolitan setting.

Key Numbers

Corporate Income Tax Rate9%

Evaluation

As an emirate in the UAE, Dubai levies a 9% corporate income tax on both local and foreign companies. However, there are exemptions to this rule, such as charities, investment funds, and enterprises within the oil and mining sectors. For family offices in particular zones, like the DIFC, might benefit from a 0% tax rate on certain income types, provided they comply with specific criteria.

Corporate tax rates

Dubai offers a competitive corporate tax environment, with a standard corporate tax rate of 9% on taxable income exceeding AED 375,000 (roughly $100,000). The standard rate of VAT is 5%, with certain transactions being exempted or zero-rated.

Double taxation agreements

The UAE has an extensive network of double taxation treaties to foster economic cooperation, offer tax relief and promote international investments. The tax treaties span over 100 countries and greatly benefit family offices operating in Dubai. These agreements highlight the region’s commitment to creating a secure and attractive investment environment.

Charitable contribution

Establishing a DIFC Foundation in Dubai can help family offices with wealth structuring, family legacy planning, ringfencing assets, and philanthropy. Among its key advantages are:

  • A specific regulatory framework,
  • A low licensing fee of $350 per year,
  • And the convenience of not requiring a physical presence in the DIFC as long as a DIFC-registered Corporate Service Provider is appointed.

Resources Directory

Key Highlights

DIFC wealth structures

Family offices, holding companies, prescribed companies and trusts are available, with privacy exemptions from the public registry.

Low tax burden

Corporate tax is 9% above AED 375,000, VAT is 5%, and no inheritance, estate or wealth taxes apply.

Wealth management hub

The DIFC hosts more than 500 wealth and asset management firms and 8,844 active registered companies.

D33 economic agenda

Dubai aims to double its economy by 2033 through 100 transformative projects and 400 new trading partners.

People to know

Companies in this region

Frequently Asked Questions