Office

Dubai

The UAE is one of the fastest-growing jurisdictions for Russian business and capital. Our DIFC office supports the opening of companies and accounts and the structuring of ownership.

Office

Contacts

City: Dubai, UAE Address: DIFC, Gate Village 10, Dubai Telephone: +971 4 401 9522
Office

What this office does

Role of the office. Dubai is the entry point for clients moving their business or capital to the UAE. Here we support the registration of structures in the DIFC, account opening and property transactions.

How the work is organised. The office is a point of local presence, not a separate practice. Every matter is led by a partner from the head team, who is personally responsible for the result and coordinates the work across all the jurisdictions involved.

A similar case: company registration in Dubai.

Office

How exactly we help here

Registration in the DIFC Residence visas Accounts for non-residents Property transactions
Geography

Our other offices

Jurisdiction

DIFC, ADGM and onshore companies: what is the difference

Two financial centres with English law. The DIFC in Dubai and the ADGM in Abu Dhabi are self-contained jurisdictions within the UAE, with their own courts based on English common law, independent of the country’s federal civil system. This offers more predictability for holding structures, family foundations and financial licences than registration onshore or in an industry free zone.

Onshore and industry zones serve a different purpose. The UAE’s more than 45 free economic zones (JAFZA, DMCC and others) and onshore companies suit a business that needs direct access to the local market or a specific industry licence rather than financial or holding status. The choice of structure is determined by the type of activity, not by tax considerations alone.

Substance requirements. Since 2019, economic substance regulations (ESR) have applied to certain activities (holding companies, ownership of intellectual property, financial leasing). Formal registration without a real office and staff does not preserve entitlement to the preferential tax rate.

Process

How a company is registered in the DIFC

The timeframes below are indicative. They depend on the type of activity and on the bank that ultimately opens the account, and we agree the exact schedule at the consultation.

I

Choosing the structure and the activity

We determine the legal form and check whether the activity requires a licence from the financial regulator, the DFSA. Timeframe: 3-5 days.

II

Reserving the name and filing the application

We file the application with the DIFC registrar together with a set of KYC documents for each beneficial owner and director of the company. Timeframe: 5-10 days.

III

Leasing an office and obtaining the licence

The DIFC requires a registered physical address or a flexi-desk before the licence is issued. Once the lease is registered, the certificate of incorporation and the licence itself are issued. Timeframe: 5-7 days.

IV

Opening a bank account

The least predictable stage: the bank carries out its own compliance check regardless of the fact that the company is registered in the DIFC. Timeframe: 4-8 weeks.

Practice

Figures for this jurisdiction

These are general parameters of the jurisdiction, not indicators of a specific transaction. We confirm how they apply to the client’s structure at the consultation.

9% corporate tax above the threshold The rate applies to profit above AED 375,000 a year. Qualifying income of free zone residents may be taxed at 0% where the conditions are met.
0% personal income tax The UAE has no personal income tax. This is an argument when planning a business owner’s move, but not an automatic basis for changing tax residence.
183 days threshold for tax residence The main physical presence test for obtaining a UAE tax residency certificate. The law also provides alternative grounds for a shorter period.
45+ free economic zones in the country Each zone has its own regulator and rules, from the DIFC and ADGM for financial services to industry zones such as DMCC or JAFZA.
4-8 wks to open an account with a local bank The compliance check runs separately from company registration and usually takes longer than registering the legal entity itself.
5% VAT rate Applies to most goods and services onshore. A number of transactions in the financial free zones are exempt from VAT.
Compliance

What to bear in mind when opening an account and changing residence

The licence and the account are two independent decisions. Registration in the DIFC does not guarantee that an account will be opened automatically. The bank assesses the beneficial owner, the country of origin of the funds and the nature of the business separately from the company registrar, so the licence and the account are decided at different times and on different criteria.

Prepare the source of funds in advance. Since compliance procedures were tightened, local banks systematically ask for documentary proof of the origin of capital from business owners and from structures with a Russian beneficial owner. A set of documents gathered in advance reduces repeat requests and lowers the risk of refusal.

Settlements in roubles and sanctioned cards. Direct transfers in Russian roubles and the use of cards from payment systems subject to restrictions are difficult for most local banks. The settlement route is built into the structure at the planning stage, not after the account is opened.

A company and property are not the same as residence. Owning a company or a flat in Dubai does not in itself make a person a UAE tax resident. To change residence, the presence test must be met separately and a Tax Residency Certificate obtained.

FAQ

Frequently asked questions

What is the DIFC and why register a company there?+

The DIFC is a financial centre with its own independent legal system based on English law, which gives international business more predictability than onshore UAE structures.

Do I need to be physically present in Dubai to register a company?+

No. The whole process can be carried out remotely. Personal attendance is usually required only at certain stages of the banking procedures.

Do you help with obtaining a UAE residence visa?+

Yes, as part of our support with structuring the business. A residence visa is often processed together with the registration of the company.