In light of the global aim to increase tax transparency and BEPS developments, more and more companies are using reputable and favorable jurisdictions to assist them with group restructuring.

Current landscape businesses switch their preference from tax havens to more politically stable countries that provide both protection of assets, and investor-friendly tax and regulatory regimes. However, a majority of companies still want to preserve their already maintained corporate history and branding; in this scenario, the best option would be the re-domiciliation of a company to another favorable jurisdiction.

What is re-domiciliation?

Re-domiciliation (migration) is the process in which a company moves its domicile (situation where business takes place) from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, whilst maintaining the same legal identity.

What are the advantages of re-domiciliation?

• Conservation of the corporate history and branding 
• Securing existing clients base and contracts
• Maintaining of existing legal status
• Maintaining of goodwill and the banking history
• Flexibility in corporate reorganization

Why to move companies to the UAE?

• Reduction or dissolution of taxes on income, gain of capital and property 
• 100% repatriation of profits
• “White list” jurisdiction for OECD and FATF
• One-Hundred and fifteen Agreements --signed by multifarious countries-- that prevent double taxation
• Strategic location in the greater Middle East & North Africa Region
• Reliable legal and courts systems that protect foreign investments 
• Economic and political stability
• World-renown infrastructure and development of such

Garant's experience in corporate services allows us to provide insights on the most effective ways to organize your business from a legal and financial perspective.

Garant Business Consultancy provides full-scope support while implementing re-domiciliation plans tailored specifically for our clients, and assists with the process of moving companies from another jurisdiction to the UAE.