Redomiciliation is a relatively new process and foreign companies considering the United Arab Emirates should understand the eligibility requirements and consider the steps involved.
The ease with which redomiciliation or corporate migration may take place has significantly improved in recent years due to high demand from corporate entities to change their jurisdiction. The United Arab Emirates ("UAE") has numerous free zones, each with separate laws for operation and domicile, and has become an attractive location for redomiciliation. Companies redomicile for multiple reasons - whether commercial, practical or legal. Redomiciliation is still a relatively new process, so foreign companies considering changing their domicile to the UAE should understand the eligibility requirements and consider the steps involved.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.