0% personal tax · 50+ free zones · 100% foreign ownership
The United Arab Emirates has transformed into one of the world's premier business destinations. Zero personal income tax, a strategic location bridging Europe, Asia and Africa, world-class infrastructure, and over 50 free zones with 100% foreign ownership make the UAE compelling for international founders.
Understanding the distinction between Free Zone, Mainland, and Offshore structures is critical — the wrong choice restricts your ability to trade, hire, or access banking. MYFIRM GLOBAL's UAE advisory starts with a business model assessment.
The UAE introduced a federal corporate tax of 9% in June 2023, applicable to profits exceeding AED 375,000 (approximately $102,000). Below this threshold, the effective rate remains 0%.
Free Zone companies qualifying as "Qualifying Free Zone Persons" (QFZP) benefit from 0% corporate tax on qualifying income — broadly including transactions with other free zone companies and services to overseas clients. Income from UAE mainland activities is taxed at 9%. No personal income tax, no capital gains tax, no withholding tax on dividends to non-residents.
UAE banking is generally more accessible than many offshore jurisdictions. Emirates NBD, Mashreq, RAK Bank, ADCB, and FAB offer full corporate banking. Digital options include Wio Bank and Payit. Free zone companies typically open accounts more easily than mainland LLCs. Account opening requires clear business purpose, ownership transparency, and proper documentation.
Answer 4 quick questions — get a personalised recommendation from our team.
Our team will prepare a personalised structure recommendation for UAE. Contact us:
| Aspect | UAE Free Zone | Singapore | Hong Kong | BVI |
|---|---|---|---|---|
| Personal tax | 0% | 0–22% | 0–17% | 0% |
| Corp. tax (min) | 0% | 17% | 8.25% | 0% |
| Registration time | 3–7 days | 1–3 days | 5–7 days | 5–7 days |
| Residence visa | Yes | Possible | Possible | No |
| Banking ease | Good | Excellent | Good | Medium |
Free 30-minute consultation. Our team responds within 2 hours.
MYFIRM GLOBAL LTD · Company No. 16937758 · 124 City Road, London EC1V 2NX · mafirmaglobal@gmail.com
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