General Overview. Dubai is divided in onshore and offshore business sectors. Whilst both of them are characterized by the absence of taxes, 100% foreign ownership and customs incentives are available only in free zones or offshore sector, which makes Dubai a particularly attractive jurisdiction in the Middle East.

Banking Sector. Banking sector is well developed in Dubai, having local and international banks, branches of foreign banks and Islamic banks. The banks of this jurisdiction offer high-tech and high quality offshore banking services.

International Financial Centre. Dubai positioned itself as an international financial service, creating a favourable business environment and strong regulations for financial services industry. Different types of companies may be incorporated there for offshore business purposes and the local government welcomes all legitimate business initiatives. In the recent years, business opportunities in Dubai for foreign private persons and corporate entities have significantly expanded.

Shipping Management. Dubai is one of the world’s most important ports due to its geographical location and well-developed infrastructure. Efficient shipping facilities and advantageous shipping business management conditions are offered in the jurisdiction.