We were approached by a long-time client whom we had assisted historically with services across London and Jersey. The client was a British national who had been tax resident in Jersey for a number of years.
Being the owner of a boutique financial services business, and with opportunities for growth in the UAE, the client requested assistance in understanding their options for establishing business operations in the UAE.
Having relocated and setup ourselves in the UAE, we were well placed to assist. We needed to understand if the business to be conducted would be deemed regulated in any way. It turned out that would not be the case, which meant there were many options as to freezones in which the company could be incorporated.
We put a number of options to the client, who opted for the company to be incorporated with IFZA. This provided an address in Dubai and more importantly gave us the ability to open bank accounts with reputable institutions in the UAE. We chose ENBD. Additionally, we arranged residency visas for the client and staff in the UAE. Many of our clients are business owners, entrepreneurs and investors. It’s rare nowadays that these clients are tied to a physical place geographically. This case study highlights the ease with which it’s possible to relocate to the UAE.