Mahogany Consulting

Why Dubai?

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Free Trade and Business Ecosystem in Dubai

Dubai is a key global hub for trade and investment, supported by:

Over 40 Free Zones

Including Jebel Ali Free Zone (JAFZA), Dubai Multi Commodities Centre (DMCC), and Dubai International Financial Centre (DIFC)

100% foreign ownership in Free Zones

0% import/export duties within zones

Full repatriation of capital and profits

No personal income tax, no capital gains tax, and no withholding tax

Strategic Economic Ties with Africa

Dubai is a gateway for African trade and investment, driven by:

Dubai-Africa trade value exceeded $50 billion in recent years

DP World, based in Dubai, operates logistics hubs and ports in 10+ African countries

DMCC’s Africa-focused initiatives, particularly in gold, diamonds, and agribusiness

Growing role in G2G partnerships, especially via Dubai Chamber of Commerce - Africa Office

Sectors of collaboration:

Commodities (gold, cocoa, oil)

Infrastructure (ports, logistics)

FinTech & Financial services

Agriculture & Renewable Energy

Tax Optimization Opportunities

For corporates

Free Zone Companies benefit from 0% corporate tax (until recently)

Corporate tax exemptions still apply for many Free Zone Qualified Activities*

No taxes on dividends, interest, or capital gains from qualifying investments

*if income remains within the Free Zone or from abroad

For individuals

No personal income tax

No wealth tax, inheritance tax, or capital gains tax

Possibility of obtaining residency via investment or business setup, enhancing tax domicile flexibility

France–UAE Tax Convention (1989)

The Convention between France and the UAE (signed July 19, 1989) prevents double taxation and fiscal evasion

Strategic for HNWIs and entrepreneurs looking to manage exposure to French global taxation