United Arab Emirates
Why is this normal:
Numerous free economic zones offer various corporate regimes. Nominee services are popular due to the requirements for local directors.
Peculiarities:
– Some free zones require a local director (may be nominal)
– DIFC and ADGM are offshore financial centers with developed nominee services
– Used for Middle Eastern and African business
– Zero taxation in most zones (until the recent introduction of corporate tax)
Regulation:
Growing demands on substance and economic activity, different standards in different zones.