In recent times, many wealthy individuals in Switzerland have been considering relocating their assets and possibly themselves out of the country. Why? One of the big reasons is a proposed 50% inheritance and gift tax on transfers above CHF 50 million. This change, along with rising costs, political debates, and stricter tax rules, is making some people rethink if Switzerland is still the best place to keep and grow their wealth.
This is where Dubai comes in as an exciting alternative. Known for its zero income tax, business-friendly policies, and strong economy, Dubai is becoming a hotspot for entrepreneurs and investors from around the world, including Switzerland. It offers a modern lifestyle, global connectivity, and easy company setup options, making it a great place to start or expand a business.
Therefore, we will walk you through how to start a business in Dubai from Switzerland. From choosing the right business type to handling the paperwork and getting your visa, we’ll break it all down step by step.
Why Are Swiss Entrepreneurs Looking to Dubai?
Swiss entrepreneurs are increasingly considering leaving Switzerland and choosing Dubai as their next base, and here’s why:
1. Rising tax anxiety in Switzerland
- Inheritance tax threat: A proposed 50% inheritance and gift tax on assets over CHF 50 million has unsettled many ultra-wealthy families, and the uncertainty is causing concern. (Source)
- Regulatory tightening: New rules may force family offices with multiple clients or large assets to register as licensed portfolio managers, leading to higher compliance and disclosure burdens.
2. Regulatory relief & enhanced privacy
Swiss family offices face stricter rules, like needing licensing and public disclosures once they manage over 20 clients or exceed asset thresholds, triggering compliance burdens.
In contrast, Dubai offers more relaxed definitions for family offices and fewer disclosure requirements, providing a quieter and more confidential environment.
3. Tax certainty and treaty advantages
Dubai offers zero income, capital gains, and inheritance tax, alongside no exchange controls, enabling unrestricted repatriation of income or profits. Additionally, the UAE has an extensive network of double-tax treaties (80+ countries), helping global entrepreneurs avoid the pitfalls of double taxation.
4. Investor incentives & subsidies
Unlike Switzerland, which currently lacks major incentives for investment vehicles, Dubai and the UAE are actively offering financial subsidies and Golden Visa programs that reward business setup and long-term investment.
5. Major players are making the move
Global wealth managers like UBS, Rothschild & Co, and St. James’s Place are expanding in Dubai, with asset and wealth management teams growing sharply in recent years. Swiss banks such as Julius Baer are redeploying staff from Qatar to Dubai and investing more deeply in operations across the UAE. (Source)
6. Networking & elite ecosystem
Dubai now hosts exclusive Swiss and European HNW clubs (e.g., Changer) and encourages collaboration between ultra-wealthy individuals and startups, building a vibrant, elite network.
How to Decide the Right Business Jurisdiction in Dubai?
Choosing the right jurisdiction is one of the first and most important steps when setting up your business in Dubai. Here are the three main options:
1. Mainland Company
Perfect for Swiss entrepreneurs who want direct access to the UAE market, including the freedom to operate anywhere in Dubai or across the UAE.
Key advantages:
- Can do business with the UAE public and take on government contracts
- Ability to open offices or branches across the country
- No restrictions on the number of visas (based on office space)
Best for: Service providers, retail, real estate, construction, and those targeting local clients.
2. Free Zone Company
Ideal for businesses that don’t need to operate directly in the UAE mainland but want full ownership and international reach.
Key advantages:
- 100% foreign ownership
- Full profit repatriation and import/export tax exemptions
- Access to ready-made offices, warehouses, and infrastructure
- Streamlined processes and lower setup costs
Best for: Tech startups, consulting firms, e-commerce, trading, and international services.
3. Offshore Company
Designed for entrepreneurs focused on asset protection, wealth structuring, or managing international operations from a Dubai-based legal entity.
Key advantages:
- No requirement for office space or residency visa
- Full privacy and confidentiality of shareholders
- No tax on foreign-sourced income
- Ideal for holding assets, intellectual property, or international investments
Best for: Swiss family offices, private investors, and businesses managing global assets.
If you’re unsure which one suits you best, All Emirates Setup business advisors can help you compare options and choose the right structure based on your goals.
What are the Popular Business Activities for Swiss Entrepreneurs in Dubai?
Dubai’s business-friendly environment attracts Swiss entrepreneurs from a variety of sectors. Here are some of the most common types:
1. Financial & Wealth Management
Setting up boutique investment firms, family offices, or financial consultancies to serve global clients.
2. Luxury Goods & Watches
Trading Swiss watches, jewellery, and other premium products to cater to Dubai’s high-end market.
3. Import-Export & Trading
Dealing in Swiss-made goods like food, machinery, and pharmaceuticals using Dubai as a global trade hub.
4. Tech & FinTech Startups
Launching ventures in blockchain, AI, and finance, with access to Dubai’s innovation-friendly zones.
5. Health & Wellness
Starting organic cafés, wellness clinics, or health-tech services, aligning with Dubai’s lifestyle trends.
6. Consulting & Advisory
Providing expert services in management, legal, finance, or sustainability to regional and international clients.
7. Real Estate Investment
Investing in or managing residential and commercial properties, supported by Dubai’s tax-free rental income.
What are the Documents Required for Business Setup in Dubai from Switzerland?
If you’re a Swiss national planning to start a business in Dubai, here’s a list of essential documents you’ll typically need:
A. For Individual Entrepreneurs:
- Passport copy (valid for at least 6 months)
- Passport-sized photographs (with white background)
- Visa copy or entry stamp (if you’re already in the UAE)
- Proof of residential address in Switzerland (e.g., utility bill or bank statement)
- Emirates ID (if already a UAE resident)
B. For Corporate Shareholders (if setting up through a Swiss company):
- Certificate of Incorporation
- Memorandum and Articles of Association (MOA/AOA)
- Board Resolution
- Passport copies of directors/shareholders
- Certificate of Good Standing (optional but recommended)
C. Additional Documents (depending on business type or jurisdiction):
- Business plan (for certain free zones or regulated sectors)
- No Objection Certificate (NOC) (if you’re under a UAE sponsor)
- Tenancy/Ejari contract (for Mainland setup with office requirement)
How to Set Up a Business in Dubai from Switzerland?
Starting a business in Dubai from Switzerland is easier than you think. Just follow these simple steps to get started smoothly and legally.
Step 1: Choose Your Business Activity & Jurisdiction
Select from 2,000+ recognised activities (e.g., trading, consulting, FinTech). Your choice determines the type of license needed.
Step 2: Choose the Right Jurisdiction
Select where you want to set up your business:
- Mainland: Operate across the UAE, work with government contracts
- Free Zone: 100% ownership, tax benefits, faster setup
- Offshore: For holding companies or international trade (no UAE operations)
Step 3: Pick Your Legal Structure
- Mainland: Typically, an LLC (allows full ownership in most sectors).
- Free Zone: Options like FZE, FZ-LLC, or a branch office, depending on your zone’s rules
Step 4: Reserve a Trade Name
Pick a unique name that reflects your brand and complies with UAE naming guidelines. Submit it to the Department of Economic Development (DED) or the respective Free Zone authority for approval.
Step 5: Choose Office Space
Select a physical office (mandatory for mainland) or go with a flexi-desk/shared office in a free zone. Many zones offer virtual office options, too.
Step 6: Apply for the Business License
Choose the right license based on your activity:
- Commercial License for trade
- Professional License for services
- Industrial License for manufacturing/logistics
Submit the required documents (trade name, lease contract, shareholder IDs, business plan) to receive your license in Dubai.
Step 7: Open a Corporate Bank Account
Use your business license to open a corporate bank account in the UAE. Swiss nationals are usually preferred clients by UAE banks due to their strong financial credibility.
Step 8: Apply for Investor and Employee Visas
Secure your investor visa and those for employees or family members.
- Includes Emirates ID, medical check, and biometrics.
- Visa quotas depend on your office space and jurisdiction
Step 9: Start Operations & Comply with Local Laws
Launch your business, maintain proper bookkeeping, and comply with UAE tax laws (including VAT or Corporate Tax if applicable).
Extra Tips for Swiss Entrepreneurs:
- You can handle most steps remotely via Power of Attorney, but bank account and visa biometric steps require a short visit.
- Buying AED 2 million+ in property qualifies you for a 10‑year Golden Visa, offering long-term residence benefits.
What is the Cost of Business Setup in Dubai from Switzerland?
Starting a business in Dubai from Switzerland involves a few essential costs, which vary depending on the type of setup – Mainland, Free Zone, or Offshore. If you want full access to the UAE market and the ability to work with government clients, setting up a mainland company is ideal. You’ll need to budget for a trade license, office rent (Ejari), visa processing, and possibly other government fees. So, the total estimated cost would be AED 34,000–82,000 (CHF 8,500–20,500).
Free zones are perfect if you want 100% foreign ownership, tax benefits, and an easy setup. The total estimated cost in the Free Zone would be AED 17,000–70,000 (CHF 4,250–17,500).
Note: Free zones like IFZA or Meydan are great for Swiss entrepreneurs who want a simple, low-cost entry into Dubai. If your goal is to serve local clients, go with a mainland setup. Offshore options are best if you’re focused on asset protection or international trading.
Thinking of Moving Your Business from Switzerland to Dubai?
With taxes going up in Switzerland, many business owners are now looking at Dubai as a better place to grow. It’s tax-friendly, safe, and full of opportunities for entrepreneurs.
If you’re ready to make the move, AE Setup can help you every step of the way. From getting your license and visa to opening a bank account and finding office space, we’ll handle it all. Our team speaks multiple languages and has worked with many clients from Europe, so we understand exactly what you need.
Talk to our business setup experts today and start your Dubai business journey with confidence.
