Closing two Australian businesses and starting again in Dubai
An Australian husband and wife running two businesses — a coaching practice and an e-commerce business.
Speak to us about your situationThe situation
Craig and his wife decided to leave Australia and relocate to Dubai, bringing both businesses with them. These were real, trading businesses with genuine turnover, not something run on paper, so how it was set up and how it banked mattered — and it happened on short notice.
Why they came to us
They'd already spoken to several setup firms and come away frustrated — no straight answers, and slow to respond. For a couple about to close businesses in one country and rebuild them in another, that wasn't good enough.
What we recommended
First, the order: Craig and his wife took professional tax advice in Australia and closed their Australian structures properly before moving. In the UAE we set up two separate IFZA companies, one for each business, including one run with his wife. Because both were real trading businesses, we built the banking around the expected transaction volumes and opened a full corporate account, and we spoke to the bank about the businesses before setting the companies up. They took two residence visas and became UAE tax residents as part of the move.
The outcome
Both businesses are re-established, banked and running, we handle the accounting, tax filing and ongoing compliance, and they later started a second business with us as well.
My wife and I decided to close our business in Australia and relocate to Dubai to reopen it. This all happened on very short notice, and I can honestly say we couldn't have managed everything without Gareth and his team. Their communication and attention to detail were exceptional. We've since started a second business, again with the help of Gareth and his team.
— Craig
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