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GenZone — Dubai Company Setup for Canadian Residents
🇨🇦 For Canadian Residents

Stop paying Canada's 53% tax Set Up Your Business in Dubai, Pay 0% Income Tax.

Trade License Residency Visa Corporate Banking

Canadian founders face some of the highest combined tax rates in the world, up to 53%. Dubai gives you 0% income tax, a UAE residency visa, and a corporate bank account, all handled end-to-end by the team trusted by 1,100+ founders across 50+ countries.

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300+ Canadian founders already made the move with GenZone
1,100+ Companies Formed
2,500+ Bank Accounts Opened
500+ 5-Star Reviews
50+ Countries Served

Canada Vs Dubai: Why Dubai?

🇨🇦 Canada Realities
🇦🇪 Dubai Advantages
Income Tax up to 53.5%
0% Income Tax – Tax-Free Income
Corporate Tax 15% – 26.5%
9% Corporate Tax (above AED 375k)
Capital Gains Tax up to 26.75%
0% Capital Gains Tax on Investments
Dividend Tax up to 48%
0% Tax on All Dividend Income
Crypto Taxes up to 53.5%
Tax-Free Crypto Gains
GST/HST up to 15% on Goods
5% VAT, Many Essentials Zero-Rated
High Cost of Living + Heavy Taxes
Tax-Free Salary Offsets Higher Living Costs
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Free Guide
GenZone Dubai Setup Guide Cover

How Much Does It Really Cost to Open a Business in the UAE?

The complete 2026 cost & setup playbook for international founders - no fluff, no hidden agendas.

Free Zone vs Mainland - which saves you more
Real cost breakdown: license, visa, banking
Step-by-step timeline from day 1 to live
Which UAE banks accept international founders
0% corporate tax - what qualifies, what doesn't
Costly mistakes to avoid before signing
47 Pages
2026 Updated
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10 min Read time
Updated for 2026
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Why GenZone

Not Just a Service. A Proven Path.

GenZone founders Kevin and Shayan
01

01. We've Walked the Path Ourselves

Built by founders who relocated themselves. Every obstacle already solved, you're following a proven playbook.

02

02. Full Exit. Clean Arrival.

We handle both sides: your complete exit from your home country's tax system and a clean landing in the UAE. No gaps.

03

03. Company. Visa. Bank. Remotely.

Trade license, residency, and business banking, all completed without stepping on a plane.

04

04. 1,100+ Moves. Zero Guesswork.

Faster approvals, stronger banking relationships, and a team that's already solved the problem you're worried about.

Google + TrustPilot Reviews

500+ Reviews. Real Results.

Guide · Updated June 2026

Moving to Dubai from Canada: A Practical Guide for Founders

GenZone co-founder Kevin McKenzie left Canada in 2022 after watching nearly half his income disappear to taxation every year. He went through the full process himself, Dubai company setup, US LLC formation, UAE residency, and built GenZone so that other Canadian founders could follow the same path without the guesswork. Today, GenZone has helped hundreds of Canadian entrepreneurs make the move. This guide covers what you actually need to know before leaving, from CRA departure tax to RRSPs to Canadian corporations and what to do with all of them.

53.5%Ontario top tax rate
0%UAE income tax
1,100+Founders set up globally

Canadian Departure Tax: The Most Misunderstood Part of Leaving Canada

When you cease to be a Canadian tax resident, the CRA triggers departure tax. The CRA deems you to have disposed of most capital property at fair market value on the date of departure. Unrealised capital gains on shares, business interests, cryptocurrency, or other assets become immediately taxable in your final Canadian return, not because you sold anything, but because you left. Advance planning, ideally 6 to 12 months before departure, is the most effective way to manage this. GenZone handles your UAE setup in parallel while you work with a Canadian tax professional on the departure side.

How to Establish Non-Residency with the CRA

Becoming a Canadian non-resident is not automatic when you leave. The CRA looks at the nature and permanence of your ties to Canada, including your primary home, spouse or partner remaining in Canada, and dependent children. To formally document your departure, you will file a Canadian departure return (T1) for the year you leave. Establishing a fixed home in Dubai through your GenZone residency visa is a key piece of evidence demonstrating where you now genuinely live.

RRSP and TFSA: What Happens to Your Canadian Accounts

Your RRSP is not subject to departure tax when you leave. It stays intact in your fund, though withdrawals as a non-resident attract Canadian withholding tax, typically 25%, reduced under the Canada-UAE tax convention for certain periodic payments. Your TFSA requires immediate attention: once you become a non-resident, income earned inside the TFSA and any contributions attract a 1% monthly penalty. Most Canadian founders withdraw their TFSA balance before their departure date to avoid this entirely.

What to Do with Your Canadian Corporation

Most Canadian founders either wind down their Canadian corporation or retain it as a holding entity for Canadian assets only, while their UAE free zone company becomes the active trading entity. Retaining a Canadian corporation while living in Dubai creates ongoing corporate tax returns, passive income rule risks, and director liability considerations. GenZone walks through the right structure for your specific situation on your strategy call.

Why Canadian Entrepreneurs Are Choosing Dubai

Ontario's top combined federal and provincial marginal rate reaches 53.53%, the highest in North America. For a properly structured Dubai company, the equivalent is 0% personal income tax and 9% corporate tax only above AED 375,000 in profit. The Canadian founders making the move most frequently work in SaaS, e-commerce, digital marketing, crypto and DeFi, content creation, and professional consulting. The UAE is GMT+4, putting it 8 to 9 hours ahead of Eastern Time. Many GenZone clients cover North American morning hours from the UAE afternoon without disrupting client relationships.

Everything GenZone handles for you

Dubai Free Zone Setup

Trade license, residency visa, Emirates ID, done remotely in 7 to 10 days.

UAE Corporate Banking

Emirates NBD, Mashreq, and Wio, with direct relationships for higher approval rates.

UAE Tax and Accounting

Ongoing compliance, VAT, and corporate tax filing to keep your structure clean year after year.

US LLC Formation

Pairs with your UAE company for US payment rails, Stripe, and US banking access.

Dubai Real Estate

Property advisory and Golden Visa structures for 10-year UAE residency through investment.

UAE Golden Visa

10-year renewable residency through property, bank deposit, or qualifying employment.

Frequently Asked Questions

Canadian departure tax is triggered when you cease to be a Canadian tax resident. The CRA deems you to have disposed of most capital property at fair market value on your date of departure, meaning unrealised capital gains become taxable in your final Canadian return. Proper planning before you leave can significantly reduce or defer this liability. GenZone advises on UAE structuring and recommends pairing this with a Canadian tax professional for your departure return.
To become a Canadian non-resident for tax purposes, you must sever residential ties with Canada including your primary home, spouse or common-law partner in Canada, and dependants. You should also cancel provincial health coverage and establish primary ties in your new country. You will need to file a Canadian departure return (T1) for the year you leave.
You can retain a Canadian corporation after leaving Canada, but it may create ongoing Canadian tax obligations including corporate tax on active business income and potential shareholder benefit issues. Most Canadian founders either wind down their Canadian corporation or retain it as a holding entity only, while using the UAE free zone company as their active trading vehicle.
Your RRSP remains intact after leaving Canada, but any withdrawals as a non-resident are subject to Canadian withholding tax, typically 25%, reduced to 15% for periodic payments under the Canada-UAE tax treaty. RRSPs are not subject to departure tax on departure itself, but ongoing management requires care. A Canadian financial adviser should review your RRSP strategy before you leave.
Once you become a Canadian non-resident, your TFSA loses its tax-sheltered status. Any income earned or contributions made while a non-resident are subject to a 1% monthly penalty tax. Most Canadians relocating to Dubai choose to withdraw TFSA funds before departing to avoid complications entirely.
Yes. Canada and the UAE have a tax convention in place. Canadian non-residents with UAE tax residency may access reduced withholding tax rates on certain Canadian-source income such as RRSP withdrawals and dividends under the treaty. This is a meaningful advantage that makes Dubai a particularly well-structured destination for Canadian founders compared to many other relocation options.
Most clients are fully operational within 7 to 10 business days. That includes the trade license, residency visa, Emirates ID, and corporate bank account. You will need to visit Dubai briefly, typically 2 to 3 days, for biometrics and bank account opening. The rest is handled remotely.
Yes, but physical presence in Dubai is required to open your corporate bank account. GenZone has direct relationships with Emirates NBD, Mashreq, and Wio, and guides you through the entire process to significantly increase your approval rate.
Our all-inclusive free zone packages with one visa typically start from around $8,500 USD. We provide a full cost breakdown including ongoing annual fees on your free strategy call. No hidden fees, no upsells.

This guide is for general informational purposes only and does not constitute tax or legal advice. Tax outcomes vary based on individual circumstances, residency status, asset structure, and applicable law. We recommend consulting a qualified Canadian tax professional regarding your specific departure tax position, RRSP strategy, and corporation structure before relocating. GenZone manages the UAE side of your setup. Your Canadian exit requires licensed Canadian advice.