Tax Residency Certificate-UAE Corporate Tax
If your business activities extend beyond the borders of the UAE, we kindly advise you to secure a Tax Residency Certificate from the Federal Tax Authority, UAE to prevent potential issues of double taxation in accordance with the Corporate Tax Law. The processing time for approval is at least 5 business days, with the possibility […]
Private Limited Company and One Person Company (OPC) Incorporation
For a private limited company, there should be at least 2 Directors and 2 Share Holders and one of them should be Indian resident or Indian citizen Checklist: Cost:
UAE Corporate Tax and Freezone
With regard to the recent public clarification by FTA,UAE, many are confused on the treatment of Tax treatment of free zone entities under corporate tax. Firstly, Freezone entities means legal persons and their branches and not a natural person. 1. For Free zone entities,Corporate Tax is Zero rated in case of qualifying Income.2. Qualifying income […]
Corporate Tax registration deadline
Corporate tax registration and filing or Annual returns is mandatory for all UAE registered Legal persons and Natural persons carrying on a business. The deadline for registration depends on the month issue of trade license starting from 31 May 2024. The penality for non registration is AED 10,000. Register without delay and avoid penalty. For […]
UAE VAT on Healthcare Services. Part I-Hospitals and Clinics
UAE VAT on Healthcare services. Part II- Ancillary services
UAE VAT on Health care services-Part III
Permanent Establishment in UAE
Nanotech International is a Non-Resident company incorporated in the US, specializing cybersecurity solutions. It has a branch office in Dubai, focusing on market research and client acquisition. The Dubai office also has a small team that provides technical support to local clients. Its latest Balance sheet shows Office Equipment AED 8 million, Inventory 5 million,Office […]
UAE Corporate tax: Small business relief
UAE Corporate Tax: Small Business Relief Eligibility: Any resident taxable person whose revenue does not exceed AED 3 million in the relevant tax period and all the previous tax periods ending 31 December 2026. Major conditions: Exceptions: Example:ABC started business in Ajman in the year January 2024 and derived a revenue of AED 2 million. […]
UAE Corporate Tax:Connected Persons
Company Name: Beta Innovations LLCActivity: Software developmentLocation: Dubai Key persons:CEO: MarkCFO: GiriMajor shareholder : Sarah (61%)Minor Shareholder: Emily (11%)Q1. Is Mark a Connected person of Beta Innovations? Yes. Director or Officer of the companyQ2. Is Giri, a connected person? Yes, Director or Officer of the companyQ3. Is Sarah, a connected person? Yes, owns 60% of […]