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 property 11 million among others
P1. Nanotech has a permanent establishment in UAE since it has a branch office and balance sheet shows office property and equipment
P2. Market research is an activity of a preparatory or auxiliary nature and hence activity is not considered a Permanent Establishment.
P3.Dubai office generates revenue through technical support and client acquisition, which is considered State Sourced Income.
P4. The natural persons employed in the office are not part of the core income-generating activities
P5.The Dubai office is a branch of NanoTech International and is not legally or economically independent
P6. Dubai office primarily focuses on market research and client acquisition and does not make management and commercial decisions for NanoTech InternationalP7. The Dubai office primarily focuses on market research and client acquisition and does not make management and commercial decisions for NanoTech