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: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 […]
Treatment of Dividend under UAE Corporate Tax
This guide should be read by Taxable Persons who receive Dividends from a Resident juridical person, and income or gains from a Participating Interest. A Taxable Person includes both juridical persons and natural persons where the income is not their Personal Investment income Dividend can be Ordinary, In kind, Other distributions (Redemption and buyback of […]