Unlike free zone companies, offshore businesses are formed for operation in other countries or the place of their registered ownership in the United Arab Emirates. This article will explain and outline the steps and advantages of setting up a UAE offshore company. If you’re a business looking forward to forming an offshore company in UAE, … Read more
The Federal Tax Authority (FTA) calls upon all natural persons to apply for Corporate Tax Registration relating to the corporate tax in the UAE. Such registration is to be made on or before 31st March 2025, failing which one will be liable to Administrative Penalties. This article aims at discussing how one can get registered … Read more
Getting the ESMA certificate is extremely vital for any firm that seeks entry into the United Arab Emirates (UAE) to sell its products of water fixtures. It would be a confirmation that your product, indeed, complied with the fairly strict requirements on the safety and environmental protection side for quality aspects as well in the … Read more
What Is Corporate Tax? Corporate tax means, the amount of profit contribution from an entity or businesses from their profit during the period. UAE is a business country that allows businesses to invest and earn profit without paying any direct taxes to UAE government before June 2023, however, as intention is to be in line … Read more
The new rules for the “Voluntary Disclosure System” have been introduced by Dubai Customs through Customs Policy No. 58 of 2024. This policy requires businesses to provide prior notification on any mistake or infringement along with the customs declarations. The policy ensures transparency and compliance in businesses’ trading. Purpose of the Voluntary Disclosure System The … Read more
The businessmen in UAE need to understand the concept of tax residency in order to optimize corporate tax benefits. As per the UAE corporate tax law, taxable persons can be categorized as either resident or non-resident. This article explains tax residency rules in the UAE in detail. What is Tax Residency? Tax residency refers to … Read more