How to have a Dubai Registered business in Low cost.

Value Added Tax (VAT) is an indirect tax imposed on the supply of goods and services in the United Arab Emirates (UAE). While VAT registration is mandatory for businesses that meet certain turnover thresholds, there are situations where deregistration becomes necessary. In this blog post, we will delve into the process of VAT deregistration in […]

Introduction: On 26th May 2023, the Ministry of Finance introduced Decision No. 120 of 2023, which outlines the adjustments under the transitional rules for the implementation of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (referred to as the ‘CT Law’). Effective immediately after its publication, this decision provides guidance

Introduction On May 11, 2023, the United Arab Emirates (UAE) Ministry of Finance (MoF) released Ministerial Decision No. 97 of 2023, outlining the requirements for maintaining Transfer Pricing (TP) documentation under the UAE Corporate Tax (CT) regime. The decision aims to provide clarity and guidelines to taxable persons regarding the preparation and maintenance of Local

Corporate tax (CT) is a direct tax imposed on the net income or profit of corporations and other entities engaged in business activities. In the UAE, the Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses, also known as the Corporate Tax Law, mandates that businesses will be subject to corporate tax

[vc_row][vc_column][vc_column_text]Importation of goods from outside the UAE into the UAE mainland is subject to VAT. The treatment of the same is however different depending on whether the importer is registered or not registered. When a VAT-registered person imports goods, he may, account for the VAT in the tax return (“VAT return”), rather than paying actually

[vc_row][vc_column][vc_column_text] The United Arab Emirates (UAE) has a robust legal framework to prevent money laundering and terrorist financing. As the financial hub of the Middle East, the UAE has implemented strict Anti-Money Laundering (AML) and Know Your Customer (KYC) laws and regulations to ensure that its financial system is secure and transparent. KYC procedures are

[vc_row][vc_column][vc_column_text] A sole establishment is a legal form of business which is 100% owned by a natural person. It does not have an identity independent to its owner and will be considered to be the same person as its owner. A natural person can obtain separate sole establishment license for different line of businesses owned

[vc_row][vc_column][vc_column_text]The implementation of new VAT laws in Dubai in 2023 is expected to be a significant milestone, following the successful completion of a five-year period of VAT implementation in the city. These laws have been developed based on the challenges and experiences of the business community in Dubai, and are intended to provide a clearer

[vc_row][vc_column][vc_column_text] Real Estate Activity Report (REAR) submission by real estate brokers and agents and law firms as per Circular Number: 05/2022 issued by the Ministry of Economy (MOE), UAE [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1665133071749{margin-right: 15px !important;margin-left: 15px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #eaeaea !important;}”] Ministry of Economy has recently issued a Circular (No.