Freezone vs Mainland Company. Which one to choose?
What is a Mainland Company in UAE? Mainland companies are legal entities registered with an Emirate authority (Department of Economy and Tourism). As a result, these companies enjoy a certain level of freedom in their operations and setup. They can issue visas, do business freely with other companies in and outside the UAE, and potentially […]
What are the audit requirements for a company incorporated in Dubai?
To understand this, we should know about the different kinds of audits normally performed in UAE. Lets have a brief introduction of these. Regulatory Audit A regulatory audit focuses on ensuring that a company complies with the various laws, regulations, and standards set forth by the local authorities and regulatory bodies. These include compliance with: […]
How to start your business in UAE?
We advise you to read through this guide to fully understand the steps required on how to incorporate a company in Dubai. The process of establishing a company in the UAE involves only a few simple steps, in all seven emirates. Steps involved in incorporating a business. Starting a business in ordinary ways involves a […]
What is Tax Residency Certificate (TRC)?
Since UAE follows residency-based taxation, where resident entities are taxed with respect to their worldwide income, double taxation may occur where income is taxed in both the source country and resident country. To avoid this UAE has entered into Double Taxation Avoidance Agreement (DTAA) with multiple countries. An updated list of DTAs can be found […]
Quick rates and dates
Corporate income tax (CIT) rates Headline CIT rate (%) 9 Corporate income tax (CIT) due dates CIT return due date Under the UAE CT Law, all taxable persons are required to file a corporate tax return within nine months from the end of the relevant tax period. CIT final payment due date Under the UAE […]