tax in freezone
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Establishing a Company in UAE and transferring the funds into UAE company bank account is an intelligent method of asset management. It also helps in saving taxes for foreign investors in their home country. UAE is ranked as one of the top countries for the ease of doing business. The safety of the banking network … Continue reading
UAE is removed from the European Union (EU) blacklist and all thanks to the introduction of Economic Substance Regulations. The United Arab Emirates (UAE) was removed from the European Union’s blacklist by the Code of Conduct Group on Business Taxation on October 10, 2019. UAE had introduced the Economic Substance Regulations under the specific guidance … Continue reading
Tax Residency Certificate is issued for eligible Companies and Individuals to take advantage of the Double Taxation Avoidance Agreement (DTAA) Treaty entered by UAE with different Countries. To ensure that businesses based in UAE are not paying double the tax, UAE has entered into a Double Tax Avoidance Agreement (DTAA) with almost 76 Countries in … Continue reading
UAE has imposed VAT (Value Added Tax) at the rate of 5% from January 1, 2018, on import and supply of Goods and Services at each stage of production and distribution. If a natural person or legal entity in the UAE, being an implementing State, anticipate that the total value of all taxable supplies or … Continue reading
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