Pursuant to Federal Decree-Law No.(8) of 2017, VAT (Value Added Tax) is being implemented in the UAE from January 1st, 2017. VAT is levied on all products & services at a standard rate of 5%, which is very low compared to other countries that have already implemented it. Businesses with more than AED 375,000 annual turnover shall be mandatorily registered with Federal Tax Authority and businesses with more than AED 187,500 turnover can be voluntarily registered with FTA.
At Aurion, we have expert VAT Consultants having good knowledge of VAT Law & Legislation published by UAE Government, in order to assist Clients. We provide accurate and reliable VAT Consultancy services and help Clients to register for VAT & obtain unique TRN ( Tax Registration Number). Businesses have to file VAT return every 3 months & Aurion provides guidance & support to make Tax Invoices & file return.
Please find below link to download VAT guidance
As per Federal Decree Law No. (8) of 2017, (Value Added Tax) is being implemented in the UAE from January 1, 2018 at a standard rate of 5% on all “products and services”. All companies in the UAE, with an annual turnover of AED 375,000 or more shall mandatorily register with Federal Tax Authority (FTA) and obtain Tax Registration Number (TRN).
There is a confusion whether the International Business Companies (IBC) popularly known as Offshore Companies in UAE, are within the purview of VAT law in the UAE.
As everyone knows, there are three offshore jurisdictions in the UAE – 1) Ajman Offshore 2) RAKICC 3) JAFZA Offshore. “Offshore companies ", as the name indicates, are legally considered to be outside the country. Offshore companies are non resident companies, with no eligibility to do any business within the country of incorporation. They are not allowed to establish their own office, but their legal Office will be the office of Registered Agent through which company is incorporated. Offshore companies cannot be registered with Chamber of Commerce and they cannot obtain Import Export Code.
Being a Non- resident company and not doing business within UAE, an Offshore company will not come under the purview of VAT in UAE. Its also pertinent to note that VAT is payable on the fee charged by Registered Agent for incorporation and annual maintenance of company.
Years in Operation
I am a Japanese Chartered Accountant in NewYork and my Japanese Clients are feeling really comfortable with AURIONs support in UAE Business. Actually I have never seen a firm like you in the USA.
The most trust worthy professional group I've ever seen
It’s happy to note that Aurion registered the branch of BVI Company in Dubai Airport Freezone perfectly complying with all legal attestations. Thanks to Syam and team.
Quality, excellence and quickness are the hallmark of Aurion.
The entire job of setting up company in Freezone and getting warehouse was done in one day. Thanks to Aurion team.
I have had the opportunity to share the last several weeks with your consultant. It has been an enlightening experience for me and the other company managers.
I thank Aurion for their timely advice. If definitely saved me a lot of money & time.
Aurion is one of the best consulting teams in the UAE for all activities of company formation and related matters. We trust them the most.
AURION team has helped us to find the right location to register our company and we appreciate their professional approach.
I am extremely satisfied with the services provided by AURION. They were very professional and got the work done with expediency.
Thanks to Aurion's team I am able to concentrate on my work as they handle all other issues in a rapid and professional way.
I was very impressed on how fast and efficient the team was in incorporating our company within a few days and the exceptional assistance I received in obtaining my visa well within the time advised.
Very friendly, professional and cost effective company that created a stress free company establishment for GQ Holdings.
We feel safe in professional hands of Aurion since 2010 and we are sure we could not feel any safer without them. THANK YOU, AURION!
AURION Team did a great job in Incorporating our Company within the expected time and without any hassle. We were happy and satisfy with their Service. Thanking you!
Simply the best. Trustworthy, Professional and Caring. Highly recommended to anyone who is looking to set-up Free Zone company in UAE.
AURION was the most professional Company to provide Customers with less experience in the UAE Company Establishment field a comprehensive Service and Support to get the Business started.
It was a pleasure working with AURION, really professional, smart people who do their job FAST, EFFECTIVE and with JOY and HAPPINESS for doing the best.