Types of Entities in the UAE
Types of Entities in the UAE Introduction The Freelance License (Not a legal entity.) The Offshore Company The Free-zone Company The Mainland Company The Foundation Choose your Registry and License Type
Offices
Offices It is possible, whether for the Free-zone company or the Mainland company, to rent a shared office or a private office. Shared Offices For a Free-zone company, a shared office must be located in the Free-zone’s geographic area. It is not allowed to be located outside of the Free-zone. For a Mainland company, it...
Taxes Applicable to Companies
Taxes Applicable to Companies The purpose of this page is to list all taxes present in the UAE. Corporate Tax There is no corporate profit tax in the UAE. . Payroll Tax There is no payroll tax in the Emirates. However, it is now required that all residents in the Emirates take out local health...
VAT in the Emirates
VAT in the Emirates VAT (at rates of 0% or 5%) has been applied in the United Arab Emirates since January 1, 2018. VAT in the UAE works like VAT in France, Belgium, etc . It is the end consumer who pays it, while it is neutral for companies which must collect it and transfer...
Economic Substance Law
Economic Substance Law The Emirates have put in place an economic substance law. Please note that this new regulation concerns all the so-called “privileged taxation” countries (BVI, Seychelles, Bahamas, Jersey, etc.) and not only the Emirates. This law is applicable from 2020. It is an opportunity for the Emirates because it is one of the...
Country-by-Country Reporting (CbCR) in the Emirates
Country-by-Country Reporting (CbCR) in the Emirates As part of the OECD Base Erosion and Profit Shifting (BEPS) standard, the Emirates introduced two BEPS standards, on April 30, 2019: - Economic Substance Regulation (ESR) - Country-by-Country Reporting (CbCR). Applicability The CbCR legislation only applies to the parent companies of multinationals whose consolidated turnover exceeds USD 857...
Bank Accounts
Bank Accounts We work with several banks in the UAE to open bank accounts for our clients' companies. Opening an account remains complicated, regardless of the size of the company. It is therefore advisable to prepare the account opening file as best as possible so that the bank classifies this opening request as “low” risk....
All Our Prices
All Our Prices Please find below all our prices. Prices are in AED (VAT included with VAT deductible for companies). Assistance for opening a bank account in DubaiAED 1,260Change company nameAED 5,250Update Memorandum & Articles (M&A)AED 5,250 per updateShare transfer– AED 5,775 for company with only 1 shareholder – AED 8,400 for company with more...
FAQ About Companies
FAQ About Companies What type of company can I create? Do you provide phone and fax numbers? Do you have a template available for an invoice Do you offer a nominee service? What are the operating costs of the company? Do I have to do bookkeeping? What are the procedure and costs involved in dissolving...