FAQs about Emirabiz Services
It should be “on time government service” instead. Click here to view the map.
If a foreign company does not have a permanent establishment and sources of income in the UAE, it is not subject to the new UAE CT law and therefore does not pay it.
All companies in the UAE must provide financial statements prepared in accordance with IFRS.
In addition, proper accounting and bookeeping will help companies justify their profits and the source of income, which will facilitate filing tax returns without errors.
All transactions must be recorded and supported by invoices and other supporting documents such as contracts, bills of lading, etc.
The starting point for calculating taxable income will be the accounting profit/loss.
Starting from June 1, 2023, all UAE companies must register with the Federal Tax Authority (FTA) and file annual tax returns regardless of whether they pay a 9% tax or not.
Taxpayers must file tax returns annually on the EmaraTax portal. Taxes must be paid within 9 months after the end of the tax period.
Yes, if a company is registered for VAT, it must also separately register for corporate tax. Each tax regime has its own rules, and one does not replace the other.
Companies can reduce up to 75 percent of taxable income by losses from previous periods. If at least 50 percent of the share capital is owned by the same shareholders, the losses can be carried forward indefinitely. If the owners are new, only 50 percent of such losses can be carried forward, provided that the nature of the activity has not changed or has changed to a similar one.
No. A group of companies can be taxed as a single entity.
Overall it will cost about 3,600 AED (986 USD). In case your visa designation is Investor, you will need to add 3,000 AED (820 USD) refundable deposit for each dependent visa.
For residents of Dubai, you should be earning AED 3,500 plus accommodation or AED 4,000 and above to be able to sponsor your child.
Yes. You will need to obtain a No Objection Letter from the biological parent and the visa will be granted.
Planning to start a business in the UAE? With Emirabiz, you can navigate the process quickly and effortlessly. We provide expert assistance with company registration, licensing, residency visas, bank accounts, and comprehensive business support.