Mandatory Corporate Tax Registration in the UAE – 2024 Guide Fanar Advisor helps businesses meet their legal registration and compliance obligations for Corporate Tax (CT). We provide assistance throughout this complex levy’s implementation, with fanar providing guidance throughout its application. The FTA Decision details registration deadlines with an AED 10,000 penalty imposed if these deadlines […]
The UAE offers several benefits for business owners, including:
· Strategic location: The UAE is a major trade hub between the East and West.
· Tax benefits: There is no corporate income tax for most businesses in the UAE.
· 100% foreign ownership: In some free zones, you can own a business outright as a foreigner.
· Ease of doing business: The UAE has a streamlined business setup process.
The steps involved in setting up a business in the UAE will vary depending on the type of license you choose. However, the general process will involve:
The visa requirements for setting up a business in the UAE will depend on your nationality and the type of business license you choose. In most cases, you will need to apply for a business visa.
There is no corporate income tax for most businesses in the UAE. However, there are other taxes that may apply, such as VAT (Value Added Tax).
Fanar has been the premier and reliable business setup consultant in the Middle East, offering crucial assistance to entrepreneurs and SMEs.
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