15 % tax Dubai (UAE)

[roulex]

Hi everyone

more than 130 countries agreed on a 15 % minimum corporate tax. One of them is the UAE:
https://www.oecd.org/tax/beps/oecd-...ges-arising-from-digitalisation-july-2021.pdf
What does this mean about our Free Zone companies and their 0 % taxation? Should we be worried? Any news on detailed plans? I couldn't find more information

 

[Fred]

Nothing.

See here:
https://www.nytimes.com/2021/10/08/business/oecd-global-minimum-tax.html

• New minimum tax rate would apply to companies with annual revenue of more than 750 million euros ($866 million)+

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[SoNewToAllShit]

Free zone comapanies in UAE have not to pay any corporate tax but they have difficulties to get a bank account if I read all correct `?

 

[Fred]

SoNewToAllShit said:
Free zone comapanies in UAE have not to pay any corporate tax but they have difficulties to get a bank account if I read all correct `?
Click to expand...

If you setup everything on your own - yes.

If you stick to a reliable CSP that knows what he is doing - it's not.

If you know what you can do for the people - you even guarantee the bank account like we do.

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