I understand that you are emphasizing the positive aspects of Dubai's development and suggesting that focusing on the negative side of taxation overlooks the international relations and progress the city has made.
You are now definitely in 9 of June in your mind and try to analyze situation focusing on the potentially bad side of bringing taxation while such places are visionary in their moves which lead to a successful & fast economic development 🙂
Not one world about real international relation, financial flow improvement and global improvement of making Dubai a real player in the "current" world.
Dubai's owner made their place what it is within a dozen of years only and you should be really over confident coming in a forum and by your own perspective of life thinking you can get better analyze of the best advisor around Dubai's rulers regarding their financial development.
"Almost all companies in these free zones will be affected by the tax. This includes small businesses, startups, and multinational corporations. The tax will make it more expensive for these companies to operate in Dubai, and it could lead to job losses and a decline in investment."
-> If you want to play big as a International business Hub, you can't stay on your side not even asking people to do proper accounting 🙂)) As a reminder - we are here for most of us entrepreneur - You are speaking about companies which are starting from 0 and should create proper history records. Leveraging in banking can offer the opportunity to accelerate capital creation.
Dubai's taxation enjoys of SBR (Small Business Relief) - exempted up to 750K USD revenu - or 100K USD threshold tax means Small Companies / Sole entrepreneur will not be really impacted.
"The UAE government is gambling that the tech and e-commerce sector will still be able to thrive in Dubai despite the tax. However, this is a risky gamble. There are many other attractive places for tech companies to set up shop, and the UAE government could easily lose out on business to its competitors."
Which one ?
"The recent influx of Russian population to Dubai may have given the government some confidence. However, this influx is not sustainable in the long term. The UAE government needs to focus on creating a business-friendly environment for all companies, not just those owned by Russians. "
Russians got any exemption of corporate tax ?
Last edited: Jun 9, 2023
You are now definitely in 9 of June in your mind and try to analyze situation focusing on the potentially bad side of bringing taxation while such places are visionary in their moves which lead to a successful & fast economic development 🙂
Not one world about real international relation, financial flow improvement and global improvement of making Dubai a real player in the "current" world.
Dubai's owner made their place what it is within a dozen of years only and you should be really over confident coming in a forum and by your own perspective of life thinking you can get better analyze of the best advisor around Dubai's rulers regarding their financial development.
"Almost all companies in these free zones will be affected by the tax. This includes small businesses, startups, and multinational corporations. The tax will make it more expensive for these companies to operate in Dubai, and it could lead to job losses and a decline in investment."
-> If you want to play big as a International business Hub, you can't stay on your side not even asking people to do proper accounting 🙂)) As a reminder - we are here for most of us entrepreneur - You are speaking about companies which are starting from 0 and should create proper history records. Leveraging in banking can offer the opportunity to accelerate capital creation.
Dubai's taxation enjoys of SBR (Small Business Relief) - exempted up to 750K USD revenu - or 100K USD threshold tax means Small Companies / Sole entrepreneur will not be really impacted.
"The UAE government is gambling that the tech and e-commerce sector will still be able to thrive in Dubai despite the tax. However, this is a risky gamble. There are many other attractive places for tech companies to set up shop, and the UAE government could easily lose out on business to its competitors."
Which one ?
"The recent influx of Russian population to Dubai may have given the government some confidence. However, this influx is not sustainable in the long term. The UAE government needs to focus on creating a business-friendly environment for all companies, not just those owned by Russians. "
Russians got any exemption of corporate tax ?
Last edited: Jun 9, 2023
