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At the moment, nobody can tell you for sure because we are all waiting for the final rules, requirements and laws from the government. Anyway, I don't think it would work because you are the UBO of both companies, just splitting the acitivities (for tax reasons) and that would be 100% against...

In this case the freezone would be the better choice of course. Most of the freezones do not maintain publicly visible company registers.

Only if you doing business inside the UAE.

If you need support with the company formation (freezone or mainland), visa and bank account, feel free to drop us a message. Last edited: Oct 10, 2023

Today's news: The ministerial decision also includes a safeguard (GAAR) against businesses artificially splitting their operations to fall within the revenue threshold. If any business does this to avail of the small business relief, it's will not be eligible to gain a corporate tax advantage...

Yes, starting from 01/01/2024, if your financial year is Jan-Dec.

All income derived from transactions with other Free Zone Persons is treated as Qualifying Income, unless the other Free Zone Person is not the beneficial recipient of the relevant transaction or supply. Free Zone Persons acting as an intermediary, agent or conduit on behalf of another person...

The financial year is mentioned in your MOA/AOA. For most of the businesses, financial year is same like calendar year. Only exceptions happen sometimes with DMCC and some other zones where they mark financial year from July to June. Your revenue is the total amount of money that your business...

Corporate Tax Registration All companies, regardless of their operating model (free zone/mainland), must do corporate tax registration. Bookkeeping and Accounting Requirements This is now mandatory for all companies to keep proper accounting records, regardless of whether they pay corporate tax...

Yes there is one! :) Here we are! :D

No tax until end of 2026 if your revenue is below AED 3mio.

Yes, but it's not AED 3mio net profit but revenue. The official version: In order to elect for Small Business Relief, an eligible Taxable Person's Revenue must be below or equal to AED 3,000,000 for the relevant Tax Period and all previous Tax Periods4. Where a Taxable Person's Revenue exceeds...

UAE: As a shareholder you can go for an investor visa (+ AED 1,000) and you have to go there only every 12 months. Top Payment Gateways for the UAE Market Telr. Established in 2014, Telr, the UAE-based award-winning payment gateway, offers a unique platform that enables handling payments in...

You have to register your company for corporate tax in any case.

Hi Vandela, if you still need supoort, just drop us a short message and we will send you a quote. https://www.emiratessetup.ae/contact-information

Hi Barry, our PRO can handle it. Just drop us a short message: Business Setup Dubai & Abu Dhabi - UAE- Contact

All we know so far: Taxes in Dubai - All you need to know about it Freezone companies are NOT excepted from corporate tax generally!!! Depends on many details and many of them are not regulated in detail by the authorities.

The corporate tax only applies to annual profits of more than AED 375,000 (approx. Euro 95,000), i.e. only profits above this exemption limit have to be taxed accordingly. At the same time, salaries, office, telephone, etc. etc. can of course be claimed as expenses and accordingly reduce...

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