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Virtuzone.

Today I gave the order to close down my company, they asked me about 12k, how ab u guys?

How about the small business relief? Up to 3 mil AED (and if the net earnings are under 375k AED - for example 2.7m of costs or dividends), what are the benefits? No accounting?

Hello, to stay on topic”¦Did the UAE government clarify something else? Taxation on Freezones is confirmed then?

Such conclusions based on?

So 99% of your clients sell physical goods? Why we not talking about digital goods which should represent more than 50% of all the freezones?

So in both cases (substance/residency or non residency of the 100% shareholder) a freezone IT company would be subject to 9%?

How about someone (resident in another tax free country) owning a freezone company but not resident in Dubai?

Not really, but what if the only shareholder has Dubai residency (not living tough)?

Guys and how about if the UBO of the company and only shareholder has residency in another country (no substance) or has residency card but no rented apartment (so activity is done outside UAE)?

If a client resident in the UAE buys from a Freezone or Mainland, 5% VAT should be paid?

Oh ok! So it means that until 3m AED even if the IT income is derived from UAE , there is no taxation ?

But this is true (9% taxes if the incomes is UAE generated) for over 375,000 AED, correct?

Can anyone provide insights on whether the 9% tax applies to IT services offered outside of Dubai or the UAE? I appreciate any information or expertise you can share on this topic. Thank you for your help!

Hello everyone, I've been pondering why some consultants don't often suggest setting up a company in Mainland. I'm particularly interested in understanding the potential downsides for an IT company. Here are a few specific questions that I have: VAT (5%): Is it true that a Mainland company is...

How about services? Restaurants, Food deliveries, uber, Shopping mall? Thanks.

I thinl better to look at BG, more flexible. So much headache for what?

Everyone thinks that this Italian tax regime is “amazing” until you try the italian tax and burocrazy madness. Maybe setup ur residency in Romania, Bulgaria or similar where you pay low taxes and live in Dubai like a tourist.

Have you ever compared NBD or Mashreq VS Hsbc for example?

Hello, someone told me that Citi bank is a good solution for personal bank account in Dubai (international bank so less strict than local banks for compliance). Do you have any feedback or any connection there? Thanks.