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Corporate tax on many activities for UAE Free zone companies???
UAE Corporate Tax: ”˜Qualifying income' at 0% revealed for free zone businesses A strange “clarification” from the Ministry of Finance - any activity they want to be non-qualifying will be taxable just by them saying so? This way they can arbitrarily declare any activity in the FZZ to be...- lacomaco
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- Replies: 2
- Forum: Offshore Company
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Audit required for a UAE FZ company to have 0% CIT
Rowena drew my atention to the consultation document of the MInFin of the UAE, which says: Whether the financial statements of a business are required to be audited by an accredited audit firm is and will continue to be determined by applicable company laws and regulations. However, the UAE CT...- lacomaco
- Thread
- Replies: 2
- Forum: Tax, Accounting, Licensing & Legal
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EMI formation or purchase
One of my business partner has applied for an EMI licence in Cyprus, but the country has not issued a new EMI licence this year at all it seems. They are considering an alternate jurisdiction or the possibility of buying an EMI with a brand new licence or an existing one. Any experts to...- lacomaco
- Thread
- Replies: 2
- Forum: Offshore Bank & EMI Accounts
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Cleveland Bank - https://clevelandinterbank.com/
Is there any chance that it is not a fraud? Banking licence from West Sahara, office in Tanzania and O****a as Business Development Manager No, there is no chance that I believe them- lacomaco
- Thread
- Replies: 59
- Forum: Removed from the public forums