Does A UAE VAT Number Add Any Substance

[Businessguy32]

I am wondering if a UAE VAT number adds any substance. My only income in dividends from foreign country which are exempt from VAT so my vat returns will be Nil each month.

Does having a VAT number make your UAE company any more legit?

I know on the dividend exemption form they ask for a tax number of the the UAE company which i just put a s N/A for not applicable.

I am just wondering of it is one of the things a company should have, even if they dont need it, kinda like a office landline phone even tho they are a thing of the past and you do all your calls on your cell phone.

I suppose I am mostly speaking from the perspective of a foreign tax investigation fro your home country. Does it make your company seem a bit more real?

Opinions appreciated.

 

[EliasIT]

Businessguy32 said:
Does having a VAT number make your UAE company any more legit?
Click to expand...

No not at all. You want to setup a real office there, with phone (and someone to answer it) and a real address.

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Businessguy32]

EliasIT said:
No not at all. You want to setup a real office there, with phone (and someone to answer it) and a real address.
Click to expand...

Yes correct. I have a real office and phone.I am just seeing what else I can add to my set up to make it stronger. In my country a VAT number is the tax number so I am wondering if it is worth getting. Filling out Nil Vat Returns only takes a few months every month or two so its not much hassle...

 

[Businessguy32]

Not much movement on the mentor gold group

 

[EliasIT]

Businessguy32 said:
Not much movement on the mentor gold group
Click to expand...

you almost answered your question already.

You have a real office, phone, find a beautiful lady that can pick up the phone and make you feel nice when you visit the office.
Among the mentioned already, register for VAT will only bring more work, not sure if it would help in the substance project.

You want to furniture the office and setup some computers and connect them to a VPN tunnel, now when you work, you connect to that laptop in the office and do all your work there. Now you will have proof that someone is actually working from the office.

From time to time you want to do some spending's from the office, visit there, be there, buy food from a pizza delivery and get it there, now you have another trail that you actually work there from time to time.

If you have something that would fit the office, let it be delivered direcltly to the companies address, make sure someone can pick up there and sign.

Once you have run this show for a 8 - 12 months period, no one will doubt that you have a company there with substance.

Water supply, electricity bill is a must of course.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Businessguy32]

Thanks a lot.That is v helpful!