UAE post corporate tax?

[JohnDones]

Hey all,

I had a UAE FZ company in 2022 before the corporate tax introduction so I'm curious what's the state of doing business in UAE after the corp tax?

How much have the maintenance cost increased for you, headspace now that you have to do accounting etc?

Thanks

 

[alley]

you could talk to @Aston VIP who is very active on OCT at the moment.‌

 

[JohnDones]

I'm just
At this point I'm just curious how things‍ have changed since then. It also came off the gray list not sure if that⁠ changed anything in how banks work (doubt it).

At some point I'm planning to add⁤ my US stock portfolio from personal brokerage to a company to protect it from US⁣ estate tax and doing it in UAE would qualify for GV so a nice bonus.⁢

 

[Thomas67]

Changes are mainly registration to CIT⁤ (on time), higher chance of seeing the Freezone require audited financial statements (if it wasn't⁣ the case), and higher compliance risk in terms of licenses (activity match). Up to you⁢ to assess accounting and audit fees, it's case by case and vastly depends on your︀ number of transactions, data pre-processing, software use, etc... Keeping an investment portfolio abroad has benefits︁ though, e.g. geographical diversification. A this stage I still don't know if using a locally︂ regulated broker (e.g. IBKR UAE branch) would be highly recommended (natural person or company) for︃ compliance purposes, which would prevent such a diversification.

 

[user123434]

s it advisable to open UAE company in 2025, without relocation there (no residence)?
I am still thinking about it, less because 9% Tax (still way better then my country),‌ more regarding things like unclear things with Accountants, audits, Company formation agents etc..