UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

[bnpsu]

Do we just have to move the US LLC operations/assets into a UAE freezone then?‌ Are there any way to keep current US LLC structure?

 

[jafo]

So, the UAE free zone company and its UAE resident‍ director are exempt from corporate taxes and personal income taxes?

 

[bnpsu]

Yes... on qualifying income from‍ what I understand

 

[JustAnotherNomad]

How many times... We don't know yet.

 

[ShillGates]

Still nothing on qualifying income. What a world this shitshow is ? Deadline has passed???‌ I got banks in europe now unwilling to send money to uae so what is‍ cooking in the kitchen higher up in governments around the world- uae blacklist soon?

 

[Clank]

Which banks? No issues for me.

 

[ShillGates]

Ing and abnamro- European‌ entities that send money to their suppliers in uae are getting their accounts closed.

Which banks you referring to?

 

[ShillGates]

https://www.offshorecorptalk.com/threads/uae-clarification-of-freezone-qualifying-income.41414/
can we merge this or?

 

[yngmind]

Now we will also have to spend a ton of money on the accounting for‌ the UAE company or US LLC, deduct expenses, etc.

btw there are no CFC rules‍ in the UAE, so we don't have to report our offshore companies. How would they⁠ know how much money we made? 😉
Check when your fiscal year ends, for most of⁤ the people the first reporting period will start from Jan 24

 

[JustAnotherNomad]

Correct.

Wrong.