UAE Business License: Choosing the Right License for Your Company
Introduction Starting a business in the UAE is an exciting opportunity, but choosing the right business license is crucial for compliance and smooth operations. The UAE offers several types of trade licenses, each tailored to different business activities. In this guide, we’ll walk you through the different types of licenses, their costs, and how to […]
Step-by-Step Guide to Setting Up a Business in the UAE
Introduction The UAE has become one of the most attractive destinations for entrepreneurs and investors worldwide. With its tax-friendly policies, strategic location, and business-friendly environment, starting a business in the UAE can be a profitable venture. Whether you’re a startup founder, an SME owner, or a foreign investor, this guide will walk you through the […]
Small Business Relief in the UAE: A Comprehensive Guide
This article provides a detailed overview of Small Business Relief in the UAE, including eligibility criteria, benefits, compliance requirements, and application procedures. The UAE government has introduced Small Business Relief (SBR) as part of its Corporate Tax policy to ease compliance burdens for small businesses and startups. This initiative aims to create a business-friendly environment […]
UAE FTA Announces Tax Record Update Grace Period – Avoid Fines!
The UAE Federal Tax Authority (FTA) has announced a grace period from January 1, 2024, to March 31, 2025, allowing businesses to update their tax records without incurring administrative penalties. Failure to update records within this period may result in fines. This initiative provides businesses with an opportunity to ensure compliance with tax regulations by […]
FTA Decision No. 8 of 2024: New Rules for VAT Return Corrections & Compliance
𝐅𝐓𝐀 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐍𝐨. 𝟖 𝐨𝐟 𝟐𝟎𝟐𝟒: 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐟𝐨𝐫 𝐂𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐧𝐠 𝐄𝐫𝐫𝐨𝐫𝐬 𝐢𝐧 𝐕𝐀𝐓 𝐑𝐞𝐭𝐮𝐫𝐧𝐬 The Federal Tax Authority (FTA) of the UAE has recently issued Decision No. 8 of 2024, introducing a structured mechanism to correct errors or omissions in VAT returns submitted by businesses. This move enhances compliance, accuracy, and transparency in […]
FTA Zero Returns Auditing: Ensuring Compliance & Tax Transparency
FTA Introduces Zero Returns Auditing: A Major Step Towards Tax Transparency The Federal Tax Authority (FTA) of the UAE has taken a significant step in strengthening VAT compliance by introducing audits on submitted zero returns. This move ensures that businesses adhere to tax regulations and maintain transparency in their financial reporting. Many businesses submit zero […]
Dubai vs Abu Dhabi: Which City is Right for Starting Your Business?
Dubai vs Abu Dhabi: Which City is Right for Starting Your Business? Starting a business in the UAE is a promising venture, thanks to the country’s booming economy and investor-friendly policies. However, the big question remains: Should you choose Dubai or Abu Dhabi? Both cities offer unique advantages, but the best choice depends on your […]
Corporate Tax Savings UAE: Top 5 Strategies for Your Business
The UAE has solidified its reputation as a global business hub, attracting entrepreneurs and multinational corporations with its favorable tax policies and strategic location. However, with the introduction of corporate tax, businesses must now adapt to new compliance requirements while exploring opportunities to minimize tax liabilities. Proper tax planning is no longer optional—it is essential […]
Golden Visa for Educators in Ras Al Khaimah – Apply for Long-Term Residency
The new Golden Visa for Educators in Ras Al Khaimah offers long-term residency to teachers and school leaders, reflecting the UAE’s dedication to elevating educational standards. Ras Al Khaimah has unveiled a new Golden Visa program specifically for educators in public and private schools, emphasizing the value of long-term residency for those enhancing the educational […]
VAT Rules for Electronic Services in the UAE
VAT Rules for Electronic Services in the UAE Place of Supply Rules for Electronic Services The UAE VAT law uses the concept of ‘place of supply’ to determine whether a service will be subject to VAT within the UAE. For electronic services, specific rules are outlined under Article 31 of the VAT Decree Law, which […]
