Business Consultants in Dubai

Dubai, with its business-friendly ecosystem, strategic location, and world-class infrastructure, acts like a magnet for entrepreneurs and businesses around the globe. IFZA (International Free Zone Authority) is the most attractive opportunity for setting up a business in Dubai. This blog particularly highlights the benefits, requirements, and steps to ensure a smooth process of IFZA company setup in Dubai. Introduction to IFZA The International Free Zone Authority (IFZA), introduced in 2018, is one of the most dynamic and highly regarded free zones in the UAE. Since the UAE has shifted the country’s focus away from gas and oil, they’re now investing heavily in other areas and encouraging entrepreneurs to invest in the country, IFZA is the most encouraged investment for the sake. Located in Dubai Silicon Oasis, IFZA offers a wide range of business activities and license types, making it an ideal choice for entrepreneurs looking to set up a company in Dubai. IFZA in 2024: Updates! IFZA has seen a 25% increase in new business registrations in the first quarter of 2024compared to the same period in 2023.Technology and consultancy sectors are leading with a 30% increase in registrations.Over 10,000 new jobs have been created through companies established in IFZA in the pastyear. IFZA has attracted foreign direct investment (FDI) worth $1.2 billion in 2023, with projections to reach $1.5 billion by the end of 2024. Dubai Chamber of Commerce revealed that 78% of businesses in IFZA reported increasedprofitability and growth potential due to the flexible and supportive regulatory environment.(Survey) Why Choose IFZA for Your Company Setup? ● Flexibility: With a variety of license types and business activities, IFZA caters to a diverse range of business needs.● Strategic Location: IFZA is situated in Dubai Silicon Oasis, providing easy access to major business hubs, airports, and ports.● Cost-Effective: When establishing a company in a UAE free zone, the primarychallenges are the time and cost required. IFZA Dubai provides a swift and cost-effective solution for company formation, with all processes completed within Dubai. In contrast, other free zones tend to be more costly, often have longer processing times, and demand more extensive documentation before the formation can take place.● Modern Infrastructure: IFZA boasts all the modern amenities that Dubai provides, including cutting-edge infrastructure and the option to have your own flexi-desk or office within the free zone. IFZA’s advanced facilities cater to the needs of new entrepreneurs who require office space, making it a vibrant center of high-level business activity where you can establish global connections.● Business-Friendly Policies: IFZA provides 100% foreign ownership, zero corporate and income taxes, and no currency restrictions.● Comprehensive Support Services: From visa processing to office space solutions, IFZA offers extensive support to ensure your business runs smoothly. Licenses Offered by IFZA ● Industrial License: For manufacturing and industrial activities.● Commercial License: Suitable for trading and general commercial activities.● Holding License: For companies looking to hold assets and shares in othercompanies.● Service License: Ideal for businesses offering services such as consulting, IT, and other professional services. Business Activities Permitted in IFZA IFZA allows a wide range of business activities, including but not limited to: ● Trading and retail● IT and technology● Media and marketing● Education and training● Healthcare and medical services● Consultancy and advisory services● Real estate and property management Licenses Offered by IFZA ● Industrial License: For manufacturing and industrial activities.● Commercial License: Suitable for trading and general commercial activities.● Holding License: For companies looking to hold assets and shares in other companies.● Service License: Ideal for businesses offering services such as consulting, IT, and other professional services.   Business Activities Permitted in IFZA IFZA allows a wide range of business activities, including but not limited to: ● Trading and retail● IT and technology● Media and marketing● Education and training● Healthcare and medical services● Consultancy and advisory services● Real estate and property management Trends in Business Activities: 2024!In 2024, there has been a notable surge in IT and technology-related businesses, which now constitute 40% of the new registrations in IFZA, driven by Dubai’s push towards becoming a global tech hub.   Steps to Set Up Your Company in IFZA Step 1: Determine Your Business Activity and License Type The first step is to decide on the business activity you wish to undertake and the appropriate license type. This decision will influence the rest of the setup process. Step 2: Choose a Company Name  Select a unique name for your company that complies with IFZA’s naming conventions. The name should not include any offensive or blasphemous terms and must be available for registration. Step 3: Submit the Required Documents Prepare and submit the necessary documents, which typically include: ● Proof of address● Passport copy of the shareholder(s)● Passport-sized photos of the shareholder(s)● Business plan (if applicable) Step 4: Choose Your Office SolutionIFZA offers various office solutions, from virtual offices to physical office spaces. Choose the option that best suits your business needs and budget. Step 5: Obtain Initial Approval Once your documents are submitted, IFZA will review and provide initial approval for your business setup. Step 6: Sign Legal Documents and Pay Fees Sign the legal documents provided by IFZA and pay the relevant setup fees. These fees vary based on the license type and office solution chosen. Step 7: Receive Your Business LicenseAfter completing the necessary formalities, you will receive your business license, allowing you to commence operations in Dubai. Benefits of IFZA Company Setup Freely repatriate 100% of profits and capital. Conduct business in any currency without restrictions. Enjoy full ownership of your company without the need for a local sponsor. Strategic location near Dubai International Airport, access to a large consumer market. Enjoy 0% corporate income tax, personal income tax, and import/export duties within the zone (UAE general tax applies outside: 0% up to AED 375,000, 9% above). Visa Options for IFZA Companies IFZA companies can apply for multiple visas depending on their office package. The visa process is straightforward, and IFZA provides support throughout the application process. Types of visas include:● Investor Visa● Employee Visa● Dependent Visa

In the modern landscape of the business world, every penny counts. When it comes to corporate tax UAE is well-known for its favorable tax environment by offering effective ways to reduce the tax burden. This business-friendly ecosystem incentivizes businesses in the UAE to employ several strategies that optimize tax savings while staying compliant with local regulations. This blog delves into effective strategies and insights on how to save money on taxes in the UAE, backed by modern research and facts 1. Maximize VAT DeductionsAVAT-registered businesses can reclaim the VAT they pay on business-related expenses, provided they keep accurate records and submit timely returns. Here’s how to maximize your VAT deductions: # Ensure all transactions are well-documented (including invoices and receipts) for purchases and expenses. # Claim input tax credit for VAT paid on goods and services purchased for business use. This can significantly reduce your net VAT liability. #Get familiar with zero-rated supplies (such as certain healthcare and educational services) and plan your transactions to benefit from zero-rated status where applicable. 2. Utilize Free ZonesFree zones in the UAE offer numerous tax advantages, including: # Businesses in free zones can be fully foreign-owned without needing a local partner. # Many free zones offer exemptions from corporate tax, import/export duties, and VAT,subject to certain conditions. # Full repatriation of profits and capital is allowed, which can enhance your financialflexibility. When choosing a free zone, consider factors such as location, industry focus, and specificbenefits offered. 3. Leverage Double Taxation Agreements (DTAs) The UAE has an extensive network of double taxation agreements with over 100 countries. These agreements prevent individuals and businesses from being taxed twice on the same income, providing significant tax relief. Here’s how to benefit from DTAs: # Familiarize yourself with the provisions of relevant DTAs, including reduced withholding tax rates on dividends, interest, and royalties. # Obtain a tax residency certificate from the UAE’s Ministry of Finance to avail of treatybenefits. This certificate proves your residency status and eligibility for DTA provisions4. Corporate StructuringEffective corporate structuring can minimize tax liabilities and enhance operational efficiency. Consider the following strategies for saving tax via corporate structuring: Establishing a holding company in a favorable jurisdiction can help in tax-efficient profit repatriation and asset protection.  Strategically setting up subsidiaries or branches in different emirates or free zones canoptimize your tax position and benefit from regional tax incentives.  5. Expense ManagementProperly managing your business expenses can lead to significant tax savings.Here are some key practices: # Ensure that all business expenses are correctly categorized and documented. This includes travel, entertainment, and operational costs. # Familiarize yourself with allowable deductions under UAE tax laws, such as depreciation of assets, research and development expenses, and employee-related costs. #Regularly review your expense reports and financial statements to identify potential areas for cost optimization and additional deductions.   B. Personal Tax-Saving TipsWhile the UAE does not impose personal income tax, there are still ways for individuals to manage their finances more effectively: 1. Invest in Tax-Efficient ProductsConsider investing in tax-efficient financial products and instruments: # Investing in real estate can offer rental income and capital appreciation, with favorable tax treatment on property sales. # Certain retirement savings plans and insurance products can offer tax-deferred growth and other financial benefits. 2. Estate PlanningProper estate planning ensures that your assets are distributed according to your wishes while minimizing tax liabilities:# Establishing wills and trusts can help in the tax-efficient transfer of assets to heirs and beneficiaries.  # Life insurance policies can provide tax-free payouts to beneficiaries, offering financialsecurity and tax advantages.  3. Expatriate BenefitsExpatriates in the UAE can take advantage of various benefits to enhance their financialwell-being: #Negotiate housing allowances with your employer, which can cover rental expenses and reduce your taxable income in your home country. #For those with families, education allowances can help cover the cost of schooling and reduce overall tax liability.  C. Compliance and Best Practices To maximize tax savings while ensuring compliance, it’s essential to follow best practices and stay informed about regulatory changes: 1. Stay UpdatedTax laws and regulations in the UAE are subject to change. Regularly review updates from the Federal Tax Authority (FTA) and seek professional advice to stay compliant and optimize your tax strategy. 2. Hire Professional AdvisorsEngaging professional tax advisors and accountants can provide invaluable insights and ensure your tax planning is both effective and compliant:  # Tax professionals can offer tailored advice based on your specific circumstances and the latest regulations. # In the event of an audit, professional advisors can help you navigate the process and provide the necessary documentation and support.3. Use TechnologyLeverage technology and accounting software to streamline your tax management processes:Professional tax advisory services can help individuals and businesses: # Use digital tools to automate record-keeping, expense tracking, and VAT calculations. # Cloud-based accounting solutions can provide real-time financial insights and simplify tax reporting. Conclusion Saving money on taxes in the UAE requires a thorough understanding of the tax landscape, strategic planning, and adherence to legal requirements. Businesses can significantly reduce their tax liabilities by maximizing VAT deductions, utilizing free zones, leveraging double taxation agreements, and optimizing corporate structures. Additionally, individuals can benefit from tax-efficient investments, estate planning, and expatriate benefits to enhance their financial well-being. Staying informed about regulatory changes, hiring professional advisors, and leveraging technology are essential steps to ensure compliance and maximize tax savings. By implementing these insights and strategies, you can navigate the complexities of the UAE tax system and achieve optimal financial outcomes. As the UAE continues to evolve its tax framework, proactive and informed tax planning will remain crucial to financial success. And the best approach is to hire someone who can leverage the best in-time, trendy strategies to avail maximum tax benefits.

The United Arab Emirates (UAE) continued its strong position as one of the most favorable regions that supports financial opportunities. In 2024, the UAE will remain an appealing destination for those opportunity seekers who want to optimize their tax efficiency. To improve their bottom line and minimize tax liability, businesses implement strategic tax planning. In this article, we have disclosed some of the key strategies that are tax efficient for the UAE in 2024. Understanding the UAE Tax Environment in 2024 An audit is a business’s independent assessment of the financial data of any company, whether profit-oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon. In the UAE, audits are mandatory for most businesses to ensure adherence to financial regulations and to provide stakeholders with an accurate current and future projection of the company’s financial health. Essential Documents for Company Audit No Personal Income TaxAs of 2024, the UAE doesn’t levy any personal income tax on individuals (and is included in one of the few remaining countries without personal income tax). It means, the salaries, wages, and other personal income of individual residents will not be subjected to any tax and saved individual residents’ higher portion of earnings. That’s why the UAE continued to attract investors, expatriates, and high-networth individuals, as the best region to earn from. Corporate Taxation The United Arab Emirates (UAE) continues to steal the show in the dynamic landscape of global business, by not imposing federal taxes on most businesses. There are a few exceptions for foreign banks and oil companies. Especially, the induction of a 9 % tax on profits exceeding AED 375,000, following the implementation of the federal corporate law on taxation in June 2023. However, startups and small business ventures with profits below this benchmark still enjoy significant tax advantages, positioning the UAE as a hub for entrepreneurial activity.According to the UAE Ministry of Finance, this newly levied tax regime is expected to be advantageous in aligning the UAE’s corporate tax policies with international standards (IS), while the tax rates are still competitive as compared to global standards.Value Added Tax (VAT)VAT was introduced in the United Arab Emirates on 1 January 2018. The general VAT applies to most goods and services and it’s 5%, still one of the lowest VAT rates applicable globally. According to the Federal Tax Authority (FTA), VAT revenues have consistently grown in the last few years, reflecting the expansion of the economy and enhanced compliance among businesses. Strategies for Maximizing Tax Benefits in 2024 1.Leveraging Free ZoneThe UAE is a hub for business, offering over 40 free zones brimming with potential. These zones act as magnets for investment, thanks to their enticing benefits like tax exemptions and full foreign ownership. The advantages of operating in a free zone include… 0% Corporate Tax: A 0% corporate tax applies to the qualifying income of businesses recognized as a Qualifying Free Zone Person (QFZP). Customs Duty Exemption: Companies can import and export goods without incurring customs duties, reducing operational costs. Full Repatriation of Profits: Businesses can repatriate all profits and capital without any restrictions. In 2024, the Financial Times granted the Dubai Multi Commodities Centre(DMCC) the ‘Global Free Zone of the Year’ award, highlighting the continued favorable business environment and strategic benefits of UAE free zones. Credit: Financial Times’ fDi Magazine for the ninth consecutive year. 2.Taking Advantage of Double Taxation Avoidance Agreements (DTAAs)To avoid double taxation on the same income, the UAE has signed over 130 Double Taxation Avoidance Agreements (DTAAs). The benefits DTAAs offer include: Tax Credits: Individuals and businesses can claim tax credits in their  home country for taxes paid in the UAE. Reduction or Elimination of Withholding Taxes: DTAAs often reduce or eliminate withholding taxes on dividends, interest, and royalties. Permanent Establishment Protection: DTAAs are saving taxpayers by reducing the risk of double taxation and providing detailed guidelines to avoid creating a taxable presence in other countries. The strategic use of DTAAs can result in significant tax savings for multinational companies operating in the UAE. Report credit PwC -2024 3.VAT Planning and OptimizationTo minimize VAT liabilities and ensure compliance with government regulations, effective VAT planning is essential. These are the strategies for the sake: VAT Filing timely: Prevent penalties and interest charges, by submitting VAT returns on time. Record-Keeping accuracy: To get maximum relaxation, identify potential areas for VAT saving through detailed and accurate records of all transactions. Zero-Rating & Exemptions: Identifying transactions that qualify for zero-rating or exemptions can significantly reduce VAT liabilities. For example, exports and certain financial services are zero-rated or exempt from VAT. The FTA has emphasized heavily on the significance of VAT compliance, and announced more audits in 2024, to ensure businesses adhere to the regulations. 4. Utilizing Tax-Free BenefitsThe UAE offers various tax-free benefits that individuals and businesses can leverage to optimize their tax position: Tax-Free Salaries: The UAE cares for your maximum take-home income and helps individuals negotiate salary packages that include tax-free allowances, such as housing, education, and transportation. Tax-Free Investments: Income from certain investments, such as real estate and securities, is not subject to tax, paving the pathway of opportunities for tax-free capital gains. Retirement Planning: The UAE has set up tax-efficient retirement plans, such as end-of-service gratuity schemes, which can provide significant long-term tax benefits. Expatriates in the UAE save an average of 25-30% more of their income compared to their counterparts in high-tax jurisdictions, all thanks to tax relaxation of personal income and other tax-free benefits. Credit: Study by Deloitte -2024. 5. Effective Business StructuringFor tax optimization, choosing the right business structure is crucial. Some common business structures in the UAE include: Branch Office: Establishing a branch office can be a cost-effective way to enter the UAE market without the need for full incorporation. The office will benefit from the parent company’s tax advantages. Holding Company: Forming a holding company can help in consolidating management and finances, providing tax advantages such as

Conducting a company audit is not mandatory. However, it is an essential process to ensure your business’ financial statements and reports are accurate and reliable. In the UAE, where the business  sector is constantly evolving, understanding the requirements for any company audit in 2024 is a must. If you too want to have your operations compliance-ready and transparent, continue reading this blog. It acts as a comprehensive guide to the documents required for a company audit in the UAE in 2024, with helpful insights into the process and effective preparation tips. Introduction to Company Audits An audit is a business’s independent assessment of the financial data of any company, whether profit-oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon. In the UAE, audits are mandatory for most businesses to ensure adherence to financial regulations and to provide stakeholders with an accurate current and future projection of the company’s financial health. Importance of Audits in the UAE Let’s delve in the importance of having a company audits and multiple critical functions it serves: Compliance: Ensure end-to-end compliance with the existing UAE laws and regulations of the land. Transparency: Leverage a clear and accurate picture of the company’s financial status. Investor Confidence: Your business investors want to know the financial position and health of your company. The findings and reports created from the audit helps them understand your business financial position and demonstrates your accountability. Fraud Prevention: With no financial assessments, financial inaccuracies and frauds can go undetected for long. Detects and prevents fraud through examination of the financial records and internal controls. Financial Health: Not only does it help your investors but also the internal stakeholders and decision makers to understand the financial health of a company and make decisive plans. How to Prepare for a Statutory Audit A solid preparation is key to a smooth and effective audit process. Companies should start by gathering all necessary documents and ensuring that their financial records are up-to-date. Below is a detailed list of documents required for a company audit in 2024 in the UAE. Essential Documents for Company Audit 1. Financial StatementsFinancial statements are the most important element of any audit. These documents offer a snapshot of the business’s financial performance and current position. Balance Sheet: A balance sheet shows the company’s financial position at the end of the year, including assets, liabilities, and equity. It is essential for the auditors to assess the company’s financial stability. Income Statement (P & L Statement): Details all revenues, expenses, and the profits over the financial year. Auditors can evaluate the business’s profitability through its Income Statement. Cash Flow Statement: Provides insights about the cash inflows and outflows, enabling auditors to understand how cash is generated and utilised in your business. Statement of Changes in Equity: Shows the movements in equity over the firms’ reporting period, including any new investments (if any) by the shareholders or if it’s paid out any dividends to the dividend-holders. 2. General LedgerA general ledger is the company’s master document that records all financial transactions done by the company. It is important for auditors to check the accuracy and comprehensiveness of the business’s financial records. 3. Bank Statements and ReconciliationsThe Bank statements and reconciliation statements are needed to verify and compare the cash balances reported in your financial statements. Auditors can use these documents so all transactions are recorded accurately and that there are no discrepancies. 4. Invoices and ReceiptsInvoices and receipts of any sales or purchases can be used to verify the revenue and expenses. These documents enable the auditors to confirm the transactional validity and ensure that those are recorded in the appropriate accounting period. 5. Payroll RecordsPayroll records provide details about all employee salaries and wages, and other benefits given to employees. Auditors can review your payroll records to ensure compliance with the local labour laws in Dubai and verify the payroll expense accuracy. 6. Tax Returns and VAT FilingsTax returns and VAT filings statements are essential for verifying the company’s tax liabilities and compliance with tax regulations. Since the corporate tax of UAE was introduced, it is important to ensure all tax documentations are accurate and up-to-date. 7. Contracts and AgreementsContracts and agreements with customers, suppliers, and other stakeholders provide evidence of the company’s commitments and obligations. These documents are reviewed and cross-verified to ensure that all transactions are legitimate and properly recorded. 8. Fixed Asset RegisterThe company’s fixed assets register, including depreciation, acquisition dates, costs, and current values. It helps auditors verify the existence and value of the company’s assets. 9. Inventory RecordsInventory records detail the quantities and values of goods held by the company. These records are crucial for verifying the accuracy of inventory balances reported in the financial statements. 10. Minutes of MeetingsThe MOM or minutes of meetings for every board and shareholder meeting provides precise insights into your company’s decision-making processes, workflows and significant changes and events. It helps auditors understand the governance and strategic steps of the company. 11. Regulatory FilingsRegulatory filings with government bodies and industry regulators are necessary to verify compliance with local laws and regulations. These documents may include business licences, permits, and other compliance reports. 12. Insurance PoliciesThe company’s insurance policies cover multiple risks it faced. The document is reviewed to ensure adequate coverage and proper bookkeeping for all insurance expenses as well as claims. Sector-Specific Documentation Apart from the above stated documents, you need to keep a track of the documents and data relevant to your sector’s unique needs. For example: 1.Dubai Mainland Company SetupFor companies involved in Dubai mainland company setup, additional documentation can include—trade licenses, compliance with local business regulations, and proof of registered office. 2. DMCC Companies in DubaiThe DMCC companies in Dubai must provide specific compliance documents related to the Dubai Multi Commodities Centre regulations. This includes a proof of membership and compliance with commodity trading rules. 3. Hotel Business in DubaiIf you are running a

Corporate Tax, which is commonly known as CT, is levied on the company profits and is a hot debate topic among policymakers, economists and the founders and entrepreneurs. The Ministry of Finance introduced the federal Corporate Tax on business net profits on 1 June 2023 for the UAE region. It was first announced by MoF on 31 January 2022.  Several businesses see it as a burden on their net income. However, others find it a much-needed policy change for the benefit of the country. If you, too, want to learn more about the Corporate Tax in UAE, you are at the right place. Before we delve into the leading advantages of the Corporate Tax UAE, let’s understand the rates and nuances of this new tax.    Existing Rates of the Corporate Tax in Dubai, UAE As per the policy regulations stated by the UAE’s Ministry of Finance, here are the latest rates for the Corporate Tax. There are different types of loans, including working capital loan, POS Loan, Express loan, Inventory loan and Equipment business loan in UAE. Working Capital Loan Taxable Income Corporate Income Tax Rate Up to AED 375,000 0% (No Corporate Income Tax) Exceeding AED 375,000 9% Large companies meeting OECD criteria* Separate tax rate applicable Important Note: *In this, large companies or MNEs, refer to those that fall under the criteria under Pillar Two of the OECD (Organisation for Economic Co-operation and Development) Base Erosion & Profit-Sharing Project. For instance, companies that have a global revenue of more than 750 million or AED 3.15 billion. Express LoanTax Free Entities in the UAE’s Corporate Tax System Yes, you read it right.  A few entities are straightaway exempted from paying the Corporate Tax in UAE. This consists of 3 types of entities stated below: Specific categories of Investment funds NPOs or Non-Profit Organisations, provided they meet certain criteria and conditions Entities wholly owned by the government sector The following important question that arises is–which entities need to pay the CT in UAE. Tax Paying Entities in the UAE’s Corporate Tax System The UAE’s corporate federal tax implemented in Dubai applies to all commercial activities and businesses operating in the existing seven emirates.  Below are the two types of entities to which the CT does not apply: Businesses performing services that involve the extraction of natural resources Individuals who earn personal income, including investment returns or monthly salary income, are exempt from paying the CT until their revenue is generated from activities that don’t need the commercial activity licence.  Companies that are registered in the FTZs or Free Trade Zones and comply with all regulatory compliances are excluded from paying the Corporate Tax. This exclusion is applicable as long as it is not a Dubai mainland company setup. How is the Taxable Income Calculated for CT in Dubai This is a commonly asked question of most businesses and founders operating in the UAE and eligible for corporate tax payment. Your taxable income is calculated after reducing the allowable exemptions and expenses of the business’s gross profits. Interests paid on loans, asset depreciation, and operating expenditures are some of the expenses you can deduct from the business’s gross income.  In addition to the above, here is a list-view of all types of incomes that are exempted from the Corporate Tax: Profits generated from the Intra-group proceedings Net revenue generated from the reorganisation of groups Capital gains Dividend income received from a United Arab Emirates company via its shares held by the business For more information, you can consult AB Capital Services which will effectively guide you through the intricacies of the Corporate Tax applicable in Dubai and help pay your taxes. Top 5 Benefits of the Corporate Tax in UAE Coming to the most essential part – how is paying the corporate tax beneficial in 2024 and beyond. Trade and Working Capital Finance Solutions Tax Fairness: Corporate tax helps companies pay a fair portion of their taxes. Since it is calculated on the taxable income of businesses and corporations, it highlights a fair distribution of the geography’s tax burden.  Less Invasive: Compared to the personal income tax, corporate tax is more stable and effective. Moreover, keeping a tab on the corporate tax is simpler for business setup in UAE. This is because your tax consultant does not need to check the income of multiple households or individuals.  Economic Growth and Diversity: The corporate tax is a great mechanism to shield domestic industries from competing with foreign businesses. On the other hand, it encourages local businesses in the UAE through additional incentives given to them.  Relief to Small Businesses: For small businesses set up in UAE, the introduction of Corporate Tax is no less than a golden light. Firms with a revenue of less than AED 3 million in a year can decide to declare no taxable income. This is applicable for the period 1 June 2023 to 31 December 2026.  Enhanced Global Credibility: The implementation of the CT in the UAE, in addition to the international tax regulations, has helped boost the country’s reputation as transparent and regulation-compliant. As a result, this further attracts more foreign companies to expand in the UAE and improves international business networks and relations. Eligibility to Apply for a Business Finance In a nutshell, the introduction of the Corporate Tax in the Dubai, UAE is a great regulation for businesses and helps strengthen the country’s economic foundation and establishes a more sustainable foundation for its tax regime and growth.  Managing the CT calculation and payment can be challenging for businesses. However, you can rely on AB Capital’s business consultancy services. It is well known for its technical financial expertise and industry acumen, enabling businesses to drive their growth to new heights. Whether you need assistance with tax planning or a business setup in Dubai, we are there for you. Book a free consultation with the best business consultants in Dubai.