Update – Company creation in Dubai

corporation tax in the United Arab Emirates

Everything you need to know about the new tax.

Introduction

A new corporate income tax has been introduced in the United Arab Emirates.

If you are a business owner in the UAE, you probably have several questions, including:

  • What are the news administrative obligations for your company?
  • Is your company subject to this new tax?
  • How much will you have to pay and are there any waiver options?

MAJ, our leading multidisciplinary firm specializing in tax advice, had the honor of being chosen by the local authorities to raise awareness and inform the local public about the introduction of this tax, and to provide an accurate interpretation of this new fiscal framework.

We are committed to providing you with responses clear et concise to these questions on this page.

 

The new bonds

  1. Register for corporation tax
  2. Keep an accounting in accordance with IFRS standards
  3. Complete your corporate tax return
  4. Have your accounts audited 

WebinarCorporate profit tax

  • Your company's new obligations
  • The companies in free zone are they taxed? 
  • How to take advantage of tax exemptions
  • Tax calculator payment processing

Will my company be taxed?

MAJ has designed an optimized tax calculator that allows you to simulate the amount of your tax payable based on many criteria specific to your unique situation.

GetThe total cost of your tax in two minutes

Our support offers

Click on services to find out the details

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DiscoverThe MAJ agency

We are a team of lawyers, accountants, tax specialists, bankers, project managers and local Emirati agents.

As agents of more than 500 companies, we excel in administrative management and financial optimization. Specialized in the e-commerce industry, we assert ourselves as the best allies of entrepreneurs in this sector.

Ishan GUPTA

Director of the banking department
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Maxime GAUTIER

General manager
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Raphael LANCOURT

tax expert
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Project manager
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Kareem AL SUDAIN

Emirati Agent & DED Specialist
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FAQthe most frequently asked questions.

Are you tired of offers that lure you in with low prices, but increase dramatically once your business starts?

MAJ meets this need by offering you complete and unlimited management of your accounts. This includes all the aspects necessary for the proper development of your business, without any mandatory subsequent additional costs that other agencies prefer not to mention.

For example, to close your company, an audit is necessary. It is therefore pointless to quantify an offer without this audit to artificially reduce the amount of support, in order to force you to pay these costs later.

All companies registered in Dubai and in the United Arab Emirates in general are affected by the corporate profits tax. This includes local businesses registered in mainland and freezone, whatever their status (LLC, Sole-proprietor, Freelance, etc.), as well as foreign companies.

Support services for the new corporate income tax in the United Arab Emirates include tax registration assistance, IFRS bookkeeping, tax return preparation and audit of accounts.

Hiring a professional like a Chartered Accountant or Tax Specialist to handle UAE corporate income tax can help ensure tax compliance, avoid penalties, save time and effort, and allow entrepreneurs to focus on the heart of their business.

Selecting the right corporate income tax support service in the United Arab Emirates takes into account several factors, such as experience, knowledge of local tax regulations, reputation, and cost.

IFRS accounting is important because it ensures that a company's accounts are presented in a transparent and consistent manner. It is now mandatory for all businesses in the United Arab Emirates following the introduction of the corporate income tax.

To ensure that your business complies with the corporate income tax rules in the United Arab Emirates, you can hire a professional who understands the tax requirements and can help you comply with them.

If your company fails to comply with the corporate income tax rules in the United Arab Emirates, it can face severe penalties, including fines and penalties.

Auditing accounts can help your business comply with UAE corporate income tax rules by identifying errors or inconsistencies in your accounting, which may allow you to correct them before submitting your tax return. 'tax.

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