We fully support
for incorporation
and immigration
in Dubai by mail!
0% corporate tax rate!
What is Dubai Free Zones?
In the UAE, there is special economic zones (Free Zones) that can be established with 100% foreign capital and 0% corporate tax rate.
Currently, there are nearly 45 free zones in the UAE, most of which are in Dubai. Each provides its own tax incentives, with corporate tax exemption periods varying from 15 to 50 years.
Dubai’s tax is changing
However, the UAE Ministry of Finance announced that it would introduce
a new 9% corporate income tax in the UAE from the business year beginning on after June 1, 2023.
The UAE has also introduced a value-added tax (VAT) in January 2018,
and changes have been made gradually since the days of 0% corporate tax.
On the other hand, the UAE's 9% corporate tax rate is not introduced in all sales.
If the annual taxable income is less than 375,000 dirhams, the corporate tax rate is 0%,
and if the annual taxable income is more than 375,000 dirhams, the corporate tax rate is 9%.
If the annual taxable income is less than 375,000 dirhams
0%
if the annual taxable income is more than 375,000 dirhams
9%
In addition, corporate tax is exempted for the following income:
- Dividend income from UAE companies
- Capital gain
- Profits from group reorganization
- Profits from intra-group transactions
Moreover, the UAE government creates free trade zones and they promised that companies in free trade zones will pay 0% corporate income tax until the end of the exemptions period, as long as they do not do business on the UAE mainland.
Inevitable Changes
We fully support for incorporation and immigration in Dubai by mail.
However, please note that 0% corporate tax is limited to the period.
While there are certainly conditions under which the 9% corporate tax rate does not apply, it is a fact that Dubai has changed from its previous 0% corporate tax rate.
A country beyond Dubai!?
So now we have found a country that is different from Dubai and has the same status as Dubai of old.
It is one of the countries of Tax Haven in Africa, and the country has the following characteristics:
- Shareholders are not registered with the government
- No need to register a company representative
(corporations without a representative director) - Corporate tax rate 0
- No accounting processing required
- CRS non-member state
(no registration scheduled)
- Shareholders are not registered with the government
- No need to register a company representative
(corporations without a representative director) - Corporate tax rate 0
- No accounting processing required
- CRS non-member state
(no registration scheduled)
Japan’s First!
One of the Tax Heaven in Africa!
It sounds like a lie, but it is true. While there are advantages to incorporating in Dubai, you may also want to consider incorporating in this country at the same time.
Application
If you require any further information about our service (establishing cooperation and immigration in Dubai / establishing of a corporation and open corporation bank account in African Tax Heaven), please feel free to contact us as follows.