Tax residents enjoy several benefits in the United Arab Emirates (UAE), including tax exemptions, low corporate taxes, free trade zones, visa-free travel, and a high quality of life. One of the most important benefits of tax residency in the UAE is obtaining a Tax Residency Certificate (TRC).
Setting up a business in Dubai has never been easier, thanks to the expert guidance of Jumeira Consultants. As a premier business setup consultancy, Jumeira Consultants has streamlined the process of business formation in Dubai,
Dubai has emerged as one of the world’s most attractive destinations for investors, offering a robust economy, world-class infrastructure, and a strategic location at the crossroads of Asia, Europe, and Africa.
Understanding the concept of tax residency and its implications is crucial for individuals and businesses in the United Arab Emirates (UAE). In this blog, we will explore the Tax Residency Certificate (TRC) in the UAE,
The implementation of corporate tax has significantly altered the tax structure of the United Arab Emirates (UAE). Companies, groups, and individuals using a commercial license are now subject to this corporate tax on earnings.
The UAE Cabinet of Ministers issued Decision No. 85 of 2022 on 9th September 2022, which sets a new domestic definition and criteria for determining whether an individual or a legal company is a Tax Resident of the UAE for UAE tax law.
In a historic act, the Federal Tax Authority (FTA) of the UAE has released its most anticipated corporate tax law. The Federal Decree-Legislation No. 47 of 2022 on Taxation of Corporations and Businesses,