Lucie Lachaux

When comparing taxes in the UAE and the UK, some significant differences can influence where businesses and individuals choose to establish themselves. #flyingcolour #uktax #uaetax #corporatetax #taxbenefits #businesssetup

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Dear friends, owners, and managers of companies registered in the UAE — whether operating or not yet operating! We would like to remind you that if your license was issued in January or February (of any year), there is very little time left to register for corporate tax (check the deadline with us or your tax advisor) to avoid a penalty of AED 10,000 — so don’t forget to do it this week before June 1, 2024. If your license was issued in other months, you don’t have much time left either, and it’s better to do it in advance! Follow the laws and avoid paying needless and foolish fines. If you need assistance, please contact us as we are always ready to help! [email protected] #taxes #uae #corporatetax #arabpartners

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Ready to Launch Your Business in the UAE? Now With just USD 1600, you can tap into a world of opportunities with remarkable advantages! UAE Free Zone Business Setup Advantages 🔸 Tax Exemption: Say goodbye to corporate taxes eating into your profits. Enjoy the freedom of tax exemption, allowing your business to thrive and grow without the burden of hefty tax bills. 🔸 No Import or Export Duties: Save big on import and export costs! With no duties to worry about, you can focus on expanding your business globally without breaking the bank. 🔸 100% Repatriation of Capital and Profits: Your hard-earned money should stay where it belongs - in your pocket! Experience the freedom of repatriating 100% of your capital and profits without any hassle. 🔸 No Withholding Taxes: Keep every penny you earn! Bid farewell to withholding taxes and enjoy the full fruits of your labor. 🔸 Longer Tax Holidays: Who doesn't love a holiday? Enjoy longer tax holidays, giving you ample time to reinvest and strategize for future growth. 🔸 Streamlined Business Operations: Say hello to efficiency! Free zones offer streamlined processes, making it a breeze to set up and manage your business operations with minimal red tape. 🔸 Networking Opportunities: Connect, collaborate, and conquer! Free zones provide unparalleled networking opportunities, allowing you to build valuable connections with like-minded entrepreneurs and industry leaders. 🔸 Trade Connectivity: Access global markets with ease! Benefit from strategic locations and excellent trade connectivity, positioning your business for success on the international stage. 🌍 With these advantages at your fingertips, starting your entrepreneurial journey in the UAE has never been more enticing. Don't let this opportunity pass you by! 💡 Get in touch today and unlock the endless possibilities awaiting you in the UAE's vibrant free zones. Reach us at +971526462959 to know more. #BusinessOpportunities #Entrepreneurship #UAEBusiness #FreeZoneAdvantages #TaxIncentives 🚀

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Curious about the tax implications for businesses in Dubai? 🤔 Understanding the variances between mainland operations and free zones is crucial. In the mainland, businesses encounter a 5% VAT and a 9% Corporate Tax, affecting those with profits surpassing AED 375,000 (USD 100,000). Notably, there is no income tax for mainland businesses. 🏙️💼 Conversely, free zones offer substantial tax benefits 🌟 with perks like 100% exemptions from corporate tax, customs duty, VAT, and income tax. Moreover, they facilitate the repatriation of capital and profits. 🌐💰 #DubaiBusiness #TaxImplications #FreeZoneAdvantages #MainlandVsFreeZone

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Dubai Company Setup: The Boldest Price Guarantee—We Dare You to Find Better At Europe Emirates Group, we're so confident in our pricing that we’re making the boldest offer in the market: Find a cheaper price, and we’ll beat it by 10%. No fine print, no gimmicks—just the best deal you can get, guaranteed. Why Choose Us? 25+ Years of Industry Dominance: We’ve mastered the art of company setup in Dubai. Our experience is unmatched. Radical Transparency: Clear, upfront pricing. No hidden fees, no surprises. Premium Service: We deliver top-tier service at unbeatable rates—no cutting corners, just cutting costs. The Challenge Is On Think you’ve found a better deal? Bring it to us. We’ll beat it by 10% on the spot. No one else dares to make this promise because they know they can’t compete. Ready to Save? Contact us now. Get the best price, the best service, and the best experience. Anything less isn’t an option.

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🌍 Invest Smart, Save More! 🌍 Are you an international investor looking to optimize your tax liabilities back home? The UAE's favorable taxation framework offers unique opportunities for global investors to minimize their tax burden. Here’s how: ✅ Low Corporate Tax & No Personal Income Tax: The UAE offers a 9% corporate tax on profits above AED 375,000, while personal income remains untaxed. This allows international investors to structure their investments efficiently and take advantage of the UAE’s favorable tax environment. ✅ Double Taxation Treaties (DTTs): The UAE has over 100 DTTs with various countries, allowing investors to avoid being taxed twice on the same income. ✅ Holding Companies & Foundations: By establishing holding companies or foundations in the UAE, you can streamline wealth and asset management while leveraging favorable tax laws. ✅ Dividend Repatriation: With minimal or no withholding taxes on dividends, investors can repatriate profits to their home country with greater tax efficiency. 🔑 Pro Tip: Collaborating with tax professionals to explore UAE’s DTTs with your home country can help maximize your global tax strategy. Let’s discuss how Flyingcolour can assist you in taking advantage of these benefits! #TaxOptimization #UAEBusiness #GlobalInvesting #TaxEfficiency #DTT #Flyingcolour

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The hidden tax benefits for UAE businesses you didn't know about: Many UAE businesses are unknowingly missing out on substantial tax benefits. Here are 3 benefits you might be overlooking: 1. R&D incentives in certain free zones 2. Customs duty exemptions on specific raw materials 3. Tax treaties benefits for international operations These opportunities often go unnoticed due to lack of awareness. If you want to ensure you're not missing out on tax benefits, try LANA for 30 days for free. Link in bio.

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My comments on deadline of first tax return for companies incorporated on June 2023 is being published today ! Companies in the UAE are still in the process of registering for corporate tax or have already done so – but for one bunch of businesses, it’s already time to file their tax returns. That’s right, for companies incorporated in June 2023 and if their Financial Year is January - December, 30th September 2024 is the deadline for filing the tax return .In other words, a full 12 months before the majority of companies in the UAE get around to filing their tax returns for the financial year 2024. This is how it works: For instance, if the company was incorporated on June 7, 2023 and with a financial year from January 1 to December 31, the first financial year of the company will be from June 7, 2023 to December 31, 2023. That is for a period of 6 months and 24 days. “The first financial statements for this company will be prepared for the same period, as per the Commercial Companies Law. Under the corporate tax law, if the company is a taxable person , its first tax period will be the same as the first financial year, which is from June 7, 2023 to December 31, 2023, and the tax return must be filed by September 30, 2024.” Obviously, it will be new businesses and corporate entities incorporated in June of 2023 that will need to meet the end September deadline. They will need to keep these details in mind: • For late submission, there is a Dh500 fine for each month for the first 12 months after the due date, and Dh1,000 for each month thereafter. • Failure to settle tax: A monthly penalty of 14% per annum on the unpaid tax amount, accruing from the day after the payment due date. “The tax return is open for companies incorporated in June 2023,” said Sumayya. “This requirement aligns with the implemented corporate tax regulations and public clarifications from the Federal Tax Authority (FTA).”

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Hey LinkedIn fam! I'm helping some friends on an AI tool that completes tax filing and bookkeeping in minutes (not weeks), for UAE business owners, freelancers or professionals who regularly do these tasks. Bookkeeping is such a pain when I started my first business. It was something that my partners and I hate doing every end of the month. 😵‍💫 Please comment down below or DM me if you or someone you know is facing the same challenge with tax filing and bookkeeping. Any help is much appreciated!🙏🏽

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🌟 Important Reminder: Corporate Tax Registration 🌟 Dear Business Owners, If you haven't yet registered your company for Corporate Tax (CT) in the UAE, now is the time! Avoid the risk of penalties and ensure compliance with UAE regulations. 🚨 Why act now? - Avoid a potential AED 10,000 penalty 🚫 - Stay compliant and protect your business 📜✅ - The registration process is quick, and we’re here to assist you every step of the way 🤝 Don’t wait until the last minute—take action today and secure peace of mind for your business operations! For more details, contact us at +971 545 444 888. If you need any help or guidance with the Corporate Tax registration process, feel free to reach out. We're here to support you! 😊 #CorporateTax #UAECompliance #TaxRegistration #BusinessSuccess #UAERegulations #OxbowCorporateServices

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This is interesting, we have seen UAE following the footsteps of other GCC countries for taxation. If this happens, it will be indeed a big step for UAE. #uae #personaltax #incometax #taxation #gcc #expats #expattaxation #internationaltaxation

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Accounting and Bookkeeping Services in the UAE. In the rapidly developing economy of the United Arab Emirates (UAE), the importance of quality accounting services is becoming increasingly significant. Accounting and bookkeeping play a crucial role in managing company finances, ensuring transparency and compliance with regulations, which is especially relevant for foreign investors and entrepreneurs. Why is Accounting Important in the UAE? Compliance with Legislation: The UAE has strict rules and regulations in financial reporting. Companies are required to maintain accurate records and timely submit financial statements. Optimization of Tax Payments: Proper bookkeeping allows for the minimization of tax liabilities and helps avoid unnecessary penalties. Financial Management: Quality accounting services help business owners better understand their company's financial status, facilitating more effective decision-making. Support for International Operations: For companies operating in international markets, it is crucial to have a clear understanding of financial operations and tax obligations in different jurisdictions. Our Services: Bookkeeping: Comprehensive services for maintaining records of all financial transactions, including bank transactions, invoices, and expenses. Preparation of Financial Statements: Compiling balance sheets, income statements, and other essential documents. Tax Planning and Consulting: Assistance in preparing tax returns and strategies to minimize tax risks. Auditing Services: Conducting independent audits of financial statements to ensure accuracy and compliance with standards for license renewals, liquidation, and tax reporting. Corporate Governance Consulting: Support in management and strategic planning, which is especially important for startups and new companies entering the market. +971 56 120 01 01 [email protected] https://hafsgroup.com/ H A F S Corporate Services Provider Co. #Dubai #UAE #accounting #bookkepping #hafsgroup

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Unlock Your Business Potential in UAE Free Zones Navigating the complexities of operating a business in a UAE Free Zone can be challenging. That's why our Corporate Compliance Team at Europe Emirates Group is here to help. With the introduction of the new Corporate Tax Law and relevant regulations by the FTA, staying compliant has never been more crucial. Our expert team is dedicated to guiding you through every aspect of these regulations, ensuring your business not only remains compliant but also thrives. From understanding the latest tax implications to implementing necessary changes, we offer comprehensive support tailored to your specific needs. Don't let regulatory hurdles impede your success. Contact our Corporate Compliance Team today to ensure your business is fully compliant and positioned for growth in the UAE Free Zones. Contact us now to benefit from our expertise and safeguard your business's future.

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Why Setting Up Your Business in the UAE Offers 100% Tax-Free Earnings and a Transparent Legal System If you're thinking of setting up a business, doesn’t it make sense to do it in a place where you can enjoy 100% tax-free earnings and understand the legal system? The UAE offers just that by combining elements from UK Common Law, EU Law, and traditional Civil Law, creating a robust business environment for both local and international enterprises. Originally focused on Shariah and Civil Law, the UAE now also includes Common Law principles, making it easier for businesses to thrive, especially in free zones like ADGM and DIFC. Influences on UAE Law Common Law: - Consistency: Courts follow previous decisions, ensuring predictable outcomes. - Flexibility: Judges use past cases to interpret laws. - Contract Freedom: People can negotiate contracts freely, as shown in a 2013 court case emphasizing mutual consent. Civil Law: - Structured Laws: UAE laws are clearly written and cover many areas. - French Influence: The UAE’s legal system borrows from French law, especially in contracts and liability for harm. EU Law: - Competition: UAE laws prevent monopolies and ensure fair competition, similar to EU rules. - Data Protection: The UAE’s data laws protect personal information, much like the EU’s GDPR. Judgment Enforcement: The UAE and the UK have agreements to recognize and enforce each other’s court decisions, making legal cooperation easier. Conclusion By blending different legal traditions, the UAE has created a flexible and sophisticated legal environment. This supports its growing business landscape and makes it a top choice for global investors. Understanding this unique system is key for anyone doing business in the UAE.

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Here’s why obtaining a TRC can be a game-changer for businesses and individuals: ➡ Tax Efficiency: By leveraging DTAAs, companies and individuals can avoid paying taxes twice on the same income in different countries, significantly enhancing global tax planning and profitability. ➡ Eligibility: Both companies and individuals residing in the UAE for at least 180 days are eligible to apply for a TRC. This includes those operating in free zones, offering even more flexibility to businesses. ➡ Global Reach: The UAE has DTAAs with key markets across Europe, Asia, and beyond, giving businesses the ability to expand globally while optimizing their tax obligations. ➡ Simple Process: Applying for a TRC in the UAE is straightforward, requiring proof of residency, business activity, and relevant documents for companies or individuals. ➡ 1-Year Validity: The TRC is valid for one year and can be easily renewed, ensuring continued tax benefits under the UAE’s treaties. If you're conducting international business, the UAE TRC is a powerful tool to help you streamline your tax strategy and enhance financial outcomes!

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Khaleej Times has launched a new initiative to offer readers expert insights about the impact of VAT and Corporate Tax on UAE’s businesses. Being an expert, associated with “Khaleej Times”, please find my comments where businesses are engaged in buying and selling second-hand goods in the UAE. I have addressed, is it possible for the businesses to pay VAT on the net margin to the FTA to remain competitive in the market, or they are required to apply VAT on the gross sales price? If they are permitted to apply VAT on the net margin for second-hand goods, then: •⁠ ⁠On which goods they can apply the profit margin scheme? •⁠ ⁠What are the preliminary conditions to apply the profit margin? •⁠ ⁠How can they comply with and report the numbers in their VAT return? https://lnkd.in/dahgEP5x #VAT #profitmarginscheme #uae #fta

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Investing in the UAE? Here’s What You Need to Know About Taxation! The UAE is known for its investor-friendly environment, and one of the key advantages is its tax system! Here's a quick breakdown: ✅ No Personal Income Tax ✅ No Capital Gains Tax ✅ Corporate Tax at 9% on net profits above AED 375,000, effective from June 2023 ✅ VAT at 5% on most goods and services For businesses, this means maximizing profits while benefiting from a low-tax regime. Ensure your investments align with the latest regulations to make the most of this unique landscape! Need guidance to understand private clarification Tax? Let’s connect! Contact us to get more information 📞 +971 581547098 or Email us 📧 [email protected] ,visit us 🌐 www.flyingcolourtax.com #VAT #BusinessSuccess #Compliance #flyingcolourtax #taxexpert #consultancy #privateclarficationtax #taxexperts

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Set up your company in the UAE with 0% corporate tax! Looking to expand your business to a tax-friendly jurisdiction? The UAE offers a 0% corporate tax rate for qualifying businesses. Reach out to us today to understand the implications and how we can help you navigate the process smoothly. 📞 +971 581547098 🌐www.flyingcolourtax.com 📧 [email protected] #corporatetaxregisteration #corporatetaxreturnfilling #newupdate #ftarules #taxlaws #taxexperts #taxadvisor #businesssetupexpert #businessincorporationadvisory

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