Company Formation
Understanding the different business structures in the UAE such as LLCs, Partnerships, PJSCs, Branch Offices, and more will help you make the right decisions. From the dazzling skyscrapers of Dubai to the stunning beaches of Abu Dhabi, the United Arab Emirates (UAE) has become a beacon for foreign investors seeking new horizons. The secret behind […]
Priya Antony · 14 Mar 2024 · 12 minRead →
Tax
UAE Corporate Tax FAQs: What are the deductible expenses, who can claim the deduction, how to claim the deduction, which expenses are non-deductible, what is a QPBE? Which expenses can be deducted for deriving the Taxable Income for the purpose of UAE Corporate Tax? Generally, all business-related expenses can be deducted during the relevant tax […]
Ajay Denny · 13 Mar 2024 · 4 minRead →
Corporate and Commercial
As per the UAE Corporate Tax Law, all businesses registered under Corporate Tax must submit their annual tax return within nine months from the end of its financial year. Consequently, for companies and individuals with a financial year ending on December 31, 2024, the deadline to file their Corporate Tax return is September 30, 2025. […]
Ajay Denny · 4 Mar 2024 · 10 minRead →
Corporate and Commercial
Members in a Tax group do not have to file separate Tax returns; the Parent entity can file a single tax retun on behalf of them all. The income and losses derived from individual entities are set off against each other. The UAE Corporate Tax Law considers two or more Juridical taxable persons as a […]
Ajay Denny · 4 Mar 2024 · 13 minRead →
Corporate and Commercial
UAE’s commitment to fostering a robust and dynamic e-commerce sector by setting clear guidelines and standards for online trade. Drafted to streamline operations, reduce bureaucratic hurdles, encourage innovation and provide conducive environment for e-commerce businesses. The law applies to those free zones that lack specific legislation to regulate trading through technological means. Delineates the rights […]
Aparna T Nambissan · 20 Feb 2024 · 8 minRead →
Arbitration
A look at the fate of existing DIFC-LCIA arbitration clauses after Dubai’s Decree 34 of 2021 dissolved the DIFC-LCIA and transferred its functions to the DIAC (Dubai International Arbitration Centre). In a recent development in the sphere of international dispute resolution, a United States court has refused to enforce a Dubai International Financial Centre-London Court […]
Jerome Jose · 17 Feb 2024 · 6 minRead →
Corporate and Commercial
The UAE is introducing its Corporate Tax this year, and it’s crucial for partnership firms and family trusts to understand how it impacts them. Here’s a simplified breakdown. What is a Partnership Firm A partnership is a legal arrangement where two or more persons agree to manage, operate and share the profits of a business. […]
Ajay Denny · 16 Feb 2024 · 6 minRead →
ADGM
A guide to job visas and work permits in ADGM: The types of visas and work permits, the procedures and documents needed to secure them.
Aparna T Nambissan · 8 Feb 2024 · 9 minRead →
Company Formation
Bharat Mart, India’s proposed warehousing facility in the Jebel Ali Free Zone, is expected to be functional by 2025. It allows Indian exporters to showcase their products under one roof. Now they can serve UAE markets, GCC countries, and global markets. In the ever-evolving landscape of global retail, the introduction of Bharat Mart in the United […]
Aparna T Nambissan · 1 Feb 2024 · 6 minRead →
Corporate and Commercial
A majority of tariff lines will be subject to 0% customs duties. Other tariff lines will undergo phased elimination of customs duties over 5, 7, and 10 years. Introduces an invoice declaration of origin tailored for approved exporters. Collaborative efforts are underway to address Technical Barriers to Trade (TBT). Commits to implementing Authorized Economic Operator […]
Jerome Jose · 25 Jan 2024 · 7 minRead →