Our Value
The Ideal Structuring Jurisdiction
- Accessibility
- Economical & political weight
- Ease of starting and doing business
- Recognized financial centre
- Low – or no – tax
- Network of double tax treaties
- No taxes, no federal unique tax legislation, but each Emirate may have his own Fiscal Decree
- No Federal tax authority, but may be created for future VAT needs
- Municipal fees
- Exceptions: International banks branches, Hotels, Oil and Gas companies
- DTT Network
No taxes mean:
- No Corporate tax
- No Personal income tax
- No Capital gain tax
- No Withholding tax
- VAT planned and announced in the UAE as of 2018. 3 to 5% (Source: Emirates News Agency, 16 January 2016)
- No Inheritance tax
EXCEPTIONS (Limited direct and full indirect taxation exists)
- Social security applicable only to nationals
- Municipality charges on: Individuals, Hotels and Restaurants
- Real Estate transfers
- License fees
- Custom Duty 5%, unless FZ or 40% GCC origine. Custom deposit may apply, refundable
- All companies are taxable (from 0 to 55%)… Practically, only:
- Oli and Gas
- Hotels
- Restaurants
- Branches of International Banks
- Property taxes, 5 to 10% of rental income