I'm thinking of closing fzco and go with statrys for a company with business bank account in Hong Kong.Are you thinking of closing your UAE business or already close down after New Corporate Tax ?
Fred today close down his DLS Dubai..
What is your status
Why do you say until it goes into effect? Isn’t it in effect June 1? Also did you register yet?I'm thinking of closing fzco and go with statrys for a company with business bank account in Hong Kong.
Just need be careful with current residence.
If Fred shutdown his business, it means this 9% tax nightmare is real. No hope. Soon they will announce it and start monitoring everything.
I'm going to run my fzco until 9% tax goes in effect. Then I close.
Because they mentioned qualified activities and I remember Fred said that Marketing activity is not subject to tax.Why do you say until it goes into effect? Isn’t it in effect June 1? Also did you register yet?
I did that already today, they have zero ideas and said 50 years 0% tax exemption is for those free zone companies that have qualifying activities and compared to other countries it still is very low and should be availed by everyone. I asked what about existing free zone companies, will there be any grandfather clause, which they aren't aware of?Because they mentioned qualified activities and I remember Fred said that Marketing activity is not subject to tax.
Register by myself on that website they published. I am not sure yet. I prefer to go to ifza and ask them what to do.
Yup, It's a total clusterf**ck. BTW, IMHO, 9% CIT would be on profits, and if it's less than 375000 AED, then 0% tax. There can be creative ways around this.Marketing, they said no idea ?
For IFZA you can Whatsapp them and they will arrange a 1on1 with a consultant or you can call their Call Center.Marketing, they said no idea ?
But mate this isn't the truth you arrived 15 days ago and got full served with PRO Service, Emirates ID and Residence Visa. Need to check if Business Banking is done from Bettina but should be done as well latest by next week.I was just comes to dubai 15 days ago to finish setup company with DLS Dubai... Now I got his email.... don't known what happened and who will take care for it?