Well - then you can opt for being handled as a Mainland Company - no need for auditing and 3M AED small business relief - 0% tax till 01.01.2027.
@Au999 mentioned this yesterday here but we have the impression no one really realized it or did understand it:
Ignoring the corporate tax issue covered at length elsewhere but is there not now a big greenlight on Dubai FZ companies dealing with onshore companies and people? Before it seemed to be a major no-no but now it's covered in tax law saying it's fine and you just need to pay tax on those...
www.offshorecorptalk.com
We gonna call this in our new blog article in the upcoming days "Escape-clause"
See here - Ministerial Decision No. 82 of 2023
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So what you do then in the decision making process in the first step is "NO" to Qualifying Freezone Person and you are opting to become a Mainland Company with No Audit requirements, 3M AED small business relief till 01.01.2027 an first 100k$ Profit Tax Free.
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We gonna call this in our new blog article "Escape-clause".
Correct - average business has 15% profit margin - for "Small Margin Business" we would recommend the earlier mentioned "worst case tax" and for "High Margin Business" the "Escape-clause".
Not at all but as our sticky get's either ignored away, not recognized or frames as "DLS Dubai" can't be neutral - we mention you based on your comments how the reality looks like.
Again our statement is:
We assume that the Excluded Activities is an exhaustive list, and that the activities not mentioned automatically belong to the Qualifying Activities.
This results in a Free Zone Company (FZCO) having a 0% Corporate Tax Rate.
Why?
Because everything else doesn't make any sense if you make yourself familiar with the vision of the UAE leaders.
Do they want to attract companies producing metal goods or do they want Blockchain Startups, AI and everything which is actually coming up?
Do they plan to have Air Taxis or are they planning to have again Public Rides on Camels as an Taxi Replacement?
Just see the Vision 2030:
en.wikipedia.org
Some of you even mention it themselves:
So again our Blog Article will be structured in 3 points:
1. Our statement and why we see the things we do
2. "Escape-clause"
3. "Worst Case Tax"
For everyone who after this Blog Article still thinks that Dubai FZCO is dead - well then let us know how your life goes in Cayman Islands, Bahamas or Vanuatu and even the Banking Situation would be interesting. Maybe some of you guys would then relocate to Bermuda or Somali - I doubt that some Talabat Rider there delivers you in the night tooth paste or some Pakistani washs your car 4 times a month for 25$ but 0% Tax it's then for sure.
EDIT:
Just posted and literally 10 new comments -
@alessio yes that's typical for forums but don't worry most our clients think like you do - it's just unusual that they take the time to fight ghosts in a forum - I do of course as this is part of the business however at some point you gonna call it a day as real life is more important.
@Konstanz if someone checks all your posts he gonna see that you are bashing UAE since the beginning we are around - all good from my side as well - no bad feelings.
But
@Konstanz honestly in your earlier post you claim I'm using fake accounts and in the next post you are like "No one blames him of nothing. At least me" - Come On
@bedouin you were earlier in this thread not amused that IFZA didn't sent you any e-mail in regards to CT - just look around - no Freezone did so far - they have a roundtable next week Monday as they have for there own taste too less information to make an Official Statement - no one did - no DMCC, no JAFZA etc.
We can do this as a Private Company in a faster and more straightforward way - especially in a Forum like here.
