Key Takeaways:

• 100% foreign ownership is now permitted for most mainland and all free zone companies, significantly easing prior restrictions.
• Corporate Tax (CT) at 9% on profits over AED 375,000 applies federally, with Free Zones potentially maintaining 0% on “qualifying income.”
• Value Added Tax (VAT) at 5% is a standard indirect tax, requiring registration for businesses exceeding AED 375,000 annual turnover.
• Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations are rigorously enforced, impacting bank account opening and ongoing operations.
• Labor Laws are comprehensive, governing employment contracts, working hours, wages, and end-of-service benefits.

Dubai’s reputation as a global business hub is built not only on its economic dynamism and strategic location but also on its evolving regulatory framework designed to attract and protect investors. For anyone planning a Business setup in Dubai, understanding the regulations is not merely a formality but a critical component of sustainable success. The … Continue reading >>>