top of page

United Arab Emirates

Delivery:

Price: $

Payment methods:

payment methods.webp
UK comapny formation (1).webp

About

United Arab Emirates

Capital
Official languages
Population 
Currency

ISO 4217

Abu Dhabi

Arabic and English

9.89 million

United Arab Emirates Dirham

AED

Document checklist:

Process

Economy

The United Arab Emirates (UAE) is a small but prosperous country in the Middle East. It has a population of 9.8 million people and a GDP of $414.2 billion, making it the 33rd largest economy in the world. The UAE has a strong and diversified economy, with a focus on oil and gas, tourism, and financial services. The country has a high level of foreign direct investment, with $10.3 billion in 2018. The UAE also has a strong banking sector, with total assets of $1.2 trillion in 2018. The UAE has a low unemployment rate of 2.2%, and a high level of economic freedom, ranking 11th in the world. The UAE is also a major trading partner, with exports totaling $269.2 billion in 2018. Overall, the UAE has a strong and diversified economy, with a focus on oil and gas, tourism, and financial services.

Taxation

The United Arab Emirates (UAE) is known for its tax-friendly environment, with no personal income tax or corporate tax in most cases. However, there are some exceptions, and it's important to understand the tax laws and regulations in the country.


In the UAE, the federal government imposes taxes on certain goods and services, including excise tax on certain goods such as tobacco and sugary drinks, as well as value-added tax (VAT) on most goods and services, except for a few exempt items.


Regarding corporate tax, there is no federal corporate tax in the UAE, although certain businesses may be subject to taxes in certain emirates or free zones. For example, companies operating in the oil and gas sector may be subject to a 55% tax on their profits in Abu Dhabi, while companies operating in certain free zones may be subject to a flat tax rate of 5%.


In terms of tax payment, companies and individuals are required to register for VAT if their annual turnover exceeds AED 375,000 (approximately USD 100,000), and they must file VAT returns on a regular basis. VAT returns must be filed online through the Federal Tax Authority's website, and payments can be made electronically through various channels. Companies may also be required to file corporate income tax returns in certain cases, which can vary depending on the emirate or free zone where they operate.


The tax calendar in the UAE is based on the Gregorian calendar, with VAT returns typically due on a quarterly basis, and tax payments due within 28 days of the end of the tax period. However, it's important to note that tax laws and regulations in the UAE are subject to change, so it's recommended to consult with a tax professional or the relevant authorities for the most up-to-date information.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page