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Corporate Tax Registration Timelines in the UAE: Essential Insights for Businesses

by PREMA Team | Jun 7, 2024 | Uncategorized

The Federal Tax Authority (FTA) in the UAE has established detailed timelines for the registration of taxable persons under the Corporate Tax Law. Understanding and adhering to these timelines is crucial for businesses operating within the UAE to ensure compliance and...

Abu Dhabi launches the unified economic licence to streamline business setup across free zones

by PREMA Team | Jun 7, 2024 | Uncategorized

Abu Dhabi: The Abu Dhabi Department of Economic Development (ADDED), in collaboration with the Abu Dhabi Free Zones Council, launched a Unified Economic License in Abu Dhabi, ADDED announced on Thursday. The new initiative unifies procedures for registering economic...

Dh10,000 fine in UAE: Firms reminded of June 30 deadline for corporate tax registration

by PREMA Team | May 31, 2024 | Corporate Tax

UAE residents subject to corporate tax with licences issued in March and April — regardless of the year of issuance — must submit their corporate tax registration application by June 30, the Federal Tax Authority (FTA) reminded on Friday. For juridical persons...

Dubai IPO Boom Driven by Privatization, Family Businesses, and Tech Start-Ups

by PREMA Team | May 29, 2024 | Business

Dubai is a hub for capital markets and a growing pool of High-Net-Worth Individuals (HNWIs) are expected to invest in a booming IPO sector. Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a “Regional...

FTA issues corporate tax guide on free zone persons

by PREMA Team | May 27, 2024 | Corporate Tax

The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons in line with the free zone corporate tax regime, which enables qualifying free zone persons to benefit from a zero per cent corporate tax rate on...

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