Existing offshore companies registered in other jurisdictions can transfer their Domicile to RAKICC. “Re-domiciliation” or “Transfer of Domicile” is the process by which a company/enterprise moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated while maintaining the same legal identity. Companies re-domicile or opt…
The UAE is expected to lead economic growth in the Arabian Gulf in 2017 (12 April 2017 to 18 April 2017) The economic growth in the Middle East had a mixed surge in the first quarter of the year 2017. The nonoil sectors had a strong foot in the first quarter of the year 2017…
The Tax concept is not totally new for the business community in theUAE. Certain taxes like customs duty, municipality taxes, tourism fee, property tax, rental tax etc are already there. But VAT (Value Added Tax) is a new concept in the UAE. Let us see how VAT will impact the companies as well as the…
STEP 1: Check whether your company needs to be registered for VAT or not. Whether your current year turnover is more than AED 375,000/? Whether the activity of your company is coming under other than any of the exempted category such as healthcare, education, local transport, residential real estate or any of the selected 100…
