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Start a business in Dubai ?
To start a business in Dubai, you will need to follow these steps: Choose a business activity. You need to decide what type of business you want to start. The Dubai Department of Economic Development (DED) has a list of over 2,000 approved business activities.Choose a business structure. There are several different types of business […]
Read MoreWhat is corporate tax in the UAE?
Corporate tax is a tax levied on the profits of businesses. It is one of the main sources of government revenue in many countries. The UAE introduced corporate tax in 2023. The corporate tax rate in the UAE is 9%, and it applies to all businesses with taxable income above AED 375,000. Businesses with taxable […]
Read MoreVAT in UAE
Value Added Tax (VAT) was introduced in the United Arab Emirates on January 1, 2018. The general VAT rate is 5% and applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT (subject to specific conditions being met). Here are some of the key […]
Read MoreA glance at the definition of FTA
The Federal Tax Authority (FTA) is the government agency in the United Arab Emirates responsible for administering and collecting taxes. The FTA was established in 2016 and is headquartered in Dubai. The FTA is responsible for administering the following taxes: Value Added Tax (VAT)Excise TaxCorporate TaxThe FTA provides a range of services to taxpayers, including: […]
Read MoreHow can I start my own business ?
Here are the steps on how to start your own business: Come up with a business idea. What are you passionate about? What problems can you solve for others? Once you have a few ideas, brainstorm ways to make them into viable businesses.Do your research. Once you have a specific business idea, it’s important to […]
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