Recent content by Barbara Roessle

Correct, yearly is not necessary but the minimum is not known. I guess there is no minimum as one can submit an Ejari thats only valid another month.

as per official website - https://tax.gov.ae/en/services/issuance.of.tax.certificates.aspx: Tax Residency Certificates (TRCs) to enable applicants to take advantage of Double Tax Avoidance Agreements (DTAA) on income signed by the UAE. TAX Residency Certificate for Treaty purposes: Required...

Thanks Jack

another take on it: Even though a zero rated revenue earner is out of scope, the advisable approach is to apply for VAT exemption so no liability remains from VAT perspective. The only issue is you won’t be able to claim any VAT paid on expenses here in the UAE if you choose to apply for VAT...

Hello, this are very specific questions that are not helpful to others on the forum. Therefore I would like to ask you to contact me directly and we can work out a consulting fee for this. [email protected]

exactly yes, correct, my bad, I should have checked with my collegue who is the expert, I am doing company setups and trying to answer as correctly as possible. Dividends distribution to the shareholders of a company are usually from the profits after tax. So if some business is planning to...

as far as we know dividend payouts can be done as long as they are reasonable! You can also pay yourself allowances like housing, travel, car, etc.....

For accounting of 2024 and financial audit, the opening point is the balances as of 31 December 2023. For the audit report, accountant needs to provide comparative figures from the previous year. If you get the report audited, the report will contain both years as final numbers. In worst case...

Yes, the accounting firms will require it as comparison. Yes, the accounting firms will require it as comparison.

That usually applies to all jFreezone companies because bank goes through entire KYC once there is a share transfer. There is almost no benefit in taking over another firm. You wont be able to get a corporate bank account with an offshore company unless you have a GM that is resident in the...

they need it for comparison. Of course it is not necessary if you company was formed recently

Small business relief: Audited Statements are not required as return filing has to be done but simplified. I am not aware of this thread - can you send me link?

Yes sure, it depends on the volume of transactions per year. We have Starter, Small, Medium and large Packages. Starting from AED4400 and goes upto AED8500. Included : Registration Corporate Tax (one-off) Tax return 2024 Financial statements 2024 In case you meant the liquidation audit report...

there is no need for a liquidation report for the renewal of a company. Only when you liquidate your company, a liquidation report has to be provided. We can get one for you and you dont have to provide audits for that. Let me clarify a few things here. Until recently, the UAE had no corporate...

thats correct