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Recent content by Mekan Gurbanov

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    Closing free zone company

    What company is that? We can take care of the whole process and do it cheaper. Kindly email me on [email protected]
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    DLS Dubai Free Zone company renewal and audits

    As we were advised by IFZA Accountants, your financial reports are fine. Does not have to be audited.
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    DLS Dubai Free Zone company renewal and audits

    They do inform during renewal process: « * As of January 2024, all IFZA Licensees will be required to submit financial reports to remain compliant with licensing regulations. Companies have a three-month preparation period to prepare their accounts following the completion of a financial year...
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    DLS Dubai Free Zone company renewal and audits

    We are only online and working. You can always reach out by email or whatsapp. Not really. The business is fine. Truth. There is a new requirement to submit financial audit within 3 months after renewal of the license. We can help you out with it. Reach out by email, so we can take a closer...
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    Question UAE substance provider. Ejari (1 year lease agreement) + 1 month utility bill

    We can help you out with Ejari and Utility Bill. Contact us by Email or WhatsApp if required: Email: [email protected] Mob: +971 56 734 9995
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    Do we known for a FACT that Dubai doesn't report to your home country your properties and bank accounts with them if you have golden visa?

    Even though the building construction is not yet completed, Immigration Department will use this address in their system. No address is mentioned on the EID itself.
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    UAE Mainland or FreeZone?

    The GAAP rule for the salary percentage for directors is about 11% only. While the overall salary ratio can reach until 60% percent. However, it all comes down to the justification of the amount that you are recording. If your IT company is running for quite some time now and the salary rate is...
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    Digital service company - Paypal a must

    We would suggest to go for UAE Free Zone company. CIT - 9% (Revenue below ~ USD 800,000 annually is exempt from CIT). No audit requirement if turnover is below AED 50 mln. Digital bank accounts that can be connected to PayPal. Fixed AED - USD rate.
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    Physical substance of visa motivated freezone companies in UAE

    Yes, sure. Here you go: https://www.moec.gov.ae/documents/20121/0/DecreeLaw_50_2022_pdf.pdf/d34d9209-b407-6e73-9acb-3b01522e94e6?t=1673496808487. (Page 5, Chapter 1 - Commercial Business) No, 375k rule applies only to legal entities. Business activity conducted by a resident or non-resident...
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    Physical substance of visa motivated freezone companies in UAE

    As one of the UAE's leading corporate services provider and business consultant we are ready to offer our professional services to support your initiative and provide complete guidance throughout the whole process.
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    Physical substance of visa motivated freezone companies in UAE

    Personal Investment Income - investment activity that a natural person conducts for their personal account that is neither conducted through a Licence or requiring a Licence from a Licensing Authority in the State, nor considered as a commercial business in accordance with the Federal Decree-Law...
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    Mekan Gurbanov - Managing Partner EmiratesSetup Dubai - www.emiratessetup.ae Business Set-Up in...

    Mekan Gurbanov - Managing Partner EmiratesSetup Dubai - www.emiratessetup.ae Business Set-Up in Dubai