What is the UBO declaration and is it mandatory?
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UAE UBO Register ↗Related Questions
What is the corporate tax rate in Dubai?
9% on taxable profit exceeding AED 375,000 per year, effective from June 2023. Profits below AED 375,000 are taxed at 0%. Qualifying Free Zone Persons (QFZP) pay 0% on qualifying income from outside the UAE. Corporate tax registration is mandatory for all UAE businesses regardless of profit level. File via FTA's EmaraTax portal.
Do economic substance rules apply to my Dubai business?
UAE Economic Substance Regulations apply to companies performing 'relevant activities' such as banking, insurance, IP holding, fund management, headquarters, shipping, and holding companies. If applicable, you must demonstrate adequate UAE substance (employees, premises, management). Annual notification is required for all entities; a full report if you conduct relevant activities.