UAE offshore companies occupy an unusual position under Corporate Tax law. They are set up specifically to conduct business outside the UAE, often with no physical presence inside the country at all, yet a surprising number of them still end up with a UAE Corporate Tax registration obligation. The trigger isn’t where the company was … Read more
A civil company is a professional services entity formed by multiple professionals, commonly in law, accountancy, consultancy, engineering, or healthcare, to practice their profession jointly. For Corporate Tax purposes, civil companies are treated the same as any other taxable person in the UAE: registration with the Federal Tax Authority (FTA) is mandatory regardless of income … Read more
Corporate Tax Registration Requirements for LLCs in the UAE Every Limited Liability Company operating in the UAE is required to register for Corporate Tax with the Federal Tax Authority, an obligation that applies regardless of the income the business actually generates. The requirement stems from Federal Decree-Law No. 47 of 2022 on the Taxation of … Read more
A Tax Registration Number, or TRN, is the 15-digit identifier the Federal Tax Authority issues to every business registered for VAT in the UAE. Before signing a contract, processing a supplier invoice, or claiming input VAT recovery, checking that a company’s TRN is real and active is a five-minute task that protects against fraudulent invoices … Read more
Every set of financial statements a business produces, the ones used for internal decisions, bank applications, statutory audits, and UAE Corporate Tax filing, starts as a sequence of individual transactions that need to be recorded, verified, and summarized correctly. The accounting cycle is the standardized 9-step process businesses use to turn raw transaction data into … Read more
The Portugal-UAE Double Tax Treaty (DTT) was signed on 23 September 2008 and entered into force on 29 December 2010, giving individuals and businesses operating across both countries a framework to avoid being taxed twice on the same income. Since UAE Corporate Tax took effect under Federal Decree-Law No. 47 of 2022, the treaty’s provisions … Read more
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