Are taxes low for business setup in Dubai?
Key Takeaways:
- Dubai has no personal income tax, allowing individuals to retain 100% of their earnings.
- A federal Corporate Tax of 9% was introduced in June 2023, but it applies only to profits exceeding AED 375,000.
- Free Zone companies can still benefit from a 0% Corporate Tax rate on “qualifying income” if specific conditions are met.
- A Value Added Tax (VAT) of 5% is applied to most goods and services, which is one of the lowest globally.
- The overall tax environment remains highly competitive and attractive for Business setup in Dubai.
Dubai has long been renowned as a tax-friendly jurisdiction, a significant draw for entrepreneurs and investors globally. When considering a Business setup in Dubai, the question “Are taxes low for business setup in Dubai?” is consistently at the forefront of their minds. The answer, in short, is a resounding yes, though the tax landscape has evolved …
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