Ministerial Decision 265 of 2023 is an important part of the UAE’s corporate tax framework. It sets the exact activities that qualify for the 0% corporate tax rate in Free Zones and lists those that remove eligibility. The Federal Tax Authority (FTA) uses these definitions to decide which companies can keep the incentive. The decision replaced … Read more
To add an activity to your Abu Dhabi trade license, you must submit a license amendment application through the official TAMM portal. The process requires specific documents, payment of government fees to the Department of Economic Development (ADDED), and in some cases, approvals from external authorities before the updated license is issued. This guide provides … Read more
Closing a business in Sharjah is a formal process that requires more than just ceasing operations. Whether your company is registered with the Sharjah Economic Development Department (SEDD) or within one of the emirate’s free zones like SAIF Zone or SHAMS, you must officially cancel your trade license. Enquire Now Why You Must … Read more
Tax agency refers to the legal entities approved by the Federal Tax Authority (FTA) to represent business entities and other entities in tax related issues. Tax agencies are the key responsibility holders in UAE for the proper implementation of tax laws such as corporate tax, Value Added Tax (VAT) and Excise Tax. They are allowed … Read more
The UAE corporate tax was introduced in June 2023 in line with international tax policies. Whereas, certain entities qualify for corporate tax exemption if they meet the exemption criterion, as provided by the Federal Tax Authority. This article details the entities that qualify for corporate tax exemption in UAE. Who can apply for corporate tax … Read more