Business

When does VAT apply to Business Set up in Dubai?
Business

When does VAT apply to Business Set up in Dubai?

- by Mark Donald

Starting a business set up in Dubai involves a spectrum of legal, administrative, and financial considerations. Among these, understanding Value Added Tax (VAT) is crucial for ensuring compliance from day one. Implemented in the UAE on January 1, 2018, VAT is an indirect tax applied to most goods and services, and its implications for new and existing businesses in Dubai are significant, requiring careful attention to registration thresholds, compliance obligations, and operational adjustments.

Overview

  • VAT in the UAE is a consumption tax introduced on January 1, 2018, at a standard rate of 5%.
  • Businesses engaged in taxable supplies must register for VAT if their taxable supplies and imports exceed AED 375,000 annually.
  • Voluntary VAT registration is possible for businesses exceeding AED 187,500 in taxable supplies and imports.
  • Free zone businesses are generally subject to VAT, though specific ‘designated zones’ can offer certain VAT benefits for goods movement.
  • VAT impacts invoicing,
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Which visa for business setup in Dubai?
Business

Which visa for business setup in Dubai?

- by Mark Donald

Key Takeaways:

  • The primary visa for business owners is the Investor Visa (also known as Partner Visa or Green Visa), offering residency based on business ownership.
  • The Golden Visa provides long-term residency (5 or 10 years) for significant investors and entrepreneurs.
  • Freelancer Visas are tailored for independent professionals in specific fields.
  • Employment Visas are for individuals hired by a UAE-registered company, including those hired by their own newly established company.
  • Your chosen Business setup in Dubai jurisdiction (mainland or free zone) will influence the specific visa application process and options.

One of the most critical aspects of Business setup in Dubai for foreign investors and entrepreneurs is securing the appropriate visa. The right visa not only grants you the legal right to reside in the UAE but also underpins your ability to operate your business, manage your operations, and potentially sponsor your family. Dubai offers a variety of visa categories, …

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