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Enjoy your first 30 minutes of a free expert consultation
Bali office hours: 10:00 to 19:00, Monday through Friday
Bali office hours: 10:00 to 19:00, Monday through Friday
Enjoy your first 30 minutes of a free expert consultation
Leave a request and we will call you back or visit Lawson&Wang's office for free thirty minutes expert advice on how to incorporate a company and source administrative support for it or how to optimize taxes in holding, trading or financial business structures. We will be happy to see you as our client or partner.
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Relocation to the UAE
United Arab Emirates consists of seven federated emirates on the east coast of the Arabian Peninsula, bordering Saudi Arabia and Oman. Qatar is also located nearby.
International companies of the Emirates are among the most prestigious instruments of international popular planning. The high popularity of this jurisdiction is caused by the high economic indicators and an uncomplicated procedure of obtaining the tax residency for individuals. At the same time, there is no reporting and taxation of personal income taxes in the UAE, and there is no need to visit the country again to maintain residency status.
- The official language is Arabic but English, Hindi, Urdu, Farsi and Tagalog are also commonly used.
- The currency is the UAE dirham.
International companies of the Emirates are among the most prestigious instruments of international popular planning. The high popularity of this jurisdiction is caused by the high economic indicators and an uncomplicated procedure of obtaining the tax residency for individuals. At the same time, there is no reporting and taxation of personal income taxes in the UAE, and there is no need to visit the country again to maintain residency status.
United Arab Emirates consists of seven federated emirates on the east coast of the Arabian Peninsula, bordering Saudi Arabia and Oman. Qatar is also located nearby.
International companies of the Emirates are among the most prestigious instruments of international popular planning. The high popularity of this jurisdiction is caused by the high economic indicators and an uncomplicated procedure of obtaining the tax residency for individuals. At the same time, there is no reporting and taxation of personal income taxes in the UAE, and there is no need to visit the country again to maintain residency status.
- The official language is Arabic but English, Hindi, Urdu, Farsi and Tagalog are also commonly used.
- The currency is the UAE dirham.
International companies of the Emirates are among the most prestigious instruments of international popular planning. The high popularity of this jurisdiction is caused by the high economic indicators and an uncomplicated procedure of obtaining the tax residency for individuals. At the same time, there is no reporting and taxation of personal income taxes in the UAE, and there is no need to visit the country again to maintain residency status.
Taxation
Taxation
From the point of view of conducting international business companies registered in the territory of the UAE Free Economic Zones (Free Zone) are the most profitable. The income of such companies is exempt from taxation, except for profits made in the Emirates itself which are subject to VAT at the rate of 5%, but only in respect of taxable supplies of goods or services within the UAE and outside the Free Economic Zones.
The term supply includes all forms of supplies of goods or services made by a company in the UAE for the purpose and in the course of carrying on business. Delivery within the UAE means the territory of delivery in respect of goods and the location of the recipient of services in respect of services.
As of June 1, 2023, such supplies are also expected to be subject to the new federal corporate income tax rate of 9%.
At the same time, all companies are required to produce a VAT number if the turnover exceeds 100,000 USD. Voluntary registration without penalty is possible if turnover exceeds 50,000 USD or if turnover of 50,000 USD is expected within the next 30 days.
The term supply includes all forms of supplies of goods or services made by a company in the UAE for the purpose and in the course of carrying on business. Delivery within the UAE means the territory of delivery in respect of goods and the location of the recipient of services in respect of services.
As of June 1, 2023, such supplies are also expected to be subject to the new federal corporate income tax rate of 9%.
At the same time, all companies are required to produce a VAT number if the turnover exceeds 100,000 USD. Voluntary registration without penalty is possible if turnover exceeds 50,000 USD or if turnover of 50,000 USD is expected within the next 30 days.
From the point of view of conducting international business companies registered in the territory of the UAE Free Economic Zones (Free Zone) are the most profitable. The income of such companies is exempt from taxation, except for profits made in the Emirates itself which are subject to VAT at the rate of 5%, but only in respect of taxable supplies of goods or services within the UAE and outside the Free Economic Zones.
The term supply includes all forms of supplies of goods or services made by a company in the UAE for the purpose and in the course of carrying on business. Delivery within the UAE means the territory of delivery in respect of goods and the location of the recipient of services in respect of services.
As of June 1, 2023, such supplies are also expected to be subject to the new federal corporate income tax rate of 9%.
At the same time, all companies are required to produce a VAT number if the turnover exceeds 100,000 USD. Voluntary registration without penalty is possible if turnover exceeds 50,000 USD or if turnover of 50,000 USD is expected within the next 30 days.
The term supply includes all forms of supplies of goods or services made by a company in the UAE for the purpose and in the course of carrying on business. Delivery within the UAE means the territory of delivery in respect of goods and the location of the recipient of services in respect of services.
As of June 1, 2023, such supplies are also expected to be subject to the new federal corporate income tax rate of 9%.
At the same time, all companies are required to produce a VAT number if the turnover exceeds 100,000 USD. Voluntary registration without penalty is possible if turnover exceeds 50,000 USD or if turnover of 50,000 USD is expected within the next 30 days.
Choice of the place of incorporation
Choice of the place of incorporation
Free Economic Zones differ in the types of business licenses issued, the possibility to combine several activities within one company, the number of resident visas issued, reporting requirements, as well as the banks represented, their level of compliance and specialization.
When making an offer for company registration in a Free Economic Zone Lawson&Wang Group performs individual analysis of entrepreneurs' goals and objectives and offers two or three options based on its expert opinion.
When making an offer for company registration in a Free Economic Zone Lawson&Wang Group performs individual analysis of entrepreneurs' goals and objectives and offers two or three options based on its expert opinion.
Free Economic Zones differ in the types of business licenses issued, the possibility to combine several activities within one company, the number of resident visas issued, reporting requirements, as well as the banks represented, their level of compliance and specialization.
When making an offer for company registration in a Free Economic Zone Lawson&Wang Group performs individual analysis of entrepreneurs' goals and objectives and offers two or three options based on its expert opinion.
When making an offer for company registration in a Free Economic Zone Lawson&Wang Group performs individual analysis of entrepreneurs' goals and objectives and offers two or three options based on its expert opinion.