Bestax is a top-notch tax registration consultancy firm, that provides a complete guide to Corporate Tax Services in UAE. We help you get a corporate tax registration number with complete assurance to comply with the UAE Corporate Tax regime.
The Ministry of Finance UAE has previously announced the Corporate Tax in 2022. On 22nd October 2023, the President of UAE “Highness Sheikh Mohamed bin Zayed Al Nahyan” issued a Corporate Tax Law. This law provides Federal Corporate Tax legislation for implementation and introduction is applicable from the financial year 1st June 2023.
As a result of this change in the Corporate Tax regime, audit firms and tax advisors in Dubai have started offering business tax advisory services. We not only help you with corporate tax registration services, but we also assist you in corporate tax implementation throughout your business activities.
In this article, you will get a complete guide to register your company for Corporate Tax in UAE. Let’s get an overview of Corporate Tax Registration Services in UAE and their importance.
Corporate Tax Services in Dubai
What is Corporate Tax Registration in UAE?
Corporate tax is a business profit tax where FTA registers an eligible person for Corporate Tax. It allows taxable persons to receive a unique registration number after registering for corporate tax in the UAE. Many audit firms have started providing Corporate Tax Services in Dubai, after this latest tax reform.
According to the Ministry of Finance, the corporate tax rate for a taxable person is 9% on a profit exceeding AED 375,000. For profits below this threshold level, corporate tax is 0% on taxable income. Bestax provides complete Corporate Tax Services in UAE to new business setups and helps them grow.
Who Should Register for Corporate Tax?
Under Federal Tax Authorities FTA law, every taxable person, including the Free Zone persons falls in this corporate tax regime. FTA requires a taxable person to register under Corporate Tax Registration UAE. The authority requires them to own a unique registration number that is to be used by Tax Authorities for Tax implementation.
If a taxable person is considered exempted from UAE Corporate Tax 2023 by FTA, the individual must be registered in the declared time by authorities. Bestax is always at your service if your company needs to be registered for Corporate Tax. Upgrade and grow your business with our Corporate Tax Services in UAE.
Why Corporate Tax Registration is Important?
The Ministry of Finance and UAE governance has recently introduced corporate tax structures and tax laws that benefit the UAE companies at large. This announcement of Corporate Tax Registration has attracted many businesses, startups, and entrepreneurs.
Here are some of the advantages of corporate tax registration in UAE
- A new Corporate tax regime helps you stay compliant with tax laws and regulations
- It helps identify any malicious or illegal tax practices
- You get access to top-class tax standards globally applicable
- It enhances the chances of your business operating in UAE and outside the UAE
- Corporate tax registration is beneficial for businesses as it reduces the after-tax revenue and shareholder’s return
- Moreover, the corporate tax affects both your direct and indirect shareholdings such as investment funds and private pensions.
- Businesses can minimize their overall tax liabilities after registering.
It is a significant step forward to transforming UAE businesses through Corporate Tax Registration transparency and implementing international standards. So, companies in Dubai have started expanding their businesses in the UAE for better reach globally. Bestax’s Corporate Tax Services in UAE help boost businesses and assist them in achieving their organizational goal.
How to Register Your Company For UAE Corporate Tax?
- The first step is to create your account on the Emaratax portal by registering with your email ID and Phone number. You can also log in to your Federal Tax Authority FTA account to
- Now login to your Emaratax accounts with your existing ID and password.
- In this step, you must register yourself as a taxable person by selecting a relevant person from the list of taxable persons.
- Finally, register for Corporate Tax and complete the registration process.
This portal is open for corporate tax registration online 24/7 and you can access it easily through your FTA account. However, if you need assistance with Corporate Tax Services in UAE and Corporate tax registration, our tax consultants in Dubai will guide you. Moreover, it is always advised to reach out to Corporate Tax Accounting Firm Dubai like Bestax for expert solutions to your corporate tax issues.
What Should Be Required Documents For Corporate Tax Registration Form?
- FTA allows a taxable person to register their company online. The corporate companies in UAE that register their businesses must submit the following documents.
- Trade License
- Emirates ID for the managers, shareholders, and authorized signatories
- Passport for the managers, shareholders, and authorized signatories
- Memorandum of Association/Power of Attorney
- Ejari/Proof of address
- Bank validation letter (if a natural or legal person has a bank account in the UAE
- Title Deeds (if a natural or legal person owns a property in UAE)
For Corporate Tax Services in UAE, Bestax is an FTA-approved agency that offers comprehensive business solutions to many UAE companies.
How Do We Help With Professional Corporate Tax Services in UAE?
Bestax is one of the best tax firms in Dubai providing Corporate Tax Services in UAE. With the help of the most qualified tax consultants, your corporate tax registration process becomes very easy. Our professional corporate tax advisors know the implementation of corporate tax and corporate tax compliance to save your time and efforts.
Bestax Chartered Accountants are experienced enough to do UAE tax planning for your business. We also provide Tax Reduction services to improve your company’s performance and credibility. Minimize your Corporate Taxes in UAE with our strategies to mitigate tax liabilities.
With our tax consultancy services, your business is in safe hands. Contact us for top-notch and hassle-free Corporate Tax Registration Services in UAE.
