UAE to introduce lowest Corporate Tax in the World

1
UAE to introduce
lowest Corporate Tax in the World Get a
Consultation today!
2
UAE to introduce lowest Corporate Tax in the
World
SHURAA INDIA
The UAE, well known for its record economic
growth, has announced plans to impose a federal
corporate tax on business (net) profits. The UAE
Ministry of Finance will establish a UAE
corporate tax on the net profit of
multinationals from June 1, 2023, as part of a
comprehensive tax overhaul. The Ministry of
Finance declared that net profits up to Dh 375,00
(INR 75,96,910 Lakh) would be tax-free. This is
in keeping with a big initiative aimed at
assisting small medium enterprises.
Furthermore, the government will levy a 9
corporate tax on businesses for net profits over
102,000 (INR 75,96,910 Lakh). And 0 percent for
net profits below that amount.
3
What Are the Highlights of New Corporate Tax in
UAE

1. Individual Earnings
2. Regulations on Loss Utilization
3. UAE Corporate Tax on Net Profits
4. Tax Incentives
5. Minimal Compliance Costs
6. Business Activities
7. Assessment Year

4
How Will The UAE Tax Regime Benefit Small
Businesses?

• Many people consider small businesses an
  essential source of employment creation and
  technical innovation. Small company owners have
  long been lauded for their contributions to the
  economy in the UAE. Their impact on employment
  growth and innovation, in particular. As a
  result, the new federal income tax policy will
  benefit small businesses and startups.
• Reducing Corporate Concentration
• Promoting Healthy Competition
• Combating Tax Evasion
• Transparent System of Corporate Taxation
• Prevent Harmful Tax Practices

5
Ready to Launch Your Business in The UAE?
The new tax regime lays the groundwork for a
robust economic recovery in the UAE, allowing
the country to return to pre-pandemic levels. As
a result, it is a perfect moment to start a
business in the UAE. Speak to Shuraa specialists
now if youre still unsure whether Dubai is the
right place for your company. Shuraa Business
setup is a pioneer in Dubai business setup
services. We have our branch offices across the
globe in major cities like London, Delhi, Mumbai,
Dhaka.
6
OUR STORY
SHURAA THE PIONEERS OF BUSINESS SETUP SERVICES
IN THE UAE Shuraa Business Setup was founded by
Mr Saeed Khalifa Mohammed Al Fuquei in the year
2001. The organization was initiated with an
agenda to help individuals start a business in
Dubai or any other emirates. For the past 20
years, we have registered over 35,000 companies
in the UAE.Shuraa Business Setup helps with
crucial paperwork and other governmental
permissions which is important while setting up a
business in Dubai. We share years of
acquaintance with the government officials and
regulatory authorities, that makes business
setup easier.
7
MAILING ADDRESS
108, Square One, Saket New Delhi - 110017
REACH OUT
EMAIL ADDRESS info_at_shuraa.in
PHONE NUMBER 91-8010990022