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On 31st January 2022, the UAE has introduced a new corporate tax, signaling a significant change in its taxation landscape. Historically, the United Arab Emirates was known for not imposing taxes on corporate profits, except for a few industries. However, starting from the financial year that began on June 1, 2023, many companies operating in the UAE will be subject to a new 9% corporate tax rate. In this article, we'll break down the details of UAE's corporate tax in simple terms, keeping you informed about this crucial development in the world of business setup in Dubai.

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UAE is known as a bustling global business hub, attracting foreign investors, businessmen, and entrepreneurs from around the world with its attractive business environment, strategic location, and thriving economy. In this article, you will learn the complete procedure and necessary relevant information that explains the journey of starting a business venture in UAE as a foreign investor, also outlining its perks and essential considerations.

Dubai now welcomes foreign entrepreneurs with open arms, offering a unique opportunity to retain 100% ownership of their businesses in most cases. Ad

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