Oak Business Consultant ’s Post

The Ministry of Finance is inviting public input regarding the potential implementation of R&D Tax Incentives! This presents a chance for enterprises to avail themselves of tax advantages and other incentives to foster investment in research and development. What are the potential benefits for businesses and the country? a. Decreased tax obligations for companies engaging in R&D endeavours within the UAE. b. Heightened investment in innovation, fostering the creation of cutting-edge products and services. c. A more appealing business landscape, positioning the UAE as a center for R&D expertise. By engaging in this public consultation, you have the opportunity to contribute to shaping the future landscape of R&D in the UAE. https://lnkd.in/dS4aZidD #PublicConsultation #UAE #Innovation #MinistryofFinance #TaxIncentives

🚀 Powering Prosperity: Why Corporate Tax Matters in the UAE 🌟 Fueling Growth: Low taxes ignite business activity, driving economic expansion. Magnet for Investment: Attractive tax policies lure global investors, spurring financial inflow. Business Haven: Reduced tax burdens encourage startups, fueling job creation and creativity. Competitive Edge: UAE's tax perks give businesses a head start, attracting top talent and investments. Building Tomorrow: Tax revenues support vital sectors like education and healthcare, ensuring a brighter future. Call us now to understand more on corporate tax and how you can make an effective tax planning for your business.. +971 55 644 2460 or drop us an email on cpmanager2@flyingcolour.com #UAE #CorporateTax #GrowthOpportunities 🌍💼#BusinessGrowth #flyingcolour

🌟 Big News for Multinationals in the UAE! 🌟 In 2025, the UAE will introduce a 15% Domestic Minimum Top-Up Tax for multinational companies. This move aligns with global tax frameworks, ensuring a fair and competitive business environment while maintaining the UAE's position as a leading international hub for innovation and investment. What does this mean for businesses? 💡 Greater alignment with international tax standards. 💡 Opportunities to adapt and optimize operations within a compliant framework. If you're a multinational operating in the UAE, now is the time to review your tax strategies! 📊 Let’s discuss: How do you see this shaping the UAE's business landscape? #UAE #TaxUpdates #Business #Multinationals #GlobalTax #Innovation #UAE2025TaxPolicy #CorporateTaxUAE #UAEFinanceNews #UAEEconomy #TaxReformsUAE #MultinationalsInUAE #UAEBusinessLaws #UAECorporateTax2025 #UAEInvestmentUpdates

The UAE's recent implementation of corporate tax marks a significant shift in its fiscal strategy. Here are few of the potential impacts of corporate tax on UAE economy: ✅𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐨𝐧 𝐎𝐢𝐥: The new tax makes the UAE economy less reliant on oil. This means the fluctuations of oil prices won't hurt the economy as much, making it stronger and more flexible. ✅𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡: The 9% tax rate, with exemptions for small businesses and startups, aims to create a competitive environment that encourages new ventures and technological advancements. ✅𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: The generated revenue will empower the government to invest in public services like education, healthcare, and infrastructure development. ✅𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: The UAE's corporate tax regime aligns with international best practices, further solidifying its position as a global business hub. #UAECorporateTax #EconomicDiversification

🚀 UAE Corporate Tax: A Game Changer for Businesses! The UAE's introduction of corporate tax marks a bold step towards reshaping its economic landscape. 🌍 Here’s why this move is a game-changer: 1️⃣ Competitive Rates: A 9% tax rate for taxable income above AED 375,000, while the first AED 375,000 remains at 0%—great for SMEs and startups! 2️⃣ Effective June 2023: Aligning with global tax standards, the law is now in effect, impacting financial years starting after June 1, 2023. 3️⃣ Inclusivity: Applies to UAE companies, business activities by natural persons, and non-residents with permanent establishments in the UAE. 4️⃣ Free Zone Advantage: Qualify for a 0% tax rate if you meet the conditions—still a haven for innovation and investment! 5️⃣ Compliance is Key: Don’t forget to register separately from VAT and avoid penalties. 📋 #CA Ujjval Shah! #UAE #CorporateTax #BusinessOpportunities #TaxReform #EconomicGrowth #GlobalStandards

The UAE Ministry of Finance has updated tax rules for certain businesses and organizations, effective from 1st June 2023, to simplify compliance and enhance investment appeal: 1. Unincorporated Partnerships: No need to notify tax authorities about partner changes. 2. Foreign Partnerships: Treated as "tax transparent" in the UAE if classified the same in their home country. 3. Family Foundations: Can opt for "tax transparent" status for better tax benefits. These changes aim to ease compliance and strengthen the UAE’s position as a global business hub. For more info- ☎️ +971501843166 📧 info@allianceca.ae 🌐 www.allianceca.ae . . . #alliance #ca #dubai #audits #businessadvisors #dubaibusiness #UAE #entrepreneurship #businessgrowth

Investors Will Never Be the Same After the UAE's Corporate Tax Update! Starting January 2025, the UAE will increase its corporate tax rate from 9% to 15% for multinational enterprises with global revenues exceeding $793 million. This move aligns with global standards, reaffirming the UAE’s commitment to fairness and transparency in its tax system. But what does this mean for you as an investor? Why Now is the Perfect Time to Invest in Off-Plan Properties: 🏙️ As businesses adapt to this change, there’s a growing spotlight on free zones and tax-efficient hubs that offer incredible opportunities. With companies recalibrating their strategies, we’re poised to see: ✅ Higher demand for commercial and residential spaces near these zones. ✅ Capital appreciation potential in key areas linked to free zones. ✅ A surge in long-term rental demand, making off-plan properties a prime investment for steady returns. Purchasing off-plan in these high-demand areas ensures you’re ahead of the curve, locking in pre-launch prices and maximizing ROI. 📩 Looking to align your property goals with the UAE’s dynamic growth? Let’s connect and explore opportunities that fit your vision! #economy #taxation #G20 #OECD #Offplanproperties #Dubairealestate #propertyconsultant

Are you aware of the UAE’s corporate tax exemptions? 🌟 Many business owners worry about high tax rates eating into their profits. But did you know the UAE offers specific exemptions that benefit your business? From free zone companies to certain industries, there are opportunities to reduce your tax burden significantly, and it's important to understand what key exemptions you may qualify for. Here are some key exemptions in the UAE corporate tax system: ✅ Free Zone Businesses ✅ Government Entities ✅ Qualifying Public Benefit Entities ✅ Income from Natural Resources(such as oil and gas) ✅ Qualifying Investment Funds ✅ Dividends and Capital Gains ✅ Small Business Relief These exemptions can help you make informed decisions and optimize your tax position. Don’t let tax fears hold you back from setting up or expanding your business in the UAE. Our expertise in business setup can help you cross these rules and make the most of your opportunities. Contact us today to find out how you can benefit! 📈💼 #UAE #BusinessSetup #CorporateTax #UAEFreeZones

Webinar Invitation: Unlocking Business Opportunities in the UAE Join us for an insightful webinar exploring the UAE's vast business and investment opportunities. This session is designed to educate international partners on setting up and thriving in the UAE's dynamic market. Date: 12th July Time: 3 PM GST #webinar #flyingcolour #businesssetup #taxation #dubai #uae #freezone #dubaijurisdication #businesswebinar

UAE's new corporate tax regime is a game changer for its economic future. By establishing a stable revenue stream, the country can reinvest in strategic public initiatives and enhance its already world-class infrastructure, making living in the UAE even safer, more secure and enjoyable. This will undoubtedly accelerate the country's prosperity towards a more sustainable and progressive future. #UAECorporateTax #EconomicFuture #SustainableProsperity