Accruon consultants

  Are you planning to set up a company/business in the free zone area in UAE? Do you need to know the tax exemptions and benefits of forming a company in a free zone in the UAE? We are here to provide you with the answer A free zone, alternatively referred to as a free trade zone or a free zone authority, is an economic region subject to distinct regulations that exclusively pertain to businesses operating within its boundaries. They are ruled by their specific regulations that do not apply to businesses outside the zone. It also facilitates reduced tax and customs rates for trading goods and services. One of the initiatives the government took to diversify the economy and attract more foreign investors to the UAE was establishing free trade zones. The Jebel Ali Free Zone, founded in 1985, was the first in UAE, and today, there are more than 40 free zones situated in various regions, each tailored to specific industries and providing specialized assistance. There are 28 Free Zones ...

  Are you confused with the term “Natural Person”? Do you belong to this category? Does UAE Corporate tax apply to you? Don’t worry, this blog will take you through the answers to these questions. Corporate tax in Dubai is a direct tax that is levied on the net income or profit that businesses and other entities make from their operations.“ Corporate tax” is also referred to as “business profits tax” or “corporate income tax”, in some countries. It is implemented in order to enhance the nation’s standing as a significant hub for commerce and investment, to accelerate the transformation and developmental programmes to achieve strategic goals, and also to address global standards for tax transparency. “Natural Person” refers to an individual, whether they reside in or outside of UAE distinguished from legal entities such as corporations. This includes individuals engaged in personal business endeavours such as freelancers, entrepreneurs, solo establishments, etc. Here, a solo estab...