In UAE, value-added tax (VAT) is a tax on the value added to goods and services, implemented to diversify the country’s revenue streams. As a business owner in the UAE, it’s important to understand and comply with VAT regulations to avoid any penalties.

The United Arab Emirates does not have a federal CIT regime. Instead, CIT is determined on a territorial basis under the respective Tax Decrees issued by the government of each individual Emirate (of which there are seven that make up the United Arab Emirates). 

Dubai offers convenient business possibilities for company formation in Dubai for certain types of business structures in their particular areas. Hence, it is beneficial to set up any kind of company in Dubai as the government warmly greets traders from across the globe for the motives.