backtoexpat

joined 11 months ago
[–] backtoexpat@alien.top 1 points 11 months ago (1 children)

UAE have introduced 9% corporate tax on profits above 300,000 AED

[–] backtoexpat@alien.top 1 points 11 months ago

UAE have introduced corporate tax at 9% on profits above 300,000 AED. UAE is also on the FATF grey list

An offshore company can cost $1k-$2k a year in admin fees and a offshore bank account will usually require a balance of $25k-$100k and have monthly fees if $50-$100. Which is why it’s usualy only worth it once you are in the six figure profit stage