Corporation Tax

Your Solution for Corporation Tax Services in the UAE

Corporation Tax in the UAE directly taxes businesses and companies’ profits. It’s crucial for businesses to grasp and handle their corporation tax responsibilities to uphold compliance and financial health. Our tailored corporation tax services cater to the unique requirements of UAE businesses, ensuring comprehensive support in this critical area.

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Decoding Corporation Tax in the UAE

In a significant shift from its historically low-tax reputation, the UAE announced the implementation of a federal corporate tax system starting June 1, 2023. Contrary to misconceptions, this change is poised to foster growth and investment in vital sectors like infrastructure, education, and healthcare across the region Under the new system, all companies, irrespective of their type or origin, must register for corporate tax and file a corporation tax return annually, even if they owe no tax.

The current corporate tax rate stands at 9% on net profits exceeding AED 375,000, providing a tax-free allowance up to that threshold (approximately $100,000 USD).

Comprehensive corporation tax Solutions

Tax Planning and Strategy

Developing tailored tax strategies to optimize corporate tax efficiency while ensuring compliance with relevant regulations.

Tax Compliance Services

Assisting with preparation, filing, and submission of corporation tax returns to ensure adherence to tax laws & regulations.

Tax Credits and Incentives

Identifying available tax credits, deductions, and incentives to minimize tax liabilities and maximize savings for the corporation.

Transfer Pricing Compliance

Ensuring compliance with transfer pricing regulations to mitigate risks associated with intercompany transactions.

Tax Audit Support

Providing assistance and representation during tax audits to ensure accurate reporting and compliance with tax authorities.

International Taxation

Addressing complexities related to transactions & international tax laws to optimize tax outcomes for multinational corporations.

Testimonials

Sparkle Solutions
Sparkle Solutions
4.7
Based on 34 reviews
powered by Google
review us on
ramprasad butadiramprasad butadi
07:25 12 Jun 24
Professional team with a very efficient PRO
nevena bazalacnevena bazalac
09:54 01 Apr 24
Very professional and informative. I liked their transparency, no hidden fees, especially after having bad experiences with other companies in the past. They are very clear and up to date with different options, price promotions and will assist you in every way. Definitely recommending to anyone looking to open a business in UAE.
Nevena BazalacNevena Bazalac
09:51 01 Apr 24
Their team is very professional and it will provide you with the best option for your company. I have recommended them to so many of my friends and clients and everyone received their license and visa within days and very super happy. Definitely recommending them to everyone looking to open business in UAE.
Boris PohulekBoris Pohulek
12:33 01 Mar 24
Its hard to explain how much Sparkle Solutions has done for me for the past year. :)Specifically, Saška the owner and Mohsin the manager have gone way beyond the call of duty to help me in dozens of situations regarding opening my company in Dubai, geting my Emirates ID, opening business and personal bank accounts, payment and tax system..Listen, one time, Mohsin literally RAN outside, in a suit, in August in 50 degrees celsius, just so he can get my ID done in time!! :DTheir pricing is great and honest and their servise and communication is, literally the best I've ever experienced with any agency of that type, in any country.Already many of my friends also started working with them regarding opening and running a business in Dubai.Their initial offer will list exactly and transparently all the steps and costs until you have your business, medical, ID, bank accounts etc. set up and then - they will execute it smoothly, with great speed and communication, precisely as it was written.Its what they did for me and all my friends and I did not know them personally before we started working.What more can you ask for?
Marko NedeljkovicMarko Nedeljkovic
10:33 19 Feb 24
I want to warn all people not to give money before the service is completed. I am very disappointed with the unprofessionalism in the preparation of the offer and the later problems caused by the poor analysis of the case. They are very much to be avoided or not given money before the completion of what they promise. They told me that they would finish the task in 7 working days, it took 2 months, I was returned from the airport, I lost a lot of nerves (and money).The goal of what I'm writing is to prevent other people who believe in professionalism and soft-spokenness from being harmed.
Filip JamalovFilip Jamalov
10:41 15 Feb 24
Getting business license and moving my business to Dubai seemed like a very complex process up until I get to know the guys from Sparkle Solutions. They had the answer to all my questions. Made it all look easy with their proffesionalism and expertise. Helped me arrange everything quickly and efficiently. Since it was my first time in Dubai, they gave me directions with everything that I needed help with: flights, accommodation, getting to know the Downtown and so on. The best part was their warm welcome in their offices where we discussed everything in person. I would recommend them to everyone and defenitely would collaborate with them again in the future with the services that they offer. Don't hesitate, they are the right choice!
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Testimonials

Sparkle Solutions
Sparkle Solutions
4.7
Based on 34 reviews
powered by Google
review us on
ramprasad butadiramprasad butadi
07:25 12 Jun 24
Professional team with a very efficient PRO
nevena bazalacnevena bazalac
09:54 01 Apr 24
Very professional and informative. I liked their transparency, no hidden fees, especially after having bad experiences with other companies in the past. They are very clear and up to date with different options, price promotions and will assist you in every way. Definitely recommending to anyone looking to open a business in UAE.
Nevena BazalacNevena Bazalac
09:51 01 Apr 24
Their team is very professional and it will provide you with the best option for your company. I have recommended them to so many of my friends and clients and everyone received their license and visa within days and very super happy. Definitely recommending them to everyone looking to open business in UAE.
Boris PohulekBoris Pohulek
12:33 01 Mar 24
Its hard to explain how much Sparkle Solutions has done for me for the past year. :)Specifically, Saška the owner and Mohsin the manager have gone way beyond the call of duty to help me in dozens of situations regarding opening my company in Dubai, geting my Emirates ID, opening business and personal bank accounts, payment and tax system..Listen, one time, Mohsin literally RAN outside, in a suit, in August in 50 degrees celsius, just so he can get my ID done in time!! :DTheir pricing is great and honest and their servise and communication is, literally the best I've ever experienced with any agency of that type, in any country.Already many of my friends also started working with them regarding opening and running a business in Dubai.Their initial offer will list exactly and transparently all the steps and costs until you have your business, medical, ID, bank accounts etc. set up and then - they will execute it smoothly, with great speed and communication, precisely as it was written.Its what they did for me and all my friends and I did not know them personally before we started working.What more can you ask for?
Marko NedeljkovicMarko Nedeljkovic
10:33 19 Feb 24
I want to warn all people not to give money before the service is completed. I am very disappointed with the unprofessionalism in the preparation of the offer and the later problems caused by the poor analysis of the case. They are very much to be avoided or not given money before the completion of what they promise. They told me that they would finish the task in 7 working days, it took 2 months, I was returned from the airport, I lost a lot of nerves (and money).The goal of what I'm writing is to prevent other people who believe in professionalism and soft-spokenness from being harmed.
Filip JamalovFilip Jamalov
10:41 15 Feb 24
Getting business license and moving my business to Dubai seemed like a very complex process up until I get to know the guys from Sparkle Solutions. They had the answer to all my questions. Made it all look easy with their proffesionalism and expertise. Helped me arrange everything quickly and efficiently. Since it was my first time in Dubai, they gave me directions with everything that I needed help with: flights, accommodation, getting to know the Downtown and so on. The best part was their warm welcome in their offices where we discussed everything in person. I would recommend them to everyone and defenitely would collaborate with them again in the future with the services that they offer. Don't hesitate, they are the right choice!
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FAQs

The process for company formation in Dubai involves selecting the appropriate business structure (such as a mainland, free zone, or offshore company), obtaining necessary approvals from relevant authorities, registering the company with the Department of Economic Development (DED), and acquiring required licenses. Additionally, you need to secure a physical office space and complete all immigration and visa formalities for employees.

In Dubai, businesses can be established as mainland companies, free zone companies, or offshore companies. Mainland companies allow for operation throughout the UAE and require a local sponsor, while free zone companies offer benefits like tax exemptions and full foreign ownership but are restricted to operating within the designated free zones. Offshore companies are used for international business operations and enjoy confidentiality and asset protection benefits.

To obtain a residency visa in Dubai, you typically need to have a sponsor, such as an employer or a business you own. The process involves submitting an application along with required documents, undergoing a medical examination, and obtaining approval from the respective government departments. Once approved, you receive your residency visa, which is usually stamped in your passport.

Businesses operating in Dubai must comply with various policies and regulations, including obtaining the necessary licenses and permits from the Department of Economic Development (DED) or relevant free zone authority. They must adhere to local labor laws, including employment contracts, working hours, and employee benefits. Additionally, businesses must follow guidelines on corporate governance, taxation, and financial reporting as applicable to their business type and location.

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