Hi sir, Thanks for the info, I just want to know hot to determine that companies in mainland and freezone will be considered as group of companies? Thank you so much
This was very helpful thank you. I have a question which is a bit specific: If a freezone company in the UAE is paid a service by a company in the UAE mainland to provide a service in the USA, does this remain 0% corporate tax?
Hi Rami, Regarding such a specific question it is best to give some advice to you after the executive regulations are out. We expect this to be out in a months time.
if I open a fz trading company now and make it my main company and add mainland branches under it, would I have to pay corporate tax? I know customs is 0 but if I deliver to mainland do I need to pay vat only or customs+vat both? thanks.
Hi sir, Thanks for the info, I just want to know hot to determine that companies in mainland and freezone will be considered as group of companies? Thank you so much
Hi! What does adequate substance mean?
Please click on the blog to see the list of requirements the Freezone company must maintain to have a corporate tax benefit.
This was very helpful thank you. I have a question which is a bit specific: If a freezone company in the UAE is paid a service by a company in the UAE mainland to provide a service in the USA, does this remain 0% corporate tax?
Hi Rami, Regarding such a specific question it is best to give some advice to you after the executive regulations are out.
We expect this to be out in a months time.
Is there any profit distrubition tax to foreign company partners? Thank you very much
In general no. Will have to look at the specifics of the ownership structure and the nature of the transaction to be sure.
What if freezone company transfer of ownership inside freezone and sell to mainland, ( bill to mainland company and ship to freezone consingnee)
Thank you for your questions. For being sure of such transactions we will have to wait for the law to be out.
- MSI Team
if I open a fz trading company now and make it my main company and add mainland branches under it, would I have to pay corporate tax? I know customs is 0 but if I deliver to mainland do I need to pay vat only or customs+vat both? thanks.
This depends on if the free zone entity is a qualifying entity.
Very informative thanks. We are looking to establish a free zone company and would be great to have your guidance
pls get in touch with solution@msiauditors.com or contact 0556460108
I need to talk for some advice on free zone
Hi Alok,
Pls call us at +971 55 6460108
or email us at solutions@msiauditors.com
I am based in uae.