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In the area of transferring tax residency in the UAE, it is easy to come across incorrect or misleading information. Faced with this ambient confusion, our mission is to offer you proven and reliable advice.
I guarantee the veracity of each recommendation regarding your tax move, thus ensuring a smooth transition to the UAE.
MAJ was selected by the authorities to educate and inform the public of entrepreneurs and professionals about the arrival of this tax and to provide a clear interpretation on this subject.
We will carefully analyze your existing configuration and provide you with tailor-made recommendations to maximize your financial performance each year, while respecting the tax regulations in force.
Learn MoreOur tax department
Experts-tax specialists
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FAQ
Frequently asked questions and answers
Legal & Tax Optimization, that is to say?
- Complete study of your current set-up of your company(ies) in France.
- Analysis of your personal situation and its impacts in the context of a re-invoicing transaction between Dubai and France.
- Proposal of an optimization plan in compliance with the requirements of the French tax authorities and the local obligations of the UAE
- Implementation of the plan and completion of the establishment formalities
What are French & Emirati bonds?
- This concerns the keeping of your accounts and the establishment of financial statements to local standards.
- Filing of accounts and monitoring of reporting obligations (including VAT returns).
- The implementation of a re-invoicing agreement if necessary.
- Application of the tax treaty between France and the Emirates
- The drafting of employment contracts and the publication of payslips and social declarations.
Is Dubai considered a tax haven?
No, this is no longer the case.
In 2019, the Emirates adopted international standards for the creation of offshore companies. Since then, Dubai is no longer part of the black list of tax havens established by the OECD or the gray list.
Is there a tax risk by coming to set up in Dubai?
Each project is unique and must be subject to intelligent analysis. Setting up in Dubai is not THE good idea that applies to everyone. And creating companies blindly can expose you to the risk of recovery by the French tax authorities.
In the event of recovery, you will have to pay the tax you should have paid in France, + penalties (10% in the event of a 'simple error' certified by the tax authorities, 40% in the event of 'bad faith' and 80% in case of suspected tax evasion) + fines.
Our support will allow you to know which is the best plan for you legally.
Are there taxes in Dubai?
Yes there is.
There is a 5% VAT and a 9% corporate tax on profits exceeding AED 375.
Is there an obligation to file accounts and keep accounts in Dubai?
No obligation but it is strongly recommended.
There is no obligation to keep accounts in Dubai, but it remains the best evidence in terms of tax and financial security. In the event of a tax audit, how will you prove that you have complied with the law? To use your financial leverage in the Emirates, how will you prove the good health of your business? The answer is simple: good accounting certified by a chartered accountant is the best guarantee of trust.
ContactDo you want to meet us ?
Available 7 days a week
10:00 AM - 22.00 PM
Monday - Sunday
Contact
+971585142476
contact@maj.ae
