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The framework for tax in UAE have gone through a radical change recently, and while it may take some time for the citizens to get familiar with the latest tax regulations, there some areas that are still operating unaffectedly. Most Emiratis are familiar with the fact that value-added tax (VAT) has been implemented across various sectors in the country from January 1, 2018. However, a lot of people still don't know which areas are exempted from the VAT.

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Vat in dubai

The recent addition of the VAT has given birth to a new rise in demand for professionals like VAT consultants in Dubai and the other parts of the UAE. These professionals can help any business to properly carry out all the VAT related tasks and avoid any penalty. But, to work as a professional, it is required for all individuals to complete their tax agent registration first. The FTA or Federal Tax Authority has set some specific criteria which need to be fulfilled in order to apply for the registration. So, any expert wishing to serve as a VAT consultant in this nation must have complete knowledge about this registration.

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VAT IN UAE

A lot of people, especially the foreign investors stress on the process of company setup in UAE rather than focusing on what type of business structure will be ideal for his/her business. You will be surprised to know that you can establish your company in the UAE in 7 different forms. Each of the business structure varies from the next one in so many aspects. If you are willing to set up a business in the UAE, you may need to choose any of the following forms of business structure for your company.

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