DMCC Audit Deadline 2024 Extended to September 30, 2024 . The Dubai Multi Commodities Centre (DMCC), renowned as the leading Free Zone and Government Authority in Dubai for commodities trade and enterprise, has extended the audit submission deadline for 2024. Initially scheduled for June 30, 2024, the new deadline has now been moved to September […] The post DMCC Audit Deadline 2024 Extended to September 30, 2024 appeared first on NAM Accountants ..read more

UAE Corporate Tax Return Deadline Extended to 31st December 2024 . On 26 September 2024, the Federal Tax Authority (FTA) released decision no.7 of 2024 stating the Postponement of the Deadline to File a Corporate Tax Return and Settle the Corporate Tax Payable for Certain Tax Periods for the Purposes of Federal Decree-Law No. 47 […] The post UAE Corporate Tax Return Deadline Extended to 31st December 2024 appeared first on NAM Accountants ..read more

Dubai is renowned for its innovative approach to enhancing the quality of life for its residents and workers. In a bid to further improve work-life balance and workplace flexibility, the Dubai Government Human Resources Department (DGHR) has launched a pilot initiative titled ‘Our Flexible Summer.’ This groundbreaking initiative aims to reduce the working hours of […] The post Dubai to Reduce Work Hours and Suspend Friday Operations for Select Government Entities appeared first on NAM Accountants ..read more

The Metaverse Service License in Dubai is currently one of the most anticipated business license categories. With advancements in virtual reality, artificial intelligence, and other software technologies, the Metaverse has become a reality. An increasing number of companies are actively involved in developing Metaverse applications, choosing Dubai as their headquarters. The demand for Metaverse Service Licenses in Dubai is expected to surge due to the enormous business opportunities it offers to investors.   What is a Metaverse? The Metaverse is a new world of technology and the evolutio ..read more

Navigating the complexities of corporate tax registration can be daunting, especially with varying deadlines based on the type and status of the entity. This guide breaks down the corporate tax registration deadlines for different categories of taxable persons, including Juridical and Natural Persons, both Resident and Non-Resident. Juridical Person: Resident For resident juridical persons, the deadlines depend on the incorporation date and whether the entity is a foreign entity effectively managed and controlled in the UAE. Incorporated before 1 March 2024: The deadlines for entities incorpo ..read more

The United Arab Emirates (UAE) has emerged as a global business hub, attracting entrepreneurs and investors from around the world. One of the key decisions that business owners must make when setting up a company in the UAE is choosing between a Mainland and a Free Zone setup. Each option comes with its unique set of advantages, regulations, and implications for business operations. In this blog, we will explore the primary differences between company formation in Mainland and Free Zone in the UAE. Mainland Company Formation Overview A Mainland company is an onshore entity licensed by the Depa ..read more

Company formation in Dubai is the process of registering and setting up a legal entity for doing business in the city. The process can vary depending on the type of company you wish to form and the jurisdiction you choose. Some of the most common types of company formations in Dubai include: Limited Liability Company (LLC): This is the most common type of company formation in Dubai and is suitable for most types of businesses. An LLC must have at least one local sponsor (a UAE national who holds a 51% stake in the company) and at least one foreign partner (who holds the remaining 49% stake ..read more

Navigating Dubai’s crypto tax landscape is like exploring a constantly evolving financial oasis. As a growing hub for cryptocurrency investors and businesses, Dubai combines regulatory clarity with tax incentives, attracting many to its shores. The city’s legal framework and tax regime are designed to foster growth and innovation in the digital asset sector while offering significant savings for individual investors through the absence of capital gains and personal income tax on crypto holdings. We delve into Dubai’s dynamic approach to crypto taxation, its intricate regulatory environment, an ..read more

EmaraTax will require a mandatory UAE Pass login. The post EmaraTax will require a mandatory UAE Pass login. appeared first on NAM Accountants ..read more

The UAE Golden Visa represents a pioneering venture in long-term residency, tailored to provide unmatched advantages for foreign talents, investors, and their families. It goes beyond typical visa programs by bestowing unique privileges, such as property ownership rights and exemption from the requirement of a local sponsor. Additionally, it provides access to top-tier healthcare and education services, along with tax-related benefits. This strategic initiative is meticulously crafted to attract skilled professionals and enhance the UAE’s vibrant growth and global standing. What is a Dubai gol ..read more