Who’s Subject To Corporate Tax In UAE

Broadly, Corporate Tax applies to the following “Taxable Persons”:

  • UAE companies and other juridical persons that are incorporated or effectively managed and controlled in the UAE;
  • Natural persons (individuals) who conduct a Business or Business Activity in the UAE as specified in a Cabinet Decision to be issued in due course; and
  • Non-resident juridical persons (foreign legal entities) that have a Permanent Establishment in the UAE (which is explained under [Section 8]).

Juridical persons established in a UAE Free Zone are also within the scope of Corporate Tax as “Taxable Persons” and must comply with the requirements set out in the Corporate Tax Law. However, a Free Zone Person that meets the conditions to be considered a Qualifying Free Zone Person can benefit from a Corporate Tax rate of 0% on their Qualifying Income (the requirements are included in [Section 14]).

Non-resident persons who do not have a Permanent Establishment in the UAE or earn UAE-sourced income unrelated to their Permanent Establishment may be subject to Withholding Tax (at the rate of 0%). Withholding Tax is a form of Corporate Tax collected at source by the payer on behalf of the income recipient. Withholding taxes exist in many tax systems and typically apply to the cross-border payment of dividends, interest, royalties, and other types of income.

More information about UAE corporate tax 👉🏽  https://mof.gov.ae/corporate-tax/

Dubai Rent By Direct Debit

According to a circular shared by the Dubai Land Department on Monday, tenants in Dubai can now make their rental payments by direct debit.

The new Ejari update features the Noqodi Ejari Direct Debit Service (DDS), allowing tenants to pay rent automatically via direct debit.

The Direct Debit System (UAEDDS) by the Central Bank of the UAE (CBUAE) is to provide the residents of Dubai with an automated payment method that will facilitate recurrent payments from their bank accounts.

Dubai Land Department’s Noqodi Ejari

In addition, the Ejari is now fully integrated with the Noqodi Direct Debit system (UAEDDS). The system will allow tenants to manage the rent payment schedule during the contract creation or renewal process and facilitate recurrent payments from their bank accounts.

This document is a manual to define the steps that are needed to be followed to set up a DDS in Ejari and Noqodi.

Dubai Property Deals This Week

According to data from the Land Department, Dubai saw more than $2.2bn (AED8.1bn) of property transactions this week. A total of 2,574 real estate transactions were conducted during the week ending January 13. The land department data showed that 221 plots were sold for $321.2m (AED1.18bn), while 1,889 apartment and villa purchases worth $1.3bn (AED4.93bn) were made.

Dubai Real Estate Deals

The top three transactions were land in Jabal Ali First, sold for $12.5m (AED46.1m), followed by land in Wadi Al Safa 4, sold for $12.3m (AED45.01m), and land in Al Thanyah Fourth sold for $10.6m (AED39m).


Dubai Property Prices In 2023

Dubai property prices will grow 13.5% in 2023 on the back of strong off-plan interest, say real estate experts. According to the 2023 Premium Prediction study from Knight Frank, Dubai’s prime residential prices are expected to experience the fastest growth internationally in 2023. Due to the growing interest in the market from high-net-worth people and overseas purchasers, prices are predicted to increase by 13.5% in the upcoming year.


Golden Visa U.A.E

The Golden visa is a long-term residence visa that enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes are eligible for the Golden visa. 

 Golden Visa – Real Estate Investors 

The UAE has made the Golden Visa program for foreigners investing in real estate much more attractive. Investors only need to invest AED 2 million when buying a property instead of the AED 5 million required earlier. The duration of the visa has been increased to 10 years from the 5 years granted earlier. Another necessary amendment is that the investor no longer needs to visit the country every 6 months. If the Golden Visa holder dies, family members can stay in the UAE until their golden visa duration ends.

Real estate investors who avail of loans to buy property from specific local banks are also entitled to the Golden Residence Visa under the new guidelines. This visa can also be granted to an investor who buys one or more off-plan properties from approved local real estate companies as long as the total combined value is no less than AED 2 million.