Our experts simplify compliance for you:
✔ Clear guidance on all legal requirements
✔ Stress-free licensing and paperwork
✔ Always-updated regulatory knowledge
Focus on your business – we’ll handle the rules!
UAE businesses require a legal and regulatory framework to operate without disruption. Following are the compliance services we provide business owners.
According to the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022), businesses have to pay corporate tax on profits. That law came into effect on June 1, 2023.
Therefore, UAE businesses must:
We ensure accurate corporate tax registration, reporting, income classification, and compliance with deductible and non-deductible business expenses. We also plan to reduce corporate tax liability.
The Value Added Tax introduced on January 1, 2018 under Federal Decree-Law No. 8 of 2017. VAT is levied at 5% on most goods and services. In fact all businesses must adhere strictly to VAT laws set by the Federal Tax Authority (FTA). According to the UAE VAT law 2018, businesses increasing the threshold of AED 375000 must;
EZ Setup assist businesses with;
According to the UAE Cabinet Resolution No. 58 of 2020, businesses have to disclose the UBO (Ultimate Beneficial Owners). Specifically for individuals who own or control at least 25% of the company and ensure international anti money laundering standards.
We help businesses with following:
Designated Non-Financial Businesses and Professions (DNFBPs) involving businesses such as real estate, auditing, gold trading, and legal consultancy must comply with AML regulations.
EZ Setup involves following services:
Above mentioned services comply with Federal Decree-Law No. 20 of 2018 on AML and the Cabinet Decision No. 10 of 2019.
Many free zones, mainland, and banks require financial audits for transparency. We provide services to maintain transparency such as:
We make sure that your audit books are ready, on-time license renewal, smooth bank operations, and investors due diligence.
If the company’s internal framework is strong then the chances of compliance risks reduce. Our services are following;
WPS is a basic and mandatory payroll system introduced by the UAE Ministry of Human Resource and Emiratization (MOHRE). The system is specifically to regulate timely and transparent salary payments.
EZ Setup helps businesses in many ways such as:
WPS is compulsory compliance to maintain in all private sectors. If the companies are noncompliant with WPS then they’ll face work permit ban, hefty fines, and license suspension.
UAE businesses require business license renewal annually. The renewal is to make sure that the businesses remain legally compliant with the regulatory authorities. EZ Setup help business stay complaint in following ways:
On 30th April 2019, the UAE Cabinet passed the Cabinet of Ministers Resolution No. 31 of 2019 about the Economic Substance Regulations (ESR). These rules make sure that the business is operating in the territory of the UAE. Inclusive Framework on Base Erosion and Profit Shifting (BEPS) ensures that profits are not moving to low-tax countries while business activities are happening elsewhere. Owners have to provide proof of business operations.
Accordingly, the UAE has been added to the European Union‘s list of non-cooperative tax jurisdictions. Due to concerns raised by the European Commission, the UAE’s legislation should also be aligned with the OECD’s (Organisation for Economic Co-operation and Development) Base Erosion and Profit Shifting (BEPS) action plan through the regulations.
ESR requires all businesses whether having a commercial license, certificate of incorporation, or similar permits issued by any license regulatory authority to carry out one or more Relevant Activities. Whereas, ESR excludes UAE licensees with direct or indirect holding of at least 51% by any UAE Government authority or private authorities.
At EZ Setup, we understand that compliance is not a one-size-fits-all concept. Our team works closely with you to create a customized compliance strategy that aligns with your business goals. Let us be your trusted partner in navigating the complex world of business compliance in Dubai. Contact us today, and let’s ensure your business operates seamlessly within the bounds of UAE’s regulatory framework.
