Are UAE Free Zone Companies Still Tax-Free?
The UAE has evolved as one of the most popular destinations for the international business community in recent years. Backed by world-class infrastructure, and powerful government initiatives, the United Arab Emirates attracts entrepreneurs and businesses from the world over. The country’s tax-free status undoubtedly has played a key role in this growing popularity. The UAE Free Zones, in particular, have served as crucial destinations for global businesses due to their favorable tax environment. These Zones offer innumerable benefits, including tax exemptions, hundred percent foreign ownership, etc. With the introduction of a new corporate tax structure, however, there are growing doubts about this tax-free status of the country. Questions about whether companies in the UAE Free Zones will continue to enjoy these benefits or not are being raised. In this blog post, we will present a clearer picture of whether these companies in the UAE Free Zones will continue ...
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