Tax Compliance in Fujairah - Benefit from 15+ Yrs GCC Expertise

No, there’s no personal or wealth income tax in Fujairah. The UAE also doesn’t have capital gains or gift taxes. This significantly reduces your tax compliance cost, revenue involved in taxation, and administrative overheads.

Our consultants will assist you in computing taxable income, registering you for corporate tax/VAT/Excise tax, filing monthly to annual tax returns, representing you before tax authorities, and optimizing your liability.
We'll also oversee the Economic substance regulation returns, ultimate beneficial ownership declarations, and tax advisory/structuring in case you want to venture into an M&A.

Currently, there are more than 130 double tax agreements with over 140 international jurisdictions, including top economies like India, Germany, China, Japan, and the UK. The treaties help nonresidents avoid double taxation on dividends, interests, and royalties. It also reduces the withholding taxes through a tax residency certificate.

A tax residency certificate basically means that you’re a tax resident in the United Arab Emirates for a particular period. We'll help you obtain several benefits under it, including:

• Preventing dual taxation on the same income in your home country, through some exemptions, a few reductions/credits. 
• When you earn dividends, royalties, interests, and profits in the UAE, you may get taxed in your native country if it has withholding taxes. Under a TRC, you can significantly reduce your tax rates to 0-10% instead of 25-30%. 
• In case you’re a tax resident in the UAE and provide services to other countries through a remote setting, then you don’t have to pay any taxes in your home jurisdiction under the no real substance (PE) rule. 

We'll help you resolve and settle disputes by proving your residency, avoiding treatment of residency in another country, and providing comprehensive support during audits/legal proceedings.

Yes, you can repatriate your capital gains and earnings because the UAE is a free economy, which allows businesses to move their profits and funds freely without any currency control or withholding taxes. Your corporate bank account authority will require complete financial statements to review the legitimacy of the funds.
Don't stress over tax compliance- let Enterslice take care of the tax treatment and minimize the liability in your home country.

The UAE’s federal tax authority will levy heavy fines ranging from USD 140 to USD 14,000 for small to serious violations like ESR delayed reporting, tax evasion, and fraud. Corporate tax penalties can extend to up to USD 5500.

You can benefit from the 0% corporate tax rate, provided you prove the specific economic substance requirements within the free zones. You can only benefit from this if you’re a registered company in Fujairah’s free zone (FFZA) or creative city and don’t have any operations with the mainland entities.

You need to maintain documents like expense reports, income statements, invoices, purchase orders, balance sheets, profit & loss accounts, and cash flow for at least seven years.
Additional paperwork like MOA, AOA, registration certificate, trade license, business plan, ID proofs, business address, and bank statement will be required for registration and reporting.

Our consultants will assist you in optimizing your company’s tax position and taxable income with strategic planning, operations structuring, and identification of eligible deductions/credits.
Enterslice’s tax team will provide expert analysis of business operations and transactions to ensure you get every single tax incentive, while simultaneously maintaining complete compliance with the UAE legislation.

• Specialized expertise with professionals with experience and in-depth knowledge in the UAE tax legislation, with tax treatment in the mainland and free zone. Experts continuously track and monitor changes and filing deadlines to assist you in avoiding potential legal/regulatory risks. 
• Companies can save a lot of money involved in hiring, training, and staff maintenance in-house teams by signing up with a consulting firm that brings hands-on experience. It also simultaneously reduces your overhead costs on salaries, benefits, and tax software/infrastructure. 
• Outsourced tax teams will help you avoid missing deadlines and filing inaccurate returns. They implement robust controls, minimizing compliance risk.
• You can concentrate on your core business functions by outsourcing the tedious tax tasks like registration, reporting, and bookkeeping. This will significantly save crucial time for strategizing and business growth. 
• Business-managed services like outsourcing can be scaled up and down as per the tax seasons and business needs.
• Most firms use advanced tech solutions like cloud-based software and automated accounting tools, allowing SMEs and startups in Fujairah mainland free zone companies to benefit from hi-tech solutions without having to invest and manage software licenses.