Direct Answer: All UAE companies must now register for corporate tax (9% on profits above AED 375,000) and potentially VAT (5% if revenue exceeds AED 375,000). Free Zone companies in IFZA or Meydan can often qualify for a 0% rate if they maintain “substance” and deal with “qualifying persons.”

Detailed Expansion: The UAE’s tax landscape has changed. You can no longer just “open a company and forget it.” Every company must have a Tax Registration Number (TRN) for corporate tax, even if they owe zero tax.

First Idea Consultant provides a full accounting and tax suite:

Registration: We handle your FTA registration for both VAT and corporate tax.

Bookkeeping: We provide monthly or quarterly bookkeeping to satisfy the law that requires companies to keep records for 5–7 years.

Corporate Tax Optimization: For our clients in IFZA, Meydan, and Sharjah, we help structure their contracts and “substance” (office/staff) so they can legally claim the 0% tax rate as a “Qualifying Free Zone Person.”

Failure to register or file returns can result in heavy fines (starting from AED 10,000). Our goal is to protect your profits by ensuring your company is 100% compliant from day one.