calendar_month 2023/Jul/02
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The UAE has not assigned a tax for bank accounts and financial transactions, and account holders do not have to pay taxes to carry out their financial transactions. The amount of tax for company registration is 5% of the total cost spent to set up the company. The annual renewal of your company requires re-payment of this tax to the UAE government.
Therefore, company registration in this country requires much lower costs than many other countries. These tax payment laws can be considered as an incentive to attract different investors from foreign countries and in this way bring more economic prosperity to this country.
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