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24/02/2025 Incorporation

Is your business Corporate tax ready?

Navigating the corporate tax landscape in the UAE is crucial for Free Zone companies aiming…

04/02/2025 Tax Updates

UAE Taxation Landscape: In a Nutshell admin February 4, 2025 Understanding UAE Tax Compliance in…

Starting a business can be overwhelming, but KPSN simplifies the process for you. From choosing the right business structure to obtaining licenses, permits, and government approvals, we guide you through every step of company formation in the UAE.
Our expert team handles all documentation and ensures compliance with local laws. Whether it’s opening a bank account, finding office space, or ongoing support, KPSN offers tailored solutions to help your business succeed seamlessly in UAE’s dynamic market.

Corporate tax is currently set at 9% (subject to certain thresholds and small business reliefs) on the taxable income of businesses.
In the UAE, corporate tax is effective June 2023 and has been introduced to align with global taxation standards, promote transparency, and discourage unfair tax practices. It aims to strengthen the UAE’s position as a global business hub.
Corporate tax applies to businesses operating under commercial licenses including free zone companies. However, Free zone incentives remain available for compliant businesses on fulfilling certain conditions.

Outsourcing accounting helps free up the time spent on recording and book-keeping, that can be better utilized by business for critical aspects involving strategic decision making. It also helps eliminate expenses associated with hiring, training, and maintaining in-house accounting staff, as well as office space and employee benefits. By only paying for completed tasks, you can redirect resources toward growth areas such as real estate and staffing, maximizing your competitive advantage and efficiency in Dubai’s market.

Internal audit is mandated for companies in regulated sectors, such as listed firms or those institutions regulated by UAE Central Bank. While not mandatory for privately-owned businesses, many opt for internal audits to enhance governance, improve processes, and strengthen operational efficiency and controls.
At KPSN, we offer top-tier internal audit services to ensure your business stays compliant and competitive. Outsourcing internal audits can save time and resources while availing specialized and cost-effective solutions. Let us help you strengthen your governance and focus on growth, with a risk-based approach that delivers results. Reach out to learn more about how we can support your business.