PrimeFour Consulting emphasizes strategic tax planning tailored to the unique needs of your business. We guide multinational groups in making informed decisions that align with both short-term goals and long-term objectives.

Global Perspective:

We adopt a forward-thinking approach, anticipating potential consequences of tax planning decisions on a global scale. Our focus is not just on compliance but on aligning tax strategies with the broader business objectives of our clients.

Navigating Complexities:

Understanding the intricacies of domestic tax laws, double tax treaties, and multilateral agreements can be challenging. PrimeFour Consulting simplifies these complexities, ensuring that your business operates smoothly across borders.

At PrimeFour Consulting, we are committed to being your trusted partner, providing international tax services that cater to businesses of all sizes in the UAE. Whether you are a small enterprise or a multinational corporation, we work with you to navigate the dynamic tax landscape and contribute to the success of your business.


 

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FAQ's

A Freezone Company in the UAE is a business entity established within a designated free zone, offering foreign investors various advantages such as 100% foreign ownership, tax exemptions, and simplified import/export procedures.

Yes, both individuals and foreign corporate entities can own a Freezone Company. This is one of the key advantages of setting up a business in a UAE free zone.

Corporate Tax is a type of direct tax imposed on the net income or profit of companies and businesses. It is also known as "Corporate Income Tax" or "Business Profits Tax" in some regions.

The UAE Corporate Tax becomes effective for Financial Years starting on or after June 1, 2023.

For example:

  • A business with a Financial Year starting on July 1, 2023, is subject to UAE Corporate Tax from that date.
  •  A business with a Financial Year starting on January 1, 2023, will be subject to UAE Corporate Tax from January 1, 2024.

Yes, UAE Corporate Tax applies irrespective of the ownership nationality. It covers entities locally or internationally owned.

The UAE introduced VAT to diversify income sources and maintain the high standard of public services. It is a 5% tax applied to most goods and services.

Let us say a mobile phone is manufactured and sold through various stages—manufacturer to wholesaler to retailer, and finally to the consumer. At each step, a 5% VAT is applied, and businesses can claim a refund on the VAT they have paid on their purchases.

The standard VAT rate is 5%, but there are categories like zero-rated (0% VAT), exempt (no VAT), and deemed supplies.

Businesses must register for VAT if their taxable supplies exceed AED 375,000 per year or voluntarily if it exceeds AED 187,500.

Accounting is the systematic recording, reporting, and analysis of financial transactions, while bookkeeping involves the daily recording of financial transactions.

Accounting provides a clear picture of your financial health, helps in making informed decisions, and ensures compliance with financial regulations.

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