When it comes to dealing with clients in the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM), AJA Experts excels in providing specialized services tailored to meet their unique needs. We understand the regulatory frameworks and compliance requirements of these financial free zones, allowing us to offer comprehensive solutions and expert advice to businesses operating within these jurisdictions. Our team of professionals is well-versed in the specific legal and financial intricacies of DIFC and ADGM, ensuring smooth transactions, accurate reporting, and adherence to the highest standards of professionalism. Trust AJA Experts to navigate the complexities of dealing with DIFC and ADGM clients, providing reliable and efficient services that drive your business forward in these prominent financial centers.
AJA Experts, as a professional tax consultant in Dubai, is well-versed in the Economic Substance Regulations (ESR) implemented by the UAE. We understand the importance of demonstrating substantial economic activities within the country, in accordance with global standards set by organizations such as the OECD and the EU.
Our expert team assists businesses in complying with the ESR requirements, ensuring that their operations are not solely driven by tax advantages in low-tax jurisdictions. By adhering to the ESR, companies can prevent harmful tax practices and maintain their reputation as responsible and compliant entities. Trust AJA Experts for reliable guidance and support in navigating the complexities of the Economic Substance Regulations in the UAE.
Our Services Include
Our professional team at AJA Experts provides a range of services to assist businesses in dealing with the Economic Substance Regulations in Dubai:
Initial Assessment: We conduct a comprehensive assessment and gap analysis to determine if your business falls within the scope of the Amended Regulations. We identify any non-compliant aspects and assess if your business fulfills the Economic Substance Test.
Corporate Actions: Based on the assessment, we provide suggestions and help you implement corrective or preventive corporate actions to ensure your business meets the requirements of the Economic Substance Test.
Compliance Assistance: We assist in identifying if your business is subject to the Amended Regulations and conducting Relevant Activities in the Reportable Period. We guide you through the compliance requirements and provide assistance in filing or re-filing the Notification and Substance Return with the Ministry of Finance.
Ongoing Compliance: Our team offers ongoing review services to ensure your business maintains ongoing compliance with the Amended Regulations. We also assist in preparing any necessary documentation and review information that needs to be submitted to the authorities.
Count on AJA Experts for reliable support and guidance to navigate the complexities of the Economic Substance Regulations and ensure your business remains compliant with the regulatory requirements in Dubai.
Tax Consultant in Dubai
The concept of Ultimate Beneficial Owner (UBO) refers to the individual who ultimately owns or controls a company and benefits from its activities. The UAE has implemented UBO Regulations to address concerns related to financial fraud, money laundering, tax evasion, and hidden ownership structures. Under these regulations, companies are required to maintain registers of UBOs, nominee directors/managers, and shareholders. Non-compliance with the UBO Regulations can result in administrative penalties, including fines. The aim of these regulations is to enhance transparency, combat illicit activities, and improve corporate governance in the UAE. It is recommended for UAE companies to seek guidance from legal and professional advisors to ensure compliance with the UBO Regulations.
Advisory Services in UAE
Our business advisory services are designed to assist dynamic entrepreneurs and organizations in shaping their futures and achieving their business objectives. With a team of expert consultants and advisors, we provide clear and practical guidance to drive transformation, optimize performance, and navigate business challenges in Dubai and across the UAE. Our comprehensive range of business advisory services includes financial feasibility analysis and reports, support for mergers, acquisitions, and divestitures, market risk measurement and management, due diligence assistance, corporate finance solutions, project finance support, restructuring services, business valuation, brand valuation, financial modeling, and capital budgeting, as well as business plan development. By leveraging our expertise and industry knowledge, we help businesses become agile, forward-thinking organizations ready for growth and success in the dynamic UAE business environment. Don't wait to shape your future – let us be your trusted partner on the journey towards achieving your business goals.
Excise tax is an indirect tax imposed on specific goods that are deemed harmful to human health or the environment. It was introduced in the UAE in 2017. Excise goods include carbonated drinks, energy drinks, tobacco products, electronic smoking devices and tools, liquids used in such devices, and sweetened drinks. The rates of excise tax vary depending on the type of goods. Carbonated drinks are subject to a 50% tax rate, while tobacco products, energy drinks, electronic smoking devices, and liquids used in such devices are subject to a 100% tax rate. Additionally, products with added sugar or other sweeteners are subject to a 50% tax rate. Businesses engaged in importing excise goods, producing excise goods for consumption in the UAE, stockpiling excise goods, or overseeing an excise warehouse or designated zone are required to register for excise tax. The Federal Tax Authority (FTA) provides support and guidance to ensure compliance, and non-compliance may result in audits and penalties imposed by the FTA. It is crucial for businesses to fulfill their compliance obligations and adhere to the excise tax regulations to avoid penalties and ensure adherence to the law.