​Corporate Tax Registration - JAFZA
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Legal Person Registration under UAE Corporate Tax - JAFZA |
We facilitate and advise in the CT Registration of Jebel Ali Free Zone (JAFZA) based companies, institutions and entities subject to Corporate Tax Regulations in UAE with the Federal Tax Authority (FTA).
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Legal Person (Juridical Person):
A legal person refers to an entity incorporated or otherwise established or recognized under the laws and regulations of the UAE, or under the laws of a foreign jurisdiction, that has a legal personality separate from its founders, owners and directors. Separate legal personality means that the entity has its own rights, obligations and liabilities distinct from its founders or owners.
Resident Legal Person (Juridical Person):
A legal person is a Resident Person for the purposes of Corporate Tax in UAE if it is incorporated or otherwise established or recognized in the UAE (this includes juridical persons incorporated, established or otherwise registered in Free Zones) or incorporated or otherwise established or recognized outside the UAE but is effectively managed and controlled in the UAE.
Non Resident Legal Person (Juridical Person):
A foreign legal person that operates in the UAE through a Permanent Establishment or that has a taxable nexus in the UAE would also be subject to Corporate Tax
Corporate Tax Registration
Who should register under the UAE Corporate Tax ?
A Taxable Person shall register for Corporate Tax with the Authority in the form and manner and within the timeline prescribed by the Authority and obtain a Tax Registration Number unless otherwise it is exempted from the obligation of the UAE CT Registration.
Also the Taxable Persons are required to file a Corporate Tax Return, irrespective of whether they have made a profit or not. Taxable Persons with Tax Losses should ensure they file a Corporate Tax Return in order to ensure that these losses can be used to reduce Taxable Income of future Tax Periods.
Legal Person (Juridical Person) subject to the Corporate Tax :
01. Legal (juridical persons) incorporated in the United Arab Emirates
02. Foreign Legal (juridical persons) that are effectively managed and controlled in the United Arab Emirates
03. A Foreign Legal (juridical persons) that operates in the United Arab Emirates through a Permanent Establishment
04. A Foreign Legal (juridical persons) that has a taxable nexus in the United Arab Emirates
Who is a Taxable Person ?
A Person subject to Corporate Tax in the UAE under the Corporate Tax Law.
Tax Registration :
Tax Registration under UAE CT is a procedure under which a Person registers for Corporate Tax purposes with the Authority. The registration for the same is to be made on the Emara Tax Portal of the Federal Tax Authority
Tax Registration Number (CT TRN) :
Tax Registration Number under UAE CT is a unique number issued by the Federal Tax Authority to each Person who is registered for Corporate Tax purposes in the UAE.
Where to Register for the CT TRN ?
Persons that are required to register for Corporate Tax will need to set up an online account on the Emara Tax Portal of the Federal Tax Authority.
Type of Legal Persons based in Jebel Ali Free Zone in Dubai, UAE |
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Free Zone Establishment (FZE) - Legal Person
FZE registration allows for a single shareholder to form a company. This shareholder can be an individual (person) or a non-individual (company). An FZE is essentially a Limited Liability Company (LLC) within the free zone, meaning that the liabilities of the company are limited to its paid-up capital. An FZE has a legal personality distinct from that of its shareholder and has the capacity, rights, and privileges of a person.
Free Zone Company (FZCO) - Legal Person
Free Zone Company (FZCO) registration allows for multiple shareholders to form a company. The shareholders can be individuals (people) or non-individuals (companies). An FZCO is essentially a Limited Liability Partnership (LLP) within the free zone, with the liabilities of the company limited to the paid-up capital. The shareholders of an FZCO can be from two to fifty individuals or non-individuals or a combination of both.
Public Listed Company (PLC) - Legal person
A Public Listed Company (PLC) is different from a privately held company. A public comp is an entity that has sold all or a portion of itself to the public via an initial public offering (IPO), meaning that shareholders have a claim to part of the company's assets and profit. JAFZA PLC formation allows for the setup of a company that is essentially a limited liability company, meaning that the liabilities of the company are limited to its paid-up capital. A Public Listed Company within JAFZA can have two or more shareholders. This type of corporation has a legal personality distinct from its shareholders and can exercise all rights as if it were an individual person with their own assets. A PLC must list shares on a stock exchange in accordance with market laws and may allow the public to subscribe to its shares.
Branch of a Company - Legal Person
A branch of a company is a legal entity of the parent company. Any company established outside the Jebel Ali Free Zone can establish a branch within JAFZA. The branch company should be 100% owned by the parent company, operate under the same name, and conduct the same business activities.
Setting up a branch of an existing company within JAFZA has its perks and benefits. Such a formation can help existing companies seamlessly continue doing business without any operational changes.
Setting up a branch of an existing company within JAFZA has its perks and benefits. Such a formation can help existing companies seamlessly continue doing business without any operational changes.
Note : Branches of a domestic or foreign juridical person are regarded as an extension of their head office and, therefore, are not considered separate juridical persons for the purpose of the UAE Corporate Tax Regulations.
Offshore Company - Legal person
An offshore company is fundamentally different from a free zone company in terms of how it operates. An offshore company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership.
An offshore company setup in JAFZA requires a minimum of one or more shareholders. There is no restriction on the maximum number of shareholders for this formation type. A shareholder can be an individual (person), a non-individual (company), or a combination of both. An offshore company is essentially a limited liability partnership within the free zone, with the liabilities of the company limited to its paid-up capital.
An offshore company setup in JAFZA requires a minimum of one or more shareholders. There is no restriction on the maximum number of shareholders for this formation type. A shareholder can be an individual (person), a non-individual (company), or a combination of both. An offshore company is essentially a limited liability partnership within the free zone, with the liabilities of the company limited to its paid-up capital.
Gupta Accountants competent team as UAE Corporate Tax Consultants and Advisors in Dubai, United Arab Emirates, provides support at all the stages of compliance with UAE Corporate Tax (CT) for the Jebel Ali Free Zone (JAFZA) companies, institutions and entities.
Why Gupta Accountants ?
- Professionally qualified Chartered Accountants with in-depth knowledge about the UAE Corporate Tax in Dubai.
- Cost Effective Corporate Tax compliance services in UAE.
- Compliance to local, International standards & applicable rules and regulations.
- Comprehensive support on compliance with the UAE Corporate Tax
