Yes. Under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, all UAE businesses must maintain financial records and underlying books for a minimum period of 7 years. Books must comply with International Financial Reporting Standards (IFRS).

Corporate tax is applied at 0% on taxable income up to AED 375,000, and 9% on taxable income exceeding AED 375,000. Qualifying Free Zone Persons earning Qualifying Income may benefit from 0% tax on that income, provided they maintain adequate substance and meet statutory conditions.

VAT registration is mandatory when your business's taxable supplies and imports exceed AED 375,000 within the previous 12 months or are expected to exceed that threshold in the next 30 days. Voluntary registration is permitted once taxable supplies or expenses exceed AED 187,500.

Yes. Amendments to the UAE Commercial Companies Law (Federal Decree-Law No. 26 of 2020) permit 100% foreign ownership for commercial and industrial mainland activities without requiring a local Emirati partner, subject to specific regulatory activity guidelines.

Small Business Relief allows eligible resident taxable persons with gross revenue of AED 3,000,000 or less in the relevant tax period and prior periods to elect to be treated as having derived no taxable income. Under Ministerial Decision No. 131 of 2026, it is available for tax periods ending on or before 31 December 2029.