Plain-English definitions for every term you will encounter when starting a business in the UAE.
9 terms
A 9% federal tax on business profits exceeding AED 375,000, effective from June 2023.
A mandatory national identity card issued by the Federal Authority for Identity and Citizenship (ICP) for all UAE residents.
A designated area in the UAE where businesses enjoy 100% foreign ownership, zero income tax, and full profit repatriation.
A long-term residence visa (5 or 10 years) for investors, entrepreneurs, and skilled professionals that does not require a national sponsor.
A business registered under the UAE Department of Economic Development (DED), allowing trade anywhere within the UAE and internationally.
Public Relations Officer services that handle government paperwork, visa processing, and document clearing on behalf of businesses.
The official government permit required to conduct business in the UAE, specifying the activities a company is allowed to perform.
A 5% tax applied to most goods and services in the UAE, with mandatory registration for businesses exceeding AED 375,000 in annual taxable supplies.
The maximum number of residency visas a free zone company can sponsor, determined by the type of office space or package chosen.