- Newsletter, U.A.E.
- May 8, 2025
The UAE Ministry of Finance has introduced crucial changes that can affect tax groups and Free Zone businesses. The authorities have amended its guidance under the Corporate Tax Law, Federal Decree-Law No. 47 of 2022. The regulation now requires all tax groups to prepare audited special purpose aggregated financial statements. This is a significant step that will align financial reporting standards in the UAE with international compliance benchmarks.
Lawmakers in the UAE prioritize transparency and strive to reduce ambiguity as they introduce these amendments. Businesses must seek professional advisory services from an established corporate tax consultant in UAE to remain compliant.
Special Purpose Financial Statements Now Mandatory for Tax Groups
While the requirement applies to all tax groups as a whole, individual entities within the group are exempt from preparing audited stand-alone statements. This norm will significantly reduce operational burdens without compromising the integrity of consolidated reporting.
The goals of the UAE Ministry of Finance are clear, as they strive to ensure consistency in reporting and streamline tax obligations. With this approach, the UAE can uphold its reputation as a transparent and investor-friendly country. These special purpose statements will be a vital component of corporate tax assessments in the future.
New Guidance on Distribution Activities Expected for Free Zone Businesses
The updated set of norms also explains the tax implications of Qualifying Free Zone Persons. This applies particularly to those involved in distribution activities within or from Designated Zones. Interestingly, existing tax benefits under the Free Zone regime remain unchanged. However, businesses in this category must await further clarification regarding the procedures.
The FTA is likely to issue a detailed guidance that should help these entities comply with the new set of norms. This ensures that they can maintain their eligibility for the 0% Corporate Tax rate, where applicable.
For businesses dealing with logistics, supply chains, or trading in the Free Zones, this clarity is essential to develop strategy that ensures compliance.
Strategic Implications for Corporations Operating in the UAE
The new regulatory updates reflect the key priorities of the UAE. The country strives to ensure compliance and maintain a competitive edge in global commerce. Businesses, therefore, must consult reputed tax professionals to adhere to the best accounting practices. With expert support, companies operating in the free zone can comply with the eligibility criteria.
For corporate groups in the UAE and Free zone companies, this is the right time to seek expert advisory services. Professionals can offer a comprehensive solution, scrutinizing the financial consolidation process and helping businesses prepare for audits in the future.
Corporate Tax Consultation Services in UAE
Regulatory changes can be demanding for businesses prioritizing compliance. MNCs and Free Zone entities must react to these changes and stay ahead of them. An experienced corporate tax consultant in UAE, like the IMC Group, can help organizations with end-to-end support to ensure compliance. The professionals evaluate the structure of corporate groups and help these organizations align with the right financial reporting processes.
Free Zone businesses can also seek expert insights as they prepare for the clarifications likely to be issued by the FTA. With professional support, companies can maintain their tax efficiency under the evolving corporate tax framework in the UAE.
- Press Release
- April 30, 2025
IMC Group's Dubai Branch Awarded "Most Trusted Corporate Advisory & Business Solutions Provider" at UAE Business Awards 2025
Dubai, UAE – IMC Group proudly announces that its Dubai branch has been awarded the title “Most Trusted Corporate Advisory & Business Solutions Provider 2025 – Dubai” by MEA Markets at the esteemed UAE Business Awards. This prestigious accolade underscores IMC Group’s unwavering commitment to delivering exceptional business setup consultancy and corporate compliance solutions for clients across Dubai and the UAE.
This recognition reflects our commitment to helping businesses navigate Dubai’s complex regulatory environment. We provide our clients with the essential support to thrive in a highly competitive market. As trusted business setup consultants, we provide comprehensive corporate advisory services, guiding clients through every step, from company formation to compliance, so they can operate smoothly and legally in the region.
A Client-Centric Approach to Corporate Solutions
Our ongoing success arises from prioritising our clients. Focusing on our clients’ distinct needs, we provide customised and effective solutions that enable businesses in diverse sectors to thrive. Our team specialises in corporate advisory, helping businesses establish their presence in Dubai and maintain compliance with local regulations, which significantly minimises their risk of non-compliance.
Receiving this recognition is a remarkable milestone for our Dubai team. It reflects our team’s dedication and excellence in assisting clients with business setup and corporate compliance every day. This acknowledgement strengthens our commitment to providing reliable and comprehensive advisory services that guide businesses through every phase of their journey in Dubai.
Comprehensive Corporate Compliance Solutions
As expert business setup consultants in Dubai, we offer a range of services, including company formation, trade licenses, PRO services, and ongoing compliance support. Our in-depth understanding of corporate governance and legal frameworks enables businesses to navigate Dubai’s dynamic regulatory landscape confidently.
We help businesses choose the right free zone or mainland setup, ensuring they meet legal requirements and achieve operational success in the UAE. Our dedicated team collaborates with clients to offer end-to-end support, ensuring every step of the process—from initial setup to ongoing compliance—is executed seamlessly.
Setting New Standards in the Industry
Receiving this award highlights IMC Group’s leadership in corporate advisory and business setup in Dubai. Through our comprehensive services, we constantly set new benchmarks in the industry for corporate compliance, business structuring, and regulatory support.
We are dedicated to supporting businesses in their growth and success by providing strategic, timely, and tailored guidance that addresses each client’s unique needs.
For more information about our consulting services for business setup and corporate compliance solutions, please visit us at https://intuitconsultancy.com/ae/
- Article, SINGAPORE
- April 30, 2025
Singapore has long been a global hub for investment, and the country continues to attract foreign investors through its unique initiatives. The government here has developed the Global Investor Programme (GIP), attracting high-net-worth individuals and entrepreneurs.
As a part of this program, Singapore offers permanent residency to high-net-worth individuals (HNWIs), entrepreneurs, and established business owners in exchange for substantial business investments. In the process, the country aims to strengthen its economic environment and foster innovation.
This approach has been effective for Singapore as it creates job opportunities while providing investors with a stable and business-friendly environment.
- What is the Global Investor Programme (GIP)?
- Eligibility Criteria for the Global Investor Programme (GIP)
- Investment Options under the Global Investor Programme (GIP)
- Application Process for the Global Investor Programme (GIP)
- Documentation and Compliance Requirements
- Compliance Requirements
- Benefits of GIP Permanent Residency
- Why Do Investors Prefer Singapore as a Business Hub?
What is the Global Investor Programme (GIP)?
Foreign entrepreneurs can obtain a Permanent Residency (PR) in Singapore by making strategic investments into the country’s economy. The GIP program is administered by Contact Singapore. This is a division of the Singapore Economic Development Board (EDB). It has been designed to attract individuals who have a proven track record in certain fields and are ready to contribute to the economy of the city-state.
This program opens up the doors for global investment opportunities with Singapore residency. It has been a part of the long-term economic strategy of the country. In the process, Singapore has emerged as a leading global hub for innovation and business.
Investors joining this program not only benefit from residency, but also gain access to a well-regulated financial system. The favourable business environment and robust legal framework, along with the gateway to Asia-Pacific markets, make Singapore a preferred choice for investors.
The GIP has evolved over the years as per the national priorities of Singapore. Notably, from February 21 2025, key updates will come into action to enhance transparency and strengthen the impact of investment in local sectors. These changes demonstrate the commitment of the government to sustainable growth and ensure that GIP applicants bring meaningful value to the dynamic business ecosystem in Singapore.
Investors can build deeper roots through the Singapore permanent resident investment program professionally, financially, and personally.
Eligibility Criteria for the Global Investor Programme (GIP)
Applicants need to demonstrate a significant track record in entrepreneurship to qualify for the Global Investor Program. Also, they need to showcase their financial strength and put forward a clear intent to anchor their business or investment operations in Singapore.
There are three main applicant categories. There are three main applicant categories, each with its own set of eligibility requirements:
1. Established Business Owners
You must:
- Have a track record of at least 3 years in entrepreneurship or business
- Currently operate a company in Singapore for which the annual turnover should be at least SGD 200 million in the latest year. The average annual turnover for the last 3 years should be a minimum of SGD 200 million a year.
- In case you own multiple companies, you may consolidate the revenue, but make sure to provide a clear ownership structure.
2. Next-Generation Business Owners
You must:
- Operate as a part of a family that owning a well-established business. The annual turnover should be at least SGD 500 million in the most recent year.
- Must be part of the management team of the company
- Provide a letter of endorsement from a family member with substantial ownership in the business.
3. Founders of Fast-Growth Companies
You must:
- Be one of the largest individual shareholders and the founder of a company with high growth and a valuation of at least SGD 500 million.
- Reputable private equity or venture capital firms must have invested in the company.
4. General Criteria for All Applicants
- A clean personal and professional track record.
- Ability to contribute to the economy of Singapore and refine its innovation and talents
- Must fulfill the investment options as outlined under GIP guidelines.
Investment Options under the Global Investor Programme (GIP)
Option A: Invest in a New or Existing Business in Singapore
- Minimum investment should be SGD 10 million
- Applicants must either start a new business or invest in the expansion of an existing one
- They must submit a detailed business or investment plan for 5 years
- The business must operate in an approved sector like energy, fintech, precision engineering, aerospace, or healthcare.
Option B: Invest in a GIP-Approved Fund
- Minimum investment is SGD 25 million.
- Funds must be approved by EDB and meet stringent performance and governance criteria.
- These funds typically focus on Singapore-based companies, supporting innovation and scaling operations.
Option C: Establish a Single-Family Office in Singapore
- Minimum assets under management (AUM) should be SGD 200 million.
- At least SGD 50 million must be allocated for investments based in Singapore.
- The family office must employ at least 5 professionals, including investment professionals.
- This option is ideal for high-net-worth individuals looking to manage family wealth and legacy planning from Singapore.
| Option | Minimum Investment | Focus Area | Key Requirement |
| A | SGD 10 million | Business creation or expansion | Submit 5-year business plan |
| B | SGD 25 million | GIP-approved fund | Minimum 5-year holding period |
| C | SGD 200 million AUM | Family wealth management | At least SGD 50M invested locally |
Application Process for the Global Investor Programme (GIP)
Step-by-Step Application Process
- Review the eligibility criteria and select an investment option:
- Option A: Invest at least S$10 million in a new or existing business entity in Singapore.
- Option B: Invest S$25 million in a GIP-select fund that invests in Singapore-based companies.
- Option C: Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least S$200 million, deploying at least S$50 million in specified investment categories.
- Gather relevant financial statements and business documents.
- Draft a 5-year business or investment plan, if applying under Option A.
- Fill out the GIP E-Application Form
- Submit Form 4 (Application for Entry Permit to Enter Singapore).
- Fill in and attach the Family Background Excel Sheet for all family members.
- Certified true copies of personal identification documents like passport or birth certificate.
- Company financials for the last 3 years.
- Organisational chart and proof of shareholding.
- Academic certificates, CVs, and employment history.
The Singapore Global Investor Program (GIP) application fee is 10,000 SGD.
Interview with EDBApplicants may be invited for an interview to discuss their business track record and intentions in Singapore.
Approval-in-Principle (AIP)After a successful evaluation, applicants will receive an AIP Letter. It will be valid for 6 months, within which you must complete the investment.
Final Approval- Submit documentary proof of the investment made.
- The PR status will be granted upon completion.
- The whole GIP application process will take between 9 – 12 months
Documentation and Compliance Requirements
Applicants interested in obtaining a Singapore Permanent Residence through the Global Investor Programme (GIP) must submit a comprehensive set of documents. These ensure due diligence, transparency, and eligibility verification.
Have a look at this list of the mandatory documentation:
Document | Details |
Identity Documents | Certified true copies of valid passports, birth certificates, and (if applicable) marriage certificates. |
Business Track Record | Detailed business profile outlining the nature, size, and global presence of the applicant’s company. |
Financial Records | Audited financial statements for the past three years of the main business of the applicant. These must be certified by a registered audit firm. |
Investment Intent | Detailed investment plan specifying the type and scale of intended investment in Singapore. |
Proof of Funds | Documentation proving legal ownership of the investment funds, including bank statements and supporting financial disclosures. |
Compliance Requirements
As per the rigorous governance standards in Singapore, applicants must comply with the following:
- Language of submission: All documents submitted must be in English. If the originals are in a foreign language, it’s mandatory to provide certified English translations.
- Source of funds verification: Applicants must prove that their investment funds come from legitimate sources. This includes providing tax returns, transaction histories, and legal declarations.
- Anti-money laundering (AML) regulations: GIP applicants should comply with the AML and Counter Financing of Terrorism (CFT) laws in Singapore. In case any fund flow or ownership structure appears unclear, it may lead to rejection.
- Residency requirements: PRs approved by the GIP must maintain a residence in Singapore and actively contribute to its economic environment. They must carry out business operations or make these contributions through family office activities.
Benefits of GIP Permanent Residency
1. Unrestricted Residency and Employment Rights
2. Access to World-Class Healthcare and Education
3. Opportunities for Owning Properties
4. Pathway to Citizenship
5. Family Inclusion
Why Do Investors Prefer Singapore as a Business Hub?
Global investors are interested in company formation in Singapore, as the country has emerged as a prime investment destination over the decades. Here are some key aspects investors should take into account while considering Singapore as an investment destination.
1. Economic Stability and Robust Growth
2. Strong GDP Growth
3. Strategic Location
4. Extensive Network of Trade Agreements
5. Business-Friendly Environment
6. Transparent Legal Framework
7. Access to Skilled Talent
8. Investor-Friendly Policies and Incentives
FAQs
1. Can my family apply for PR through the GIP?
2. How long does it take to process the GIP application?
3. Is there a minimum investment amount for the GIP?
4. Are there restrictions on how I can use the invested funds?
Conclusion
For high-net-worth individuals and entrepreneurs, the GIP is a remarkable opportunity to obtain residency by investment Singapore. They can also benefit from a thriving and dynamic economic environment in the country.
With professional advisory services from the IMC Group, applicants can choose the most appropriate investment routes. Accordingly, investors can align their financial goals with the strategic advantages that the lucrative business ecosystem in Singapore offers.
Proper guidance and careful planning enables investors to make the most of the GIP. Singapore’s economic environment looks dynamic, and businesses must partner with the right team of professionals as they stride ahead to long-term growth.
- Publications
- April 17, 2025
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- NEWSLETTER,SINGAPORE
- April 9, 2025
Singapore, the focal point of business in Asia, has been at the forefront of economic innovation. The country continues to be one of the most preferred places for doing business and attracts international investors through its structured pathways. One of the strategic approaches taken by the country to draw global investors is to offer them residency facilities.
Now, founders who establish a business in the city-state and contribute to the economy of Singapore can enjoy residency rights in the country. The stable economy, transparent legal system, and strategic access to global markets are some of the factors appealing to international investors.
The Singapore Global Investor Program allows foreign nationals to apply for permanent residence status. This initiative targets entrepreneurs and investors keen on making significant financial contributions to Singapore. Its primary goal is to attract affluent individuals looking to establish their homes in Singapore.
The EntrePass & Global Investor Program
- The EntrePass
- The Global Investor Program
The EntrePass
- Applicants must register with ACRA as a Private Limited Company in Singapore (Pass holder must hold at least 30% of the registered company)
- Venture-backed or owns innovative technologies
A company qualifies as venture-backed or possessing innovative technologies if it meets the following criteria:
- Secured investment from entities such as government funding sources, venture capitalists, corporations, family offices, or angel investors.
- Created, produced, or brought to market technology-based products, services, or platforms.
- Obtained patents through an accredited national intellectual property authority.
- Engages in active research collaborations with a research institution.
Typically, this process takes 8-12 weeks and involves multiple levels of evaluation.
The Global Investor Program
On the other hand, the government has designed the Global Investor Program(GIP) for seasoned investors and business leaders. For qualification, applicants need to demonstrate a strong track record of entrepreneurship and robust finances.
The Favorable Business Environment in Singapore
Singapore is currently placed in the top five countries in terms of ease of doing business. The low corporate tax rate of 17%, minimal restrictions, and streamlined regulations make it the perfect place for setting up an organisation.
In Singapore, startups benefit from generous tax exemptions during their first three years. Moreover, Under the Economic Expansion Incentives (Relief from Income Tax) Act (“EEIA”), the Minister for Trade and Industry has the authority to designate qualifying companies as pioneer enterprises or pioneer service companies. Once approved, these companies can benefit from a tax relief period that lasts up to 15 years, during which any income generated from the pioneer trade will be exempt from taxation.
Singapore invests significantly in R&D, with expenditure accounting for approximately 1.9% of its GDP as of 2021.
This encourages innovation in high-growth sectors like clean energy, biotech, and fintech. This environment also creates a favorable environment for startups.
Strategic Access to Different Markets
Innovation for Business
Establishing a business in Singapore is a streamlined process, particularly for global organisations.
Choosing the Right Business Structure: Many foreign companies prefer to establish a Private Limited Company in Singapore. This organisational model provides limited liability protection and enables the subsidiary to function as a distinct legal entity, separate from its parent company.
Next, the organisation needs to register with the Accounting and Corporate Regulatory Authority (ACRA). This process includes:
- Approving the company name
- Submitting the documents
- Licensing specific to sectors like finance or healthcare
The third step involves opening a corporate bank account, which involves formal paperwork. Organisations need to obtain the incorporation certificate, provide the details of the shareholders, and present the business plan.
Professional Support for Setting up a Business in Singapore
Singapore stands out as a compelling destination for global investors and professionals, thanks to its vibrant business landscape and strategic geographic location. As of June 2024, the nation’s population has grown to 6.04 million, with non-residents—including expatriates, foreign workers, and international students—making up about 30.8% of this figure.
The country’s strong residency programs enable easy travel across Asia, creating numerous opportunities for regional projects and collaborations. This ease of access significantly bolsters Singapore’s status as a prime hub for multinational enterprises.
Naturally, global investors are looking to establish their presence in Singapore. Professional consultancy experts like the IMC Group provide comprehensive support during company formation in Singapore, streamlining the process for entrepreneurs and foreign organisations. For startups and established businesses, this professional assistance is crucial to gain legal clarity and ensure compliance while setting up a business in Singapore.
- NEWSLETTER,U.A.E
- April 9, 2025
The corporate tax system in the UAE has established clear guidelines for individuals and businesses engaged in commercial activities in the country in 2025. According to the Federal Tax Authority (FTA), these entities are required to register for tax. Based on the type of the entity, the authorities have announced specific deadlines.
Businesses and individual enterprises need to comply with these deadlines to avoid penalties. Failing to register a business on time can invite a fine of AED 10,000. Organizations operating in the city, therefore, must seek professional advisor solutions from established corporate tax consultants in Dubai to ensure compliance.
Tax Registration Deadlines in the UAE
Natural Persons
If you’re an individual or natural person operating in business or providing professional services in Dubai, you must register for corporate tax if the revenue exceeds AED 1 million in a financial year.
Revenue Threshold Met | Tax Registration Deadline |
Revenue exceeded AED 1 million in 2024 | 31st March, 2025 |
Revenue exceeds AED 1 million in subsequent years | 31st March of the following year |
In case an individual fails to register the business before the due date, an administrative fine of AED 10,000 will apply.
UAE-Registered Businesses
If you’re a business holding a commercial license in the UAE that was issued before 1st March 2024, remember the following dates.
| License Issued | Registration Deadline |
| January – February | May 31, 2024 |
| March – April | June 30, 2024 |
| May | July 31, 2024 |
| June | August 31, 2024 |
| July | September 30, 2024 |
| August – September | October 31, 2024 |
| October – November | November 30, 2024 |
| December | December 31, 2024 |
If you did not hold a commercial license as of 1st March 2024, you must complete your registration within the first three months commencing from this date.
Businesses Incorporated After March 1, 2024
Non-Resident Businesses
Foreign businesses that have a Permanent Establishment (PE) or a Place of Effective Management (POEM) in the UAE must comply with the following deadlines:
| Entity Type | Registration Deadline |
| PE created before March 1, 2024 | Within 9 months of establishment |
| PE created after March 1, 2024 | Within 6 months of establishment |
| Foreign company with POEM in UAE | Within 3 months after the end of its financial year |
Key Issues Faced by Businesses While Ensuring Compliance
Although the registration framework has been structured, many businesses are encountering difficulties in compliance due to misunderstandings or regulatory complexities. Some of these common challenges include:
- Corporate tax vs. VAT registration: Some businesses mistakenly assume that VAT registration automatically covers corporate tax registration. However, the FTA has clarified that both require separate registration.
- Tax treatment in free zones: Free zone businesses may be eligible for 0% corporate tax under Article 18 of the tax law. However, they must still register and file tax returns annually.
- Foreign businesses: Many non-resident businesses with POEM in the UAE are unaware that they must register within three months after their financial year ends, even without a commercial license in the UAE.
- Requirements for updates: Organizations must report any changes to trade licenses, business activities, or ownership to the FTA within 20 days. Many businesses struggle to determine whether they must update even minor modifications.
Penalties for Late Registration and Non-Compliance
| Violation | Penalty |
| Not registering for corporate tax within the deadline. | AED 10,000 (US$2,722) |
| Not updating tax records within 20 days | Variable (case-dependent) |
| Filing corporate tax late | Determined by FTA (based on the delay period) |
Professional Compliance Advisory Services
The new corporate tax framework in the UAE presents businesses with significant challenges. Organizations in the UAE must adhere to strict tax registration and reporting requirements.
Proactive businesses must seek compliance advisory services from professional consultants like the IMC Group. With accurate record-keeping and proactive measures for compliance from these tax experts, organizations can ensure smooth operations amidst the evolving tax regime in the UAE.
- NEWSLETTER,SINGAPORE
- April 9, 2025
Singapore announced its budget for 2025 at a time that coincides with the 60th year of independence of the nation. The authorities introduced a suite of tax incentives to strengthen businesses and enhance competitiveness.
International firms continue to establish their presence in Singapore, fuelling innovation and growth. The new changes in tax policies provide crucial financial relief while they also encourage strategic investments. Thus, Singapore streamlines its position as a global business hub.
In this edition, let’s check out the tax changes in Singapore and how these measures are likely to drive growth.
- Corporate Income Tax Rebate
- Incentives for Companies
- Equity-Based Compensation to Retain Talent
- Expanding Support for Innovation & R&D
- Double Tax Deduction for International Expansion
- Strengthening Incentives for M&A
- Removal of The Sunset Clause for Share Disposal Tax Exemptions
- Seek Expert Taxation Services in Singapore
1. Corporate Income Tax Rebate
Eligible businesses in Singapore can benefit from a corporate income tax rebate of 50%, which has been capped at S$40,000 per company. This rebate significantly eases financial pressure on businesses.
Moreover, firms that employ at least one local worker in 2024 will receive a grant of S$2,000. This initiative primarily supports SMEs, helping them understand economic challenges while planning for long-term expansion.
2. Incentives for Companies
A new Listing Corporate Income Tax Rebate incentivizes companies to go public in Singapore. Businesses that secure a primary listing on SGX can qualify for a tax rebate of 20%.
On the other hand, secondary listings with share issuance receive a 10% rebate. This rebate is capped at S$6 million annually and will be attracting more IPOs. This further reinforces the reputation of Singapore as a global financial centre.
Naturally, businesses trying to establish their presence in the country will be looking for Singapore Company Incorporation advisor solutions from experts.
3. Equity-Based Compensation to Retain Talent
Companies in Singapore have faced difficulties in talent retention in the past. To address this issue, the authorities have introduced tax deductions for Employee Equity-Based Remuneration (EEBR) schemes.
Businesses will be eligible to claim tax deductions for payments made to a holding company or special purpose vehicle for new shares issued under EEBR schemes from Assessment Year 2026.
This decision is set to benefit startups and high-growth enterprises looking to offer stock-based incentives to employees.
4. Expanding Support for Innovation & R&D
The economic strategy of Singapore is largely based on innovation. Businesses engaged in R&D and innovation-oriented projects are likely to benefit from new tax deductions.
Companies will be eligible to claim a 100% tax deduction on qualifying payments made under approved cost-sharing agreements for innovation activities.
5. Double Tax Deduction for International Expansion
6. Strengthening Incentives for M&A
7. Removal of The Sunset Clause for Share Disposal Tax Exemptions
Singapore has also done away with the sunset clause for share disposal tax exemptions, which were previously set to expire in December 2027. Companies that meet the 20% shareholding mark for at least 24 months will continue to enjoy tax-free gains from share disposals.
Currently, the exemption applies to preference shares, which provides greater flexibility to businesses in structuring investments.
Seek Expert Taxation Services in Singapore
The Singapore Budget 2025 introduces a dynamic range of tax measures. Organizations of all sizes, ranging from MNCs to local enterprises must assess the new clauses and incentives carefully.
While these measures are likely to foster international expansion and drive innovation, businesses must consult reputed professionals like the IMC Group for taxation services in Singapore. With global competition intensifying, these tax reforms solidify Singapore as a premier destination for investors.
- NEWSLETTER,U.A.E
- April 8, 2025
The Executive Council of Dubai introduced Decision No. 11 of 2025 on 3rd March, taking a significant step towards modernizing the economic framework of the emirate. As per the new regulations, companies licensed in the free zones in Dubai can legally expand their operations into the mainland.
This is a landmark decision that will further position Dubai as a lucrative business hub at a time when the country has eased FDI restrictions. Now, global investors and businesses can thrive in the evolving marketplace in Dubai. Businesses are seeking professional support from reputed advisors regarding company formation in Mainland to capitalize on the growing opportunities.
However, it is important to note that financial entities licensed in the Dubai International Financial Centre (DIFC) remain outside the scope of this framework. These organizations continue to operate under their own distinct regulations.
Three Key Pathways to Onshore Operations
- Physical onshore branch: This approach involves the establishment of a legally recognized branch in mainland Dubai with a physical presence.
- Free Zone-based onshore operations: Businesses can operate on the mainland while remaining physically based in the free zone. This eliminates the requirement for an onshore office.
- Temporary onshore permit: Organizations may also acquire a temporary onshore permit to operate on the mainland. This permit remains valid for six months, during which the company can conduct specific onshore activities.
However, it’s essential for organizations to obtain prior approvals from relevant authorities. This includes licensing regulators and different governing bodies specific to sectors.
Besides, businesses must also maintain separate records for accounting for their onshore activities. They must comply with the federal corporate tax system in the UAE to adhere to financial regulations.Flexible Workforce and Cost Implications
One of the key benefits for free zone companies as a result of this decision is their ability to use their existing workforce for onshore operations. Employees who are registered under free zone jurisdictions can now work on mainland projects while enjoying the benefits of being employed in a free zone.
This is a notable advantage for businesses navigating Emiratisation policies and workforce quotas. These companies need not hire additional employees based in the mainland.
From a financial perspective, the new framework introduces a structured fee system.
- Establishing a branch in the free zone with operating rights in the mainland will cost businesses AED 10,000 per year.
- Businesses can obtain a six-month temporary permit for short-term business activities in the mainland for AED 5,000.
Implementing the New Norms for Accessing the Mainland
In collaboration with free zone authorities, the Dubai Department of Economy and Tourism (DET), will publish a list of approved economic activities within the next six months. This list will outline the types of businesses that will be allowed to operate onshore under the new framework.
Free zone businesses that currently operate onshore without a proper license need to regularize their status by March 3, 2026. The DET is entitled to extend this grace period if necessary. Thus, businesses will have ample time to comply with the updated regulations.
Professional Consultancy Services to Establish a Company in Mainland Dubai
As businesses await the new regulations to be implemented, they expect a phased rollout from the government. The success of this framework will ultimately depend on how efficiently regulatory bodies streamline application processes.
Organizations must work closely with professional consultants like the IMC Group to streamline the process of establishing their company on the mainland. These experts comprehensively guide businesses on how free Zone companies can operate in the Dubai mainland. Companies looking to capitalize on the strategic decision of Dubai must seek expert support as they expand their operations onshore.
- NEWSLETTER,U.A.E
- April 8, 2025
As the global wealth environment undergoes a profound transformation, it’s time for HNWIs and family offices to rethink their financial strategies. Traditional financial hubs are gradually losing their grip with evolving regulations.
Tax efficiency and legal protection are two of the core priorities for wealth creators today. Along with these, they prioritize global mobility.
Dubai stands at the forefront of this transformation, as the city emerged as the international powerhouse to manage wealth. Some of the top single family offices in Dubai are turning to professional wealth consultants for strategic advisory solutions.
What makes Dubai the Financial hub of the future?
Dubai has rapidly positioned itself as a top destination for HNWIs and family offices. The progressive policies in the UAE and a favorable regulatory environment makes it a favorable destination that attracts global wealth.
Its strategic infrastructure, strong digital economy, and favorable business ecosystem has propelled the city into the spotlight as a financial hub built for the future. Dubai has an attractive residency framework.
The ease of doing business and its world-class financial institutions are some of the other reasons that draw elite investors. Those looking for a stable and strategic base for investing consider Dubai as the ideal investment hub.
Why HNWIs Are Choosing Dubai
In 2024, the UAE witnessed the migration of around 6,700 millionaires to the country. These figures speak a ton about the growing appeal of Dubai among the wealthy class around the world.
Here’s why Dubai has become a preferred hub for HNWIs.
1. Favorable Tax Framework
2. Political and Economic Stability
3. Global Connectivity
4. Cosmopolitan Appeal
5. Advanced Infrastructure
6. Business-Friendly Regulations
A Tax Regime Built for Global Investors
The UAE Ministry of Finance states that Dubai imposes a 9% corporate tax on taxable income that exceeds AED 375,000. Below this threshold, no tax is levied. Naturally, this business regime appeals to investors, which attracts HNWIs looking to optimize wealth management strategies.
A Secure Ecosystem for Family Offices - DIFC
The Dubai International Financial Centre (DIFC) establishes a clear regulatory environment for global investors. The norms have been established on the basis of the English common law. This framework fosters trust and transparency for international investors.
The DIFC Family Wealth Centre offers comprehensive support to help HNWIs preserve wealth. These include:
- Personalized advisory services
- Tailored structuring solutions
- Global networking opportunities
- Succession planning and governance
This structured regulatory environment ensures that family offices can operate with clarity and confidence. With professional advisory services, setting up a family office in DIFC takes little time.
Expanding Tax Treaty Network
Professional Advisory Services for Expanding Family Offices in Dubai
For HNWIs looking to set up a family office in Dubai, the process has been significantly streamlined in recent years. Moreover, a step-by-step guidance and documentation process has been mentioned in the official website of the DIFC.
HNWIs have been consulting experienced professionals like the IMC Group for advisory solutions regarding the expansion of family offices in Dubai. With experts on the side, the process of establishing a family office gets streamlined as high net worth individuals explore lucrative avenues to grow their wealth.
- NEWSLETTER, U.A.E, INDIA
- April 8, 2025
An interesting trend reveals that an increasing number of Indian startups are flocking to the free trade zones in Dubai. The strategic location of this city and business-friendly regulations make it an attractive destination for Indian companies.
Particularly, Dubai has been at the forefront of innovation when it comes to AI and sustainability. This ensures rapid scalability and cost-effectiveness for international organizations operating in the country.
With India and the UAE strengthening economic ties through the Comprehensive Economic Partnership Agreement (CEPA), the influx of Indian enterprises into Dubai is growing rapidly. As many as 12,142 Indian companies joined Dubai Chambers in the first nine months of 2024. These amazing numbers demonstrate how attractive Dubai appears to be for cross-border expansion.
Successful companies from India are seeking professional assistance for company formation in Dubai from established consultants to streamline the process.
Tax Incentives and 100% Ownership
In India, many entrepreneurs struggle with the burden of corporate tax. These companies find a viable alternative in the free zones of Dubai. With zero personal income tax, duty-free import-export policies, and full profit repatriation, these free zones foster an environment conducive to investors.
Indian businesses expanding to country can choose from 40 multidisciplinary free zones. Out of these, 20 are located in Dubai. The city offers businesses from various verticals with strategic benefits, strategically eliminating bureaucratic hurdles and reducing operational costs.
Seamless Business Setup and Legal Support
The free zones in Dubai have been designed to maximize efficiency for businesses operating here. Companies can get themselves registered quickly and without much hassle. The registration process takes as little as five days.
Moreover, entrepreneurs benefit from a streamlined licensing process. They also receive facilities like easy visa processing and access to office spaces and banking solutions. Particularly, free zones like the DIFC protect Indian businesses with robust legal frameworks. This regulatory compliance has been one of the factors fuelling cross-border investment from India.
A Strategic Gateway for Global Trade and Logistics
- The Jebel Ali Port, the largest in the Middle East, is a key hub for trade between the East and the West.
- The Dubai International Airport connects businesses to more than 200 destinations.
- The Dubai Logistics Corridor seamlessly integrates Jebel Ali Port, Al Maktoum Airport, and surrounding free zones.
This superior infrastructure and connectivity reduce operational bottlenecks in the free zones in Dubai. Startups like AI-powered logistics firms are capitalizing on this enriched infrastructure to optimize their supply chains to enhance efficiency.
Indian Tech Startups Get an Ideal Launchpad in Dubai
For Indian tech startups, Dubai has emerged as the perfect Launchpad. The digital transformation in the Middle East, including the growth of AI and fintech positions the city as a magnet for tech entrepreneurs in India.
Free Zones like Dubai Silicon Oasis and Dubai Internet City offer subsidized office spaces to Indian firms. These companies also benefit from R&D support, and accelerator programs backed by the government.
The Dubai Economic Agenda D33 further aims to establish Dubai as one of the top four financial hubs of the world by 2033. This creates an ideal environment for Indian startups dealing with AI analytics, digital payments, and blockchain.
With over 70 venture capital firms supporting high-growth sectors, Indian companies form a substantial part of the business ecosystem in Dubai.
Business Set up Consultants in Dubai
As Dubai cements its status as a global innovation hub, Indian startups continue to expand to the city and capitalize on its lucrative opportunities. Indian startups and new companies significantly benefit from the assistance of business set up consultants in Dubai, like the IMC Group.
With strategic advisory solutions from these experts, Indian firms can make the most of tax incentives in Dubai and grow their presence in the country. No wonder, the free zones of Dubai are the ideal launch pad for startups in India.
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