Good financial records and organizational construction of a business are essential and puts you in control. Whether you need us to temporarily assist you or take over completely, LM Legal has a professionally trained, experienced and qualified team who provide our clients with high quality Corporate Taxes and Office Solutions. We provide your business with the needed support to save your time and money.
Dubai, one of the rapidly developing cities and the heart of the UAE, has been attractive for businesses globally. Dubai is first choice for startups and established businesses. Free zones of UAE are the ideal for all type of business. Owning your own business can be extremely rewarding, but also presents a variety of unique challenges. Our goal is to help the business owner concentrate on what they do best, we’ll do the rest. We offer services for small, mid-sized and large companies. LM Legal will provide assistance to find legal ways to reduce taxes.
There is a common widespread misconception about Dubai’s being 100% Tax Free but still there are some taxes have to be paid like:
The Companies which are working in oil and gas industry in UAE have 55% and Branches of foreign banks in UAE: 20%
Municipal tax on hotels and entertainment facilities: 10%Municipal tax on the rental of commercial space: 10%Municipal tax on the rental of residential property in Dubai and the rest of the UAE: 5%Value Added Tax (VAT): 5% (in most cases).