Corporate Tax –  UAE Don’t forget to register!

Deadline for Corporate Tax Registration

The deadlines for corporate tax registrations have been established by the UAE Federal Tax Authority, and taxable individuals are strongly encouraged to complete timely registration to prevent any violations of tax laws.

The Federal Tax Authority of the UAE has issued Decision No. 3 of 2024, which outlines the timeline for the registration of taxable persons for corporate tax. This decision is in accordance with the provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its subsequent amendments.

What is the minimum age to start a business in UAE?
The minimum legal age is now 18 years. Anyone 18 or older can register, own, and run a business.
Can I open a company if I am 17 years old?
Yes, if you are at least 15, you can trade with guardian and court approvals as per Article 18 of the Commercial Transactions Law.
Can minors open bank accounts for business?
es, if you are 18, you can open a bank account without guardian approval. Below 18, you need guardian co-signing.
Can I start crowdfunding for my idea at 16?
Yes, but you will need parental approval on most crowdfunding platforms such as Dubai Next.
Do I need a guardian to sign business contracts at 18?
Most contracts can be signed independently at 18, but for some legal documents, guardian support may still be required until 21.

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