Artices

𝘓𝘦𝘵 𝘶𝘴 𝘣𝘳𝘦𝘢𝘬 𝘴𝘰𝘮𝘦 𝘮𝘺𝘵𝘩𝘴 𝘰𝘯 𝘵𝘢𝘹𝘢𝘵𝘪𝘰𝘯 𝘰𝘯 𝘊𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘪𝘯 𝘍𝘳𝘦𝘦𝘻𝘰𝘯𝘦𝘴

𝐌𝐲𝐭𝐡 1: Free Zones Are Tax-Free Forever

𝐅𝐚𝐜𝐭𝐬 : Tax holidays can last up to 50 years, but aren’t eternal. New corporate tax rules may apply if you do business outside the zone.

𝐌𝐲𝐭𝐡 2: No Compliance Needed

𝐅𝐚𝐜𝐭𝐬 : Free zone companies must still register for VAT if they hit the revenue threshold and comply with other tax regulations.

𝐌𝐲𝐭𝐡 3: No Corporate Tax on All Activities

𝐅𝐚𝐜𝐭𝐬 : Some business activities, especially on the mainland, could be subject to corporate tax.

𝐌𝐲𝐭𝐡 4: No ESR Compliance

𝐅𝐚𝐜𝐭𝐬 : Companies doing certain activities must comply with Economic Substance Regulations (ESR).

𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: Free zones have perks but come with rules. Stay informed to keep your tax game strong! 💪✨

To know more, you can directly message us on LinkedIn or write to us at 𝒗𝒊𝒅𝒉𝒖@𝒗𝒊𝒅𝒉𝒖𝒅𝒖𝒈𝒈𝒂𝒍𝒂𝒏𝒅𝒄𝒐.𝒄𝒐𝒎 

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