Company tax 0%-5% until 2020 * Company incorporation 2 weeks * Share Capital Lda: 5.000 € * EU VAT No. * VAT 16%.
Company tax 17% * No taxation on dividends or interests * Company incorporation within one day * Share capital Pte. Ltd: 1 S$ * VAT 7% * Further incentives and tax benefits.
Company tax 5% after tax refund * No taxation on dividends or interests * Company incorporation within one day * Share capital Ltd: 1.250 €, minimum 250 € * EU VAT No. * VAT 18%.
Company tax below 13% * Company incorporation within a few days * Share capital GmbH: 20.000 CHF * VAT 8% * Further incentives and tax benefits.
No income tax, no company tax, no VAT. Incorporation within a few days. In free trade zones 100% foreign ownership allowed.
Taxation Dubai
Individual Taxes
Individuals who live in Dubai pay no tax on income, property, or capital gains. This does not mean that there are no taxes at all, however; import duties, which are taxes on goods imported from outside the country, are charged, as are taxes on property rental payments and some hotel and entertainment services. Local citizens contribute a small percentage of their income to social security. There is no sales tax, but there are high taxes on alcohol and other products that are considered haram. Although value added tax (VAT) ? a consumption tax similar to sales tax ? is not charged, the International Monetary Fund (IMF) has recommended that the UAE consider implementing such a system.
Corporate Taxes
There is no corporate income tax for most businesses located in the UAE; however, Dubai does tax the income from foreign banks and oil companies. The region also contains a number of economic free zones, which offer economic incentives to encourage investment and commercial development. While these free zones are not entirely tax free, the incentives offered there make them come very close. Companies which are run within free zones are given certain tax exemptions for at least 15 years, at the end which they may request an exemption for another 15 years. In addition, there are no import or export taxes in the free zones.
Dubai Free Zones
As of 2011, there were 18 free zones in the region, including Dubai Aid and Humanitarian City, Dubai Airport Free Zone, Dubai Internet City, Dubai Silicon Oasis, Jebel Air Free Zone, and Dubai Media City. The Jebel Ali Free Zone, created in 1985, was the first of these economic zones. The government has since invested billions of dollars into infrastructure and programs to coax foreign investors to the region.
In the 1990s, Dubai Internet City and Dubai Media City were created. These zones offer many of the same benefits of other free zones, but cater directly to media and communications companies. In these zones, tax free status is initially granted for a 50 year period. The Dubai International Financial Centre was created in 2004. This zone is entirely tax free for corporations operating within its borders, with no constraints on how long they can maintain that status.
