','' ); } ?>

 

Dubai is a home for businesses that require the service of tax consultants. This provides a great opportunity for entrepreneurs who wants to set up a tax consultancy business in the UAE. Starting a tax consulting business in Dubai means acquiring an extensive clientele base along with business provisions. If you are planning to set up a tax consultancy business in Dubai there are certain rules and legislation that need to be followed.

 

Steps to start a tax consultancy business in Dubai:

 

  1. Know the business:

    The entrepreneur needs to have basic knowledge and information about everything related to Dubai taxes. You can also build your own tax knowledge while running your business so that it becomes easy to develop more complex returns and run a good business.

  2. Legalize your business:

    In order to start a tax consultancy business, you have to legalize it and obtain a license from the Department of Economic Development (DED). The entrepreneur also has to register with the IRS to obtain its tax identification number. It is mandatory to obtain a certified taxation certificate from any university in Dubai.

  3. Register your business:

    Once you are done with obtaining the license from the necessary authorities, the next step is to register your business with the Department of Economic Development (DED) and obtain a local sponsor who will own 51% of the shares in the business and the remaining shares will be owned by you. If you are willing to start your business in the free zone then you must follow the business setup procedure as per the freezone authorities.

  4. Trademark:

    The company should apply for a trademark so that it will restrain the plagiarism and copyrights issues. By creating a trademark there is also a security of credibility and it will build trust among the clients. Hence the trademark is essential to process while setting up a business.

  5. Share capital:

    Minimum share capital is usually mentioned in the Memorandum of Association of the company. However, in most cases, minimum wages are not required for setting up a business.

Documents required:

  • Shareholders passport copy
  • Visa status
  • No Objection Certificate (NOC)
  • Trade name

Benefits of opting for a tax consultant:

  • Tax advisors help in identifying legal ways to pay less tax
  • Saves time in preparing tax returns
  • Sorts the complicated computations
  • Helps in building strategies to minimize the tax to be paid
  • Up-to-date information is received with respect to any changes in the tax policies.

MSZ Consultancy for setting up your tax consultancy business:

Business setup in Dubai is easier if connected with the right business consultancy in Dubai. If you are willing to set up a tax consultancy business in Dubai, MSZ Consultancy will help you build your dream business. MSZ Consultancy provides LLC company formation and related-setup services in Dubai and across UAE to get your business up and running.

Our team of experts will offer you complete solutions for setting up a business in Dubai. We will not only assist you on how to establish business in Dubai but we will also guide you in understanding the types of company formation in Dubai, trade licenses, company registrations, government approvals, PRO services, and everything that involves the formation of a company in Dubai. Get in touch with us today!

Find out how much it cost you to setup your Dream Business

Other Recent Blogs

All about starting a logistics consultancy in the UAE

All about starting a logistics consultancy in the UAE

Plan your own logistics consultants business in Dubai Running a logistics business is a challenge, but starting a business where your goal is to help others run their own more efficiently such as a logistics consultancy is doubly challenging. You will need adequate...

Post-COVID 19 economy in UAE

Post-COVID 19 economy in UAE

The world’s most flourishing economies were not ready for the COVID 19 pandemic that has shunned every country’s normal routine. During these desperate times the primary goal of every country was to reduce the spread of the virus across the citizens and take care of...

How to obtain an industrial license in Dubai

How to obtain an industrial license in Dubai

The industrial license in Dubai authorizes business or a company to perform industrial activities such as manufacturing, processing, and other activities in Dubai. To start any business operations in Dubai it is mandatory to obtain an industrial license. This license...

How to set up a perfume business in Dubai

How to set up a perfume business in Dubai

When it comes to senses, fragrance holds a unique place. Perfumes have the essence of bringing back the cherished moments. Perfume comes with a unique identification which is highly acknowledged in the UAE market. Commonly known as “Attar” which is a concentrated form...

Subscribe to Our Newsletter

We’ll keep you updated on the latest trends and news

Request a call back

Would you like to speak to one of our business advisers over the phone?  Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

1407, Mai Tower, Al Nahda, Dubai
United Arab Emirates, P.O.Box 19845
+971 58 982 7842
+971 4 229 7508
info@mszconsultancy.com

WhatsApp WhatsApp us