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Frequently Asked Questions

Got Questions? We got Answers !

Introducing Ignite zone

Ignite Your Future Setup Today!

Will the services offered by Ignite zone be different from those offered by Zone Ignitezone?

Our core services of esteemed business setup will remain the same, but with enhanced capabilities across additional emirates, including Dubai, Sharjah, and Abu Dhabi, and improved service timelines.

What does the new brand Ignit ezone represent?

Ignite zone represents specialized expertise, a culture of dynamic evolution and constant improvement, a humanly connected approach to client relationships, and delivering impactful value with competitive pricing and seamless customer experience.

As an existing client, will my point of contact change?

No, your point of contact remains the same, and you can expect the same level of dedicated support.

What should I do with post-dated cheques made out to Zone Ignite zone?

Please visit our office to exchange any post-dated cheques you have with ones made out to Ignite zone.

Has there been any change to the banking details?

Yes, please note our updated banking details for any forthcoming payments, including the new account name Ignite zone, bank details, IBAN, and SWIFT code as mentioned in the email.

Will there be any changes to the email addresses I use to contact the company?

Yes, our email domain has been updated to sethub.ae. Please update your records and direct all future correspondence to this new domain.

Who should I contact if I have questions or need further clarification?

For any queries, feel free to reach out at our direct line +971 4 575 211 0

, or email [email protected].

How will Ignite zone ensure continuity of service during this transition?

It’s advisable to view the calculator’s estimate as a starting point. The actual cost may be influenced by factors not accounted for in the initial estimate, and it’s recommended to consult directly for a more precise quote.

Cost Calculator

The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation. 

What types of business activities can I calculate costs for using this tool?

The tool covers a wide range of activities including consulting, trading, IT, legal, educational support, event management, and more. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 

Can the calculator estimate costs for businesses requiring physical office space?

Yes, the tool allows you to specify whether you need a physical office or space. However, the tool doesn’t take into consideration the actual leasing cost of office space.

How does the number of shareholders affect the cost calculation?

The tool provides options to select the number of shareholders, which can impact the cost estimate. 

Is it possible to calculate costs for a business needing multiple visas?

Yes, the tool includes an option to select the number of visas required, which will be factored into the cost. However, the cost of visa addition varies from one authority to the other. 

Can the tool help me estimate costs for turning a hobby into a business or for business expansion?

Yes, the tool asks about your primary goal, including options like turning a hobby into a business or expanding an existing business. 

Does the tool cater to a wide range of industries and business types?

Yes, the tool includes a diverse range of business activities and industries, accommodating various business types. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 

Does the calculator provide exact costs or only estimates for business setup in the UAE?

The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation. 

How accurate are the cost estimates provided by the tool?

While the tool aims to provide a close estimate, actual costs can differ due to factors like specific business requirements, additional services, and authority of choice. 

Are the costs provided by the calculator final and unchanging?

No, the pricing estimates are subject to change, especially due to updates or changes in government policies and fees in the UAE.

Should I consider the calculator's estimate as the final cost for my business setup?

It’s advisable to view the calculator’s estimate as a starting point. The actual cost may be influenced by factors not accounted for in the initial estimate, and it’s recommended to consult directly for a more precise quote.

Corporate Tax Calculator

The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation. 

What is the purpose of the Corporate Tax Calculator?

The tool covers a wide range of activities including consulting, trading, IT, legal, educational support, event management, and more. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 

What initial information does the calculator 
require to estimate corporate tax?

The calculator asks whether your company is registered in the UAE, the company’s name, whether it’s a freezone or mainland company, estimated annual revenue, cost of sales, employee-related expenses, entertainment expenses, and other expenses. 

Does the calculator take VAT into consideration for the tax estimate?

Yes, after collecting data for the corporate tax estimate, it also gathers information for VAT before sending you the estimate. 

What additional information does the calculator require for a comprehensive tax estimate?

It inquires if your company is registered for corporate tax and VAT, how you manage bookkeeping, whether your company undergoes an annual audit, and some personal details to send the tax estimate. 

Is the tax estimate provided by the calculator definitive?

The calculator provides an estimated figure. The actual tax liability may vary based on specific company details and current tax regulations.

Can the tool's tax estimates change over time?

Yes, tax estimates are subject to change due to updates in tax laws and regulations by UAE government authorities. 

How does being a Freezone or Mainland company affect corporate tax estimates in the UAE?

Freezone companies may be eligible for a 0% UAE Corporate Tax (CT) rate on qualifying income, while income not qualifying would be taxed at the standard rate. Mainland companies are subject to the standard tax rates. 

What are the implications of the UAE's Federal Decree-Law No. (47) of 2022 on corporate tax calculations?

This law, effective for financial years starting on or after 1 June 2023, aligns with international best practices and is expected to have a minimal compliance burden. It introduces specific rules for taxable persons and bases, and tax calculations will be aligned with these provisions. 

Are there specific exemptions or deductions in the UAE's corporate tax law that might affect the calculator's estimates?

Yes, the UAE CT Law allows for certain exemptions like dividends and other profit distributions under specific conditions. It also allows businesses to offset tax losses against taxable income in subsequent periods, but with limitations.

How does the formation of a Tax Group affect corporate tax calculations?

UAE group entities may elect to form a Tax Group, which allows them to file a single tax return for the group and potentially streamline tax administration and liabilities. 

What is the role of accounting standards in determining taxable income in the UAE?

The UAE CT regime uses accounting net profit or loss as reported in financial statements prepared according to accepted UAE accounting standards as the starting point for determining taxable income. Certain expenses may be deductible, but the law also restricts the deduction of some expenses. 

Is personal income subject to corporate tax in the UAE?

The UAE does not apply corporate tax to personal income, except for business income earned by individuals who hold a commercial license or permit. 

How does the corporate tax registration process work in the UAE?

Every taxable person must register electronically for UAE CT, obtain a Tax Registration Number, and file tax returns electronically within prescribed timelines. This requirement applies even if the person is already registered for Value Added Tax. 

What are the transfer pricing rules in the UAE's corporate tax law?

The CT Law introduces transfer pricing rules that require transactions between related parties to adhere to the arm’s length standard. This means transactions must be undertaken as if carried out between independent parties under similar circumstances. 

Golden Visa Eligibility Checker

The Golden Visa is an exclusive opportunity for top-tier professionals, talents, and investors in the UAE. Secure a 5 or 10-year renewable residency with our expert guidance.

What is the UAE Golden Visa?

The UAE Golden Visa is a long-term residency program introduced in 2019 by the UAE government. It aims to attract highly skilled individuals, investors, and entrepreneurs to live and work in the UAE for an extended period. The visa is renewable for either 5 or 10 years, depending on the eligibility category. 

What are the benefits of the UAE Golden Visa?

The Golden Visa provides long-term residency, valid for 5 or 10 years, offering stability and allowing individuals to plan for their future in terms of careers, businesses, and investments. It also opens up business opportunities and access to education and healthcare, and offers family sponsorship. 

What are the eligibility criteria for the UAE Golden Visa according to the checker tool?

The tool asks if you have a monthly salary more than AED 30,000, own property in the UAE worth AED 2 Million or more, or have a minimum of AED 2 Million fixed deposit in your bank account. 

What happens after completing the Golden Visa Eligibility Checker Tool?

After providing your eligibility details, you are required to share your contact information. The tool then informs you whether you are eligible to acquire the UAE Golden Visa based on the information provided. 

Can the tool definitively determine my eligibility for the UAE Golden Visa?

white-space-collapse: preserve;”>The tool provides an initial assessment based on the information you input. However, it is advisable to contact our team for a more detailed and conclusive determination of eligibility.

What are the documents required for Golden Visa application?

Passport copy, passport size photographs, valid UAE visa, Emirates ID copy, proof of eligibility and other documents may be required.

Who is eligible for the UAE Golden Visa?

Eligibility extends to investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, frontline heroes, and specialized talents such as doctors, scientists, artists, inventors, and executives. 

What are the specific requirements for investors to obtain the Golden Visa?

Investors need to meet certain financial criteria, like investing in a UAE-accredited investment fund, having a minimum deposit, or owning capital in a business within the UAE. They must also provide proof of medical insurance for themselves and their family. 

What qualifications are needed for specialized talents to be eligible for the Golden Visa?

Specialized talents in fields such as medicine, science, art, engineering, and sports are eligible. This includes professionals in areas like epidemiology, artificial intelligence, big data, and various engineering and scientific disciplines. 

How can students qualify for the Golden Visa?

High school students who are national-level toppers and university students with high GPAs from top-rated universities are eligible. The visa duration for students is 5 or 10 years and may be extended based on certain conditions. 

What criteria must humanitarian pioneers meet for the Golden Visa?

Individuals engaged in humanitarian work, including those who have worked with international organizations, civil associations, and those who have received awards for their humanitarian efforts, are eligible. Funders of humanitarian work are also eligible under certain conditions. 

Are frontline heroes eligible for the UAE Golden Visa?

Yes, frontline heroes who have shown extraordinary effort in crises, like the COVID-19 pandemic, are eligible for the Golden Visa. This category includes nurses, medical assistants, lab technicians, and other approved cadres. 

Bank Account Opening

Banking and Finance in the UAE offer many options for expat entrepreneurs. With its robust and advanced financial infrastructure, the UAE provides a favorable environment for business endeavors.

What is the purpose of the Corporate Bank Account Opening Eligibility Checker?

The tool is designed to help businesses determine their eligibility for opening a corporate bank account in the UAE. 

What information does the tool require for the eligibility check?

The tool asks for your nationality, details about your existing or planned business in the UAE, including the business type and timeline for setting up your business. 

What happens after completing the information on the tool?

Upon submitting the information, the tool either informs you of your eligibility for opening a corporate bank account or, if ineligible, indicates that your application cannot proceed as per current regulations. 

Are there different types of corporate bank accounts that one can apply for?

Yes, the tool mentions the possibility of applying for different types of accounts, such as a Digital Bank Account or a Regular Bank Account, based on your eligibility. 

What are the next steps after finding out about eligibility?

If eligible, the tool prompts you to share your contact information so that one of our business setup advisor can contact you directly to assist with the account opening process. 

Are there any nationality restrictions for opening a corporate bank account in the UAE?

While there are no explicit nationality restrictions, banks in the UAE have stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This may make account opening more challenging for non-residents, foreign companies, and businesses from certain countries. 

What are the general requirements for opening a corporate bank account in the UAE?

To open a corporate bank account, you’ll need to submit various documents related to your identity, business, and residency. This includes a passport copy, UAE visa, reference letter from a bank in your home country or another country, recent bank statements, and relevant business documents. Compliance with KYC norms and Central Bank of UAE regulations is also required. 

Is it necessary to have a resident visa to open a corporate bank account in the UAE?

Most banks in the UAE accept account applications from non-residents, though there may be certain limitations. For example, non-residents might only be able to open savings accounts and may not be issued cheque books. They also need to maintain a minimum account balance to avoid penalties and charges. 

What are the banking requirements and restrictions in the UAE?

Banks may have minimum balance requirements for corporate accounts, which can be quite high, and failure to maintain this may result in fees. It’s important to be aware of all potential charges, including transaction fees and international transfer charges. Online banking services, customer service quality, the bank’s network and international presence, currency options, credit facilities, and the bank’s reputation are also crucial factors to consider.