International tax planning tools
Optimizing and reducing your tax burden, capital movement modeling, and safeguarding business and personal accounts from exchange of tax information.
The global trend toward strengthening controls over businesses leaves fewer legal methods of tax burden minimization, fund flow optimization and settlement distribution. However, legislation within the United Arab Emirates provides entrepreneurs with a unique set of tools to shield themselves from the automatic exchange of financial accounting information required by the Common Reporting Standard (CRS).
Put SORP Group’s effective international tax planning tools to work for you
Obtaining UAE Tax Resident status
A UAE tax domicile certificate means declared income is taxed at UAE rates (0%) and avoids double taxation in other jurisdictions.
- UAE legislation provides unique opportunities to use tax minimization schemes absolutely legally
- Benefits of relevant international agreements and treaties still apply
- Full confidentiality of beneficiaries and shareholders is guaranteed by law
Consolidating Business and Assets
UAE companies can merge global assets and finances within a single business structure to optimize methods of payments and taxation.
- An opportunity to take advantages of offsets within a consolidated business structure
- Transfer profits within the group for the purpose of applying a 0% tax rate
- Audit Report on Consolidated Financial Statements
Maintaining Bank Secrecy
A set of measures to ensure the protection of bank secrecy where international tax information exchange might otherwise occur.
- The owner of accounts of controlled businesses in the UAE and abroad can manage them independently
- Protection against automatic exchange of financial information
- UAE residents enjoy the advantages of confidential banking transactions
Confirming Economic Substance
Proving that the tax jurisdiction, decision making and control center for the business is the UAE by meeting various regulatory criteria
- Avoid additional taxes in the country of international business operations
- Use all the benefits of UAE legislation to enhance your business model
- Take advantage of operating totally legal tax optimization schemes
Forming holdings and business structures
Favorable legal mechanisms to organize business operations of dependent business structures very effectively
- Optimize your tax burden: income and dividends are not taxed
- Register assets and property to the Trust without the need to declare them
- UAE law prohibits disclosure of details to non-governmental third parties
Creating an Arab Trust
Trusts that have very useful benefits for many scenarios with guaranteed protection of both assets and personal information
- Minimize tax payments and maximize your profits
- Simplify the management system by combining activities
- Repatriate your capital freely by setting a single transaction center in the UAE
Advantages of UAE legislation for conducting international business
Tax Benefits
No basic taxes (corporate, personal income, dividends). Only 5% VAT is applied for a number of internal operations.
Financial freedoms
Freedom to deposit and withdraw funds; absense of currency control; simplified KYC procedures for all of transactions in local currency.
Personal rights protection
The Emirates shield the rights of investors by providing equal business opportunities as for foreign and local entrepreneurs.
Data protection
Because registers of shareholders cannot be publicly disclosed by law, it is perfect legal to employ tools to maintain total confidentiality.
Prestige and validity
Despite their tax-free nature, the UAE jurisdictions are not offshore and are not included in any "black” or “grey” list of the OECD and FATF.
Protection of investments
The state guarantees investment protection at international level by applying treaties between the UAE and a number of countries.
Success factors for tax planning schemes centered in the UAE
When planning tax optimization through Emirati companies, it is important to analyze the factors and opportunities that impact the success and stability of schemes being considered:
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Obtain UAE tax resident status
Obtained on a non-investment basis, for shareholders, directors and others.
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Comply with international requirements
Specifically those requiring a company’s management and control to be located in the place of incorporation.
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Confirm Economic Substance in the UAE
In order to avoid additional taxes in the jurisdiction the place of business operations.
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Appoint nominee shareholders
To conceal the beneficiaries and confirm that the entire business structure is unaffiliated.
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Choose an effective international strategy
For applying treaties on the avoidance of double taxation between the UAE and other countries.
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Follow the trend of deoffshorization
Make sure that any contractors registered in ‘tax havens’ have been excluded from regular business operations.
SORP solutions for successful international planning based on UAE legislation
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Bespoke business model preparation
Which will be an ideal tool for optimizing taxation, maintaining confidentiality of beheficiaries, creating secure structures and entering international markets
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Tax planning and consulting
We analyze legal methods of international tax planning based on successful cases and offer optimal solutions for you to do business tax-free.
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Methodologies and business analysis
We will conduct a detailed audit of current contracts and business schemes as well as eliminate the risks of non-compliance with the legislation, and adjust strategy
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Business registration and licensing
We will choose the jurisdiction for incorporation as well as the right legal form of the company, get approvals , and pass “turnkey” licensing procedures
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Opening bank accounts
We guide you through bank KYC compliance with your choice of the leading UAE banks. Our know-how gets things done quickly with top quality support.
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SORP nominee services
We will provide nominee directors and shareholders with restricted rights as allowed by legislation to avoid transfer pricing and also to conceal actual beneficiaries.
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Business Accomodation
SORP business center provides excellent solutions for renting fully equipped office spaces to suit all requirements and for passing all licensing procedures.
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Outsourced business processes
It makes sense to use SORP’s expert professional administrative, immigration, accounting and tax competencies, saving the cost of employing highly paid personnel.
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Legal support
SORP Group’s corporate lawyers, and our strategic partnerships with the best lawyers in the UAE and around the world, provide superb legal support for your business.
SORP’s vast experience successfully optimizes your international business from the UAE
Minimize your taxes using UAE business structures
SORP Group experts will help you build optimal tax schemes and ways to distribute capital within the group.
Take the first step towards retaining maximum income!