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This company can engage in research and consultancies to businesses to achieve competitive advantage in the market place and come out with results that assist in marketing and sales boosting. The activity can include knowing the specifications of the product that the client firm is selling to the market, products of the rivals, advertising strategies required, price that the customer is willing to pay, customer expectation.
The following business activity has been selected for the DUQE company setup:
The company can engage in up to three business activity types from "Consultancy -D- management, information and marketing" industry group under the same license without additional fees.
No additional approvals are required to register a company conducting this business activity.
The minimum share capital required for DUQE company is AED 50,000. Its contribution is optional.
Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.
When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.
Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.
DUQE (Dubai Queen Elizabeth Freezone) is a free economic zone (free zone) established in 2022 in the Emirate of Dubai, located aboard the famous cruise liner Queen Elizabeth 2. Its location on the ship provides a unique and prestigious business environment, associated with high standards of quality and innovation. The free zone is owned by the government entity Ports, Customs, and Free Zone Corporation (PCFC), which is responsible for overseeing and regulating ports, customs, and free economic zones.
DUQE specializes in trade, logistics, and professional services. Companies registered in DUQE are permitted to conduct business within the free zone and beyond the UAE.
DUQE issues the following types of business licenses:
With its modern and creative business center, DUQE serves as an ideal launchpad for both new entrepreneurs and experienced business owners.
The DUQE company registration provides various benefits and opportunities for entrepreneurs:
Various rental property options are available within DUQE, provided upon preliminary request and subject to availability:
The UAE imposes a variety of taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:
DUQE offers the following main types of UAE resident visas for foreign investors and company employees:
The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones.
Personal Income Tax
In the UAE, personal income is not subject to taxation.
UAE citizens and residents are exempt from paying taxes on their personal income, including salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
Value Added Tax (VAT)
Since January 1, 2018, the UAE has implemented a VAT rate of 5%, which applies to most goods and services and is charged to companies operating within the country, except for those registered in designated zones.
A Designated Zone is a territory within a free zone that is treated as outside the UAE for tax purposes, allowing goods to be exempt from taxation, provided certain criteria are met. The main taxation rules in Designated Zones are as follows:
The Designated Zones are listed in the Cabinet Decision to Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT).
Goods moved between or within Designated Zones are not subject to tax.
The export and import of goods between a Designated Zone and a foreign company are also not subject to tax.
For local companies and those registered in Non-Designated Zones (free zones not included in the Designated Zones list), the standard tax rules set forth in the Federal Decree-Law on VAT apply.
Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
Companies with a turnover between AED 187,500 and AED 375,000 may register on a voluntary basis.
Companies can offset VAT paid on purchases of goods and services (input VAT) against the VAT they collect on sales (output VAT), shifting the tax burden to the final consumer.
Some goods and services may be exempt from VAT or taxed at a 0% rate, such as international transportation, educational, and medical services.
Corporate Tax
As of June 1, 2023, the UAE has introduced a corporate tax at a rate of 9%, levied on the taxable net profit of companies with income exceeding AED 375,000.
A 0% rate is applied to taxable income not exceeding AED 375,000.
Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
Excise Tax
Since October 1, 2017, the UAE has introduced an excise tax aimed at reducing the consumption of harmful products and funding healthcare initiatives. The tax applies to alcohol, tobacco products, and beverages containing added sugar, including energy drinks and carbonated beverages.Excise tax rates vary depending on the product category:
50% on carbonated drinks (excluding mineral water)
100% on tobacco products
100% on energy drinks
100% on electronic smoking devices and liquids used for them
50% on products containing added sugar or sweeteners.
Companies dealing with excise goods must register with the Federal Tax Authority (FTA), submit monthly declarations, and maintain records. Excise tax is paid upon the import, production, or release of goods for consumption in the UAE.
Customs Duties
Custom duties in the UAE are applied to most imported goods at a standard rate of 5% of the cost, insurance, and freight (CIF). Exceptions include certain categories of goods, such as medicines and food products, which may be exempt from duties or subject to a reduced rate.
Goods imported into UAE free zones are generally not subject to customs duties as long as they remain within these zones. However, when such goods are transferred to the UAE mainland, standard duties apply.
Local Taxes and Fees
With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with DUQE representatives, and assist in coordination
Receive expert guidance from an authorized consultant who will manage the entire process of obtaining DUQE services
An elite consultant will oversee the process of obtaining DUQE services, ensuring a seamless experience