Sample of All FAQs (Helpie FAQ)
- Can a company own multiple investment properties in the UAE?
Many investors use a company structure to hold multiple properties within a single ownership vehicle, making portfolio management and future acquisitions more efficient.
- Is rental income from UAE property subject to Corporate Tax?
For individuals investing in UAE real estate in their personal capacity, rental income is not subject to any tax. However, where property is owned through a company, the tax treatment may differ, and rental income may be subject to Corporate Tax depending on the structure and activities of the entity.
- Can I purchase UAE property through a company instead of in my personal name?
Yes. Depending on the Emirate, developer, and ownership structure, investors may be able to acquire UAE real estate through a corporate entity. Many investors choose this approach for asset protection, succession planning, portfolio management, and ownership flexibility. NHBC can advise on the most suitable structure based on your investment objectives.
- Do I need accounting and bookkeeping if my company only holds property investments?
Yes. Depending on the structure and activities of the company, accounting records, financial statements, Corporate Tax obligations, and other compliance requirements may still apply.
- What is the difference between a Property Investor Visa and a Golden Visa?
Property owners in Dubai may be eligible for a 2-year Property Investor Residence Visa. For jointly owned properties, each investor generally requires an ownership share of at least AED 400,000 to qualify. Investors with qualifying property investments of AED 2 million or more may be eligible for a 10-year Golden Visa. The most suitable option depends on factors such as property value, ownership structure, financing arrangements, and your long-term residency objectives. Contact NHBC for a personalized assessment of your eligibility and the most suitable residency route for your circumstances.
- Can property investors qualify for a Golden Visa?
Yes. Property investors may be eligible for a UAE Golden Visa if they meet the applicable investment criteria set by the UAE authorities. Requirements may vary over time and should be reviewed based on the current regulations. You may contact us for more information
- What is the UAE Corporate Tax rate?
The standard Corporate Tax rate is 9% on taxable profits exceeding AED 375,000. Taxable profits up to AED 375,000 are generally subject to a 0% rate.
- Can non-residents open a bank account in the UAE?
Yes. Certain UAE banks offer banking solutions for non-residents, particularly for property investors, entrepreneurs, and individuals with financial interests in the UAE. Eligibility and requirements vary by bank.
- Does every UAE company need to register for Corporate Tax?
Yes, UAE businesses are required to register for Corporate Tax, even if they ultimately qualify for exemptions or a 0% tax rate. Failure to register on time may result in penalties.
- Who is eligible for a UAE Golden Visa?
Eligibility may be available for property investors, entrepreneurs, business owners, highly skilled professionals, scientists, exceptional talents, outstanding students, and other qualifying categories. Specific requirements vary depending on the visa category.
- Does buying a property automatically grant a Golden Visa?
No. Purchasing property does not automatically result in a Golden Visa. Applicants must meet the relevant eligibility criteria and complete the formal application and approval process.
- Do Free Zone companies need to file Corporate Tax returns?
Yes. Free Zone companies are generally required to register for Corporate Tax and submit annual tax returns, regardless of whether they qualify for a 0% tax rate on qualifying income.
- Can a newly established UAE company open a corporate bank account?
Yes, although approval is subject to the bank’s internal compliance and due diligence requirements. Banks typically assess the company’s activities, ownership structure, source of funds, and business profile before approving an account.
- Do I need a physical office to set up a company?
Most company structures require a registered business address. Depending on the jurisdiction, this may range from a flexidesk or co-working facility to a dedicated office space.
- Is bookkeeping mandatory for UAE companies?
UAE businesses are advised to maintain accounting records and supporting documentation for statutory and tax compliance purposes. Proper bookkeeping is also essential for Corporate Tax and VAT reporting.
- How long does it take to set up a company in the UAE?
Company formation timelines vary depending on the jurisdiction and business activity. In many cases, a company can be established within a few days, while regulated activities may require additional approvals and thus take more time.
- Can I use a Free Zone company as a holding company for UAE property investments?
Yes. Free Zone companies are commonly used as holding companies for property investments and other assets. A properly structured holding company can simplify ownership, facilitate future transfers, and support long-term estate and succession planning.
- What is the minimum property investment required for a Golden Visa?
Property investors are generally eligible if they own UAE real estate with a value of at least AED 2 million, subject to the latest government requirements and approval criteria.
- When is VAT registration mandatory in the UAE?
VAT registration is generally mandatory when taxable supplies and imports exceed AED 375,000 during the previous 12 months or are expected to exceed that threshold within the next 30 days.
- Is a Golden Visa the same as UAE citizenship?
No. A Golden Visa provides long-term residency rights but does not grant UAE citizenship. Visa holders remain citizens of their home country unless separately granted UAE nationality under exceptional circumstances.
- Can I reclaim VAT on business expenses?
In many cases, businesses can recover VAT incurred on eligible business expenses, provided the costs relate to taxable business activities and appropriate documentation is maintained.
- Can I work in the UAE with a Golden Visa?
Yes. Golden Visa holders are permitted to live and work in the UAE and may work for an employer, operate their own business, or pursue professional activities in accordance with UAE regulations.
- Can I outsource my accounting and bookkeeping?
Yes. Many businesses choose to outsource their accounting and bookkeeping functions to reduce costs, improve compliance, and gain access to experienced financial professionals without maintaining an in-house finance team.
- Can I obtain a Golden Visa with a mortgaged property?
In many cases, yes. Certain banks and financing structures may qualify, provided the property’s value and financing arrangements meet the relevant government requirements.
- What is better: a Mainland or Free Zone company?
The right choice depends on your business activities, target market, visa requirements, and long-term growth plans. Mainland companies can generally trade throughout the UAE, while Free Zones may offer industry-specific benefits and potential Corporate Tax advantages for qualifying businesses.
- Can a foreigner own 100% of a company in the UAE?
Yes. Most UAE Mainland and Free Zone business activities now allow 100% foreign ownership. However, certain strategic or regulated sectors may still require local participation or additional regulatory approvals.
- Do I need accounting records to support a bank account application?
Many banks request information regarding business activities, expected transactions, source of funds, invoices, contracts, and financial records as part of their due diligence process.
- Can I remain outside the UAE without losing my Golden Visa?
One of the key advantages of the Golden Visa is its flexibility. Unlike certain standard residence visas, Golden Visa holders can generally remain outside the UAE for extended periods without affecting their residency status, subject to prevailing regulations.