Who We Are
Accounting
Auditing
Business Consulting
Taxation
Tax Minds is a Dubai-based Chartered Accountancy firm
offering a comprehensive range of services including
Accounting, Auditing, Business Consulting, and Taxation.
Our team is composed of highly qualified Chartered
Accountants, IFRS specialists, and tax experts, all
committed to delivering top-notch solutions tailored to
meet the diverse needs of our clients.
At Tax Minds, we provide high-quality services at
competitive prices, catering to clients of all sizes and
across various industries. Our expertise spans sectors
including Real Estate, Manufacturing, Transportation,
Hospitality, Trading, and Professional Services, ensuring
tailored solutions for each client’s unique needs.
What We Offer
Professional & Clear
A trusted firm offering expert Accounting, Auditing, Business Consulting, and Tax services to help your business thrive.
Accounting & Book keeping
We offer a range of accounting services, including backlog accounting, ongoing monthly and quarterly accounting, and support for data integration between different accounting software systems. Our team of technical experts also provides customized accounting and financial reporting solutions tailored to client needs.
VAT Services
We provide comprehensive support for VAT regulations, including VAT registration, filing, consultancy, and handling VAT assessment cases. Additionally, we conduct impact assessments to help clients understand the implications of VAT on their business
Corporate Tax Support
We assist clients with corporate tax compliance, including registration, filing, consultancy, and managing assessment cases. We also conduct impact assessments and advise clients to maximize the tax benefits
Audit Services
We help clients arrange audits through our network of auditors, who are registered with various banks, freezones, and authorities. Based on client
requirements, we select the best auditors to ensure a smooth audit process. Our services also include corporate tax audits for Qualifying Free Zone Persons (QFZP) and taxable businesses with revenue exceeding AED 50 million.
Customs Support
We provide support for customs registration and help link VAT Tax Registration Numbers (TRN) to enable clients to avoid paying VAT on imports. We also offer advice on customs regulations to ensure compliance and efficient management of import duties.
AML Compliance
We assist clients in meeting Anti-Money Laundering (AML) requirements, including AML advisory, policy and procedure development, client screening, and guidance on reporting obligations in accordance with AML laws.
Tax Residency Support
We help clients obtain tax residency certificates and attested documents to take advantage of double taxation relief under
the Double Taxation Treaty (DTT) rules and regulations.
Business Consulting Services
For businesses looking to establish themselves in the UAE, we offer business consulting services that provide cost-benefit
analysis, compliance guidance, tax benefits, and recommendations on the most suitable business structure and licensing
options.
Tax Minds
UAE Compliances Requirements
In the UAE, businesses are required to adhere to a variety of compliance regulations, which may vary depending on the industry. However, there are several key compliance requirements that apply universally to all companies operating in the UAE. Below is an overview of the mandatory compliance requirements for businesses:
Step- 01
Company License Compliance
Any business wishing to operate in the UAE must obtain a valid license from the relevant authority. The UAE offers different types of licenses based on business activity, such as trading, commercial, professional, and service licenses. These licenses are issued by various authorities, including Mainland, Freezone, and Offshore. Licenses are generally valid for one to three years and must be renewed within 30 days of expiration.
Step- 02
VAT Regulations
The UAE implements a standard VAT rate of 5%, although certain business activities may be subject to a 0% rate, exempt, or out of scope. Any business exceeding the taxable revenue or expenses threshold of AED 375,000 must register for VAT within 30 days. Additionally, businesses with
taxable revenue or expenses exceeding AED 187,500 can voluntarily register for VAT before reaching the threshold. Once registered, businesses
must file VAT returns monthly or quarterly and remit the applicable taxes.
Step- 03
Corporate Tax Regulations
Effective June 1, 2023, the UAE introduced a corporate tax of 9% for businesses with profits exceeding AED 375,000. The UAE remains free from personal income tax. New businesses must register for corporate tax within three months of incorporation, while established businesses have specific deadlines based on their fiscal year. Businesses are required to file corporate tax returns annually and pay taxes within nine months of the end of the tax period
Step- 04
Customs Duties
The UAE imposes a customs tax of 5% on imports. Businesses involved in importing goods must file the required declarations and pay applicable customs duties. Clearing agents play a vital role in ensuring accurate documentation and the payment of customs duties
Step- 05
Anti-Money Laundering (AML) Compliance
Businesses falling under the Anti-Money Laundering (AML) regulations, including dealers in precious metals and stones, real estate brokers,
accountants, auditors, and corporate service providers, must comply with stringent AML requirements. These businesses are required to register with the Financial Intelligence Unit (FIU), implement AML policies and procedures, appoint an AML compliance officer, and maintain KYC (Know
Your Customer) documentation for clients. Failure to comply can result in severe penalties, including license cancellations and potential imprisonment.
Step- 06
Audited Financial Statements
For certain Freezone licenses, audited financial statements are mandatory. In the Mainland, businesses must also prepare audited financial statements in line with regulatory requirements. Additionally, under the new Corporate Tax law, audited financials are mandatory for Qualifying Free Zone Persons (QFZP) and taxable persons with annual revenues exceeding AED 50 million
Step- 07
Additional Compliance Requirements
Depending on the nature of the business, other compliance requirements may include Excise Tax, FATCA, CRS, Central Bank regulations, RERA, and DLD, among others. These requirements are determined based on the specific industry and business model
Accounting
Auditing
Business Consulting
Taxation
Why To Choose Us
Your trusted tax partner
At Tax Minds, we bring over 10 years of experience working across various industries, including Real Estate, Transportation, Manufacturing, Hospitality, and Trading. Our team of qualified professionals offers practical solutions to the challenges faced by our clients. We have a proven track record of delivering successful impact assessments, tax consultations, and IFRS advisory services, all tailored to meet the unique needs of your business.
Having been in the industry since the introduction of VAT and corporate tax, we stay up-to-date with the latest changes, including future developments like Pillar II MNC taxation, e-invoicing, withholding tax rules, and more. We are committed to providing high-quality services at competitive rates, ensuring you receive value for your investment. We believe tha our customers should recommend us based on the quality of our services, not through ads or internet-based marketing