Tax Consultancy License in Dubai
Tax Consultancy Dubai
With the introduction of VAT in UAE most of the people are now trying to obtain the tax consultant license Dubai in order to legally become qualified tax consultants to other companies. The no. of firms providing the tax consultant services have increased in the UAE and has become one among the leading business activity in the UAE.
We can say that the tax consultancy license in Dubai is most in demand business in UAE as all the companies required the services to do their Accounting, VAT Registration, VAT return filing and for vat refund.
Activity Details
Activity Code : 6920002
Activity Group : Consultancy-D-management, information and marketing
License Type : Professional
Activity Description : Includes specialized firms engaged in tax advisory to UAE businesses on the VAT as well as tax levied abroad reclaim, also, advising foreign companies in UAE on how to avert double taxation, how to implement tax treaties between countries, reviewing the periodical forms and statements of the companies, the minimal qualifications required is bachelor degree in business administration, economics, law, accounting or a related discipline, along with three years hands-on experience.
Why tax consultancy in Dubai
- Legally become the consultants for any firm to do their VAT or tax requirements.
- Option to add accounts & bookkeeping activity in the same license.
How to set up tax consulting firm
Tax consultant activity will fall in the category of professional license. In this case the expat can hold the 100% of the shares in the company and the UAE national will become the Local service agent in the license. An LLC is not possible with this kind of activity.
The first step is to choose the name for the company and then write an exam under the American University of Dubai (AUD) by registering yourself online, after passing the exam an initial approval needs to be taken followed by the Court Signatures and final submission along with the Ejari for the office or the desk agreement if taking the desk space or sustainability desk for obtaining the license.
Management Skills Placement Test by AUD
. Any consultancy license being issued from the Dubai Economic Department(DED). require either the shareholder or manager to write an Exam. A person who wished to obtain the tax consultant license will need to be passed the exam taken by American University in Dubai(AUD) in order to get this license and start operating in the market.
The shareholder or manager in tax consultancy license need to answer the paper which is for a total of 100 points and the passing score will be 60 points.
AUD Exam paper is divided into 4 parts
- Basic Marketing Questions(24 points)
- Basic Financial Management Question ( 20 Points)
- Basic Management Questions ( 20 points)
- Three Short Cases ( 36 points)
The AUD exam cost is AED 2000 and the location of exam is the American University of Dubai located in Dubai Media City. The date for the exam will be confirmed upon registering online to attend the exam.
Cost of setting up a business in dubai
| Particulars | Professional License(AED) |
| Tradename Reservation | 620 |
| AUD Exam | 2000 |
| Initial Approval | 135 |
| Cout Fees | Approx. AED 2000 |
| Final Submission | 116 |
| Market Fees | 2.5% of Annual Rent |
| License Fees | Approx. 10000 |
Documents for tax consultancy license in Dubai
- Passport Copy
- Visa status
- NOC if required
- Ejari or the desk Agreement
- 3 trade name options.
Above given License information is subject to change upon new announcements and policies by government periodically. In order to avoid any confusion we advise you to kindly get in touch with professional business advisory for more latest information about the tac consultancy license in Dubai.
This blog post written by Ms. Florine, Director at Flyingcolour Business Setup, Accounting & Tax Services in Dubai and UAE, emphasize in providing the best advisory and customer satisfaction to clients. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.
