Call for Assistance: +971 503506152
Call for Assistance: +971 503506152
Accountants for UK businesses looking to expand into the United Arab Emirates
May 29, 2023

At Theta7, we are a team of qualified accountants and approved tax advisers recognized by the UAE Federal Tax Authority.

We are also licensed accountants in the United Kingdom, specializing in providing comprehensive support for businesses looking to establish a presence in the UAE, enabling them to sell to customers in the region, employ staff, and even establish manufacturing facilities.

Our wide range of services includes:

  • Incorporating mainland and freezone companies
  • Registering for VAT and Corporation Tax
  • Assisting with opening bank accounts
  • Facilitating residency and visa applications
  • Obtaining necessary business licenses
  • Providing support with Amazon Seller Central applications

Once your business is set up, we offer ongoing support in the following areas:

  • Accounting services
  • Audit assistance
  • Corporation Tax filing
  • Reliable bookkeeping
  • Timely VAT filing
  • Efficient payroll management
  • Virtual CFO services
  • Expertise in management accounting
  • Specialized Amazon accounting solutions

If you are interested in availing our services, please do not hesitate to contact us.

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Theta 7 - An Online Accounting Firm in the United Arab Emirates

Spondoo, a leading online accounting firm, has launched Theta 7, its new branch in the United Arab Emirates. Theta 7 is an online accounting firm that offers a range of accounting services to businesses in the UAE, leveraging technology to offer accurate, timely and cost-effective solutions. With its launch in 2023, Theta 7 is set to revolutionise the accounting industry in the UAE.

Taking my clients out for drinks or dinner? How it works in the eyes of the UAE Federal Tax Authority

Most jurisdictions now restrict or disallow client entertainment expenses, and the UAE is no exception to this. When you take a client out for dinner or drinks, or even paying for a joint golfing trip, this is client entertainment. You can indeed pay for this type of expense via the business, and it is still legitimate to do so.

When considering tax rate thresholds, how is UAE corporate tax calculated?

If a company has a taxable profit of 400,000 AED, the calculation will be (375,000 AED x 0%) + (25,000 AED x 9%) giving a tax bill for the period of 2,250 AED.

Is Dubai Truly Tax-Free? 

Simply put - Yes and no: There is no income tax on a person’s salary, wages, bank interest, dividends, or capital gains in Dubai, however, from June 2023 corporation tax was introduced

Can I Avoid Corporation tax by paying all my profits as a salary in the UAE?

Our answer is – it is not that simple, and the FTA (Federal Tax Authority) are too smart for that one.

Are Free Zone companies subject to tax in the United Arab Emirates (UAE)?

It is important to note that Free Zone companies are not exempt from corporation tax in the UAE, but they may qualify for a 0% tax rate. This is an important distinction as all Free Zone companies be required to register for corporation tax with the Federal Tax Authority (FTA) and file returns at least annually.
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Information provided on the site is merely guidance that may change in line with UAE law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Theta7 is a trading name for THETA 7 Accounting & Bookkeeping L.L.C, an authorised & licensed accounting firm under the Ministry of Economy and the Federal Tax Authority of the United Arab Emirates.
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