Nimbus Consultancy

  Securing industrial design rights is essential for businesses and individuals who want to protect their creative work from unauthorized use. In the UAE, industrial design registration grants exclusive ownership, allowing the holder to control its use, licensing, and legal enforcement against infringement. With a strong intellectual property framework, the UAE provides a reliable system for safeguarding innovative designs across various industries. This post enlists the major steps involved in registering an industrial design in the UAE, from application submission to examination, publication, and potential opposition. Understanding the process can help businesses and individuals navigate registration requirements effectively and ensure their designs receive the legal protection they deserve. 1. Understanding Industrial Design Registration in the UAE An industrial design refers to the visual appearance of a product, including its shape, pattern, and colors. Registering an industr...

  Since the introduction of Value Added Tax (VAT) in the UAE in January 2018, businesses have had to navigate VAT regulations to ensure compliance and optimize their tax strategies. While most goods and services are subject to a standard 5% VAT rate, certain services qualify for a zero-rating, meaning no VAT is charged on their sale, yet businesses can still reclaim input VAT incurred on related expenses. Understanding which services fall under this zero-rated category is essential for businesses, as it allows them to optimize cash flow, reduce costs, and enhance financial management. This post explores the services that are zero-rated under UAE VAT, their implications for businesses, and key compliance requirements. 1. What Are Zero-Rated Services? Zero-rated services are specific categories of transactions where VAT is applied at a rate of 0%. This means that businesses do not charge VAT to their customers, but they are still entitled to claim input VAT on related expenses. This ...

  For years, UAE free zones have been a prime destination for businesses looking to take advantage of tax incentives and a business-friendly environment. With the introduction of corporate tax in the UAE, many business owners are now wondering if free zone tax benefits still apply. The good news is that UAE free zone companies can still enjoy corporate tax exemptions, but only under specific conditions. Understanding these conditions is essential for businesses looking to retain their tax-free status while ensuring compliance with the UAE’s evolving tax regulations. This post breaks down the corporate tax exemptions available for UAE free zone companies, the qualifying criteria, and what businesses need to do to maintain their eligibility. Free Zone Companies Exempt from Corporate Tax – What to Know Some of the UAEfree zone companies are exempted from corporate tax but only under certain conditions. While the UAE has introduced a 9% corporate tax for businesses earning taxable...

  The United Arab Emirates (UAE) has undergone significant tax reforms in recent years, with the introduction of Value Added Tax (VAT) and corporate tax reshaping the financial landscape.  At the center of this transformation is the Federal Tax Authority (FTA), the governmental body responsible for implementing and regulating tax policies. Understanding the role of the FTA is essential for businesses of all sizes to ensure compliance and avoid penalties.  This blog explores the responsibilities of the FTA, its role in VAT and corporate tax regulation, its enforcement mechanisms, and its commitment to taxpayer support and education.  THINGS TO KNOW ABOUT FEDERAL TAX AUTHORITY   What is the Federal Tax Authority (FTA)?   The Federal Tax Authority (FTA) is the entity responsible for overseeing tax collection and ensuring compliance with tax regulations in the UAE. The FTA works to create a transparent and effective tax system that benefits both the government...