Dubai Business Guide for South Africans

CONTENTS

• South Africa: An Overview
  • The Lacklustre South African Economy
  • The South African Economy And Taxes
  • Capital Allocation: Locally Or Abroad?
• Dubai: An Overview
  • Livability
  • The Economy
  • Small Businesses In Dubai
• Doing Business In Dubai
  • Some Quick-Fire Facts On Why You Should Be Doing Business In Dubai
  • Ease Of Doing Business
  • Business Setup Process
  • Tax Benefits
  • Strategic Location
  • Start-Ups And SME Support
  • Infrastructure
  • Standard Of Living
• Legal And Regulatory Framework
• Establishing A Business In Dubai
• What Is A Free Zone?
  • Which Free Zone Do I Choose For Setting Up My Company?
  • What Are The Benefits Of Setting Up A Company In A Free Zone Versus In The Mainland?
• What Is The Mainland?
• What Is An Offshore Company?
• What Documents Do I Need To Set Up A Company In Dubai?
• When Setting Up My Company, Do I Have To Rent Office Space In Dubai?
• Can I Open A Bank Account In Dubai?
  • Your Company
  • You
• Buying Property In Dubai
• Visas
  • Can I Get A Visa And Residency In Dubai For Me And/Or My Family?
  • What Is A Freelance Visa?
  • Can I Retire In Dubai?
  • What Are Some Of The Benefits Of Having A Dubai Residency Permit?
• Compliance
  • What Statutory Requirements Does My Company Have To Adhere To?
  • Value Added Tax (VAT)
  • Withholding Taxes (WHT)
• Corporate Tax
  • The Applicable Tax Rates
  • Exempt Entities
  • The Requirement For Free Zones To Pay Corporate Taxes
  • Residents And Non-Residents
• Economic Substance Regulations (ESR)
• Common Reporting Standards (CRS)
• Ultimate Beneficial Ownership (UBO)
• Anti-Money Laundering (AML)
• The Tax Implication For South African Residents
  • Tax Residency
  • Income Tax
  • Anti-Avoidance
  • Estate Duties
  • Ceasing To Be A South African Tax Resident
  • Other Relevant Sections Of The Income Tax Act
• Addendum: South African Tax Implications – A Short Overview
  • SECTION 7 – WHEN INCOME IS DEEMED TO HAVE ACCRUED OR TO HAVE BEEN RECEIVED
  • SECTION 7C – LOAN, ADVANCE, OR CREDIT GRANTED TO A TRUST BY A CONNECTED PERSON
  • SECTION 9H – CHANGE OF RESIDENCE, CEASING TO BE A CONTROLLED FOREIGN COMPANY (CFC) OR BECOMING HEADQUARTER COMPANY
  • SECTION 9D – CONTROLLED FOREIGN COMPANIES (CFC)
  • SECTION 10B(2) AND (3) – EXEMPTION OF FOREIGN DIVIDENDS AND DIVIDENDS PAID OR DECLARED BY HEADQUARTER COMPANIES
  • SECTION 25B AND (2A) – INCOME OF TRUST AND BENEFICIARIES OF TRUST
  • SECTION 31 – TAX PAYABLE IN RESPECT OF INTERNATIONAL TRANSACTIONS TO BE BASED ON ARM’S LENGTH PRINCIPLE
  • SECTION 64B OF THE EIGHTH SCHEDULE – DISPOSAL OF EQUITY SHARES IN FOREIGN COMPANIES
  • SECTION 80(3) OF THE EIGHTH SCHEDULE – CAPITAL GAINS ATTRIBUTED TO BENEFICIARY
  • SECTION 80A TO 80L – GENERAL ANTI-AVOIDANCE RULES (GAAR)
  • PLACE OF EFFECTIVE MANAGEMENT (POEM)
  • CENTRAL MANAGEMENT AND CONTROL (CMC)