GENERAL FAQ'S
Got Any Questions?
GENERAL FAQ'S
- 1 Is an audit mandatory for UAE businesses?
- Yes, audits are often required under UAE Commercial Companies Law and free zone regulations to ensure compliance and transparency.
- 2 What are the costs of business setup in the UAE?
- Costs vary based on license type, location, and activities. At Proxel, we offer transparent pricing tailored to your business needs.
- 3 What is AML compliance in the UAE?
- AML (Anti-Money Laundering) compliance ensures your business follows UAE laws to prevent financial crimes.
- 4 How can I calculate my corporate tax liability?
- Tax liability is calculated on taxable income after allowable deductions. With our experts at Proxcel consulting, you can get help for accurate calculations.
- 5 Do I need a local sponsor for UAE business setup?
- Only for mainland businesses; free zones allow 100% foreign ownership without a local sponsor.
