So What Happens After You Set Up Your Business

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Year 1 Quarter 1
M1 AML Registration (If applicable) AML Registration (If applicable)
AML Registration
Non-Compliance Penalty
Up to AED 5 million & imprisonment of up to 10 years.
Financial institutions, DNFBPs, Brokers & Real-estate Agents, Dealers of precious metals & precious stones, Lawyers, Independent legal & accounting advisors, corporate services providers and Trusts, and Non-profit organizations must adhere to AML Regulations. Learn More
M1 UBO Compliance UBO Compliance
UBO Compliance
Non-Compliance Penalty
Up to AED 100,000 fine including suspension of trade license for up to 12 months.
All companies that are licensed in the UAE, except those owned by local or federal government, must make Ultimate Beneficial Ownership (UBO) declarations. Learn More
M1 Corporate Tax Registration Corporate Tax Registration
Corporate Tax Registration
Late Corporate Tax Registration Penalty
AED 10,000.
All taxable persons are required to register for UAE Corporate Tax before respective deadlines and obtain a Corporate Tax Registration Number as per the UAE Corporate tax law. Learn More
M2 Corporate Tax Registration Bank A/C opening
Bank Account Opening
It takes approximately 2 to 4 weeks to open a bank account for an LLC or Free Zone company in the UAE. The period may vary depending on the bank. Learn More
M2 Corporate Tax Registration VAT Registration
(If threshold crossed)
VAT Registration (if threshold crossed)
Late VAT Registration Penalty
AED 10,000.
A business must register for VAT if its taxable supplies and imports surpass AED 375,000. Voluntary registration is an option if taxable supplies or imports exceed AED 187,500. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 1 Quarter 2
M5 Corporate Tax Registration 1st Quarterly VAT Return (Y1)
1st Quarterly VAT Return (Y1)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 1 Quarter 3
M8 Corporate Tax Registration 2nd Quarterly VAT Return (Y1)
2nd Quarterly VAT Return (Y1)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 1 Quarter 4
M11 Corporate Tax Registration 3rd Quarterly VAT Return (Y1)
3nd Quarterly VAT Return (Y1)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 2 Quarter 1
M1 AML Registration (If applicable) Trade License Renewal
Trade License Renewal
The Dubai Economic Department license has a validity period of 1 year and you will have to renew it annually. In addition, you will have to apply 30 days in advance of losing its validity. Learn More
M2 UBO Compliance 4th Quarterly VAT Return (Y1)
4th Quarterly VAT Return (Y1)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 2 Quarter 2
M5 AML Registration (If applicable) 1st Quarterly VAT Return (Y2)
1st Quarterly VAT Return (Y2)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
M6 UBO Compliance ESR Notification (If Applicable)
ESR Notification (if applicable)
Non-Compliance Penalty
AED 20,000.
Companies involved in 'relevant activities' in the UAE are required to submit economic substance notifications within 6 months from the Licensee’s financial year end. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 2 Quarter 3
M8 AML Registration (If applicable) 2nd Quarterly VAT Return (Y2)
2nd Quarterly VAT Return (Y2)
Late Corporate Tax Filing Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
M9 UBO Compliance Corporate Tax Filing
Corporate Tax Filing
Late Corporate Tax Filing Penalty
AED 500 for each month or for the first 12 months or AED 1000 for each month, or part thereof, from the thirteen months onwards.
The Corporate Tax Return will be due within 9 months following the end of the Tax Period. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
Year 2 Quarter 4
M11 AML Registration (If applicable) 3rd Quarterly VAT Return (Y2)
3rd Quarterly VAT Return (Y2)
Late VAT Return Penalty
AED 1,000 for the first time and AED 2,000 in case of repetition within 24 months.
Vat return is filed Quarterly. The last day to file any VAT return is the 28th day of the month following the end of the VAT return period. Learn More
M12 UBO Compliance ESR Report Submission (If Applicable) Failure to submit an Economic Substance Report can lead to a penalty of AED 50,000.
ESR Report Submission (if applicable)
Non-Compliance Penalty
AED 50,000.
Companies involved in 'relevant activities' in the UAE are required to submit ESR report to the regulatory authority on an annual basis. Economic Substance Regulation (ESR) requires onshore companies to “maintain and demonstrate an adequate economic presence” in the UAE. Learn More
R Corporate Tax Registration Bookkeeping (Recurring)
Bookkeeping
Non-Compliance Penalty
AED 50,000 to AED 500,000.
Bookkeeping is an ongoing process which’s vital for staying compliant with various UAE tax laws. Learn More
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