FEBRUARY MONTHLY NEWSLETTER
Creation Business Consultants
UAE, Dubai & KSA company setup experts in structuring businesses while providing quick & efficient incorporation options
HIGHLIGHTS
UAE VAT ALERT: FILING & SETTLEMENT DEADLINE APPROACHING
REMINDER FOR UAE BUSINESS OWNERS
The deadline to file VAT returns & settle any VAT liabilities for 2025 is fast approaching. Ensure compliance to avoid penalties by completing your submissions accurately & on time.?
KEY DATE:?28 FEB 2025
WHO NEEDS TO FILE?
Monthly Filers: Tax period covering 1 Feb – 28 Feb 2025
Quarterly Filers: Tax period covering 1 Nov 2024 – 31 Jan 2025
IMPORTANT FILING DETAILS
WHY TIMELY FILING IS CRITICAL POTENTIAL RISKS
Significant penalties Penalties for late submissions or non-payment
Disruption of business? Delays & interruptions in business processes
Increased scrutiny or audits Likelihood of audits or investigations by the FTA
Damage to business reputation Negative impact on credibility & stakeholder trust
Don’t Risk Non-Compliance!
Act now to secure your business compliance & avoid unnecessary risks.
VAT COMPLIANCE MADE EASY:?STAY AHEAD OF DEADLINES & AVOID PENALTIES
Stay on track with timely VAT filing & liability settlements. Our Business Support & Compliance Package ensures your company remains compliant with the UAE's regulatory framework.
KEY FEATURES OF OUR PACKAGE
CONSEQUENCE PENALTY
Late Filing AED 1,000 for the first offense
Repeated Violations within 24 months Up to AED 50,000
Late Payment 2% of the unpaid tax the day after the payment deadline
After 1 Month of Non-Payment 4% monthly penalty, continuing monthly thereafter
Non-Payment Up to 300% penalty for continued non-payment
OUR COMPREHENSIVE VAT SUPPORT SERVICES
SERVICE DESCRIPTION
Organize & Compile VAT Data We handle the collection & organization of all VAT info
Prepare Accurate Returns Our experts ensure VAT returns are compliant UAE regulations
Submit Filings on Time We ensure timely VAT filings through the FTA
VAT Liability Settlements We help settle VAT liabilities promptly to avoid penalties
Regulatory Updates We keep you updated on the latest VAT regulations & changes
WHY CHOOSE OUR VAT SUPPORT?
With our comprehensive VAT support services, you can avoid penalties, minimize compliance risks, & ensure smooth, uninterrupted operations.
Let us take care of compliance related tasks so you can focus on scaling your business & achieving your goals.
BUSINESS ARTICLES
LAUNCHING YOUR AI BUSINESS IN THE UAE? LET’S MAKE IT SIMPLE
The UAE is rapidly becoming a global hub for artificial intelligence, offering unmatched opportunities for business owners & investors. With its forward-thinking initiatives like Vision 2040 & cutting-edge infrastructure, the UAE provides the perfect environment for AI innovation.
Whether you're exploring free zone or mainland options, selecting the right business license, or ensuring compliance with ethical AI practices, our expert team is here to guide you.
SMART TAX STRATEGIES FOR FAMILY BUSINESSES IN THE UAE
领英推荐
Family-owned businesses in the UAE can enhance tax efficiency through sector-specific exemptions, tax-free dividends, and strategic business structures. The UAE offers significant advantages like no inheritance tax, competitive corporate tax rates, & tax exemptions for businesses in free zones. By adhering to transfer pricing regulations, companies can lower their tax burden. Additionally, well-planned estate & succession strategies help ensure smooth ownership transitions, preserving wealth & supporting long-term growth for future generations.
BUILDING THE FUTURE OF SUPPLY CHAINS IN SAUDI ARABIA
Saudi Arabia’s strategic location, government initiatives under Vision 2030, & investments in logistics infrastructure make it an ideal destination for supply chain operations. The market is projected to grow from USD 27.14 billion in 2025 to USD 35.90 billion by 2030. Special Economic Zones like KAEC & Jeddah Economic City offer tax exemptions & 100% foreign ownership, while mainland setups require significant capital & compliance with Saudization policies.
CREATION TAX CLINIC WEBINAR ANNOUNCEMENT?SAUDI ARABIA EDITION
We are excited to announce our upcoming Creation Tax Clinic Webinar, focusing on crucial tax topics affecting businesses in Saudi Arabia.
What is Creation Tax Clinic Series?
Creation Tax Clinic is a series of insightful webinars designed to simplify the complexities of tax regulations for businesses in the region. As tax laws continue to evolve, staying informed is vital for success. Join us to gain valuable knowledge & practical tips that will help ensure your business remains compliant & thrives!
Why Attend?
This interactive webinar is more than just a presentation – it’s a chance to connect with our expert tax & business consultants who’ll provide valuable insights & practical tips on Saudi Arabia’s tax system. We’ll equip you with the knowledge & tools you need to stay ahead of the latest tax developments, including:
This webinar is tailored for Business Owners, Corporate & M&A Lawyers, C-Suite Executives, & Tax Professionals looking to strengthen their tax compliance in Saudi Arabia.
Webinar Details
Don't miss out! Reserve your space today by clicking on the registration link below.
UAE EVENTS
10-11 February 2025
Dubai World Trade Centre, UAE
Aircraft Interiors Middle East (AIME)
This is the largest aircraft cabin interiors gathering in the MENA region. This two-day exhibition brings together over 7,500 attendees from 95+ countries, including 250+ exhibitors & 120+ airlines. AIME provides a unique platform for interior suppliers, providers, & buyers to explore world-class products, new technologies, & improved networking opportunities. The event features expert speakers discussing new cabin concepts, connectivity, & sustainability. AIME 2025 is a must-attend event for global interiors providers.
17-21 February 2025
Dubai?World Trade Centre, UAE
Gulfood?
Gulfood?2025, celebrating its 30th anniversary, is?the world's largest annual food & beverage trade exhibition. This five-day event brings together over 5,500 exhibitors from 190+ countries, showcasing the latest trends?& innovations in the global F&B industry. Gulfood covers eight key sectors: beverages, dairy, fats & oils, wellness?products, meat?& poultry, pulses, grains & cereals, power brands, & world food. Attendees can explore new market opportunities & network with industry leaders.
SAUDI EVENTS
10-11 February 2025
Riyadh, Saudi Arabia
World ESG Summit 2025
The 5th Edition of the World ESG Summit, organized by Gulf Xellence. This premier event will bring together global leaders, industry experts, & stakeholders to discuss advancing Environmental, Social, & Governance (ESG) principles. The summit will focus on sharing ideas, exploring the latest trends, & finding innovative solutions to sustainability challenges. Attendees will gain practical insights into strategies for improving environmental stewardship, social responsibility, & governance practices. Join this impactful gathering to help shape a sustainable & responsible future.
15-18 & 24-27 February 2025
Riyadh Front Exhibition & Conference Center
Big 5 Construct Saudi 2025
This is the largest construction event in Saudi Arabia, spanning two weeks to unite the entire built environment industry. The first week (15-18 February) focuses on design to build, showcasing heavy construction, concrete, HVAC, & general construction. The second week (24-27 February) covers fit-out to services, featuring innovations in windows, doors, facades, stone & surface, & essential construction services. With over 2,000 exhibiting companies from 60+ countries, the event offers access to 20,000+ products & services, 100+ talks sessions, & networking opportunities with 75,000+ industry professionals.
ASIA EVENTS
25 February 2025
Gateway Hotel?,?Marco Polo, Hong Kong
Venture Capital World Summit
This summit brings together business owners &? investors in a dynamic platform designed to facilitate capital acquisition & international business growth. This premier event connects innovative businesses with a trusted network of global investors, offering critical opportunities for scaling & expansion. Participants will gain access to strategic insights, potential funding sources, & invaluable networking opportunities across diverse industry sectors.?
27 February?2025
Shanghai, China
Campaign China Summit 2025
This Summit brings together marketing professionals to explore cross-border marketing strategies?& global expansion opportunities for Chinese brands. This?pivotal event?addresses the?critical imperative of "expand globally or be left behind", highlighting emerging trends in international marketing. The summit will feature expert insights on cross-border marketing, brand globalization?strategies, & innovative approaches for Chinese companies seeking to diversify their market reach.?