A penalty for expiry of visa was lowered from AED 100 to AED 50. This fee is charged every day. Mind the dates of termination of different visas: whether it is tourist, visit, or residence one. This date is located on visa card right after its number. You can look it up on your Emirates ID, since these two documents are unified. Moreover, to check whether your visa is valid or not you can do it online on relevant websites.
In case an expat is caught working for another company without official permission, the hiring company will be fined for a sum of money starting from AED 50, 000.
There are companies that are exempt from paying corporate income tax at 9% rate and they only pay VAT. If their profit does not exceed AED 375,000, then they are exempted from paying corporate tax. Then they pay VAT only, so if income doesn’t exceed 375 000 AED then there is no need to register with the tax authority.
Since the entry into force of 9% corporate tax rate, companies which are subject to taxes must register with the tax service. If you neglect to register your company with the tax service as it is required, you will pay AED 10, 000. The risks of receiving such fines have doubled recently.
You should ensure that the state body regulating the company is informed about the beneficial owners (real owners). Similarly, in case of any change in the composition of the beneficial owners, information is due to be provided to the regulatory authority within 14 days. The fine for failure to provide or late provision commence from AED 15,000.
You are to confirm the company’s economic presence. If the company does not submit a notification on time, the fine will start from AED 20,000. Whether you need to confirm the economic presence of the company or not is based not on the type of activity indicated on the company's license, but on the basis of the actual activities that the company conducts.
Emiratisation standards apply to all UAE companies employing 50 or more employees. For each person who is not hired, the company receives a fine starting from AED 6,000 per month.
Dominica's Electronic Citizenship Program provides a compelling opportunity for foreign investors to obtain citizenship through investment, delivering a suite of substantial benefits tailored for personal convenience and strategic financial management.
At the moment, Dominica does not offer digital citizenship in the way it is implemented in some other countries, such as Estonia, where anyone can become an e-resident and do business in the European Union while remaining physically outside of it.
Dominica and the Dominican Republic are often confused due to their similar names, but they differ significantly in geography, culture, and governance.
