Temporary Zero-rating of Certain Medical Equipment

On 1 September 2020, the Cabinet issued a Cabinet Decision No. 9/12 O of 2020 (“Cabinet Decision”). The Decision concerns the temporary application of VAT at the 0% rate on certain supplies and imports of medical equipment. Furthermore, the Ministerial Decision No. 380 of 2020 (“Ministerial Decision”) issued by the Minister of Health and Prevention on 6 December 2020 (with effect from 1 September 2020) specifies the medical equipment that are zero-rated in accordance with the Cabinet Decision. In accordance with Cabinet Decision No. 15/3 O of 2021, the above decisions shall be effective until 31 December 2021.

In accordance with the Cabinet Decision, a supply or import of certain medical equipment may be zero-rated. It should be noted that that the zero-rating of supplies and imports under the Cabinet Decision is separate, and in addition to, zero-rating of any other medical equipment in accordance with Cabinet Decision No. 56 of 2017 on Medications and Medical Equipment Subject to Tax at Zero Rate.

The “medical equipment” to which the temporary zero-rating rules apply are personal protective equipment used for the protection from Covid-19, and which contain the features and meet the specifications determined and specified by the Ministerial Decision. Such medical equipment are limited to:

  • Medical face masks that are not included in the Cabinet Decision No. 56 of 2017 on Medications and Medical Equipment Subject to Tax at Zero Rate (of approved standards 14683 and UAE.S ASTM F2100);
  • Half filtered face mask (UAE.S EN 149);
  • Non-Medical “community” face mask made from textile (UAE.S 1956);
  • Single-use gloves (UAE.S ISO 374-2); and
  • Chemical disinfectants and antiseptics intended for use on the human body, but excluding detergents, cosmetics and personal care products (UAE.S EN 1276, EN 1650, and EN 14476:2013+A2).

CONDITIONS TO ZERO-RATING

Date of supply/import of above mentioned medical equipment shall be within the period beginning from 1 September 2020 to 31 December 2021.

Jafza Offshore Company Formation In Dubai And Its Best

Jafza Offshore Company Formation

Jafza Offshore Company Formation – RBS is a professional firm of chartered accountants operating in Dubai, United Arab Emirates offering accounting, auditing, company formation and other financial services across the U.A.E.

Whether it is a start-up or an established enterprise looking to take the next step, we are well-equipped to assist you from ground level to the, pinnacle of success. To identify the highest value opportunity of your businesses and to address your most likely critical challenges, RBS provides the following services: auditing, accounting and outsourcing, business advisory, business strategy, business structuring and corporate finance to a wide range of companies.

RBS – registered agent in Jafza Offshore company formation

 

An offshore company is a very flexible corporate entity. Company Formation In UAE As such it can be integrated into a wide variety of business arrangements. Reduced tax and increased confidentiality are just two of the main benefits which can be achieved by a proper application of the offshore company.

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Features of the JAFZA Offshore company formation

 

 

  • 100 % foreign ownership
  • No tax (VAT – is outside the preview for offshore companies)
  • There is no local office is required, no employees and related costs
  • Full repartition of profit and capital allowed
  • Confidentiality
  • Lower set up and maintenance cost
  • Lower capital requirement
  • Different trustworthy offshore agent in Jafza.

Depending on your circumstances and the financial risk you are willing to take, we can advise whether it is more advantageous to trade as a limited company, a partnership, a Limited Liability or hybrid partnership or as a sole trader – both now and in the future.

Reorganizing the lines of authority and responsibility in an organization achieve efficiency and profitability, while reducing risks involved. Offshore Agent In Jafza To realize these objectives, our advisors offer planning and support services in combining companies, streamlining groups within a company, and integrating common services within an organization.

Start Jafza Offshore Company Formation with Simple Steps

Jafza Offshore Company Formation

The Jafza Offshore Company Formation is one of the top emerging free zones in UAE which is situated to the west of Dubai, next to Abu Dhabi. JAFZA is highly popular amongst investors to run business because of the lots of benefits it offers.

Once you sign up your Company Formation In UAE in JAFZA, the company holds a legal position for implementing on genuine business and it allows simple transference of business within the Middle East.

Company Formation In UAE

 

  • JAFZA offshore is famous as a staid international centre for business and manufacturing and it provides the positive reputation for including more business
  • If you are an offshore company that is registered in JAFZA, you can have property in your personal name or with a company based in UAE
  • It is quite easy to open bank accounts in Dubai for offshore companies registered in JAFZA
  • Companies which are registered in JAFZA can benefit of a tax-free organization, and there is no limitation on sending back capital and revenue generated from the business
  • It is quite easy to carry out banking, insurance, accounting, legal matters, and viability studies as support is available
  • These are the major steps for offshore company registration in the Jebel Ali Free Zone:
  • You have to get in touch with a dependable Jafza Offshore Company Formation certified agent for the registration process
  • Obtain a bureaucrat quote for the range of work you need, such as registration, nominee services, opening bank accounts, any particular attestations mandatory
  • Submit three names for the company which are confirmed by the system
  • Choose ahead the performance of your business – property investment, consultancy, trade, or working as a holding company
  • Decide the share resources
  • Confirm the list of investors, at least of 2 directors, and bureau
  • Submit the obligatory documents, such as passport copy, address proof, a reference from bank and shareholders’ bio-data.