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<\/p>\nFreelancing is becoming increasingly popular these days. In this article, we summarise some important facts about freelancing.<\/p>\n
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The word freelancer means freelancer, which is used to describe an individual who does not work as an employee of a company, but undertakes a specific job or project on a contract basis. They invoice for the work they do, either as a sole trader or as a partner.<\/p>\n
Freelance jobs are often much more varied than an employee job. If you're a professional, you can contract on a project basis, on an hourly, daily or monthly basis, on flexible terms. You can do the work from home or from anywhere in the world at any time. You can be involved in just one project, but you can also work for other companies on a variety of different tasks. You can also work online. Many people become freelancers for this reason, for example. Typical freelance work includes programming, website editing, copywriting, graphics, but I've also met digital nomads in customer service. A freelancer can do a Facebook campaign, manage google Adwords ads or anything that can be done online. However, it is important to note that this type of activity is not limited to online business. You can also be a design engineer or a consultant. Technically, it just depends on the contractors.<\/p>\n
Until September 2022, KATA was one of the best freelancing solutions in Hungary. By paying a fixed tax of 25, 50 or 75 thousand HUF per month, we could earn up to 12M HUF per year. There was a lot of grumbling when this form of business was abolished, and I should note that it is not usual to change tax rules almost immediately during the year, but let's face it: many KATA entrepreneurs, when they crossed the border, bought out their new business in the name of their wife, sister, mum, dad or just a friend and continued working, even as a side job, paying the lower fixed tax. This was a great loophole that many people took advantage of. During 2022 and 2023, many people contacted us to help them find the right business form to continue their current business with the benefits of the former KATA tax. Of course, it depends on the volume of business, but if you are not employing other professionals but selling your own expertise, the best way to do this at the moment is to set up a freelance sole trader business in Dubai.<\/p>\n
Dubai is one of the world's most popular business centres and has many advantages for freelancers. Below are some of the benefits, but I will not be exhaustive:<\/p>\n
However, it is important to note that entrepreneurs should carefully assess the business environment in Dubai and ensure compliance with local laws and regulations<\/strong>. Business plan development, financial planning and the use of local advisors are also key to starting a successful business in Dubai. We are at your disposal for all of these.<\/p>\n You can help countless businesses, building your own business from anywhere in the world. You can even manage a Facebook profile or organise online ads on Facebook or Google's advertising system. You can be a programmer or a specialist in any industry, you can build a long-term profitable business of your own with your expertise and image. An important advantage of being a freelancer is that the work can be done from home or from anywhere you like.<\/p>\n Dubai has been the centre of tax exemption in the world for the past decades.After the introduction of the general sales tax in 2018, the legal conditions for the introduction of the corporate tax were created in 2022, after which the new corporate tax was promulgated on 1 June 2023. The introduction of the tax is effective from the next fiscal year (recall the circumstances of the change in the KATA taxation), so corporate tax will be due from fiscal year 2024. But it is worth reading the rules on corporation tax, as the previous tax exemption may be preserved for a few more years.<\/p>\n By rule, everyone must register for corporate tax with the Federal Tax Authority (FTA). Corporation tax on profits 9% on profits above AED 375000<\/strong>. Below the tax-free threshold, and above the tax-free threshold, corporate tax is charged. However, it is important to note that until the end of 2026, for turnover below AED 3,000,000, 100% of the profit is tax exempt, which is, translated, almost Tax exemption up to HUF 300.000.000<\/strong>either as a freelancer or as a contractor. It's important to know that bookkeeping and filing returns are already compulsory, but this is also mandatory everywhere else. For further tax issues, see the relevant we write in our article<\/a>.<\/p>\nWhy waste your time on someone else's business when you could be building your own?<\/h2>\n
Freelancer taxation in Dubai<\/h2>\n
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