As corporate taxation becomes a central part of doing business in the UAE, such efforts are crucial in equipping entrepreneurs with the knowledge and tools they need to thrive.
In a significant move to empower the Bangladeshi business community in the United Arab Emirates, the Commercial Wing of the Bangladesh Consulate in Dubai recently organized a seminar titled “The Basics of the UAE Corporate Tax.”
The seminar aimed to raise awareness among Bangladeshi entrepreneurs about the new corporate tax framework in the UAE and guide them towards full compliance with the tax regulations, thereby ensuring the sustainable growth of their businesses.
The seminar emphasized the importance of understanding the UAE’s corporate tax system, which came into effect to enhance transparency and boost the country’s economy.
For Bangladeshi entrepreneurs, proper compliance not only facilitates smooth business operations but also supports the flow of remittances to Bangladesh—an essential pillar of the country’s economy.
The event was graced by several high-profile dignitaries. H.E. Mr. Tareq Ahmed, Ambassador of Bangladesh to the UAE, and Mr. Md. Rashedujjaman, Consul General of Bangladesh in Dubai, attended the seminar and stressed the significance of such awareness programs.
Both dignitaries highlighted that educating the Bangladeshi business diaspora on financial and legal matters like taxation is vital for long-term stability and bilateral economic cooperation.
The seminar also saw participation from Mr. Manea Al Mandoos, Head of the Finance Department, and Mr. Muhammed Al Muhairi, Head of the Member Support Department at the Ajman Chamber of Commerce & Industry.
Their presence underscored the UAE’s commitment to supporting the expatriate business community and enhancing collaboration with stakeholders from diverse national backgrounds.
Over 100 Bangladeshi business professionals, primarily based in Ajman and Sharjah, took part in the seminar. Many are active in sectors such as retail, garments trading, services, and food & beverage.
The high turnout reflected the community’s growing interest in understanding and aligning with the UAE’s evolving business regulations.
A highlight of the seminar was an insightful presentation by Mr. Mahfuz Ul Alam, who provided a detailed overview of the UAE Corporate Tax system.
He covered the scope, application, compliance requirements, and implications of the tax on small and medium enterprises, particularly those operated by expatriates. His presentation was highly appreciated by the attendees for its clarity and practical guidance.
The seminar was organized with the active cooperation of the Bangladesh Ready Made Garments Traders’ Association, UAE, whose support played a vital role in the successful coordination and execution of the event.
This initiative marks a progressive step towards strengthening the economic contribution of Bangladeshi expatriates in the UAE, fostering greater legal awareness, and nurturing a compliant, responsible business community.
As corporate taxation becomes a central part of doing business in the UAE, such efforts are crucial in equipping entrepreneurs with the knowledge and tools they need to thrive.
