Flyingcolour Tax Consultants
Info CheckedProperty Accountants & Tax Advisors
Dubai Media City
About
Flyingcolour Tax Consultants brings over 20 years of experience to Dubai's tax advisory landscape. Operating from Dubai Media City, the firm specialises in UAE tax compliance with notable expertise in property-specific VAT rules and HNWI tax advisory.
Property-Related Tax Services
- UAE Corporate Tax registration, filing, and consultancy
- VAT for real estate — with detailed expertise on:
- Zero-rating for newly constructed residential properties (first supply within 3 years)
- Residential property exemptions on subsequent supply
- Bare land as exempt supply
- Commercial property at standard 5% rate
- Tax Residency and Domicile Certificates for property investors
- Transfer pricing advisory
- HNWI tax advisory for property investors
- UK-UAE international taxation (specialist in-house)
Key Strengths
Flyingcolour's detailed property VAT expertise — distinguishing between zero-rated new builds, exempt residential resales, exempt bare land, and taxable commercial property — makes them particularly useful for developers and investors navigating UAE VAT on property transactions. Their UK-UAE specialist is valuable for British property investors in Dubai.
Sources
Services Offered
Key services Flyingcolour Tax Consultants provides for property accountants & tax advisors clients in Dubai:
Why Choose Flyingcolour Tax Consultants
- Part of the Flyingcolour® group, established in Dubai in 2004 with 175+ professionals.
- Single group covering business setup, accounting, taxation, audit, real estate and immigration.
- In-house audit arm (J N J Auditing LLC) for statutory and internal audits.
- End-to-end Corporate Tax and VAT support, from registration to return filing.
- Free initial consultation with tax consultants.
- Offices in Dubai Media City and DIFC.
How Flyingcolour Tax Consultants Works
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1
Free consultation
Book a free call with a tax consultant to discuss your business and tax position.
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2
Assessment
The team reviews your structure, records and obligations across VAT, Corporate Tax and accounting.
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3
Registration & setup
Handle FTA registrations, bookkeeping setup and compliance requirements as needed.
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4
Filing & ongoing support
Prepare and file returns, maintain records and provide ongoing advisory and audit support.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.
Frequently Asked Questions
Do I pay tax on rental income from a Dubai property?
The UAE has no personal income tax, so individuals generally do not pay income tax on personal rental income. However, where property is held through a business, UAE Corporate Tax may apply to its profits. A consultant can confirm how your specific holding structure is treated.
Does UAE Corporate Tax apply to property investors?
UAE Corporate Tax (9% on taxable profits above the AED 375,000 threshold) has applied since financial years starting on or after 1 June 2023. It generally applies to businesses and commercial activities; individuals earning personal real-estate income in their own name may fall outside its scope. The firm can assess your situation.
Is VAT charged when buying or leasing commercial property in Dubai?
As a general UAE rule, commercial property is subject to 5% VAT, while the first supply of new residential property is zero-rated and subsequent residential leasing is exempt. The firm can advise on VAT treatment and recovery for a specific transaction.
Do I need an FTA-registered tax agent?
You are not always required to appoint a tax agent, but a registered tax agent can interact with the Federal Tax Authority on your behalf and help with registrations, filings and audits. Flyingcolour offers VAT and Corporate Tax services and a free initial consultation.
Can you handle owners-association or service-charge accounting for property?
The firm provides accounting, bookkeeping and audit services (audits via J N J Auditing LLC). Contact them with the details of your jointly-owned property or service-charge accounts to confirm scope.
Do you offer accounting and bookkeeping as well as tax?
Yes. Services include accounting, bookkeeping, financial statement preparation, payroll and outsourced CFO services, alongside VAT, Corporate Tax, excise tax and ESR compliance.
Do you offer a free consultation?
Yes. You can book a free consultation with their tax consultants via the website or by phone/WhatsApp.
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