FREQUENTLY ASKED QUESTIONS
A clearer starting point.
Explore common questions about setting up, operating and growing a business with NexGen.
About NexGen
What does NexGen Financial Consultants do?
We provide business setup coordination, tax and financial advisory, accounting support and cross-border structuring guidance, with a focus on India, the UAE and international business links.
Who leads NexGen?
NexGen is founded by CA Sanket Shah, a Chartered Accountant with experience in taxation, reporting, treasury and compliance across India and the UAE. Meet our founder.
Do you have Forex & Crypto industry experience?
Yes. We support traders, entrepreneurs and digital-asset businesses with tax, accounting, compliance and business structuring across India and the UAE. Our work concerns their financial and business obligations. Explore Forex & Crypto Advisory.
Business setup
Can a foreign investor own a Dubai mainland business?
Full foreign ownership is available for many mainland activities. Strategic-impact activities and regulated sectors can have additional ownership or approval requirements. We check the specific activity before recommending a legal form.
How much does it cost to start a company?
The total depends on the activity, authority, legal form, shareholders, workspace, visa allocation and external approvals. We prepare an itemised scope covering setup, recurring costs and optional services, using the authority’s current charges.
Can I complete the process from outside the UAE?
Some incorporation processes can be completed remotely. Identity verification, banking and residency requirements may involve a visit. We confirm which steps can be remote for your selected jurisdiction and circumstances.
Does a licence guarantee a bank account or residence visa?
No. Banks and immigration authorities assess applications independently. We help prepare documentation and coordinate the process, but approval, conditions and timing remain with the relevant institution.
Are offshore and free zone companies the same?
No. An offshore structure has a different permitted purpose and operating framework. It is not interchangeable with a mainland or free zone operating licence. We assess whether it is appropriate for a holding or international structuring requirement.
Tax & business structuring
Are free zone companies exempt from Corporate Tax?
Not automatically. The free zone regime provides 0% treatment for Qualifying Income of a Qualifying Free Zone Person, subject to conditions. The entity’s other income and circumstances must also be assessed.
Can you review an existing India–UAE structure?
Yes. We can review ownership, management, related-party transactions and operational arrangements, and coordinate tax and regulatory advice on potential changes.
Does a UAE visa establish tax residency?
A visa alone does not determine residency for every tax purpose. Applicable residence tests, personal or business facts, documentation and treaty conditions require separate consideration.
Does moving to Dubai make trading income automatically tax-free?
No. Personal and company tax residence, income type, management location and continuing India connections must be reviewed. A UAE visa or incorporation alone does not remove tax, reporting or foreign-exchange obligations.
How can you help with digital asset reporting?
We help reconcile exchange, wallet and banking records, organise transaction histories and review applicable VDA disclosures and withholding obligations. The relevant tax period, residence position and nature of each transaction determine the reporting requirements.
Do businesses still file ESR reports?
UAE ESR notifications and reports were cancelled for financial years ending after 31 December 2022. Historical obligations and authority requests may still require attention. Corporate Tax substance conditions are separate.
Ongoing support
Can you help with accounting, VAT and Corporate Tax?
Yes. We can support bookkeeping, financial reporting, relevant registrations, return preparation or review, and compliance coordination.
Do you provide an independent statutory audit?
We support audit readiness and coordinate assurance work with independent, appropriately licensed auditors where required. The exact engagement scope and responsible provider are agreed in advance.
Does NexGen offer brokerage or investment services?
No. NexGen provides tax, accounting, compliance and business structuring support. We do not operate a Forex brokerage or crypto exchange, execute trades, hold client assets or manage investments. Regulated activities need a separate licensing assessment.
How do I start?
Use our contact page to submit an enquiry, or contact us directly by phone, email or WhatsApp. We will review your requirements and arrange the next step.
LET’S MOVE YOUR BUSINESS FORWARD
Your next chapter starts
with a conversation.
Tell us where you are today and where you want to go. We’ll help you work out the next step.
