UAE Corporate Tax Law Why this matters now? Many UAE entities — particularly offshore companies in JAFZA, RAKICC, and other free zones — may have acquired foreign subsidiaries, entered multi-layered ownership structures, or restructured shareholding without formal, attested shareholder resolutions. With the…

Actual Business Practices under UAE Corporate Tax Law Background: From Flexibility to Compliance Prior to the recent and significant shifts in legislation, many UAE companies were established under a more flexible regulatory environment with minimal compliance requirements and no Corporate Tax (CT)…

With over 9 million residents, the UAE is home to one of the most active rental markets in the region. A significant portion of residents are tenants, and for many property owners — from large investors to individual landlords — rental income…

The UAE’s property market is booming, fuelled by rising rents, an influx of newcomers, and growing demand for housing. For landlords, this creates an opportunity to secure higher returns. Unfortunately, some attempts to achieve this by exploiting the law, issuing eviction notices…

Legal Reference: Under the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022) and Cabinet Decision No. 55 of 2023, a Qualifying Free Zone Person (QFZP) must ensure that non-qualifying income does not exceed the de-minimis threshold of 5% of total…

Under the UAE Corporate Tax Law and relevant Free Zone regulations, a Qualifying Free Zone Person (QFZP) is required to prepare annual financial statements audited in accordance with International Financial Reporting Standards (IFRS). Why is this Important? Audited financial statements provide transparency…

Under Articles 34 and 55 of the UAE Corporate Tax Law, entities must comply with the arm’s length principle for transactions with related parties and connected persons. This means prices and terms must be consistent with those that would have been agreed…

Under the UAE Corporate Tax Law, a Qualifying Free Zone Person (QFZP) can benefit from a 0% corporate tax rate on qualifying income. However, this benefit is conditional: a QFZP must ensure its non-qualifying income does not exceed the prescribed de-minimis threshold.…

In response to evolving international tax standards and the UAE’s commitment to combating tax avoidance and base erosion, the Corporate Tax Law introduced the requirement for Free Zone Persons (FZPs) to maintain adequate substance within the UAE. This new obligation ensures that…