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) obligations. During that period, it was common for businesses to register broad, generic, or even unrelated activities in their Memorandum of […]
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 forms a vital part of their financial stability. Recognizing the importance of this
What to Do If a Tenant Stops Paying Rent in the UAE Read More »
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 under claims such as “family use” or “major refurbishment” when, in reality, the
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Crypto-like trading platforms and digital investment schemes have rapidly proliferated, outperforming traditional markets in appeal—yet many operate in a legal void. This unregulated landscape lacks stability and confidence, and it’s this very gap that scammers exploit. Without clear licensing requirements or enforcement mechanisms—especially outside regulated zones—fraudulent platforms prey on UAE investors seeking high returns. Many
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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 revenue or AED 5 million, whichever is lower, during a tax period. Why
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 and ensure that the company’s financial position and performance are accurately reported. This
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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 between independent parties in similar circumstances. Why is this Important? Proper transfer pricing
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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. Exceeding this limit will result in losing QFZP status and being taxed at
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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 businesses benefiting from the attractive Free Zone tax regime demonstrate a genuine economic
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The UAE Corporate Tax (CT) Law, introduced by Federal Decree-Law No. 47 of 2022 and effective from 1 June 2023, establishes a comprehensive legal framework for taxing business profits in the country. It reinforces the UAE’s commitment to transparency and sustainable economic growth, applying to all businesses operating in the UAE and supporting the nation’s
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