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 […]
Transfer Pricing Compliance for Qualifying Free Zone Person Read More »
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
Qualifying Income for Qualifying Free Zone Person Read More »
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
Adequate Substance for Qualifying Free Zone Person Read More »
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
Understanding UAE Corporate Tax and the Role of Free Zones Read More »
Over the past two years, buyers in Dubai have ridden one of the most dynamic real estate surges in the world. Property prices have soared nearly 75% since early 2021, while total transaction volumes skyrocketed, 2024 alone recorded 180,987 deals worth AED 522 billion, up 36.5% year-on-year. Villas, luxury apartments, and prime waterfront units have
When Can You Cancel a Property Purchase Agreement in Dubai? Read More »
The loss of a loved one is always an emotional and challenging experience. Amid the grief, families are often faced with the important legal responsibility of settling the deceased’s affairs — particularly their assets. One of the first questions that arises is: What happens to everything the person owned? This is where probate comes in.
What Is Probate in the UAE Read More »
I. Introduction Two fundamental principles of international arbitration are: 1. parties’ autonomy, and 2. equality of treatment. It is established that the arbitral tribunal’s authority is derived from the parties’ freedom to determine the procedural and substantive framework of the arbitration process. However, the integrity of the arbitral process/award rest fundamentally on the equality of
Equality of Treatment in International Arbitration Read More »
Dubai’s real estate market has long served as a global investment hub, attracting buyers seeking strong returns on investment (ROI) and consistent market growth. However, the increasing incidence of stalled, delayed, or uninitiated projects has raised concerns about market credibility. Such challenges not only erode investor confidence but also create opportunities for mismanagement and fraud.
Dubai’s Legal Response to Cancelled or Incomplete Real Estate Projects Read More »
The United Arab Emirates (UAE) is home to a vibrant expatriate community, comprising individuals from over 200 nationalities, who have established lives, careers, and businesses across the country’s seven emirates. While many expatriates arrive with legal understandings formed by their home jurisdictions, the UAE’s legal system — a distinctive fusion of Islamic Sharia principles, Civil
Ignorance of the Law Excuses No One! “Ignorantia Juris Non Excusat” Read More »
The introduction of the UAE Corporate Tax (CT) regime, effective from 1 June 2023, has brought significant changes that continue to challenge Free Zone entities operating under outdated assumptions from the tax-free era. These misconceptions now pose serious risks, including non-compliance, penalties, and even the potential loss of the 0% tax benefit. A crucial legal
Free Zone Entities & Corporate Tax in the UAE Read More »
