Eligible Family Foundations must be registered for Corporate Tax and can apply through the taxpayer, their Tax Agent, or legal representative. Once approved, they will no longer be required to file Corporate Tax Returns. However, individual beneficiaries must assess their tax obligations and file Corporate Tax Returns if required.
Why Is This Beneficial for Family Foundations in the UAE?
The introduction of the Unincorporated Partnership status for Family Foundations provides significant tax advantages and compliance benefits, including:
- Elimination of Corporate Tax Filing Obligations – Once approved, Family Foundations are exempt from filing Corporate Tax Returns, reducing administrative burdens.
- Enhanced Tax Efficiency – The taxation responsibility shifts to individual beneficiaries, allowing for optimized tax planning.
- Improved Regulatory Compliance – Aligns with international best practices, ensuring Family Foundations operate within the UAE’s evolving tax framework.
- Facilitated Wealth and Estate Planning – Enables structured wealth preservation while minimizing direct taxation complexities.
This development strengthens the UAE’s commitment to business-friendly tax policies, providing long-term solutions for family wealth management in a transparent and robust tax environment.
How We Can Help
Navigating tax regulations and ensuring compliance with the latest FTA requirements can be complex.
Our team is here to assist Family Foundations in:
- Assessing Eligibility – Reviewing whether your foundation meets the criteria for Unincorporated Partnership status.
- Application Support – Preparing and submitting the necessary documentation through the EmaraTax platform.
- Tax Advisory Services – Providing tailored guidance on Corporate Tax obligations for both Family Foundations and individual beneficiaries.
- Compliance & Structuring – Ensuring full alignment with UAE tax laws while optimizing wealth management strategies.
If you need professional assistance with your Family Foundation’s Corporate Tax status, contact us today to ensure a seamless application process and compliance with the latest FTA regulations.
