Qualifying Free Zone Person

I would like to remind you of our very detailed webinar “Corporate Tax in the UAE”, which took place four months ago. There we discussed many important and interesting points about the corporate tax.

One of these moments was the discussion of the conditions for a Qualifying Free Zone Person for Corporate Tax in order not to pay the corporate tax.

Let me briefly remind you of these conditions:

– Actual subtance in the free zone
– Derives qualifying income
– Complies with transfer pricing rules and maintainst the relevant transfer pricing documentation
– The person has not elected to be subject to corporate tax at the standard rate of 9%
– Meets the minimum requirements
– Prepares of audited financial statements

These conditions allow you to benefit from and receive corporate tax exemption in a free zone.