The UAE government and the Ministry of Finance have announсеd long-awaited clarifications regarding the taxation rules for companies operating in Free Zones.

As per the UAE Corporate Tax Law and following implementing decisions, from June 1, 2023, all taxable persons and entities are required to register for UAE Corporate Tax and obtain a Corporate Tax Registration Number.

The UAE has a zero-tolerance policy for defamatory statements made against others and enforces strict penalties under the Penal Code and Cyber Crime Law.

The Cabinet Resolution No. (85) of 2022, defining the updated criteria of UAE tax residency for legal and physical persons, has become effective as of 1 March, 2023.

A 10-year ‘Golden Visa’ for property investors is a new residence option introduced by the UAE government for high-net-worth individuals.

Investing in UAE Real Estate Market has been made even easier, once the companies RAKEZ and RAKICC were permitted to own properties in the freehold areas.