Do economic substance rules apply to my Dubai business?
Signed by: Sarah Al Qasimi (Lead Editor). Fact-checked by the full editorial team.
Official Source
FTA Economic Substance ↗Related Questions
What is the UBO declaration and is it mandatory?
Ultimate Beneficial Owner (UBO) declaration identifies all individuals owning 25%+ of a company or exercising significant control. Mandatory for all UAE-licensed entities under Cabinet Resolution 58 of 2020. Must be submitted to your licensing authority within 60 days of incorporation and updated within 15 days of any change. Non-compliance fines start at AED 50,000.
What is the corporate tax rate in Dubai?
9% on taxable profit exceeding AED 375,000 per year, effective from June 2023. Profits below AED 375,000 are taxed at 0%. Qualifying Free Zone Persons (QFZP) pay 0% on qualifying income from outside the UAE. Corporate tax registration is mandatory for all UAE businesses regardless of profit level. File via FTA's EmaraTax portal.