Federal Decree-Law No. 47 of 2022, known as the “Corporate Tax Law” (CT Law), was published on December 9, 2022. However, it left certain key elements undefined, notably the criteria for a Free Zone Person (FZ Person) to qualify as a Qualifying Free Zone Person (QFZP). This status enables businesses to benefit from the 0% Corporate Tax ratewithin free zones. Among the five criteria required to achieve QFZP status, two are critical: maintaining “adequate substance” and generating “qualifying income.”
Unlock Your Business Potential in Dubai Free Zones
Dubai Free Zones offer unmatched opportunities for entrepreneurs seeking a thriving business ecosystem. With over 40 free zones, Dubai provides benefits such as 100% foreign ownership, tax exemptions, and streamlined setup processes. Meyran...
Discover why London entrepreneurs choose a Company set-up Freezone in Dubai for dropshipping and e-commerce. Meyran Partners offers expert legal and tax guidance to optimize structures, reduce taxes, and scale internationally with confidence. Contact us today to start your venture.
Expand your international trading business with a Company set-up Freezone Dubai. Discover tax advantages, simplified customs, and global access for entrepreneurs in Singapore. Meyran Partners guides you from incorporation to tax compliance. Contact us to start today.
Federal Decree-Law No. 47 of 2022, known as the “Corporate Tax Law” (CT Law), was published on December 9, 2022. However, it left certain key elements undefined, notably the criteria for a Free Zone Person (FZ Person) to qualify as a Qualifying Free Zone Person (QFZP). This status enables businesses to benefit from the 0% Corporate Tax ratewithin free zones. Among the five criteria required to achieve QFZP status, two are critical: maintaining “adequate substance” and generating “qualifying income.”