Who is a Qualifying Free Zone Person?

Free Zones
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Who is a Qualifying Free Zone Person?

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A Qualifying Free Zone Person is a Free Zone Person that meets all of the following conditions:

  1. Maintain adequate substance in the UAE;

  2. Derive “Qualifying Income” as specified in a Cabinet Decision;

  3. Not have made an election to be subject to CT

  4. Comply with Arm length principle and transfer pricing documentation

  5. Non-Qualifying revenues should not exceed the De-minimis requirements

  6. Must prepare and maintain Audited Financial Statements

Know about how to determine income for such a Qualifying Free Zone Person: https://fame.ae/determination-of-qualifying-income-for-free-zones/