The implementation of the Corporate Tax law marks a big shift in business taxation across the country. Under this new law, companies earning profits up to AED 375,000 are taxed at 0% while those earning above that amount are subject to 9% tax. However, free zone businesses that qualify as a qualifying free zone person in UAE can benefit from a 0% tax rate. A qualifying free zone person is a Free Zone company that meets certain conditions, conducts the right kind of business activities, keeps proper offices and operations, and follows rules while dealing with related companies. Such entities benefit from zero corporate tax on their qualifying income. Although being a Qualifying Free Zone Person under UAE Corporate Tax is a major advantage for businesses, it comes with strict compliance requirements. Failing to meet the defined conditions could result in businesses losing their 0% tax benefit for the succeeding five years.

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