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In 3 Points - Benefits of the Amendments to the Executive Regulations of Value Added Tax in the UAE. 1. On Saturday, the UAE's Ministry of Finance announced that the Cabinet approved amendments to the executive regulations regarding Value Added Tax (VAT), which include exempting investment fund management services from VAT to stimulate growth in the investment sector and enhance the UAE's appeal as a leading investment hub. 2. The amendments aim to support specific services related to virtual assets by removing VAT, thereby fostering innovation and advanced financial technology within the UAE. This decision is expected to attract global fund managers to increase their investments in the country and encourage prominent companies to establish representative offices in Dubai and Abu Dhabi. 3. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, emphasized the ministry's commitment to improving the business climate by coordinating with relevant stakeholders and updating regulations. The changes are designed to reduce misunderstandings of the law and facilitate processes for taxpayers, aligning with global best practices to enhance the quality of life for the community.

Aurifer’s UAE Investment Funds Webinar is now on our YouTube Channel! We are happy to announce that our latest webinar on Taxes for UAE Investment Funds is now available on YouTube! As part of its ambition to establish itself as a leading global financial centre, the UAE offered investor-friendly frameworks that competed with other jurisdictions. The provisions of the Corporate Tax Law were specifically designed to attract and retain key stakeholders in the financial sector, particularly in the realm of investment funds. In this comprehensive webinar held on Tuesday, 15th October 2024, at 1:30 PM (UAE time), we explored the tax implications for various stakeholders, including investment funds, investors, and fund managers, while also addressing current challenges in domestic and cross-border situations. We covered the recent changes to the UAE VAT Executive Regulations that impacted investment fund managers. Watch it here: https://lnkd.in/eMJenTDu #UAE #InvestmentFunds #Taxation #Webinar #Investment #YouTube #Aurifer Stay ahead in the tax landscape with our Newsletter: https://shorturl.at/DWXeJ the latest GCC tax updates directly to your inbox!

The UAE Federal Tax Authority has published new guideline to clarify the tax exemptions for qualifying investment funds and investment managers. This aims to enhance clarity and ensure that stakeholders fully understand and can effectively apply these exemptions. #investmentfunds #investmentmanagers #adepts #uaecorporatetax #corporatetax

The UAE Federal Tax Authority has published new guideline to clarify the tax exemptions for qualifying investment funds and investment managers. This aims to enhance clarity and ensure that stakeholders fully understand and can effectively apply these exemptions. #investmentfunds #investmentmanagers #adepts #uaecorporatetax #corporatetax

Starting November 15, 2024, the UAE will implement significant Value Added Tax (VAT) exemptions for sectors like investment fund management and virtual assets, per Cabinet Decision No. 100 of 2024. These updates aim to enhance the UAE’s financial landscape by streamlining VAT regulations, encouraging investment, and aligning with global standards. Key exemptions include VAT-free services provided by fund managers to licensed investment funds and VAT exemptions on the transfer and conversion of virtual assets, such as cryptocurrencies. These changes are expected to boost the UAE's status as a global financial hub. Businesses in these sectors are advised to assess the impact of these exemptions on their VAT recovery and file voluntary disclosures if necessary. #UAEVAT #VATExemptions #CryptoRegulations #InvestmentFunds #UAEFinance #TaxUpdates #BusinessGrowth

💬 Maximizing Investment Fund Efficiency under UAE’s Corporate Tax 🌟 I fully endorse the recent insights on corporate tax and investment funds in the UAE, courtesy David Daly. 📈 With a competitive 9% corporate tax rate and a robust regulatory framework, the UAE is an ideal environment for astute investors. 🏦The benefits of Qualifying Investment Funds (QIFs) and Real Estate Investment Trusts (REITs) are considerable, provided they adhere to regulatory standards. 🏠 Utilizing Special Purpose Vehicles (SPVs) for asset management offers exceptional flexibility, enabling efficient fund adjustments. In my professional opinion, the UAE’s strategic corporate tax policies offer substantial opportunities for investment optimization. Regulatory authorities are committed to ensuring a fair and transparent environment, aligning the tax treatment of these funds with direct investments in underlying assets. Real estate is pivotal in this context. With REITs required to allocate at least 70% of their total fund value to real estate, investors have a unique chance to diversify and enhance their portfolios tax-efficiently. Leveraging these strategic opportunities can help us optimize investments and secure a competitive advantage in this evolving financial landscape. 💡 What are your thoughts on maximizing tax efficiency with investment funds? Let’s discuss! 👇 #financefriday #uaeinvestment #corporatetax #investmentfunds #taxefficiency #realestateinvestment #financialplanning #regulatorycompliance #investmentstrategy #assetmanagement #taxlaw #financialadvice

💡Game-Changing development: Companies owned by UAE foundations (DIFC / ADGM / RAKICC) can now benefit from tax transparency under the new Ministerial Decision No. 261 of 2024—and it’s a game changer for private wealth structuring. Here’s how: If the company: ✅ Invests in personal assets or real estate (not requiring a license). ✅ Avoids conducting business activities (as defined under UAE Corporate Tax Law). …then the company’s income can flow directly to the beneficiaries via the UAE foundation, achieving full tax neutrality. What does this mean for you? Picture owning a real estate portfolio through a UAE foundation, where rental income flows directly to you—no extra tax complications! Imagine an SPV holding your global investments, completely tax-neutral and aligned with your private wealth goals. 🌟 Live Example(s): Ahmed, a UAE-based investor, holds a real estate portfolio via a DIFC foundation. Under this decision, the rental income from these properties can pass directly to him, avoiding corporate tax—tax-efficient and seamless! Sarah, a business owner, has set up an SPV through a RAKICC foundation for her personal investments. This structure now gives her full tax neutrality while preserving her wealth for future generations. This decision is reshaping private wealth planning in the UAE, offering unmatched advantages for high-net-worth individuals and families. 📢 Have questions? Drop a comment or message us to explore how this could work for you. Let’s make your wealth work smarter! 🔗 Share this post with someone who needs to know about this groundbreaking opportunity! #UAECorporateTax #WealthPlanning #Foundations #TaxNeutrality #PrivateWealth #SPV

🚨 Breaking News! The UAE has reshaped the tax landscape for companies owned by UAE foundations, offering the potential for full tax neutrality—if certain conditions are met. This could be a game changer for personal and real estate investments, but the impact depends on how your structures are currently set up and utilised. Stay tuned for our upcoming article, where we break down the key changes, their implications for existing structures, and steps to optimise your setup. #UAECorporateTax #PrivateWealth #Foundations #TaxNeutrality

The UAE’s tax policies, including zero-income tax, low corporate tax rates, and full repatriation of profits, continue to attract high-net-worth individuals (HNWIs) and businesses seeking a secure and profitable base. Combined with a robust regulatory framework, an open legal system, and strong intellectual property protections, the UAE offers a highly conducive environment for financial growth and investment. As these factors enhance the UAE’s appeal as a leading financial hub, the WealthTech sector is expected to experience substantial growth. With increasing demand for efficient, tech-driven wealth management solutions among HNWIs and businesses, WealthTech firms are well-positioned to play a pivotal role in shaping the future of financial services in the region.

The UAE's VAT Executive Regulations, effective November 15, 2024, introduce pivotal updates for fund managers and virtual asset traders, including the taxation of digital assets and the inclusion of fund management services under VAT exemptions, marking a significant regulatory shift for the financial services sector. In the insightful article titled "Major changes to UAE’s VAT rules impact fund managers and virtual asset traders – All you need to know," published by Arabian Business, quoted Shamma AlFalahi, Partner and Head of Tax, underscores how the inclusion of fund management services under VAT exemptions notably affect firms managing investment, pension, and mutual funds, urging businesses to adopt strategic measures to ensure compliance and optimize operations. To read the full commentary, please follow the link: https://lnkd.in/dCTS5-fu #UAEVAT #TaxRegulations #FundManagement #DigitalAssets #FinancialServices #VATUpdates #VirtualAssets #Taxation