UAE tax update

UK In-person

Online bookings for the event have now closed, please email [email protected] to register

The UAE and its financial free zones (the Dubai International Financial Centre (“DIFC”) and Abu Dhabi Global Markets (“ADGM”)) have become important financial and asset management hubs, and we are seeing a significant number of clients open discretionary investment and marketing offices there. The UAE continues to further promote its attractiveness as a fund industry location by further developing the relevant regulatory framework, maintaining its zero tax regime for wage and personal investments income, and introducing targeted incentives in its new corporate tax regime.

In our upcoming event we will discuss:

  • What is contributing to the UAE’s rise as a hub for asset management businesses, and how UAE policy aims to support businesses in the region.
  • The DIFC and ADGM regulatory frameworks, including common options for setting up a UAE presence.
  • The UAE tax regime and how it impacts structuring choices:
    o  New UAE Corporate Tax regime: 0% tax ‘qualifying free zone person’ and other incentives that may achieve tax neutral structure.
    o  UAE VAT: taxation of fund management, advisory fees and carried interest, fixed establishment considerations.

Speakers:

  • Daniele Dal Corso, International Tax Partner, UAE Asset Management Tax Lead, EY
  • Peter Dylewski, Indirect Tax Partner, MENA Indirect Tax Lead, EY
  • Paul Hale, Managing Director, Global Head of Tax Affairs, AIMA
  • James Mercer,Tax Director, London, EY
  • Diya Wilson, Tax Partner, London, EY

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