UAE Corporate Tax for Trusts and Family Foundations

Frequently Asked Questions

A family foundation is a foundation, trust, or other similar institution intended to protect and oversee the assets and wealth of an individual or family, as specified under the UAE Corporate Tax Law.

Since foundations and other types of trusts are unique legal entities with their own distinct personalities, they are likely already subject to UAE CT. The founder/settlor and the beneficiaries of the trust continue to be regarded as the owners of the assets held by the trust since these sorts of family foundations are able to be considered as transparent “Unincorporated Partnerships” for UAE CT purposes.

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