Fuad House - Tax and Management Consultancy Dubai

  In the UAE, natural persons often establish special structures to manage their wealth, protect assets, and plan for succession. Common vehicles include contractual trusts, private trust companies, and family foundations , which are used to hold and manage personal assets and investments. Legal Personality of Family Foundations Unlike informal arrangements, trusts and foundations are recognized as having separate legal personality . This means that, in principle, a foundation is treated as an independent juridical person . As such, it is prima facie subject to Corporate Tax in Dubai in its own right under UAE law. Corporate Tax Treatment Some wealth management structures may be treated as transparent for Corporate Tax purposes. However, a family foundation , being a juridical person, would normally be liable for Corporate Tax just like a company. Application for Transparent Treatment Under the UAE Corporate Tax regime, a family foundation ca...