The UAE’s Corporate Tax Law has introduced beneficial provisions for Family Foundations, trusts, and similar entities, offering these structures the potential to attain tax-transparent status. However, while the law allows this benefit for entities deemed “similar,” it provides little guidance on what characteristics or features qualify an entity as such. This ambiguity raises critical questions about how to define similarity in the context of family wealth management, succession planning, and tax structuring.
This research aims to address this gap by exploring the key attributes that make an entity “similar” to a foundation or trust under the UAE Corporate Tax regime.
