Wholly Owned Subsidiaries of UAE Exempt Persons Guide

Kirill Blokhnin
Kirill Blokhnin

Any wholly owned and controlled subsidiaries by exempted entities may be subject to exemption if conditions are met.

Eligibility Conditions

A subsidiary may qualify if:

  • It is incorporated in the UAE
  • It is wholly owned and controlled by one or more Exempt Persons

Permitted Activities

The subsidiary must limit its activities to:

  • Undertaking part or all of the exempt activities of the parent
  • Holding assets or investments for the exempted
  • Carrying out ancillary or supporting activities related to the exempt purpose

Restrictions

Subsidiary must not engage in unrelated or standalone commercial business activities.

Additionally, it must continue meeting ownership and control requirements with the parent companies.

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Kirill Blokhnin
Kirill Blokhnin
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