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Free zone tax, honestly
QFZP explained·June 2026·5 min read

Free zone does not mean tax free.

The 0% rate is not printed on your licence. It is QFZP status, earned against five conditions and held every year. Most free zone companies assume they hold it. Many do not.

Check where you actually stand
Free zone licence 5 QFZP conditions 0% on qualifying income 9% standard rate, if not
The misunderstanding

The postcode is not the benefit.

This is the most expensive assumption in UAE corporate tax. Free zone companies sit inside the regime, not outside it. The 0% rate belongs to a Qualifying Free Zone Person (QFZP) earning Qualifying Income. That is a status, not a postcode. A licence does not buy it; you earn it against five conditions and hold it in every period you claim it. The most exposed companies never checked, and meet the question for the first time when the FTA asks it.

The two rates, side by side

One free zone company. Two possible tax bills.

There is no in between. In any period income either sits at 0% as qualifying QFZP income or falls to the standard rate. The conditions decide which, not the zone.

0% Qualifying income, QFZP held

Available only when all five conditions are met at once and the income genuinely qualifies. The status is elected on the corporate tax return, period by period, and stands or falls on the substance behind it.

9% Above the AED 375,000 threshold

The standard rate on income above AED 375,000. A free zone company that does not qualify pays it like a mainland company, despite sitting inside a free zone. Many are here without realising it.

What the status takes

Five conditions, and all five at once.

Set out in the UAE Corporate Tax Law and the Ministerial Decisions under it. Four of five is not partial credit. It is the standard rate.

01

Adequate substance in the UAE

Real economic activity, actually here: qualified people, genuine operating spend, and core income-generating work performed in the UAE or the free zone. A company incorporated in a zone but run from abroad fails this.

02

Qualifying income only

Income from UAE mainland customers is taxed at 9% regardless of status. Qualifying income means transactions with other free zone persons, defined international activity, and certain investment income. The definition is tighter than most founders assume.

03

The de minimis limit

Even a qualifying company can lose the status for a full period. If non-qualifying income passes 5% of total revenue or AED 5 million, whichever is lower, every dirham that period is taxed at 9%. Modest mainland income quietly trips this.

Who decides here: the FTA, on audit
04

Audited financial statements

QFZP status requires annual audited statements under IFRS or IFRS for SMEs. Management accounts do not count. No audit for the period, no QFZP status for the period. This one is binary.

05

Transfer pricing compliance

Transactions with related parties must be at arm's length and documented to the transfer pricing rules. Straightforward for a standalone company. Real work for a group or anyone transacting with associated entities.

06

And then you file

QFZP is not a waiver. You still register, file the corporate tax return, and keep records. The election is made inside the return and the 0% rate is reflected there. It is a rate on qualifying income, never an exemption from filing.

Where the line falls

Qualifying, and not. Rarely where founders expect.

The structure you choose at setup shapes how much income lands in the qualifying column. We treat free zone formation and tax position as one decision, not two arranged later.

Qualifying income, 0%
  • Transactions with other free zone persons
  • Goods and services supplied outside the UAE
  • Certain investment and intellectual property income, under their own conditions
Not qualifying, 9%
  • Income from UAE mainland customers
  • Excluded activities, including banking to UAE residents
  • Anything that breaches the de minimis limit for the period

Read this as a map, not a ruling. Each category carries its own detail. Where your income sources fall is the analysis we do against your actual contracts, before it reaches a return.

The honest part

Reading this wrong is the expensive way to find out it was not a self-assessment exercise.

An incorrect reading does not just cost the rate. It exposes you to an assessment plus penalties on the under-declaration, across every period you got it wrong. What makes a position defensible before the FTA tests it is four things together:

  • the right structure
  • income that genuinely qualifies
  • the audit and substance in place
  • an election that holds

Settling that before a return is filed is always cheaper than defending it after.

In their words

Why founders bring the hard questions here.

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The questions behind the rate

What free zone founders actually ask.

Reviewed by Manish Kumar Pandey, Founder, DM Consultancy · Last reviewed June 2026

Does a free zone company automatically pay 0% corporate tax?

No. Free zone companies are inside the UAE corporate tax regime, not exempt from it. The 0% rate applies only to a Qualifying Free Zone Person earning Qualifying Income, with all five conditions met at the same time and held in every tax period claimed. The licence does not grant the rate. The status does, and it is earned and reviewed by the FTA, not by the free zone authority.

If I qualify as QFZP, do I still need to file a corporate tax return?

Yes. QFZP status does not exempt you from registration, filing, or record-keeping. You file the corporate tax return, make the QFZP election within it, and reflect the 0% rate on qualifying income there. It is a rate on qualifying income, not a waiver of the obligation to file.

Can a QFZP own a mainland subsidiary?

Yes, but the analysis gets harder. Income flowing between the free zone parent and its mainland subsidiary is not qualifying income from the parent's perspective. The group structure needs careful review so the QFZP election stays defensible and the parent's qualifying income status holds. Settle this before it appears on an audit.

Can I claim QFZP for a past period I filed without it?

QFZP status is elected for each tax period, on the return for that period. If a past return was filed without the election and you believe you qualified, an amended return or a voluntary disclosure to the FTA may be open to you, but it carries its own preparation and its own risk. Do not attempt it unguided. It is exactly the kind of position we review before anything is submitted.
Your free zone tax position, specifically

Assuming 0% is not the same as holding it.
Find out which one you have.

Thirty minutes with Manish directly, no pitch. We read your income, substance, audit status, and related party transactions against all five QFZP conditions, then tell you whether your company qualifies and what would have to change if it does not. If the firm fits, we proceed. If not, you leave with a far clearer view of where you stand.

info@dm-uae.com · Port Saeed, Deira, Dubai