Central banking

Central banking (ISIC 6411) is inherently a sovereign function. Under Article 4(1)(a), Government Entities are Exempt Persons. Forensic scrutiny focuses on Article 5(6) compliance, ensuring that any non-mandated commercial activity is treated as a separate Taxable Business with independent financial statements.

Audit Red Flag

Failure to segregate sovereign functions from commercial activities conducted by subsidiaries that do not independently meet the criteria for Government Controlled Entities.

Which UAE zones permit this activity?

Scout checks the current permission status for this activity across every UAE zone against your specific structure.