Trusts, funds and similar financial entities

1 activity class

Mixed · depends on counterparty

Forensic Analysis

DZ requiredSubstance: HIGHAI-derived

Entities under ISIC 643 often straddle the line between 'Exempt Persons' under Article 10 and 'Qualifying Free Zone Persons'. Forensic risk arises when a fund fails to meet the 'Widely Held' or 'Regulatory Oversight' criteria, defaulting it to a 9% taxable status. Under MD 229, the distinction between 'Holding' (Passive) and 'Management' (Active) is critical for determining the 0% nexus.

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Legal Reference

Article 11 of Ministerial Decision No. 229 of 2023 / Article 10 of Federal Decree-Law No. 47

Audit Red Flag

Reclassification of non-qualifying 'Interest' income as 'Qualifying Income' from Investment Management without the requisite regulatory license.

Browse activity classes

ISIC 6430

Mixed · depends on counterparty

Trusts, funds and similar financial entities

0 licensable activities

DZ required

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