Which tax rates does the Ministry announcement describe?

The UAE Ministry of Finance’s announcement sets a standard statutory rate of 9% and a 0% rate on taxable profits up to AED 375,000. Those figures come from the historical introduction of corporate tax. Your proposed activity and the treatment your plan depends on still need assessment under applicable current rules.

Do Henley’s figures establish how many millionaires actually relocated?

Henley & Partners projects 142,000 millionaires relocating internationally in 2025 and places the UAE first with projected net inflow of +9,800 millionaires. These figures are forecasts rather than confirmed totals. They provide destination context without establishing the tax treatment or suitability of a company you might form.

Does the announcement describe the same treatment for every company?

The UAE Ministry of Finance’s announcement describes a different rate for large multinationals meeting OECD Pillar Two criteria, whose framework the UAE confirmed support for on 26 July 2021. That distinction is another reason to define your proposed activity before relying on a headline rate. The announcement does not supply an individual company assessment.

A UAE wealth-hub headline is not your company’s tax assessment. FNC

In short

If you are a US citizen considering a UAE company, the UAE’s popularity as a wealth destination does not answer your tax question. The UAE Ministry of Finance introduced federal corporate tax on business profits for financial years starting on or after 1 June 2023, so a UAE structure does not mean no corporate tax. Henley’s figures on millionaire migration are forecasts. Ask for your proposed activity to be assessed under the applicable current rules.

Downtown Dubai and the Burj Khalifa under storm clouds

What the article reports

Henley’s report projects 142,000 millionaires relocating internationally in 2025; this is a forecast.
The report places the UAE first among wealth destinations, with projected net inflow of +9,800 millionaires, over 2,000 more than the US.
The UAE Ministry of Finance’s announcement introduces federal corporate tax on business profits for financial years starting on or after 1 June 2023.
The announcement sets a standard statutory rate of 9% and a 0% rate on taxable profits up to AED 375,000.
It describes a different rate for large multinationals meeting OECD Pillar Two criteria, whose framework the UAE confirmed support for on 26 July 2021.

The migration figures are forecasts, not confirmed year-end totals. The Ministry source is the historical introduction of corporate tax, not a complete statement of current tax rules.

FNC’s take

For a US citizen considering a UAE company, the destination’s popularity does not answer the tax question. If the plan assumes that a UAE structure means no corporate tax, the Ministry announcement is a clear reason to revisit that assumption.

Define the proposed activity and the tax treatment the plan relies on, then ask for those points to be assessed under the applicable current rules. Keep the migration forecast in its proper role as context. It supplies no individual conclusion about your proposed company.

Common questions

Which tax rates does the Ministry announcement describe?: The UAE Ministry of Finance’s announcement sets a standard statutory rate of 9% and a 0% rate on taxable profits up to AED 375,000. Those figures come from the historical introduction of corporate tax. Your proposed activity and the treatment your plan depends on still need assessment under applicable current rules.
Do Henley’s figures establish how many millionaires actually relocated?: Henley & Partners projects 142,000 millionaires relocating internationally in 2025 and places the UAE first with projected net inflow of +9,800 millionaires. These figures are forecasts rather than confirmed totals. They provide destination context without establishing the tax treatment or suitability of a company you might form.
Does the announcement describe the same treatment for every company?: The UAE Ministry of Finance’s announcement describes a different rate for large multinationals meeting OECD Pillar Two criteria, whose framework the UAE confirmed support for on 26 July 2021. That distinction is another reason to define your proposed activity before relying on a headline rate. The announcement does not supply an individual company assessment.

Information, not advice.

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