Other monetary intermediation

Excluded · 9% taxable

Forensic Analysis

DZ requiredSubstance: HIGHAI-derived

ISIC 6419 encompasses banking and monetary intermediation. Under the UAE Corporate Tax regime for Qualifying Free Zone Persons, 'Banking' is explicitly defined as an Excluded Activity. Consequently, income derived from these activities is subject to the 9% statutory rate, regardless of whether the transactions are with other Free Zone Persons or Domestic/Foreign entities.

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Legal Reference

Ministerial Decision No. 229 of 2025, Article 3, Clause 1

Audit Red Flag

Attempting to bifurcate interest-based income into 'service fees' or 'advisory' to qualify for the 0% rate under Qualifying Activities.

9 licensable activities under this classification

Commercial BankExternal approval required

Credit & Finance BankExternal approval required

Digital Wallet for Electronic PaymentsExternal approval required

Hawala Brokers ServicesExternal approval required

Investment BankExternal approval required

Saving BankExternal approval required

Stored Value Cards Issuing ServicesExternal approval required

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