Investment funds operating in the UAE could potentially enjoy exemption from Corporate Income Tax. This study delves into the taxation aspects of UAE investments in foreign investment funds, considering varying fund structures such as companies or partnerships and their implications for investors.
Special attention is given to the zero tax rate for investors hailing from UAE free zones and the potential participation exemption for distributions. The analysis extends to exploring tax consequences within the UAE, with illustrative examples drawn from funds based in the UK, US, Ireland, and the Cayman Islands.
The study concludes by examining profit-sharing arrangements that remain unregistered in a specific state, operating without the establishment of any formal entity.
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Andrey provides legal support in taxation projects that involve tax advice, support in tax disputes and in all surrounding issues that may affect the implementation of tax advice. This includes economic substance, corporate and civil issues pertinent to tax, mergers and acquisitions of companies with multinational corporations being involved, and in major investment projects. Andrey’s expertise in local tax legislation and the interpretation of local tax regulation have been a notable feature of his support for clients that have expanded their business to such markets as India, China, Mexico, Venezuela, Argentina, Brazil, Paraguay, Peru, Italy, Hungary, Kazakhstan, Belarus, Armenia, Ukraine, Vietnam, Sri Lanka, Laos, and Türkiye.
Andrey has 35 years of experience in tax consulting and tax dispute resolutions, while for more than 20 years he has managed a group consisting of more than 10+ tax lawyers. Andrey also covers personal health care pro bono practice. This part of his professional activity consists of advising patients on medical law, assisting patients in obtaining medicines and medical devices, and providing legal support to patients in disputes with health authorities regarding the provision of expensive medicines. Andrey has been ranked in Chambers Europe 2020 and Chambers Global 2015, while he was marked out by the Pravo-300 2022 directory in band 1 in tax advice and tax litigation. He was recognized by Best Lawyers 2021 and 2022.
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