Other monetary intermediation

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.

Audit Red Flag

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

Which UAE zones permit this activity?

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