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UAE: Temporary reduction in share listing condition for REIT exemption; expanded scope of corporate tax exemption for certain foreign entities

Ministerial Decision No. 96 of 2025 and Cabinet Decision No. 55 of 2025

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September 16, 2025

Ministerial Decision No. 96 of 2025 temporarily reduced the minimum share float required on a recognized stock exchange to 10% for real estate investment trusts (REITs) listed between May 1 and May 31, 2025, to qualify for corporate tax exemption. The decision applies to tax periods starting on or after January 1, 2025.

In addition, Cabinet Decision No. 55 of 2025 expanded corporate tax exemptions to include foreign entities wholly owned by exempted entities, such as government entities and qualifying investment funds.


For more information, contact a KPMG tax professional in the UAE:

Neha Jain | njain13@kpmg.com

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