MoF issued Cabinet Decision No. 56 on Determination of Non-Resident Person Nexus in the State which states:-
- Any Judicial person that is a Non Resident Person shall be considered to have a “nexus” or connection with the UAE if it earns income from any Immovable Property in the UAE.
- Income derived from various activities related to Immovable Property in the UAE, such as the right in rem, sale, disposal, assignment, direct use, letting (including subletting), and any other form of property exploitation, will be considered as part of the taxable income attributable to the Immovable Property.