On 19 July 2023 Ministry of Finance(MOF) issued a Free Zone Public Consultation with the aim of gathering views from interested parties on the proposed framework for the classification of Qualifying Activities and Excluded Activities for Free Zone companies .
- MOF clearly indicate that the information provided in the Public Consultation does not constitute tax, legal or any other professional advice, the examples may be considered quite helpful for specific business cases .
- Interested parties have until 2 August 2023 to provide input on a Public Consultation regarding Free Zone companies’ Qualifying Activities and Excluded Activities.