Non-life insurance

Excluded · 9% taxable

Forensic Analysis

DZ requiredSubstance: HIGHAI-derived

Under the UAE Corporate Tax regime for Qualifying Free Zone Persons, 'Insurance' is explicitly categorized as an Excluded Activity (except for Reinsurance). Consequently, income derived from ISIC 6512 is subject to the standard 9% tax rate. Forensic focus is on the 'De Minimis' threshold; if non-qualifying revenue from this activity exceeds 5% of total revenue or AED 5 million, the entity loses its QFZP status entirely.

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Legal Reference

Ministerial Decision No. 265 of 2023, Article 3, Clause 1(c)

Audit Red Flag

Attempting to recharacterize direct non-life insurance premiums as 'Reinsurance' or 'Headquarter Services' to bypass the Excluded Activity list.

7 licensable activities under this classification

Fire InsuranceExternal approval required

Health InsuranceExternal approval required

Mechanical Breakdowns InsuranceExternal approval required

Motor, Marine, Aviation & Transport InsuranceExternal approval required

Other Types Of InsuranceExternal approval required

Theft InsuranceExternal approval required

Work Accident InsuranceExternal approval required

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