Dubai: The Ministry of Finance announced the issuance of Ministerial Decision No. (336) of 2025, which adds the Virtual Assets Regulatory Authority (VARA) in the Emirate of Dubai to the definition of the competent authority as set out in Ministerial Decision No. (229) of 2025. This decision relates to Qualifying and Excluded Activities for the purposes of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses.
According to Emirates News Agency, under the new decision, VARA is now recognized among the competent authorities for Qualifying Activities specifically related to fund management services and wealth and investment management services. This acknowledgment is part of a broader effort to integrate VARA into the UAE’s regulatory and tax framework.
The Ministry of Finance emphasized its ongoing commitment to providing clarity and certainty within the regulatory landscape, aiming to bolster the UAE’s status as a preeminent global center for financial and investment services.
