Hubbis

Policy & Legal Updates

Tulpar Tax CEO Advises Crypto Investors Ahead of UAE CARF Rollout

In an interview with Hubbis, Tulpar Global Taxation CEO Ezat Alnajm warned cryptocurrency holders that UAE residency does not automatically extinguish foreign tax liabilities ahead of the Crypto-Asset Reporting Framework (CARF). Starting in January 2027, UAE crypto service providers will report transaction data to the Ministry of Finance, with automatic cross-border exchanges beginning in 2028. Alnajm urged investors to separate personal investment from business activities and maintain banking-grade records.

Policy & Legal Updates

Michael Velten Urges Mobile Families to Resolve Tax Residence Before Wealth Structuring

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, Velten Advisors founder Michael Velten stressed that internationally mobile families must establish and document tax residence before selecting wealth structures. Velten cautioned that holding immigration permits like the UAE Golden Visa does not independently resolve cross-border tax status. He highlighted that domestic laws, tax treaties, physical days spent, and economic ties must be analysed sequentially.

Policy & Legal Updates

Cone Marshall Urges Multi-Jurisdiction Wealth Coordination Amid UAE Tax and Reporting Scrutiny

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, Cone Marshall Group's UAE Managing Director Joy Lahoud highlighted the need for coordinated cross-border wealth structures. He noted that heightened global tax scrutiny and the introduction of UAE corporate tax require structures that satisfy regulatory review across multiple jurisdictions. Lahoud emphasized the importance of unified planning among bankers, lawyers, tax advisers, and fiduciaries.

Policy & Legal Updates

UAE Family Office Planning Requires Clear Sequence and Operational Substance, Advises Shah

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, FAME Advisory DMCC founder Nirav Dinesh Kumar Shah emphasised that families must define their objectives before creating structures. Shah highlighted the transition from holding companies to full family offices, noting that UAE tax authorities are actively reviewing corporate returns and free-zone substance. He stressed that cross-border wealth structuring requires aligning residency, governance, and real operational substance with intended tax positions.