Question 1

Does the UAE zero-tax environment apply to foreign entities holding gold at LCORE?

Accepted Answer

Yes. The UAE does not impose CGT or withholding taxes on gold gains for any entity type — domestic or foreign. Foreign entities holding gold at LCORE's vault pay zero UAE tax on gold appreciation, yield income, or gains realized through DVP settlement at the UAE layer.

Question 2

Is investment gold VAT-zero in the UAE, and what qualifies?

Accepted Answer

Yes. Under UAE VAT law, investment gold — defined as gold with a purity of at least 99% in bar, coin, or ingot form, not traded as jewelry — is VAT-zero rated. All gold held at LCORE's vault meets this standard. LCORE can provide VAT treatment confirmation as part of its custody documentation.

Question 3

Could the UAE introduce gold taxes in the future?

Accepted Answer

While no government can be bound permanently, the UAE's tax framework for financial instruments and precious metals has been stable since the introduction of VAT in 2018, and ADGM has been explicit in maintaining its zero-CGT environment to attract international investment. LCORE's ADGM custody agreement would govern any transition period, providing contractual certainty.

How to Store Gold Tax-Free in the UAE with LCORE's ADGM Vault

How to Store Gold Tax-Free in UAE