This decision specifies Qualifying and Excluded Activities for Qualifying Free Zone Persons (QFZPs) under Federal Decree-Law 47 of 2022 and Cabinet Decision 100 of 2023. Key Qualifying Activities include manufacturing and fund management. Critically, it introduces detailed provisions for calculating Qualifying Income from Qualifying Intellectual Property. The decision establishes the de minimis threshold for non-qualifying revenue (lower of 5% or AED 5 million) and mandates QFZPs prepare audited financial statements. As its most crucial action, this decision repeals and replaces the earlier Ministerial Decision 139 of 2023, providing greater clarity.