United Arab Emirates
The UAE offers numerous advantages over other jurisdictions, making it a highly attractive destination for international business. Key benefits include:
• Political and economic stability: The country provides a secure environment for business activities.
• Modern and flexible legal framework, tailored to meet business needs.
• Advanced banking system, offering innovative and secure financial solutions.
• Double Taxation Avoidance Agreements (DTAA) with over 20 countries, minimizing tax risks.
The UAE is not a member of the Organisation for Economic Co-operation and Development (OECD), which means there is no exchange of financial and tax information with other countries.
Additionally, the UAE:
• is not listed in the OECD “blacklist” of low-tax jurisdictions,
• is not included in the Financial Action Task Force (FATF) blacklist.
These factors make the UAE an ideal jurisdiction for companies seeking confidentiality, flexibility, and tax optimization.
The United Arab Emirates (UAE)
The United Arab Emirates (UAE) is a federal state consisting of seven emirates, each functioning as a micro-state under absolute monarchy. The capital of the UAE is Abu Dhabi, which is also the largest emirate.
Today, the UAE is one of the fastest-growing countries in the world, boasting one of the highest standards of living. Renowned for its rich history of international trade, the UAE is a major financial and business hub. The country is committed to fostering local businesses and attracting foreign investments. As a result, the UAE’s tax regime is highly favorable: there is no personal income tax for both residents and non-residents. Additionally, corporate income tax is not levied on companies, except those engaged in banking or petrochemical activities.
UAE
The UAE offers numerous advantages over other jurisdictions. Key benefits include political and economic stability, modern and flexible legislation, an advanced banking system, and the availability of Double Taxation Avoidance Agreements (DTAA) with over 20 countries.
The UAE is not a member of the Organisation for Economic Co-operation and Development (OECD), which means there is no mandatory exchange of financial and tax information. Furthermore, the UAE is not listed on the OECD’s or the Financial Action Task Force’s (FATF) blacklists of low-tax jurisdictions.
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The emirate of Ras Al Khaimah is currently one of the fastest-growing regions in the UAE. The core principle of its development is attracting foreign capital. In May 2000, the Ras Al Khaimah Free Trade Zone (RAKFTZ) was established to attract investments in the services, manufacturing, and industrial sectors of the emirate. In 2006, the government of Ras Al Khaimah announced the creation of an offshore sector, solidifying the emirate’s position as one of the most sought-after jurisdictions for international tax planning.
