WHY UAE
The UAE offers unrivalled tax planning opportunities to international businesses, zero corporate and income taxes for most activities, an impressive network of double tax treaties, no withholding tax on dividends and interest paid and no levy on capital gains. It is an established International Financial Centre!
In the past 10 years the UAE has been very successful in diversifying away from dependence on the gas and oil industry and a solid industrial base has been created, together with a strong services sector. The establishment of free zones has been an important feature of this diversification policy and the reform of property laws gave a major boost to the real estate and tourism sectors.
Investors in the UAE, unlike most other jurisdictions, can still enjoy the privacy and confidentiality in their financial transactions and holdings.
The Global Competitiveness Report 2013-2014 issued by the World Economic Forum (WEF) ranks UAE amongst the top 20 countries in the world for competitiveness.
Special economic zones, free zones, and UAE offshore companies offer 100 percent ownership, repatriation of profit and capital as well as exemption from taxes. Outside of these areas, significant incentives are being offered to investors and corporate governance provisions ensuring transparency and accountability are being enforced. Corporate taxes are reserved only for branches of foreign banks and oil producing companies. A mere 5 percent tariff is imposed on goods imported from non-GCC countries.
The UAE is a white listed onshore jurisdiction that offers offshore jurisdiction services as well as opportunities that exist only in mature industrial and financial hubs. International businesses moving to the UAE find themselves in a thriving market with excellent infrastructure between the West and the developing East able to generate new business. A pro-government encouraging foreign investment has developed the country into a cosmopolitan centre welcoming a diverse specialist and competitive workforce.
