Economy

The United Arab Emirates (UAE) is known for its tax-free environment, which has been a significant factor in attracting businesses and expatriates. The absence of income tax and other direct…

What is the largest tax haven in the world? Tax havens are jurisdictions with low or no taxes, offering financial secrecy. The largest tax haven is often considered to be…

Businesses in Dubai benefit from a favorable tax environment, with a corporate tax rate of 9% set to be implemented in June 2023. This rate applies to taxable income exceeding…

Is there a 5% tax in Dubai? Yes, since January 1, 2018, the United Arab Emirates, including Dubai, has implemented a 5% Value Added Tax (VAT) on most goods and…

Abu Dhabi, the capital of the United Arab Emirates, is a city of immense wealth, driven primarily by its vast oil reserves. The emirate’s GDP and sovereign wealth fund contribute…

What is the free zone in Abu Dhabi? Abu Dhabi’s free zones are designated areas offering businesses tax incentives, full foreign ownership, and streamlined regulations, aiming to attract international investment…