Tax optimization by opening an offshore company in the UAE
How to optimize taxes and get more income - the answer to this question is important for almost ...
Interesting facts:
Since 2004, the UAE has been governed by Sheikh Khalifa – the older son of the state’s founder Zayed Bin Sultan Al Nahyan Full versionIn recent years, the United Arab Emirates has turned into a very attractive platform for foreign investments. According to international experts, such rates become possible thanks to the three pillars of the economic policy of the Emirates, in particular:
Thus, every year thousands of companies of various orientations are registered on the territory of the UAE. Meanwhile, the rules of local corporate law and current legislation provide some restrictions for local business.
Speaking about the prohibitions on certain types of commercial and economic activity in the UAE, it is necessary to say that the standards of legislation and local customs are based on Islamic law. It is religious principles which are the guiding point in all the aspects of life, and business is no exception to it.
Thus, in the United Arab Emirates, gambling is prohibited in all and any possible forms.
Drawing interests on money loaned is considered as an unrighteous occupation. It is worth noting that significant debt obligations are not welcomed in business etiquette of the Emirates. Therefore, companies with heavy debts may not be considered as investment instruments.
Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:
In general, the activity which is prohibited or under certain restrictions in the UAE, can be divided into several categories, respectively:
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