With an attractive business environment and a great taxation regime, UAE is considered the proper place to start numerous activities, open companies or to simply make investments.
The double taxation agreement between the UAE and Germany was signed in 1996. New improvements related to the taxation of different incomes came in 2010 for a better and strong collaboration between the two states.
The UAE and France double taxation convention was signed in 1989 and entered into force in 1990. There has always been a fruitful collaboration between the two countries in a wide range of domains.
In March 1996, the UAE and Finland signed the double taxation agreement, a necessary treaty for all companies from Finland that perform their activities in Dubai to be levied in only one country.
The double taxation agreement between the UAE and Egypt was signed in 1994 and entered into force one year later. This agreement allows compensating taxes paid in one of the two states.
The UAE and China signed the double taxation agreement in 1993, entered into force the next year and was meant to reinforce the economic collaboration between the two states and to encourage the investments.
The convention between UAE and Canada was signed in 2002 and entered into force a year later. The treaty specifies tax exceptions related to profits, dividends, royalties, national transport carriers and bond profits.
All double taxation treaties are made so that UAE has a greater global connection with its economic partners. In order to avoid the double taxation, the UAE signed important agreements with many countries worldwide.
Overseas citizens who work in Dubai can benefit from public health insurance and retirement pensions, according to the rules and regulations in the UAE.
The insolvency law in UAE is trying to accept this kind of financial problem and to promote a more creditor-friendly release, with interesting substitutes instead of liquidation procedures.