TAX Free Environment in United Arab Emirates
Generally, people pay taxes in the country they live and/or work in, whether it be income tax, and/or a tax on consumption (eg VAT in the UK, MwSt in Germany, GST in Canada and New Zealand, etc. Tax is also paid on income derived from within a country whether or not you live there eg rental property, investments. But UAE has established a reputation of being largely a tax-free country Dubai's key benefits are
No personal income tax
No taxes of any sort and no tax department
No filing of accounts
No tax exchange agreements with ANY country
No public record of directors or shareholders
Highly flexible banking system geared to the requirements of high net worth international investors
In short, Dubai offers the offshore solution for the 21st century
A Strategic Location in a Large Market
Stability and Government Support
A Distinctive Soft Infrastructure
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