What Will the UAE's 9% Tax Mean?

<p>Get Our Help: <a href= "https://nomadcapitalist.com/apply/">https://nomadcapitalist.com/apply/</a></p> <p>Join Our Email List and be the First to Hear about Breaking News and Exciting Offers <a href= "https://nomadcapitalist.com/email">https://nomadcapitalist.com/email</a></p> <p>Get on the waiting list and join us for the next Nomad Capitalist Live: <a href= "http://www.nomadcapitalist.com/live/">www.nomadcapitalist.com/live/</a></p> <p>On January 31, the United Arab Emirates’ Ministry of Finance announced the implementation of a federal corporate tax regime at a standard nine percent rate, which will apply to relevant businesses from June 2023.</p> <p>While complying with international standards, UAE has very carefully balanced its obligations and interests to remain a location of choice for foreign direct investments in the Middle East.</p> <p>The competition for being a regional business hub is fierce, given that giant neighbor Saudi Arabia also has set up initiatives to own a large portion of the market. With a corporate tax of nine percent, large deduction and tax losses rules, and generous foreign tax credits, UAE is increasing its attractiveness as a compliant yet friendly tax country.</p> <p>In comparison, Saudi Arabia's corporate tax rate is 20%, Egypt’s is 22.5%, Oman and Kuwait offer a 15% rate, and Qatar’s is 10%.</p> <p>In this video Rusudan, our Chief Financial Officer shares all the details of what UAE's 9% tax means.</p> <p>Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".</p> <p>Work with Andrew: <a href= "https://nomadcapitalist.com/apply/">https://nomadcapitalist.com/apply/</a></p> <p>Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has s