Since the main objective of the authorities of the United Arab Emirates is to ensure permanent inflow of foreign investors, they have always been keen on creating the most favorable conditions for work and business. Some of them include bilateral agreements with several countries designated to avoid double taxation of income.
Currently, the UAE has entered into numerous bilateral agreements relating to double taxation, comprising the following countries:
- Australia;
- Belarus;
- Germany;
- Egypt;
- India;
- Indonesia;
- Italy;
- Canada;
- Lebanon;
- Morocco;
- Pakistan;
- Poland;
- Russia;
- Romania;
- Singapore;
- Thailand;
- Tunisia;
- Turkey;
- Ukraine;
- Finland;
- France;
- Czech Republic;
- Japan and others.
The complete list includes dozens of countries. Such agreements provide a number of advantages for both companies registered in the UAE and individuals having the status of tax residents of the UAE.