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Be Ready for Taxation in the United Arab Emirates
The United Arab Emirates (“UAE”) is located on the southern coast of the Arabian Gulf and is a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah). Geographically, the UAE is situated in the middle of Europe, Asia, the Middle East, and Africa. The UAE is a member country of the Gulf Cooperation Council (“GCC”), which is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf except for Iraq. The six member countries of the GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Indeed, the UAE is one of the most developed economies in the Middle East and North Africa (“MENA”) region, and it is often the entry point for regional investment.