The United Arab Emirates has more than 40 free zones across
seven emirates, including 20 designated zones with separate laws,
regulations and VAT treatment. This can make doing business in the
UAE a complex journey.
However, there is also the strong benefit of the UAE being one
of the easier places in the world when it comes to accounting and
tax. Our second annual
Financial Complexity Index (FCI) ranked the UAE at 74, placing
it among the 20 least complex jurisdictions globally. The World
Bank ease of doing business survey sees the UAE in
first place for ease of paying taxes.
Here are some specific factors that shape the UAE's tax
environment.
Business and personal tax
The UAE has no personal, corporate, capital or profits tax.
Naturally, this leads to a simplicity in tax compliance and
accounting complexity, as reflected in our latest research.
