One specific factor that makes the UAE the preferred choice for entrepreneurs and global professionals is its large Double Tax Treaty (DTT) network—put in place in a bid to promote its development goals and diversify its sources of national income. With agreements with over a hundred nations, the country boasts more double tax treaties than other first-world states like Ireland and Singapore.
Double taxation, for one, refers to the situation wherein similar taxes are imposed in two countries on the same taxpayer on the same tax base. Such kind of taxation can jeopardize the exchange of goods, services, and other trade across the border due to the huge amounts of dues that need to be settled. With the presence of double taxation avoidance agreements, individuals and businesses are guaranteed that they are only taxed once.
Check out the updated UAE Double Tax Treaty list here:
