Doing Business In UAE And The Protection & Promotion Of Foreign Investments In UAE
– THE UAE, ISRAEL AND AFRICA
The UAE, in the 16th place worldwide and 1st place in the region as of October 2020, has an ease of doing business score of 80.9 out of 100 and is the strongest performer overall in the Middle East and North Africa region, according to the World Bank’s Doing Business 2020 report (Doing Business report covers regulations affecting 10 areas of the business life cycle which are, starting a business, dealing with construction permits, connecting electricity, registering property, securing credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency) released in October.
The UAE is currently the most competitive economy in Mena, according to the World Economic Forum to rank 25th out of 140 countries in the 2019 Global Competitiveness Report.
The UAE has concluded 15 Bilateral Investment Treaties (BITs) with countries in Africa, and has reached a bilateral trade agreement with Israel since they agreed to normalise relations in August 13, 2020 by concluding the Abraham Accords Peace Agreement (Treaty of Peace, Diplomatic Relations and Full Normalization Between the United Arab Emirates and the State of Israel), that will give incentives and protection to investors who make investments in each other’s countries.
UAE has substantial tax, legal, corporate, geographical, political and financial upsights to be considered as a jurisdiction of choice for corporate and transactional tax efficient structuring.
For the many benefits of doing Business & establishment of a Business in the UAE, UAE Bilateral Investment Treaties Network, List Of UAE Bilateral Investment Agreements, UAE- Israel Investment Protection Agreement and UAE- Africa Investment Protection Agreements, read our latest article here on UAE Bilateral Investment Treaty.
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