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DataFlow Group, founded in 2006, has its headquarters in Dubai. [1] The company has a network of 100,000 issuing authorities throughout more than 200 countries, in addition to 620 experts and researchers. [2]
Free trade areas are set up between countries; for example, the Latin America Free Trade Association (LAFTA) was created in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay; and the North American Free Trade Agreement was established between Mexico, the United States, and Canada. In free trade areas ...
Migrant workers in the United Arab Emirates describe the foreign workers who have moved to the United Arab Emirates (UAE) for work. As a result of the proximity of the UAE to South Asia and a better economy and job opportunities, most of the migrant foreign workers are from India, Nepal, Sri Lanka, Bangladesh, Philippines and Pakistan.
Many immigrants were also attracted by its tax-free status. [14] [15] However, since the late 2010s, an influx of high-net-worth individuals significantly increased the cost of living, especially housing and private school fees. The UAE went from being the 90th most expensive destination for expatriates in 2013 to the 31st in 2023. [14]
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
The city's discriminatory legal system and unequal treatment of foreigners has been brought to light by its alleged attempts to cover up information on the rape of Alexandre Robert, a 15-year-old French-Swiss national, by three locals, one of whose HIV-positive status was hidden by the authorities for several months [7] and by the recent mass ...
The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates.
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]