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Setting up shop in the UAE: Deciding on business jurisdiction Chandy Joseph Chandy Joseph, Director - Company Formation and PRO Services. Explore attractive licence options for unmatched global success. Ease of doing business, stra­tegic location, superb infra­structure, socio-political stability, and a visionary, proactive and business-friendly government are some of the many reasons why the UAE, the second-largest econ­omy in the region with one of the highest per capita incomes in the world, is such an attractive invest­ment destination. Consider some of the facts and figures: zero corporate income tax, and one of the lowest VAT rates anywhere; 100 per cent capital and profit repatriation, and 100 per cent FDI ownership in many sectors; 16th rank out of 190 in World Bank s Doing Business 2020 report; 25th rank in the World Economic Forum s Global Competitiveness Index and 12th on infrastructure, etc.

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