Understanding the UAE Business Setup - Nimbus
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The UAE has always been known for its zero-tax policies, which has helped the country <br>attract businesses and workers from across the globe. However, recently there has been a <br>significant shift in its fiscal policy. The UAE Cabinet of Ministers issued a decision that <br>involves levying a 9% corporate tax for certain businesses. This decision has been welcomed <br>as a strategic move to diversify the sources of income for the UAE beyond oil, and at the <br>same time allowing the country to maintain its status as a regional commercial hub.
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Understanding the UAE Business Setup - Nimbus
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