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United Arab Emirates Business Report

General information
Source: The World Factbook - Central Intelligence Agency
6,072,475 (July 2017 est.)
$686.8 billion (2017 est.)

GDP growth rate
0.5% (2017 est.)

Low and slowing from healthy rates of more than 3% in the previous years

GDP (PPP) per capita
$67,700 (2017 est.)

Very high

Local currency
Emirati dirham (AED)

Pegged to the USD

Financial stability (Public debt)
19.5% of GDP (2017 est.)


2% (2017 est.)

Medium, healthy rate


Persian, English, Hindi, Urdu

Corruption perception index (Source: Transparency International)

Low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018

5% standard VAT rate and applicable to most goods and services, with some goods and services subject to a 0% rate or an exemption (subject to specific conditions being met).
Corporate Tax

There is no corporate income tax Oil and gas companies might be taxed up to 55%

Generally, a customs duty of 5% is imposed on the cost, insurance, and freight (CIF) value of imports. Other rates may apply to certain goods, such as alcohol and tobacco, and certain exemptions may also be available.
Useful Business Links
PWC Tax Summaries - UAE

An overview of the United Arab Emitates tax scheme

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