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30 Years
INTERNATIONAL
double TAXATION
& INVESTMENT
agreements
position the
uae as a global
business hub
A significant milestone in strong foreign financial relations

Since its inception, the United Arab Emirates has established an exceptional regional and international financial position through its proactive pursuit of partnerships that strategically enhance and strengthen the nation’s foreign relations.

2019 marks three decades since the Ministry of Finance of the UAE was authorised to sign and undertake Double Taxation Avoidance (DTA) Agreements and Bilateral Investment Treaties (BITs). The UAE’s first DTA was signed with France in 1989. The first BIT was signed in 1991, also with France and then Malaysia.

Today, the UAE’s vast network of agreements extends worldwide.

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The Ministry of Finance is responsible for building strategic financial partnerships with fellow Arab and foreign countries. By negotiating bilateral agreements on double taxation and investment partnerships, the Ministry has contributed to the creation of a highly attractive investment climate that promotes sustainable development and diversified sources of national income.

Double taxation and bilateral investment agreements
30 years celebration

Prestigious event to mark the UAE’s outstanding record of international trade success

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11 March 2019
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Al Multaqua Ballroom
World Trade Centre, Dubai
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Attended by government officials,
dignitaries and important stakeholders
Opening address
by Ministry of Finance
Keynote address
by Organisation for Economic
Cooperation and Development (OECD)
Panel discussion
around the achievements and future of international agreements, in line with Vision 2021
Recognition ceremony
to honour those who have contributed to
the success of the agreements network
Forward-looking vision & mutual benefits
to inspire progress and prosperity

The far-reaching vision and ambition of the leaders of the UAE has created a sturdy economy. The country is world-renowned for its lenient taxation system, which exempts most businesses from paying tax, attracting investors and entrepreneurs from other countries and contributing to prosperity and economic stability. These substantial advantages have had a positive impact and mutual benefits for all parties.

What is a double taxation agreement?
Also known as a Tax Treaty, a DTA is a mutual economic agreement between two nations that aims to legally reduce or eliminate taxation of the same income by both countries.
What is a bilateral investment treaty?
This agreement between two governments lays out the terms by which the nationals of each territory may invest in the other. It obliges the countries to fairly accommodate such investments.
HISTORICAL TIMELINE
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UAE joins the World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID)

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The Ministry of Finance is authorized to sign and undertake Double Tax Agreements and Bilateral Investment Treaties

Limited Tax and Investment Agreements signed with Singapore and India

First DTA signed with France

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First BITs signed with France and Malaysia

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MoF represents the UAE at the OECD to support the adoption of international tax provisions and facilitate development of DTA network in Middle East and North Africa

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UAE joins the Global Forum on Transparency and Exchange of Information for Tax Purposes

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Landmark DTA with Saudi Arabia – the first of its kind between two GCC nations

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UAE’s DTA network ranks 1st in Middle East and North Africa

UAE now ranks among the top major global financial and commercial centres in terms of DTA and BIT agreements

Developing the UAE as an attractive business hub for foreign investment
What are the benefits of bilateral taxation and investment agreements?
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Promote economic growth and prosperity
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Support developmental goals
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Facilitate cross-border trade and investment
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Foster confident business environments
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Enhance transparency
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Boost international economic cooperation
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Alleviate the financial challenge of double taxation
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Foreign direct investment trends
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Ease of doing business index
The UAE ranks 1st regionally and 21st globally in the World Economic Forum’s Ease of Doing Business Index
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