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MoF has established partnerships with local and international ministries and federal entities to advance the UAE’s standing economically, to contribute
towards sustainable development in the UAE and to enhance global competitiveness. Strategic partnerships include those formed as part of the GCC, Gulf
Economic Integration and the Gulf Common Market, and those formulated to promote international investment in the UAE and collaborative initiatives with the
world’s leading financial establishments.
MoF has established relationships with federal entities, national banks, academic institutions and leading
business in the UAE to exchange experiences and expertise, to enhance the nation’s position as a global
competitor and to formulate plans on ways to encourage investment in the UAE..
MoF continues to expand its network across the world and to sign agreements on avoiding double taxation.
Currently, 94 such agreements are signed with different countries, all of whom are major trading partners for the
UAE. 15 agreements are also in the negotiation stages.
MoF implements an economic agreement between the UAE and the GCC member states, as well as embarking
upon a number of projects targeted at economic integration and the establishment of a free trade zone and a
Strategic regional and international partnerships are hugely important to the MoF strategy, and are acknowledged
as integral components of the UAE’s financial and commercial relationships with other leading nations of the world.
The Global Competitiveness Reports are published annually by the World Economic Forum, and MoF dedicates
great resources to elevating the UAE’s position within the areas of the reports related to the economy and financial
prosperity. You can see the UAE’s latest rankings here.
The UAE has signed an agreement with the USA government’ Internal Revenue Service to improve international tax
compliance in relation to the Foreign Account Tax Compliance Act (FATCA), which requires international sharing of
information to prevent tax evasion.
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