The United Arab Emirates is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021, a study of Tax Justice Network published on 9 March, 2021.
On top of the list are the United Kingdoms’s offshore territories the British Virgin Islands, the Cayman Islands and Bermuda as the most significant jurisdictions used by companies to minimise their taxes.
The UAE joined the top ranking at number 10, attracting more than $200bn of investment into the country, hence bolstering its financial activity by almost 180 percent.
Please see the first 15 countries of the list.
(1) British Virgin Islands
(2) Cayman Islands
(7) Hong Kong