UAE is one of the fastest-growing tax havens

The UAE is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021.

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 
(3) Bermuda
(4) Netherlands 
(5) Switzerland
(6) Luxembourg 
(7) Hong Kong
(8) Jersey 
(9) Singapore
(10) UAE
(11) Ireland 
(12) Bahamas
(13) UK 
(14) Cyprus
(15) Mauritius


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There are over 375,000 active BVI Business Companies (with approx. 57% owners from Asia and 16% from Europe and North America) facilitating an estimated $1.4 trillion in cross-border trade and investment, supporting around 2.3 million jobs globally and generating $14bn each year in taxes for governments worldwide.

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