This chapter contains an overview of the tax framework in which local and foreign investors operate, including a look ahead at the GCC value-added tax (VAT) framework that is being created and the considered implementation of a corporate income tax.
This chapter contains a viewpoint from Dean Kern, Middle East Tax and Legal Services Leader, PwC.
Over the past 15 years, Dubai has come into its own as one of the Middle East’s key centres for print, broadcast and digital media. The emirate’s media-focused free zone, Dubai Media City, has attracted a range of global media brands, including news organisations like Reuters, The Economist and CNN; publishing firms, such as McGraw Hill and Forbes; media production companies, including Sony...
With a long-standing status as one of Dubai’s key economic contributors, activity in the industrial sector has been a major contributor to non-oil GDP for the emirate. Even as Dubai’s government has invested heavily in areas such as ICT in recent years, industrial activity has remained a central component of the emirate’s long-term economic diversification plan. While some figures from 2015...
Over the past 15 years, Dubai has developed one of the most advanced IT sectors in the GCC region. As of early 2016 more than 90% of the UAE’s population reported using the internet on a regular basis. ICT is at the heart of the seven-year Dubai Plan 2021 (DP2021). DP2021 builds on more than 15 years of investment in advanced technology by the emirate’s leadership, in conjunction with a wide...
As befits a vibrant, highly commercial global city, Dubai’s education sector is multi-faceted, with kindergartens, schools and universities offering public and private education drawing on best practice from around the world. Dubai is a destination of choice for many international students and teachers. The quality of its educational facilities plays a significant role in attracting...
It has been 50 years since Dubai first struck oil in the Fateh field, but in 2016 the emirate’s determination to ensure it did not become dependent on petroleum wealth is paying dividends. Although the impact on its neighbours of lower global oil prices may have an indirect impact on Dubai’s fortunes in the years to come, in the immediate future its energy policies revolve around reducing...
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