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Highlight & stories
14 April 2021, by ADGM's Staff Editor
As reported by WAM, the UAE is among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes, including the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity Index, the World Economic Forum's Travel and Tourism Competitiveness Report, the Global Talent Competitiveness Index and the Global Competitiveness Index 4.0.
While many countries are planning to increase taxes on personal profits and corporations, the UAE ranked first globally in terms of the lack of real personal taxes and low rates of tax evasion, which enhanced its attractiveness to foreign direct investments. The UAE was also ranked second globally in the areas of corporate tax collection, real increase in government expenditures, and collection of capital and real estate taxes, while it was ranked third in the areas of intergovernmental transfers, local central governmental debt and rate of low consumption taxes.
Abu Dhabi – A Dynamic and World-Class International City and Cultural Hub
Abu Dhabi is the world’s safest city for the fifth year in a row, ranked ahead of 431 cities around the globe in Numbeo's Quality of Life index. This is an incredible testament to the efforts of Abu Dhabi leadership to ensure safety for citizens and residents to enjoy a high quality of life and cements Abu Dhabi’s position as a desirable destination to live, invest, work and visit. Read this article in The National to learn more.
Al Maryah Island: The Thriving Financial City and Lifestyle Hub
Companies who are based out of Abu Dhabi take advantage of a strategic location, world-class infrastructure, relatively low operating costs and significant tax benefits, a highly skilled workforce and a high quality of life for company staff and their families. With proven successful pandemic management and recovery plans, unrivalled connectivity to Asia, Europe, the Middle East, and Africa as well as favourable time zone differences and geographical distances, Abu Dhabi offers a range of compelling advantages over other global business hub choices. Click here to learn more.