Benson Formations
Contact us

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

More Posts

What is Letter of Wishes? (3 of 6 Series)

If the Trust Deed is the skeleton of the trust legal structure, the Letter of Wishes (LoW) is its heart, providing the intent and philosophy behind the Settlor’s decisions, acting as a personal guide for the Trustee.

Why set up a Trust? (2 of 6 Series)

The primary appeal of a trust is the asset protection and privacy it provides. Because assets held in a trust are no longer technically owned by the settlor, they are often shielded from personal creditors and lawsuits.

What is Private Trust Company?

A Private Trust Company (PTC) is a specialized corporate entity established for the express purpose of acting as the trustee for one or more single family’s trusts.

What is a Trust? (1 of 6 Series)

A trust is a fiduciary relationship built around three primary roles in which one party, the Settlor or Grantor, transfers legal title of assets -such as real estate, stocks, or cash- to a second party, the Trustee (individual or corporate) to hold and manage them for the benefit of a third party, the Beneficiary or more beneficiaries.

Send Us A Message