There is a felicity expression in the business life:
Bank account in Swiss Banks, endowment in Liechtenstein, offshore firm in Ciprus, and last one but not least: holding centre in Dubai.
Recently Dubai became the most attractive tax heaven among the relatively developed country which are doing business at economy. In Dubai, we can not meet with neither private income tax, nor interest tax and partnership tax. Merely the banking sector and the oil industry are taxing in conformity with the special taxing rules.
Most of developed countries have a Double Taxation Prevention Agreement with Dubai, therefore in Dubai the tax paid income with zero percantage can be treated as tax paid income by another country.
There is a prevalent and favorite technic in the West, the corporations have subsidiaries in Dubai, in order to evade the taxation. These subsidiaries doing business at commercial and service sector, and certainly they remunerate the leadership.
However, this method is seemingly easy, this is trickler. Because everything has to have a registered version. In practice, it is unambiguously toughish, due to the administration.
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