Favourable Business Environment
- Corporate taxes are retained only for branches of foreign banks and oil-producing companies.
- 5% tariff is imposed on goods imported from outside the GCC.
- Economic zones offer 100% tax exemptions.
- Special economic zones ensure zero-risk in 100% repatriation of capital and profits, with 100% business ownership and tax holidays offered.
- Availability of highly skilled, international human resource pool.
- Business transparency.
- Inexpensive labour costs.