Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/29/2013

Middle East - Setting up business in the region 

October 29: Countries across the Middle East region are constantly reviewing their tax and business policies to attract foreign investment to fuel growth. Foreign investors in the region may have opportunities for substantial returns.

Some considerations when investing in the region are:


  • There are restrictions on 100% foreign investment in most countries, with rules requiring majority ownership by a local partner.
  • Businesses need to be aware of the laws, developments, and practices of the region, particularly regarding the introduction of withholding taxes.
  • Arabic translators can be essential, because the laws are in Arabic.
  • Discussion with the tax authorities may require the help of a local professional adviser.
  • Managing tax affairs solely from a home location may not be efficient.

A table presents a round-up of specific issues relating to setting up business operations by potential foreign investors in Bahrain, Kuwait, Oman, Saudi Arabia, United Arab Emirates (UAE), Qatar, Pakistan, and Iraq.


Read an October 2013 report prepared by KPMG International: Setting up business in the Middle East




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