[lionhearted]

Tangent: UAE is actually effectively 0% corporate tax rate for most industries. From the notes on that KPMG link --

> Although in theory these emirate-level decrees impose tax on the income of all corporate entities, in practice tax is currently only enforced on foreign oil companies engaged in the exploration and production of oil and branches of foreign banks. Although the tax rate applicable to oil companies is generally 55% of operating profits, the amount of tax actually paid by such companies is based on a rate agreed in individual concessions between the company and the respective emirate. This rate can range between 55% and 85%. Branches of foreign banks are subject to tax at 20% of their profits under the banking tax decrees.

They're trying to attract industry to move there. It's kind of pricey for small businesses to take advantage of though, since incorporation (if I remember correctly) costs $7000 once + something like $4000 per year, requires renting office space in a special economic region, and likewise establishing personal tax residence there also requires some mildly expensive registration procedure or other. For someone with a small business making upper-middle class income, the basically-equivalent-to-effective tax rate would probably be somewhere from 10% to 40%, but those are mostly fixed fees that would fall when revenue/income goes up.