Dubai is a relative newcomer to the list of offshore havens by becoming a banking and financial hub through the promotion of the Dubai International Financial Centre (DIFC). DIFC offers an attractive business environment including zero taxes on income and profits from foreign-owned businesses as well as a network of double taxation treaties, no restrictions on foreign exchange or profit repatriation and a dollar-denominated environment. Money laundering laws are strictly enforced and infrastructure and property are of the highest standards. Prime property can be bought in Downtown Dubai, Palm Jumeirah, Jumeirah Beach Residences and along Shaikh Zayed Road.

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