The Minister of Industry, Tourism and Commerce Spanish, Joan Clos, opened yesterday in Dubai a seminar on investment opportunities in Spain Business Dubai United Arab Emirates and Investments of Spanish firms in Dubai.
The seminar is organized by Invest in Spain in collaboration with the business office of the Embassy of Spain in Dubai, and some of its objectives to strengthen the position of Spain as an attractive destination for foreign investment and explain to entrepreneurs in the UAE double taxation agreement signed with Spain.
The Minister stressed the positive aspects and the dynamics and stability of the Spanish economy, the good bilateral relations between Spain and the UAE, and the high rate of growth experienced in the UAE in recent years. "Aware of this reality (the implementation of innovative projects in Dubai), the Spanish government is closing a number of cooperation agreements to strengthen and deepen bilateral relations."
Since the organization Invest in Spain. it highlighted the competitive advantages of business environment in our country, presenting Spain as a gateway to other markets best interest, such as Latin America and the great potential of Spain in the renewable energy sectors, biotechnology or information technology, among others, in which Spain offers significant progress and competitive advantage.
We highlight the Double Taxation Agreement signed between Spain and the UAE, agreement will enable UAE businessmen to invest in Spain, have greater legal certainty, and benefit from an advantageous tax, with rates tax levy to be reduced from 18% to 5% or even 0% in some special cases. Likewise, all companies in the UAE to be installed in our country may invest through Spain in third countries, mainly in Latin America, thus indirectly accessing a major new consumer market.
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