Recently, the demand for company incorporation in the United Arab Emirates (UAE) has grown significantly. This is primarily due to geopolitical factors, but also to the large number of advantages that the UAE offers for businessmen who want to conduct business through this jurisdiction. To date, the general advantages of the UAE include, first of all, the absence of corporate income tax and personal income tax.
Special economic zones (SEZ) are limited territories where the legislation on trade, taxes and business differs from the legislation on the rest territory of a country. SEZ are very popular all over the world and are created for different purposes and for different projects. For example, the Russian SEZ in Kaliningrad on Oktyabrsky Island and in Vladivostok on Russky Island were created for the purpose of returning large capital to Russia as part of the deoffshorization policy, and the Belarusian High-Tech Park was created to attract and retain IT businesses, including those related to blockchain and cryptocurrency.
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