TrustQore in the United Arab Emirates
TrustQore is a regulated financial services group licensed and regulated in five jurisdictions. TrustQore Middle East L.L.C.-FZ is regulated by the United Arab Emirates Meydan Freezone authority.
TrustQore is located in Dubai, one of seven emirates that make up the United Arab Emirates (UAE) with a population in excess of three million. Arabic is the official language although English is widely spoken everywhere and the UAE dirham (AED) has been pegged to the US dollar since 1997 at rate of US$1 to 3.6725 AED.
Global connections are world class and infrastructure projects continue apace.
Dubai’s finance centre boats a strong regulatory regime and significant investment in infrastructure, technology and innovation. In recent years, it has introduced a 9% corporation tax and a flat 5% VAT rate although there is no personal income tax on individuals. The finance industry focuses on four core activities: banking, insurance, capital markets and Islamic financing.
Dubai offers investors and entrepreneurs more than 40 multi-disciplinary free zones, offering tax benefits, full foreign ownership and simplified business setup procedures. They attract large volumes of foreign investment and both the “onshore” and “offshore” company sectors continue to thrive. The UAE has signed more than 130 double tax treaties worldwide including a substantial number of DTTs with African countries.
Dubai offers a range of residency schemes including, green and “golden visa” granting long-term benefits to qualified investors, entrepreneurs, skilled professionals and outstanding students. Retirement visas and family sponsorship options are also available.
