UAE Introduces 15% Minimum Tax on Multinational Giants Starting January 2024

UAE: The World’s Most Economically Stable Nation – A Global Leader in Entrepreneurship and Business

The United Arab Emirates (UAE) has proudly earned the title of the most economically stable country in the world in a global ranking of 89 nations. This accolade highlights the UAE’s exceptional strides in fostering entrepreneurship and creating a business-friendly environment, solidifying its status as a beacon of economic innovation and opportunity.


What Makes the UAE a Global Standout?

The ranking, conducted by US News and World Report, attributes the UAE’s success to several factors:

  • Favorable Tax Policies: A zero-income tax regime for most individuals and businesses.
  • Efficient Bureaucracy: Minimal red tape, which accelerates business operations.
  • Corruption-Free Governance: Transparency in government practices ensures a trustworthy environment for investors.
  • Low Manufacturing Costs: Competitive operational costs for industries.

These factors have enabled the UAE to surpass traditional economic giants and emerge as a leading global hub for trade, innovation, and entrepreneurship.


Key Rankings and Scores

  • Economic Stability: A perfect score of 100/100, reflecting its robust and resilient economy.
  • Entrepreneurship: Scored 90.7/100, emphasizing its flourishing startup culture and innovation-driven policies.
  • Digital Infrastructure: Scored 87/100, showcasing its advanced technological framework.
  • Job Market Quality: An impressive 86.9/100, attracting professionals from across the globe.

Global Competitors

The UAE stands tall alongside other economic powerhouses like Switzerland, Germany, Canada, and Japan. Notably, Saudi Arabia also made its mark in the top 10, reinforcing the region’s growing global economic influence.


Visionary Leadership and Future Outlook

Abdullah bin Touq Al Marri, the UAE’s Minister of Economy, envisions the nation transforming into a global hub for the new economy by the next decade. “Our goal is to build a knowledge-based economy driven by innovation. This will not only strengthen our nation but also contribute significantly to global sustainable development goals,” he stated.

The UAE’s proactive legislative reforms and strategic economic policies have set the stage for a bright future.


Economic Growth Forecasts

  • IMF Projection: UAE’s GDP growth is forecasted to reach 5.1% in 2025, up from 4.2% predicted earlier.
  • World Bank Estimates: Growth rates of 3.3% in 2024 and 4.1% in 2025 reflect the UAE’s steady trajectory, supported by diversification into non-oil sectors.
  • UBS Global Wealth Management: Anticipates the UAE’s economy to grow by over 5% in 2025, driven by robust policies and global partnerships.

A Model for the World

From its dynamic entrepreneurial ecosystem to its strategic investments in digital infrastructure and innovation, the UAE is setting a gold standard for economic resilience and business success.

This remarkable achievement not only underscores the UAE’s position as a global economic leader but also inspires nations worldwide to embrace innovation, transparency, and sustainability.

With an unwavering vision and strategic foresight, the UAE is not just shaping its future—it’s redefining the global economic landscape.


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