The UAE is a popular destination for wealthy foreigners for a number of reasons.

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Many billionaires in the UAE are drawn to the country's zero income tax policy. As a result, people travel to the United Arab Emirates in order to safeguard and increase their wealth without having to pay high taxes on it.    The United Arab Emirates (UAE) provides a golden visa program that permits investors, entrepreneurs, and professionals to stay in the nation for an extended period of time. This effort has been essential in attracting skilled labor and funding from around the world.    Due to its strategic location at the crossroads of Asia, Africa, and Europe, the UAE can be quite alluring for investment. This is also important information for visitors planning meetings there.    UAE Offers  a lots of opportunities for ventures and investments. Under a stable political climate, the state of the United Arab Emirates can enjoy a sense of security and predictability, both of which are necessary for efficient long-term planning.     Countries that have seen the greatest growth in
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Turkey-UAE free trade deal indicates new cooperation era: Envoy

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UAE

The free trade deal between the United Arab Emirates (UAE) and the Republic of Turkey indicates a new era of cooperation between the two countries, according to a senior official.

On Friday, the two countries signed a free trade agreement, which aims to increase the economic cooperation between Turkey and the UAE.

The UAE ambassador to Turkey, Saeed Thani Hareb Al Dhaheri, told Anadolu Agency (AA), a state-run news agency headquartered in Ankara, “The agreement constitutes a milestone in the two countries' qualitative relations and a new era in cooperation toward broader horizons for the benefit of the two countries.” He also said that the UAE and Turkey celebrated the 50th anniversary of diplomatic relations between the two countries.

According to the UAE, the Comprehensive Economic Partnership Agreement (CEPA) would increase bilateral trade between the two countries to around $40 billion (TL756.8 billion) in the next five years.

The negotiations on the deal started in 2022 following UAE President Sheikh Mohamed bin Zayed Al Nahyan's (MBZ) visit to Turkey in 2021. During the visit of MBZ to Turkey, the UAE set up a $10 billion investment fund. Thani Al Zeyoudi, UAE minister of foreign trade, said, "The $10 billion fund is attracting a lot of investments from the UAE.” Thani Al Zeyoudi also said that CEPA would increase projects and investments between the two countries.

According to Saeed Thani Hareb Al Dhaheri, the Comprehensive Economic Partnership Agreement enhanced the relationship between the UAE and Turkey. He said that the agreement would increase trade and investment exchange and boost joint economic growth.

According to the WAM news agency, the agreement would eliminate or reduce customs duties on 82% of goods and products.

The President of Turkey, Recep Tayyip Erdoğan, said that the agreement would take economic and trade relations between the UAE and Turkey to a new phase.

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The free trade deal between the United Arab Emirates (UAE) and the Republic of Turkey indicates a new era of cooperation between the two countries, according to Envoy.

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