Jersey Finance has welcomed the signing of a Double Taxation Agreement (DTA) between the authorities in Jersey and the United Arab Emirates.

The signing took place in Dubai on April 21 between Senator Ian Gorst, Jersey’s Chief Minister and Obaid Humaid Al Tayer, Minister of State for Financial Affairs for the UAE.

Geoff Cook, CEO, Jersey Finance, who was present in the region at the time of the signing, hosting Jersey Finance’s annual roadshow on the issues currently shaping the growth of the GCC market, commented:

“The DTA is a welcome addition to the regulatory agreements our authorities have signed in the region which date back as far as 2006. It further highlights the willingness of our authorities to actively cooperate with other regulatory bodies in tax matters, while within the UAE, it strengthens our long-standing commercial relationship and helps to support further business activity between locations. It’s fitting too that the latest agreement has been signed at a time that Jersey Finance is celebrating five years since opening an office in the UAE.”

Read the full press release here.

Jersey & UAE DTA signing

Sen Gorst with the UAE Minister of State for Financial Affairs, Obaid Humaid Al Tayer – credited to ‘Emirates News Agency, WAM'