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In recent years, tax residence issues have become very important when dealing with tax declarations for the government, banks and tax offices. Obtaining tax resident status in the UAE has grown in popularity for several reasons:

The UAE is set to join the Common Reporting Standard (CRS) later than most other countries — starting from 2018.
There are generally no taxes for corporate and private residents in the UAE on trading income, dividends, investments, bonds, etc.
The UAE offers vast opportunities for international businesses; companies are easy to incorporate and can be managed effectively.