On the United Arab Emirates
The formation of the United Arab Emirates (U.A.E.) came on the second December 1971, not too long after the discovery of substantial oil reserves in Abu Dhabi in 1958 and Dubai in 1966. Understanding that oil cannot be the main source of income, Dubai is now on its way to become one of the major financial centres of the world with the Dubai International Financial Center (D.I.F.C) as its flagship besides other landmarks such as the Burj Khalifa, Emirates Airlines and the Dubai Water Canal.
Cofimo Middle East LLC is based in the United Arab Emirates since 2007. The firm consider The United Arab Emirates as their home and an excellent threshold to the East where in their opinion future economic growth and activity is to be expected. Under the inspiring and wise leadership of its rulers the United Arab Emirates became an oasis of excellence.
The U.A.E. role for multinational business is expanding and not is it only a strategic trading centre, but is compassing more and more head-office service functions such as international human resources, information technology, treasury, finance, intellectual property, marketing and advising. While other countries, especially in Europe heavily rely on income from taxation, The U.A.E does not except for a 5% VAT that will be introduced in 2018.