Abu Dhabi Free Zone Seeks Indian Investment
by Lorys Charalambous, Lowtax.net, Cyprus
09 November, 2016
Representatives from the Abu Dhabi Global Market (ADGM), the low-tax financial center in Abu Dhabi, are to promote the free trade zone in India over ten days of events and meetings.
Together with the Confederation of Indian Industries and the Institute of Chartered Accountants of India, the Registration Authority of ADGM is hosting a series of events and meetings with strategic Indian business leaders and decision makers, in New Delhi, Mumbai, Hyderabad, Kochi, and Trivandrum.
The meetings are intended to explain the investment opportunities available in the United Arab Emirates (UAE) and Abu Dhabi. The ADGM offers firms a number of benefits, including exemption from taxes guaranteed for 50 years, and relaxed rules on the repatriation of profits. The zone permits 100 percent foreign ownership.
The UAE is India's leading trading partner in the Arab world. Abu Dhabi non-oil exports to India increased by 17.6 percent between 2010 and 2015 and the UAE accounts for 80 percent of foreign direct investment by Gulf Cooperation Council (GCC) nations into India.
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