Opportunities worth billions are expected to open up to Israelis • In Dubai, there is no corporate taxation - other than oil and gas • Chairman of the Export Institute: "The economy will be more significant"
Abu Dhabi.
Full of opportunities for Israeli investors
Photo:
IPI
The historic normalization agreement between Israel and the UAE is also a great opportunity to Israeli investors in various fields.
Because of the great wealth in the area, many are now dreaming of the “dream of the Emirates”.
However, business people and companies who think to do so, have to first understand how you should conduct business instead of what comprises the regulatory region.
According to Baruch Adiv, Chairman of the Export Institute, "It has been known in recent years that there is great appreciation for Israeli technologies and various Israeli products, which have operated in this area through third parties or through subsidiaries.
"The agreement means that the economy will be much more significant, as it is a direct and unmediated connection. It will open up the channel of opportunities in a more significant way."
According to Adiv, these are a wide range of areas that are common in developed countries.
Therefore, Israeli companies can engage in the more correct implementation and management of these infrastructures.
In addition, any agriculture Hmdiikt is on the table, and digital health is also very necessary.
The fintech is required
One of the required areas is fintech.
Emirates became the world's fourth trade region, so that civil security systems and advanced e-commerce more relevant.
Since the Emirates have become a significant financial center for a large area, all the technologies required very Hfintk and Israel can contribute in this field.
Since we are in the digital financial, civilian cyber defense systems very relevant Lamirtim.
According to Adiv, the population of the UAE is made up of one million citizens, one million high-class foreign residents and another eight million foreign workers living there.
According to him, the business potential in education is also great.
"Crisis corona raised the technological requirements of distance learning and the production value and pedagogical Age younger and intermediate age. We have something to fit in the world of education. So far it is estimated that trade in bilateral direct and indirect amounted to a billion dollars. Now would be a direct, unmediated, and even lines communication has been started. I can say that the first day of the announcement, the number of calls daily from businessmen and organizations significant UAE is unimaginable. Referrals are not proportional to the amount of one million local residents. our job is to build the infrastructure for training and enrichment to prepare the business community work "Right in the region. That way we can increase trade over the next five years to $ 10 billion."
However, says Adiv, the haste is from the devil.
"Export Institute recently made a large Wiener hundreds of Israeli companies in the process of preparation and training of all companies that want to operate in the area. However, to understand the limitations and regulation that area and prepare the infrastructure and the business community."
According to Yaron me, head of the office real estate tax and ENF me Nadler, Frieden Co., accompanies overseas investments in Israeli companies, "Dubai is one of the UAE federation of seven.
Between them there is a free trade area without tax effects.
The historic agreement creates a great opportunity among Israelis because the tax regime is very favorable.
Quite a few wealthy Israelis do business in the union, but under foreign companies.
The connection was never direct.
There is no income tax and no estate tax on individuals.
Self-employed people do not pay taxes, that is an exception. "
However, the lawyer says to me, there is also uncertainty in terms of Israeli investors. "An example of the future potential exposure to consider is that today the UAE is not obliged to transmit information to the tax authorities in Israel relative to Israelis bank accounts registered in the Company, under the Convention CRC.
However, this may change in the future as part of the fiscal agreements that are in the pipeline.
In this situation those Israelis who run there now accounts that are not reported to the tax authorities in Israel, may find themselves subjected to convey information about their accounts. "