United Arab Emirates

Insight | Legal Alert

Tax Developments in the MENA Region

The tax landscape in the Gulf Cooperation Council (GCC) region is dynamic and continually evolving, reflecting the member states' efforts to diversify their economies and enhance fiscal sustainability. We have summarized the key tax developments which occurred during August 2024.

Overview

Baker McKenzie has been in the Middle East and North Africa (MENA) region for over 40 years and our UAE offices form an integral part of Baker McKenzie's renowned MENA practice. As with all of our offices, we have deep local roots, offering an integrated global reach to seamlessly assist clients looking to solve complex problems across borders and practice areas.

We have supported our clients on their most sensitive and challenging transactions, helping them to both optimize opportunities and mitigate risk. Our multidisciplinary team of more than 40 lawyers on the ground provides a full-service offering, advising on both onshore, UAE and offshore/free zone matters (including in the DIFC and ADGM), as well as matters of English law.

Our clients include some of the world’s largest sovereign wealth funds, global and regional financial institutions, private equity funds and asset managers, leading conglomerates, family offices and many of the world’s largest companies.

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Offices

Abu Dhabi

Al Sila Tower, Level 8
Abu Dhabi Global Market Square
Al Maryah Island
P.O. Box 51235
Abu Dhabi
United Arab Emirates

Tel: +971 2 696 1200 Fax: +971 2 676 6477

Dubai

Al Fattan Currency House
Tower 2, Level 16
Dubai International Financial Centre
P.O. Box 507176
Dubai
United Arab Emirates

Tel: +971 4 542 1900 Fax: +971 4 542 1902

Building on our Firm's local and global expertise, we offer comprehensive, integrated tax and legal services including:

We are one of few firms authorized to provide formal legal training to all lawyers in the UAE. Our lawyers benefit from working in an environment filled with experienced legal professionals. Our lawyers also receive professional development training from the Dubai Legal Affairs Department and participate in global training programs such as the Associate Transfer Program.

Our UAE offices also offer England & Wales Training Contracts, a two-year training program encompassing at least three areas of English law that provides trainees with the basic knowledge and skills to become qualified E&W lawyers.

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Diversity & Inclusion

We launched our BakerWomen Middle East initiative in 2015 to support the progression of women in the workplace at all stages of their careers. As part of the initiative, we host internal and client meetings to provide a forum for women to share their experiences and challenges.

We remain committed to the UAE Government’s Emiratisation initiative and provide internships and reverse secondments to UAE nationals to undertake trainings with our firm.

We were named "International Law Firm of the Year" by LexisNexis in their Middle East Women in Law Awards for two consecutive years (2022-2023).

Tax Developments in the MENA Region

Overview

Offices

Abu Dhabi

Dubai

Diversity & Inclusion

Pro Bono & Community Service

Additional Insight

Key Contacts

Borys Y. Dackiw

Osama Audi

Adil Hussain

Mohammad M. Al Rasheed