POST Online Media Lite Edition


UAE signs agreements with Saint Kitts and Nevis on taxation, investment

Staff Writer |
The UAE, represented by the Ministry of Finance, MoF, has signed two agreements on the avoidance of double taxation on income and the protection and promotion of investment with Saint Kitts and Nevis.

Article continues below

The agreements came as part of the Ministry’s strategy to expand its international relations and to protect and promote Emirati investments abroad.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Mark Brantley, Minister of Foreign Affairs and Aviation of Saint Kitts and Nevis, signed the agreement at the ministry office.

Al Tayer stressed the importance of the agreements in expanding Emirati investments globally. He highlighted that the agreements provide the necessary tools to strengthen investments and protect them from non-commercial risks that might affect their performance.

The UAE has signed more than 103 agreements on the avoidance of double taxation, and more than 63 agreements to protect and promote investment with various countries.

What to read next

LatAm countries back Venezuela's decision to quit OAS
Iran, Iraq sign three agreements on economic cooperation
Qatar and Fiji agree on avoidance of double taxation