The choice between opening a business in Cyprus or the UAE depends on the entrepreneur’s goals, type of activity and priorities regarding tax and market conditions. Both jurisdictions attract foreign investors, but have their own characteristics.

Cyprus is part of the European Union, which means that businesses here gain access to European markets and legal guarantees. The island attracts with its low corporate tax rate (12.5%), an extensive network of double taxation agreements and a convenient system for holding structures. Cyprus is particularly suitable for companies in the IT, finance, intellectual property and international asset management sectors. An additional plus is the relatively simple registration process and a business culture familiar to Europeans.

The UAE (United Arab Emirates), on the other hand, offers a complete absence of income tax for most companies registered in free economic zones. A flexible infrastructure for trade, logistics and finance has been created here, and its geographical location makes the country a hub between Europe, Asia and Africa. At the same time, business in the UAE is more suitable for those who are focused on rapid development in the Middle East region, international trade, fintech or startups with global ambitions.

So, if the main goal is to obtain European status, minimize taxes within the EU and use double taxation agreements, then Cyprus is the optimal choice. If the complete absence of corporate taxes, access to Middle Eastern markets and rapid integration into international trade are important for business, then it is better to choose the UAE https://dev.to/legarithm/changing-jurisdictions-should-you-move-your-startup-to-cyprus-or-the-uae-445e