According to Amac News: Based on the UAE state media, this achievement emphasizes the country's commitment to strengthening economic and tax cooperation, creating a suitable environment for business, preventing double taxation and promoting investment and the uninterrupted flow of trade.
The negotiations were held at the office of the UAE Ministry of Finance in Dubai and ended with the initial signing of the draft agreement.
The aim of this agreement is to create a stable and investment-friendly tax framework, remove tax barriers and prevent double taxation for individuals and businesses.
The agreement is designed to increase confidence among foreign and domestic investors, encourage more joint ventures, and support efforts to strengthen economic and trade relations between the UAE and Russia.
In addition, it seeks to create new opportunities for economic growth, facilitate the exchange of experiences and technologies between the institutions and companies of the two countries, and promote sustainable commercial and financial relations in the long term.