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Prince William Begins His First Official Middle East visit

He is expected to visit Jerusalem's Old City and the grave of Princess Alice of Greece

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Prince William
Prince William, flickr

Prince William on Sunday began his first official royal visit to Israel and the Palestinian territories in a five-day tour of the Middle East.

He will arrive in Jordan on Sunday, meeting Jordanian Crown Prince Al-Hussein bin Abdullah II, reports the BBC.

The Duke of Cambridge is scheduled to meet both Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas.

During his visit to Israel, the Duke of Cambridge will visit the World Holocaust Remembrance Centre and lay a wreath to commemorate those who died during the Second World War.

He is expected to visit Jerusalem’s Old City and the grave of Princess Alice of Greece, his great-grandmother and the Duke of Edinburgh’s mother.

The duke will visit Ramallah in the West Bank, where he will focus on issues facing refugee communities, as well as meeting Abbas.

A Kensington Palace spokesman said: “The historic nature of this tour is of course important and the duke considers it a great privilege to be undertaking the first ever official royal tour of Israel and the Palestinian territories, and to be able to help further strengthen the friendship between Jordan and the UK.”

Prince William with his wife Kate
Prince William with his wife Kate

This is the first official tour of Israel or the Palestinian areas by a member of the Royal Family on behalf of the British government.

The Duke of Edinburgh and the Prince of Wales have previously visited Jerusalem, but not as part of an official tour.

Also read: New Documentary on Princess Diana accounts Prince William’s and Harry’s Last Memories with their Mother

In 2016, the Prince of Wales also visited Tel Aviv for the funeral of former Israeli president Shimon Peres. (IANS)

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The Advantages of The Taxation Regimes in The Middle East

So, if you want to operate in the Middle East, setting up a business in Qatar can prove to be quite advantageous

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Taxation, Regimes, Middle East
Most Middle Eastern countries offer a low-tax regime, while others, such as Qatar, impose no corporate or personal income taxes. Pixabay

The Middle East, which until recently was sought mostly by investors in the oil and gas field, has become a very attractive destination for entrepreneurs seeking to operate in other industries as well and one of the most appealing aspects of starting a business here is the taxation system.

Most Middle Eastern countries offer a low-tax regime, while others, such as Qatar, impose no corporate or personal income taxes. So, if you want to operate in the Middle East, setting up a business in Qatar can prove to be quite advantageous.

Below, you can read about other advantages offered by Middle Eastern countries in terms of taxation.

Middle Eastern countries allow for free repatriation of profits

Taxation, Regimes, Middle East
The Middle East, which until recently was sought mostly by investors in the oil and gas field, has become a very attractive destination for entrepreneurs. Pixabay

Most countries in the Middle East provide for the free repatriation of profits earned by companies operating here. This is also the case of the UAE in which foreign investors can set up various types of companies. For example, starting a business in Dubai can mean free repatriation of profits if the owners are foreigners.

Most countries do not impose employment-related taxes

One of the struggles of business owners is to pay various employment-related taxes, contributions and insurances. This is not the case of many countries in the Middle East where there are no such taxes or where employment is taxed at very low rates. When combined with a cheaper workforce compared to European countries, states here will definitely become more attractive to investors from all over the world.

Wide networks of double tax treaties

Also Read- The Main Benefits of Opening a Company in A Foreign Country

Even if they impose a few or no taxes, many Middle Eastern states have signed double taxation agreements in order to help foreign business owners reduce the tax burden in their home countries. Also, when considering that these agreements follow the Organization for Economic Co-operation and Development models on the disclosure of financial information, these countries become more appealing for those interested in onshore destinations with low corporate taxes.

Low VAT taxes

One of the recently introduced taxes by countries in the Gulf Cooperation Council is the value added tax. However, this tax is imposed at very low rates and many investors with companies here have obtained the support of governments in implementing the new regulations which provides for how quickly Middle Eastern countries can adapt to changes.

The Middle East is one of the most appealing parts of the world when it comes to taxation, however, it offers many other benefits apart from this aspect. The cheap workforce, the modern legislation and economic stability are also some of the reasons why foreign investors choose countries here for setting up businesses.