Also in the news...
UK seeks business views on response to US tariffs
Government begins process seeking business views on response to US tariffs
UK/Viet Nam: Free Trade Agreement
This treaty was presented to Parliament in April 2025.
How AI Is Fueling Creative Innovation for Startups Abroad
When most people think about starting a business overseas, their minds immediately jump to logistics: registering the company, navigating local laws, and finding office space. But one of the most exciting (and often overlooked) aspects of expanding internationally is tapping into the global pool of innovation especially in the realm of artificial intelligence (AI).
Support for UK businesses helping to rebuild Ukraine
Department for Business and Trade (DBT) initiatives to support UK businesses helping to rebuild critical infrastructure in Ukraine.
Now is the time to generate growth together with India
£400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.
US Citizens Form Bee-line in UAE Free Zones to Set Up Companies
Have UAE Residency Visa and Offshore Bank Account
UAE is a young country with ultra modern infrastructure, stable political environment, high level of personal safety and security, safe and secure banking system, air -connectivity to all parts of the world and second home to citizens of 160 countries in the world.
US Citizens, upon establishing residency in foreign country, are able to take advantage of “Foreign Earned Income Exclusion” provision.
US Citizens are taxed on their income, wherever they live and work. The only exemption is that non-resident US Citizens (US Citizens living abroad) can have tax free income up to a certain amount each year. This tax free income tariff varies each year. In 2015, it was $100,800 and it increased to $101,300 in 2016 and $102,100 in 2017. So, a US husband & wife can set up company in UAE and both can earn salary tax free up to 102,100 X 2.
Note: To qualify for the Foreign Earned Income exclusion, US Citizen should be bona fide resident of a foreign country
Article supplied by AURION