Jersey's finance industry continues to build closer commercial ties with Arab Gulf countries as its forthcoming delegation to the region will include signing a Double Taxation Agreement with Qatar.
Jersey’s finance industry continues to build closer commercial ties with Arab Gulf countries as its forthcoming delegation to the region will include signing a Double Taxation Agreement with Qatar.
This latest DTA signing follows on from a Memorandum of Understanding signed at the end of last year between the Central Bank of the UAE and the Jersey Financial Services Commission, which put in place a formal mechanism to enable the regulatory authorities in the UAE and Jersey to co-operate on supervisory matters and the exchange of information.
Geoff Cook, Chief Executive of Jersey Finance, said, “This agreement signifies the growing importance of the relationship between Jersey and Qatar and supports Jersey’s objective of signing agreements which allow for appropriate levels of information exchange and transparency, while at the same time protecting important privacy rights for firms and individuals. The agreement makes it easier and more straightforward to conduct business between Jersey and Qatar and will therefore play an important part in encouraging increasing business flows between the two locations.”
The visit to the Gulf on 17 March will be led by Senator Sir Philip Bailhache, Assistant Chief Minister with responsibility for external affairs, who will hold meetings with senior government and regulatory officials as well as leading practitioners in Doha and in the Emirate of Dubai and Abu Dhabi. The visits marks the first anniversary of Jersey Finance opening its representative office in Abu Dhabi.
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