@pesekcuy @arcana @lain @newt several of the gulf oil states have been diversifying for years now.

@sun @arcana @lain @pesekcuy it's funny that it's much easier to open a business in the UAE today than it is in the EU or the US of A. At least, as a foreigner.

Also, little to no taxes

@newt @arcana @pesekcuy @sun sounds like a cool place I should check it out

@lain @arcana @pesekcuy @sun they have no personal income tax. Corporate profits are taxed at 9% flat, except the first 375k AED (0%). There are special conditions for foreign banks, oil industry, and other stuff.