Abu Dhabi finance zone courts Indian investors with zero tax

1122N Abu Dhabi Global Market

Martin Tidestrom, Abu Dhabi Global Market's business development director, was in India last week to promote the UAE capital, with its enormous oil and gas wealth, as an emerging business center for other sectors.

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- Abu Dhabi Global Market, a new international financial free zone in the United Arab Emirates, looks to attract businesses in India and elsewhere with incentives such as one-stop servicing, full ownership, zero personal and corporate tax and unlimited repatriation of capital.

The UAE formed the financial center in the capital in October 2015 to support growth and diversification in the nation's economy, Martin Tidestrom, business development director of ADGM, told the Nikkei Asian Review while leading a delegation to India in the second week of November.

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