From a foreigner’s point of view, a perk of owning a piece of an Irish company is that dividends can be paid out without a tax deduction in many cases. For Irish residents, and those foreigners who don’t meet the strict tests for foreign-ness, there is a Dividend Withholding Tax (“DWT”) of 25 per cent. Where the tax applies, a company paying out, say, €100 in dividends must give €25 directly to Revenue and only pay the balance, €75, to the shareholder. The United Arab Emirates (“UAE”) is perhaps best known by reference to its main cities, Dubai and Abu…
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