Any Major issues with RSUs in United Arab Emirates - Dubai?

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Any Major issues with RSUs in United Arab Emirates - Dubai

Topic: International Stock Plans

Plan Type: Restricted Stock or Units

Does
anyone issue RSUs in Dubai (part of United Arab Emirates)? Any major
securites law, tax or other adminsitrative issues that you are aware
of? I see from a previous posting that there is no individual income
tax requirement, what about social or other taxes?

Any information you can provide would be greatly appreciated.

3/11/2008 11:09:42 AM

RE: Any Major issues with RSUs in United Arab Emirates - Dubai
There is no tax (at all, including no social security) in the UAE. You will need to determine whether the company operates in the Dubai International Financial Centre as DIFC has its own laws separate to the rest of Dubai. If the company is not in the DIFC there is generally no issues, but this does depend largely on how your plan operates (for instance there are sharia issues around loans or benefits in kind).
Reply	Mathew Ronald, Linklaters LLP 6/10/2008 2:44:59 AM

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Any Major issues with RSUs in United Arab Emirates - Dubai?