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Costa Rica, UAE conclude negotiations to prevent double taxation

The Republic of Costa Rica and the United Arab Emirates successfully concluded negotiations for an agreement to prevent double taxation between the two countries.

Talks are also being held to finalise an agreement for the protection and promotion of investment among the two countries.

“The agreement, concluded between Costa Rica and a nation member of the Gulf Cooperation Council, is an indicative of Costa Rica’s commitment to strengthen its strategic alliance with the United Arab Emirates, promoting investment, trade and the development and the enhancement of economic relations,” a statement from the embassy of the Republic of Costa Rica in the UAE said on Friday.

“The Central American Country sees the United Arab Emirates as its top partner, and as its hub in the region.”

Last January, Costa Rican President Luis Guillermo Solis visited the UAE on the invitation of Shaikh Mohammad Bin Zayed Al Nayhan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the UAE, to address the Abu Dhabi Sustainability week.

The President of Costa Rica visited Abu Dhabi, Dubai and Sharjah, and discussed with the UAE leadership on bilateral, regional and multilateral issues of mutual interest.

Reference to Gulf News published on:August 4, 2017