Wednesday, May 12, 2010
Tax Free Economy
With a population of around 7 Million the Emirates ID is another compulsion on every resident of the UAE be it a Citizen or an expat. The Emirates ID card is a great means for collecting data that can help the authorities tackle issues related to crime, identity and much more though it would also incur a risk of privacy breaching but it can be acceptable if its used wisely and securely for the betterment of the society.
However, the Emirates ID comes with an Yearly fee of 100 AED which would accumulate to approximately 700 Million AED that would equal around 200 Million USD and they say that the country is Tax free.