International · Organisation

OECD

The Organisation for Economic Co-operation and Development — 38 member states, headquartered in Paris. Sets international tax and corporate-governance standards.

In practice

Relevant to UAE incorporation because of three OECD initiatives: BEPS (Base Erosion and Profit Shifting), Pillar Two (global minimum tax — implemented in the UAE as DMTT), and the Common Reporting Standard (automatic exchange of bank-account information).

Related terms