The Ministry of Finance confirmed that the UAE has been officially removed from Brazil’s list of jurisdictions with preferential tax regimes. This move signals progress in bilateral cooperation and tax transparency.
The decision follows technical consultations between UAE and Brazilian authorities to align financial and investment frameworks with standards adopted by Brazil. According to the ministry, this development strengthens the foundation for expanding bilateral trade and investment.
Mohamed Bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, said the removal reflects the country’s commitment to international tax governance. He added that it provides momentum for advancing economic relations with Brazil through new investment channels.
Brazil’s removal of the UAE from its list comes at a time when trade between the two countries is growing. The UAE was Brazil’s top Arab export destination in 2024, with bilateral trade reaching over US$4.3 billion. Brazil is also the UAE’s largest trading partner in South America.
The decision is expected to facilitate broader cooperation in key sectors, including infrastructure, agribusiness, and logistics. It also supports the UAE’s aim to strengthen its position as a global hub for investment and cross-border commerce.
Officials from both countries have signalled plans to continue joint initiatives that align with sustainable growth priorities and long-term economic planning.
