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The reasons why many companies and VC are in UAE is because of tax system, 0%. There are no taxes levied by the Federal Government on income or wealth of companies and individuals. https://santandertrade.com/en/portal/establish-overseas/united-arab-emirates/tax-system[1][2]
1: https://santandertrade.com/en/portal/establish-overseas/united-arab-emirates/tax-system
2: https://santandertrade.com/en/portal/establish-overseas/united-arab-emirates/tax-system
Reddit got $250+ million from these four:
--- **Vy Capital (yes based in UAE)**
—**Tencent Holdings** is a Chinese multinational technology conglomerate holding company. Headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen.
Founders:
Ma Huateng
Key People:
Tencent owns Riots Games 100% stake https://www.polygon.com/2015/12/16/10326320/riot-games-now-owned-entirely-by-tencent[3][4]
3: https://www.polygon.com/2015/12/16/10326320/riot-games-now-owned-entirely-by-tencent
4: https://www.polygon.com/2015/12/16/10326320/riot-games-now-owned-entirely-by-tencent
and owns Epic Games 40% http://fortune.com/2018/08/30/chinas-tencent-folds-yet-another-video-game-company-into-its-empire/[5][6]
In addition to all these, they now own some stakes in Spotify, Warner Music, Paradox Interactive, Discord, Roblox....
—**Sequoia Capital** (American venture capital firm. The firm is headquartered in Menlo Park, California)
—**Andreessen Horowitz (US)**
There's nothing here!