Dubai, Untited Arab Emirates - Residence and Tax Benefits

For many years Dubai has pursued a policy of redevelopment and of attracting foreigners.

Tax

The UAE do not levy any personal income tax.

Also, wealth and inheritance tax do not exist.

Nevertheless, as always, foreign income may be subject to taxes in the country of the origin of the income. This taxation at the source may be eliminated or mitigated through double taxation treaties of which the UAE has 94 in place. This shows that a careful evaluation of the individual situation and the weighing of restructuring options is essential before deciding a transfer of residence.

Residence permit

Dubai offers various ways to obtain a residence permit (visa).

•     Employment by a UAE company

•     Investing in a business in the UAE

•     Buying a property in the UAE

with a minimum value of AED 1 million

•     Retiring in the UAE

if you fulfil one of the following criteria

o     invest in a property worth AED 2 million

o     have financial savings of no less than AED 1 million

o     have an active income of no less than AED 20,000 per month

o     Visa for certain highly qualified individuals

•     New: Working remotely from Dubai under certain conditions