It is felt already at the moment when you, sitting on the plane, look at the city from a bird's eye view. In fact, 86% of respondents to HSBC's 2021 Expat Explorer survey said Dubai has a higher standard of living than their home country.
Moving to Dubai is something that many people dream about, and it is not surprising, because it is a unique opportunity to start a new life in one of the most dynamically developing cities in the world. Along with undeniable advantages, Dubai also has some disadvantages. Which ones exactly? Let's talk further.
Many people, before moving to the United Arab Emirates, associate Dubai exclusively with sunny beaches, dizzying skyscrapers and incredible opportunities for living, working and relaxing. This is mostly true, but, as you know, in any barrel of honey there is also a fly in the ointment. In order not to collect bit by bit the information of interest, we structured it and will now share it with you.
With zero taxes on personal income, capital gains and dividends, Dubai residents have one of the highest levels of disposable income of any city in the world. The non-profit tax here is only 9%, and VAT is 5%.
The UAE is located at the crossroads of transport routes between Europe, Africa and Asia, making it an ideal location for international meetings and business negotiations.
The sun shines brightly here most of the year, so UAE residents spend a lot of time outdoors and enjoy the warm sea.