Wealth and Income Tax
No income tax is applied in Dubai. All personal income is tax free. This includes salaries, pensions, rental income and capital income such as dividends, interest and capital gains of all kinds. There is no wealth tax (including on real estate).
Real estate gains, Inheritance and Gift Taxes
In Dubai, no real estate gains tax is imposed on the resale of real estate. However, there is a 4% transfer fee on real estate transactions, which is usually paid by the buyer. Inheritances and gifts do not have to be taxed either at the time of death or upon receipt of the inheritance or gift.
Value Added Tax - VAT
Since January 1, 2018, a 5% VAT has been charged in the United Arab Emirates.
RESIDENCE IN DUBAI
Basically, there are three ways for foreigners to obtain a residence permit in Dubai: