TAXES IN DUBAI

Dubai offers a first class standard of living, extremely high security and a tax free environment for individuals and companies.

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:

1. BUSINESS ESTABLISHMENT - As the owner of a company in Dubai, you are eligible to apply for an investor visa. This is valid for two years at a time.
2. REAL ESTATE PURCHASE - Buying a property worth at least AED 1,000,000 also qualifies for an investor visa. (10 year Golden Visa)
3. CLASSIC EMPLOYMENT IN A COMPANY -An ordinary work visa, valid for two years, is obtained through traditional employment with a company in Dubai.