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Living in Dubai
Establishing a company in Dubai, opening an account with complete banking confidentiality — we are your trusted partner!
Dubai - A Success Story
Dubai is one of the 7 United Arab Emirates. The city of Dubai is home to approximately 85% of the population of the Emirate of Dubai. Almost the entire economic, social, cultural and political life of the emirate takes place in Dubai.
As of 2013, Dubai is one of the most visited cities in the world, with up to fourteen million overseas travellers a year. It also had the best tourism sales of any metropolis at over $31 billion. The city of Dubai is located on the northern edge of the Emirate of Dubai and is divided by the Khor Dubai, a bay of the Persian Gulf that is 100 to 1300 meters wide and around 14 kilometres long. The metropolis extends over the entire south along Jumeirah Beach and Sheikh Zayed Road, as Dubai borders directly on the Emirate of Sharjah in the north. Thanks to a decades-long manufacturing boom, Dubai is the metropolis with the most skyscrapers in the world with a height of over 300 meters and the tallest building in the world (Burj Khalifa, 828 meters). Dubai is also home to the busiest international airport by passenger volume and the 10th busiest port by container throughput.
The gate to the world
Due to its geographical location, business-friendly legal framework and its future-oriented infrastructure, Dubai is rapidly becoming a global center for trade, finance, and e-commerce.
Only 6 hours of flight time from most European countries as well as Asia makes Dubai both the ideal hub and a popular holiday destination.
By adopting international best practices and creating tax incentives as well as sound regulatory and legal frameworks, Dubai has become an attractive destination for start-ups and multinationals. A company formation can be done in 5 days and enables a permanent residence permit (permanent residence) and to open an account in Dubai.
Taxes in Dubai
As in all Emirates, living in Dubai is 100% tax-exempt. In other words, there is no income tax, payroll tax or corporation tax to be paid here.
The only exceptions are currently 5% VAT and the announcement of a corporate tax rate of 9% from June 2023 for so-called mainland companies.
Mainland companies are companies that do business within the UAE. For these companies, there is an annual allowance of around 90,000 euros (profit).
Free zone companies are exempt and remain 100% tax-exempt. These are ideal for building company structures.
Since there is no income tax in Dubai, there are no individual tax returns. This has the advantage that you do not have to give the authorities any information about your assets.
Real Estate in Dubai
More and more Europeans are discovering the real estate market in Dubai and investing. Prices are rising like in many other countries (latest +20% compared to 2021) but the difference is that in Dubai yields of 8% on average can be achieved.
In addition, when you buy the right property, you can also apply for an investor visa. The property must be 100% complete and the purchase price must be at least AED 2 M.