Benefits of Settling in Dubai

Marc Burgos
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Why live in Dubai?

In this blog, we explain why this emirate has become an attractive destination for professionals, entrepreneurs and investors. From tax advantages to a business-friendly environment, Dubai offers a unique lifestyle that you can't ignore.

Tax Advantages in Dubai

One of the main reasons why many people choose Dubai is because of its advantageous tax system. Despite paying practically no taxes, Dubai is not on the list of tax havens. This means that, once funds are audited, they are considered clean and free to move.

General Taxes in Dubai

- VAT: Around 5%, with some exceptions to 0%.

- Wealth Tax: 0%.

- Inheritance and Gift Tax: 0%.

- Property Tax: 0%.

- Dividends: They are taxed at 0%.

- Earnings on cryptocurrencies, investments and trading: 0%.

Business Tax

In Dubai, Corporate Tax is designed to be business-friendly, with two distinct tranches:

- 0% for earnings of up to 375,000 Dirhams (approximately $100,000 USD or 93,000 EUR).

- 9% for business profits that exceed this amount.

In addition, until December 31, 2026, small businesses can benefit from the Small Business Relief, an aid aimed at smaller businesses. With this program, the first 750,000 Euros invoiced by the company will be exempt from taxes.

Other Benefits of Living in Dubai

While the economic incentive is a compelling reason, living in Dubai offers much more.

Access to Global Markets

Dubai's strategic location makes it a bridge between Europe and Asia, facilitating access to global markets that are difficult to reach from elsewhere. This is ideal for those looking to expand their business and find new business opportunities.

Favorable Business Environment

Dubai not only offers an enriching professional life, but it's also an environment where you can develop new business skills and establish a strong network of contacts. The city is a center of innovation and business development.

Government Support for Entrepreneurs

The Dubai government is distinguished by its proactive policies towards business. Unlike countries like Spain or many in the European Union, the government offers multiple initiatives to support entrepreneurs and SMEs, such as the ease of obtaining business licenses and the practical absence of taxes.

Conclusion

If you are considering going to live in Dubai, do not hesitate to contact Gestoria Ibérica so that we can see your case and advise you.

Because living in Dubai not only offers tax benefits, but also unique opportunities for personal and professional growth. If you are looking for a place to undertake, invest or simply enjoy a dynamic and multicultural environment, Dubai is undoubtedly an option to consider.

Schedule a free consultation by clicking the button below.

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